LPL Financial LLC's Top 5 Buys of the 2nd Quarter

Aug 14, 2022

LPL Financial LLC recently filed their 13F report for the second quarter of 2022, which ended on 2022-06-30.

The 13F report details which stocks were in a guru’s equity portfolio at the end of the quarter, though investors should note that these filings are limited in scope, containing only a snapshot of long positions in U.S.-listed stocks and American depository receipts as of the quarter’s end. They are not required to include international holdings, short positions or other types of investments. Still, even this limited filing can provide valuable information.

LPL Financial is the largest organization of independent financial advisors in the United States. The company can trace its origins back to 1968, but the current company was created out of the merger between two brokerage firms, Linsco, which was create back in 1968, and Private Ledger, which was created in 1973, in 1989. LPL Financial mainly grew through organic means in its early years after the merger, but began acquiring companies such as Private Trust Company, WS Griffith Securities, and Main Street Management. The firm would continue to facilitate its growth and expansion through mergers, acquiring UVEST Financial Services in 2006 to add in its brokerage network of over 300 regional and community banks and credit unions and Pacific Select Group to add over 2,000 financial advisors. In 2008, the company would change its old name of Linsco/Private Ledger Corp, or LPL Financial Services, to simply LPL financial. LBL Financial operates under its parent company LPL Holdings, which became a publicly traded company on the NASDAQ Stock Market in 2010. LPL Financial currently has over 3,400 employees supporting a network of over 14,000 financial advisors. The company brings in over $4.3 billion in revenue and holds over $475 billion in total advisory and brokerage assets. Most of its clients are individuals, which alone makes up over half of its total client base, and the company also caters to high net worth individuals, pension and profit sharing plans, charities, corporations or other businesses, state or municipal government entities, and insurance companies, in order of decreasing clientele. LPL Financial has over 4.5 million funded accounts with 744 institutional partners. LPL Financial currently overs over 450 different mutual fund families through its financial advisors including JPMorgan, American Funds, Nuveen, PIMCO, Eaton Vance, Fidelity, and others. The company also offers over 35 ETF and ETN through various providers including iShares, State Street Global, Vanguard, and Barclays iPath.

As of the latest 13F report, the guru’s equity portfolio contained 4382 stocks valued at a total of $105.25Bil. The top holdings were IVV(2.71%), VTI(2.31%), and BND(2.22%).

According to GuruFocus data, these were LPL Financial LLC’s top five trades of the quarter.

Dimensional U.S. Core Equity 2 ETF

The guru established a new position worth 14,943,726 shares in ARCA:DFAC, giving the stock a 0.33% weight in the equity portfolio. Shares traded for an average price of $25.35 during the quarter.

On 08/14/2022, Dimensional U.S. Core Equity 2 ETF traded for a price of $26.39 per share and a market cap of $15.84Bil. The stock has returned -3.33% over the past year.