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 MSCI EAFE ETF
IEFA
|
+$325M |
| 2 |
iShares Russell 2000 ETF
IWM
|
+$290M |
| 3 |
Vanguard Total Bond Market
BND
|
+$227M |
| 4 |
iShares Core MSCI Emerging Markets ETF
IEMG
|
+$226M |
| 5 |
iShares ESG Aware MSCI USA ETF
ESGU
|
+$190M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
iShares MSCI USA Min Vol Factor ETF
USMV
|
+$290M |
| 2 |
iShares TIPS Bond ETF
TIP
|
+$192M |
| 3 |
iShares Core S&P US Value ETF
IUSV
|
+$179M |
| 4 |
Vanguard Morningstar Total Stock Market ETF
VTI
|
+$91.7M |
| 5 |
Vanguard Intermediate-Term Corporate Bond ETF
VCIT
|
+$66.4M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 6.47% |
| 2 | Consumer Discretionary | 3.2% |
| 3 | Financials | 2.84% |
| 4 | Healthcare | 2.77% |
| 5 | Communication Services | 2.45% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
1001
GraniteShares Gold Shares
BAR
$1.36B
| $6.13M | 0.01% |
324,601
+149,946
| +86% | +$2.8M |
|
1002
ALPS O'Shares Global Internet Giants ETF
OGIG
$104M
| $6.1M | 0.01% |
112,406
+14,179
| +14% | +$700K |
|
1003
Motorola Solutions
MSI
$72.3B
| $6.1M | 0.01% |
35,851
+13,616
| +61% | +$2.28M |
|
|
BSJN
1004
DELISTED
Invesco BulletShares 2023 High Yield Corporate Bond ETF
BSJN
| $6.09M | 0.01% |
239,953
+42,496
| +22% | +$1.06M |
|
1005
Vanguard Russell 2000 Growth ETF
VTWG
$1.47B
| $6.08M | 0.01% |
29,152
-1,072
| -4% | -$199K |
|
1006
FMC
FMC
$1.34B
| $6.04M | 0.01% |
52,593
+1,371
| +3% | +$153K |
|
1007
Capital One
COF
$128B
| $6.04M | 0.01% |
61,109
+2,658
| +5% | +$226K |
|
1008
Eaton Vance Tax-Advantaged Dividend Income Fund
EVT
$2.1B
| $6.04M | 0.01% |
255,423
+14,285
| +6% | +$308K |
|
1009
Otis Worldwide
OTIS
$27.4B
| $6.04M | 0.01% |
89,342
+1,700
| +2% | +$110K |
|
1010
First Trust Global Wind Energy ETF
FAN
$278M
| $6.03M | 0.01% |
258,961
+102,447
| +65% | +$2.05M |
|
1011
State Street SPDR Dow Jones REIT ETF
RWR
$1.86B
| $6.03M | 0.01% |
69,509
+2,731
| +4% | +$228K |
|
1012
Energy Transfer Partners
ET
$70.1B
| $5.98M | 0.01% |
967,909
+26,451
| +3% | +$160K |
|
1013
Beyond Meat
BYND
$292M
| $5.98M | 0.01% |
47,824
+550
| +1% | +$83K |
|
1014
Yum China
YUMC
$16.5B
| $5.96M | 0.01% |
104,440
-2,281
| -2% | -$128K |
|
|
HQH
1015
abrdn Healthcare Investors
HQH
$1.25B
| $5.96M | 0.01% |
250,099
+23,519
| +10% | +$511K |
|
1016
AutoZone
AZO
$49.2B
| $5.96M | 0.01% |
5,027
+16
| +0.3% | +$18.5K |
|
|
CTXS
1017
DELISTED
Citrix Systems Inc
CTXS
| $5.96M | 0.01% |
45,780
-31,458
| -41% | -$4M |
|
1018
Invesco Building & Construction ETF
PKB
$430M
| $5.94M | 0.01% |
144,379
+35,629
| +33% | +$1.4M |
|
|
THW
1019
abrdn World Healthcare Fund
THW
$536M
| $5.94M | 0.01% |
375,176
+2,561
| +0.7% | +$38.4K |
|
1020
Corpay
CPAY
$25B
| $5.94M | 0.01% |
21,760
+3,601
| +20% | +$925K |
|
1021
VictoryShares US Multi-Factor Minimum Volatility ETF
VSMV
$155M
| $5.93M | 0.01% |
174,386
+5,746
| +3% | +$189K |
|
1022
Cincinnati Financial
CINF
$27.3B
| $5.92M | 0.01% |
67,815
+15,006
| +28% | +$1.2M |
|
1023
SAP
SAP
$212B
| $5.92M | 0.01% |
45,376
+9,664
| +27% | +$1.25M |
|
1024
Amplify BlackSwan Growth & Treasure Core ETF
SWAN
$157M
| $5.91M | 0.01% |
180,045
-76,794
| -30% | -$2.48M |
|
1025
iShares MSCI Hong Kong ETF
EWH
$1.24B
| $5.9M | 0.01% |
239,553
-34,330
| -13% | -$800K |
|
Similar funds
LPL Financial's Q4 2020 Portfolio in Review
As of Q4 2020, LPL Financial held 3,938 positions worth $77.2B, up 21% from $64B the previous quarter. Its ten largest holdings account for 20% of the portfolio.
LPL Financial deployed $5.76B of net new capital in Q4 2020, opening 393 new positions and adding to 2,285 existing holdings. Its largest new stake was Global X MSCI China Consumer Discretionary ETF: 351,999 shares worth $12.5M.
By sector, the portfolio is most concentrated in Technology at 6.5% of assets, up from 6.1% a quarter earlier, followed by Consumer Discretionary and Financials.
On the sell side, the largest reduction was iShares MSCI USA Min Vol Factor ETF, an estimated $290M trimmed.
- LPL Financial's largest Q4 2020 buy was Global X MSCI China Consumer Discretionary ETF: 351,999 shares worth $12.5M.
- LPL Financial added most to iShares Core MSCI EAFE ETF in Q4 2020, an estimated $325M increase.
- LPL Financial's biggest Q4 2020 reduction was iShares MSCI USA Min Vol Factor ETF, cutting an estimated $290M.
- LPL Financial fully exited iShares iBonds Dec 2020 Term Corporate ETF in Q4 2020, selling an estimated $23.5M.
- LPL Financial's ten largest holdings make up 20% of its $77.2B portfolio in Q4 2020.
- LPL Financial opened 393 new positions and closed 132 in Q4 2020.
- LPL Financial's portfolio value rose 21% quarter-over-quarter to $77.2B.
Based on LPL Financial's 13F filing for Q4 2020, filed 12 Feb 2021.