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 | |
|---|---|---|---|---|---|---|
651
iShares Morningstar Mid-Cap ETF
IMCB
$1.66B
| $23.1M | 0.02% |
393,354
-20,360
| -5% | -$1.19M |
|
652
Invesco Solar ETF
TAN
$1.43B
| $23.1M | 0.02% |
316,177
-98,018
| -24% | -$7.39M |
|
653
Strategy Shares Nasdaq 7HANDL Index ETF
HNDL
$630M
| $23M | 0.02% |
1,176,715
-27,250
| -2% | -$539K |
|
654
Lam Research
LRCX
$373B
| $23M | 0.02% |
547,370
-26,330
| -5% | -$1.1M |
|
655
T. Rowe Price
TROW
$25.6B
| $22.9M | 0.02% |
210,006
+32,747
| +18% | +$3.71M |
|
656
Invesco S&P 500 Equal Weight Utilities ETF
RSPU
$539M
| $22.8M | 0.02% |
392,646
+5,032
| +1% | +$283K |
|
|
XYZ
657
Block Inc
XYZ
$49.2B
| $22.8M | 0.02% |
362,974
-57,967
| -14% | -$3.58M |
|
|
FISV
658
Fiserv Inc
FISV
$28.8B
| $22.8M | 0.02% |
225,598
+2,773
| +1% | +$276K |
|
659
First Trust Short Duration Managed Municipal ETF
FSMB
$619M
| $22.7M | 0.02% |
1,152,155
-92,733
| -7% | -$1.82M |
|
660
iShares US Healthcare Providers ETF
IHF
$1.21B
| $22.7M | 0.02% |
423,725
+63,155
| +18% | +$3.39M |
|
661
Invesco S&P SmallCap Momentum ETF
XSMO
$3.01B
| $22.6M | 0.02% |
479,579
+123,435
| +35% | +$5.98M |
|
|
GRID
662
First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund
GRID
$11.3B
| $22.6M | 0.02% |
258,817
-5,013
| -2% | -$430K |
|
663
Yum! Brands
YUM
$43.3B
| $22.5M | 0.02% |
175,868
+2,722
| +2% | +$330K |
|
664
State Street SPDR S&P 1500 Momentum Tilt ETF
MMTM
$158M
| $22.5M | 0.02% |
134,537
+2,689
| +2% | +$450K |
|
665
TC Energy
TRP
$70.9B
| $22.4M | 0.02% |
562,944
+119,123
| +27% | +$5.17M |
|
666
PIMCO 1-5 Year US TIPS Index Exchange-Traded Fund
STPZ
$506M
| $22.4M | 0.02% |
449,917
+23,329
| +5% | +$1.16M |
|
667
PIMCO Dynamic Income Fund
PDI
$7.44B
| $22.4M | 0.02% |
1,211,574
+32,780
| +3% | +$643K |
|
668
JPMorgan Municipal ETF
JMUB
$8.31B
| $22.3M | 0.02% |
448,933
-141,192
| -24% | -$6.92M |
|
669
First Trust Indxx NextG ETF
NXTG
$540M
| $22.3M | 0.02% |
365,520
-38,049
| -9% | -$2.28M |
|
670
McCormick & Company Non-Voting
MKC
$13.7B
| $22.3M | 0.02% |
268,887
+11,407
| +4% | +$920K |
|
671
Invesco S&P 500 Momentum ETF
SPMO
$20.7B
| $22.3M | 0.02% |
392,360
+225,878
| +136% | +$12.7M |
|
672
Allstate
ALL
$68.3B
| $22.3M | 0.02% |
164,181
-11,074
| -6% | -$1.45M |
|
673
VanEck Merk Gold Trust
OUNZ
$2.55B
| $22.2M | 0.02% |
1,253,650
+81,163
| +7% | +$1.36M |
|
674
Genuine Parts
GPC
$17.2B
| $22.1M | 0.02% |
127,573
+875
| +0.7% | +$152K |
|
675
Estee Lauder
EL
$30.7B
| $22.1M | 0.02% |
88,638
+45,677
| +106% | +$10.2M |
|
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.