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 | |
|---|---|---|---|---|---|---|
351
First Trust Senior Loan Fund ETF
FTSL
$2.32B
| $31M | 0.04% |
652,247
+41,806
| +7% | +$1.95M |
|
352
PGIM Ultra Short Bond ETF
PULS
$17.7B
| $31M | 0.04% |
621,172
+94,975
| +18% | +$4.74M |
|
353
Vanguard Financials ETF
VFH
$13.5B
| $30.9M | 0.04% |
424,191
-48,610
| -10% | -$3.21M |
|
354
iShares MSCI Japan ETF
EWJ
$21.9B
| $30.8M | 0.04% |
456,406
-63,999
| -12% | -$4.02M |
|
355
First Trust Financials AlphaDEX Fund
FXO
$1.13B
| $30.8M | 0.04% |
898,846
+41,741
| +5% | +$1.28M |
|
356
State Street SPDR FactSet Innovative Technology ETF
XITK
$70M
| $30.7M | 0.04% |
142,725
+13,233
| +10% | +$2.53M |
|
357
Realty Income
O
$59.6B
| $30.6M | 0.04% |
508,482
+46,117
| +10% | +$2.73M |
|
358
Alerian MLP ETF
AMLP
$13B
| $30.5M | 0.04% |
1,189,234
+306,250
| +35% | +$7.36M |
|
359
Vanguard International Dividend Appreciation ETF
VIGI
$9.08B
| $30.5M | 0.04% |
374,514
+24,888
| +7% | +$1.91M |
|
360
Intuitive Surgical
ISRG
$127B
| $30.4M | 0.04% |
111,387
+11,172
| +11% | +$2.77M |
|
361
Xtrackers MSCI EAFE Hedged Equity ETF
DBEF
$9.17B
| $29.4M | 0.04% |
874,723
+12,097
| +1% | +$391K |
|
362
John Hancock Multifactor Large Cap ETF
JHML
$1.17B
| $29.3M | 0.04% |
618,890
+13,955
| +2% | +$625K |
|
363
iShares California Muni Bond ETF
CMF
$4.55B
| $29.1M | 0.04% |
462,917
+42,708
| +10% | +$2.67M |
|
364
Invesco Solar ETF
TAN
$1.42B
| $29M | 0.04% |
282,407
+142,126
| +101% | +$11.4M |
|
|
IBDM
365
DELISTED
iShares iBonds Dec 2021 Term Corporate ETF
IBDM
| $28.8M | 0.04% |
1,157,251
+16,939
| +1% | +$423K |
|
366
State Street SPDR Bloomberg Short Term High Yield Bond ETF
SJNK
$4.89B
| $28.8M | 0.04% |
1,067,132
+156,280
| +17% | +$4.12M |
|
367
American Tower
AMT
$80.8B
| $28.7M | 0.04% |
127,894
+7,551
| +6% | +$1.76M |
|
368
iShares Core Moderate Allocation ETF
AOM
$1.75B
| $28.4M | 0.04% |
656,565
+62,189
| +10% | +$2.62M |
|
369
CSX Corp
CSX
$93.4B
| $28.4M | 0.04% |
937,458
+131,535
| +16% | +$3.78M |
|
370
TSMC
TSM
$2.1T
| $28.2M | 0.04% |
258,816
+45,044
| +21% | +$4.27M |
|
371
American Express
AXP
$227B
| $28.2M | 0.04% |
232,898
-9,578
| -4% | -$1.06M |
|
|
FSKR
372
DELISTED
FS KKR Capital Corp. II
FSKR
| $28.1M | 0.04% |
1,711,375
-88,855
| -5% | -$1.42M |
|
373
Invesco Large Cap Growth ETF
PWB
$2.29B
| $27.8M | 0.04% |
411,942
-406,779
| -50% | -$26.2M |
|
374
Stryker
SYK
$125B
| $27.8M | 0.04% |
113,451
+14,043
| +14% | +$3.18M |
|
375
First Trust NASDAQ Technology Dividend Index Fund
TDIV
$4.18B
| $27.7M | 0.04% |
559,926
+120,018
| +27% | +$5.57M |
|
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.