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 | |
|---|---|---|---|---|---|---|
1876
JPMorgan BetaBuilders USD Investment Grade Corporate Bond ETF
BBCB
$45.5M
| $2.62M | ﹤0.01% |
+58,848
| New | +$2.6M |
|
1877
Direxion Auspice Broad Commodity Strategy ETF
COM
$205M
| $2.62M | ﹤0.01% |
88,996
+6,400
| +8% | +$191K |
|
1878
HealthEquity
HQY
$8.41B
| $2.62M | ﹤0.01% |
42,607
+1,363
| +3% | +$91.6K |
|
1879
Bio-Techne
TECH
$11.2B
| $2.62M | ﹤0.01% |
31,701
+1,857
| +6% | +$147K |
|
1880
Invesco
IVZ
$13.1B
| $2.62M | ﹤0.01% |
145,404
-85,139
| -37% | -$1.46M |
|
1881
Ares Management
ARES
$28.9B
| $2.61M | ﹤0.01% |
38,164
+2,460
| +7% | +$177K |
|
1882
Alexandria Real Estate Equities
ARE
$8.97B
| $2.61M | ﹤0.01% |
17,919
+675
| +4% | +$97.6K |
|
1883
ING
ING
$99.8B
| $2.61M | ﹤0.01% |
214,456
+7,098
| +3% | +$77.1K |
|
|
DIAX
1884
DELISTED
Nuveen Dow 30SM Dynamic Overwrite Fund
DIAX
| $2.61M | ﹤0.01% |
168,076
+11,808
| +8% | +$179K |
|
1885
Hartford Multifactor Small Cap ETF
ROSC
$61.5M
| $2.61M | ﹤0.01% |
73,012
+5,424
| +8% | +$196K |
|
1886
Cenovus Energy
CVE
$55.7B
| $2.59M | ﹤0.01% |
133,612
+1,852
| +1% | +$35.5K |
|
|
RCS
1887
PIMCO Strategic Income Fund
RCS
$244M
| $2.59M | ﹤0.01% |
524,635
-34,144
| -6% | -$174K |
|
1888
iShares Agency Bond ETF
AGZ
$564M
| $2.59M | ﹤0.01% |
24,338
+86
| +0.4% | +$9.15K |
|
1889
iShares International Small Cap Equity Factor ETF
ISCF
$659M
| $2.59M | ﹤0.01% |
86,196
+2,670
| +3% | +$77K |
|
1890
First Trust Exchange-Traded Fund VI First Trust Hedged BuyWrite Income ETF
FTQI
$919M
| $2.59M | ﹤0.01% |
143,300
+49,997
| +54% | +$919K |
|
1891
VictoryShares US Multi-Factor Minimum Volatility ETF
VSMV
$155M
| $2.58M | ﹤0.01% |
67,718
-2,444
| -3% | -$92.5K |
|
1892
VanEck Long Muni ETF
MLN
$677M
| $2.58M | ﹤0.01% |
147,896
-10,493
| -7% | -$180K |
|
1893
Fluor
FLR
$7.01B
| $2.58M | ﹤0.01% |
74,429
-9,664
| -11% | -$309K |
|
1894
JD.com
JD
$44.6B
| $2.58M | ﹤0.01% |
45,933
-16,858
| -27% | -$848K |
|
1895
Nuveen S&P 500 Dynamic Overwrite Fund
SPXX
$332M
| $2.58M | ﹤0.01% |
159,881
+3,495
| +2% | +$58.1K |
|
1896
NiSource
NI
$21.3B
| $2.57M | ﹤0.01% |
93,853
+18,587
| +25% | +$488K |
|
1897
Compass Minerals
CMP
$1.23B
| $2.57M | ﹤0.01% |
62,761
+7,274
| +13% | +$301K |
|
1898
Celanese
CE
$4.9B
| $2.57M | ﹤0.01% |
25,124
+207
| +0.8% | +$20.5K |
|
1899
Apple Hospitality REIT
APLE
$3.9B
| $2.56M | ﹤0.01% |
162,093
+2,202
| +1% | +$35.5K |
|
1900
FirstCash
FCFS
$8.85B
| $2.56M | ﹤0.01% |
29,270
+403
| +1% | +$35.7K |
|
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.