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 |
Invesco QQQ Trust
QQQ
|
+$205M |
| 2 |
iShares Core S&P 500 ETF
IVV
|
+$199M |
| 3 |
First Trust Rising Dividend Achievers ETF
RDVY
|
+$180M |
| 4 |
iShares TIPS Bond ETF
TIP
|
+$140M |
| 5 |
iShares Core S&P Small-Cap ETF
IJR
|
+$121M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
iShares 1-5 Year Investment Grade Corporate Bond ETF
IGSB
|
+$134M |
| 2 |
iShares Core US Aggregate Bond ETF
AGG
|
+$64.2M |
| 3 |
Vanguard Total Stock Market ETF
VTI
|
+$47.3M |
| 4 |
iShares Global Tech ETF
IXN
|
+$43.6M |
| 5 |
State Street SPDR Portfolio Intermediate Term Corporate Bond ETF
SPIB
|
+$43.4M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 6.8% |
| 2 | Consumer Discretionary | 3.12% |
| 3 | Financials | 3.04% |
| 4 | Healthcare | 2.77% |
| 5 | Communication Services | 2.23% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
326
Enbridge
ENB
$120B
| $62.9M | 0.05% |
1,609,631
+88,836
| +6% | +$3.56M |
|
327
iShares Expanded Tech-Software Sector ETF
IGV
$12.4B
| $62.8M | 0.05% |
789,630
+78,865
| +11% | +$6.59M |
|
328
Schwab US TIPS ETF
SCHP
$16.4B
| $62.3M | 0.05% |
1,981,318
+876,858
| +79% | +$27.6M |
|
329
Intuitive Surgical
ISRG
$127B
| $61.7M | 0.05% |
171,812
+36,821
| +27% | +$12.7M |
|
330
iShares Core MSCI Total International Stock ETF
IXUS
$56.8B
| $61.5M | 0.05% |
867,397
-124,610
| -13% | -$8.96M |
|
331
State Street SPDR Bloomberg 1-10 Year TIPS ETF
TIPX
$2.02B
| $61.4M | 0.05% |
2,907,573
+2,316,246
| +392% | +$49.1M |
|
332
Invesco S&P MidCap Momentum ETF
XMMO
$6.9B
| $61.4M | 0.05% |
675,102
+54,362
| +9% | +$4.92M |
|
333
Vanguard Financials ETF
VFH
$13.4B
| $61.3M | 0.05% |
634,274
+66,683
| +12% | +$6.5M |
|
334
First Trust Large Cap Value AlphaDEX Fund
FTA
$1.41B
| $60M | 0.05% |
858,769
-2,808
| -0.3% | -$190K |
|
335
FS KKR Capital
FSK
$3.01B
| $59.5M | 0.05% |
2,839,992
-80,184
| -3% | -$1.73M |
|
336
Realty Income
O
$61.1B
| $59.2M | 0.05% |
827,465
+97,970
| +13% | +$6.74M |
|
337
VanEck Gold Miners ETF
GDX
$22.5B
| $59M | 0.05% |
1,841,899
-16,440
| -0.9% | -$525K |
|
338
iShares 0-1 Year Treasury Bond ETF
SHV
$20.8B
| $57.3M | 0.05% |
518,722
+24,846
| +5% | +$2.74M |
|
339
State Street SPDR Bloomberg Short Term High Yield Bond ETF
SJNK
$4.87B
| $56.8M | 0.05% |
2,093,021
+83,659
| +4% | +$2.27M |
|
340
Medtronic
MDT
$112B
| $56.7M | 0.05% |
548,299
+47,715
| +10% | +$5.53M |
|
341
Vanguard Intermediate-Term Treasury ETF
VGIT
$41.7B
| $56M | 0.05% |
841,928
+103,164
| +14% | +$6.91M |
|
342
Gilead Sciences
GILD
$165B
| $55.8M | 0.05% |
767,837
+54,957
| +8% | +$3.79M |
|
343
Intuit
INTU
$91.1B
| $55.4M | 0.05% |
86,124
+7,606
| +10% | +$4.7M |
|
344
First Trust Small Cap Core AlphaDEX Fund
FYX
$1.36B
| $55.4M | 0.05% |
570,501
+53,099
| +10% | +$5.1M |
|
345
First Trust Water ETF
FIW
$1.87B
| $55.2M | 0.05% |
582,056
+134,595
| +30% | +$12.2M |
|
346
FedEx
FDX
$73B
| $55.1M | 0.05% |
213,051
+19,572
| +10% | +$4.7M |
|
347
Texas Instruments
TXN
$248B
| $54.8M | 0.05% |
290,847
+23,869
| +9% | +$4.58M |
|
348
WisdomTree US MidCap Dividend Fund
DON
$4.05B
| $54.4M | 0.05% |
1,226,278
+28,469
| +2% | +$1.24M |
|
349
iShares Short Maturity Bond ETF
NEAR
$4.82B
| $54.4M | 0.05% |
1,088,838
-245,170
| -18% | -$12.3M |
|
350
Vanguard Mega Cap 300 Index ETF
MGC
$9.71B
| $53.6M | 0.05% |
318,895
+17,934
| +6% | +$2.92M |
|
Similar funds
LPL Financial's Q4 2021 Portfolio in Review
As of Q4 2021, LPL Financial held 4,559 positions worth $119B, up 12% from $106B the previous quarter. Its ten largest holdings account for 19% of the portfolio.
LPL Financial deployed $6.13B of net new capital in Q4 2021, opening 235 new positions and adding to 2,641 existing holdings. Its largest new stake was iShares MSCI South Africa ETF: 184,094 shares worth $8.54M.
By sector, the portfolio is most concentrated in Technology at 6.8% of assets, up from 6.3% a quarter earlier, followed by Consumer Discretionary and Financials.
On the sell side, the largest reduction was iShares 1-5 Year Investment Grade Corporate Bond ETF, an estimated $134M trimmed.
- LPL Financial's largest Q4 2021 buy was iShares MSCI South Africa ETF: 184,094 shares worth $8.54M.
- LPL Financial added most to Invesco QQQ Trust in Q4 2021, an estimated $205M increase.
- LPL Financial's biggest Q4 2021 reduction was iShares 1-5 Year Investment Grade Corporate Bond ETF, cutting an estimated $134M.
- LPL Financial fully exited iShares iBonds Dec 2021 Term Corporate ETF in Q4 2021, selling an estimated $25.2M.
- LPL Financial's ten largest holdings make up 19% of its $119B portfolio in Q4 2021.
- LPL Financial opened 235 new positions and closed 224 in Q4 2021.
- LPL Financial's portfolio value rose 12% quarter-over-quarter to $119B.
Based on LPL Financial's 13F filing for Q4 2021, filed 14 Feb 2022.