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 | |
|---|---|---|---|---|---|---|
2101
Henry Schein
HSIC
$9.84B
| $1.93M | ﹤0.01% |
24,098
+880
| +4% | +$66.6K |
|
2102
First Trust Nasdaq Transportation ETF
FTXR
$1.06B
| $1.92M | ﹤0.01% |
76,294
-7,555
| -9% | -$196K |
|
2103
DT Midstream
DTM
$13.8B
| $1.92M | ﹤0.01% |
34,792
-1,127
| -3% | -$64.4K |
|
2104
VanEck Oil Refiners ETF
CRAK
$241M
| $1.92M | ﹤0.01% |
61,421
-387
| -0.6% | -$12K |
|
|
IBDD
2105
DELISTED
iShares iBonds Mar 2023 Term Corporate ETF
IBDD
| $1.91M | ﹤0.01% |
72,079
+2,373
| +3% | +$62.8K |
|
|
ETJ
2106
Eaton Vance Risk-Managed Diversified Equity Income Fund
ETJ
$569M
| $1.9M | ﹤0.01% |
253,584
+1,593
| +0.6% | +$13K |
|
2107
Range Resources
RRC
$9.36B
| $1.9M | ﹤0.01% |
75,972
+350
| +0.5% | +$9.58K |
|
2108
Manhattan Associates
MANH
$11.1B
| $1.9M | ﹤0.01% |
16,056
+1,213
| +8% | +$149K |
|
|
TVRD
2109
Tvardi Therapeutics
TVRD
$18.9M
| $1.89M | ﹤0.01% |
4,885
-62
| -1% | -$23.5K |
|
|
ATCO
2110
DELISTED
Atlas Corp.
ATCO
| $1.89M | ﹤0.01% |
122,997
-2,809
| -2% | -$42.4K |
|
2111
Crown Holdings
CCK
$13B
| $1.88M | ﹤0.01% |
22,924
-3,357
| -13% | -$268K |
|
2112
Invesco S&P International Developed Momentum ETF
IDMO
$4.11B
| $1.88M | ﹤0.01% |
59,477
+23,616
| +66% | +$710K |
|
2113
EXL Service
EXLS
$5.24B
| $1.88M | ﹤0.01% |
56,690
-19,170
| -25% | -$666K |
|
2114
Kite Realty
KRG
$5.75B
| $1.88M | ﹤0.01% |
89,152
-4,103
| -4% | -$83.6K |
|
2115
iShares iBonds 2026 Term High Yield and Income ETF
IBHF
$807M
| $1.88M | ﹤0.01% |
83,904
+60,532
| +259% | +$1.35M |
|
2116
CNX Resources
CNX
$5.32B
| $1.88M | ﹤0.01% |
111,355
-1,813
| -2% | -$31.3K |
|
2117
Invesco Bloomberg MVP Multi-factor ETF
BMVP
$105M
| $1.87M | ﹤0.01% |
54,105
+2,022
| +4% | +$71.3K |
|
2118
Pan American Silver
PAAS
$18.2B
| $1.87M | ﹤0.01% |
114,691
+26,649
| +30% | +$426K |
|
2119
Murphy Oil
MUR
$5.63B
| $1.87M | ﹤0.01% |
43,549
+2,960
| +7% | +$133K |
|
2120
iShares Latin America 40 ETF
ILF
$3.82B
| $1.87M | ﹤0.01% |
81,694
+16,086
| +25% | +$400K |
|
2121
Everest Group
EG
$14.5B
| $1.87M | ﹤0.01% |
5,642
+367
| +7% | +$114K |
|
2122
Hess Midstream
HESM
$5.29B
| $1.87M | ﹤0.01% |
62,373
+2,268
| +4% | +$64.8K |
|
2123
Tanger
SKT
$4.66B
| $1.86M | ﹤0.01% |
103,872
+7,055
| +7% | +$127K |
|
2124
Snap
SNAP
$8.33B
| $1.86M | ﹤0.01% |
208,166
+10,634
| +5% | +$105K |
|
2125
NetEase
NTES
$84.6B
| $1.86M | ﹤0.01% |
25,640
-609
| -2% | -$41.4K |
|
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.