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 |
Dimensional US Core Equity 2 ETF
DFAC
|
+$378M |
| 2 |
State Street Health Care Select Sector SPDR ETF
XLV
|
+$252M |
| 3 |
iShares Gold Trust
IAU
|
+$227M |
| 4 |
iShares MSCI Emerging Markets Min Vol Factor ETF
EEMV
|
+$226M |
| 5 |
WisdomTree Floating Rate Treasury Fund
USFR
|
+$168M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
State Street Financial Select Sector SPDR ETF
XLF
|
+$140M |
| 2 |
iShares ESG Aware MSCI EM ETF
ESGE
|
+$140M |
| 3 |
State Street Consumer Discretionary Select Sector SPDR ETF
XLY
|
+$116M |
| 4 |
iShares GSCI Commodity Dynamic Roll Strategy ETF
COMT
|
+$109M |
| 5 |
iShares Core S&P Small-Cap ETF
IJR
|
+$85M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 5.66% |
| 2 | Healthcare | 3.17% |
| 3 | Financials | 3.02% |
| 4 | Consumer Discretionary | 2.48% |
| 5 | Industrials | 2.07% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
201
Invesco S&P 500 Pure Value ETF
RPV
$1.61B
| $102M | 0.1% |
1,362,468
+247,587
| +22% | +$20.3M |
|
202
Boeing
BA
$165B
| $101M | 0.1% |
735,327
-66,407
| -8% | -$9.8M |
|
203
iShares MSCI USA Momentum Factor ETF
MTUM
$25.5B
| $99M | 0.09% |
725,926
-110,941
| -13% | -$16.3M |
|
204
Intel
INTC
$466B
| $98.8M | 0.09% |
2,642,291
+191,130
| +8% | +$8.27M |
|
205
Vanguard Large-Cap ETF
VV
$51.9B
| $98.7M | 0.09% |
572,840
+6,167
| +1% | +$1.16M |
|
|
SLY
206
DELISTED
SPDR S&P 600 Small Cap ETF (based on S&P SmallCap 600 Index--symbol SML)
SLY
| $98.3M | 0.09% |
1,227,669
+15,320
| +1% | +$1.32M |
|
207
First Trust Senior Loan Fund ETF
FTSL
$2.31B
| $96.7M | 0.09% |
2,193,754
-429,502
| -16% | -$19.8M |
|
208
iShares Convertible Bond ETF
ICVT
$7.23B
| $96.6M | 0.09% |
1,392,458
+967,775
| +228% | +$72.5M |
|
209
Vanguard Small-Cap Growth ETF
VBK
$23.2B
| $95.5M | 0.09% |
484,567
+25,385
| +6% | +$5.5M |
|
210
Comcast
CMCSA
$79.1B
| $95.4M | 0.09% |
2,432,443
+341,874
| +16% | +$14.7M |
|
211
iShares 10-20 Year Treasury Bond ETF
TLH
$11B
| $95.2M | 0.09% |
792,378
+149,325
| +23% | +$18.3M |
|
212
iShares Russell 3000 ETF
IWV
$19.5B
| $94.2M | 0.09% |
433,242
-5,614
| -1% | -$1.33M |
|
213
State Street Communication Services Select Sector SPDR ETF
XLC
$21.9B
| $93.9M | 0.09% |
1,729,993
-1,237,626
| -42% | -$74.5M |
|
214
Abbott
ABT
$180B
| $93.9M | 0.09% |
863,789
+64,208
| +8% | +$7.29M |
|
215
iShares Russell Mid-Cap Value ETF
IWS
$15.7B
| $93.4M | 0.09% |
919,562
+34,308
| +4% | +$3.84M |
|
216
State Street Materials Select Sector SPDR ETF
XLB
$8.51B
| $91.5M | 0.09% |
2,487,168
-115,962
| -4% | -$4.85M |
|
217
iShares US Energy ETF
IYE
$1.74B
| $90.8M | 0.09% |
2,381,119
-1,556,093
| -40% | -$66.1M |
|
218
Lowe's Companies
LOW
$116B
| $90.5M | 0.09% |
518,263
+7,411
| +1% | +$1.43M |
|
219
Vanguard Consumer Staples ETF
VDC
$7.86B
| $89.8M | 0.09% |
484,543
+42,837
| +10% | +$8.28M |
|
220
Target
TGT
$62.1B
| $89.8M | 0.09% |
635,574
+117,675
| +23% | +$22.6M |
|
221
iShares Russell 2000 Value ETF
IWN
$14.4B
| $89.1M | 0.08% |
654,635
+90
| +0% | +$13.4K |
|
222
Crown Castle
CCI
$32.7B
| $88.7M | 0.08% |
526,720
+81,169
| +18% | +$14.8M |
|
223
Vanguard Mid-Cap Growth ETF
VOT
$19B
| $88.5M | 0.08% |
504,382
-944
| -0.2% | -$183K |
|
224
VictoryShares US 500 Enhanced Volatility Wtd ETF
CFO
$415M
| $88.3M | 0.08% |
1,374,747
+38,496
| +3% | +$2.67M |
|
225
Union Pacific
UNP
$183B
| $88.1M | 0.08% |
413,101
+20,746
| +5% | +$4.72M |
|
Similar funds
LPL Financial's Q2 2022 Portfolio in Review
As of Q2 2022, LPL Financial held 4,602 positions worth $105B, down 9.5% from $116B the previous quarter. Its ten largest holdings account for 18% of the portfolio.
LPL Financial deployed $5.93B of net new capital in Q2 2022, opening 421 new positions and adding to 2,316 existing holdings. Its largest new stake was Dimensional US Core Equity 2 ETF: 14,943,726 shares worth $348M.
By sector, the portfolio is most concentrated in Technology at 5.7% of assets, down from 6.3% a quarter earlier, followed by Healthcare and Financials.
On the sell side, the largest reduction was State Street Financial Select Sector SPDR ETF, an estimated $140M trimmed.
- LPL Financial's largest Q2 2022 buy was Dimensional US Core Equity 2 ETF: 14,943,726 shares worth $348M.
- LPL Financial added most to State Street Health Care Select Sector SPDR ETF in Q2 2022, an estimated $252M increase.
- LPL Financial's biggest Q2 2022 reduction was State Street Financial Select Sector SPDR ETF, cutting an estimated $140M.
- LPL Financial fully exited MGM Growth Properties LLC Class A common shares representing limited liability company interests in Q2 2022, selling an estimated $4.43M.
- LPL Financial's ten largest holdings make up 18% of its $105B portfolio in Q2 2022.
- LPL Financial opened 421 new positions and closed 184 in Q2 2022.
- LPL Financial's portfolio value fell 9.5% quarter-over-quarter to $105B.
Based on LPL Financial's 13F filing for Q2 2022, filed 12 Aug 2022.