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 | |
|---|---|---|---|---|---|---|
401
Autodesk
ADSK
$51.8B
| $42.3M | 0.04% |
150,557
+18,664
| +14% | +$5.44M |
|
402
American Electric Power
AEP
$70.4B
| $41.9M | 0.04% |
470,545
+35,910
| +8% | +$3.03M |
|
403
iShares Core Moderate Allocation ETF
AOM
$1.74B
| $41.7M | 0.04% |
918,156
+37,323
| +4% | +$1.69M |
|
404
Invesco Actively Managed Exch-Traded Commodity Fd Tr Invesco Optimum Yield Diversified Commodity Strategy No K-1 ETF
PDBC
$6.38B
| $41.6M | 0.03% |
2,958,288
-422,188
| -12% | -$8.31M |
|
405
John Hancock Multifactor Large Cap ETF
JHML
$1.15B
| $41.5M | 0.03% |
697,315
+23,631
| +4% | +$1.37M |
|
406
State Street SPDR Nuveen ICE Short Term Municipal Bond ETF
SHM
$3.47B
| $41.2M | 0.03% |
837,418
-105,707
| -11% | -$5.21M |
|
407
iShares Global REIT ETF
REET
$5.14B
| $41.1M | 0.03% |
1,342,754
+21,517
| +2% | +$629K |
|
408
First Trust Consumer Discretionary AlphaDEX Fund
FXD
$276M
| $41M | 0.03% |
661,055
+31,889
| +5% | +$1.97M |
|
409
US Global Jets ETF
JETS
$768M
| $41M | 0.03% |
1,944,623
-156,645
| -7% | -$3.49M |
|
410
Paychex
PAYX
$43.4B
| $41M | 0.03% |
300,303
+15,340
| +5% | +$1.9M |
|
411
Citigroup
C
$213B
| $40.9M | 0.03% |
676,850
+1,839
| +0.3% | +$122K |
|
412
iShares International Select Dividend ETF
IDV
$8.31B
| $40.8M | 0.03% |
1,308,125
-756,942
| -37% | -$23.4M |
|
413
WisdomTree US SmallCap Dividend Fund
DES
$2.19B
| $40.7M | 0.03% |
1,238,904
+36,521
| +3% | +$1.18M |
|
414
Vanguard S&P 500 Value ETF
VOOV
$6.61B
| $40.6M | 0.03% |
268,379
+20,943
| +8% | +$3.08M |
|
415
Dow Inc
DOW
$22B
| $40.6M | 0.03% |
715,290
+144,819
| +25% | +$8.26M |
|
416
iShares MSCI EAFE Small-Cap ETF
SCZ
$13.1B
| $40.3M | 0.03% |
551,411
+32,314
| +6% | +$2.4M |
|
417
Vanguard Long-Term Corporate Bond ETF
VCLT
$8.81B
| $40.2M | 0.03% |
380,091
+14,390
| +4% | +$1.53M |
|
418
WisdomTree US SmallCap Earnings Fund
EES
$720M
| $39.9M | 0.03% |
776,477
+496,130
| +177% | +$25.3M |
|
419
Colgate-Palmolive
CL
$74.8B
| $39.9M | 0.03% |
467,577
+43,223
| +10% | +$3.38M |
|
420
iShares ESG Aware MSCI EAFE ETF
ESGD
$11.7B
| $39.9M | 0.03% |
501,660
+42,098
| +9% | +$3.35M |
|
421
Uber
UBER
$145B
| $39.8M | 0.03% |
947,640
+138,816
| +17% | +$5.98M |
|
422
Mondelez International
MDLZ
$82.9B
| $39.7M | 0.03% |
598,919
+48,583
| +9% | +$3M |
|
423
Emerson Electric
EMR
$81.6B
| $39.7M | 0.03% |
426,885
-2,290
| -0.5% | -$216K |
|
424
iShares US Industrials ETF
IYJ
$1.95B
| $39.2M | 0.03% |
347,375
+13,382
| +4% | +$1.48M |
|
425
Pacer US Small Cap Cash Cows 100 ETF
CALF
$3.75B
| $39.1M | 0.03% |
913,525
+304,924
| +50% | +$13.4M |
|
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.