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 | |
|---|---|---|---|---|---|---|
|
CSA
1301
DELISTED
VictoryShares US Small Cap Volatility Wtd ETF
CSA
| $3.59M | ﹤0.01% |
66,728
+713
| +1% | +$34.1K |
|
1302
Invesco Dorsey Wright Emerging Markets Momentum ETF
PIE
$237M
| $3.58M | ﹤0.01% |
156,727
+119,461
| +321% | +$2.5M |
|
1303
VanEck Long Muni ETF
MLN
$677M
| $3.58M | ﹤0.01% |
164,813
+8,920
| +6% | +$192K |
|
1304
Toyota
TM
$224B
| $3.57M | ﹤0.01% |
23,105
+4,222
| +22% | +$590K |
|
1305
Innovator S&P Investment Grade Preferred ETF
EPRF
$68.8M
| $3.57M | ﹤0.01% |
144,196
+64,882
| +82% | +$1.59M |
|
1306
STMicroelectronics
STM
$46.7B
| $3.57M | ﹤0.01% |
96,130
-2,850
| -3% | -$101K |
|
1307
iShares MSCI Mexico ETF
EWW
$1.92B
| $3.56M | ﹤0.01% |
82,888
-52,679
| -39% | -$2.05M |
|
1308
VanEck Long/Flat Trend ETF
LFEQ
$28.3M
| $3.56M | ﹤0.01% |
102,875
+176
| +0.2% | +$5.88K |
|
1309
Bausch Health
BHC
$2.58B
| $3.56M | ﹤0.01% |
+171,264
| New | +$3.19M |
|
1310
Essex Property Trust
ESS
$18.3B
| $3.56M | ﹤0.01% |
14,991
+12,398
| +478% | +$2.86M |
|
|
COUP
1311
DELISTED
Coupa Software Incorporated
COUP
| $3.56M | ﹤0.01% |
10,495
-321
| -3% | -$99.3K |
|
1312
Nuveen ESG Mid-Cap Growth ETF
NUMG
$350M
| $3.56M | ﹤0.01% |
71,880
+3,997
| +6% | +$187K |
|
1313
First Trust NASDAQ ABA Community Bank Index Fund
QABA
$93.2M
| $3.56M | ﹤0.01% |
79,415
+27,578
| +53% | +$1.11M |
|
1314
Qorvo
QRVO
$7.99B
| $3.55M | ﹤0.01% |
21,325
+6,701
| +46% | +$986K |
|
1315
BlackRock Core Bond Trust
BHK
$643M
| $3.53M | ﹤0.01% |
216,520
+34,063
| +19% | +$540K |
|
1316
Invesco California AMT-Free Municipal Bond ETF
PWZ
$1.14B
| $3.53M | ﹤0.01% |
125,991
-18,226
| -13% | -$505K |
|
1317
Starwood Property Trust
STWD
$5.92B
| $3.52M | ﹤0.01% |
182,645
-22,939
| -11% | -$390K |
|
1318
ClearBridge Large Cap Growth Select ETF
LRGE
$374M
| $3.52M | ﹤0.01% |
70,277
+10,963
| +18% | +$525K |
|
1319
Lamb Weston
LW
$7.22B
| $3.51M | ﹤0.01% |
44,601
+1,707
| +4% | +$124K |
|
1320
VanEck Low Carbon Energy ETF
SMOG
$129M
| $3.51M | ﹤0.01% |
21,201
+7,159
| +51% | +$969K |
|
1321
iShares ESG Aware 1-5 Year USD Corporate Bond ETF
SUSB
$1.3B
| $3.5M | ﹤0.01% |
133,840
+79,001
| +144% | +$2.06M |
|
1322
Pultegroup
PHM
$24.1B
| $3.5M | ﹤0.01% |
81,044
+510
| +0.6% | +$22.6K |
|
1323
WisdomTree International SmallCap Dividend Fund
DLS
$1.06B
| $3.49M | ﹤0.01% |
51,252
+4,002
| +8% | +$255K |
|
1324
Royal Bank of Canada
RY
$291B
| $3.48M | ﹤0.01% |
42,468
+6,374
| +18% | +$493K |
|
|
XYZ
1325
PUT
Block Inc
XYZ
$48.4B
| $3.48M | ﹤0.01% |
16,000
| – | – |
|
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.