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 | |
|---|---|---|---|---|---|---|
2801
Hancock Whitney
HWC
$6.32B
| $647K | ﹤0.01% |
15,407
+4,844
| +46% | +$191K |
|
2802
iShares MSCI Global Silver and Metals Miners ETF
SLVP
$828M
| $647K | ﹤0.01% |
43,825
+16,006
| +58% | +$257K |
|
2803
Principal Active High Yield ETF
YLD
$582M
| $647K | ﹤0.01% |
31,728
-6,706
| -17% | -$135K |
|
2804
BlackRock MuniHoldings California Quality Fund
MUC
$1.01B
| $646K | ﹤0.01% |
42,920
+2,119
| +5% | +$31.7K |
|
2805
Halozyme
HALO
$9.87B
| $645K | ﹤0.01% |
15,476
+4,990
| +48% | +$228K |
|
2806
Heritage Financial
HFWA
$1.25B
| $645K | ﹤0.01% |
22,830
| – | – |
|
2807
Floor & Decor
FND
$6.46B
| $644K | ﹤0.01% |
6,747
+812
| +14% | +$79.1K |
|
2808
Visteon
VC
$2.81B
| $643K | ﹤0.01% |
5,276
+317
| +6% | +$41.6K |
|
|
PRTK
2809
DELISTED
Paratek Pharmaceuticals, Inc.
PRTK
| $643K | ﹤0.01% |
91,129
-3,256
| -3% | -$23.4K |
|
2810
Bentley Systems
BSY
$11B
| $642K | ﹤0.01% |
+13,684
| New | +$626K |
|
2811
Cal-Maine
CALM
$3.98B
| $640K | ﹤0.01% |
16,646
+1
| +0% | +$39 |
|
|
NXRT
2812
NexPoint Residential Trust
NXRT
$623M
| $640K | ﹤0.01% |
13,897
+8,175
| +143% | +$350K |
|
2813
Union Bankshares
UNB
$108M
| $640K | ﹤0.01% |
21,332
+741
| +4% | +$20.5K |
|
2814
Murphy Oil
MUR
$5.5B
| $639K | ﹤0.01% |
38,927
+4,398
| +13% | +$68.8K |
|
2815
Q2 Holdings
QTWO
$3.99B
| $639K | ﹤0.01% |
6,382
+1,471
| +30% | +$183K |
|
|
FIF
2816
DELISTED
FIRST TRUST ENERGY INFRASTRUCTURE FUND
FIF
| $638K | ﹤0.01% |
51,520
-4,164
| -7% | -$47.3K |
|
2817
Acuity Brands
AYI
$10.4B
| $636K | ﹤0.01% |
3,852
-622
| -14% | -$79.3K |
|
2818
First Trust Japan AlphaDEX Fund
FJP
$259M
| $636K | ﹤0.01% |
11,907
-12,124
| -50% | -$641K |
|
|
HPS
2819
John Hancock Preferred Income Fund III
HPS
$459M
| $636K | ﹤0.01% |
34,951
-1,333
| -4% | -$22.7K |
|
2820
Rapid7
RPD
$720M
| $635K | ﹤0.01% |
8,509
-790
| -8% | -$65.7K |
|
|
CLVS
2821
DELISTED
Clovis Oncology, Inc.
CLVS
| $635K | ﹤0.01% |
90,405
+33,825
| +60% | +$227K |
|
2822
Westlake Corp
WLK
$10.3B
| $634K | ﹤0.01% |
7,135
-465
| -6% | -$40.4K |
|
2823
Neurocrine Biosciences
NBIX
$16.9B
| $633K | ﹤0.01% |
6,509
-2,035
| -24% | -$213K |
|
2824
Veracyte
VCYT
$3.73B
| $633K | ﹤0.01% |
11,772
+1,018
| +9% | +$58.6K |
|
2825
FlexShares US Quality Large Cap Index Fund
QLC
$1.04B
| $631K | ﹤0.01% |
14,494
+5,419
| +60% | +$230K |
|
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.