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 | |
|---|---|---|---|---|---|---|
|
PBT
2001
Permian Basin Royalty Trust
PBT
$1.38B
| $2.21M | ﹤0.01% |
87,777
+1,403
| +2% | +$29K |
|
2002
JPMorgan BetaBuilders Developed Asia Pacific-ex Japan ETF
BBAX
$6.69B
| $2.21M | ﹤0.01% |
45,183
+4,610
| +11% | +$214K |
|
|
THW
2003
abrdn World Healthcare Fund
THW
$536M
| $2.21M | ﹤0.01% |
150,571
+2,678
| +2% | +$37.8K |
|
2004
Ally Financial
ALLY
$13.2B
| $2.21M | ﹤0.01% |
90,213
-44,787
| -33% | -$1.19M |
|
2005
BlackRock Income Trust
BKT
$330M
| $2.2M | ﹤0.01% |
177,990
-6,514
| -4% | -$80.4K |
|
2006
Sumitomo Mitsui Financial
SMFG
$164B
| $2.2M | ﹤0.01% |
273,844
+43,764
| +19% | +$279K |
|
|
HPI
2007
John Hancock Preferred Income Fund
HPI
$430M
| $2.2M | ﹤0.01% |
136,781
-2,171
| -2% | -$34.6K |
|
|
PMT
2008
PennyMac Mortgage Investment
PMT
$822M
| $2.19M | ﹤0.01% |
176,769
-1,956
| -1% | -$26.6K |
|
|
EHI
2009
Western Asset Global High Income Fund
EHI
$175M
| $2.18M | ﹤0.01% |
321,272
+40,851
| +15% | +$284K |
|
|
ONEM
2010
DELISTED
1Life Healthcare
ONEM
| $2.18M | ﹤0.01% |
130,512
+70,908
| +119% | +$1.2M |
|
2011
iShares GNMA Bond ETF
GNMA
$421M
| $2.18M | ﹤0.01% |
50,121
-7,163
| -13% | -$311K |
|
2012
VanEck Mortgage REIT Income ETF
MORT
$376M
| $2.18M | ﹤0.01% |
186,558
-37,715
| -17% | -$453K |
|
2013
Kimbell Royalty Partners
KRP
$1.48B
| $2.17M | ﹤0.01% |
129,974
+11,871
| +10% | +$209K |
|
2014
NetApp
NTAP
$35B
| $2.17M | ﹤0.01% |
36,115
+1,016
| +3% | +$67.3K |
|
2015
Invesco DB Oil Fund
DBO
$403M
| $2.17M | ﹤0.01% |
142,470
-13,677
| -9% | -$218K |
|
2016
Goodyear
GT
$2B
| $2.16M | ﹤0.01% |
212,955
-16,455
| -7% | -$180K |
|
2017
Advanced Energy
AEIS
$11.6B
| $2.16M | ﹤0.01% |
25,131
+963
| +4% | +$80.9K |
|
2018
WesBanco
WSBC
$3.97B
| $2.16M | ﹤0.01% |
58,285
+3,715
| +7% | +$143K |
|
|
DOC
2019
DELISTED
PHYSICIANS REALTY TRUST
DOC
| $2.15M | ﹤0.01% |
148,558
-57,422
| -28% | -$834K |
|
|
SBNY
2020
DELISTED
Signature Bank
SBNY
| $2.15M | ﹤0.01% |
18,625
-339
| -2% | -$46.6K |
|
2021
iShares Global Comm Services ETF
IXP
$529M
| $2.14M | ﹤0.01% |
39,369
-25,541
| -39% | -$1.38M |
|
2022
Medpace
MEDP
$16.1B
| $2.14M | ﹤0.01% |
10,198
+1,230
| +14% | +$246K |
|
2023
JPMorgan BetaBuilders US Aggregate Bond ETF
BBAG
$1.02B
| $2.14M | ﹤0.01% |
46,800
+186
| +0.4% | +$8.49K |
|
2024
Tortoise North American Pipeline ETF
TPYP
$875M
| $2.14M | ﹤0.01% |
86,526
+1,171
| +1% | +$29.3K |
|
2025
iShares ESG Advanced MSCI EAFE ETF
DMXF
$992M
| $2.13M | ﹤0.01% |
39,328
+7,592
| +24% | +$393K |
|
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.