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 | |
|---|---|---|---|---|---|---|
251
VanEck Semiconductor ETF
SMH
$60.8B
| $62.9M | 0.07% |
516,368
+60,660
| +13% | +$7.19M |
|
252
Duke Energy
DUK
$101B
| $62.6M | 0.07% |
649,001
+11,586
| +2% | +$1.06M |
|
253
State Street SPDR Portfolio Intermediate Term Treasury ETF
SPTI
$10.5B
| $62.6M | 0.07% |
1,951,640
-145,404
| -7% | -$4.74M |
|
254
Goldman Sachs Access Investment Grade Corporate Bond ETF
GIGB
$966M
| $62.6M | 0.07% |
1,172,649
+429,624
| +58% | +$23.4M |
|
255
Union Pacific
UNP
$174B
| $61.9M | 0.07% |
280,987
+42,346
| +18% | +$8.89M |
|
256
iShares Silver Trust
SLV
$27.7B
| $61.4M | 0.07% |
2,705,095
+248,977
| +10% | +$6.06M |
|
257
iShares 20+ Year Treasury Bond ETF
TLT
$42.4B
| $61.2M | 0.07% |
451,892
-424,754
| -48% | -$61.6M |
|
258
Crown Castle
CCI
$34.6B
| $60.9M | 0.07% |
353,998
+59,331
| +20% | +$9.5M |
|
259
iShares US Aerospace & Defense ETF
ITA
$14B
| $60.8M | 0.07% |
583,791
+8,219
| +1% | +$802K |
|
260
Pacer Trendpilot US Large Cap ETF
PTLC
$3.19B
| $60.7M | 0.07% |
1,747,198
-189,810
| -10% | -$6.4M |
|
261
First Trust Mid Cap Core AlphaDEX Fund
FNX
$1.37B
| $60.5M | 0.07% |
644,457
+161,427
| +33% | +$14.6M |
|
262
Nike
NKE
$64.1B
| $60.1M | 0.07% |
452,075
+47,382
| +12% | +$6.59M |
|
263
State Street SPDR Nuveen ICE Municipal Bond ETF
TFI
$3.06B
| $59.9M | 0.07% |
1,158,987
+287,121
| +33% | +$14.9M |
|
|
DOCU
264
DocuSign
DOCU
$11.1B
| $59.6M | 0.07% |
294,303
+15,469
| +6% | +$3.59M |
|
265
State Street SPDR S&P 400 Mid Cap Value ETF
MDYV
$2.76B
| $59.5M | 0.07% |
909,791
+344,264
| +61% | +$21.1M |
|
266
VanEck Gold Miners ETF
GDX
$22.5B
| $58.8M | 0.07% |
1,809,234
-51,798
| -3% | -$1.76M |
|
267
iShares International Select Dividend ETF
IDV
$8.31B
| $58.7M | 0.07% |
1,864,732
+112,646
| +6% | +$3.5M |
|
268
US Global Jets ETF
JETS
$768M
| $58.2M | 0.07% |
2,162,583
+504,223
| +30% | +$12.4M |
|
269
Quadratic Interest Rate Volatility and Inflation Hedge ETF
IVOL
$274M
| $57.5M | 0.07% |
2,012,759
+1,382,010
| +219% | +$39.4M |
|
270
State Street SPDR MSCI USA StrategicFactors ETF
QUS
$1.52B
| $57.5M | 0.07% |
517,256
-289,309
| -36% | -$31M |
|
271
Wells Fargo
WFC
$254B
| $57.2M | 0.07% |
1,463,516
-121,297
| -8% | -$4.29M |
|
272
Deere & Co
DE
$165B
| $56.8M | 0.07% |
151,816
+19,656
| +15% | +$6.45M |
|
273
ARK Blockchain & Fintech Innovation ETF
ARKF
$731M
| $56.8M | 0.07% |
1,111,431
+413,237
| +59% | +$22.5M |
|
274
Altria Group
MO
$125B
| $56.7M | 0.07% |
1,109,222
+119,365
| +12% | +$5.35M |
|
275
Invesco S&P 500 Revenue ETF
RWL
$9.57B
| $56.3M | 0.06% |
810,189
+6,309
| +0.8% | +$417K |
|
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.