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 | |
|---|---|---|---|---|---|---|
626
Sea Limited
SE
$66.4B
| $23.1M | 0.02% |
103,227
+12,273
| +13% | +$3.66M |
|
627
Roblox
RBLX
$35.9B
| $23M | 0.02% |
223,096
+58,125
| +35% | +$5.65M |
|
|
SIVB
628
DELISTED
SVB Financial Group
SIVB
| $22.9M | 0.02% |
33,808
+5,597
| +20% | +$3.94M |
|
629
Vanguard FTSE Europe ETF
VGK
$30.1B
| $22.9M | 0.02% |
335,780
+29,589
| +10% | +$2M |
|
630
Yum! Brands
YUM
$41.9B
| $22.7M | 0.02% |
163,792
+8,163
| +5% | +$1.04M |
|
631
iShares MSCI ACWI ETF
ACWI
$32B
| $22.6M | 0.02% |
214,032
+47,810
| +29% | +$5M |
|
|
WCLD
632
WisdomTree Cloud Computing Fund
WCLD
$270M
| $22.5M | 0.02% |
433,983
-19,096
| -4% | -$1.11M |
|
633
State Street SPDR S&P Oil & Gas Exploration & Production ETF
XOP
$3.54B
| $22.3M | 0.02% |
232,896
-69,627
| -23% | -$7.13M |
|
634
Public Storage
PSA
$61.5B
| $22.3M | 0.02% |
59,444
+2,262
| +4% | +$756K |
|
635
Invesco S&P MidCap 400 Revenue ETF
RWK
$1.32B
| $22.2M | 0.02% |
234,840
+6,361
| +3% | +$587K |
|
636
State Street SPDR MSCI ACWI ex-US ETF
CWI
$2.7B
| $22.2M | 0.02% |
757,381
+345,596
| +84% | +$10.2M |
|
637
Fidelity MSCI Health Care Index ETF
FHLC
$3.35B
| $22.2M | 0.02% |
323,314
+18,876
| +6% | +$1.24M |
|
638
iShares MSCI Italy ETF
EWI
$987M
| $22.1M | 0.02% |
673,425
+309,778
| +85% | +$10.2M |
|
639
State Street SPDR S&P Aerospace & Defense ETF
XAR
$5.78B
| $22.1M | 0.02% |
189,528
+12,431
| +7% | +$1.48M |
|
640
McCormick & Company Non-Voting
MKC
$14B
| $22M | 0.02% |
228,213
+19,947
| +10% | +$1.7M |
|
641
Novartis
NVS
$302B
| $21.9M | 0.02% |
250,516
-15,634
| -6% | -$1.3M |
|
642
Schwab Fundamental US Large Company Index ETF
FNDX
$26.5B
| $21.8M | 0.02% |
1,116,897
+362,790
| +48% | +$6.89M |
|
643
Huntington Bancshares
HBAN
$34B
| $21.8M | 0.02% |
1,413,552
+168,897
| +14% | +$2.66M |
|
644
Vanguard Materials ETF
VAW
$3.01B
| $21.7M | 0.02% |
110,378
+554
| +0.5% | +$104K |
|
645
Motley Fool 100 Index ETF
TMFC
$1.99B
| $21.5M | 0.02% |
486,252
+69,777
| +17% | +$2.99M |
|
646
Phillips 66
PSX
$82.9B
| $21.4M | 0.02% |
295,136
+32,583
| +12% | +$2.46M |
|
647
Invesco NASDAQ Next Gen 100 ETF
QQQJ
$1.11B
| $21.4M | 0.02% |
636,833
+150,102
| +31% | +$5.13M |
|
648
Invesco FTSE RAFI US 1500 Small-Mid ETF
PRFZ
$2.74B
| $21.4M | 0.02% |
557,545
-13,720
| -2% | -$523K |
|
649
Ecolab
ECL
$79.8B
| $21.1M | 0.02% |
89,833
-18,567
| -17% | -$4.2M |
|
650
Fortinet
FTNT
$112B
| $21.1M | 0.02% |
293,060
+42,310
| +17% | +$2.78M |
|
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.