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 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 | |
|---|---|---|---|---|---|---|
101
iShares 7-10 Year Treasury Bond ETF
IEF
$47.3B
| $153M | 0.2% |
1,278,458
+127,242
| +11% | +$15.3M |
|
102
Vanguard Short-Term Corporate Bond ETF
VCSH
$44.7B
| $151M | 0.2% |
1,808,363
+288,093
| +19% | +$23.9M |
|
103
Boeing
BA
$171B
| $147M | 0.19% |
684,575
+75,415
| +12% | +$14.5M |
|
104
Costco
COST
$431B
| $146M | 0.19% |
388,191
+40,127
| +12% | +$15M |
|
105
First Trust Enhanced Short Maturity ETF
FTSM
$6.51B
| $146M | 0.19% |
2,435,910
-164,419
| -6% | -$9.87M |
|
106
Vanguard Mortgage-Backed Securities ETF
VMBS
$15.5B
| $145M | 0.19% |
2,675,840
+220,073
| +9% | +$11.9M |
|
107
Pfizer
PFE
$143B
| $144M | 0.19% |
3,899,599
+247,191
| +7% | +$9.07M |
|
108
Adobe
ADBE
$105B
| $143M | 0.19% |
285,745
+17,590
| +7% | +$8.5M |
|
109
Netflix
NFLX
$306B
| $142M | 0.18% |
2,630,570
+415,480
| +19% | +$21.1M |
|
110
WisdomTree Emerging Markets ex-State-Owned Enterprises Fund
XSOE
$1.96B
| $140M | 0.18% |
3,537,805
+552,187
| +18% | +$20.3M |
|
111
Invesco S&P 500 Equal Weight ETF
RSP
$97.8B
| $140M | 0.18% |
1,096,620
+94,638
| +9% | +$11.3M |
|
112
iShares 20+ Year Treasury Bond ETF
TLT
$42.7B
| $138M | 0.18% |
876,646
-127,866
| -13% | -$20.3M |
|
113
State Street Financial Select Sector SPDR ETF
XLF
$56.7B
| $138M | 0.18% |
4,677,478
-251,781
| -5% | -$6.74M |
|
114
Walmart Inc
WMT
$908B
| $135M | 0.17% |
2,808,951
+324,648
| +13% | +$15.8M |
|
115
iShares 0-5 Year High Yield Corporate Bond ETF
SHYG
$7.6B
| $135M | 0.17% |
2,969,098
+370,900
| +14% | +$16.6M |
|
116
State Street Communication Services Select Sector SPDR ETF
XLC
$22.7B
| $135M | 0.17% |
1,993,377
+344,210
| +21% | +$21.9M |
|
117
PIMCO Enhanced Short Maturity Active Exchange-Traded Fund
MINT
$16.9B
| $130M | 0.17% |
1,273,970
+205,292
| +19% | +$20.9M |
|
118
UnitedHealth
UNH
$383B
| $130M | 0.17% |
369,425
+39,328
| +12% | +$13.2M |
|
119
PayPal
PYPL
$51.1B
| $129M | 0.17% |
551,090
+134,817
| +32% | +$27.9M |
|
120
iShares MSCI Emerging Markets ETF
EEM
$27.8B
| $129M | 0.17% |
2,493,017
+210,208
| +9% | +$10.1M |
|
121
Salesforce
CRM
$155B
| $126M | 0.16% |
567,642
+125,822
| +28% | +$30.6M |
|
122
Vanguard Mega Cap Growth ETF
MGK
$31.7B
| $126M | 0.16% |
3,097,975
+273,800
| +10% | +$10.6M |
|
123
iShares Russell Mid-Cap Growth ETF
IWP
$19.6B
| $126M | 0.16% |
1,223,345
+84,785
| +7% | +$8.07M |
|
124
State Street Consumer Staples Select Sector SPDR ETF
XLP
$14.6B
| $125M | 0.16% |
1,856,880
+100,528
| +6% | +$6.64M |
|
125
State Street Utilities Select Sector SPDR ETF
XLU
$23.2B
| $124M | 0.16% |
3,953,048
-47,542
| -1% | -$1.5M |
|
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.