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 | |
|---|---|---|---|---|---|---|
|
IBHD
1626
DELISTED
iShares iBonds 2024 Term High Yield and Income ETF
IBHD
| $3.82M | ﹤0.01% |
168,047
+22,503
| +15% | +$510K |
|
1627
EPAM Systems
EPAM
$5.51B
| $3.81M | ﹤0.01% |
11,617
-4,322
| -27% | -$1.47M |
|
1628
State Street SPDR MSCI Emerging Markets StrategicFactors ETF
QEMM
$54.5M
| $3.8M | ﹤0.01% |
71,217
+19,682
| +38% | +$1.05M |
|
1629
BrandywineGLOBAL Dynamic US Large Cap Value ETF
DVAL
$71.8M
| $3.8M | ﹤0.01% |
+332,285
| New | +$4.19M |
|
1630
Jacobs Solutions
J
$15.9B
| $3.77M | ﹤0.01% |
37,960
-587
| -2% | -$57.6K |
|
1631
Wabtec
WAB
$49.1B
| $3.76M | ﹤0.01% |
37,648
+306
| +0.8% | +$29.2K |
|
1632
BlackRock Corporate High Yield Fund
HYT
$1.36B
| $3.76M | ﹤0.01% |
429,746
+13,617
| +3% | +$119K |
|
1633
MDU Resources
MDU
$4.17B
| $3.74M | ﹤0.01% |
324,381
+88,583
| +38% | +$995K |
|
1634
Healthcare Realty
HR
$7.28B
| $3.74M | ﹤0.01% |
194,131
-8,821
| -4% | -$173K |
|
|
DPG
1635
Duff & Phelps Utility and Infrastructure Fund
DPG
$521M
| $3.74M | ﹤0.01% |
276,831
+4,439
| +2% | +$58.7K |
|
1636
ProShares Short Russell2000
RWM
$132M
| $3.74M | ﹤0.01% |
151,946
+3,513
| +2% | +$85.4K |
|
1637
TechnipFMC
FTI
$28.1B
| $3.74M | ﹤0.01% |
310,562
+128,350
| +70% | +$1.44M |
|
1638
iShares Emerging Markets Dividend ETF
DVYE
$1.22B
| $3.72M | ﹤0.01% |
154,414
+25,054
| +19% | +$599K |
|
1639
Invesco S&P 500 Equal Weight Real Estate ETF
RSPR
$106M
| $3.72M | ﹤0.01% |
120,847
+60,442
| +100% | +$1.86M |
|
1640
Cloudflare
NET
$99B
| $3.71M | ﹤0.01% |
82,036
+3,982
| +5% | +$197K |
|
1641
ALPS Equal Sector Weight ETF
EQL
$757M
| $3.7M | ﹤0.01% |
116,013
+42,381
| +58% | +$1.35M |
|
1642
Molina Healthcare
MOH
$10.2B
| $3.69M | ﹤0.01% |
11,175
-1,331
| -11% | -$452K |
|
|
TRPA
1643
Hartford AAA CLO ETF
TRPA
$103M
| $3.68M | ﹤0.01% |
97,535
+72,678
| +292% | +$2.73M |
|
1644
Entegris
ENTG
$18.1B
| $3.68M | ﹤0.01% |
56,109
+2,218
| +4% | +$163K |
|
1645
Amplify Online Retail ETF
IBUY
$111M
| $3.67M | ﹤0.01% |
94,151
-7,219
| -7% | -$294K |
|
1646
Markel Group
MKL
$23.3B
| $3.66M | ﹤0.01% |
2,780
+120
| +5% | +$148K |
|
1647
JPMorgan Diversified Return International Equity ETF
JPIN
$368M
| $3.66M | ﹤0.01% |
74,218
-12,752
| -15% | -$600K |
|
1648
Amplify Alternative Harvest ETF
MJ
$101M
| $3.65M | ﹤0.01% |
71,495
-4,543
| -6% | -$281K |
|
1649
WBI Power Factor High Dividend ETF
WBIY
$62.5M
| $3.65M | ﹤0.01% |
137,227
+5,535
| +4% | +$148K |
|
1650
Expedia Group
EXPE
$35.4B
| $3.64M | ﹤0.01% |
41,587
-2,713
| -6% | -$257K |
|
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.