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 | |
|---|---|---|---|---|---|---|
401
Vanguard Russell 1000 Value ETF
VONV
$20.6B
| $31.1M | 0.04% |
467,980
+112,194
| +32% | +$7.12M |
|
402
Invesco BuyBack Achievers ETF
PKW
$1.72B
| $31M | 0.04% |
367,565
+100,377
| +38% | +$7.96M |
|
403
State Street SPDR S&P Bank ETF
KBE
$1.64B
| $30.9M | 0.04% |
595,664
+344,162
| +137% | +$16.8M |
|
|
FSKR
404
DELISTED
FS KKR Capital Corp. II
FSKR
| $30.9M | 0.04% |
1,581,996
-129,379
| -8% | -$2.35M |
|
405
Trade Desk
TTD
$8.59B
| $30.9M | 0.04% |
473,670
-33,010
| -7% | -$2.55M |
|
|
IBDN
406
DELISTED
iShares iBonds Dec 2022 Term Corporate ETF
IBDN
| $30.8M | 0.04% |
1,210,445
+142,902
| +13% | +$3.64M |
|
|
IBDM
407
DELISTED
iShares iBonds Dec 2021 Term Corporate ETF
IBDM
| $30.7M | 0.04% |
1,236,694
+79,443
| +7% | +$1.98M |
|
408
Vanguard Energy ETF
VDE
$9.97B
| $30.6M | 0.04% |
449,299
+86,728
| +24% | +$5.55M |
|
409
SPDR Gold MiniShares Trust
GLDM
$27.9B
| $30M | 0.03% |
882,880
-440,983
| -33% | -$15.7M |
|
410
Mercado Libre
MELI
$95.6B
| $30M | 0.03% |
20,351
+7,413
| +57% | +$12.6M |
|
411
Goldman Sachs ActiveBeta Emerging Markets Equity ETF
GEM
$1.66B
| $29.8M | 0.03% |
753,716
+96,505
| +15% | +$3.87M |
|
412
General Motors
GM
$80B
| $29.6M | 0.03% |
515,159
+83,651
| +19% | +$4.44M |
|
413
Invesco Leisure and Entertainment ETF
PEJ
$260M
| $29.6M | 0.03% |
643,359
+402,333
| +167% | +$18.6M |
|
414
iShares Semiconductor ETF
SOXX
$41.7B
| $29.5M | 0.03% |
208,578
+30,264
| +17% | +$4.14M |
|
|
UFOX
415
Defiance Space and Connective Tech ETF
UFOX
$833M
| $29.3M | 0.03% |
832,519
+119,508
| +17% | +$4.2M |
|
416
NXP Semiconductors
NXPI
$61.8B
| $29.3M | 0.03% |
145,583
+30,171
| +26% | +$5.51M |
|
417
iShares US Industrials ETF
IYJ
$1.97B
| $29.1M | 0.03% |
275,706
+81,751
| +42% | +$8.2M |
|
418
Global X Lithium & Battery Tech ETF
LIT
$1.53B
| $28.9M | 0.03% |
493,932
+180,457
| +58% | +$11.8M |
|
419
Invesco S&P 500 High Beta ETF
SPHB
$970M
| $28.8M | 0.03% |
413,715
+299,486
| +262% | +$19.4M |
|
420
Stryker
SYK
$133B
| $28.6M | 0.03% |
117,590
+4,139
| +4% | +$993K |
|
421
Broadridge
BR
$17.9B
| $28.6M | 0.03% |
186,990
+15,030
| +9% | +$2.22M |
|
422
iShares Dow Jones US ETF
IYY
$2.93B
| $28.6M | 0.03% |
286,525
+19,238
| +7% | +$1.88M |
|
423
Autodesk
ADSK
$49.6B
| $28.3M | 0.03% |
102,133
+12,120
| +13% | +$3.5M |
|
424
First Trust Dorsey Wright Dynamic Focus 5 ETF
FVC
$105M
| $28.3M | 0.03% |
827,872
-17,927
| -2% | -$594K |
|
425
Intuitive Surgical
ISRG
$126B
| $28.3M | 0.03% |
114,825
+3,438
| +3% | +$865K |
|
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.