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 | |
|---|---|---|---|---|---|---|
2276
Calumet Specialty Products
CLMT
$3.85B
| $1.44M | ﹤0.01% |
138,833
+4,085
| +3% | +$54.3K |
|
2277
Fidelity Quality Factor ETF
FQAL
$1.41B
| $1.44M | ﹤0.01% |
32,566
+1,347
| +4% | +$64.4K |
|
2278
Dropbox
DBX
$7.6B
| $1.44M | ﹤0.01% |
68,575
-7,032
| -9% | -$152K |
|
2279
Merit Medical Systems
MMSI
$5.08B
| $1.44M | ﹤0.01% |
26,889
+4,939
| +23% | +$301K |
|
|
GXDW
2280
Global X Funds Global X Dorsey Wright Thematic ETF
GXDW
$6M
| $1.44M | ﹤0.01% |
49,597
+3,448
| +7% | +$109K |
|
|
WEA
2281
Western Asset Premier Bond Fund
WEA
$124M
| $1.43M | ﹤0.01% |
135,424
+783
| +0.6% | +$8.74K |
|
2282
AGCO
AGCO
$7.15B
| $1.43M | ﹤0.01% |
14,475
-4,315
| -23% | -$537K |
|
|
PBT
2283
Permian Basin Royalty Trust
PBT
$1.38B
| $1.43M | ﹤0.01% |
86,300
+8,298
| +11% | +$129K |
|
2284
Casella Waste Systems
CWST
$5.71B
| $1.43M | ﹤0.01% |
19,635
-1,446
| -7% | -$110K |
|
2285
DaVita
DVA
$15.4B
| $1.43M | ﹤0.01% |
17,841
+1,635
| +10% | +$165K |
|
2286
FT Vest Fund of Buffer ETFs
BUFR
$10.1B
| $1.43M | ﹤0.01% |
66,439
+32,231
| +94% | +$721K |
|
2287
Elanco Animal Health
ELAN
$13.2B
| $1.43M | ﹤0.01% |
72,644
+3,456
| +5% | +$81.8K |
|
2288
iShares Emerging Markets Equity Factor ETF
EMGF
$1.82B
| $1.43M | ﹤0.01% |
33,215
-4,357
| -12% | -$199K |
|
2289
Medpace
MEDP
$16.1B
| $1.43M | ﹤0.01% |
9,433
+4,274
| +83% | +$619K |
|
|
MCI
2290
Barings Corporate Investors
MCI
$340M
| $1.42M | ﹤0.01% |
106,090
-4,603
| -4% | -$65.5K |
|
2291
Omnicell
OMCL
$1.61B
| $1.42M | ﹤0.01% |
12,417
+680
| +6% | +$78K |
|
2292
WisdomTree Europe Quality Dividend Growth Fund
EUDG
$69.3M
| $1.42M | ﹤0.01% |
54,025
+5,870
| +12% | +$169K |
|
2293
FlexShares International Quality Dividend Index Fund
IQDF
$1.15B
| $1.41M | ﹤0.01% |
69,185
+2,273
| +3% | +$50.9K |
|
2294
Waters Corp
WAT
$37B
| $1.41M | ﹤0.01% |
4,265
+188
| +5% | +$59.7K |
|
2295
iShares MSCI Intl Momentum Factor ETF
IMTM
$4.13B
| $1.41M | ﹤0.01% |
47,142
+1,188
| +3% | +$38.5K |
|
2296
Sibanye-Stillwater
SBSW
$6.26B
| $1.41M | ﹤0.01% |
141,326
-63,529
| -31% | -$830K |
|
|
BHR
2297
Braemar Hotels & Resorts
BHR
$156M
| $1.4M | ﹤0.01% |
326,268
+183,850
| +129% | +$1.04M |
|
2298
CubeSmart
CUBE
$9.39B
| $1.4M | ﹤0.01% |
32,773
-358
| -1% | -$16.5K |
|
|
EXD
2299
DELISTED
Eaton Vance TaxManaged Buy-Write Strategy Fund
EXD
| $1.4M | ﹤0.01% |
138,020
+13,221
| +11% | +$139K |
|
2300
Sunrun
RUN
$2.34B
| $1.4M | ﹤0.01% |
59,866
-2,684
| -4% | -$64.5K |
|
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.