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 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 | |
|---|---|---|---|---|---|---|
126
Bank of America
BAC
$429B
| $175M | 0.15% |
4,242,148
+248,626
| +6% | +$11.2M |
|
127
iShares GSCI Commodity Dynamic Roll Strategy ETF
COMT
$1.19B
| $175M | 0.15% |
4,362,627
+374,644
| +9% | +$13.6M |
|
128
iShares iBoxx $ Investment Grade Corporate Bond ETF
LQD
$34.3B
| $174M | 0.15% |
1,440,681
-121,919
| -8% | -$15.2M |
|
129
First Trust Dow Jones Internet Index Fund ETF
FDN
$4.99B
| $174M | 0.15% |
924,449
-157,307
| -15% | -$30M |
|
130
iShares Select Dividend ETF
DVY
$23.8B
| $172M | 0.15% |
1,343,329
+108,619
| +9% | +$13.6M |
|
131
Merck
MRK
$322B
| $172M | 0.15% |
2,090,528
+100,723
| +5% | +$7.94M |
|
132
Vanguard Mortgage-Backed Securities ETF
VMBS
$15.4B
| $171M | 0.15% |
3,413,634
+30,731
| +0.9% | +$1.58M |
|
133
Cisco
CSCO
$443B
| $171M | 0.15% |
3,057,952
+52,733
| +2% | +$2.98M |
|
134
Broadcom
AVGO
$1.76T
| $167M | 0.14% |
2,645,320
+79,290
| +3% | +$4.71M |
|
135
iShares 7-10 Year Treasury Bond ETF
IEF
$47.2B
| $166M | 0.14% |
1,549,059
+258,246
| +20% | +$28.7M |
|
136
First Trust Enhanced Short Maturity ETF
FTSM
$6.51B
| $166M | 0.14% |
2,782,718
+451,883
| +19% | +$27M |
|
137
iShares Global Tech ETF
IXN
$7.87B
| $165M | 0.14% |
2,850,305
-724,350
| -20% | -$41.8M |
|
138
Adobe
ADBE
$105B
| $163M | 0.14% |
358,211
+7,543
| +2% | +$3.63M |
|
|
139
iShares Broad USD High Yield Corporate Bond ETF
USHY
$29.2B
| $163M | 0.14% |
4,182,630
-11,024,535
| -72% | -$436M |
|
140
iShares US Energy ETF
IYE
$1.72B
| $161M | 0.14% |
3,937,212
+117,540
| +3% | +$4.33M |
|
141
Vanguard Small-Cap Value ETF
VBR
$37.2B
| $161M | 0.14% |
913,746
+20,336
| +2% | +$3.54M |
|
142
State Street SPDR Portfolio Short Term Treasury ETF
SPTS
$6.1B
| $161M | 0.14% |
5,420,070
+1,933,243
| +55% | +$58.1M |
|
143
Vanguard Mega Cap Growth ETF
MGK
$31.3B
| $158M | 0.14% |
3,359,010
-121,970
| -4% | -$5.65M |
|
144
PepsiCo
PEP
$196B
| $157M | 0.14% |
940,707
-1,017
| -0.1% | -$171K |
|
145
iShares US Technology ETF
IYW
$22.6B
| $155M | 0.13% |
1,502,703
-46,245
| -3% | -$4.72M |
|
146
Vanguard Health Care ETF
VHT
$18.5B
| $154M | 0.13% |
604,046
+17,027
| +3% | +$4.21M |
|
147
Boeing
BA
$169B
| $154M | 0.13% |
801,734
+25,571
| +3% | +$5.13M |
|
148
Lockheed Martin
LMT
$131B
| $153M | 0.13% |
347,497
-23,879
| -6% | -$9.68M |
|
149
State Street SPDR Portfolio Intermediate Term Treasury ETF
SPTI
$10.5B
| $153M | 0.13% |
5,057,003
+1,895,211
| +60% | +$59.1M |
|
150
iShares Russell Mid-Cap Growth ETF
IWP
$19.4B
| $150M | 0.13% |
1,492,993
-110,698
| -7% | -$11M |
|
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 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.