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 | |
|---|---|---|---|---|---|---|
951
Parker-Hannifin
PH
$123B
| $7.89M | 0.01% |
25,025
+1,357
| +6% | +$392K |
|
952
Invesco Variable Rate Preferred ETF
VRP
$2.98B
| $7.89M | 0.01% |
305,161
+61,008
| +25% | +$1.58M |
|
953
Calamos Strategic Total Return Fund
CSQ
$3.23B
| $7.88M | 0.01% |
457,620
-289,457
| -39% | -$4.75M |
|
954
State Street SPDR S&P 1500 Value Tilt ETF
VLU
$752M
| $7.88M | 0.01% |
56,794
+31,276
| +123% | +$4.13M |
|
955
Vanguard S&P Small-Cap 600 Value ETF
VIOV
$1.85B
| $7.87M | 0.01% |
90,350
+44,096
| +95% | +$3.61M |
|
956
Invesco KBW Premium Yield Equity REIT ETF
KBWY
$313M
| $7.85M | 0.01% |
350,312
+7,540
| +2% | +$164K |
|
957
PIMCO Enhanced Low Duration Active Exchange-Traded Fund
LDUR
$1.37B
| $7.84M | 0.01% |
76,857
+20,304
| +36% | +$2.07M |
|
958
First Trust Dow Jones International Internet ETF
FDNI
$31.9M
| $7.83M | 0.01% |
173,349
+113,321
| +189% | +$5.58M |
|
959
Cardlytics
CDLX
$21.7M
| $7.72M | 0.01% |
7,035
+230
| +3% | +$304K |
|
960
Invesco Dorsey Wright Technology Momentum ETF
PTF
$593M
| $7.71M | 0.01% |
160,782
-93,897
| -37% | -$4.72M |
|
961
PACCAR
PCAR
$69.8B
| $7.7M | 0.01% |
124,325
+8,150
| +7% | +$509K |
|
962
Aon
AON
$76.5B
| $7.69M | 0.01% |
33,427
-676
| -2% | -$149K |
|
963
First Trust Horizon Managed Volatility Developed International ETF
HDMV
$17.6M
| $7.68M | 0.01% |
246,842
-32,210
| -12% | -$993K |
|
964
Hexcel
HXL
$7.79B
| $7.68M | 0.01% |
137,064
+127,970
| +1,407% | +$6.75M |
|
965
Energy Transfer Partners
ET
$70.1B
| $7.67M | 0.01% |
998,665
+30,756
| +3% | +$225K |
|
966
Magna International
MGA
$18.7B
| $7.66M | 0.01% |
86,988
+56,162
| +182% | +$4.56M |
|
967
Entegris
ENTG
$18.1B
| $7.63M | 0.01% |
68,224
-1,274
| -2% | -$131K |
|
968
iShares iBonds Dec 2027 Term Corporate ETF
IBDS
$3.84B
| $7.6M | 0.01% |
284,570
+210,147
| +282% | +$5.72M |
|
969
Monolithic Power Systems
MPWR
$70.1B
| $7.59M | 0.01% |
21,497
+1,952
| +10% | +$711K |
|
970
WisdomTree Enhanced Commodity Strategy Fund
GCC
$270M
| $7.58M | 0.01% |
378,133
+72,868
| +24% | +$1.46M |
|
971
Roundhill Sports Betting & iGaming ETF
BETZ
$49.7M
| $7.58M | 0.01% |
246,397
+237,819
| +2,772% | +$7.19M |
|
972
Spotify
SPOT
$103B
| $7.56M | 0.01% |
28,224
+4,453
| +19% | +$1.39M |
|
973
Vanguard Russell 3000 ETF
VTHR
$4.67B
| $7.56M | 0.01% |
40,902
+1,797
| +5% | +$325K |
|
974
VF Corp
VFC
$5.63B
| $7.56M | 0.01% |
94,596
+2,150
| +2% | +$175K |
|
975
Invesco KBW High Dividend Yield Financial ETF
KBWD
$408M
| $7.56M | 0.01% |
385,306
+68,641
| +22% | +$1.25M |
|
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.