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 | |
|---|---|---|---|---|---|---|
1251
Invesco Active US Real Estate Fund
PSR
$60.5M
| $6.12M | 0.01% |
64,146
+2,994
| +5% | +$311K |
|
1252
Fidelity MSCI Consumer Discretionary Index ETF
FDIS
$1.63B
| $6.12M | 0.01% |
103,978
-19,377
| -16% | -$1.31M |
|
1253
Nuveen ESG Mid-Cap Value ETF
NUMV
$448M
| $6.12M | 0.01% |
199,898
+21,517
| +12% | +$724K |
|
1254
Fidelity Corporate Bond ETF
FCOR
$353M
| $6.12M | 0.01% |
131,845
+27,284
| +26% | +$1.3M |
|
1255
Best Buy
BBY
$19B
| $6.12M | 0.01% |
93,803
-902
| -1% | -$75.2K |
|
1256
Amplify Etho Climate Leadership US ETF
ETHO
$184M
| $6.1M | 0.01% |
128,305
+10,018
| +8% | +$522K |
|
1257
Amphenol
APH
$185B
| $6.1M | 0.01% |
189,510
-6,114
| -3% | -$213K |
|
1258
Copart
CPRT
$28.5B
| $6.1M | 0.01% |
224,428
+25,872
| +13% | +$736K |
|
1259
Brookfield Infrastructure Partners
BIP
$19.6B
| $6.08M | 0.01% |
159,026
-1,074
| -0.7% | -$44.1K |
|
1260
Global X Cloud Computing ETF
CLOU
$236M
| $6.07M | 0.01% |
368,372
-99,840
| -21% | -$1.85M |
|
1261
Arista Networks
ANET
$199B
| $6.05M | 0.01% |
258,204
-6,368
| -2% | -$175K |
|
1262
Guggenheim Strategic Opportunities Fund
GOF
$2.2B
| $6.05M | 0.01% |
375,817
+29,084
| +8% | +$515K |
|
1263
Lennar Class A
LEN
$20.4B
| $6.04M | 0.01% |
88,437
-20,007
| -18% | -$1.47M |
|
1264
Hormel Foods
HRL
$14.2B
| $6.04M | 0.01% |
127,534
+16,076
| +14% | +$802K |
|
1265
FMC
FMC
$1.25B
| $6.03M | 0.01% |
56,329
-10,891
| -16% | -$1.33M |
|
|
CHI
1266
Calamos Convertible Opportunities and Income Fund
CHI
$968M
| $6.02M | 0.01% |
561,476
+105,978
| +23% | +$1.26M |
|
1267
Canadian National Railway
CNI
$78.5B
| $6.01M | 0.01% |
53,430
+386
| +0.7% | +$45.1K |
|
1268
JPMorgan US Quality Factor ETF
JQUA
$8.14B
| $6.01M | 0.01% |
161,337
+18,603
| +13% | +$739K |
|
1269
iShares Global Comm Services ETF
IXP
$529M
| $6M | 0.01% |
98,084
+59,039
| +151% | +$3.92M |
|
1270
iShares MSCI Poland ETF
EPOL
$680M
| $5.98M | 0.01% |
408,799
-172,258
| -30% | -$2.78M |
|
1271
Invesco Global Listed Private Equity ETF
PSP
$230M
| $5.98M | 0.01% |
121,716
-26,396
| -18% | -$1.48M |
|
1272
Franklin Dynamic Municipal Bond ETF
FLMI
$2.29B
| $5.97M | 0.01% |
252,237
+148,818
| +144% | +$3.56M |
|
1273
LeaderShares AlphaFactor US Core Equity ETF
LSAF
$124M
| $5.96M | 0.01% |
216,487
+53,259
| +33% | +$1.63M |
|
1274
VanEck CEF Muni Income ETF
XMPT
$219M
| $5.96M | 0.01% |
258,892
-33,911
| -12% | -$792K |
|
1275
Manulife Financial
MFC
$73B
| $5.96M | 0.01% |
343,835
+32,248
| +10% | +$610K |
|
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.