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 | |
|---|---|---|---|---|---|---|
1101
VanEck JP Morgan EM Local Currency Bond ETF
EMLC
$4.78B
| $8.68M | 0.01% |
303,404
+10,734
| +4% | +$313K |
|
1102
Teradyne
TER
$57.1B
| $8.67M | 0.01% |
53,004
+6,532
| +14% | +$919K |
|
1103
WisdomTree International Quality Dividend Growth Fund
IQDG
$710M
| $8.67M | 0.01% |
217,270
+34,285
| +19% | +$1.34M |
|
1104
Philips
PHG
$25.4B
| $8.66M | 0.01% |
284,410
+24,218
| +9% | +$823K |
|
1105
State Street Multi-Asset Real Return ETF
RLY
$1.26B
| $8.65M | 0.01% |
320,234
+143,732
| +81% | +$4.24M |
|
1106
Nuveen Taxable Municipal Income Fund
NBB
$446M
| $8.63M | 0.01% |
380,314
+2,082
| +0.6% | +$47.2K |
|
|
DRE
1107
DELISTED
Duke Realty Corp.
DRE
| $8.63M | 0.01% |
131,441
+47,874
| +57% | +$2.77M |
|
|
EXAS
1108
DELISTED
Exact Sciences
EXAS
| $8.61M | 0.01% |
110,667
+5,816
| +6% | +$513K |
|
1109
iShares MSCI Mexico ETF
EWW
$1.91B
| $8.6M | 0.01% |
169,983
+38,583
| +29% | +$1.86M |
|
1110
Dover
DOV
$27.4B
| $8.6M | 0.01% |
47,335
-53
| -0.1% | -$8.99K |
|
|
HFRO
1111
Highland Opportunities and Income Fund
HFRO
$412M
| $8.59M | 0.01% |
781,635
-5,427
| -0.7% | -$60.4K |
|
1112
QuantumScape Corp
QS
$3.16B
| $8.59M | 0.01% |
386,955
+41,660
| +12% | +$1.14M |
|
|
ETJ
1113
Eaton Vance Risk-Managed Diversified Equity Income Fund
ETJ
$565M
| $8.59M | 0.01% |
803,145
+73,010
| +10% | +$806K |
|
|
EOS
1114
Eaton Vance Enhance Equity Income Fund II
EOS
$1.13B
| $8.58M | 0.01% |
348,954
+43,607
| +14% | +$1.05M |
|
1115
Invesco S&P Global Water Index ETF
CGW
$1.05B
| $8.57M | 0.01% |
141,432
+30,450
| +27% | +$1.8M |
|
1116
VanEck IG Floating Rate ETF
FLTR
$2.94B
| $8.57M | 0.01% |
339,353
+59,606
| +21% | +$1.51M |
|
|
RDS.B
1117
DELISTED
Royal Dutch Shell PLC ADS Class B
RDS.B
| $8.57M | 0.01% |
197,632
-1,075
| -0.5% | -$48.5K |
|
1118
Macerich
MAC
$7.18B
| $8.55M | 0.01% |
494,817
+17,027
| +4% | +$319K |
|
1119
Charter Communications
CHTR
$17B
| $8.55M | 0.01% |
13,107
-674
| -5% | -$459K |
|
1120
iShares MSCI South Africa ETF
EZA
$537M
| $8.54M | 0.01% |
+184,094
| New | +$8.66M |
|
1121
VictoryShares US Multi-Factor Minimum Volatility ETF
VSMV
$157M
| $8.53M | 0.01% |
202,660
+10,547
| +5% | +$425K |
|
1122
Humana
HUM
$43.8B
| $8.52M | 0.01% |
18,367
+1,024
| +6% | +$453K |
|
1123
Cardlytics
CDLX
$22.5M
| $8.49M | 0.01% |
12,849
+522
| +4% | +$399K |
|
1124
Davis Select US Equity ETF
DUSA
$1.26B
| $8.47M | 0.01% |
247,854
+19,241
| +8% | +$670K |
|
1125
Sony
SONY
$134B
| $8.47M | 0.01% |
335,175
+13,605
| +4% | +$324K |
|
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.