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 | |
|---|---|---|---|---|---|---|
501
First Trust Small Cap Growth AlphaDEX Fund
FYC
$1.24B
| $31M | 0.03% |
416,305
-4,829
| -1% | -$362K |
|
502
Linde
LIN
$236B
| $30.8M | 0.03% |
89,047
+8,458
| +10% | +$2.74M |
|
503
ConocoPhillips
COP
$144B
| $30.7M | 0.03% |
425,653
-30,273
| -7% | -$2.21M |
|
504
ARK Blockchain & Fintech Innovation ETF
ARKF
$731M
| $30.7M | 0.03% |
750,871
-100,461
| -12% | -$4.84M |
|
505
Rockwell Automation
ROK
$51.1B
| $30.6M | 0.03% |
87,608
+6,500
| +8% | +$2.15M |
|
506
Moderna
MRNA
$21.6B
| $30.5M | 0.03% |
120,197
-29,864
| -20% | -$8.73M |
|
507
Invesco S&P 500 Equal Weight Technology ETF
RSPT
$5.31B
| $30.4M | 0.03% |
937,030
-82,760
| -8% | -$2.56M |
|
508
Amplify Cybersecurity ETF
HACK
$2.6B
| $30.3M | 0.03% |
493,444
+18,076
| +4% | +$1.14M |
|
509
American Water Works
AWK
$27B
| $30.3M | 0.03% |
160,457
+13,188
| +9% | +$2.3M |
|
510
Fidelity MSCI Information Technology Index ETF
FTEC
$18.9B
| $30.2M | 0.03% |
222,956
+24,741
| +12% | +$3.21M |
|
511
iShares 10-20 Year Treasury Bond ETF
TLH
$11B
| $30.2M | 0.03% |
203,224
+17,602
| +9% | +$2.61M |
|
512
Vanguard Energy ETF
VDE
$9.9B
| $30.1M | 0.03% |
388,067
-13,810
| -3% | -$1.1M |
|
513
First Trust Low Duration Strategic Focus ETF
LDSF
$161M
| $30M | 0.03% |
1,499,946
+194,246
| +15% | +$3.89M |
|
514
Vanguard International High Dividend Yield ETF
VYMI
$20.3B
| $29.9M | 0.03% |
445,021
+234,418
| +111% | +$15.8M |
|
515
Sherwin-Williams
SHW
$83.5B
| $29.8M | 0.03% |
84,637
+1,612
| +2% | +$521K |
|
516
Norfolk Southern
NSC
$75.4B
| $29.8M | 0.03% |
100,090
+7,965
| +9% | +$2.22M |
|
|
GRID
517
First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund
GRID
$10.8B
| $29.8M | 0.03% |
289,835
+63,649
| +28% | +$6.4M |
|
518
Freeport-McMoran
FCX
$86.2B
| $29.7M | 0.03% |
712,682
+41,818
| +6% | +$1.59M |
|
519
Micron Technology
MU
$835B
| $29.7M | 0.02% |
318,395
+33,722
| +12% | +$2.63M |
|
520
Booking.com
BKNG
$156B
| $29.6M | 0.02% |
308,375
+30,925
| +11% | +$2.93M |
|
521
iShares 0-5 Year Investment Grade Corporate Bond ETF
SLQD
$2.37B
| $29.5M | 0.02% |
578,644
+139,543
| +32% | +$7.15M |
|
522
Invesco Water Resources ETF
PHO
$2.03B
| $29.5M | 0.02% |
485,483
-28,858
| -6% | -$1.68M |
|
523
State Street SPDR S&P 1500 Momentum Tilt ETF
MMTM
$155M
| $29.4M | 0.02% |
144,987
+7,142
| +5% | +$1.41M |
|
524
Invesco Dow Jones Industrial Average Dividend ETF
DJD
$483M
| $29.4M | 0.02% |
646,704
+139,142
| +27% | +$6.14M |
|
525
First Trust S&P REIT Index Fund
FRI
$193M
| $29.3M | 0.02% |
899,498
+53,140
| +6% | +$1.63M |
|
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.