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 Morningstar 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 | |
|---|---|---|---|---|---|---|
3551
Perdoceo Education
PRDO
$1.99B
| $361K | ﹤0.01% |
30,728
-855
| -3% | -$9.32K |
|
3552
Westamerica Bancorp
WABC
$1.38B
| $361K | ﹤0.01% |
6,261
-163
| -3% | -$9.18K |
|
|
RTLR
3553
DELISTED
Rattler Midstream LP Common Units
RTLR
| $361K | ﹤0.01% |
31,682
+4,342
| +16% | +$49.7K |
|
3554
Schwab 5-10 Year Corporate Bond ETF
SCHI
$11.5B
| $360K | ﹤0.01% |
13,920
+114
| +0.8% | +$2.95K |
|
3555
Antero Resources
AR
$11.1B
| $359K | ﹤0.01% |
20,537
+1,294
| +7% | +$24.5K |
|
3556
Custom Truck One Source
CTOS
$2.31B
| $359K | ﹤0.01% |
44,868
-882
| -2% | -$7.6K |
|
|
WSR
3557
DELISTED
Whitestone REIT
WSR
| $359K | ﹤0.01% |
35,440
| – | – |
|
|
NUO
3558
DELISTED
Nuveen Ohio Quality Municipal Income Fund
NUO
| $359K | ﹤0.01% |
22,489
-1,307
| -5% | -$21K |
|
|
MODN
3559
DELISTED
MODEL N, INC.
MODN
| $358K | ﹤0.01% |
11,911
| – | – |
|
|
APR
3560
DELISTED
Apria, Inc. Common Stock
APR
| $357K | ﹤0.01% |
10,963
+2,650
| +32% | +$85.9K |
|
|
FFWM
3561
DELISTED
First Foundation Inc
FFWM
| $356K | ﹤0.01% |
14,312
-188
| -1% | -$5.01K |
|
3562
NBT Bancorp
NBTB
$2.74B
| $355K | ﹤0.01% |
9,225
+900
| +11% | +$33.6K |
|
3563
Granite Construction
GVA
$5.29B
| $354K | ﹤0.01% |
9,144
+1,922
| +27% | +$76.2K |
|
|
SBR
3564
Sabine Royalty Trust
SBR
$1.06B
| $354K | ﹤0.01% |
8,494
-107
| -1% | -$4.55K |
|
3565
Universal Corp
UVV
$1.31B
| $354K | ﹤0.01% |
6,445
-109
| -2% | -$5.43K |
|
|
ACB
3566
Aurora Cannabis
ACB
$173M
| $353K | ﹤0.01% |
6,530
-5,992
| -48% | -$403K |
|
|
NXDT
3567
NexPoint Diversified Real Estate Trust
NXDT
$234M
| $353K | ﹤0.01% |
25,980
-65,987
| -72% | -$933K |
|
3568
Viper Energy
VNOM
$8.71B
| $353K | ﹤0.01% |
16,582
-35
| -0.2% | -$783 |
|
3569
CVB Financial
CVBF
$3.94B
| $352K | ﹤0.01% |
16,430
+7
| +0% | +$144 |
|
3570
Outdoor Holding Co
POWW
$249M
| $352K | ﹤0.01% |
64,572
-2,271
| -3% | -$13.9K |
|
|
SPTN
3571
DELISTED
SpartanNash
SPTN
| $352K | ﹤0.01% |
13,646
-2,373
| -15% | -$57.2K |
|
3572
Eastern Bankshares
EBC
$5.26B
| $351K | ﹤0.01% |
17,421
+3,038
| +21% | +$63.1K |
|
3573
BWX Technologies
BWXT
$15.5B
| $350K | ﹤0.01% |
7,318
-543
| -7% | -$28.4K |
|
3574
Civeo
CVEO
$345M
| $350K | ﹤0.01% |
18,276
-3,009
| -14% | -$64.3K |
|
3575
Porch Group
PRCH
$1.64B
| $350K | ﹤0.01% |
22,460
+1,000
| +5% | +$19.3K |
|
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.