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 |
Invesco QQQ Trust
QQQ
|
+$205M |
| 2 |
iShares Core S&P 500 ETF
IVV
|
+$199M |
| 3 |
First Trust Rising Dividend Achievers ETF
RDVY
|
+$180M |
| 4 |
iShares TIPS Bond ETF
TIP
|
+$140M |
| 5 |
iShares Core S&P Small-Cap ETF
IJR
|
+$121M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
iShares 1-5 Year Investment Grade Corporate Bond ETF
IGSB
|
+$134M |
| 2 |
iShares Core US Aggregate Bond ETF
AGG
|
+$64.2M |
| 3 |
Vanguard Morningstar Total Stock Market ETF
VTI
|
+$47.3M |
| 4 |
iShares Global Tech ETF
IXN
|
+$43.6M |
| 5 |
State Street SPDR Portfolio Intermediate Term Corporate Bond ETF
SPIB
|
+$43.4M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 6.8% |
| 2 | Consumer Discretionary | 3.12% |
| 3 | Financials | 3.04% |
| 4 | Healthcare | 2.77% |
| 5 | Communication Services | 2.23% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
226
iShares MSCI EAFE Min Vol Factor ETF
EFAV
$5.35B
| $96.5M | 0.08% |
1,257,570
+2,892
| +0.2% | +$220K |
|
227
First Trust US Equity Opportunities ETF
FPX
$1.43B
| $96.3M | 0.08% |
786,215
+29,316
| +4% | +$3.72M |
|
228
Invesco Russell 1000 Dynamic Multifactor ETF
OMFL
$4.69B
| $96.2M | 0.08% |
1,896,870
+776,976
| +69% | +$38.3M |
|
229
iShares MSCI Emerging Markets ETF
EEM
$27.5B
| $95.6M | 0.08% |
1,956,722
-17,589
| -0.9% | -$885K |
|
230
Vanguard Extended Market ETF
VXF
$30B
| $95.1M | 0.08% |
519,924
+46,812
| +10% | +$8.8M |
|
231
iShares US Real Estate ETF
IYR
$4.75B
| $94.7M | 0.08% |
815,624
+467,344
| +134% | +$51.2M |
|
232
iShares Russell Top 200 Growth ETF
IWY
$15.2B
| $94.4M | 0.08% |
544,794
+69,720
| +15% | +$11.6M |
|
233
State Street SPDR S&P 600 Small Cap Value ETF
SLYV
$4.89B
| $93.8M | 0.08% |
1,107,464
-159,690
| -13% | -$13.6M |
|
234
First Trust Senior Loan Fund ETF
FTSL
$2.32B
| $93.1M | 0.08% |
1,943,000
+397,786
| +26% | +$19M |
|
235
iShares Semiconductor ETF
SOXX
$38.4B
| $92.8M | 0.08% |
513,360
+77,397
| +18% | +$13M |
|
236
Vanguard Total World Stock ETF
VT
$75.3B
| $92.6M | 0.08% |
862,179
+31,789
| +4% | +$3.38M |
|
237
Southern Company
SO
$108B
| $91.9M | 0.08% |
1,340,119
+68,674
| +5% | +$4.38M |
|
238
Philip Morris
PM
$309B
| $91.8M | 0.08% |
966,641
+67,410
| +7% | +$6.3M |
|
239
IBM
IBM
$213B
| $91.3M | 0.08% |
682,800
+3,034
| +0.4% | +$381K |
|
240
VictoryShares US EQ Income Enhanced Volatility Wtd ETF
CDC
$750M
| $90.8M | 0.08% |
1,305,277
+79,745
| +7% | +$5.36M |
|
241
Bristol-Myers Squibb
BMY
$129B
| $90.3M | 0.08% |
1,448,963
+167,661
| +13% | +$9.84M |
|
242
First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF
HYLS
$1.6B
| $90.1M | 0.08% |
1,882,789
+13,041
| +0.7% | +$623K |
|
243
Shopify
SHOP
$168B
| $89.2M | 0.07% |
647,820
+14,920
| +2% | +$2.18M |
|
244
State Street SPDR S&P 600 Small Cap Growth ETF
SLYG
$5B
| $89.2M | 0.07% |
960,617
-173,368
| -15% | -$15.8M |
|
245
First Trust Financials AlphaDEX Fund
FXO
$1.14B
| $89.1M | 0.07% |
1,924,282
+325,889
| +20% | +$15.2M |
|
246
State Street SPDR S&P MIDCAP 400 ETF Trust
MDY
$26.4B
| $88.9M | 0.07% |
171,767
-1,581
| -0.9% | -$804K |
|
247
ARK Web x.0 ETF
ARKW
$1.6B
| $88.9M | 0.07% |
749,690
-97,379
| -11% | -$13.8M |
|
248
ServiceNow
NOW
$120B
| $88.8M | 0.07% |
684,045
+3,620
| +0.5% | +$475K |
|
249
State Street SPDR Portfolio Short Term Corporate Bond ETF
SPSB
$10.4B
| $88.5M | 0.07% |
2,858,546
+183,635
| +7% | +$5.7M |
|
250
Vanguard S&P 500 Growth ETF
VOOG
$24.7B
| $88.5M | 0.07% |
1,760,340
+37,596
| +2% | +$1.82M |
|
Similar funds
LPL Financial's Q4 2021 Portfolio in Review
As of Q4 2021, LPL Financial held 4,559 positions worth $119B, up 12% from $106B the previous quarter. Its ten largest holdings account for 19% of the portfolio.
LPL Financial deployed $6.13B of net new capital in Q4 2021, opening 235 new positions and adding to 2,641 existing holdings. Its largest new stake was iShares MSCI South Africa ETF: 184,094 shares worth $8.54M.
By sector, the portfolio is most concentrated in Technology at 6.8% of assets, up from 6.3% a quarter earlier, followed by Consumer Discretionary and Financials.
On the sell side, the largest reduction was iShares 1-5 Year Investment Grade Corporate Bond ETF, an estimated $134M trimmed.
- LPL Financial's largest Q4 2021 buy was iShares MSCI South Africa ETF: 184,094 shares worth $8.54M.
- LPL Financial added most to Invesco QQQ Trust in Q4 2021, an estimated $205M increase.
- LPL Financial's biggest Q4 2021 reduction was iShares 1-5 Year Investment Grade Corporate Bond ETF, cutting an estimated $134M.
- LPL Financial fully exited iShares iBonds Dec 2021 Term Corporate ETF in Q4 2021, selling an estimated $25.2M.
- LPL Financial's ten largest holdings make up 19% of its $119B portfolio in Q4 2021.
- LPL Financial opened 235 new positions and closed 224 in Q4 2021.
- LPL Financial's portfolio value rose 12% quarter-over-quarter to $119B.
Based on LPL Financial's 13F filing for Q4 2021, filed 14 Feb 2022.