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 | |
|---|---|---|---|---|---|---|
751
JPMorgan Small & Mid Cap Enhanced Equity ETF
JMEE
$2.85B
| $18M | 0.02% |
391,156
+31,194
| +9% | +$1.51M |
|
|
UFOX
752
Defiance Space and Connective Tech ETF
UFOX
$832M
| $18M | 0.02% |
602,425
-59,875
| -9% | -$1.81M |
|
|
AMJ
753
DELISTED
JP Morgan Alerian MLP Index ETN 5/24/24
AMJ
| $17.9M | 0.02% |
824,029
+788,472
| +2,217% | +$17.3M |
|
754
Xtrackers S&P 500 ESG ETF
SNPE
$2.62B
| $17.9M | 0.02% |
517,697
+3,078
| +0.6% | +$107K |
|
755
State Street SPDR MSCI ACWI ex-US ETF
CWI
$2.78B
| $17.7M | 0.02% |
737,040
+94,014
| +15% | +$2.19M |
|
756
lululemon athletica
LULU
$13.5B
| $17.7M | 0.02% |
55,336
-1,119
| -2% | -$368K |
|
757
Vanguard Materials ETF
VAW
$2.95B
| $17.6M | 0.02% |
103,582
-11,230
| -10% | -$1.89M |
|
758
Micron Technology
MU
$936B
| $17.6M | 0.02% |
352,176
+4,278
| +1% | +$234K |
|
759
US Global Jets ETF
JETS
$777M
| $17.6M | 0.02% |
1,029,228
-127,731
| -11% | -$2.23M |
|
|
BXMX
760
DELISTED
Nuveen S&P 500 Buy-Write Income Fund
BXMX
| $17.6M | 0.02% |
1,387,720
-156,898
| -10% | -$2.02M |
|
761
Pacer Data & Infrastructure Real Estate ETF
SRVR
$372M
| $17.5M | 0.02% |
601,790
-76,582
| -11% | -$2.22M |
|
762
Pacer Trendpilot US Mid Cap ETF
PTMC
$390M
| $17.4M | 0.01% |
557,888
-36,874
| -6% | -$1.18M |
|
763
Global X MLP ETF
MLPA
$2.29B
| $17.4M | 0.01% |
421,285
-65,062
| -13% | -$2.73M |
|
764
ROBO Global Robotics & Automation Index ETF
ROBO
$1.94B
| $17.4M | 0.01% |
374,663
+603
| +0.2% | +$27.5K |
|
765
iShares Interest Rate Hedged Corporate Bond ETF
LQDH
$505M
| $17.3M | 0.01% |
190,967
-32,576
| -15% | -$2.94M |
|
766
Quanta Services
PWR
$99.5B
| $17.2M | 0.01% |
120,709
+3,642
| +3% | +$517K |
|
767
State Street SPDR Portfolio Europe ETF
SPEU
$728M
| $17.2M | 0.01% |
495,323
+218,168
| +79% | +$7.19M |
|
768
Newmont
NEM
$98.2B
| $17.1M | 0.01% |
363,103
-3,043
| -0.8% | -$136K |
|
769
AstraZeneca
AZN
$264B
| $17.1M | 0.01% |
126,118
+7,577
| +6% | +$950K |
|
770
Cintas
CTAS
$82.4B
| $17.1M | 0.01% |
151,416
+76
| +0.1% | +$8.22K |
|
771
Kroger
KR
$35.6B
| $17.1M | 0.01% |
383,082
-14,638
| -4% | -$673K |
|
772
Marriott International
MAR
$98.4B
| $17.1M | 0.01% |
114,583
+2,431
| +2% | +$374K |
|
773
VICI Properties
VICI
$28.9B
| $17.1M | 0.01% |
526,440
+49,245
| +10% | +$1.58M |
|
774
iShares MSCI China ETF
MCHI
$6.29B
| $17M | 0.01% |
357,735
+192,872
| +117% | +$8.36M |
|
|
FSGS
775
First Trust SMID Growth Strength ETF
FSGS
$30.9M
| $16.9M | 0.01% |
667,909
+92,034
| +16% | +$2.36M |
|
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.