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 | |
|---|---|---|---|---|---|---|
601
D.R. Horton
DHI
$41.2B
| $24.4M | 0.02% |
224,820
+32,509
| +17% | +$3.13M |
|
602
Xcel Energy
XEL
$49.2B
| $24.3M | 0.02% |
359,212
+15,166
| +4% | +$989K |
|
|
NVO
603
Novo Nordisk
NVO
$228B
| $24.3M | 0.02% |
433,972
-1,036
| -0.2% | -$56.1K |
|
604
Trex
TREX
$4.4B
| $24.2M | 0.02% |
179,428
+25,086
| +16% | +$3.01M |
|
605
Johnson Controls International
JCI
$85.1B
| $24.2M | 0.02% |
297,792
+32,436
| +12% | +$2.45M |
|
606
Invesco WilderHill Clean Energy ETF
PBW
$379M
| $24.2M | 0.02% |
338,601
-10,003
| -3% | -$818K |
|
607
ProShares S&P MidCap 400 Dividend Aristocrats ETF
REGL
$1.77B
| $24.1M | 0.02% |
327,226
-158
| -0% | -$11.3K |
|
608
Aptiv
APTV
$12.3B
| $24.1M | 0.02% |
146,310
-6,950
| -5% | -$1.16M |
|
609
Intercontinental Exchange
ICE
$87.2B
| $24.1M | 0.02% |
176,158
+15,026
| +9% | +$1.99M |
|
|
BXMX
610
DELISTED
Nuveen S&P 500 Buy-Write Income Fund
BXMX
| $24.1M | 0.02% |
1,643,480
+249,509
| +18% | +$3.67M |
|
611
MGM Resorts International
MGM
$11.7B
| $24M | 0.02% |
534,876
-70,199
| -12% | -$3.15M |
|
612
Twilio
TWLO
$28.6B
| $24M | 0.02% |
90,985
-7,403
| -8% | -$2.21M |
|
613
State Street SPDR S&P 500 Fossil Fuel Reserves Free ETF
SPYX
$2.69B
| $23.9M | 0.02% |
610,401
+121,038
| +25% | +$4.58M |
|
|
FISV
614
Fiserv Inc
FISV
$29.7B
| $23.9M | 0.02% |
230,191
+20,103
| +10% | +$2.08M |
|
615
Dollar General
DG
$28.4B
| $23.9M | 0.02% |
101,274
+1,945
| +2% | +$430K |
|
616
Etsy
ETSY
$8.12B
| $23.9M | 0.02% |
109,047
+12,957
| +13% | +$3.12M |
|
617
Invesco CEF Income Composite ETF
PCEF
$788M
| $23.7M | 0.02% |
979,237
+95,633
| +11% | +$2.31M |
|
618
Invesco S&P 500 Equal Weight Financials ETF
RSPF
$308M
| $23.5M | 0.02% |
364,686
+138,071
| +61% | +$8.9M |
|
619
KKR & Co
KKR
$89.1B
| $23.4M | 0.02% |
313,801
+34,705
| +12% | +$2.56M |
|
620
National Grid
NGG
$79.3B
| $23.4M | 0.02% |
359,318
+4,246
| +1% | +$249K |
|
621
Invesco S&P 500 Downside Hedged ETF
PHDG
$72.6M
| $23.3M | 0.02% |
611,945
+144,042
| +31% | +$5.36M |
|
622
SPDR Gold MiniShares Trust
GLDM
$27.5B
| $23.2M | 0.02% |
636,830
+35,285
| +6% | +$1.26M |
|
|
AFGR
623
First Trust Active Factor Large Cap Growth ETF
AFGR
$89.8M
| $23.2M | 0.02% |
852,523
-83,994
| -9% | -$2.34M |
|
624
Analog Devices
ADI
$172B
| $23.1M | 0.02% |
131,694
+13,495
| +11% | +$2.39M |
|
625
Alcon
ALC
$34B
| $23.1M | 0.02% |
264,994
+16,491
| +7% | +$1.36M |
|
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.