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 | |
|---|---|---|---|---|---|---|
1051
JPMorgan US Quality Factor ETF
JQUA
$8.21B
| $9.46M | 0.01% |
244,045
+48,589
| +25% | +$1.86M |
|
1052
AB InBev
BUD
$167B
| $9.42M | 0.01% |
156,816
-5,704
| -4% | -$306K |
|
1053
Invesco KBW Bank ETF
KBWB
$6.84B
| $9.38M | 0.01% |
181,777
-21,512
| -11% | -$1.13M |
|
1054
State Street SPDR S&P International Dividend ETF
DWX
$529M
| $9.37M | 0.01% |
289,886
-13,300
| -4% | -$412K |
|
1055
Diamondback Energy
FANG
$57.1B
| $9.37M | 0.01% |
68,496
+1,677
| +3% | +$245K |
|
1056
Regions Financial
RF
$26.4B
| $9.37M | 0.01% |
434,395
+50,932
| +13% | +$1.1M |
|
1057
BlackRock Floating Rate Income Strategies Fund
FRA
$383M
| $9.37M | 0.01% |
831,730
-82,388
| -9% | -$944K |
|
1058
Lumentum
LITE
$55.5B
| $9.35M | 0.01% |
179,206
-2,806
| -2% | -$172K |
|
|
QHY
1059
WisdomTree U.S. High Yield Corporate Bond Fund
QHY
$237M
| $9.34M | 0.01% |
212,624
+92,958
| +78% | +$4.11M |
|
1060
Capital One
COF
$128B
| $9.34M | 0.01% |
100,430
+7,043
| +8% | +$692K |
|
|
FCT
1061
First Trust Senior Floating Rate Income Fund II
FCT
$251M
| $9.32M | 0.01% |
977,877
-8,177
| -0.8% | -$80.3K |
|
|
DMA
1062
Destra Multi-Alternative Fund
DMA
$67.4M
| $9.31M | 0.01% |
1,362,873
+384,348
| +39% | +$2.54M |
|
1063
Exelon
EXC
$46.9B
| $9.3M | 0.01% |
215,196
+4,643
| +2% | +$183K |
|
1064
Omnicom Group
OMC
$21.6B
| $9.27M | 0.01% |
113,616
+6,986
| +7% | +$519K |
|
1065
State Street SPDR S&P Homebuilders ETF
XHB
$1.6B
| $9.25M | 0.01% |
153,331
-33,122
| -18% | -$1.97M |
|
1066
First Trust Nasdaq Artificial Intelligence and Robotics ETF
ROBT
$721M
| $9.25M | 0.01% |
258,836
-40,064
| -13% | -$1.45M |
|
1067
Electronic Arts
EA
$53B
| $9.24M | 0.01% |
75,665
+1,131
| +2% | +$142K |
|
1068
Franklin US Large Cap Multifactor Index ETF
FLQL
$2.05B
| $9.24M | 0.01% |
235,433
+10,579
| +5% | +$420K |
|
1069
Sanofi
SNY
$103B
| $9.24M | 0.01% |
190,693
+15,799
| +9% | +$693K |
|
1070
Amplify CEF High Income ETF
YYY
$717M
| $9.22M | 0.01% |
791,678
+77,416
| +11% | +$917K |
|
1071
CF Industries
CF
$19.2B
| $9.21M | 0.01% |
108,080
+30,655
| +40% | +$3.11M |
|
1072
abrdn Physical Gold Shares ETF
SGOL
$6.91B
| $9.2M | 0.01% |
526,451
+133,784
| +34% | +$2.22M |
|
1073
Schwab US Aggregate Bond ETF
SCHZ
$10.5B
| $9.16M | 0.01% |
401,524
-17,610
| -4% | -$401K |
|
1074
AAM Low Duration Preferred and Income Securities ETF
PFLD
$413M
| $9.16M | 0.01% |
442,038
+72,263
| +20% | +$1.52M |
|
1075
State Street SPDR S&P Transportation ETF
XTN
$387M
| $9.14M | 0.01% |
135,956
+51,770
| +61% | +$3.61M |
|
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.