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 Universal USD Bond ETF
IUSB
|
+$403M |
| 2 |
Vanguard S&P 500 ETF
VOO
|
+$391M |
| 3 |
iShares MSCI EAFE Value ETF
EFV
|
+$313M |
| 4 |
Vanguard Morningstar Mid-Cap ETF
VO
|
+$175M |
| 5 |
iShares Core S&P Small-Cap ETF
IJR
|
+$147M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
iShares iBoxx $ Investment Grade Corporate Bond ETF
LQD
|
+$192M |
| 2 |
iShares MSCI USA Min Vol Factor ETF
USMV
|
+$156M |
| 3 |
Goldman Sachs ActiveBeta US Large Cap Equity ETF
GSLC
|
+$103M |
| 4 |
iShares 0-5 Year High Yield Corporate Bond ETF
SHYG
|
+$101M |
| 5 |
Invesco QQQ Trust
QQQ
|
+$90.5M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 5.97% |
| 2 | Consumer Discretionary | 3.1% |
| 3 | Financials | 3.03% |
| 4 | Healthcare | 2.68% |
| 5 | Communication Services | 2.41% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
1201
Invesco S&P 500 Equal Weight Materials ETF
RSPM
$183M
| $5.28M | 0.01% |
169,300
+20,405
| +14% | +$607K |
|
1202
Equifax
EFX
$20.3B
| $5.28M | 0.01% |
29,145
+3,511
| +14% | +$620K |
|
1203
iShares Core International Aggregate Bond Fund
IAGG
$10.9B
| $5.28M | 0.01% |
96,147
-8,324
| -8% | -$461K |
|
1204
West Pharmaceutical
WST
$24B
| $5.25M | 0.01% |
18,642
-13,901
| -43% | -$3.98M |
|
1205
Schwab US REIT ETF
SCHH
$11.5B
| $5.25M | 0.01% |
255,564
-11,474
| -4% | -$224K |
|
1206
First Trust RBA American Industrial Renaissance ETF
AIRR
$10.1B
| $5.24M | 0.01% |
129,166
+86,049
| +200% | +$3.29M |
|
1207
Verisk Analytics
VRSK
$25.4B
| $5.21M | 0.01% |
29,461
+2,703
| +10% | +$495K |
|
1208
AdvisorShares Pure US Cannabis ETF
MSOS
$858M
| $5.2M | 0.01% |
+122,612
| New | +$5.66M |
|
1209
Dover
DOV
$27.6B
| $5.19M | 0.01% |
37,825
+1,397
| +4% | +$178K |
|
1210
abrdn Physical Silver Shares ETF
SIVR
$4.02B
| $5.17M | 0.01% |
219,003
-50,572
| -19% | -$1.28M |
|
1211
FirstEnergy
FE
$28B
| $5.17M | 0.01% |
148,970
+36,887
| +33% | +$1.2M |
|
1212
Fortinet
FTNT
$119B
| $5.17M | 0.01% |
140,070
+24,845
| +22% | +$813K |
|
|
PBSM
1213
DELISTED
Invesco PureBeta MSCI USA Small Cap ETF
PBSM
| $5.16M | 0.01% |
136,420
+67,102
| +97% | +$2.48M |
|
1214
First Trust Dorsey Wright International Focus 5 ETF
IFV
$227M
| $5.13M | 0.01% |
223,618
-19,520
| -8% | -$456K |
|
|
PRTY
1215
DELISTED
Party City Holdco Inc.
PRTY
| $5.13M | 0.01% |
884,675
+591
| +0.1% | +$4.3K |
|
1216
Graco
GGG
$12.9B
| $5.13M | 0.01% |
71,600
-6,391
| -8% | -$454K |
|
1217
Helen of Troy
HELE
$644M
| $5.13M | 0.01% |
24,330
+590
| +2% | +$133K |
|
1218
First Trust Consumer Staples AlphaDEX Fund
FXG
$229M
| $5.12M | 0.01% |
89,011
-4,714
| -5% | -$255K |
|
1219
Zillow
ZG
$7.94B
| $5.11M | 0.01% |
38,915
+3,273
| +9% | +$505K |
|
1220
Devon Energy
DVN
$52.1B
| $5.11M | 0.01% |
233,633
+154,630
| +196% | +$3.18M |
|
1221
Fidelity Low Volatility Factor ETF
FDLO
$1.44B
| $5.1M | 0.01% |
116,372
+813
| +0.7% | +$34.9K |
|
1222
Snap
SNAP
$7.89B
| $5.09M | 0.01% |
97,388
+12,568
| +15% | +$722K |
|
1223
MDU Resources
MDU
$4.17B
| $5.07M | 0.01% |
421,997
+107,400
| +34% | +$1.17M |
|
1224
Brookfield Infrastructure Partners
BIP
$19.2B
| $5.06M | 0.01% |
142,544
+7,329
| +5% | +$255K |
|
1225
Xtrackers S&P 500 ESG ETF
SNPE
$2.63B
| $5.05M | 0.01% |
145,213
+21,738
| +18% | +$735K |
|
Similar funds
LPL Financial's Q1 2021 Portfolio in Review
As of Q1 2021, LPL Financial held 4,220 positions worth $87B, up 13% from $77.2B the previous quarter. Its ten largest holdings account for 19% of the portfolio.
LPL Financial deployed $6.64B of net new capital in Q1 2021, opening 412 new positions and adding to 2,444 existing holdings. Its largest new stake was Invesco NASDAQ 100 ETF: 270,313 shares worth $35.5M.
By sector, the portfolio is most concentrated in Technology at 6% of assets, down from 6.5% a quarter earlier, followed by Consumer Discretionary and Financials.
On the sell side, the largest reduction was iShares iBoxx $ Investment Grade Corporate Bond ETF, an estimated $192M trimmed.
- LPL Financial's largest Q1 2021 buy was Invesco NASDAQ 100 ETF: 270,313 shares worth $35.5M.
- LPL Financial added most to iShares Core Universal USD Bond ETF in Q1 2021, an estimated $403M increase.
- LPL Financial's biggest Q1 2021 reduction was iShares iBoxx $ Investment Grade Corporate Bond ETF, cutting an estimated $192M.
- LPL Financial fully exited SPDR MFS Systematic Growth Equity ETF of SSgA Active Trust in Q1 2021, selling an estimated $3.61M.
- LPL Financial's ten largest holdings make up 19% of its $87B portfolio in Q1 2021.
- LPL Financial opened 412 new positions and closed 149 in Q1 2021.
- LPL Financial's portfolio value rose 13% quarter-over-quarter to $87B.
Based on LPL Financial's 13F filing for Q1 2021, filed 14 May 2021.