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 | |
|---|---|---|---|---|---|---|
1201
iShares China Large-Cap ETF
FXI
$4.37B
| $4.31M | 0.01% |
92,794
+6,816
| +8% | +$311K |
|
1202
Vanguard ESG US Stock ETF
ESGV
$13.1B
| $4.29M | 0.01% |
+61,141
| New | +$4.04M |
|
1203
Datadog
DDOG
$95.4B
| $4.28M | 0.01% |
43,447
+12,589
| +41% | +$1.26M |
|
1204
Maximus
MMS
$3.17B
| $4.27M | 0.01% |
58,379
+15,103
| +35% | +$1.07M |
|
1205
NovoCure
NVCR
$1.73B
| $4.26M | 0.01% |
24,649
-910
| -4% | -$125K |
|
1206
Plug Power
PLUG
$2.87B
| $4.26M | 0.01% |
125,695
+42,013
| +50% | +$951K |
|
1207
VanEck Retail ETF
RTH
$258M
| $4.25M | 0.01% |
27,090
+2,209
| +9% | +$341K |
|
1208
Snap
SNAP
$7.89B
| $4.25M | 0.01% |
84,820
+39,344
| +87% | +$1.63M |
|
|
MNDT
1209
DELISTED
Mandiant, Inc. Common Stock
MNDT
| $4.23M | 0.01% |
183,481
+14,821
| +9% | +$228K |
|
|
FRC
1210
DELISTED
First Republic Bank
FRC
| $4.2M | 0.01% |
28,611
+42
| +0.1% | +$5.47K |
|
1211
Xerox
XRX
$387M
| $4.2M | 0.01% |
181,244
-10,545
| -5% | -$223K |
|
1212
State Street SPDR S&P Pharmaceuticals ETF
XPH
$476M
| $4.2M | 0.01% |
80,720
+8,869
| +12% | +$424K |
|
1213
Whirlpool
WHR
$2.43B
| $4.19M | 0.01% |
23,221
+5,038
| +28% | +$965K |
|
1214
Aptus Defined Risk ETF
DRSK
$1.51B
| $4.19M | 0.01% |
142,655
-51,054
| -26% | -$1.54M |
|
1215
Editas Medicine
EDIT
$396M
| $4.19M | 0.01% |
59,710
+2,304
| +4% | +$94.6K |
|
1216
Sprott Physical Gold and Silver Trust
CEF
$7.4B
| $4.18M | 0.01% |
216,140
+24,699
| +13% | +$460K |
|
1217
Hasbro
HAS
$13.2B
| $4.18M | 0.01% |
44,693
+1,981
| +5% | +$176K |
|
1218
iShares MSCI ACWI ex US ETF
ACWX
$11.5B
| $4.16M | 0.01% |
78,453
+13,106
| +20% | +$650K |
|
1219
Invesco S&P 500 Equal Weight Industrials ETF
RSPN
$1.08B
| $4.16M | 0.01% |
131,540
+44,170
| +51% | +$1.31M |
|
1220
Invesco S&P 500 Equal Weight Materials ETF
RSPM
$183M
| $4.15M | 0.01% |
148,895
+9,270
| +7% | +$241K |
|
|
GRID
1221
First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund
GRID
$11.5B
| $4.15M | 0.01% |
51,232
+27,246
| +114% | +$1.97M |
|
1222
WisdomTree Global ex-U.S. Quality Growth Fund
DNL
$481M
| $4.15M | 0.01% |
108,970
+82,778
| +316% | +$2.93M |
|
1223
Infosys
INFY
$48.7B
| $4.11M | 0.01% |
242,606
+19,265
| +9% | +$295K |
|
|
BSL
1224
Blackstone Senior Floating Rate 2027 Term Fund
BSL
$169M
| $4.1M | 0.01% |
288,485
+9,861
| +4% | +$137K |
|
1225
First Trust Emerging Markets Local Currency Bond ETF
FEMB
$358M
| $4.1M | 0.01% |
107,653
+50,350
| +88% | +$1.82M |
|
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.