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 | |
|---|---|---|---|---|---|---|
376
Schwab U.S Small- Cap ETF
SCHA
$21.8B
| $48M | 0.04% |
1,874,692
+109,416
| +6% | +$2.83M |
|
377
Lam Research
LRCX
$316B
| $47.4M | 0.04% |
659,240
-54,770
| -8% | -$3.43M |
|
378
Applied Materials
AMAT
$347B
| $47.3M | 0.04% |
300,605
+20,540
| +7% | +$2.98M |
|
379
Pacer US Cash Cows 100 ETF
COWZ
$19B
| $46.9M | 0.04% |
995,723
+277,897
| +39% | +$12.7M |
|
380
TSMC
TSM
$1.94T
| $46.4M | 0.04% |
385,958
+27,173
| +8% | +$3.18M |
|
381
Truist Financial
TFC
$63.9B
| $46.2M | 0.04% |
789,846
+69,347
| +10% | +$4.24M |
|
382
Invesco S&P 500 Revenue ETF
RWL
$9.57B
| $46.1M | 0.04% |
577,073
-26,587
| -4% | -$2.05M |
|
383
Global X US Preferred ETF
PFFD
$2.13B
| $46M | 0.04% |
1,786,255
+377,494
| +27% | +$9.67M |
|
|
DFUS
384
Dimensional US Equity ETF
DFUS
$20.3B
| $46M | 0.04% |
889,623
+38,296
| +4% | +$1.92M |
|
385
Zoetis
ZTS
$32.7B
| $45.8M | 0.04% |
187,678
+16,678
| +10% | +$3.65M |
|
386
Palo Alto Networks
PANW
$256B
| $45.6M | 0.04% |
491,454
+57,162
| +13% | +$4.94M |
|
387
Prologis
PLD
$136B
| $45.5M | 0.04% |
270,253
+16,770
| +7% | +$2.5M |
|
388
Coinbase
COIN
$42.2B
| $45.1M | 0.04% |
178,732
+49,815
| +39% | +$14.5M |
|
389
First Trust Health Care AlphaDEX Fund
FXH
$1.05B
| $44.3M | 0.04% |
356,614
+27
| +0% | +$3.23K |
|
390
Pacer Trendpilot 100 ETF
PTNQ
$1.16B
| $44.2M | 0.04% |
749,235
+31,574
| +4% | +$1.83M |
|
391
Alibaba
BABA
$276B
| $44M | 0.04% |
369,991
-20,995
| -5% | -$3.06M |
|
392
Vanguard Russell 2000 ETF
VTWO
$17.2B
| $43.8M | 0.04% |
487,448
-78,428
| -14% | -$7.16M |
|
|
UFOX
393
Defiance Space and Connective Tech ETF
UFOX
$795M
| $43.6M | 0.04% |
1,045,556
+314,993
| +43% | +$12.4M |
|
394
State Street SPDR S&P Homebuilders ETF
XHB
$1.61B
| $43.4M | 0.04% |
505,664
-111,553
| -18% | -$8.94M |
|
395
Oneok
OKE
$56.7B
| $43.4M | 0.04% |
738,152
+159,047
| +27% | +$9.86M |
|
396
General Motors
GM
$80.9B
| $43.3M | 0.04% |
739,039
+47,968
| +7% | +$2.8M |
|
397
State Street SPDR Portfolio High Yield Bond ETF
SPHY
$11.5B
| $43.2M | 0.04% |
1,626,403
-192,175
| -11% | -$5.1M |
|
398
First Trust Mid Cap Growth AlphaDEX Fund
FNY
$565M
| $43.2M | 0.04% |
581,780
+8,714
| +2% | +$650K |
|
399
First Trust NYSE Arca Biotechnology Index Fund
FBT
$2.84B
| $43M | 0.04% |
265,458
-20,474
| -7% | -$3.31M |
|
400
iShares Expanded Tech Sector ETF
IGM
$9.57B
| $42.8M | 0.04% |
585,360
-5,868
| -1% | -$422K |
|
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.