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 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 | |
|---|---|---|---|---|---|---|
|
101
iShares Global Tech ETF
IXN
$8.1B
| $230M | 0.19% |
3,574,655
-709,906
| -17% | -$43.6M |
|
102
Vanguard Real Estate ETF
VNQ
$40B
| $223M | 0.19% |
1,926,037
+171,204
| +10% | +$18.7M |
|
103
State Street Communication Services Select Sector SPDR ETF
XLC
$22.6B
| $220M | 0.18% |
2,828,760
+653
| +0% | +$51.6K |
|
104
Mastercard
MA
$497B
| $215M | 0.18% |
599,527
+30,329
| +5% | +$10.5M |
|
105
iShares Preferred and Income Securities ETF
PFF
$13.2B
| $215M | 0.18% |
5,452,014
+237,509
| +5% | +$9.23M |
|
106
State Street SPDR Portfolio Aggregate Bond ETF
SPAB
$9.81B
| $213M | 0.18% |
7,202,003
-79,801
| -1% | -$2.37M |
|
107
Verizon
VZ
$201B
| $210M | 0.18% |
4,033,732
+128,365
| +3% | +$6.7M |
|
108
First Trust Preferred Securities and Income ETF
FPE
$6.33B
| $209M | 0.18% |
10,275,765
+923,925
| +10% | +$18.8M |
|
109
iShares Gold Trust
IAU
$62.5B
| $208M | 0.17% |
5,985,268
+147,279
| +3% | +$5.03M |
|
110
State Street SPDR Portfolio TIPS ETF
SPIP
$1.01B
| $208M | 0.17% |
6,608,500
+2,110,337
| +47% | +$66.3M |
|
111
iShares iBoxx $ Investment Grade Corporate Bond ETF
LQD
$34.5B
| $207M | 0.17% |
1,562,600
-105,984
| -6% | -$14.1M |
|
112
iShares ESG Aware MSCI EM ETF
ESGE
$6.41B
| $205M | 0.17% |
5,153,745
-511,960
| -9% | -$21.1M |
|
113
iShares MSCI USA Momentum Factor ETF
MTUM
$24.4B
| $203M | 0.17% |
1,117,752
-36,426
| -3% | -$6.71M |
|
114
iShares 1-3 Year Treasury Bond ETF
SHY
$25.4B
| $202M | 0.17% |
2,365,527
+91,176
| +4% | +$7.82M |
|
115
iShares US Medical Devices ETF
IHI
$3.14B
| $201M | 0.17% |
3,046,238
+17,704
| +0.6% | +$1.13M |
|
116
Adobe
ADBE
$99B
| $199M | 0.17% |
350,668
+16,718
| +5% | +$10.5M |
|
117
Goldman Sachs ActiveBeta International Equity ETF
GSIE
$5.91B
| $197M | 0.16% |
5,572,029
+611,031
| +12% | +$21.4M |
|
118
Netflix
NFLX
$301B
| $195M | 0.16% |
3,229,210
+183,650
| +6% | +$11.7M |
|
119
Chevron
CVX
$374B
| $194M | 0.16% |
1,656,719
+130,318
| +9% | +$14.8M |
|
|
120
iShares 1-5 Year Investment Grade Corporate Bond ETF
IGSB
$23B
| $190M | 0.16% |
3,534,769
-2,476,410
| -41% | -$134M |
|
121
Cisco
CSCO
$456B
| $190M | 0.16% |
3,005,219
+55,318
| +2% | +$3.16M |
|
122
iShares 3-7 Year Treasury Bond ETF
IEI
$18.1B
| $188M | 0.16% |
1,458,990
-171,499
| -11% | -$22.1M |
|
123
ProShares S&P 500 Dividend Aristocrats ETF
NOBL
$11.9B
| $187M | 0.16% |
3,809,286
+355,234
| +10% | +$16.8M |
|
124
iShares Russell Mid-Cap Growth ETF
IWP
$19.6B
| $185M | 0.16% |
1,603,691
+53,855
| +3% | +$6.28M |
|
125
Walmart Inc
WMT
$900B
| $182M | 0.15% |
3,783,546
+327,426
| +9% | +$15.6M |
|
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.