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 | |
|---|---|---|---|---|---|---|
|
ENV
2676
DELISTED
ENVESTNET, INC.
ENV
| $541K | ﹤0.01% |
6,569
+189
| +3% | +$15.2K |
|
2677
AdvisorShares Ranger Equity Bear ETF
HDGE
$54.1M
| $540K | ﹤0.01% |
17,832
-4,566
| -20% | -$169K |
|
2678
Valley National Bancorp
VLY
$8.23B
| $540K | ﹤0.01% |
55,374
-5,113
| -8% | -$44.5K |
|
2679
Mayville Engineering Co
MEC
$707M
| $537K | ﹤0.01% |
40,000
-30,349
| -43% | -$336K |
|
|
NXJ
2680
DELISTED
Nuveen New Jersey Quality Municipal Income Fund
NXJ
| $537K | ﹤0.01% |
37,384
+834
| +2% | +$11.6K |
|
|
SVM
2681
Silvercorp Metals
SVM
$2.26B
| $537K | ﹤0.01% |
80,266
+6,789
| +9% | +$46.7K |
|
|
TWO
2682
Two Harbors Investment
TWO
$1.27B
| $537K | ﹤0.01% |
21,082
+4,071
| +24% | +$96.7K |
|
2683
Equitable Holdings
EQH
$13.2B
| $536K | ﹤0.01% |
20,964
+2,682
| +15% | +$62.7K |
|
|
PLYM
2684
DELISTED
Plymouth Industrial REIT
PLYM
| $536K | ﹤0.01% |
35,759
+6,848
| +24% | +$91.6K |
|
2685
ASE Group
ASX
$85.1B
| $535K | ﹤0.01% |
91,582
-33,155
| -27% | -$166K |
|
2686
Fidelity MSCI Materials Index ETF
FMAT
$597M
| $535K | ﹤0.01% |
13,341
+286
| +2% | +$10.7K |
|
|
GHY
2687
PGIM Global High Yield Fund
GHY
$481M
| $535K | ﹤0.01% |
36,851
-4,973
| -12% | -$68.3K |
|
2688
Merit Medical Systems
MMSI
$5.12B
| $535K | ﹤0.01% |
9,635
+512
| +6% | +$26.4K |
|
2689
Heritage Financial
HFWA
$1.25B
| $534K | ﹤0.01% |
22,830
+178
| +0.8% | +$4K |
|
2690
Kratos Defense & Security Solutions
KTOS
$9.73B
| $534K | ﹤0.01% |
19,466
-1,871
| -9% | -$41K |
|
2691
Workiva
WK
$3.44B
| $534K | ﹤0.01% |
5,827
-27
| -0.5% | -$1.9K |
|
2692
CNO Financial Group
CNO
$5.14B
| $533K | ﹤0.01% |
23,954
+2,485
| +12% | +$50.6K |
|
2693
Duluth Holdings
DLTH
$159M
| $533K | ﹤0.01% |
50,435
-1,500
| -3% | -$20.5K |
|
2694
Mativ Holdings
MATV
$507M
| $533K | ﹤0.01% |
+13,252
| New | +$475K |
|
|
ONEM
2695
DELISTED
1Life Healthcare
ONEM
| $533K | ﹤0.01% |
12,201
+1,784
| +17% | +$60.9K |
|
2696
Enpro
NPO
$7.07B
| $532K | ﹤0.01% |
7,043
-434
| -6% | -$29.1K |
|
2697
CALL
Apple
AAPL
$4.52T
| $531K | ﹤0.01% |
+4,000
| New | +$481K |
|
2698
Alarm.com
ALRM
$2.76B
| $531K | ﹤0.01% |
5,136
+175
| +4% | +$12.7K |
|
2699
Simulations Plus
SLP
$371M
| $531K | ﹤0.01% |
7,377
+2,764
| +60% | +$183K |
|
2700
US Global GO Gold and Precious Metal Miners ETF
GOAU
$172M
| $530K | ﹤0.01% |
26,653
-10,720
| -29% | -$228K |
|
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.