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 | |
|---|---|---|---|---|---|---|
951
iShares MSCI United Kingdom ETF
EWU
$4.1B
| $10.2M | 0.01% |
340,197
-264,516
| -44% | -$8.5M |
|
952
First Trust Multi Cap Growth AlphaDEX Fund
FAD
$545M
| $10.2M | 0.01% |
111,128
-8,681
| -7% | -$873K |
|
953
Alliant Energy
LNT
$18.6B
| $10.2M | 0.01% |
173,561
+17,386
| +11% | +$1.05M |
|
954
Estee Lauder
EL
$30.4B
| $10.2M | 0.01% |
39,899
-7,283
| -15% | -$1.85M |
|
955
Arthur J. Gallagher & Co
AJG
$69.1B
| $10.2M | 0.01% |
62,316
+8,269
| +15% | +$1.37M |
|
956
PUT
iShares Russell 2000 ETF
IWM
$79.1B
| $10.1M | 0.01% |
59,900
-26,400
| -31% | -$4.87M |
|
957
Fastenal
FAST
$54.8B
| $10.1M | 0.01% |
406,324
+36,362
| +10% | +$980K |
|
958
ProShares Russell 2000 Dividend Growers ETF
SMDV
$701M
| $10.1M | 0.01% |
172,072
+11,044
| +7% | +$676K |
|
959
iShares Global Energy ETF
IXC
$2.75B
| $10.1M | 0.01% |
297,977
-30,469
| -9% | -$1.14M |
|
960
Cohen & Steers REIT and Preferred and Income Fund
RNP
$989M
| $10.1M | 0.01% |
473,037
+26,858
| +6% | +$628K |
|
961
Verisk Analytics
VRSK
$27.9B
| $10.1M | 0.01% |
58,312
+1,083
| +2% | +$202K |
|
962
First Trust RBA American Industrial Renaissance ETF
AIRR
$9.53B
| $10.1M | 0.01% |
271,615
-35,275
| -11% | -$1.39M |
|
963
Invesco S&P 500 Momentum ETF
SPMO
$19.7B
| $10.1M | 0.01% |
194,154
+27,645
| +17% | +$1.56M |
|
964
Exelon
EXC
$48.1B
| $10.1M | 0.01% |
221,886
+20,659
| +10% | +$971K |
|
965
Vanguard World Funds Extended Duration ETF
EDV
$3.26B
| $10M | 0.01% |
99,980
-46,871
| -32% | -$4.87M |
|
966
Franklin Short Duration US Government ETF
FTSD
$300M
| $9.97M | 0.01% |
109,110
+78,305
| +254% | +$7.17M |
|
967
First Trust Europe AlphaDEX Fund
FEP
$515M
| $9.91M | 0.01% |
316,352
-61,288
| -16% | -$2.18M |
|
|
BLD
968
DELISTED
TopBuild
BLD
| $9.88M | 0.01% |
59,084
+2,908
| +5% | +$532K |
|
969
Janus Henderson AAA CLO ETF
JAAA
$29.1B
| $9.88M | 0.01% |
201,368
-11,219
| -5% | -$557K |
|
970
Roper Technologies
ROP
$40.4B
| $9.86M | 0.01% |
24,994
+2,590
| +12% | +$1.13M |
|
971
Fidelity MSCI Utilities Index ETF
FUTY
$2.34B
| $9.85M | 0.01% |
218,204
-14,840
| -6% | -$691K |
|
972
Schwab US Aggregate Bond ETF
SCHZ
$10.5B
| $9.84M | 0.01% |
411,184
-73,132
| -15% | -$1.77M |
|
973
JPMorgan Municipal ETF
JMUB
$8.32B
| $9.81M | 0.01% |
196,530
+113,101
| +136% | +$5.66M |
|
974
Wolfspeed
WOLF
$1.04B
| $9.79M | 0.01% |
+154,349
| New | +$12.8M |
|
975
Amplify CEF High Income ETF
YYY
$719M
| $9.77M | 0.01% |
772,779
+46,550
| +6% | +$637K |
|
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.