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 | |
|---|---|---|---|---|---|---|
251
Nike
NKE
$62.7B
| $57.3M | 0.07% |
404,693
+59,138
| +17% | +$7.84M |
|
252
Shopify
SHOP
$159B
| $56.8M | 0.07% |
501,400
+67,440
| +16% | +$7.08M |
|
253
John Hancock Multifactor Mid Cap ETF
JHMM
$5.92B
| $56.3M | 0.07% |
1,251,105
+194,235
| +18% | +$8.12M |
|
254
Invesco S&P 500 Top 50 ETF
XLG
$10.5B
| $55.6M | 0.07% |
1,947,650
+472,960
| +32% | +$12.9M |
|
|
SLY
255
DELISTED
SPDR S&P 600 Small Cap ETF (based on S&P SmallCap 600 Index--symbol SML)
SLY
| $55.4M | 0.07% |
696,695
+151,629
| +28% | +$10.8M |
|
256
iShares US Aerospace & Defense ETF
ITA
$14.1B
| $54.5M | 0.07% |
575,572
-30,024
| -5% | -$2.64M |
|
257
iShares MSCI Global Min Vol Factor ETF
ACWV
$3.33B
| $54.4M | 0.07% |
561,732
-52,251
| -9% | -$4.94M |
|
258
Vanguard Consumer Discretionary ETF
VCR
$5.98B
| $54.3M | 0.07% |
197,396
+24,756
| +14% | +$6.29M |
|
259
iShares International Select Dividend ETF
IDV
$8.46B
| $51.6M | 0.07% |
1,752,086
-215,433
| -11% | -$5.89M |
|
260
Medtronic
MDT
$110B
| $51.3M | 0.07% |
437,546
+81,148
| +23% | +$8.93M |
|
261
PIMCO Active Bond Exchange-Traded Fund
BOND
$8.4B
| $51.2M | 0.07% |
453,013
-12,997
| -3% | -$1.46M |
|
262
First Trust Technology AlphaDEX Fund
FXL
$2.5B
| $50.7M | 0.07% |
453,023
-30,666
| -6% | -$3.1M |
|
263
Invesco S&P MidCap Low Volatility ETF
XMLV
$753M
| $50.3M | 0.07% |
1,045,193
-420,847
| -29% | -$19M |
|
264
Global X NASDAQ-100 Covered Call ETF
QYLD
$8.06B
| $50.2M | 0.07% |
2,202,675
+174,669
| +9% | +$3.86M |
|
265
SPDR Gold MiniShares Trust
GLDM
$27.9B
| $50.1M | 0.06% |
1,323,863
-1,013,681
| -43% | -$37.9M |
|
266
Advanced Micro Devices
AMD
$791B
| $50.1M | 0.06% |
546,005
+59,651
| +12% | +$5.15M |
|
267
Invesco S&P 500 Revenue ETF
RWL
$9.58B
| $50.1M | 0.06% |
803,880
+7,463
| +0.9% | +$439K |
|
268
VanEck Semiconductor ETF
SMH
$65B
| $49.8M | 0.06% |
455,708
+87,154
| +24% | +$8.64M |
|
269
Union Pacific
UNP
$172B
| $49.7M | 0.06% |
238,641
+36,353
| +18% | +$7.26M |
|
270
iShares US Healthcare ETF
IYH
$3.39B
| $49.2M | 0.06% |
999,980
+43,225
| +5% | +$2.04M |
|
271
Waste Management
WM
$90.9B
| $48.8M | 0.06% |
413,560
+17,394
| +4% | +$2.03M |
|
272
State Street SPDR Portfolio Short Term Corporate Bond ETF
SPSB
$10.4B
| $48.1M | 0.06% |
1,532,207
+459,497
| +43% | +$14.4M |
|
273
Wells Fargo
WFC
$258B
| $47.8M | 0.06% |
1,584,813
+46,844
| +3% | +$1.21M |
|
274
Vanguard Intermediate-Term Treasury ETF
VGIT
$41.7B
| $47.3M | 0.06% |
681,165
-155,738
| -19% | -$10.9M |
|
275
Crown Castle
CCI
$33.4B
| $46.9M | 0.06% |
294,667
+54,858
| +23% | +$8.9M |
|
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.