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 | |
|---|---|---|---|---|---|---|
3001
BlackRock MuniAssets Fund
MUA
$513M
| $383K | ﹤0.01% |
26,123
+470
| +2% | +$6.67K |
|
3002
Clearfield
CLFD
$436M
| $382K | ﹤0.01% |
15,445
-3,616
| -19% | -$84.6K |
|
3003
Kontoor Brands
KTB
$4.68B
| $382K | ﹤0.01% |
9,424
-874
| -8% | -$32.2K |
|
|
SNBR
3004
DELISTED
Sleep Number
SNBR
| $382K | ﹤0.01% |
4,667
+417
| +10% | +$28.9K |
|
|
WBK
3005
DELISTED
Westpac Banking Corporation
WBK
| $382K | ﹤0.01% |
25,617
+528
| +2% | +$7.37K |
|
3006
BlackRock MuniHoldings Fund
MHD
$601M
| $381K | ﹤0.01% |
23,503
+48
| +0.2% | +$750 |
|
|
JEMD
3007
DELISTED
Nuveen Emerging Markets Debt 2022 Target Term Fund, Common Shares of Beneficial Interest, $0.01 par value per share
JEMD
| $381K | ﹤0.01% |
50,871
-1,061
| -2% | -$7.8K |
|
3008
Coca-Cola Europacific Partners
CCEP
$47.8B
| $380K | ﹤0.01% |
7,618
+1,188
| +18% | +$50.2K |
|
3009
Parsons
PSN
$5.09B
| $380K | ﹤0.01% |
10,439
-294
| -3% | -$9.88K |
|
3010
Sphere Entertainment
SPHR
$5.29B
| $378K | ﹤0.01% |
+3,596
| New | +$275K |
|
|
CNH
3011
CNH Industrial
CNH
$13.4B
| $378K | ﹤0.01% |
33,845
+4,695
| +16% | +$40.9K |
|
|
AEGN
3012
DELISTED
Aegion Corp
AEGN
| $378K | ﹤0.01% |
19,915
+6,512
| +49% | +$109K |
|
3013
Dana Inc
DAN
$2.97B
| $377K | ﹤0.01% |
19,330
+9,019
| +87% | +$151K |
|
3014
KE Holdings
BEKE
$19.1B
| $376K | ﹤0.01% |
+6,117
| New | +$407K |
|
3015
Hain Celestial
HAIN
$45.5M
| $376K | ﹤0.01% |
+9,357
| New | +$340K |
|
3016
Hilltop Holdings
HTH
$2.28B
| $376K | ﹤0.01% |
13,655
-230
| -2% | -$5.52K |
|
3017
Applied Industrial Technologies
AIT
$13B
| $375K | ﹤0.01% |
4,806
+295
| +7% | +$20.8K |
|
3018
FNB Corp
FNB
$6.83B
| $375K | ﹤0.01% |
39,449
+711
| +2% | +$6.02K |
|
|
BFX
3019
DELISTED
BowFlex Inc.
BFX
| $375K | ﹤0.01% |
20,676
-38,775
| -65% | -$807K |
|
|
PVBC
3020
DELISTED
Provident Bancorp
PVBC
| $374K | ﹤0.01% |
31,167
+6
| +0% | +$59 |
|
3021
Butterfly Network
BFLY
$2.19B
| $373K | ﹤0.01% |
+18,836
| New | +$241K |
|
3022
Shift4
FOUR
$4.31B
| $373K | ﹤0.01% |
4,950
+791
| +19% | +$47.3K |
|
3023
MSC Industrial Direct
MSM
$6.98B
| $373K | ﹤0.01% |
4,423
-227
| -5% | -$17.5K |
|
3024
FlexShares US Quality Large Cap Index Fund
QLC
$1.02B
| $373K | ﹤0.01% |
+9,075
| New | +$351K |
|
|
AVTA
3025
DELISTED
Avantax, Inc. Common Stock
AVTA
| $373K | ﹤0.01% |
23,448
-2,087
| -8% | -$25.5K |
|
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.