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 | |
|---|---|---|---|---|---|---|
1901
PBF Energy
PBF
$8.57B
| $2.55M | ﹤0.01% |
62,635
-4,389
| -7% | -$182K |
|
1902
iShares iBonds Dec 2028 Term Muni Bond ETF
IBMQ
$658M
| $2.55M | ﹤0.01% |
101,680
+38,990
| +62% | +$962K |
|
1903
Antero Midstream
AM
$10.4B
| $2.55M | ﹤0.01% |
236,193
+2,588
| +1% | +$27.5K |
|
1904
Carlyle Group
CG
$16.6B
| $2.54M | ﹤0.01% |
85,055
-11,026
| -11% | -$315K |
|
1905
State Street SPDR S&P China ETF
GXC
$462M
| $2.53M | ﹤0.01% |
32,328
-11,189
| -26% | -$811K |
|
1906
RH Tactical Outlook ETF
RHTX
$7.89M
| $2.52M | ﹤0.01% |
197,081
+9,970
| +5% | +$128K |
|
1907
Vistra
VST
$50B
| $2.52M | ﹤0.01% |
108,652
-5,416
| -5% | -$125K |
|
|
PLL
1908
DELISTED
Piedmont Lithium
PLL
| $2.52M | ﹤0.01% |
57,136
+399
| +0.7% | +$22.1K |
|
1909
Pultegroup
PHM
$24.1B
| $2.51M | ﹤0.01% |
55,150
+6,276
| +13% | +$264K |
|
1910
iShares MSCI Netherlands ETF
EWN
$571M
| $2.51M | ﹤0.01% |
67,424
+59,022
| +702% | +$2.09M |
|
1911
Inspire Corporate Bond ETF
IBD
$481M
| $2.51M | ﹤0.01% |
108,948
+21,792
| +25% | +$497K |
|
1912
JPMorgan International Bond Opportunities ETF
JPIB
$2.1B
| $2.5M | ﹤0.01% |
54,456
+34,509
| +173% | +$1.56M |
|
1913
Invesco Dorsey Wright Consumer Staples Momentum ETF
PSL
$84.8M
| $2.5M | ﹤0.01% |
30,292
+4,448
| +17% | +$366K |
|
1914
iShares US Small Cap Value Factor ETF
SVAL
$201M
| $2.5M | ﹤0.01% |
88,828
-18,588
| -17% | -$531K |
|
1915
Camping World
CWH
$639M
| $2.5M | ﹤0.01% |
111,943
+30,417
| +37% | +$789K |
|
1916
Invesco FTSE RAFI Emerging Markets ETF
PXH
$1.94B
| $2.5M | ﹤0.01% |
141,663
+34,133
| +32% | +$581K |
|
1917
Barings BDC
BBDC
$864M
| $2.5M | ﹤0.01% |
306,226
+22,124
| +8% | +$192K |
|
1918
SPS Commerce
SPSC
$2.64B
| $2.49M | ﹤0.01% |
19,883
+865
| +5% | +$111K |
|
1919
First Trust Exchange-Traded Fund IV First Trust High Income Strategic Focus ETF
HISF
$98.4M
| $2.49M | ﹤0.01% |
56,601
-6,087
| -10% | -$267K |
|
|
ORAN
1920
DELISTED
Orange
ORAN
| $2.49M | ﹤0.01% |
251,867
+127,663
| +103% | +$1.23M |
|
1921
Invesco Dorsey Wright Industrials Momentum ETF
PRN
$416M
| $2.48M | ﹤0.01% |
28,712
-11,439
| -28% | -$1M |
|
1922
First American
FAF
$7.66B
| $2.47M | ﹤0.01% |
47,164
-24,965
| -35% | -$1.26M |
|
1923
Helen of Troy
HELE
$644M
| $2.47M | ﹤0.01% |
22,250
-1,930
| -8% | -$188K |
|
1924
WEX
WEX
$6.37B
| $2.47M | ﹤0.01% |
15,201
+2,326
| +18% | +$362K |
|
1925
State Street SPDR Global Dow ETF
DGT
$615M
| $2.47M | ﹤0.01% |
24,413
-2,589
| -10% | -$252K |
|
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.