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 Core MSCI EAFE ETF
IEFA
|
+$325M |
| 2 |
iShares Russell 2000 ETF
IWM
|
+$290M |
| 3 |
Vanguard Total Bond Market
BND
|
+$227M |
| 4 |
iShares Core MSCI Emerging Markets ETF
IEMG
|
+$226M |
| 5 |
iShares ESG Aware MSCI USA ETF
ESGU
|
+$190M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
iShares MSCI USA Min Vol Factor ETF
USMV
|
+$290M |
| 2 |
iShares TIPS Bond ETF
TIP
|
+$192M |
| 3 |
iShares Core S&P US Value ETF
IUSV
|
+$179M |
| 4 |
Vanguard Morningstar Total Stock Market ETF
VTI
|
+$91.7M |
| 5 |
Vanguard Intermediate-Term Corporate Bond ETF
VCIT
|
+$66.4M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 6.47% |
| 2 | Consumer Discretionary | 3.2% |
| 3 | Financials | 2.84% |
| 4 | Healthcare | 2.77% |
| 5 | Communication Services | 2.45% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
226
Pacer Trendpilot US Large Cap ETF
PTLC
$3.24B
| $63.4M | 0.08% |
1,937,008
-232,832
| -11% | -$7.27M |
|
227
ServiceNow
NOW
$114B
| $63.2M | 0.08% |
574,170
+28,830
| +5% | +$3M |
|
228
Honeywell
HON
$76.7B
| $62.7M | 0.08% |
312,595
+43,116
| +16% | +$7.83M |
|
229
State Street SPDR Portfolio Corporate Bond ETF
SPBO
$2.09B
| $62.7M | 0.08% |
1,729,950
+459,687
| +36% | +$16.4M |
|
230
iShares Russell Mid-Cap Value ETF
IWS
$15.6B
| $62.6M | 0.08% |
646,130
+8,778
| +1% | +$791K |
|
|
VPU
231
Vanguard Utilities ETF
VPU
$8.52B
| $62.3M | 0.08% |
454,179
+18,968
| +4% | +$2.61M |
|
232
VanEck Morningstar Wide Moat ETF
MOAT
$11.8B
| $62.1M | 0.08% |
1,001,862
+17,355
| +2% | +$1.02M |
|
|
DOCU
233
DocuSign
DOCU
$10.4B
| $62M | 0.08% |
278,834
-1,276
| -0.5% | -$287K |
|
234
Thermo Fisher Scientific
TMO
$214B
| $61.5M | 0.08% |
132,090
+13,674
| +12% | +$6.41M |
|
235
State Street SPDR Portfolio TIPS ETF
SPIP
$1.01B
| $61.4M | 0.08% |
1,970,278
+495,766
| +34% | +$15.2M |
|
236
VictoryShares US 500 Enhanced Volatility Wtd ETF
CFO
$417M
| $61.3M | 0.08% |
982,667
+250,226
| +34% | +$14.7M |
|
237
Kimberly-Clark
KMB
$36.6B
| $60.8M | 0.08% |
450,638
+154,577
| +52% | +$21.6M |
|
238
3M
MMM
$90.8B
| $60.4M | 0.08% |
413,489
+58,784
| +17% | +$8.34M |
|
239
iShares Silver Trust
SLV
$28.6B
| $60.3M | 0.08% |
2,456,118
+440,407
| +22% | +$10M |
|
240
Philip Morris
PM
$299B
| $60.1M | 0.08% |
726,244
+29,564
| +4% | +$2.3M |
|
241
Target
TGT
$65.6B
| $60.1M | 0.08% |
340,539
+41,927
| +14% | +$6.99M |
|
242
iShares 5-10 Year Investment Grade Corporate Bond ETF
IGIB
$18.5B
| $59.4M | 0.08% |
961,502
+77,554
| +9% | +$4.74M |
|
243
First Trust Large Cap Core AlphaDEX Fund
FEX
$1.57B
| $59.3M | 0.08% |
807,026
-103,511
| -11% | -$7.13M |
|
244
Vanguard Extended Market ETF
VXF
$30.4B
| $58.7M | 0.08% |
356,245
+44,399
| +14% | +$6.58M |
|
245
Duke Energy
DUK
$98.4B
| $58.4M | 0.08% |
637,415
+29,531
| +5% | +$2.73M |
|
246
First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF
HYLS
$1.61B
| $58M | 0.08% |
1,191,191
+134,758
| +13% | +$6.48M |
|
247
State Street SPDR S&P 400 Mid Cap Growth ETF
MDYG
$2.81B
| $57.5M | 0.07% |
829,366
+246,812
| +42% | +$15.8M |
|
248
iShares Expanded Tech-Software Sector ETF
IGV
$12.5B
| $57.5M | 0.07% |
811,870
-17,430
| -2% | -$1.15M |
|
249
VictoryShares US EQ Income Enhanced Volatility Wtd ETF
CDC
$741M
| $57.5M | 0.07% |
1,068,101
-2,205
| -0.2% | -$113K |
|
250
Vanguard FTSE All-World ex-US ETF
VEU
$66.8B
| $57.3M | 0.07% |
981,775
+49,756
| +5% | +$2.71M |
|
Similar funds
LPL Financial's Q4 2020 Portfolio in Review
As of Q4 2020, LPL Financial held 3,938 positions worth $77.2B, up 21% from $64B the previous quarter. Its ten largest holdings account for 20% of the portfolio.
LPL Financial deployed $5.76B of net new capital in Q4 2020, opening 393 new positions and adding to 2,285 existing holdings. Its largest new stake was Global X MSCI China Consumer Discretionary ETF: 351,999 shares worth $12.5M.
By sector, the portfolio is most concentrated in Technology at 6.5% of assets, up from 6.1% a quarter earlier, followed by Consumer Discretionary and Financials.
On the sell side, the largest reduction was iShares MSCI USA Min Vol Factor ETF, an estimated $290M trimmed.
- LPL Financial's largest Q4 2020 buy was Global X MSCI China Consumer Discretionary ETF: 351,999 shares worth $12.5M.
- LPL Financial added most to iShares Core MSCI EAFE ETF in Q4 2020, an estimated $325M increase.
- LPL Financial's biggest Q4 2020 reduction was iShares MSCI USA Min Vol Factor ETF, cutting an estimated $290M.
- LPL Financial fully exited iShares iBonds Dec 2020 Term Corporate ETF in Q4 2020, selling an estimated $23.5M.
- LPL Financial's ten largest holdings make up 20% of its $77.2B portfolio in Q4 2020.
- LPL Financial opened 393 new positions and closed 132 in Q4 2020.
- LPL Financial's portfolio value rose 21% quarter-over-quarter to $77.2B.
Based on LPL Financial's 13F filing for Q4 2020, filed 12 Feb 2021.