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 | |
|---|---|---|---|---|---|---|
426
iShares MSCI Japan ETF
EWJ
$21.2B
| $38.9M | 0.03% |
581,524
-213,623
| -27% | -$14.6M |
|
427
Goldman Sachs ActiveBeta Emerging Markets Equity ETF
GEM
$1.6B
| $38.8M | 0.03% |
1,048,604
+133,006
| +15% | +$4.94M |
|
428
TE Connectivity
TEL
$60B
| $38.7M | 0.03% |
240,069
+20,621
| +9% | +$3.19M |
|
429
First Trust Indxx NextG ETF
NXTG
$523M
| $38.5M | 0.03% |
465,713
+8,529
| +2% | +$679K |
|
430
iShares California Muni Bond ETF
CMF
$4.55B
| $38.5M | 0.03% |
617,109
+13,007
| +2% | +$808K |
|
431
Becton Dickinson
BDX
$46.4B
| $38.3M | 0.03% |
156,200
+28,408
| +22% | +$6.81M |
|
432
Hershey
HSY
$37.3B
| $38.2M | 0.03% |
197,562
+7,839
| +4% | +$1.42M |
|
433
Eaton
ETN
$141B
| $38.2M | 0.03% |
220,972
+23,821
| +12% | +$3.95M |
|
434
FT Vest S&P 500 Dividend Aristocrats Target Income ETF
KNG
$3.46B
| $37.9M | 0.03% |
662,924
+156,738
| +31% | +$8.64M |
|
435
First Trust Municipal High Income ETF
FMHI
$991M
| $37.8M | 0.03% |
672,656
+222,615
| +49% | +$12.4M |
|
436
Quadratic Interest Rate Volatility and Inflation Hedge ETF
IVOL
$274M
| $37.6M | 0.03% |
1,399,201
-535,052
| -28% | -$14.6M |
|
437
WisdomTree US MidCap Fund
EZM
$939M
| $37.5M | 0.03% |
667,059
+525,423
| +371% | +$28.9M |
|
438
Goldman Sachs Access Inflation Protected USD Bond ETF
GTIP
$293M
| $37.5M | 0.03% |
641,618
+78,765
| +14% | +$4.6M |
|
439
iShares Morningstar Mid-Cap Growth ETF
IMCG
$3.88B
| $37.3M | 0.03% |
509,549
+26,888
| +6% | +$1.96M |
|
440
iShares Global Clean Energy ETF
ICLN
$2.22B
| $37.3M | 0.03% |
1,761,473
-74,939
| -4% | -$1.72M |
|
441
PUT
State Street SPDR S&P 500 ETF Trust
SPY
$771B
| $37.2M | 0.03% |
78,300
-259,000
| -77% | -$119M |
|
442
Air Products & Chemicals
APD
$65.5B
| $37.1M | 0.03% |
122,055
+6,835
| +6% | +$2.01M |
|
443
State Street SPDR Dow Jones REIT ETF
RWR
$1.9B
| $37M | 0.03% |
303,216
+163,396
| +117% | +$18.8M |
|
444
Edwards Lifesciences
EW
$49.4B
| $37M | 0.03% |
285,359
+21,931
| +8% | +$2.56M |
|
445
iShares Dow Jones US ETF
IYY
$2.89B
| $36.8M | 0.03% |
312,314
+5,086
| +2% | +$584K |
|
446
CrowdStrike
CRWD
$183B
| $36.7M | 0.03% |
717,712
+3,340
| +0.5% | +$203K |
|
447
iShares MSCI Emerging Markets Min Vol Factor ETF
EEMV
$3.36B
| $36.6M | 0.03% |
583,007
+13,314
| +2% | +$839K |
|
448
Prudential Financial
PRU
$42.6B
| $36.5M | 0.03% |
336,777
+33,997
| +11% | +$3.69M |
|
449
iShares MSCI Intl Quality Factor ETF
IQLT
$13.6B
| $36.4M | 0.03% |
925,177
+89,771
| +11% | +$3.52M |
|
450
Williams Companies
WMB
$85.8B
| $36.4M | 0.03% |
1,396,260
+138,835
| +11% | +$3.84M |
|
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.