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 | |
|---|---|---|---|---|---|---|
876
Invesco S&P SmallCap 600 Pure Value ETF
RZV
$290M
| $12.8M | 0.01% |
132,783
+41,418
| +45% | +$4.05M |
|
877
Amplify Alternative Harvest ETF
MJ
$101M
| $12.8M | 0.01% |
96,056
-3,595
| -4% | -$566K |
|
878
BlackRock Short Maturity Municipal Bond ETF
MEAR
$1.36B
| $12.7M | 0.01% |
253,871
+405
| +0.2% | +$20.3K |
|
879
iShares JPMorgan EM High Yield Bond ETF
EMHY
$619M
| $12.7M | 0.01% |
294,943
-288,300
| -49% | -$12.5M |
|
880
Capital One
COF
$129B
| $12.7M | 0.01% |
87,313
-5,447
| -6% | -$842K |
|
881
iShares ESG Aware US Aggregate Bond ETF
EAGG
$4.97B
| $12.7M | 0.01% |
229,378
+130,243
| +131% | +$7.17M |
|
882
Invesco S&P MidCap 400 Pure Growth ETF
RFG
$339M
| $12.7M | 0.01% |
274,600
+4,945
| +2% | +$229K |
|
883
Affirm
AFRM
$24.5B
| $12.6M | 0.01% |
125,557
+28,815
| +30% | +$3.81M |
|
884
Skyworks Solutions
SWKS
$9.4B
| $12.6M | 0.01% |
81,350
-29,053
| -26% | -$4.65M |
|
|
BSJN
885
DELISTED
Invesco BulletShares 2023 High Yield Corporate Bond ETF
BSJN
| $12.6M | 0.01% |
498,353
+173,403
| +53% | +$4.38M |
|
886
Dollar Tree
DLTR
$24.7B
| $12.6M | 0.01% |
89,521
+17,436
| +24% | +$2.12M |
|
887
Invesco Building & Construction ETF
PKB
$428M
| $12.6M | 0.01% |
230,531
-11,704
| -5% | -$606K |
|
888
Global X SuperIncome Preferred ETF
SPFF
$140M
| $12.6M | 0.01% |
1,073,334
+38,516
| +4% | +$454K |
|
889
iShares MSCI USA Small-Cap Min Vol Factor ETF
SMMV
$289M
| $12.6M | 0.01% |
321,501
-36,656
| -10% | -$1.4M |
|
890
VF Corp
VFC
$5.87B
| $12.5M | 0.01% |
170,738
+43,289
| +34% | +$3.16M |
|
891
Invesco S&P 500 Equal Weight Materials ETF
RSPM
$187M
| $12.5M | 0.01% |
347,175
+80,520
| +30% | +$2.78M |
|
892
Cohen & Steers REIT and Preferred and Income Fund
RNP
$988M
| $12.5M | 0.01% |
436,279
+22,829
| +6% | +$620K |
|
893
PENN Entertainment
PENN
$2.75B
| $12.5M | 0.01% |
240,560
+69,450
| +41% | +$4.21M |
|
894
Expeditors International
EXPD
$21.8B
| $12.5M | 0.01% |
92,741
+4,900
| +6% | +$614K |
|
|
ANSS
895
DELISTED
Ansys
ANSS
| $12.4M | 0.01% |
30,976
+2,487
| +9% | +$956K |
|
896
Global X Russell 2000 Covered Call ETF
RYLD
$1.37B
| $12.4M | 0.01% |
508,289
+112,604
| +28% | +$2.81M |
|
897
iShares US Basic Materials ETF
IYM
$1.15B
| $12.4M | 0.01% |
88,307
-266,718
| -75% | -$35.9M |
|
898
Bank OZK
OZK
$5.57B
| $12.3M | 0.01% |
264,947
+4,628
| +2% | +$211K |
|
|
FRC
899
DELISTED
First Republic Bank
FRC
| $12.3M | 0.01% |
59,678
+4,071
| +7% | +$859K |
|
900
CarMax
KMX
$8.33B
| $12.3M | 0.01% |
94,340
+9,228
| +11% | +$1.29M |
|
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.