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 Universal USD Bond ETF
IUSB
|
+$403M |
| 2 |
Vanguard S&P 500 ETF
VOO
|
+$391M |
| 3 |
iShares MSCI EAFE Value ETF
EFV
|
+$313M |
| 4 |
Vanguard Morningstar Mid-Cap ETF
VO
|
+$175M |
| 5 |
iShares Core S&P Small-Cap ETF
IJR
|
+$147M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
iShares iBoxx $ Investment Grade Corporate Bond ETF
LQD
|
+$192M |
| 2 |
iShares MSCI USA Min Vol Factor ETF
USMV
|
+$156M |
| 3 |
Goldman Sachs ActiveBeta US Large Cap Equity ETF
GSLC
|
+$103M |
| 4 |
iShares 0-5 Year High Yield Corporate Bond ETF
SHYG
|
+$101M |
| 5 |
Invesco QQQ Trust
QQQ
|
+$90.5M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 5.97% |
| 2 | Consumer Discretionary | 3.1% |
| 3 | Financials | 3.03% |
| 4 | Healthcare | 2.68% |
| 5 | Communication Services | 2.41% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
726
Vanguard FTSE All-World ex-US Small-Cap Index Fund
VSS
$11.2B
| $12.5M | 0.01% |
97,160
+23,756
| +32% | +$3.01M |
|
727
Airbnb
ABNB
$89.9B
| $12.4M | 0.01% |
66,151
+51,056
| +338% | +$9.46M |
|
728
First Trust Nasdaq Artificial Intelligence and Robotics ETF
ROBT
$721M
| $12.4M | 0.01% |
237,472
+67,870
| +40% | +$3.68M |
|
729
First Trust Nasdaq Bank ETF
FTXO
$305M
| $12.4M | 0.01% |
396,272
+66,264
| +20% | +$1.91M |
|
730
Cadence Design Systems
CDNS
$93.6B
| $12.3M | 0.01% |
90,061
+36,736
| +69% | +$4.93M |
|
731
Fidelity MSCI Information Technology Index ETF
FTEC
$19.8B
| $12.3M | 0.01% |
116,192
-4,803
| -4% | -$510K |
|
732
First Trust Europe AlphaDEX Fund
FEP
$526M
| $12.3M | 0.01% |
302,444
+18,528
| +7% | +$736K |
|
733
Idexx Laboratories
IDXX
$44.1B
| $12.2M | 0.01% |
25,017
+2,252
| +10% | +$1.13M |
|
734
Travelers Companies
TRV
$78.1B
| $12.2M | 0.01% |
81,322
+351
| +0.4% | +$51.6K |
|
735
Fidelity MSCI Health Care Index ETF
FHLC
$3.28B
| $12.2M | 0.01% |
207,085
+33,060
| +19% | +$1.96M |
|
736
Newmont
NEM
$98.7B
| $12.2M | 0.01% |
202,152
+21,291
| +12% | +$1.27M |
|
737
JPMorgan BetaBuilders Japan ETF
BBJP
$17.5B
| $12.2M | 0.01% |
213,799
+7,253
| +4% | +$417K |
|
738
Trex
TREX
$4.51B
| $12.2M | 0.01% |
132,990
+18,343
| +16% | +$1.72M |
|
739
Cencora
COR
$60.6B
| $12.1M | 0.01% |
102,401
+15,358
| +18% | +$1.66M |
|
740
Invesco S&P MidCap Quality ETF
XMHQ
$5.47B
| $12.1M | 0.01% |
158,640
+53,393
| +51% | +$3.9M |
|
741
Vanguard Emerging Markets Government Bond ETF
VWOB
$6.15B
| $12M | 0.01% |
155,212
-12,425
| -7% | -$988K |
|
742
PENN Entertainment
PENN
$2.75B
| $12M | 0.01% |
114,417
+3,275
| +3% | +$363K |
|
743
Regions Financial
RF
$26.4B
| $12M | 0.01% |
580,570
-182,440
| -24% | -$3.57M |
|
744
Invesco High Yield Equity Dividend Achievers ETF
PEY
$1.13B
| $12M | 0.01% |
592,092
+31,350
| +6% | +$592K |
|
745
AB InBev
BUD
$167B
| $11.9M | 0.01% |
189,402
-17,737
| -9% | -$1.15M |
|
746
Progressive
PGR
$123B
| $11.9M | 0.01% |
124,255
+6,340
| +5% | +$576K |
|
747
Equinix
EQIX
$101B
| $11.9M | 0.01% |
17,464
+1,860
| +12% | +$1.28M |
|
748
IQ MacKay Municipal Insured ETF
MMIN
$463M
| $11.9M | 0.01% |
434,569
+101,716
| +31% | +$2.8M |
|
749
AdvisorShares Pure Cannabis ETF
YOLO
$29.8M
| $11.8M | 0.01% |
500,445
+52,966
| +12% | +$1.27M |
|
750
Analog Devices
ADI
$179B
| $11.8M | 0.01% |
75,990
+10,887
| +17% | +$1.67M |
|
Similar funds
LPL Financial's Q1 2021 Portfolio in Review
As of Q1 2021, LPL Financial held 4,220 positions worth $87B, up 13% from $77.2B the previous quarter. Its ten largest holdings account for 19% of the portfolio.
LPL Financial deployed $6.64B of net new capital in Q1 2021, opening 412 new positions and adding to 2,444 existing holdings. Its largest new stake was Invesco NASDAQ 100 ETF: 270,313 shares worth $35.5M.
By sector, the portfolio is most concentrated in Technology at 6% of assets, down from 6.5% a quarter earlier, followed by Consumer Discretionary and Financials.
On the sell side, the largest reduction was iShares iBoxx $ Investment Grade Corporate Bond ETF, an estimated $192M trimmed.
- LPL Financial's largest Q1 2021 buy was Invesco NASDAQ 100 ETF: 270,313 shares worth $35.5M.
- LPL Financial added most to iShares Core Universal USD Bond ETF in Q1 2021, an estimated $403M increase.
- LPL Financial's biggest Q1 2021 reduction was iShares iBoxx $ Investment Grade Corporate Bond ETF, cutting an estimated $192M.
- LPL Financial fully exited SPDR MFS Systematic Growth Equity ETF of SSgA Active Trust in Q1 2021, selling an estimated $3.61M.
- LPL Financial's ten largest holdings make up 19% of its $87B portfolio in Q1 2021.
- LPL Financial opened 412 new positions and closed 149 in Q1 2021.
- LPL Financial's portfolio value rose 13% quarter-over-quarter to $87B.
Based on LPL Financial's 13F filing for Q1 2021, filed 14 May 2021.