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 Core S&P Small-Cap ETF
IJR
|
+$570M |
| 2 |
SCHR
Schwab Intermediately-Term US Treasury ETF
SCHR
|
+$501M |
| 3 |
State Street SPDR Bloomberg 1-3 Month T-Bill ETF
BIL
|
+$240M |
| 4 |
iShares Core S&P Mid-Cap ETF
IJH
|
+$239M |
| 5 |
iShares Core US Aggregate Bond ETF
AGG
|
+$236M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
State Street Blackstone Senior Loan ETF
SRLN
|
+$392M |
| 2 |
Vanguard Intermediate-Term Corporate Bond ETF
VCIT
|
+$284M |
| 3 |
iShares Russell 2000 ETF
IWM
|
+$266M |
| 4 |
iShares S&P Small-Cap 600 Value ETF
IJS
|
+$130M |
| 5 |
State Street DoubleLine Total Return Tactical ETF
TOTL
|
+$115M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 5.54% |
| 2 | Healthcare | 3.12% |
| 3 | Financials | 3.03% |
| 4 | Consumer Discretionary | 2.7% |
| 5 | Industrials | 2.08% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
126
State Street SPDR Bloomberg 1-10 Year TIPS ETF
TIPX
$2.01B
| $165M | 0.16% |
9,051,849
+3,508,769
| +63% | +$67.9M |
|
127
VanEck Morningstar Wide Moat ETF
MOAT
$11.9B
| $164M | 0.16% |
2,734,673
+160,016
| +6% | +$10.8M |
|
128
State Street SPDR Portfolio Emerging Markets ETF
SPEM
$17B
| $163M | 0.16% |
5,267,308
+850,426
| +19% | +$28.9M |
|
129
State Street SPDR Portfolio Long Term Treasury ETF
SPTL
$10.7B
| $161M | 0.16% |
5,428,566
+1,164,011
| +27% | +$37.8M |
|
130
iShares Russell Mid-Cap ETF
IWR
$56.5B
| $157M | 0.15% |
2,524,843
+81,896
| +3% | +$5.63M |
|
131
Lockheed Martin
LMT
$134B
| $157M | 0.15% |
405,462
+43,261
| +12% | +$18.1M |
|
132
Walt Disney
DIS
$172B
| $155M | 0.15% |
1,638,136
+20,557
| +1% | +$2.2M |
|
133
iShares 3-7 Year Treasury Bond ETF
IEI
$18.1B
| $154M | 0.15% |
1,344,989
-166,430
| -11% | -$19.7M |
|
134
McDonald's
MCD
$194B
| $153M | 0.15% |
664,154
+27,809
| +4% | +$7.11M |
|
135
State Street SPDR Portfolio Intermediate Term Treasury ETF
SPTI
$10.5B
| $153M | 0.15% |
5,446,989
+549,469
| +11% | +$16.1M |
|
136
Vanguard Short-Term Inflation-Protected Securities Index Fund
VTIP
$19.1B
| $152M | 0.15% |
3,164,829
-3,057
| -0.1% | -$151K |
|
137
First Trust Preferred Securities and Income ETF
FPE
$6.33B
| $150M | 0.14% |
8,966,921
+78,934
| +0.9% | +$1.39M |
|
138
First Trust Morningstar Dividend Leaders Index Fund
FDL
$7.9B
| $148M | 0.14% |
4,606,241
+1,262,611
| +38% | +$45.1M |
|
139
Cisco
CSCO
$456B
| $147M | 0.14% |
3,663,730
+150,298
| +4% | +$6.67M |
|
140
iShares MSCI EAFE ETF
EFA
$76.8B
| $146M | 0.14% |
2,606,509
-19,857
| -0.8% | -$1.24M |
|
141
Goldman Sachs ActiveBeta International Equity ETF
GSIE
$5.91B
| $145M | 0.14% |
5,862,997
-195,082
| -3% | -$5.41M |
|
142
State Street SPDR Portfolio Short Term Corporate Bond ETF
SPSB
$10.4B
| $144M | 0.14% |
4,933,183
-108,191
| -2% | -$3.21M |
|
143
Vanguard Health Care ETF
VHT
$18.6B
| $144M | 0.14% |
642,415
+15,825
| +3% | +$3.78M |
|
144
NextEra Energy
NEE
$186B
| $142M | 0.14% |
1,805,604
+135,089
| +8% | +$11.5M |
|
145
Vanguard Small-Cap Value ETF
VBR
$37.7B
| $140M | 0.14% |
978,954
+46,124
| +5% | +$7.33M |
|
146
CVS Health
CVS
$140B
| $140M | 0.14% |
1,470,991
+61,620
| +4% | +$6.1M |
|
147
Vanguard Real Estate ETF
VNQ
$40B
| $138M | 0.13% |
1,721,316
-60,846
| -3% | -$5.69M |
|
148
ARK Innovation ETF
ARKK
$5.74B
| $137M | 0.13% |
3,627,965
+30,165
| +0.8% | +$1.34M |
|
149
Bank of America
BAC
$439B
| $136M | 0.13% |
4,507,998
+237,230
| +6% | +$7.93M |
|
150
iShares Broad USD High Yield Corporate Bond ETF
USHY
$29.2B
| $136M | 0.13% |
4,038,485
-372,353
| -8% | -$13.2M |
|
Similar funds
LPL Financial's Q3 2022 Portfolio in Review
As of Q3 2022, LPL Financial held 4,600 positions worth $104B, down 1.5% from $105B the previous quarter. Its ten largest holdings account for 18% of the portfolio.
LPL Financial deployed $4.57B of net new capital in Q3 2022, opening 186 new positions and adding to 2,380 existing holdings. Its largest new stake was CCM Affordable Housing MBS ETF: 315,165 shares worth $5.32M.
By sector, the portfolio is most concentrated in Technology at 5.5% of assets, down from 5.7% a quarter earlier, followed by Healthcare and Financials.
On the sell side, the largest reduction was State Street Blackstone Senior Loan ETF, an estimated $392M trimmed.
- LPL Financial's largest Q3 2022 buy was CCM Affordable Housing MBS ETF: 315,165 shares worth $5.32M.
- LPL Financial added most to iShares Core S&P Small-Cap ETF in Q3 2022, an estimated $570M increase.
- LPL Financial's biggest Q3 2022 reduction was State Street Blackstone Senior Loan ETF, cutting an estimated $392M.
- LPL Financial fully exited Global X MSCI China Consumer Staples ETF in Q3 2022, selling an estimated $8.9M.
- LPL Financial's ten largest holdings make up 18% of its $104B portfolio in Q3 2022.
- LPL Financial opened 186 new positions and closed 183 in Q3 2022.
- LPL Financial's portfolio value fell 1.5% quarter-over-quarter to $104B.
Based on LPL Financial's 13F filing for Q3 2022, filed 14 Nov 2022.