LPL Financial Portfolio holdings
LPL Financial, founded in 1989 through the merger of Linsco and Private Ledger and headquartered in San Diego, California, is the largest independent broker-dealer in the U.S., supporting over 22,000 financial advisors who manage more than $1.4 trillion in advisory and brokerage assets as of late 2024. Serving independent advisors, banks, and credit unions, LPL provides a robust technology platform, research, and back-office support, enabling advisors to offer personalized wealth management, retirement planning, and investment services to clients without proprietary products. The firm, publicly traded since 2010 under CEO Dan Arnold, has grown through acquisitions like Waddell & Reed’s wealth management business in 2021, emphasizing flexibility and advisor autonomy. With additional offices in Fort Mill, South Carolina, and Boston, LPL Financial remains a leader in empowering advisors amid a shifting financial landscape.
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
iShares MBS ETF
MBB
|
+$272M |
| 2 |
State Street SPDR S&P 500 ETF Trust
SPY
|
+$216M |
| 3 |
iShares 0-5 Year High Yield Corporate Bond ETF
SHYG
|
+$205M |
| 4 |
Pacer US Cash Cows 100 ETF
COWZ
|
+$193M |
| 5 |
State Street SPDR Portfolio S&P 500 Value ETF
SPYV
|
+$165M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
iShares US Treasury Bond ETF
GOVT
|
+$363M |
| 2 |
iShares TIPS Bond ETF
TIP
|
+$162M |
| 3 |
Goldman Sachs ActiveBeta US Large Cap Equity ETF
GSLC
|
+$100M |
| 4 |
HDV
iShares Core High Dividend ETF
HDV
|
+$89.5M |
| 5 |
iShares ESG Aware MSCI USA ETF
ESGU
|
+$77.9M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 5.07% |
| 2 | Healthcare | 3.26% |
| 3 | Financials | 3.13% |
| 4 | Industrials | 2.22% |
| 5 | Consumer Discretionary | 2.21% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
501
TJX Companies
TJX
$176B
| $33.8M | 0.03% |
425,232
+13,617
| +3% | +$1.01M |
|
502
Pacer Global Cash Cows Dividend ETF
GCOW
$3.43B
| $33.8M | 0.03% |
1,064,660
+115,225
| +12% | +$3.5M |
|
503
State Street SPDR Bloomberg 3-12 Month T-Bill ETF
BILS
$3.89B
| $33.6M | 0.03% |
+338,444
| New | +$33.6M |
|
504
Vanguard International High Dividend Yield ETF
VYMI
$20.7B
| $33.6M | 0.03% |
563,911
+45,429
| +9% | +$2.61M |
|
505
Simon Property Group
SPG
$74.7B
| $33.5M | 0.03% |
285,039
+4,250
| +2% | +$472K |
|
506
GE Aerospace
GE
$368B
| $33.3M | 0.03% |
638,772
-31,955
| -5% | -$1.57M |
|
507
Cigna
CI
$76.1B
| $33.3M | 0.03% |
100,432
+12,486
| +14% | +$3.95M |
|
508
TE Connectivity
TEL
$59.9B
| $33.1M | 0.03% |
288,521
+12,564
| +5% | +$1.49M |
|
509
BP
BP
$114B
| $33.1M | 0.03% |
947,960
+41,918
| +5% | +$1.39M |
|
510
State Street SPDR S&P 1500 Value Tilt ETF
VLU
$749M
| $32.8M | 0.03% |
234,692
+38,337
| +20% | +$5.33M |
|
511
JPMorgan Nasdaq Equity Premium Income ETF
JEPQ
$39.1B
| $32.7M | 0.03% |
802,537
+785,583
| +4,634% | +$33.4M |
|
|
NVO
512
Novo Nordisk
NVO
$228B
| $32.7M | 0.03% |
482,764
+11,844
| +3% | +$694K |
|
513
Invesco Large Cap Growth ETF
PWB
$2.27B
| $32.6M | 0.03% |
545,872
+146,191
| +37% | +$8.88M |
|
514
Global X MLP & Energy Infrastructure ETF
MLPX
$3.6B
| $32.4M | 0.03% |
795,166
+81,871
| +11% | +$3.37M |
|
515
Nuveen ESG Large-Cap Value ETF
NULV
$2.18B
| $32.1M | 0.03% |
936,122
+132,783
| +17% | +$4.53M |
|
516
First Trust Dow 30 Equal Weight ETF
EDOW
$313M
| $31.9M | 0.03% |
1,105,892
+212,693
| +24% | +$5.99M |
|
|
IBDP
517
DELISTED
iShares iBonds Dec 2024 Term Corporate ETF
IBDP
| $31.9M | 0.03% |
1,305,243
+56,601
| +5% | +$1.38M |
|
518
Nucor
NUE
$58.5B
| $31.8M | 0.03% |
241,076
-9,592
| -4% | -$1.3M |
|
519
PIMCO 25+ Year Zero Coupon US Treasury Index Exchange-Traded Fund
ZROZ
$1.32B
| $31.6M | 0.03% |
362,288
+308,725
| +576% | +$27.7M |
|
520
Constellation Brands
STZ
$22.3B
| $31.4M | 0.03% |
135,370
+11,899
| +10% | +$2.85M |
|
521
Hewlett Packard
HPE
$62.4B
| $31.4M | 0.03% |
1,965,564
+233,408
| +13% | +$3.44M |
|
522
American Water Works
AWK
$26.7B
| $31.4M | 0.03% |
205,705
+13,506
| +7% | +$1.95M |
|
523
Global X Russell 2000 Covered Call ETF
RYLD
$1.37B
| $31.3M | 0.03% |
1,662,899
+299,166
| +22% | +$5.77M |
|
524
Invesco S&P MidCap 400 Revenue ETF
RWK
$1.32B
| $31.2M | 0.03% |
363,670
+37,923
| +12% | +$3.22M |
|
525
Archer Daniels Midland
ADM
$38.9B
| $31.2M | 0.03% |
336,299
+15,437
| +5% | +$1.43M |
|
Similar funds
LPL Financial's Q4 2022 Portfolio in Review
As of Q4 2022, LPL Financial held 4,669 positions worth $117B, up 13% from $104B the previous quarter. Its ten largest holdings account for 17% of the portfolio.
LPL Financial deployed $6.24B of net new capital in Q4 2022, opening 252 new positions and adding to 2,329 existing holdings. Its largest new stake was First Trust Limited Duration Investment Grade Corporate ETF: 1,813,651 shares worth $33.9M.
By sector, the portfolio is most concentrated in Technology at 5.1% of assets, down from 5.5% a quarter earlier, followed by Healthcare and Financials.
On the sell side, the largest reduction was iShares US Treasury Bond ETF, an estimated $363M trimmed.
- LPL Financial's largest Q4 2022 buy was First Trust Limited Duration Investment Grade Corporate ETF: 1,813,651 shares worth $33.9M.
- LPL Financial added most to iShares MBS ETF in Q4 2022, an estimated $272M increase.
- LPL Financial's biggest Q4 2022 reduction was iShares US Treasury Bond ETF, cutting an estimated $363M.
- LPL Financial fully exited iShares iBonds Dec 2022 Term Corporate ETF in Q4 2022, selling an estimated $26.9M.
- LPL Financial's ten largest holdings make up 17% of its $117B portfolio in Q4 2022.
- LPL Financial opened 252 new positions and closed 216 in Q4 2022.
- LPL Financial's portfolio value rose 13% quarter-over-quarter to $117B.
Based on LPL Financial's 13F filing for Q4 2022, filed 7 Feb 2023.