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 | |
|---|---|---|---|---|---|---|
1126
ProShares Pet Care ETF
PAWZ
$34M
| $4.96M | 0.01% |
69,214
+25,427
| +58% | +$1.65M |
|
1127
American International
AIG
$41.7B
| $4.95M | 0.01% |
130,713
-7,308
| -5% | -$257K |
|
1128
Equifax
EFX
$20.3B
| $4.94M | 0.01% |
25,634
+771
| +3% | +$130K |
|
1129
Fidelity Low Volatility Factor ETF
FDLO
$1.44B
| $4.94M | 0.01% |
115,559
+33,226
| +40% | +$1.36M |
|
1130
EOG Resources
EOG
$79.2B
| $4.93M | 0.01% |
98,924
-13,419
| -12% | -$583K |
|
1131
Ametek
AME
$55.4B
| $4.93M | 0.01% |
40,780
+5,508
| +16% | +$620K |
|
|
X
1132
DELISTED
US Steel
X
| $4.93M | 0.01% |
294,079
+42,637
| +17% | +$530K |
|
|
EVV
1133
Eaton Vance Limited Duration Income Fund
EVV
$1.06B
| $4.91M | 0.01% |
392,002
-8,372
| -2% | -$101K |
|
1134
Vanguard S&P Mid-Cap 400 Growth ETF
IVOG
$1.62B
| $4.9M | 0.01% |
54,780
+15,236
| +39% | +$1.26M |
|
1135
Kroger
KR
$35.4B
| $4.88M | 0.01% |
153,786
+48,088
| +45% | +$1.56M |
|
1136
Xtrackers USD High Yield Corporate Bond ETF
HYLB
$3.52B
| $4.88M | 0.01% |
121,690
+28,756
| +31% | +$1.13M |
|
1137
Global X Social Media ETF
SOCL
$90.4M
| $4.86M | 0.01% |
78,675
+44,464
| +130% | +$2.47M |
|
1138
Zillow
ZG
$7.94B
| $4.84M | 0.01% |
35,642
+24,749
| +227% | +$2.79M |
|
1139
First Trust Consumer Staples AlphaDEX Fund
FXG
$229M
| $4.84M | 0.01% |
93,725
-31,071
| -25% | -$1.57M |
|
1140
iShares MSCI Brazil ETF
EWZ
$9.28B
| $4.8M | 0.01% |
129,591
+82,053
| +173% | +$2.65M |
|
1141
Donaldson
DCI
$10.9B
| $4.8M | 0.01% |
85,881
+59,283
| +223% | +$3.13M |
|
1142
Cloudflare
NET
$99B
| $4.79M | 0.01% |
63,092
-11,237
| -15% | -$737K |
|
1143
KeyCorp
KEY
$24.2B
| $4.78M | 0.01% |
291,555
+39,633
| +16% | +$577K |
|
1144
Franco-Nevada
FNV
$41.1B
| $4.78M | 0.01% |
38,127
+254
| +0.7% | +$34.3K |
|
1145
iShares Morningstar Small-Cap ETF
ISCB
$282M
| $4.78M | 0.01% |
96,800
+3,856
| +4% | +$173K |
|
1146
ALPS Clean Energy ETF
ACES
$109M
| $4.77M | 0.01% |
59,548
+52,528
| +748% | +$3.43M |
|
|
CHI
1147
Calamos Convertible Opportunities and Income Fund
CHI
$1.01B
| $4.77M | 0.01% |
352,111
-24,440
| -6% | -$301K |
|
1148
Roper Technologies
ROP
$38.8B
| $4.76M | 0.01% |
11,048
+2,299
| +26% | +$944K |
|
1149
FlexShares Quality Dividend Defensive Index Fund
QDEF
$547M
| $4.76M | 0.01% |
99,268
+2,330
| +2% | +$107K |
|
1150
VictoryShares US Large Cap High Div Volatility Wtd ETF
CDL
$401M
| $4.74M | 0.01% |
100,617
-60,119
| -37% | -$2.67M |
|
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.