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 | |
|---|---|---|---|---|---|---|
151
State Street Consumer Discretionary Select Sector SPDR ETF
XLY
$21.9B
| $133M | 0.13% |
1,868,328
-93,044
| -5% | -$7.28M |
|
152
iShares US Medical Devices ETF
IHI
$3.14B
| $133M | 0.13% |
2,816,741
-265,090
| -9% | -$13.8M |
|
153
Invesco S&P 500 Quality ETF
SPHQ
$19.3B
| $131M | 0.13% |
3,286,492
+390,697
| +13% | +$17.1M |
|
154
Dimensional World ex US Core Equity 2 ETF
DFAX
$11.7B
| $131M | 0.13% |
6,911,355
+221,473
| +3% | +$4.7M |
|
155
Coca-Cola
KO
$380B
| $130M | 0.13% |
2,316,669
+139,713
| +6% | +$8.68M |
|
156
Amgen
AMGN
$212B
| $129M | 0.12% |
572,803
+52,882
| +10% | +$12.8M |
|
157
iShares 20+ Year Treasury Bond ETF
TLT
$43.1B
| $129M | 0.12% |
1,256,091
+319,428
| +34% | +$36M |
|
158
Global X NASDAQ-100 Covered Call ETF
QYLD
$7.99B
| $126M | 0.12% |
8,066,790
+1,667,942
| +26% | +$29.3M |
|
159
WisdomTree US LargeCap Dividend Fund
DLN
$6.29B
| $124M | 0.12% |
2,239,092
+376,321
| +20% | +$22.8M |
|
160
Vanguard Mega Cap Growth ETF
MGK
$31.8B
| $123M | 0.12% |
3,542,295
+3,115
| +0.1% | +$123K |
|
161
Broadcom
AVGO
$1.81T
| $123M | 0.12% |
2,764,020
+61,910
| +2% | +$3.16M |
|
162
Eli Lilly
LLY
$1.09T
| $122M | 0.12% |
376,649
+26,307
| +8% | +$8.33M |
|
163
John Hancock Multifactor Mid Cap ETF
JHMM
$5.96B
| $121M | 0.12% |
2,838,058
+178,615
| +7% | +$8.37M |
|
164
United Parcel Service
UPS
$89.7B
| $120M | 0.12% |
745,366
-8,108
| -1% | -$1.54M |
|
165
RTX Corp
RTX
$295B
| $120M | 0.12% |
1,470,488
+59,061
| +4% | +$5.35M |
|
166
Bristol-Myers Squibb
BMY
$130B
| $118M | 0.11% |
1,661,820
-30,252
| -2% | -$2.19M |
|
167
VictoryShares US EQ Income Enhanced Volatility Wtd ETF
CDC
$755M
| $116M | 0.11% |
1,958,562
+186,871
| +11% | +$12.4M |
|
168
First Trust SMID Cap Rising Dividend Achievers ETF
SDVY
$11.7B
| $115M | 0.11% |
4,979,711
+566,742
| +13% | +$14.4M |
|
169
Caterpillar
CAT
$387B
| $115M | 0.11% |
700,836
+64,206
| +10% | +$11.7M |
|
170
Goldman Sachs MarketBeta US Equity ETF
GSUS
$3.14B
| $115M | 0.11% |
2,356,476
+117,604
| +5% | +$6.38M |
|
171
iShares Fallen Angels USD Bond ETF
FALN
$1.63B
| $115M | 0.11% |
4,790,792
-1,229,014
| -20% | -$30.9M |
|
172
iShares MSCI USA Value Factor ETF
VLUE
$9.29B
| $112M | 0.11% |
1,373,747
-261,327
| -16% | -$24.2M |
|
173
First Trust Dorsey Wright Focus 5 ETF
FV
$3.62B
| $112M | 0.11% |
2,716,892
+39,934
| +1% | +$1.76M |
|
174
First Trust NASDAQ Cybersecurity ETF
CIBR
$14B
| $111M | 0.11% |
2,878,055
+160,226
| +6% | +$6.81M |
|
175
iShares Russell Mid-Cap Growth ETF
IWP
$19.6B
| $110M | 0.11% |
1,403,108
+144
| +0% | +$12.4K |
|
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.