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 | |
|---|---|---|---|---|---|---|
1101
Global Payments
GPN
$23B
| $5.14M | 0.01% |
23,878
+4,801
| +25% | +$895K |
|
1102
FlexShares Global Upstream Natural Resources Index Fund
GUNR
$7.2B
| $5.14M | 0.01% |
158,063
+15,212
| +11% | +$458K |
|
1103
Ross Stores
ROST
$80.5B
| $5.11M | 0.01% |
41,619
+1,874
| +5% | +$196K |
|
|
UBA
1104
DELISTED
Urstadt Biddle Properties Inc. Class A
UBA
| $5.11M | 0.01% |
+361,597
| New | +$4.31M |
|
1105
AllianceBernstein
AB
$3.43B
| $5.08M | 0.01% |
150,587
+19,211
| +15% | +$607K |
|
1106
Church & Dwight Co
CHD
$23.4B
| $5.08M | 0.01% |
58,278
+8,150
| +16% | +$722K |
|
1107
First Solar
FSLR
$22.7B
| $5.08M | 0.01% |
51,364
+22,986
| +81% | +$1.99M |
|
|
LSI
1108
DELISTED
Life Storage, Inc.
LSI
| $5.08M | 0.01% |
63,803
-1,291
| -2% | -$98.3K |
|
1109
Cheniere Energy
LNG
$55.2B
| $5.07M | 0.01% |
84,514
+698
| +0.8% | +$37.4K |
|
1110
Schwab US REIT ETF
SCHH
$11.5B
| $5.07M | 0.01% |
267,038
-52,814
| -17% | -$977K |
|
1111
Invesco S&P 500 Equal Weight Communication Services ETF
RSPC
$55.8M
| $5.07M | 0.01% |
160,198
+3,519
| +2% | +$102K |
|
|
IBMJ
1112
DELISTED
iShares iBonds Dec 2021 Term Muni Bond ETF
IBMJ
| $5.06M | 0.01% |
196,429
+4,015
| +2% | +$104K |
|
1113
First Trust Ultra Short Duration Municipal ETF
FUMB
$246M
| $5.06M | 0.01% |
250,742
+13,615
| +6% | +$274K |
|
1114
M&T Bank
MTB
$35.7B
| $5.05M | 0.01% |
39,666
+6,269
| +19% | +$714K |
|
1115
Royce Value Trust
RVT
$2.21B
| $5.03M | 0.01% |
311,427
+37,115
| +14% | +$544K |
|
1116
Globus Medical
GMED
$10.7B
| $5.02M | 0.01% |
77,034
+5,893
| +8% | +$339K |
|
1117
State Street SPDR MSCI Emerging Markets StrategicFactors ETF
QEMM
$54.5M
| $5.02M | 0.01% |
77,083
+23,942
| +45% | +$1.46M |
|
1118
First Trust Energy AlphaDEX Fund
FXN
$388M
| $5.01M | 0.01% |
632,782
+391,556
| +162% | +$2.68M |
|
1119
Goldman Sachs Hedge Industry VIP ETF
GVIP
$554M
| $5.01M | 0.01% |
54,954
-1,414
| -3% | -$118K |
|
1120
Match Group
MTCH
$9.19B
| $5.01M | 0.01% |
33,140
+11,684
| +54% | +$1.55M |
|
|
AXON
1121
Axon Enterprise
AXON
$42.5B
| $5M | 0.01% |
40,806
+1,974
| +5% | +$226K |
|
1122
BlackRock Income Trust
BKT
$330M
| $4.97M | 0.01% |
273,199
+29,711
| +12% | +$544K |
|
1123
Compass Minerals
CMP
$1.23B
| $4.97M | 0.01% |
80,536
+39,964
| +99% | +$2.48M |
|
1124
J.M. Smucker
SJM
$12.7B
| $4.97M | 0.01% |
42,994
+8,722
| +25% | +$1.01M |
|
1125
State Street SPDR EURO STOXX 50 ETF
FEZ
$4.42B
| $4.97M | 0.01% |
119,099
+8,321
| +8% | +$324K |
|
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.