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 | |
|---|---|---|---|---|---|---|
1026
ALPS Sector Dividend Dogs ETF
SDOG
$1.4B
| $9.86M | 0.01% |
184,022
+239
| +0.1% | +$12.6K |
|
1027
Calamos Strategic Total Return Fund
CSQ
$3.19B
| $9.85M | 0.01% |
510,638
+36,818
| +8% | +$693K |
|
1028
Franklin US Large Cap Multifactor Index ETF
FLQL
$2.03B
| $9.83M | 0.01% |
208,953
+17,138
| +9% | +$771K |
|
1029
Liberty All-Star Equity Fund
USA
$1.78B
| $9.8M | 0.01% |
1,169,916
+173,530
| +17% | +$1.47M |
|
1030
Veeva Systems
VEEV
$33.1B
| $9.8M | 0.01% |
38,360
-3,738
| -9% | -$1.09M |
|
1031
Invesco S&P 500 GARP ETF
SPGP
$2.23B
| $9.78M | 0.01% |
100,794
-24,084
| -19% | -$2.23M |
|
1032
Apollo Global Management
APO
$69.1B
| $9.77M | 0.01% |
134,940
+25,438
| +23% | +$1.84M |
|
1033
Tetra Tech
TTEK
$8.28B
| $9.71M | 0.01% |
285,895
+30,315
| +12% | +$1.04M |
|
|
WIW
1034
Western Asset Inflation-Linked Opportunities & Income Fund
WIW
$507M
| $9.71M | 0.01% |
714,854
+282,605
| +65% | +$3.82M |
|
1035
First Trust Institutional Preferred Securities and Income ETF
FPEI
$1.93B
| $9.7M | 0.01% |
475,286
+75,174
| +19% | +$1.54M |
|
1036
iShares MSCI ACWI ex US ETF
ACWX
$11.4B
| $9.69M | 0.01% |
174,300
+30,008
| +21% | +$1.69M |
|
1037
Ross Stores
ROST
$80.7B
| $9.68M | 0.01% |
84,718
+18,930
| +29% | +$2.12M |
|
1038
iShares Mortgage Real Estate ETF
REM
$535M
| $9.66M | 0.01% |
280,047
-12,528
| -4% | -$458K |
|
1039
Quest Diagnostics
DGX
$25.8B
| $9.66M | 0.01% |
55,846
-5,801
| -9% | -$883K |
|
1040
Boston Scientific
BSX
$66.8B
| $9.64M | 0.01% |
226,974
-19,853
| -8% | -$834K |
|
1041
Pinterest
PINS
$13.4B
| $9.64M | 0.01% |
265,122
-2,394
| -0.9% | -$106K |
|
|
SPLK
1042
DELISTED
Splunk Inc
SPLK
| $9.62M | 0.01% |
83,136
-22,260
| -21% | -$3.11M |
|
1043
Arthur J. Gallagher & Co
AJG
$65.1B
| $9.61M | 0.01% |
56,638
+1,107
| +2% | +$181K |
|
1044
Cincinnati Financial
CINF
$26.9B
| $9.6M | 0.01% |
84,295
+6,607
| +9% | +$782K |
|
1045
Invesco Dorsey Wright Financial Momentum ETF
PFI
$59.3M
| $9.57M | 0.01% |
175,069
+80,874
| +86% | +$4.55M |
|
1046
Okta
OKTA
$24.3B
| $9.55M | 0.01% |
42,584
+365
| +0.9% | +$87K |
|
1047
Amphenol
APH
$197B
| $9.48M | 0.01% |
216,726
+12,218
| +6% | +$495K |
|
|
PBSM
1048
DELISTED
Invesco PureBeta MSCI USA Small Cap ETF
PBSM
| $9.45M | 0.01% |
240,628
+185,962
| +340% | +$7.39M |
|
1049
State Street SPDR EURO STOXX 50 ETF
FEZ
$4.37B
| $9.45M | 0.01% |
202,427
-14,592
| -7% | -$681K |
|
1050
FlexShares Global Upstream Natural Resources Index Fund
GUNR
$7.15B
| $9.44M | 0.01% |
238,964
-41,345
| -15% | -$1.6M |
|
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.