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 MSCI EAFE ETF
IEFA
|
+$325M |
| 2 |
iShares Russell 2000 ETF
IWM
|
+$290M |
| 3 |
Vanguard Total Bond Market
BND
|
+$227M |
| 4 |
iShares Core MSCI Emerging Markets ETF
IEMG
|
+$226M |
| 5 |
iShares ESG Aware MSCI USA ETF
ESGU
|
+$190M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
iShares MSCI USA Min Vol Factor ETF
USMV
|
+$290M |
| 2 |
iShares TIPS Bond ETF
TIP
|
+$192M |
| 3 |
iShares Core S&P US Value ETF
IUSV
|
+$179M |
| 4 |
Vanguard Morningstar Total Stock Market ETF
VTI
|
+$91.7M |
| 5 |
Vanguard Intermediate-Term Corporate Bond ETF
VCIT
|
+$66.4M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 6.47% |
| 2 | Consumer Discretionary | 3.2% |
| 3 | Financials | 2.84% |
| 4 | Healthcare | 2.77% |
| 5 | Communication Services | 2.45% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
551
Yum! Brands
YUM
$42.2B
| $16.1M | 0.02% |
148,343
-3,526
| -2% | -$360K |
|
552
Enterprise Products Partners
EPD
$82.3B
| $16.1M | 0.02% |
820,286
+18,895
| +2% | +$352K |
|
553
National Grid
NGG
$80.4B
| $16M | 0.02% |
307,433
+480
| +0.2% | +$25.5K |
|
554
iShares US Financials ETF
IYF
$4.67B
| $16M | 0.02% |
240,163
-3,621
| -1% | -$223K |
|
555
Linde
LIN
$221B
| $16M | 0.02% |
60,693
+16,038
| +36% | +$3.94M |
|
556
iShares AAA-A Rated Corporate Bond ETF
QLTA
$1.24B
| $16M | 0.02% |
273,067
+56,297
| +26% | +$3.27M |
|
|
USFR
557
DELISTED
WisdomTree Bloomberg Floating Rate Treasury Fund
USFR
| $15.9M | 0.02% |
633,828
-190,892
| -23% | -$4.79M |
|
558
Invesco Senior Loan ETF
BKLN
$6.97B
| $15.7M | 0.02% |
706,547
+25,235
| +4% | +$554K |
|
559
Invesco FTSE RAFI US 1500 Small-Mid ETF
PRFZ
$2.77B
| $15.7M | 0.02% |
521,240
+51,965
| +11% | +$1.41M |
|
560
L3Harris
LHX
$51.6B
| $15.6M | 0.02% |
82,418
+11,399
| +16% | +$2.09M |
|
561
iShares Currency Hedged MSCI EAFE ETF
HEFA
$7.5B
| $15.6M | 0.02% |
510,908
+93,169
| +22% | +$2.72M |
|
562
WEC Energy
WEC
$35.7B
| $15.6M | 0.02% |
169,101
+40,232
| +31% | +$3.91M |
|
563
First Trust Small Cap Core AlphaDEX Fund
FYX
$1.36B
| $15.4M | 0.02% |
200,714
+24,561
| +14% | +$1.68M |
|
564
Vanguard Industrials ETF
VIS
$8.1B
| $15.4M | 0.02% |
90,854
+16,419
| +22% | +$2.63M |
|
565
Ball Corp
BALL
$17.3B
| $15.4M | 0.02% |
165,611
+6,587
| +4% | +$609K |
|
566
Amplify Alternative Harvest ETF
MJ
$101M
| $15.4M | 0.02% |
89,364
+21,228
| +31% | +$3.36M |
|
567
VanEck High Yield Muni ETF
HYD
$4.43B
| $15.4M | 0.02% |
249,982
+783
| +0.3% | +$47.3K |
|
568
Intercontinental Exchange
ICE
$85.6B
| $15.3M | 0.02% |
132,863
+30,028
| +29% | +$3.12M |
|
569
Invesco S&P SmallCap Low Volatility ETF
XSLV
$248M
| $15.2M | 0.02% |
374,218
-218,970
| -37% | -$8.17M |
|
570
State Street SPDR MSCI EAFE StrategicFactors ETF
QEFA
$1.06B
| $15.2M | 0.02% |
217,569
+89,592
| +70% | +$5.91M |
|
571
Columbia Diversified Fixed Income Allocation ETF
DIAL
$387M
| $15.2M | 0.02% |
687,758
+307,487
| +81% | +$6.69M |
|
572
iShares US Consumer Discretionary ETF
IYC
$1.17B
| $15.1M | 0.02% |
214,156
-20,860
| -9% | -$1.39M |
|
|
TWTR
573
DELISTED
Twitter, Inc.
TWTR
| $15M | 0.02% |
276,908
-19,508
| -7% | -$931K |
|
574
Xtrackers Harvest CSI 300 China A-Shares ETF
ASHR
$1.54B
| $15M | 0.02% |
373,350
+99,003
| +36% | +$3.71M |
|
575
Invesco Taxable Municipal Bond ETF
BAB
$1.02B
| $15M | 0.02% |
446,358
+14,962
| +3% | +$496K |
|
Similar funds
LPL Financial's Q4 2020 Portfolio in Review
As of Q4 2020, LPL Financial held 3,938 positions worth $77.2B, up 21% from $64B the previous quarter. Its ten largest holdings account for 20% of the portfolio.
LPL Financial deployed $5.76B of net new capital in Q4 2020, opening 393 new positions and adding to 2,285 existing holdings. Its largest new stake was Global X MSCI China Consumer Discretionary ETF: 351,999 shares worth $12.5M.
By sector, the portfolio is most concentrated in Technology at 6.5% of assets, up from 6.1% a quarter earlier, followed by Consumer Discretionary and Financials.
On the sell side, the largest reduction was iShares MSCI USA Min Vol Factor ETF, an estimated $290M trimmed.
- LPL Financial's largest Q4 2020 buy was Global X MSCI China Consumer Discretionary ETF: 351,999 shares worth $12.5M.
- LPL Financial added most to iShares Core MSCI EAFE ETF in Q4 2020, an estimated $325M increase.
- LPL Financial's biggest Q4 2020 reduction was iShares MSCI USA Min Vol Factor ETF, cutting an estimated $290M.
- LPL Financial fully exited iShares iBonds Dec 2020 Term Corporate ETF in Q4 2020, selling an estimated $23.5M.
- LPL Financial's ten largest holdings make up 20% of its $77.2B portfolio in Q4 2020.
- LPL Financial opened 393 new positions and closed 132 in Q4 2020.
- LPL Financial's portfolio value rose 21% quarter-over-quarter to $77.2B.
Based on LPL Financial's 13F filing for Q4 2020, filed 12 Feb 2021.