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 | |
|---|---|---|---|---|---|---|
|
RDS.A
851
DELISTED
Royal Dutch Shell PLC ADS Class A
RDS.A
| $9.52M | 0.01% |
242,882
+43,079
| +22% | +$1.73M |
|
852
First Trust California Municipal High income ETF
FCAL
$219M
| $9.52M | 0.01% |
176,440
+39,263
| +29% | +$2.13M |
|
853
iShares MSCI Poland ETF
EPOL
$700M
| $9.5M | 0.01% |
524,824
+342,088
| +187% | +$6.52M |
|
854
United States 12 Month Oil Fund,
USL
$45.1M
| $9.46M | 0.01% |
451,498
+18,708
| +4% | +$378K |
|
|
HOME
855
DELISTED
At Home Group Inc.
HOME
| $9.45M | 0.01% |
329,422
-315,601
| -49% | -$7.93M |
|
856
Franklin US Low Volatility High Dividend Index ETF
LVHD
$628M
| $9.44M | 0.01% |
269,994
+16,527
| +7% | +$549K |
|
857
WisdomTree US LargeCap Fund
EPS
$1.59B
| $9.43M | 0.01% |
217,472
+1,489
| +0.7% | +$62.1K |
|
|
X
858
DELISTED
US Steel
X
| $9.43M | 0.01% |
360,149
+66,070
| +22% | +$1.3M |
|
859
Enphase Energy
ENPH
$4.96B
| $9.42M | 0.01% |
58,083
+8,449
| +17% | +$1.52M |
|
860
Capital One
COF
$128B
| $9.42M | 0.01% |
74,006
+12,897
| +21% | +$1.52M |
|
861
State Street SPDR S&P Kensho Clean Power ETF
CNRG
$198M
| $9.37M | 0.01% |
82,164
+69,425
| +545% | +$8.7M |
|
862
VanEck Intermediate Muni ETF
ITM
$2.14B
| $9.35M | 0.01% |
182,367
+4,297
| +2% | +$222K |
|
863
ProShares Long Online/Short Stores ETF
CLIX
$7.48M
| $9.3M | 0.01% |
111,228
-70,061
| -39% | -$6.51M |
|
864
Vanguard FTSE Pacific ETF
VPL
$8.08B
| $9.26M | 0.01% |
113,376
+6,405
| +6% | +$526K |
|
865
AutoZone
AZO
$49.2B
| $9.21M | 0.01% |
6,556
+1,529
| +30% | +$1.89M |
|
|
FPF
866
First Trust Intermediate Duration Preferred & Income Fund
FPF
$1.07B
| $9.13M | 0.01% |
381,350
+20,511
| +6% | +$481K |
|
867
TotalEnergies
TTE
$195B
| $9.12M | 0.01% |
195,853
+22,878
| +13% | +$1.04M |
|
868
VanEck Oil Services ETF
OIH
$2.06B
| $9.09M | 0.01% |
47,567
+34,102
| +253% | +$6.43M |
|
869
iShares MSCI South Africa ETF
EZA
$547M
| $9.09M | 0.01% |
184,025
+1,273
| +0.7% | +$59.8K |
|
870
Ciena
CIEN
$53.4B
| $9.08M | 0.01% |
165,997
+15,575
| +10% | +$838K |
|
|
MMP
871
DELISTED
Magellan Midstream Partners, L.P.
MMP
| $9.07M | 0.01% |
209,303
+71,483
| +52% | +$3.13M |
|
872
PIMCO 15+ Year US TIPS Index Exchange-Traded Fund
LTPZ
$690M
| $9.07M | 0.01% |
112,313
-2,349
| -2% | -$197K |
|
873
Invesco Bloomberg Pricing Power ETF
POWA
$178M
| $9.07M | 0.01% |
148,390
+4,214
| +3% | +$250K |
|
874
SLB Ltd
SLB
$73.6B
| $9.04M | 0.01% |
332,602
+37,050
| +13% | +$975K |
|
875
First Trust Dow Jones Global Select Dividend Index Fund
FGD
$1.54B
| $9.03M | 0.01% |
359,145
+30,259
| +9% | +$724K |
|
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.