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 | |
|---|---|---|---|---|---|---|
201
Blackstone
BX
$103B
| $108M | 0.09% |
853,864
+1,493
| +0.2% | +$182K |
|
202
Union Pacific
UNP
$173B
| $107M | 0.09% |
392,355
+84,901
| +28% | +$21.4M |
|
203
VictoryShares US EQ Income Enhanced Volatility Wtd ETF
CDC
$756M
| $107M | 0.09% |
1,485,756
+180,479
| +14% | +$12.6M |
|
204
Starbucks
SBUX
$118B
| $106M | 0.09% |
1,164,688
-45,024
| -4% | -$4.25M |
|
205
iShares Russell Mid-Cap Value ETF
IWS
$15.7B
| $106M | 0.09% |
885,254
-404
| -0% | -$47.6K |
|
206
Advanced Micro Devices
AMD
$702B
| $106M | 0.09% |
967,036
+164,595
| +21% | +$19.6M |
|
207
iShares Russell 2000 Value ETF
IWN
$14.4B
| $106M | 0.09% |
654,545
-39,280
| -6% | -$6.26M |
|
208
iShares iBoxx $ High Yield Corporate Bond ETF
HYG
$15.8B
| $105M | 0.09% |
1,279,185
-229,300
| -15% | -$19.2M |
|
|
209
iShares JPMorgan USD Emerging Markets Bond ETF
EMB
$15B
| $104M | 0.09% |
1,066,956
-3,685,761
| -78% | -$373M |
|
210
First Trust Smith Unconstrained Bond ETF
UCON
$3.27B
| $104M | 0.09% |
4,083,582
+1,081,658
| +36% | +$28M |
|
211
Lowe's Companies
LOW
$122B
| $103M | 0.09% |
510,852
-521
| -0.1% | -$120K |
|
212
Invesco Preferred ETF
PGX
$3.8B
| $103M | 0.09% |
7,581,303
-939,394
| -11% | -$13.1M |
|
213
Invesco S&P 500 Top 50 ETF
XLG
$10.3B
| $102M | 0.09% |
2,903,530
+571,710
| +25% | +$19.7M |
|
214
Southern Company
SO
$109B
| $101M | 0.09% |
1,386,866
+46,747
| +3% | +$3.17M |
|
215
Global X US Infrastructure Development ETF
PAVE
$13.7B
| $100M | 0.09% |
3,543,876
-510,814
| -13% | -$13.9M |
|
216
First Trust Financials AlphaDEX Fund
FXO
$1.15B
| $99.2M | 0.09% |
2,161,546
+237,264
| +12% | +$10.9M |
|
217
Schwab US Large- Cap ETF
SCHX
$70.7B
| $99.2M | 0.09% |
5,527,185
-799,863
| -13% | -$14.2M |
|
218
VictoryShares US 500 Enhanced Volatility Wtd ETF
CFO
$419M
| $98.9M | 0.09% |
1,336,251
+8,307
| +0.6% | +$608K |
|
219
First Trust Large Cap Growth AlphaDEX Fund
FTC
$1.28B
| $98.6M | 0.08% |
924,476
-3,800
| -0.4% | -$401K |
|
220
State Street SPDR Portfolio Mortgage Backed Bond ETF
SPMB
$6.98B
| $98.5M | 0.08% |
4,109,462
+122,621
| +3% | +$3.02M |
|
221
iShares S&P Mid-Cap 400 Value ETF
IJJ
$8.86B
| $98.3M | 0.08% |
896,423
-334,767
| -27% | -$36.1M |
|
222
First Trust Cloud Computing ETF
SKYY
$2.84B
| $98.2M | 0.08% |
1,085,108
-108,196
| -9% | -$9.73M |
|
223
Comcast
CMCSA
$87.2B
| $97.9M | 0.08% |
2,090,569
+122,259
| +6% | +$5.89M |
|
224
VanEck Semiconductor ETF
SMH
$61.7B
| $97.8M | 0.08% |
725,288
+39,618
| +6% | +$5.43M |
|
225
IBM
IBM
$213B
| $96.1M | 0.08% |
738,780
+55,980
| +8% | +$7.3M |
|
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.