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 Universal USD Bond ETF
IUSB
|
+$403M |
| 2 |
Vanguard S&P 500 ETF
VOO
|
+$391M |
| 3 |
iShares MSCI EAFE Value ETF
EFV
|
+$313M |
| 4 |
Vanguard Morningstar Mid-Cap ETF
VO
|
+$175M |
| 5 |
iShares Core S&P Small-Cap ETF
IJR
|
+$147M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
iShares iBoxx $ Investment Grade Corporate Bond ETF
LQD
|
+$192M |
| 2 |
iShares MSCI USA Min Vol Factor ETF
USMV
|
+$156M |
| 3 |
Goldman Sachs ActiveBeta US Large Cap Equity ETF
GSLC
|
+$103M |
| 4 |
iShares 0-5 Year High Yield Corporate Bond ETF
SHYG
|
+$101M |
| 5 |
Invesco QQQ Trust
QQQ
|
+$90.5M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 5.97% |
| 2 | Consumer Discretionary | 3.1% |
| 3 | Financials | 3.03% |
| 4 | Healthcare | 2.68% |
| 5 | Communication Services | 2.41% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
2626
Interactive Brokers
IBKR
$39.6B
| $780K | ﹤0.01% |
42,716
+616
| +1% | +$11.1K |
|
2627
First Merchants
FRME
$2.77B
| $779K | ﹤0.01% |
16,759
+130
| +0.8% | +$5.6K |
|
2628
Albertsons Companies
ACI
$5.8B
| $778K | ﹤0.01% |
40,801
+13,784
| +51% | +$242K |
|
2629
Invesco DB Base Metals Fund
DBB
$314M
| $778K | ﹤0.01% |
41,751
+22,542
| +117% | +$409K |
|
2630
Ouster
OUST
$3.17B
| $778K | ﹤0.01% |
+9,149
| New | +$1.13M |
|
2631
Franklin International Low Volatility High Dividend Index ETF
LVHI
$5.46B
| $776K | ﹤0.01% |
30,590
+3,845
| +14% | +$93.3K |
|
|
SABA
2632
Saba Capital Income & Opportunities Fund II
SABA
$223M
| $776K | ﹤0.01% |
73,050
+59
| +0.1% | +$649 |
|
2633
IDEX
IEX
$17.5B
| $775K | ﹤0.01% |
3,704
+639
| +21% | +$127K |
|
|
EVBG
2634
DELISTED
Everbridge, Inc. Common Stock
EVBG
| $775K | ﹤0.01% |
6,395
-439
| -6% | -$61.7K |
|
|
SIEN
2635
DELISTED
Sientra, Inc.
SIEN
| $775K | ﹤0.01% |
10,629
+4,660
| +78% | +$297K |
|
|
QDYN
2636
DELISTED
FlexShares Quality Dividend Dynamic Index Fund
QDYN
| $773K | ﹤0.01% |
13,736
-1,211
| -8% | -$65.4K |
|
2637
National Fuel Gas
NFG
$7.79B
| $772K | ﹤0.01% |
15,439
-22,079
| -59% | -$1M |
|
2638
Tradeweb Markets
TW
$21.7B
| $771K | ﹤0.01% |
10,422
-767
| -7% | -$52.7K |
|
2639
NCR Voyix
VYX
$1.2B
| $771K | ﹤0.01% |
33,113
+8,009
| +32% | +$176K |
|
2640
Global Net Lease
GNL
$1.83B
| $770K | ﹤0.01% |
42,621
-4,696
| -10% | -$83.2K |
|
2641
First Trust Alerian Disruptive Technology Real Estate ETF
DTRE
$14.7M
| $769K | ﹤0.01% |
16,522
+5,077
| +44% | +$229K |
|
2642
Unifirst Corp
UNF
$5.27B
| $769K | ﹤0.01% |
+3,436
| New | +$791K |
|
2643
DigitalBridge
DBRG
$2.93B
| $766K | ﹤0.01% |
29,569
+3,365
| +13% | +$75.7K |
|
2644
Nuveen California AMT-Free Quality Municipal Income Fund
NKX
$650M
| $766K | ﹤0.01% |
49,549
-4,266
| -8% | -$65.7K |
|
2645
VeriSign
VRSN
$26.9B
| $766K | ﹤0.01% |
3,855
+459
| +14% | +$90.2K |
|
|
GTLS
2646
DELISTED
Chart Industries
GTLS
| $765K | ﹤0.01% |
5,371
+1,419
| +36% | +$200K |
|
2647
Gentherm
THRM
$1.3B
| $765K | ﹤0.01% |
10,328
+400
| +4% | +$28.4K |
|
2648
Invitation Homes
INVH
$18.1B
| $764K | ﹤0.01% |
23,868
+7,841
| +49% | +$235K |
|
|
SPMV
2649
DELISTED
Invesco S&P 500 Minimum Variance ETF
SPMV
| $764K | ﹤0.01% |
21,807
+8,073
| +59% | +$275K |
|
2650
Bank of Hawaii
BOH
$3.22B
| $763K | ﹤0.01% |
8,529
-604
| -7% | -$52.6K |
|
Similar funds
LPL Financial's Q1 2021 Portfolio in Review
As of Q1 2021, LPL Financial held 4,220 positions worth $87B, up 13% from $77.2B the previous quarter. Its ten largest holdings account for 19% of the portfolio.
LPL Financial deployed $6.64B of net new capital in Q1 2021, opening 412 new positions and adding to 2,444 existing holdings. Its largest new stake was Invesco NASDAQ 100 ETF: 270,313 shares worth $35.5M.
By sector, the portfolio is most concentrated in Technology at 6% of assets, down from 6.5% a quarter earlier, followed by Consumer Discretionary and Financials.
On the sell side, the largest reduction was iShares iBoxx $ Investment Grade Corporate Bond ETF, an estimated $192M trimmed.
- LPL Financial's largest Q1 2021 buy was Invesco NASDAQ 100 ETF: 270,313 shares worth $35.5M.
- LPL Financial added most to iShares Core Universal USD Bond ETF in Q1 2021, an estimated $403M increase.
- LPL Financial's biggest Q1 2021 reduction was iShares iBoxx $ Investment Grade Corporate Bond ETF, cutting an estimated $192M.
- LPL Financial fully exited SPDR MFS Systematic Growth Equity ETF of SSgA Active Trust in Q1 2021, selling an estimated $3.61M.
- LPL Financial's ten largest holdings make up 19% of its $87B portfolio in Q1 2021.
- LPL Financial opened 412 new positions and closed 149 in Q1 2021.
- LPL Financial's portfolio value rose 13% quarter-over-quarter to $87B.
Based on LPL Financial's 13F filing for Q1 2021, filed 14 May 2021.