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 |
Vanguard Morningstar Total Stock Market ETF
VTI
|
+$757M |
| 2 |
State Street Blackstone Senior Loan ETF
SRLN
|
+$687M |
| 3 |
iShares Core S&P 500 ETF
IVV
|
+$513M |
| 4 |
iShares Core MSCI EAFE ETF
IEFA
|
+$300M |
| 5 |
iShares Core Universal USD Bond ETF
IUSB
|
+$188M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
iShares Core MSCI Emerging Markets ETF
IEMG
|
+$521M |
| 2 |
iShares Broad USD High Yield Corporate Bond ETF
USHY
|
+$436M |
| 3 |
Dimensional US Core Equity 2 ETF
DFAC
|
+$391M |
| 4 |
iShares JPMorgan USD Emerging Markets Bond ETF
EMB
|
+$373M |
| 5 |
Invesco QQQ Trust
QQQ
|
+$216M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 6.35% |
| 2 | Financials | 3.13% |
| 3 | Consumer Discretionary | 2.91% |
| 4 | Healthcare | 2.88% |
| 5 | Industrials | 2.07% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
1401
iShares Russell 2500 ETF
SMMD
$3.55B
| $5.28M | ﹤0.01% |
84,580
-4,117
| -5% | -$253K |
|
1402
CoStar Group
CSGP
$11.7B
| $5.28M | ﹤0.01% |
79,196
+4,806
| +6% | +$319K |
|
1403
Davis Select Financial ETF
DFNL
$460M
| $5.27M | ﹤0.01% |
170,488
+2,823
| +2% | +$88.9K |
|
1404
PIMCO Investment Grade Corporate Bond Index Exchange-Traded Fund
CORP
$1.57B
| $5.26M | ﹤0.01% |
50,524
-13,585
| -21% | -$1.46M |
|
1405
Arbor Realty Trust
ABR
$964M
| $5.26M | ﹤0.01% |
308,119
-47,391
| -13% | -$832K |
|
1406
Invesco S&P SmallCap Quality ETF
XSHQ
$252M
| $5.25M | ﹤0.01% |
145,749
+22,611
| +18% | +$841K |
|
1407
Reaves Utility Income Fund
UTG
$3.54B
| $5.24M | ﹤0.01% |
151,660
+10,708
| +8% | +$355K |
|
1408
ProShares Equities for Rising Rates ETF
EQRR
$33M
| $5.24M | ﹤0.01% |
97,269
+85,181
| +705% | +$4.53M |
|
1409
Zscaler
ZS
$24.5B
| $5.23M | ﹤0.01% |
21,663
-20,860
| -49% | -$5.13M |
|
1410
Okta
OKTA
$24.7B
| $5.21M | ﹤0.01% |
34,531
-8,053
| -19% | -$1.44M |
|
1411
Direxion Auspice Broad Commodity Strategy ETF
COM
$205M
| $5.21M | ﹤0.01% |
156,942
+46,990
| +43% | +$1.49M |
|
1412
Packaging Corp of America
PKG
$21.9B
| $5.2M | ﹤0.01% |
33,335
+1,523
| +5% | +$222K |
|
1413
iShares Morningstar Small-Cap Value ETF
ISCV
$692M
| $5.2M | ﹤0.01% |
88,480
-2,468
| -3% | -$143K |
|
1414
Invesco
IVZ
$13.1B
| $5.2M | ﹤0.01% |
225,266
-27,734
| -11% | -$615K |
|
1415
LeaderShares AlphaFactor Tactical Focused ETF
LSAT
$64.7M
| $5.19M | ﹤0.01% |
150,223
+22,361
| +17% | +$778K |
|
|
PSMM
1416
DELISTED
Invesco Moderately Conservative Multi-Asset Allocation ETF
PSMM
| $5.17M | ﹤0.01% |
346,345
+190,612
| +122% | +$2.89M |
|
1417
EPAM Systems
EPAM
$5.51B
| $5.15M | ﹤0.01% |
17,363
+8,734
| +101% | +$3.43M |
|
1418
Jack Henry & Associates
JKHY
$10.9B
| $5.15M | ﹤0.01% |
25,951
-846
| -3% | -$148K |
|
1419
ALPS Clean Energy ETF
ACES
$109M
| $5.14M | ﹤0.01% |
81,116
-65,106
| -45% | -$3.67M |
|
|
SWAV
1420
DELISTED
Shockwave Medical, Inc. Common Stock
SWAV
| $5.13M | ﹤0.01% |
24,724
-3,358
| -12% | -$554K |
|
1421
Gabelli Dividend & Income Trust
GDV
$2.6B
| $5.12M | ﹤0.01% |
207,687
+5,141
| +3% | +$128K |
|
1422
Royal Gold
RGLD
$16.8B
| $5.12M | ﹤0.01% |
36,220
+170
| +0.5% | +$19.9K |
|
1423
Nasdaq
NDAQ
$52.7B
| $5.1M | ﹤0.01% |
85,932
-40,176
| -32% | -$2.38M |
|
1424
iShares Morningstar Small-Cap ETF
ISCB
$282M
| $5.1M | ﹤0.01% |
95,282
-3,891
| -4% | -$207K |
|
1425
Ameren
AEE
$30.3B
| $5.1M | ﹤0.01% |
54,391
-4,116
| -7% | -$360K |
|
Similar funds
LPL Financial's Q1 2022 Portfolio in Review
As of Q1 2022, LPL Financial held 4,507 positions worth $116B, down 2.3% from $119B the previous quarter. Its ten largest holdings account for 19% of the portfolio.
LPL Financial's Q1 2022 filing shows 176 new, 2,291 increased, 1,601 reduced and 331 closed positions. Its largest new stake was Janus Henderson AAA CLO ETF: 212,587 shares worth $10.7M. The largest sale was iShares Core MSCI Emerging Markets ETF, an estimated $521M.
By sector, the portfolio is most concentrated in Technology at 6.3% of assets, down from 6.8% a quarter earlier, followed by Financials and Consumer Discretionary.
- LPL Financial's largest Q1 2022 buy was Janus Henderson AAA CLO ETF: 212,587 shares worth $10.7M.
- LPL Financial added most to Vanguard Morningstar Total Stock Market ETF in Q1 2022, an estimated $757M increase.
- LPL Financial's biggest Q1 2022 reduction was iShares Core MSCI Emerging Markets ETF, cutting an estimated $521M.
- LPL Financial fully exited Dimensional US Core Equity 2 ETF in Q1 2022, selling an estimated $391M.
- LPL Financial's ten largest holdings make up 19% of its $116B portfolio in Q1 2022.
- LPL Financial opened 176 new positions and closed 331 in Q1 2022.
- LPL Financial's portfolio value fell 2.3% quarter-over-quarter to $116B.
Based on LPL Financial's 13F filing for Q1 2022, filed 16 May 2022.