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 |
Vanguard Total Stock Market ETF
VTI
|
+$757M |
| 2 |
State Street Blackstone Senior Loan ETF
SRLN
|
+$687M |
| 3 |
iShares Core S&P 500 ETF
IVV
|
+$513M |
| 4 |
iShares Core MSCI EAFE ETF
IEFA
|
+$300M |
| 5 |
iShares Core Universal USD Bond ETF
IUSB
|
+$188M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
iShares Core MSCI Emerging Markets ETF
IEMG
|
+$521M |
| 2 |
iShares Broad USD High Yield Corporate Bond ETF
USHY
|
+$436M |
| 3 |
Dimensional US Core Equity 2 ETF
DFAC
|
+$391M |
| 4 |
iShares JPMorgan USD Emerging Markets Bond ETF
EMB
|
+$373M |
| 5 |
Invesco QQQ Trust
QQQ
|
+$216M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 6.35% |
| 2 | Financials | 3.13% |
| 3 | Consumer Discretionary | 2.91% |
| 4 | Healthcare | 2.88% |
| 5 | Industrials | 2.07% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
176
John Hancock Multifactor Mid Cap ETF
JHMM
$5.9B
| $124M | 0.11% |
2,365,779
+209,422
| +10% | +$10.9M |
|
177
WisdomTree US LargeCap Dividend Fund
DLN
$6.26B
| $124M | 0.11% |
1,884,563
+226,106
| +14% | +$14.6M |
|
178
First Trust Senior Loan Fund ETF
FTSL
$2.32B
| $123M | 0.11% |
2,623,256
+680,256
| +35% | +$32.3M |
|
179
iShares S&P Small-Cap 600 Value ETF
IJS
$8.14B
| $123M | 0.11% |
1,203,243
-40,432
| -3% | -$4.12M |
|
180
Intel
INTC
$423B
| $121M | 0.1% |
2,451,161
+290,510
| +13% | +$14.4M |
|
181
Invesco Dividend Achievers ETF
PFM
$795M
| $121M | 0.1% |
3,152,008
-91,139
| -3% | -$3.47M |
|
182
NextEra Energy
NEE
$186B
| $121M | 0.1% |
1,430,455
+75,300
| +6% | +$6.03M |
|
183
Coca-Cola
KO
$385B
| $121M | 0.1% |
1,944,101
-22,432
| -1% | -$1.36M |
|
184
State Street SPDR S&P 600 Small Cap Value ETF
SLYV
$4.9B
| $120M | 0.1% |
1,436,764
+329,300
| +30% | +$27.3M |
|
185
Bristol-Myers Squibb
BMY
$130B
| $119M | 0.1% |
1,625,037
+176,074
| +12% | +$11.8M |
|
186
Vanguard Large-Cap ETF
VV
$51.7B
| $118M | 0.1% |
566,673
+17,423
| +3% | +$3.58M |
|
187
Goldman Sachs MarketBeta US Equity ETF
GSUS
$3.12B
| $116M | 0.1% |
1,872,951
+1,081,161
| +137% | +$66.2M |
|
188
Amgen
AMGN
$211B
| $116M | 0.1% |
478,205
+25,375
| +6% | +$5.83M |
|
189
Qualcomm
QCOM
$169B
| $115M | 0.1% |
754,535
+36,902
| +5% | +$6.19M |
|
190
iShares Russell 3000 ETF
IWV
$19.4B
| $115M | 0.1% |
438,856
-73,398
| -14% | -$19M |
|
191
State Street Materials Select Sector SPDR ETF
XLB
$8.7B
| $115M | 0.1% |
2,603,130
+29,768
| +1% | +$1.27M |
|
192
US Bancorp
USB
$98.8B
| $114M | 0.1% |
2,152,549
+76,656
| +4% | +$4.4M |
|
193
Vanguard Small-Cap Growth ETF
VBK
$22.8B
| $114M | 0.1% |
459,182
-13,649
| -3% | -$3.36M |
|
|
SLY
194
DELISTED
SPDR S&P 600 Small Cap ETF (based on S&P SmallCap 600 Index--symbol SML)
SLY
| $113M | 0.1% |
1,212,349
+174,251
| +17% | +$16.3M |
|
195
Deere & Co
DE
$167B
| $113M | 0.1% |
273,030
+76,932
| +39% | +$29.5M |
|
196
Vanguard Mid-Cap Growth ETF
VOT
$19B
| $113M | 0.1% |
505,326
-75,949
| -13% | -$16.8M |
|
197
First Trust SMID Cap Rising Dividend Achievers ETF
SDVY
$11.6B
| $113M | 0.1% |
4,036,681
+1,707,692
| +73% | +$49.3M |
|
198
Vanguard Long-Term Bond ETF
BLV
$5.78B
| $110M | 0.09% |
1,201,552
-51,580
| -4% | -$4.92M |
|
199
Target
TGT
$66.7B
| $110M | 0.09% |
517,899
-8,470
| -2% | -$1.83M |
|
200
Thermo Fisher Scientific
TMO
$213B
| $109M | 0.09% |
184,513
+10,896
| +6% | +$6.26M |
|
Similar funds
LPL Financial's Q1 2022 Portfolio in Review
As of Q1 2022, LPL Financial held 4,507 positions worth $116B, down 2.3% from $119B the previous quarter. Its ten largest holdings account for 19% of the portfolio.
LPL Financial's Q1 2022 filing shows 176 new, 2,291 increased, 1,601 reduced and 331 closed positions. Its largest new stake was Janus Henderson AAA CLO ETF: 212,587 shares worth $10.7M. The largest sale was iShares Core MSCI Emerging Markets ETF, an estimated $521M.
By sector, the portfolio is most concentrated in Technology at 6.3% of assets, down from 6.8% a quarter earlier, followed by Financials and Consumer Discretionary.
- LPL Financial's largest Q1 2022 buy was Janus Henderson AAA CLO ETF: 212,587 shares worth $10.7M.
- LPL Financial added most to Vanguard Total Stock Market ETF in Q1 2022, an estimated $757M increase.
- LPL Financial's biggest Q1 2022 reduction was iShares Core MSCI Emerging Markets ETF, cutting an estimated $521M.
- LPL Financial fully exited Dimensional US Core Equity 2 ETF in Q1 2022, selling an estimated $391M.
- LPL Financial's ten largest holdings make up 19% of its $116B portfolio in Q1 2022.
- LPL Financial opened 176 new positions and closed 331 in Q1 2022.
- LPL Financial's portfolio value fell 2.3% quarter-over-quarter to $116B.
Based on LPL Financial's 13F filing for Q1 2022, filed 16 May 2022.