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 | |
|---|---|---|---|---|---|---|
1901
STAG Industrial
STAG
$7.38B
| $2.22M | ﹤0.01% |
78,079
+4,047
| +5% | +$128K |
|
|
FLG
1902
Flagstar Bank National Association
FLG
$5.93B
| $2.22M | ﹤0.01% |
86,741
+8,915
| +11% | +$262K |
|
1903
Tapestry
TPR
$30.8B
| $2.22M | ﹤0.01% |
78,059
-2,611
| -3% | -$87.3K |
|
1904
BlackRock MuniHoldings California Quality Fund
MUC
$996M
| $2.22M | ﹤0.01% |
206,526
+29,170
| +16% | +$352K |
|
1905
Ares Management
ARES
$28.9B
| $2.21M | ﹤0.01% |
35,704
-835
| -2% | -$58.4K |
|
1906
Campbell Soup
CPB
$6.55B
| $2.21M | ﹤0.01% |
46,884
-2,437
| -5% | -$120K |
|
1907
ResMed
RMD
$30.6B
| $2.21M | ﹤0.01% |
10,115
-326
| -3% | -$74.2K |
|
1908
PIMCO Enhanced Short Maturity Active ESG ETF
EMNT
$212M
| $2.21M | ﹤0.01% |
22,472
+2,999
| +15% | +$295K |
|
1909
Invesco BulletShares 2028 Corporate Bond ETF
BSCS
$3.56B
| $2.21M | ﹤0.01% |
115,311
+75,699
| +191% | +$1.52M |
|
|
ACV
1910
Virtus Diversified Income & Convertible Fund
ACV
$278M
| $2.2M | ﹤0.01% |
125,343
+6,405
| +5% | +$136K |
|
1911
iShares International Small Cap Equity Factor ETF
ISCF
$659M
| $2.19M | ﹤0.01% |
83,526
+2,453
| +3% | +$71.6K |
|
1912
Hartford Multifactor Small Cap ETF
ROSC
$61.5M
| $2.19M | ﹤0.01% |
67,588
-629
| -0.9% | -$22.5K |
|
1913
BNY Mellon US Small Cap Core Equity ETF
BKSE
$85.9M
| $2.18M | ﹤0.01% |
90,483
+8,643
| +11% | +$231K |
|
1914
Royal Gold
RGLD
$16.8B
| $2.18M | ﹤0.01% |
23,260
-13,318
| -36% | -$1.32M |
|
1915
JPMorgan Inflation Managed Bond ETF
JCPI
$869M
| $2.18M | ﹤0.01% |
47,969
-3,234
| -6% | -$156K |
|
1916
ICF International
ICFI
$1.46B
| $2.17M | ﹤0.01% |
19,942
-202
| -1% | -$20.3K |
|
1917
NetApp
NTAP
$35B
| $2.17M | ﹤0.01% |
35,099
-10,134
| -22% | -$705K |
|
1918
ALPS Equal Sector Weight ETF
EQL
$757M
| $2.17M | ﹤0.01% |
73,632
-1,794
| -2% | -$58.4K |
|
1919
B&G Foods
BGS
$287M
| $2.16M | ﹤0.01% |
131,117
-6,982
| -5% | -$155K |
|
1920
Nuveen California Quality Municipal Income Fund
NAC
$1.83B
| $2.16M | ﹤0.01% |
196,824
+37,946
| +24% | +$461K |
|
1921
GXO Logistics
GXO
$5.77B
| $2.16M | ﹤0.01% |
61,551
+9,602
| +18% | +$424K |
|
1922
Okta
OKTA
$24.7B
| $2.16M | ﹤0.01% |
37,922
+3,533
| +10% | +$304K |
|
1923
Yeti Holdings
YETI
$3.71B
| $2.15M | ﹤0.01% |
75,250
+15,868
| +27% | +$661K |
|
1924
Antero Midstream
AM
$10.4B
| $2.14M | ﹤0.01% |
233,605
+27,411
| +13% | +$270K |
|
|
GRMN
1925
Garmin
GRMN
$56.7B
| $2.14M | ﹤0.01% |
26,691
+854
| +3% | +$80.7K |
|
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.