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 | |
|---|---|---|---|---|---|---|
176
AT&T
T
$169B
| $109M | 0.11% |
7,118,529
+734,791
| +12% | +$13.4M |
|
177
Southern Company
SO
$109B
| $109M | 0.11% |
1,605,012
+75,541
| +5% | +$5.72M |
|
178
Schwab US Large-Cap Growth ETF
SCHG
$59.1B
| $108M | 0.1% |
7,772,348
+533,868
| +7% | +$8.36M |
|
179
First Trust Dow Jones Internet Index Fund ETF
FDN
$5B
| $108M | 0.1% |
858,714
-36,463
| -4% | -$5.08M |
|
180
First Trust Smith Unconstrained Bond ETF
UCON
$3.27B
| $107M | 0.1% |
4,492,214
+26,689
| +0.6% | +$657K |
|
181
Starbucks
SBUX
$118B
| $107M | 0.1% |
1,264,162
+154,033
| +14% | +$13.1M |
|
182
PIMCO Enhanced Short Maturity Active Exchange-Traded Fund
MINT
$16.9B
| $106M | 0.1% |
1,071,907
+213,079
| +25% | +$21.1M |
|
183
State Street SPDR Portfolio S&P 500 High Dividend ETF
SPYD
$7.78B
| $105M | 0.1% |
2,962,403
+339,067
| +13% | +$13.7M |
|
184
IBM
IBM
$214B
| $104M | 0.1% |
876,119
+73,708
| +9% | +$9.67M |
|
185
Vanguard Mid-Cap Value ETF
VOE
$24.1B
| $104M | 0.1% |
851,891
+10,493
| +1% | +$1.42M |
|
186
Thermo Fisher Scientific
TMO
$214B
| $103M | 0.1% |
202,884
+7,724
| +4% | +$4.32M |
|
187
iShares US Technology ETF
IYW
$23B
| $103M | 0.1% |
1,400,520
-182,752
| -12% | -$15.5M |
|
188
iShares 0-1 Year Treasury Bond ETF
SHV
$20.8B
| $101M | 0.1% |
921,810
+316,862
| +52% | +$34.9M |
|
189
Deere & Co
DE
$173B
| $101M | 0.1% |
303,081
+16,979
| +6% | +$5.82M |
|
190
Vanguard Russell 1000 Growth ETF
VONG
$42.1B
| $99.4M | 0.1% |
1,834,107
+9,940
| +0.5% | +$601K |
|
|
SLY
191
DELISTED
SPDR S&P 600 Small Cap ETF (based on S&P SmallCap 600 Index--symbol SML)
SLY
| $99M | 0.1% |
1,307,467
+79,798
| +6% | +$6.72M |
|
192
Vanguard Long-Term Bond ETF
BLV
$5.81B
| $98.4M | 0.09% |
1,367,463
+33,967
| +3% | +$2.69M |
|
193
Duke Energy
DUK
$101B
| $97.7M | 0.09% |
1,050,033
+71,964
| +7% | +$7.73M |
|
194
iShares Short-Term National Muni Bond ETF
SUB
$11.3B
| $97.6M | 0.09% |
950,611
+157,936
| +20% | +$16.5M |
|
195
Philip Morris
PM
$312B
| $97.5M | 0.09% |
1,174,042
+79,993
| +7% | +$7.63M |
|
196
Lowe's Companies
LOW
$122B
| $96.5M | 0.09% |
513,626
-4,637
| -0.9% | -$903K |
|
197
Vanguard Large-Cap ETF
VV
$52B
| $96.3M | 0.09% |
588,877
+16,037
| +3% | +$2.92M |
|
198
Salesforce
CRM
$149B
| $96.3M | 0.09% |
669,386
-21,336
| -3% | -$3.62M |
|
|
199
State Street DoubleLine Total Return Tactical ETF
TOTL
$4.11B
| $95.6M | 0.09% |
2,378,316
-2,730,918
| -53% | -$115M |
|
200
Target
TGT
$65.5B
| $95.4M | 0.09% |
642,646
+7,072
| +1% | +$1.13M |
|
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.