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 | |
|---|---|---|---|---|---|---|
1451
US Treasury 2 Year Note ETF
UTWO
$481M
| $5M | ﹤0.01% |
+102,489
| New | +$5.02M |
|
1452
Invesco Senior Income Trust
VVR
$457M
| $5M | ﹤0.01% |
1,304,400
+125,804
| +11% | +$479K |
|
1453
PDS Biotechnology
PDSB
$38.4M
| $5M | ﹤0.01% |
378,460
-114,771
| -23% | -$810K |
|
1454
Nordson
NDSN
$16.6B
| $4.99M | ﹤0.01% |
21,004
+1,268
| +6% | +$290K |
|
1455
iShares MSCI USA Equal Weighted ETF
EUSA
$1.81B
| $4.99M | ﹤0.01% |
68,450
+6,445
| +10% | +$468K |
|
1456
iShares Global Infrastructure ETF
IGF
$10.9B
| $4.98M | ﹤0.01% |
108,683
-4,750
| -4% | -$214K |
|
1457
OGE Energy
OGE
$9.78B
| $4.98M | ﹤0.01% |
125,876
+1,894
| +2% | +$71.8K |
|
1458
iShares US Pharmaceuticals ETF
IHE
$1.46B
| $4.97M | ﹤0.01% |
80,148
+10,701
| +15% | +$644K |
|
1459
Agilent Technologies
A
$39.1B
| $4.96M | ﹤0.01% |
33,149
+4,738
| +17% | +$676K |
|
|
FRC
1460
DELISTED
First Republic Bank
FRC
| $4.94M | ﹤0.01% |
40,565
-39,856
| -50% | -$4.86M |
|
1461
ProShares Investment Grade-Interest Rate Hedged
IGHG
$330M
| $4.94M | ﹤0.01% |
69,415
-18,678
| -21% | -$1.31M |
|
1462
JB Hunt Transport Services
JBHT
$25.5B
| $4.93M | ﹤0.01% |
28,282
-1,940
| -6% | -$339K |
|
1463
WisdomTree India Earnings Fund ETF
EPI
$2.06B
| $4.93M | ﹤0.01% |
151,186
+18,535
| +14% | +$601K |
|
1464
Ingersoll Rand
IR
$32.6B
| $4.92M | ﹤0.01% |
94,241
+15,164
| +19% | +$774K |
|
1465
Fidelity MSCI Consumer Discretionary Index ETF
FDIS
$1.68B
| $4.92M | ﹤0.01% |
86,863
-7,622
| -8% | -$462K |
|
1466
Vanguard S&P Small-Cap 600 Value ETF
VIOV
$1.85B
| $4.92M | ﹤0.01% |
62,690
+5,306
| +9% | +$423K |
|
1467
iShares MSCI ACWI ex US ETF
ACWX
$11.5B
| $4.92M | ﹤0.01% |
108,163
+8,080
| +8% | +$354K |
|
1468
Invesco S&P 500 Value with Momentum ETF
SPVM
$129M
| $4.92M | ﹤0.01% |
99,745
+584
| +0.6% | +$28.8K |
|
1469
iShares Interest Rate Hedged High Yield Bond ETF
HYGH
$593M
| $4.92M | ﹤0.01% |
59,960
-18,049
| -23% | -$1.49M |
|
1470
Commerce Bancshares
CBSH
$8.53B
| $4.91M | ﹤0.01% |
83,515
-1,619
| -2% | -$94.3K |
|
1471
Molson Coors Class B
TAP
$7.79B
| $4.91M | ﹤0.01% |
95,211
+34,480
| +57% | +$1.77M |
|
|
AOD
1472
abrdn Total Dynamic Dividend Fund
AOD
$1.11B
| $4.87M | ﹤0.01% |
624,523
+56,509
| +10% | +$437K |
|
1473
First Trust Multi Cap Growth AlphaDEX Fund
FAD
$560M
| $4.86M | ﹤0.01% |
51,291
-40,812
| -44% | -$3.94M |
|
1474
JPMorgan BetaBuilders Canada ETF
BBCA
$10.9B
| $4.84M | ﹤0.01% |
84,540
-6,852
| -7% | -$395K |
|
1475
Crocs
CROX
$6.14B
| $4.84M | ﹤0.01% |
44,652
+4,876
| +12% | +$431K |
|
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.