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 |
Invesco QQQ Trust
QQQ
|
+$205M |
| 2 |
iShares Core S&P 500 ETF
IVV
|
+$199M |
| 3 |
First Trust Rising Dividend Achievers ETF
RDVY
|
+$180M |
| 4 |
iShares TIPS Bond ETF
TIP
|
+$140M |
| 5 |
iShares Core S&P Small-Cap ETF
IJR
|
+$121M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
iShares 1-5 Year Investment Grade Corporate Bond ETF
IGSB
|
+$134M |
| 2 |
iShares Core US Aggregate Bond ETF
AGG
|
+$64.2M |
| 3 |
Vanguard Total Stock Market ETF
VTI
|
+$47.3M |
| 4 |
iShares Global Tech ETF
IXN
|
+$43.6M |
| 5 |
State Street SPDR Portfolio Intermediate Term Corporate Bond ETF
SPIB
|
+$43.4M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 6.8% |
| 2 | Consumer Discretionary | 3.12% |
| 3 | Financials | 3.04% |
| 4 | Healthcare | 2.77% |
| 5 | Communication Services | 2.23% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
251
iShares Morningstar Growth ETF
ILCG
$3B
| $87.8M | 0.07% |
1,222,815
+26,928
| +2% | +$1.89M |
|
252
PIMCO Enhanced Short Maturity Active Exchange-Traded Fund
MINT
$16.9B
| $87M | 0.07% |
856,518
-174,577
| -17% | -$17.8M |
|
253
Vanguard Short-Term Treasury ETF
VGSH
$29.3B
| $86.7M | 0.07% |
1,425,150
-741
| -0.1% | -$45.3K |
|
254
Vanguard Short-Term Inflation-Protected Securities Index Fund
VTIP
$19.1B
| $86.7M | 0.07% |
1,686,315
+398,799
| +31% | +$20.8M |
|
255
Ford
F
$60.9B
| $86.3M | 0.07% |
4,155,594
+506,254
| +14% | +$9.32M |
|
256
Crown Castle
CCI
$34.6B
| $86.2M | 0.07% |
413,080
+37,573
| +10% | +$6.94M |
|
257
Invesco S&P 500 Top 50 ETF
XLG
$10.2B
| $86.1M | 0.07% |
2,331,820
+250,470
| +12% | +$8.93M |
|
|
SCHV
258
Schwab US Large-Cap Value ETF
SCHV
$15.6B
| $84.6M | 0.07% |
3,465,987
+415,365
| +14% | +$9.84M |
|
259
Waste Management
WM
$95B
| $84.2M | 0.07% |
504,622
+19,676
| +4% | +$3.16M |
|
260
Goldman Sachs Access Investment Grade Corporate Bond ETF
GIGB
$966M
| $84.2M | 0.07% |
1,556,203
+129,325
| +9% | +$7.02M |
|
261
VanEck Fallen Angel High Yield Bond ETF
ANGL
$3.07B
| $84.1M | 0.07% |
2,549,421
+319,187
| +14% | +$10.5M |
|
262
State Street SPDR Bloomberg High Yield Bond ETF
JNK
$7.05B
| $84M | 0.07% |
773,795
+10,594
| +1% | +$1.15M |
|
263
Duke Energy
DUK
$101B
| $84M | 0.07% |
800,610
+26,597
| +3% | +$2.7M |
|
264
Eli Lilly
LLY
$1.08T
| $84M | 0.07% |
304,027
+20,048
| +7% | +$5.08M |
|
265
iShares Biotechnology ETF
IBB
$9.45B
| $82.5M | 0.07% |
540,672
+2,990
| +0.6% | +$463K |
|
266
Kimberly-Clark
KMB
$37.6B
| $81.7M | 0.07% |
571,908
+9,808
| +2% | +$1.32M |
|
267
Invesco Ultra Short Duration ETF
GSY
$3.86B
| $81M | 0.07% |
1,611,189
-116,622
| -7% | -$5.87M |
|
268
First Trust Large Cap Core AlphaDEX Fund
FEX
$1.56B
| $80.9M | 0.07% |
875,774
+22,669
| +3% | +$2.04M |
|
269
Vanguard Long-Term Treasury ETF
VGLT
$10.1B
| $80.6M | 0.07% |
901,916
+59,999
| +7% | +$5.35M |
|
270
iShares 20+ Year Treasury Bond ETF
TLT
$42.4B
| $80.3M | 0.07% |
542,189
+25,711
| +5% | +$3.79M |
|
271
Pacer Trendpilot US Large Cap ETF
PTLC
$3.19B
| $80.3M | 0.07% |
1,933,786
+144,561
| +8% | +$5.83M |
|
272
Vanguard Consumer Discretionary ETF
VCR
$5.97B
| $80.3M | 0.07% |
235,739
+7,573
| +3% | +$2.54M |
|
273
Vanguard Consumer Staples ETF
VDC
$8.16B
| $80M | 0.07% |
400,207
+11,268
| +3% | +$2.12M |
|
274
Global X Lithium & Battery Tech ETF
LIT
$1.46B
| $79.9M | 0.07% |
946,090
+158,321
| +20% | +$14M |
|
275
First Trust Smith Unconstrained Bond ETF
UCON
$3.26B
| $79.2M | 0.07% |
3,001,924
+596,813
| +25% | +$15.8M |
|
Similar funds
LPL Financial's Q4 2021 Portfolio in Review
As of Q4 2021, LPL Financial held 4,559 positions worth $119B, up 12% from $106B the previous quarter. Its ten largest holdings account for 19% of the portfolio.
LPL Financial deployed $6.13B of net new capital in Q4 2021, opening 235 new positions and adding to 2,641 existing holdings. Its largest new stake was iShares MSCI South Africa ETF: 184,094 shares worth $8.54M.
By sector, the portfolio is most concentrated in Technology at 6.8% of assets, up from 6.3% a quarter earlier, followed by Consumer Discretionary and Financials.
On the sell side, the largest reduction was iShares 1-5 Year Investment Grade Corporate Bond ETF, an estimated $134M trimmed.
- LPL Financial's largest Q4 2021 buy was iShares MSCI South Africa ETF: 184,094 shares worth $8.54M.
- LPL Financial added most to Invesco QQQ Trust in Q4 2021, an estimated $205M increase.
- LPL Financial's biggest Q4 2021 reduction was iShares 1-5 Year Investment Grade Corporate Bond ETF, cutting an estimated $134M.
- LPL Financial fully exited iShares iBonds Dec 2021 Term Corporate ETF in Q4 2021, selling an estimated $25.2M.
- LPL Financial's ten largest holdings make up 19% of its $119B portfolio in Q4 2021.
- LPL Financial opened 235 new positions and closed 224 in Q4 2021.
- LPL Financial's portfolio value rose 12% quarter-over-quarter to $119B.
Based on LPL Financial's 13F filing for Q4 2021, filed 14 Feb 2022.