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 | |
|---|---|---|---|---|---|---|
1201
iShares MSCI South Africa ETF
EZA
$547M
| $7.62M | 0.01% |
179,633
-53,393
| -23% | -$2.19M |
|
1202
Main Street Capital
MAIN
$5.06B
| $7.6M | 0.01% |
205,669
+26,550
| +15% | +$970K |
|
1203
Owens Corning
OC
$11.2B
| $7.59M | 0.01% |
89,031
-58,158
| -40% | -$5.1M |
|
1204
American Century US Quality Value ETF
VALQ
$329M
| $7.58M | 0.01% |
159,483
+14,034
| +10% | +$658K |
|
1205
Texas Pacific Land
TPL
$27.8B
| $7.58M | 0.01% |
29,097
+4,167
| +17% | +$1.1M |
|
|
JPS
1206
DELISTED
Nuveen Preferred & Income Securities Fund
JPS
| $7.57M | 0.01% |
1,113,494
-35,926
| -3% | -$245K |
|
1207
Atmos Energy
ATO
$28.8B
| $7.54M | 0.01% |
67,293
+5,573
| +9% | +$613K |
|
1208
iShares MSCI Global Gold Miners ETF
RING
$2.27B
| $7.54M | 0.01% |
337,538
+6,597
| +2% | +$136K |
|
1209
The Mosaic Company
MOS
$7.03B
| $7.54M | 0.01% |
171,792
-22,715
| -12% | -$1.12M |
|
1210
iShares Core 80/20 Aggressive Allocation ETF
AOA
$3.19B
| $7.53M | 0.01% |
126,016
+5,661
| +5% | +$335K |
|
1211
Church & Dwight Co
CHD
$23.4B
| $7.51M | 0.01% |
93,216
+6,434
| +7% | +$494K |
|
1212
Invesco RAFI Strategic US ETF
IUS
$916M
| $7.51M | 0.01% |
205,743
+56,988
| +38% | +$2.07M |
|
1213
Illumina
ILMN
$31B
| $7.51M | 0.01% |
38,189
+7,119
| +23% | +$1.48M |
|
1214
AAM S&P 500 High Dividend Value ETF
SPDV
$101M
| $7.49M | 0.01% |
256,938
+42,500
| +20% | +$1.22M |
|
1215
Otis Worldwide
OTIS
$27.4B
| $7.49M | 0.01% |
95,619
-9,759
| -9% | -$721K |
|
1216
ProShares Short High Yield
SJB
$51.8M
| $7.48M | 0.01% |
393,818
+326,659
| +486% | +$6.27M |
|
1217
iShares Morningstar Mid-Cap Value ETF
IMCV
$1.14B
| $7.48M | 0.01% |
120,574
-627
| -0.5% | -$38.7K |
|
|
POWR
1218
iShares U.S. Power Infrastructure ETF
POWR
$441M
| $7.47M | 0.01% |
307,953
-22,758
| -7% | -$559K |
|
1219
Suncor Energy
SU
$79.4B
| $7.46M | 0.01% |
235,225
+117,817
| +100% | +$3.87M |
|
1220
Vanguard Russell 2000 Value ETF
VTWV
$1.29B
| $7.46M | 0.01% |
61,265
+11,218
| +22% | +$1.39M |
|
1221
Dimensional Core Fixed Income ETF
DFCF
$10.8B
| $7.45M | 0.01% |
179,534
+159,782
| +809% | +$6.61M |
|
1222
Check Point Software Technologies
CHKP
$13B
| $7.45M | 0.01% |
59,071
-1,256
| -2% | -$157K |
|
1223
Nuveen Municipal Value Fund
NUV
$1.92B
| $7.45M | 0.01% |
865,811
-17,365
| -2% | -$148K |
|
1224
Baker Hughes
BKR
$60B
| $7.4M | 0.01% |
250,668
+17,809
| +8% | +$491K |
|
1225
Invesco S&P 500 Equal Weight Industrials ETF
RSPN
$1.08B
| $7.4M | 0.01% |
207,475
-10,050
| -5% | -$352K |
|
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.