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 | |
|---|---|---|---|---|---|---|
1076
Cleveland-Cliffs
CLF
$6.57B
| $6.41M | 0.01% |
318,622
+50,860
| +19% | +$828K |
|
1077
First Trust Nasdaq Transportation ETF
FTXR
$1.07B
| $6.39M | 0.01% |
194,004
-765,487
| -80% | -$23.5M |
|
1078
Maximus
MMS
$3.17B
| $6.38M | 0.01% |
71,692
+13,313
| +23% | +$1.09M |
|
1079
Corpay
CPAY
$25B
| $6.37M | 0.01% |
23,728
+1,968
| +9% | +$535K |
|
|
MRSH
1080
Marsh
MRSH
$90.5B
| $6.34M | 0.01% |
52,023
+4,224
| +9% | +$486K |
|
1081
Strategy Inc
MSTR
$34.1B
| $6.31M | 0.01% |
92,960
+46,790
| +101% | +$3.31M |
|
|
BSJO
1082
DELISTED
Invesco BulletShares 2024 High Yield Corporate Bond ETF
BSJO
| $6.3M | 0.01% |
252,184
+33,598
| +15% | +$837K |
|
1083
Lennar Class A
LEN
$19.8B
| $6.29M | 0.01% |
64,209
+508
| +0.8% | +$42.7K |
|
|
MASI
1084
DELISTED
Masimo
MASI
| $6.27M | 0.01% |
27,296
+2,098
| +8% | +$527K |
|
1085
ProShares Pet Care ETF
PAWZ
$34M
| $6.26M | 0.01% |
86,484
+17,270
| +25% | +$1.27M |
|
1086
Xtrackers MSCI All World ex US Hedged Equity ETF
DBAW
$287M
| $6.25M | 0.01% |
191,429
+673
| +0.4% | +$21.6K |
|
1087
Sprott Physical Silver Trust
PSLV
$12B
| $6.24M | 0.01% |
710,762
+323,902
| +84% | +$3.05M |
|
1088
iShares Morningstar Mid-Cap Value ETF
IMCV
$1.14B
| $6.24M | 0.01% |
101,472
+18,363
| +22% | +$1.05M |
|
1089
Vanguard Russell 2000 Growth ETF
VTWG
$1.47B
| $6.23M | 0.01% |
28,459
-693
| -2% | -$157K |
|
1090
International Flavors & Fragrances
IFF
$20.2B
| $6.22M | 0.01% |
44,560
+13,514
| +44% | +$1.75M |
|
|
ADRE
1091
DELISTED
Invesco BLDRS Emerging Markets 50 ADR Index Fund
ADRE
| $6.22M | 0.01% |
110,460
+52,123
| +89% | +$3.14M |
|
1092
Invesco Dorsey Wright Industrials Momentum ETF
PRN
$416M
| $6.21M | 0.01% |
60,753
+19,171
| +46% | +$1.95M |
|
1093
Main Street Capital
MAIN
$5.06B
| $6.21M | 0.01% |
158,563
+33,485
| +27% | +$1.18M |
|
1094
Nuveen Municipal Value Fund
NUV
$1.92B
| $6.17M | 0.01% |
554,231
-20,585
| -4% | -$230K |
|
1095
State Street
STT
$50.6B
| $6.16M | 0.01% |
73,371
+12,631
| +21% | +$978K |
|
1096
iShares Global 100 ETF
IOO
$8.93B
| $6.16M | 0.01% |
93,367
+4,263
| +5% | +$277K |
|
1097
WisdomTree US MidCap Fund
EZM
$940M
| $6.16M | 0.01% |
120,973
-6,785
| -5% | -$326K |
|
1098
Chewy
CHWY
$9.25B
| $6.16M | 0.01% |
72,681
-38,026
| -34% | -$3.7M |
|
|
RDS.B
1099
DELISTED
Royal Dutch Shell PLC ADS Class B
RDS.B
| $6.15M | 0.01% |
167,073
-2,606
| -2% | -$99.5K |
|
1100
Kroger
KR
$35.4B
| $6.12M | 0.01% |
169,923
+16,137
| +10% | +$551K |
|
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.