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 |
Dimensional US Core Equity 2 ETF
DFAC
|
+$378M |
| 2 |
State Street Health Care Select Sector SPDR ETF
XLV
|
+$252M |
| 3 |
iShares Gold Trust
IAU
|
+$227M |
| 4 |
iShares MSCI Emerging Markets Min Vol Factor ETF
EEMV
|
+$226M |
| 5 |
WisdomTree Floating Rate Treasury Fund
USFR
|
+$168M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
State Street Financial Select Sector SPDR ETF
XLF
|
+$140M |
| 2 |
iShares ESG Aware MSCI EM ETF
ESGE
|
+$140M |
| 3 |
State Street Consumer Discretionary Select Sector SPDR ETF
XLY
|
+$116M |
| 4 |
iShares GSCI Commodity Dynamic Roll Strategy ETF
COMT
|
+$109M |
| 5 |
iShares Core S&P Small-Cap ETF
IJR
|
+$85M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 5.66% |
| 2 | Healthcare | 3.17% |
| 3 | Financials | 3.02% |
| 4 | Consumer Discretionary | 2.48% |
| 5 | Industrials | 2.07% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
626
NXP Semiconductors
NXPI
$61.5B
| $20.9M | 0.02% |
140,860
+890
| +0.6% | +$155K |
|
627
McCormick & Company Non-Voting
MKC
$14.1B
| $20.8M | 0.02% |
249,684
+16,791
| +7% | +$1.59M |
|
628
State Street SPDR S&P 1500 Momentum Tilt ETF
MMTM
$158M
| $20.8M | 0.02% |
129,662
-15,809
| -11% | -$2.75M |
|
629
Regeneron Pharmaceuticals
REGN
$73B
| $20.8M | 0.02% |
35,104
-2,236
| -6% | -$1.45M |
|
630
iShares iBonds Dec 2026 Term Corporate ETF
IBDR
$3.43B
| $20.5M | 0.02% |
862,247
+19,865
| +2% | +$478K |
|
631
State Street SPDR S&P Global Dividend ETF
WDIV
$278M
| $20.5M | 0.02% |
332,015
+12,665
| +4% | +$825K |
|
|
FISV
632
Fiserv Inc
FISV
$29.5B
| $20.5M | 0.02% |
230,032
-522
| -0.2% | -$50.6K |
|
633
US Global Jets ETF
JETS
$772M
| $20.4M | 0.02% |
1,236,955
-186,296
| -13% | -$3.67M |
|
634
First Trust Dow Jones Global Select Dividend Index Fund
FGD
$1.54B
| $20.4M | 0.02% |
938,167
+122,380
| +15% | +$2.94M |
|
635
WEC Energy
WEC
$36.5B
| $20.4M | 0.02% |
202,321
+37,981
| +23% | +$3.85M |
|
636
iShares US Transportation ETF
IYT
$2.28B
| $20.4M | 0.02% |
382,472
-353,284
| -48% | -$20.6M |
|
637
McKesson
MCK
$106B
| $20.3M | 0.02% |
62,268
+2,760
| +5% | +$883K |
|
638
Invesco S&P MidCap 400 Revenue ETF
RWK
$1.32B
| $20.3M | 0.02% |
258,988
+11,427
| +5% | +$984K |
|
639
Pacer Trendpilot US Mid Cap ETF
PTMC
$391M
| $20.2M | 0.02% |
584,736
+23,046
| +4% | +$796K |
|
640
VanEck High Yield Muni ETF
HYD
$4.45B
| $20.2M | 0.02% |
374,364
-29,695
| -7% | -$1.62M |
|
|
BXMX
641
DELISTED
Nuveen S&P 500 Buy-Write Income Fund
BXMX
| $20.1M | 0.02% |
1,628,633
-58,819
| -3% | -$792K |
|
642
Hewlett Packard
HPE
$59.9B
| $20.1M | 0.02% |
1,518,691
+195,862
| +15% | +$2.97M |
|
643
Invesco S&P Ultra Dividend Revenue ETF
RDIV
$1.4B
| $20.1M | 0.02% |
486,645
+38,658
| +9% | +$1.67M |
|
644
iShares US Consumer Discretionary ETF
IYC
$1.16B
| $20M | 0.02% |
353,054
+145,419
| +70% | +$9.39M |
|
645
First Trust Nasdaq-100 Select Equal Weight ETF
QQEW
$1.72B
| $20M | 0.02% |
229,192
-6,891
| -3% | -$654K |
|
646
Trade Desk
TTD
$8.98B
| $20M | 0.02% |
477,450
-36,841
| -7% | -$2.02M |
|
647
ARK Web x.0 ETF
ARKW
$1.62B
| $20M | 0.02% |
407,747
-75,182
| -16% | -$4.66M |
|
648
Global X SuperDividend US ETF
DIV
$795M
| $20M | 0.02% |
1,026,836
+390,475
| +61% | +$8M |
|
649
First Trust Municipal High Income ETF
FMHI
$992M
| $20M | 0.02% |
420,451
-166,293
| -28% | -$8.09M |
|
650
First Trust Ultra Short Duration Municipal ETF
FUMB
$246M
| $20M | 0.02% |
1,000,124
+456,493
| +84% | +$9.11M |
|
Similar funds
LPL Financial's Q2 2022 Portfolio in Review
As of Q2 2022, LPL Financial held 4,602 positions worth $105B, down 9.5% from $116B the previous quarter. Its ten largest holdings account for 18% of the portfolio.
LPL Financial deployed $5.93B of net new capital in Q2 2022, opening 421 new positions and adding to 2,316 existing holdings. Its largest new stake was Dimensional US Core Equity 2 ETF: 14,943,726 shares worth $348M.
By sector, the portfolio is most concentrated in Technology at 5.7% of assets, down from 6.3% a quarter earlier, followed by Healthcare and Financials.
On the sell side, the largest reduction was State Street Financial Select Sector SPDR ETF, an estimated $140M trimmed.
- LPL Financial's largest Q2 2022 buy was Dimensional US Core Equity 2 ETF: 14,943,726 shares worth $348M.
- LPL Financial added most to State Street Health Care Select Sector SPDR ETF in Q2 2022, an estimated $252M increase.
- LPL Financial's biggest Q2 2022 reduction was State Street Financial Select Sector SPDR ETF, cutting an estimated $140M.
- LPL Financial fully exited MGM Growth Properties LLC Class A common shares representing limited liability company interests in Q2 2022, selling an estimated $4.43M.
- LPL Financial's ten largest holdings make up 18% of its $105B portfolio in Q2 2022.
- LPL Financial opened 421 new positions and closed 184 in Q2 2022.
- LPL Financial's portfolio value fell 9.5% quarter-over-quarter to $105B.
Based on LPL Financial's 13F filing for Q2 2022, filed 12 Aug 2022.