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 | |
|---|---|---|---|---|---|---|
2401
Flowers Foods
FLO
$1.53B
| $1.36M | ﹤0.01% |
47,325
+4,251
| +10% | +$119K |
|
|
BERY
2402
DELISTED
Berry Global Group, Inc.
BERY
| $1.36M | ﹤0.01% |
24,470
-9,152
| -27% | -$448K |
|
|
RNDM
2403
DELISTED
First Trust Developed International Equity Select ETF
RNDM
| $1.36M | ﹤0.01% |
29,747
-8,945
| -23% | -$391K |
|
2404
CubeSmart
CUBE
$9.47B
| $1.35M | ﹤0.01% |
33,622
-517
| -2% | -$20.8K |
|
2405
Franklin FTSE Japan ETF
FLJP
$3.92B
| $1.35M | ﹤0.01% |
56,283
+20,058
| +55% | +$467K |
|
2406
Telephone and Data Systems
TDS
$3.92B
| $1.35M | ﹤0.01% |
128,727
+58,211
| +83% | +$720K |
|
2407
Littelfuse
LFUS
$11.3B
| $1.35M | ﹤0.01% |
6,024
+777
| +15% | +$173K |
|
2408
BJs Wholesale Club
BJ
$12.4B
| $1.35M | ﹤0.01% |
20,358
+697
| +4% | +$50.5K |
|
2409
Invesco China Technology ETF
CQQQ
$3.05B
| $1.35M | ﹤0.01% |
31,030
-23,792
| -43% | -$913K |
|
|
CNH
2410
CNH Industrial
CNH
$13.4B
| $1.34M | ﹤0.01% |
83,518
+767
| +0.9% | +$11K |
|
2411
CALL
JPMorgan Chase
JPM
$937B
| $1.34M | ﹤0.01% |
10,000
+500
| +5% | +$63.4K |
|
2412
First Financial Bankshares
FFIN
$5.08B
| $1.34M | ﹤0.01% |
38,943
-3,758
| -9% | -$142K |
|
2413
iShares MSCI Emerging Markets Small-Cap ETF
EEMS
$355M
| $1.34M | ﹤0.01% |
27,732
-1,216
| -4% | -$57.9K |
|
2414
Neurocrine Biosciences
NBIX
$16.7B
| $1.34M | ﹤0.01% |
11,209
-4,278
| -28% | -$501K |
|
2415
Hawaiian Electric Industries
HE
$2.19B
| $1.33M | ﹤0.01% |
31,815
-468
| -1% | -$18.1K |
|
|
MCI
2416
Barings Corporate Investors
MCI
$337M
| $1.33M | ﹤0.01% |
95,353
-7,321
| -7% | -$98.8K |
|
2417
The 3D Printing ETF
PRNT
$61.4M
| $1.33M | ﹤0.01% |
64,899
-4,350
| -6% | -$90.9K |
|
2418
Dropbox
DBX
$7.71B
| $1.33M | ﹤0.01% |
59,401
-7,094
| -11% | -$156K |
|
2419
PagerDuty
PD
$856M
| $1.33M | ﹤0.01% |
50,028
-6,925
| -12% | -$164K |
|
2420
BlackRock Limited Duration Income Trust
BLW
$490M
| $1.33M | ﹤0.01% |
101,632
+3,679
| +4% | +$46.8K |
|
|
PMO
2421
Franklin Municipal Opportunities Trust
PMO
$279M
| $1.33M | ﹤0.01% |
122,272
+91,342
| +295% | +$967K |
|
2422
Marriott Vacations Worldwide
VAC
$3.35B
| $1.33M | ﹤0.01% |
9,848
-73
| -0.7% | -$10.2K |
|
|
KW
2423
DELISTED
Kennedy-Wilson Holdings
KW
| $1.32M | ﹤0.01% |
83,888
+8,514
| +11% | +$137K |
|
|
AFB
2424
AllianceBernstein National Municipal Income Fund
AFB
$313M
| $1.32M | ﹤0.01% |
125,735
+33,884
| +37% | +$354K |
|
2425
Portland General Electric
POR
$5.9B
| $1.32M | ﹤0.01% |
26,884
-4,218
| -14% | -$195K |
|
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.