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 | |
|---|---|---|---|---|---|---|
2951
Beam Global
BEEM
$24.2M
| $403K | ﹤0.01% |
+5,460
| New | +$151K |
|
|
DMF
2952
DELISTED
BNY Mellon Municipal Income
DMF
| $401K | ﹤0.01% |
45,173
+2,333
| +5% | +$20K |
|
2953
First Trust Asia Pacific ex-Japan AlphaDEX Fund
FPA
$103M
| $401K | ﹤0.01% |
+12,614
| New | +$365K |
|
2954
Nuveen Enhanced Yield US Aggregate Bond ETF
NUAG
$94.8M
| $401K | ﹤0.01% |
15,583
+204
| +1% | +$5.23K |
|
2955
Helmerich & Payne
HP
$3.41B
| $400K | ﹤0.01% |
17,283
+322
| +2% | +$6.24K |
|
2956
Radware
RDWR
$1.16B
| $400K | ﹤0.01% |
14,403
+661
| +5% | +$16.5K |
|
2957
Global X MSCI SuperDividend EAFE ETF
EFAS
$53.2M
| $399K | ﹤0.01% |
27,238
-37,813
| -58% | -$507K |
|
2958
Zions Bancorporation
ZION
$10.3B
| $399K | ﹤0.01% |
9,183
-162
| -2% | -$5.99K |
|
|
ALTR
2959
DELISTED
Altair Engineering Inc
ALTR
| $399K | ﹤0.01% |
6,858
+341
| +5% | +$17.2K |
|
2960
IPG Photonics
IPGP
$3.7B
| $398K | ﹤0.01% |
1,777
+182
| +11% | +$36.5K |
|
|
EGOV
2961
DELISTED
NIC Inc
EGOV
| $398K | ﹤0.01% |
15,395
+1,269
| +9% | +$29.5K |
|
|
INSI
2962
DELISTED
Insight Select Income Fund
INSI
| $397K | ﹤0.01% |
18,577
-406
| -2% | -$8.49K |
|
|
ROOF
2963
DELISTED
NYLI CBRE NextGen Real Estate ETF
ROOF
| $397K | ﹤0.01% |
18,507
-5,384
| -23% | -$107K |
|
2964
Arrow Electronics
ARW
$11.1B
| $395K | ﹤0.01% |
+4,061
| New | +$359K |
|
2965
Calumet Specialty Products
CLMT
$3.69B
| $395K | ﹤0.01% |
126,080
-9,713
| -7% | -$33.9K |
|
|
DUC
2966
DELISTED
Duff & Phelps Utility & Corporate Bond Trust
DUC
| $394K | ﹤0.01% |
39,287
+1,743
| +5% | +$16.5K |
|
2967
Genpact
G
$5.96B
| $393K | ﹤0.01% |
9,507
-1,547
| -14% | -$61.1K |
|
|
FT
2968
Franklin Universal Trust
FT
$198M
| $392K | ﹤0.01% |
52,369
+35,009
| +202% | +$250K |
|
|
LGI
2969
Lazard Global Total Return & Income Fund
LGI
$236M
| $392K | ﹤0.01% |
22,024
-816
| -4% | -$13.5K |
|
2970
ESCO Technologies
ESE
$8.24B
| $391K | ﹤0.01% |
3,783
+223
| +6% | +$21K |
|
2971
KBR
KBR
$4.68B
| $390K | ﹤0.01% |
12,622
+951
| +8% | +$25K |
|
2972
PJT Partners
PJT
$4.36B
| $390K | ﹤0.01% |
5,188
-431
| -8% | -$30.4K |
|
|
CN
2973
DELISTED
Xtrackers MSCI All China Equity ETF
CN
| $390K | ﹤0.01% |
8,664
-522
| -6% | -$22.7K |
|
2974
Axos Financial
AX
$5.88B
| $389K | ﹤0.01% |
10,354
-48
| -0.5% | -$1.52K |
|
2975
Virtus Biotech ETF
BBP
$94.3M
| $389K | ﹤0.01% |
7,315
-326
| -4% | -$16.7K |
|
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.