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 | |
|---|---|---|---|---|---|---|
1001
Invesco Dorsey Wright SmallCap Momentum ETF
DWAS
$429M
| $10.5M | 0.01% |
143,729
-2,275
| -2% | -$169K |
|
1002
CMS Energy
CMS
$22.6B
| $10.4M | 0.01% |
164,726
+57,245
| +53% | +$3.38M |
|
1003
Phillips Edison & Co
PECO
$5.46B
| $10.4M | 0.01% |
327,370
-129,801
| -28% | -$3.99M |
|
1004
Invesco S&P 500 Downside Hedged ETF
PHDG
$73.7M
| $10.4M | 0.01% |
322,429
-51,305
| -14% | -$1.74M |
|
1005
VanEck Short Muni ETF
SMB
$312M
| $10.4M | 0.01% |
616,267
-134,395
| -18% | -$2.25M |
|
1006
iShares Morningstar US Equity ETF
ILCB
$1.27B
| $10.4M | 0.01% |
197,608
-3,057
| -2% | -$162K |
|
1007
Verisk Analytics
VRSK
$25.4B
| $10.4M | 0.01% |
58,802
-349
| -0.6% | -$61.3K |
|
1008
Centene
CNC
$30.7B
| $10.3M | 0.01% |
125,979
-20,570
| -14% | -$1.68M |
|
1009
Vanguard S&P Small-Cap 600 Growth ETF
VIOG
$1.05B
| $10.3M | 0.01% |
110,440
-18,966
| -15% | -$1.8M |
|
1010
iShares MSCI Japan ETF
EWJ
$21.9B
| $10.3M | 0.01% |
188,898
-337,079
| -64% | -$17.7M |
|
1011
Edison International
EIX
$28.2B
| $10.3M | 0.01% |
161,616
+14,004
| +9% | +$859K |
|
1012
NNN REIT
NNN
$9.04B
| $10.3M | 0.01% |
224,641
-3,494
| -2% | -$152K |
|
|
MRO
1013
DELISTED
Marathon Oil Corporation
MRO
| $10.3M | 0.01% |
378,754
+130,093
| +52% | +$3.77M |
|
1014
Nuveen ESG Mid-Cap Growth ETF
NUMG
$350M
| $10.2M | 0.01% |
291,003
+37,623
| +15% | +$1.31M |
|
1015
Invesco S&P 500 Equal Weight Financials ETF
RSPF
$306M
| $10.2M | 0.01% |
181,454
-63,749
| -26% | -$3.58M |
|
1016
WisdomTree US Efficient Core Fund
NTSX
$1.35B
| $10.2M | 0.01% |
313,091
+935
| +0.3% | +$30.6K |
|
1017
Invesco S&P SmallCap 600 Pure Value ETF
RZV
$290M
| $10.1M | 0.01% |
114,626
+37,412
| +48% | +$3.3M |
|
1018
Fidelity High Dividend ETF
FDVV
$10.1B
| $10.1M | 0.01% |
270,968
+116,225
| +75% | +$4.26M |
|
1019
State Street DoubleLine Short Duration Total Return Tactical ETF
STOT
$501M
| $10.1M | 0.01% |
219,289
+48,047
| +28% | +$2.21M |
|
|
K
1020
DELISTED
Kellanova
K
| $10.1M | 0.01% |
151,041
+13,497
| +10% | +$916K |
|
1021
Motley Fool 100 Index ETF
TMFC
$2.05B
| $10.1M | 0.01% |
331,768
-134,096
| -29% | -$4.23M |
|
1022
ALPS Sector Dividend Dogs ETF
SDOG
$1.4B
| $10.1M | 0.01% |
196,385
-52,088
| -21% | -$2.62M |
|
1023
Advance Auto Parts
AAP
$3.35B
| $10.1M | 0.01% |
68,149
-2,239
| -3% | -$363K |
|
1024
ARK Blockchain & Fintech Innovation ETF
ARKF
$722M
| $10.1M | 0.01% |
706,230
+111,066
| +19% | +$1.72M |
|
1025
WisdomTree Global High Dividend Fund
DEW
$148M
| $10.1M | 0.01% |
214,966
+118,920
| +124% | +$5.38M |
|
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.