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 | |
|---|---|---|---|---|---|---|
2726
Acushnet Holdings
GOLF
$6.05B
| $515K | ﹤0.01% |
12,713
+4,821
| +61% | +$180K |
|
2727
Littelfuse
LFUS
$11.9B
| $515K | ﹤0.01% |
2,024
-1,072
| -35% | -$237K |
|
2728
Regency Centers
REG
$14.6B
| $515K | ﹤0.01% |
11,298
+1,894
| +20% | +$81.5K |
|
2729
Carlisle Companies
CSL
$15.2B
| $514K | ﹤0.01% |
3,289
+798
| +32% | +$112K |
|
|
EIM
2730
Eaton Vance Municipal Bond Fund
EIM
$494M
| $513K | ﹤0.01% |
37,755
+543
| +1% | +$7.15K |
|
2731
Invesco FTSE RAFI Developed Markets ex-US Small-Mid ETF
PDN
$361M
| $513K | ﹤0.01% |
14,856
+663
| +5% | +$21.2K |
|
2732
Cambria Shareholder Yield ETF
SYLD
$1.01B
| $513K | ﹤0.01% |
11,496
+206
| +2% | +$8.23K |
|
2733
First Financial Bancorp
FFBC
$3.64B
| $512K | ﹤0.01% |
+29,208
| New | +$458K |
|
2734
Takeda Pharmaceutical
TAK
$53B
| $512K | ﹤0.01% |
28,144
-1,970
| -7% | -$34.6K |
|
|
KLDW
2735
DELISTED
Knowledge Leaders Developed World ETF
KLDW
| $512K | ﹤0.01% |
12,101
-7,597
| -39% | -$304K |
|
|
MILE
2736
DELISTED
Metromile, Inc. Common Stock
MILE
| $511K | ﹤0.01% |
+32,857
| New | +$441K |
|
2737
BILL Holdings
BILL
$4.84B
| $510K | ﹤0.01% |
3,738
+650
| +21% | +$76.7K |
|
2738
Aegon
AEG
$14B
| $509K | ﹤0.01% |
139,734
-27,147
| -16% | -$83K |
|
2739
Ashland
ASH
$3.31B
| $509K | ﹤0.01% |
6,422
+2,605
| +68% | +$197K |
|
2740
Precigen
PGEN
$2.35B
| $508K | ﹤0.01% |
49,805
+9,748
| +24% | +$63.2K |
|
2741
Skywest
SKYW
$4.56B
| $507K | ﹤0.01% |
12,576
+19
| +0.2% | +$694 |
|
|
SNV
2742
DELISTED
Synovus
SNV
| $507K | ﹤0.01% |
15,656
+1,020
| +7% | +$29.5K |
|
2743
Assurant
AIZ
$14B
| $506K | ﹤0.01% |
+3,713
| New | +$480K |
|
2744
EXL Service
EXLS
$5.19B
| $505K | ﹤0.01% |
29,675
-1,595
| -5% | -$25.3K |
|
2745
DigitalBridge
DBRG
$2.93B
| $504K | ﹤0.01% |
26,204
+15,803
| +152% | +$253K |
|
2746
WisdomTree New Economy Real Estate Fund
WTRE
$16.1M
| $504K | ﹤0.01% |
19,670
+2,853
| +17% | +$72.4K |
|
|
NCB
2747
DELISTED
Nuveen California Municipal Value Fund 2
NCB
| $504K | ﹤0.01% |
32,726
-1,437
| -4% | -$22.2K |
|
|
ALFA
2748
DELISTED
AlphaClone Alternative Alpha ETF
ALFA
| $504K | ﹤0.01% |
6,567
-1,506
| -19% | -$107K |
|
2749
AMES National
ATLO
$275M
| $503K | ﹤0.01% |
20,934
+250
| +1% | +$5.31K |
|
2750
Innovator US Equity Buffer ETF July
BJUL
$352M
| $503K | ﹤0.01% |
16,700
-108
| -0.6% | -$3.16K |
|
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.