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 | |
|---|---|---|---|---|---|---|
576
Invesco S&P 500 Equal Weight Consumer Staples ETF
RSPS
$255M
| $26.2M | 0.02% |
772,835
+760
| +0.1% | +$24.3K |
|
577
VanEck High Yield Muni ETF
HYD
$4.44B
| $26M | 0.02% |
416,575
+21,433
| +5% | +$1.33M |
|
578
Enterprise Products Partners
EPD
$83.7B
| $26M | 0.02% |
1,183,245
+71,661
| +6% | +$1.61M |
|
|
PARA
579
DELISTED
Paramount Global Class B
PARA
| $26M | 0.02% |
859,885
+204,018
| +31% | +$7.03M |
|
580
Labcorp
LH
$25.2B
| $25.9M | 0.02% |
96,072
+8,281
| +9% | +$2.05M |
|
581
Invesco S&P MidCap Quality ETF
XMHQ
$5.44B
| $25.7M | 0.02% |
320,834
+97,393
| +44% | +$7.77M |
|
582
Moody's
MCO
$83.7B
| $25.7M | 0.02% |
65,877
+4,704
| +8% | +$1.81M |
|
583
iShares Interest Rate Hedged Corporate Bond ETF
LQDH
$503M
| $25.6M | 0.02% |
267,951
+18,526
| +7% | +$1.78M |
|
|
IBDQ
584
DELISTED
iShares iBonds Dec 2025 Term Corporate ETF
IBDQ
| $25.5M | 0.02% |
967,035
+54,951
| +6% | +$1.46M |
|
585
Marathon Petroleum
MPC
$90.1B
| $25.5M | 0.02% |
398,804
+40,454
| +11% | +$2.6M |
|
586
Diageo
DEO
$49.6B
| $25.5M | 0.02% |
115,792
+3,341
| +3% | +$685K |
|
587
iShares MSCI United Kingdom ETF
EWU
$4.1B
| $25.5M | 0.02% |
769,117
-1,106,249
| -59% | -$36.6M |
|
588
BP
BP
$112B
| $25.3M | 0.02% |
950,171
+2,993
| +0.3% | +$83K |
|
589
Atlassian
TEAM
$26.5B
| $25.3M | 0.02% |
66,253
+4,918
| +8% | +$1.98M |
|
590
Tyson Foods
TSN
$21.5B
| $25.3M | 0.02% |
289,766
+24,344
| +9% | +$2M |
|
591
Goldman Sachs Access High Yield Corporate Bond ETF
GHYB
$133M
| $25.3M | 0.02% |
507,942
+50,758
| +11% | +$2.52M |
|
592
Invesco Financial Preferred ETF
PGF
$674M
| $25.1M | 0.02% |
1,333,477
+31,905
| +2% | +$597K |
|
593
T. Rowe Price
TROW
$25.5B
| $25M | 0.02% |
127,156
+1,245
| +1% | +$253K |
|
594
State Street SPDR ICE Preferred Securities ETF
PSK
$689M
| $24.9M | 0.02% |
581,019
-58,336
| -9% | -$2.5M |
|
|
PPL
595
PPL Corp
PPL
$26.9B
| $24.8M | 0.02% |
823,405
+60,237
| +8% | +$1.74M |
|
596
iShares US Financial Services ETF
IYG
$2.13B
| $24.7M | 0.02% |
383,217
+19,095
| +5% | +$1.24M |
|
597
Southwest Airlines
LUV
$21.7B
| $24.6M | 0.02% |
575,320
+44,302
| +8% | +$2.08M |
|
598
Regeneron Pharmaceuticals
REGN
$72.9B
| $24.6M | 0.02% |
38,909
+328
| +0.9% | +$202K |
|
599
MSCI
MSCI
$42.4B
| $24.5M | 0.02% |
40,007
+5,134
| +15% | +$3.22M |
|
600
PNC Financial Services
PNC
$99.1B
| $24.4M | 0.02% |
121,926
+12,142
| +11% | +$2.47M |
|
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.