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 | |
|---|---|---|---|---|---|---|
2651
Telus
TU
$15B
| $560K | ﹤0.01% |
28,274
-731
| -3% | -$13.8K |
|
2652
Outfront Media
OUT
$5.63B
| $558K | ﹤0.01% |
28,995
+1,053
| +4% | +$17.8K |
|
2653
Avantor
AVTR
$9.25B
| $557K | ﹤0.01% |
+19,795
| New | +$510K |
|
2654
Camping World
CWH
$676M
| $556K | ﹤0.01% |
21,333
+8,839
| +71% | +$259K |
|
|
ARDC
2655
Are Dynamic Credit Allocation Fund
ARDC
$301M
| $555K | ﹤0.01% |
38,809
+7,489
| +24% | +$99.7K |
|
2656
iShares US Insurance ETF
IAK
$538M
| $555K | ﹤0.01% |
8,227
+225
| +3% | +$14.1K |
|
2657
Nuveen AMT-Free Municipal Value Fund
NUW
$251M
| $555K | ﹤0.01% |
33,788
+2,200
| +7% | +$35.5K |
|
|
FSFG
2658
DELISTED
First Savings Financial Group
FSFG
| $553K | ﹤0.01% |
25,503
+66
| +0.3% | +$1.32K |
|
2659
ALPS Strategic Income Fund
RIGS
$60.9M
| $552K | ﹤0.01% |
22,260
-319
| -1% | -$7.89K |
|
2660
Floor & Decor
FND
$6.46B
| $551K | ﹤0.01% |
5,935
+2,597
| +78% | +$217K |
|
2661
iShares Currency Hedged MSCI Japan ETF
HEWJ
$728M
| $550K | ﹤0.01% |
15,332
+4,264
| +39% | +$144K |
|
2662
Smith & Wesson
SWBI
$670M
| $549K | ﹤0.01% |
30,914
+3,374
| +12% | +$55.8K |
|
2663
Innovator US Equity Power Buffer ETF May
PMAY
$816M
| $548K | ﹤0.01% |
19,335
+11,850
| +158% | +$331K |
|
|
WPF
2664
DELISTED
Foley Trasimene Acquisition Corp.
WPF
| $548K | ﹤0.01% |
+49,000
| New | +$510K |
|
2665
Liberty Broadband Class A
LBRDA
$5.17B
| $547K | ﹤0.01% |
3,472
+33
| +1% | +$4.98K |
|
2666
Qualys
QLYS
$5.67B
| $547K | ﹤0.01% |
4,490
-2,247
| -33% | -$222K |
|
2667
TTEC Holdings
TTEC
$132M
| $547K | ﹤0.01% |
7,500
+212
| +3% | +$13.8K |
|
2668
GoDaddy
GDDY
$11.3B
| $546K | ﹤0.01% |
6,577
+2,754
| +72% | +$216K |
|
2669
Moog Inc Class A
MOG.A
$12.9B
| $546K | ﹤0.01% |
6,884
+214
| +3% | +$15.7K |
|
|
PBEE
2670
DELISTED
Invesco PureBeta FTSE Emerging Markets ETF
PBEE
| $546K | ﹤0.01% |
19,285
+208
| +1% | +$5.53K |
|
2671
Robert Half
RHI
$4.19B
| $545K | ﹤0.01% |
8,721
-49
| -0.6% | -$2.92K |
|
|
TEN
2672
DELISTED
Tenneco Inc. Class A Voting Common Stock
TEN
| $545K | ﹤0.01% |
51,460
-5,617
| -10% | -$53.1K |
|
2673
BancFirst
BANF
$3.85B
| $544K | ﹤0.01% |
9,275
-75
| -0.8% | -$3.85K |
|
2674
Acuity Brands
AYI
$10.4B
| $542K | ﹤0.01% |
+4,474
| New | +$480K |
|
2675
Invesco BulletShares 2028 Corporate Bond ETF
BSCS
$3.57B
| $542K | ﹤0.01% |
22,958
-875
| -4% | -$20.4K |
|
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.