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 | |
|---|---|---|---|---|---|---|
1376
iShares Core MSCI Europe ETF
IEUR
$8.97B
| $5.74M | ﹤0.01% |
120,791
-8,726
| -7% | -$394K |
|
1377
Cohen & Steers Infrastructure Fund
UTF
$3.11B
| $5.71M | ﹤0.01% |
238,115
+19,692
| +9% | +$465K |
|
1378
Teradyne
TER
$57.6B
| $5.7M | ﹤0.01% |
65,254
-2,113
| -3% | -$181K |
|
1379
Arbor Realty Trust
ABR
$964M
| $5.66M | ﹤0.01% |
428,838
+104,029
| +32% | +$1.41M |
|
1380
Davis Select Financial ETF
DFNL
$460M
| $5.65M | ﹤0.01% |
208,707
+10,936
| +6% | +$297K |
|
1381
Schwab Fundamental Emerging Markets Large Company Index ETF
FNDE
$9.72B
| $5.64M | ﹤0.01% |
227,577
-2,635
| -1% | -$64.6K |
|
1382
Cohen & Steers Closed End Opportunity Fund
FOF
$377M
| $5.63M | ﹤0.01% |
538,961
+1,251
| +0.2% | +$13.3K |
|
1383
Academy Sports + Outdoors
ASO
$2.94B
| $5.62M | ﹤0.01% |
106,965
-3,534
| -3% | -$169K |
|
|
DFAI
1384
Dimensional International Core Equity Market ETF
DFAI
$17.4B
| $5.61M | ﹤0.01% |
223,965
+197,413
| +743% | +$4.74M |
|
1385
iShare MSCI Eurozone ETF
EZU
$9.64B
| $5.55M | ﹤0.01% |
140,687
+28,285
| +25% | +$1.06M |
|
1386
Nuveen ESG US Aggregate Bond ETF
NUBD
$463M
| $5.55M | ﹤0.01% |
254,792
+5,489
| +2% | +$119K |
|
1387
Sunoco
SUN
$14.4B
| $5.53M | ﹤0.01% |
128,297
+1,355
| +1% | +$57.2K |
|
1388
Davis Select US Equity ETF
DUSA
$1.27B
| $5.53M | ﹤0.01% |
203,499
+501
| +0.2% | +$13.6K |
|
1389
Agnico Eagle Mines
AEM
$73.6B
| $5.5M | ﹤0.01% |
105,859
+21,977
| +26% | +$1.04M |
|
1390
CoStar Group
CSGP
$11.7B
| $5.5M | ﹤0.01% |
71,200
-13,874
| -16% | -$1.08M |
|
1391
Pacer Developed Markets International Cash Cows 100 ETF
ICOW
$1.81B
| $5.5M | ﹤0.01% |
201,794
+24,898
| +14% | +$656K |
|
1392
BlackRock Credit Allocation Income Trust
BTZ
$930M
| $5.49M | ﹤0.01% |
543,233
+20,706
| +4% | +$210K |
|
1393
Darden Restaurants
DRI
$23.3B
| $5.48M | ﹤0.01% |
39,614
+1,240
| +3% | +$173K |
|
1394
BlackRock Resources & Commodities Strategy Trust
BCX
$919M
| $5.48M | ﹤0.01% |
549,543
+9,448
| +2% | +$89.7K |
|
1395
Hormel Foods
HRL
$13.8B
| $5.48M | ﹤0.01% |
120,246
-3,160
| -3% | -$147K |
|
1396
iShares MSCI Germany ETF
EWG
$1.59B
| $5.47M | ﹤0.01% |
221,362
-829,566
| -79% | -$19.3M |
|
1397
ClearBridge Large Cap Growth Select ETF
LRGE
$374M
| $5.46M | ﹤0.01% |
133,855
+49,644
| +59% | +$2.08M |
|
1398
eBay
EBAY
$50.6B
| $5.45M | ﹤0.01% |
131,484
+3,513
| +3% | +$146K |
|
|
VMW
1399
DELISTED
VMware, Inc
VMW
| $5.43M | ﹤0.01% |
44,271
-1,858
| -4% | -$214K |
|
1400
Global X Cloud Computing ETF
CLOU
$240M
| $5.42M | ﹤0.01% |
337,972
-45,862
| -12% | -$738K |
|
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.