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 | |
|---|---|---|---|---|---|---|
526
United Rentals
URI
$65.7B
| $29.3M | 0.02% |
88,157
+5,800
| +7% | +$2.07M |
|
527
Cummins
CMI
$83.6B
| $29.2M | 0.02% |
133,914
+6,368
| +5% | +$1.45M |
|
528
iShares Core 1-5 Year USD Bond ETF
ISTB
$5.11B
| $29.1M | 0.02% |
577,828
-10,606
| -2% | -$537K |
|
529
BCE
BCE
$20.8B
| $29.1M | 0.02% |
558,540
+53,631
| +11% | +$2.74M |
|
530
Fidelity Nasdaq Composite Index ETF
ONEQ
$9.97B
| $29.1M | 0.02% |
477,184
+11,508
| +2% | +$689K |
|
|
IBDP
531
DELISTED
iShares iBonds Dec 2024 Term Corporate ETF
IBDP
| $28.9M | 0.02% |
1,116,122
+75,001
| +7% | +$1.95M |
|
532
TJX Companies
TJX
$179B
| $28.9M | 0.02% |
380,436
+35,903
| +10% | +$2.49M |
|
533
Aflac
AFL
$65.5B
| $28.8M | 0.02% |
493,984
+41,435
| +9% | +$2.32M |
|
534
Constellation Brands
STZ
$22.5B
| $28.8M | 0.02% |
114,704
+5,925
| +5% | +$1.35M |
|
535
Goldman Sachs Access Treasury 0-1 Year ETF
GBIL
$7.64B
| $28.6M | 0.02% |
285,952
+23,869
| +9% | +$2.39M |
|
536
Chubb
CB
$140B
| $28.5M | 0.02% |
147,598
+29,609
| +25% | +$5.56M |
|
537
WisdomTree Emerging Markets High Dividend Fund
DEM
$3.8B
| $28.4M | 0.02% |
656,186
+62,544
| +11% | +$2.72M |
|
538
Global X Robotics & Artificial Intelligence ETF
BOTZ
$3.14B
| $28.4M | 0.02% |
789,821
+50,843
| +7% | +$1.87M |
|
539
First Trust Nasdaq-100 Select Equal Weight ETF
QQEW
$1.71B
| $28.3M | 0.02% |
239,163
+30,362
| +15% | +$3.54M |
|
540
Strategy Shares Nasdaq 7HANDL Index ETF
HNDL
$627M
| $28.3M | 0.02% |
1,090,550
+298,541
| +38% | +$7.66M |
|
541
Marvell Technology
MRVL
$147B
| $28.3M | 0.02% |
323,829
+78,969
| +32% | +$5.9M |
|
542
Nuveen ESG Large-Cap Growth ETF
NULG
$2.6B
| $28.3M | 0.02% |
413,068
+70,708
| +21% | +$4.96M |
|
543
First Trust North American Energy Infrastructure Fund
EMLP
$4.1B
| $28.3M | 0.02% |
1,134,409
+37,252
| +3% | +$921K |
|
544
First Trust Dow 30 Equal Weight ETF
EDOW
$313M
| $28.3M | 0.02% |
890,592
-9,555
| -1% | -$297K |
|
545
First Trust Dorsey Wright Dynamic Focus 5 ETF
FVC
$103M
| $28.3M | 0.02% |
746,844
+5,784
| +0.8% | +$217K |
|
546
Vanguard S&P Small-Cap 600 ETF
VIOO
$4.12B
| $28.2M | 0.02% |
268,470
+18,104
| +7% | +$1.9M |
|
547
First Trust Long/Short Equity ETF
FTLS
$2.44B
| $28.1M | 0.02% |
538,683
+89,729
| +20% | +$4.54M |
|
548
State Street SPDR US Large Cap Low Volatility Index ETF
LGLV
$1.22B
| $28M | 0.02% |
185,700
+43,777
| +31% | +$6.27M |
|
549
MetLife
MET
$62.4B
| $28M | 0.02% |
447,686
+20,039
| +5% | +$1.26M |
|
550
Roku
ROKU
$21.6B
| $27.9M | 0.02% |
122,293
+16,047
| +15% | +$4.33M |
|
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.