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 | |
|---|---|---|---|---|---|---|
2701
Union Bankshares
UNB
$108M
| $529K | ﹤0.01% |
20,591
-2,947
| -13% | -$72.7K |
|
|
GOOD
2702
Gladstone Commercial Corp
GOOD
$608M
| $528K | ﹤0.01% |
29,311
+5,662
| +24% | +$100K |
|
2703
ON Semiconductor
ON
$31.4B
| $528K | ﹤0.01% |
16,119
-3,005
| -16% | -$83.8K |
|
|
ACP
2704
abrdn Income Credit Strategies Fund
ACP
$635M
| $527K | ﹤0.01% |
49,669
-28,037
| -36% | -$281K |
|
2705
Live Oak Bancshares
LOB
$2.02B
| $527K | ﹤0.01% |
11,102
+792
| +8% | +$31.7K |
|
2706
Nektar Therapeutics
NKTR
$2.46B
| $527K | ﹤0.01% |
2,067
+348
| +20% | +$89.9K |
|
2707
PUT
Alphabet (Google) Class A
GOOGL
$4.62T
| $526K | ﹤0.01% |
6,000
| – | – |
|
2708
TriCo Bancshares
TCBK
$1.87B
| $526K | ﹤0.01% |
14,914
+336
| +2% | +$10.6K |
|
2709
Veracyte
VCYT
$3.73B
| $526K | ﹤0.01% |
10,754
-952
| -8% | -$44.1K |
|
|
HYLV
2710
DELISTED
IQ S&P High Yield Low Volatility Bond ETF
HYLV
| $526K | ﹤0.01% |
20,694
+5,815
| +39% | +$146K |
|
2711
Avient
AVNT
$3.5B
| $525K | ﹤0.01% |
+13,032
| New | +$459K |
|
2712
Hyster-Yale Materials Handling
HY
$629M
| $525K | ﹤0.01% |
+8,824
| New | +$445K |
|
2713
White Mountains Insurance
WTM
$5.25B
| $524K | ﹤0.01% |
524
+26
| +5% | +$24.5K |
|
|
ACB
2714
Aurora Cannabis
ACB
$174M
| $523K | ﹤0.01% |
6,293
+1,949
| +45% | +$142K |
|
2715
CEMIG Preferred Shares
CIG
$6.15B
| $522K | ﹤0.01% |
341,297
+296,234
| +657% | +$360K |
|
2716
PagSeguro Digital
PAGS
$2.66B
| $521K | ﹤0.01% |
9,163
+361
| +4% | +$16.2K |
|
|
ENDP
2717
DELISTED
Endo International plc
ENDP
| $521K | ﹤0.01% |
72,558
-3,555
| -5% | -$18.5K |
|
|
DHF
2718
BNY Mellon High Yield Strategies Fund
DHF
$174M
| $520K | ﹤0.01% |
173,320
+6,750
| +4% | +$19.3K |
|
2719
Frontdoor
FTDR
$5.39B
| $519K | ﹤0.01% |
10,339
-2,521
| -20% | -$115K |
|
2720
FirstCash
FCFS
$9.32B
| $518K | ﹤0.01% |
7,393
-101
| -1% | -$6.4K |
|
2721
Loews
L
$23.7B
| $518K | ﹤0.01% |
11,512
-1,324
| -10% | -$53.2K |
|
|
PFO
2722
Flaherty & Crumrine Preferred and Income Opportunity Fund
PFO
$120M
| $518K | ﹤0.01% |
39,485
+4,021
| +11% | +$50.2K |
|
|
BCPC
2723
Balchem Corp
BCPC
$5.57B
| $517K | ﹤0.01% |
4,487
-991
| -18% | -$105K |
|
2724
Badger Meter
BMI
$4.07B
| $516K | ﹤0.01% |
5,488
+1,087
| +25% | +$86.8K |
|
2725
Everest Group
EG
$14.2B
| $515K | ﹤0.01% |
2,199
+150
| +7% | +$33.1K |
|
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.