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 | |
|---|---|---|---|---|---|---|
301
State Street SPDR Nuveen ICE Short Term Municipal Bond ETF
SHM
$3.47B
| $50.7M | 0.06% |
1,023,736
+108,351
| +12% | +$5.38M |
|
302
iShares Expanded Tech-Software Sector ETF
IGV
$12.4B
| $50.3M | 0.06% |
736,670
-75,200
| -9% | -$5.33M |
|
303
Vanguard Financials ETF
VFH
$13.4B
| $49.9M | 0.06% |
590,179
+165,988
| +39% | +$13.2M |
|
304
First Trust Technology AlphaDEX Fund
FXL
$2.4B
| $49.7M | 0.06% |
437,570
-15,453
| -3% | -$1.78M |
|
305
iShares MSCI Global Min Vol Factor ETF
ACWV
$3.34B
| $49.3M | 0.06% |
499,320
-62,412
| -11% | -$6.05M |
|
306
iShares Global Clean Energy ETF
ICLN
$2.22B
| $48.1M | 0.06% |
1,980,546
+666,556
| +51% | +$18.6M |
|
307
Amplify Online Retail ETF
IBUY
$112M
| $48.1M | 0.06% |
386,999
+529
| +0.1% | +$67.8K |
|
308
WisdomTree US Total Dividend Fund
DTD
$1.64B
| $48M | 0.06% |
849,182
+43,316
| +5% | +$2.34M |
|
309
Advanced Micro Devices
AMD
$700B
| $47.9M | 0.06% |
610,668
+64,663
| +12% | +$5.57M |
|
310
GS ActiveBeta US Small Cap Equity ETF
GSSC
$1.04B
| $47.7M | 0.05% |
765,289
+328,419
| +75% | +$20M |
|
311
State Street SPDR S&P Regional Banking ETF
KRE
$4.51B
| $47.7M | 0.05% |
718,792
+440,987
| +159% | +$27.5M |
|
312
State Street SPDR S&P 400 Mid Cap Growth ETF
MDYG
$2.76B
| $47.2M | 0.05% |
628,182
-201,184
| -24% | -$14.9M |
|
313
Blackstone
BX
$104B
| $46.7M | 0.05% |
627,188
+48,506
| +8% | +$3.35M |
|
314
Vanguard Tax-Exempt Bond Index Fund
VTEB
$45.2B
| $46.6M | 0.05% |
852,849
+122,229
| +17% | +$6.72M |
|
315
First Trust Financials AlphaDEX Fund
FXO
$1.14B
| $46.5M | 0.05% |
1,117,371
+218,525
| +24% | +$8.49M |
|
316
Invesco FTSE RAFI US 1000 ETF
PRF
$9.72B
| $46.3M | 0.05% |
1,527,925
-3,995
| -0.3% | -$115K |
|
317
Enbridge
ENB
$120B
| $46M | 0.05% |
1,263,102
+155,546
| +14% | +$5.47M |
|
318
iShares MSCI All Country Asia ex Japan ETF
AAXJ
$3.51B
| $45.9M | 0.05% |
494,937
+68,888
| +16% | +$6.6M |
|
319
Vanguard Short-Term Inflation-Protected Securities Index Fund
VTIP
$19.1B
| $45.8M | 0.05% |
889,107
+229,269
| +35% | +$11.8M |
|
320
Citigroup
C
$213B
| $45.7M | 0.05% |
628,605
+49,264
| +9% | +$3.29M |
|
321
Oracle
ORCL
$339B
| $45.7M | 0.05% |
651,117
+28,688
| +5% | +$1.86M |
|
322
FedEx
FDX
$73B
| $45.7M | 0.05% |
160,765
-1,845
| -1% | -$475K |
|
323
Vanguard Russell 2000 ETF
VTWO
$17.2B
| $45.3M | 0.05% |
508,464
+20,408
| +4% | +$1.8M |
|
324
First Trust Large Cap Value AlphaDEX Fund
FTA
$1.41B
| $45.3M | 0.05% |
711,389
+94,210
| +15% | +$5.62M |
|
325
Eli Lilly
LLY
$1.08T
| $45.2M | 0.05% |
242,100
+3,845
| +2% | +$752K |
|
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.