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 | |
|---|---|---|---|---|---|---|
776
First Trust Short Duration Managed Municipal ETF
FSMB
$619M
| $11.2M | 0.01% |
536,137
+270,996
| +102% | +$5.65M |
|
777
Philips
PHG
$25.7B
| $11.1M | 0.01% |
240,813
+32,025
| +15% | +$1.45M |
|
778
W.W. Grainger
GWW
$65.3B
| $11.1M | 0.01% |
27,634
+1,561
| +6% | +$603K |
|
779
State Street Ultra Short Term Bond ETF
ULST
$527M
| $11.1M | 0.01% |
273,758
-49,238
| -15% | -$1.99M |
|
780
WisdomTree Yield Enhanced US Short-Term Aggregate Bond Fund
SHAG
$47.1M
| $11.1M | 0.01% |
216,914
+27,148
| +14% | +$1.39M |
|
781
Caesars Entertainment
CZR
$6.06B
| $11M | 0.01% |
126,335
+5,916
| +5% | +$496K |
|
782
Xtrackers USD High Yield Corporate Bond ETF
HYLB
$3.52B
| $11M | 0.01% |
275,890
+154,200
| +127% | +$6.16M |
|
783
iShares Micro-Cap ETF
IWC
$1.44B
| $11M | 0.01% |
75,076
+52,764
| +236% | +$7.54M |
|
784
Steris
STE
$22.3B
| $11M | 0.01% |
57,910
+5,575
| +11% | +$1.03M |
|
785
MSCI
MSCI
$41.6B
| $11M | 0.01% |
26,244
+3,260
| +14% | +$1.37M |
|
786
Workday
WDAY
$39.6B
| $11M | 0.01% |
44,260
+6,092
| +16% | +$1.5M |
|
787
State Street SPDR Bloomberg International Treasury Bond ETF
BWX
$1.33B
| $11M | 0.01% |
377,037
-16,885
| -4% | -$512K |
|
|
JPUS
788
JPMorgan Diversified Return US Equity ETF
JPUS
$458M
| $11M | 0.01% |
120,330
-1,853
| -2% | -$162K |
|
789
Schwab Fundamental US Large Company Index ETF
FNDX
$26.7B
| $11M | 0.01% |
637,515
+535,824
| +527% | +$8.73M |
|
790
Carrier Global
CARR
$51B
| $11M | 0.01% |
259,375
+26,903
| +12% | +$1.05M |
|
791
Marvell Technology
MRVL
$168B
| $10.9M | 0.01% |
222,546
+15,447
| +7% | +$757K |
|
|
BSJM
792
DELISTED
Invesco BulletShares 2022 High Yield Corporate Bond ETF
BSJM
| $10.8M | 0.01% |
464,291
+57,956
| +14% | +$1.35M |
|
793
Invesco NASDAQ Next Gen 100 ETF
QQQJ
$1.12B
| $10.8M | 0.01% |
+339,824
| New | +$11.1M |
|
794
Global X SuperDividend US ETF
DIV
$780M
| $10.8M | 0.01% |
557,862
+412,905
| +285% | +$7.58M |
|
795
iShares US Consumer Staples ETF
IYK
$1.4B
| $10.8M | 0.01% |
182,595
+61,098
| +50% | +$3.58M |
|
796
Invesco S&P SmallCap Momentum ETF
XSMO
$3B
| $10.8M | 0.01% |
206,854
-4,124
| -2% | -$216K |
|
797
First Trust Energy AlphaDEX Fund
FXN
$388M
| $10.7M | 0.01% |
1,061,926
+429,144
| +68% | +$4.11M |
|
798
Vanguard Total Corporate Bond ETF
VTC
$1.72B
| $10.7M | 0.01% |
120,030
-8,999
| -7% | -$821K |
|
799
Ventas
VTR
$48B
| $10.7M | 0.01% |
201,152
-10,642
| -5% | -$546K |
|
800
S&P Global
SPGI
$121B
| $10.7M | 0.01% |
30,292
-13,318
| -31% | -$4.43M |
|
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.