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 | |
|---|---|---|---|---|---|---|
151
State Street SPDR Bloomberg 1-3 Month T-Bill ETF
BIL
$47.1B
| $150M | 0.13% |
1,635,867
+897,281
| +121% | +$82M |
|
152
Salesforce
CRM
$150B
| $148M | 0.13% |
698,177
-3,800
| -0.5% | -$818K |
|
153
McDonald's
MCD
$193B
| $148M | 0.13% |
598,991
+14,614
| +3% | +$3.64M |
|
|
HDV
154
iShares Core High Dividend ETF
HDV
$14.8B
| $148M | 0.13% |
6,919,630
+484,030
| +8% | +$10M |
|
155
Goldman Sachs Access US Aggregate Bond ETF
GCOR
$793M
| $148M | 0.13% |
3,245,223
+1,011,743
| +45% | +$47.4M |
|
156
United Parcel Service
UPS
$89.1B
| $148M | 0.13% |
689,949
+41,325
| +6% | +$8.78M |
|
157
iShares Russell Mid-Cap ETF
IWR
$56.2B
| $146M | 0.13% |
1,872,371
-51,005
| -3% | -$3.93M |
|
158
Vanguard Short-Term Inflation-Protected Securities Index Fund
VTIP
$19.1B
| $142M | 0.12% |
2,776,717
+1,090,402
| +65% | +$55.9M |
|
159
First Trust Dorsey Wright Focus 5 ETF
FV
$3.6B
| $141M | 0.12% |
2,967,071
+148,101
| +5% | +$7.04M |
|
160
Caterpillar
CAT
$370B
| $141M | 0.12% |
634,277
+3,051
| +0.5% | +$640K |
|
161
iShares MSCI USA Momentum Factor ETF
MTUM
$24B
| $141M | 0.12% |
836,867
-280,885
| -25% | -$46.2M |
|
162
State Street SPDR Portfolio Long Term Treasury ETF
SPTL
$10.6B
| $137M | 0.12% |
3,615,700
+1,286,313
| +55% | +$50.7M |
|
163
State Street SPDR Portfolio Short Term Corporate Bond ETF
SPSB
$10.4B
| $136M | 0.12% |
4,502,078
+1,643,532
| +57% | +$50.1M |
|
164
First Trust NASDAQ Cybersecurity ETF
CIBR
$13.9B
| $136M | 0.12% |
2,553,938
+269,260
| +12% | +$13.2M |
|
165
CVS Health
CVS
$138B
| $135M | 0.12% |
1,335,458
+45,544
| +4% | +$4.78M |
|
166
AT&T
T
$168B
| $135M | 0.12% |
7,557,998
+371,985
| +5% | +$6.88M |
|
167
Invesco S&P 500 Quality ETF
SPHQ
$19.1B
| $135M | 0.12% |
2,695,448
+88,792
| +3% | +$4.47M |
|
168
Schwab US Large-Cap Growth ETF
SCHG
$58.5B
| $134M | 0.12% |
7,161,424
-78,848
| -1% | -$1.44M |
|
169
Netflix
NFLX
$300B
| $134M | 0.12% |
3,572,840
+343,630
| +11% | +$14.3M |
|
170
Global X NASDAQ-100 Covered Call ETF
QYLD
$7.92B
| $133M | 0.11% |
6,328,563
+1,233,247
| +24% | +$25.5M |
|
171
RTX Corp
RTX
$294B
| $131M | 0.11% |
1,326,407
+123,867
| +10% | +$11.7M |
|
172
iShares Treasury Floating Rate Bond ETF
TFLO
$6.54B
| $131M | 0.11% |
2,606,654
+1,634,681
| +168% | +$82.2M |
|
173
Vanguard Total International Stock ETF
VXUS
$151B
| $129M | 0.11% |
2,159,297
-63,802
| -3% | -$3.88M |
|
174
Vanguard Russell 1000 Growth ETF
VONG
$41.5B
| $129M | 0.11% |
1,801,767
+44,216
| +3% | +$3.1M |
|
175
Vanguard Mid-Cap Value ETF
VOE
$24.1B
| $126M | 0.11% |
839,242
+49,344
| +6% | +$7.26M |
|
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.