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 | |
|---|---|---|---|---|---|---|
1776
US Foods
USFD
$22.2B
| $3M | ﹤0.01% |
88,131
+2,570
| +3% | +$82.2K |
|
1777
Donaldson
DCI
$10.9B
| $3M | ﹤0.01% |
50,904
-3,423
| -6% | -$196K |
|
1778
Ubiquiti
UI
$33.7B
| $2.99M | ﹤0.01% |
10,941
+144
| +1% | +$42.9K |
|
1779
Pacer Aristotle Pacific Floating Rate High Income ETF
FLRT
$657M
| $2.99M | ﹤0.01% |
66,737
+24,292
| +57% | +$1.08M |
|
1780
Vanguard ESG US Corporate Bond ETF
VCEB
$1.18B
| $2.97M | ﹤0.01% |
48,976
-460
| -0.9% | -$27.7K |
|
1781
Corpay
CPAY
$25B
| $2.97M | ﹤0.01% |
16,172
-42
| -0.3% | -$7.69K |
|
1782
Pool Corp
POOL
$6.75B
| $2.96M | ﹤0.01% |
9,806
+2,580
| +36% | +$817K |
|
|
FFC
1783
Flaherty & Crumrine Preferred and Income Securities Fund
FFC
$777M
| $2.96M | ﹤0.01% |
197,303
-15,643
| -7% | -$238K |
|
1784
BlackRock Health Sciences Trust II
BMEZ
$968M
| $2.96M | ﹤0.01% |
191,778
+19,410
| +11% | +$301K |
|
1785
RBC Bearings
RBC
$17.4B
| $2.96M | ﹤0.01% |
14,188
+366
| +3% | +$83.6K |
|
1786
iShares Morningstar Multi-Asset Income ETF
IYLD
$125M
| $2.96M | ﹤0.01% |
155,691
+8,464
| +6% | +$160K |
|
1787
Royal Gold
RGLD
$16.8B
| $2.95M | ﹤0.01% |
26,195
+2,935
| +13% | +$302K |
|
|
PFN
1788
PIMCO Income Strategy Fund II
PFN
$698M
| $2.94M | ﹤0.01% |
416,101
-10,125
| -2% | -$73.4K |
|
1789
Zions Bancorporation
ZION
$10.2B
| $2.94M | ﹤0.01% |
59,793
+40,439
| +209% | +$2.02M |
|
1790
Columbia Multi-Sector Municipal Income ETF
MUST
$593M
| $2.94M | ﹤0.01% |
145,750
-25,296
| -15% | -$502K |
|
1791
abrdn Physical Palladium Shares ETF
PALL
$618M
| $2.93M | ﹤0.01% |
88,705
-36,550
| -29% | -$1.31M |
|
|
GRMN
1792
Garmin
GRMN
$56.7B
| $2.92M | ﹤0.01% |
31,641
+4,950
| +19% | +$437K |
|
1793
ClearShares Ultra-Short Maturity ETF
OPER
$110M
| $2.91M | ﹤0.01% |
29,088
+20,264
| +230% | +$2.03M |
|
1794
Lakeland Financial Corp
LKFN
$1.56B
| $2.91M | ﹤0.01% |
39,881
-174
| -0.4% | -$13.3K |
|
1795
Pembina Pipeline
PBA
$28.4B
| $2.91M | ﹤0.01% |
85,711
-6,441
| -7% | -$216K |
|
|
FITE
1796
State Street SPDR S&P Kensho Future Security ETF
FITE
$143M
| $2.89M | ﹤0.01% |
67,295
-10,339
| -13% | -$451K |
|
1797
Jabil
JBL
$33B
| $2.89M | ﹤0.01% |
42,365
+130
| +0.3% | +$8.59K |
|
1798
MP Materials
MP
$7.36B
| $2.88M | ﹤0.01% |
118,763
-24,601
| -17% | -$745K |
|
1799
Badger Meter
BMI
$3.89B
| $2.88M | ﹤0.01% |
26,589
+13,945
| +110% | +$1.51M |
|
1800
QuantumScape Corp
QS
$3.21B
| $2.88M | ﹤0.01% |
508,032
+60,219
| +13% | +$446K |
|
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.