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 | |
|---|---|---|---|---|---|---|
1126
Hilton Worldwide
HLT
$72.2B
| $8.47M | 0.01% |
54,288
-663
| -1% | -$95.5K |
|
|
BNY
1127
Bank of New York Mellon
BNY
$106B
| $8.45M | 0.01% |
145,483
+27,043
| +23% | +$1.56M |
|
1128
RLI Corp
RLI
$5.59B
| $8.43M | 0.01% |
150,372
+312
| +0.2% | +$16.9K |
|
1129
Schwab US REIT ETF
SCHH
$11.4B
| $8.4M | 0.01% |
318,852
+15,292
| +5% | +$377K |
|
1130
First Trust Horizon Managed Volatility Developed International ETF
HDMV
$17.5M
| $8.38M | 0.01% |
263,610
+10,177
| +4% | +$320K |
|
1131
IQ MacKay Municipal Insured ETF
MMIN
$463M
| $8.38M | 0.01% |
304,381
-24,162
| -7% | -$663K |
|
1132
eBay
EBAY
$50.3B
| $8.38M | 0.01% |
125,934
+8,747
| +7% | +$624K |
|
1133
Dutch Bros
BROS
$9.07B
| $8.37M | 0.01% |
164,430
+98,666
| +150% | +$5.48M |
|
1134
DTE Energy
DTE
$29.4B
| $8.36M | 0.01% |
69,907
+3,817
| +6% | +$436K |
|
1135
VanEck Short High Yield Muni ETF
SHYD
$451M
| $8.35M | 0.01% |
332,101
+38,290
| +13% | +$959K |
|
1136
ProShares Pet Care ETF
PAWZ
$34.2M
| $8.32M | 0.01% |
105,252
-20,681
| -16% | -$1.64M |
|
1137
Edison International
EIX
$29.1B
| $8.3M | 0.01% |
121,568
+9,247
| +8% | +$586K |
|
|
ETV
1138
Eaton Vance Tax-Managed Buy-Write Opportunities Fund
ETV
$1.69B
| $8.29M | 0.01% |
495,368
+43,582
| +10% | +$719K |
|
1139
Roper Technologies
ROP
$38.9B
| $8.28M | 0.01% |
16,826
+933
| +6% | +$444K |
|
1140
American Airlines Group
AAL
$10.1B
| $8.26M | 0.01% |
460,015
-42,629
| -8% | -$818K |
|
|
SZNE
1141
DELISTED
Pacer CFRA-Stoval Equal Weight Seasonal Rotation ETF
SZNE
| $8.25M | 0.01% |
206,852
+38,799
| +23% | +$1.5M |
|
1142
Xtrackers MSCI USA ESG Leaders Equity ETF
USSG
$564M
| $8.23M | 0.01% |
185,533
+114,629
| +162% | +$4.93M |
|
1143
Eaton Vance Tax-Advantaged Dividend Income Fund
EVT
$2.11B
| $8.19M | 0.01% |
274,809
-3,269
| -1% | -$94.1K |
|
1144
AvalonBay Communities
AVB
$26.6B
| $8.17M | 0.01% |
32,330
+1,951
| +6% | +$465K |
|
1145
Brown-Forman Class B
BF.B
$13.2B
| $8.16M | 0.01% |
112,035
+3,286
| +3% | +$234K |
|
1146
Match Group
MTCH
$9.14B
| $8.16M | 0.01% |
61,713
+7,677
| +14% | +$1.11M |
|
1147
Extra Space Storage
EXR
$31.2B
| $8.16M | 0.01% |
35,984
+9,611
| +36% | +$1.9M |
|
1148
Xtrackers Municipal Infrastructure Revenue Bond ETF
RVNU
$142M
| $8.16M | 0.01% |
278,773
+26,060
| +10% | +$759K |
|
1149
Avantis International Small Cap Value ETF
AVDV
$18.8B
| $8.13M | 0.01% |
125,942
-49,706
| -28% | -$3.23M |
|
1150
Expedia Group
EXPE
$35.2B
| $8.13M | 0.01% |
44,968
-215
| -0.5% | -$36.5K |
|
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.