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 | |
|---|---|---|---|---|---|---|
151
Eli Lilly
LLY
$1.09T
| $152M | 0.13% |
415,335
+38,686
| +10% | +$13.7M |
|
152
Boeing
BA
$175B
| $152M | 0.13% |
795,332
+33,755
| +4% | +$5.52M |
|
153
iShares Broad USD High Yield Corporate Bond ETF
USHY
$29.2B
| $151M | 0.13% |
4,384,877
+346,392
| +9% | +$12M |
|
154
Meta Platforms (Facebook)
META
$1.51T
| $151M | 0.13% |
1,254,782
-218,354
| -15% | -$25.6M |
|
155
Bank of America
BAC
$439B
| $150M | 0.13% |
4,539,755
+31,757
| +0.7% | +$1.09M |
|
156
Dimensional World ex US Core Equity 2 ETF
DFAX
$11.7B
| $150M | 0.13% |
6,937,089
+25,734
| +0.4% | +$535K |
|
157
Amgen
AMGN
$212B
| $149M | 0.13% |
568,512
-4,291
| -0.7% | -$1.15M |
|
158
iShares iBoxx $ Investment Grade Corporate Bond ETF
LQD
$34.5B
| $149M | 0.13% |
1,409,376
-216,777
| -13% | -$22.7M |
|
159
First Trust SMID Cap Rising Dividend Achievers ETF
SDVY
$11.7B
| $148M | 0.13% |
5,697,011
+717,300
| +14% | +$18.6M |
|
160
Invesco S&P 500 Quality ETF
SPHQ
$19.3B
| $148M | 0.13% |
3,362,010
+75,518
| +2% | +$3.3M |
|
161
John Hancock Multifactor Mid Cap ETF
JHMM
$5.96B
| $147M | 0.13% |
3,162,861
+324,803
| +11% | +$15.1M |
|
162
Coca-Cola
KO
$380B
| $147M | 0.13% |
2,303,937
-12,732
| -0.5% | -$769K |
|
163
iShares US Medical Devices ETF
IHI
$3.14B
| $144M | 0.12% |
2,738,991
-77,750
| -3% | -$3.95M |
|
164
VanEck Morningstar Wide Moat ETF
MOAT
$11.9B
| $143M | 0.12% |
2,209,558
-525,115
| -19% | -$34.1M |
|
165
First Trust Dorsey Wright Focus 5 ETF
FV
$3.62B
| $143M | 0.12% |
3,061,438
+344,546
| +13% | +$16.1M |
|
166
iShares 10-20 Year Treasury Bond ETF
TLH
$11.1B
| $142M | 0.12% |
1,312,424
+449,401
| +52% | +$48.7M |
|
167
State Street SPDR Portfolio S&P 500 High Dividend ETF
SPYD
$7.78B
| $141M | 0.12% |
3,552,701
+590,298
| +20% | +$23.1M |
|
168
CVS Health
CVS
$140B
| $139M | 0.12% |
1,487,037
+16,046
| +1% | +$1.55M |
|
169
Vanguard Real Estate ETF
VNQ
$40B
| $138M | 0.12% |
1,677,579
-43,737
| -3% | -$3.63M |
|
170
United Parcel Service
UPS
$89.7B
| $138M | 0.12% |
792,570
+47,204
| +6% | +$8.17M |
|
171
AT&T
T
$169B
| $137M | 0.12% |
7,468,397
+349,868
| +5% | +$6.26M |
|
172
Walt Disney
DIS
$172B
| $135M | 0.12% |
1,554,538
-83,598
| -5% | -$8M |
|
173
Philip Morris
PM
$312B
| $134M | 0.11% |
1,323,898
+149,856
| +13% | +$14.1M |
|
174
PGIM Ultra Short Bond ETF
PULS
$17.7B
| $129M | 0.11% |
2,621,407
+1,401,750
| +115% | +$68.7M |
|
175
Starbucks
SBUX
$118B
| $128M | 0.11% |
1,290,409
+26,247
| +2% | +$2.48M |
|
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.