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 | |
|---|---|---|---|---|---|---|
1951
Assured Guaranty
AGO
$3.66B
| $2.35M | ﹤0.01% |
37,812
-4,093
| -10% | -$243K |
|
|
SJI
1952
DELISTED
South Jersey Industries, Inc.
SJI
| $2.34M | ﹤0.01% |
65,996
-3,963
| -6% | -$137K |
|
1953
Cal-Maine
CALM
$4.12B
| $2.33M | ﹤0.01% |
42,879
+13,302
| +45% | +$769K |
|
1954
United States Copper Index Fund
CPER
$765M
| $2.33M | ﹤0.01% |
101,043
+50,662
| +101% | +$1.11M |
|
1955
Fair Isaac
FICO
$24.3B
| $2.33M | ﹤0.01% |
3,897
+228
| +6% | +$120K |
|
1956
First Trust NASDAQ 100 ex-Technology Sector Index Fund
QQXT
$155M
| $2.33M | ﹤0.01% |
30,561
+11,262
| +58% | +$858K |
|
1957
ProShares S&P Technology Dividend Aristocrats ETF
TDV
$271M
| $2.33M | ﹤0.01% |
42,119
-2,011
| -5% | -$112K |
|
1958
Repligen
RGEN
$7.96B
| $2.33M | ﹤0.01% |
14,159
-80
| -0.6% | -$14.5K |
|
1959
HSBC
HSBC
$365B
| $2.32M | ﹤0.01% |
74,364
+976
| +1% | +$27.7K |
|
1960
Franklin US Core Dividend Tilt Index ETF
UDIV
$138M
| $2.32M | ﹤0.01% |
76,946
+14,261
| +23% | +$435K |
|
1961
InfraCap REIT Preferred ETF
PFFR
$119M
| $2.31M | ﹤0.01% |
138,186
+5,015
| +4% | +$84.8K |
|
1962
Global X MSCI China Consumer Discretionary ETF
CHIQ
$133M
| $2.31M | ﹤0.01% |
114,620
+91,856
| +404% | +$1.67M |
|
1963
State Street SPDR S&P Emerging Markets Dividend ETF
EDIV
$1.22B
| $2.31M | ﹤0.01% |
96,256
+1,487
| +2% | +$34.3K |
|
1964
Pentair
PNR
$10.4B
| $2.31M | ﹤0.01% |
51,351
-1,109
| -2% | -$48.2K |
|
1965
Nuveen Preferred & Income Opportunities Fund
JPC
$2.89B
| $2.31M | ﹤0.01% |
317,029
+54,833
| +21% | +$398K |
|
|
WCN
1966
Waste Connections
WCN
$42.2B
| $2.31M | ﹤0.01% |
17,403
+92
| +0.5% | +$12.5K |
|
1967
ChargePoint
CHPT
$141M
| $2.3M | ﹤0.01% |
12,091
+357
| +3% | +$86.8K |
|
1968
Newell Brands
NWL
$2.38B
| $2.3M | ﹤0.01% |
176,075
+72,617
| +70% | +$992K |
|
1969
DigitalOcean
DOCN
$13.7B
| $2.3M | ﹤0.01% |
90,404
+44,544
| +97% | +$1.39M |
|
|
HQL
1970
abrdn Life Sciences Investors
HQL
$581M
| $2.3M | ﹤0.01% |
161,888
-35,029
| -18% | -$507K |
|
1971
Reinsurance Group of America
RGA
$15.5B
| $2.3M | ﹤0.01% |
16,184
+628
| +4% | +$87.7K |
|
|
IGR
1972
CBRE Global Real Estate Income Fund
IGR
$709M
| $2.3M | ﹤0.01% |
400,770
+83,284
| +26% | +$491K |
|
|
PHK
1973
PIMCO High Income Fund
PHK
$867M
| $2.3M | ﹤0.01% |
485,477
-12,497
| -3% | -$60.1K |
|
1974
Invesco BulletShares 2029 Corporate Bond ETF
BSCT
$2.91B
| $2.29M | ﹤0.01% |
129,050
+103,480
| +405% | +$1.83M |
|
1975
Renasant Corp
RNST
$3.98B
| $2.27M | ﹤0.01% |
60,482
+1,018
| +2% | +$38.5K |
|
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.