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 | |
|---|---|---|---|---|---|---|
1326
Invesco FTSE RAFI Emerging Markets ETF
PXH
$1.94B
| $4.31M | 0.01% |
191,323
+34,379
| +22% | +$771K |
|
|
SPR
1327
DELISTED
Spirit AeroSystems
SPR
| $4.31M | 0.01% |
88,577
+6,289
| +8% | +$269K |
|
1328
Albemarle
ALB
$13.9B
| $4.3M | ﹤0.01% |
29,428
+4,079
| +16% | +$655K |
|
1329
iShares Emerging Markets Dividend ETF
DVYE
$1.22B
| $4.3M | ﹤0.01% |
109,715
+1,663
| +2% | +$64.2K |
|
1330
ClearBridge Large Cap Growth Select ETF
LRGE
$374M
| $4.3M | ﹤0.01% |
85,113
+14,836
| +21% | +$742K |
|
|
CSA
1331
DELISTED
VictoryShares US Small Cap Volatility Wtd ETF
CSA
| $4.29M | ﹤0.01% |
67,702
+974
| +1% | +$59K |
|
1332
Invesco DB Oil Fund
DBO
$403M
| $4.29M | ﹤0.01% |
407,693
+3,322
| +0.8% | +$33.5K |
|
|
EMTL
1333
DELISTED
State Street DoubleLine Emerging Markets Fixed Income ETF
EMTL
| $4.28M | ﹤0.01% |
85,236
+29,259
| +52% | +$1.48M |
|
1334
Pultegroup
PHM
$24.1B
| $4.28M | ﹤0.01% |
81,625
+581
| +0.7% | +$27.1K |
|
|
CIK
1335
Credit Suisse Asset Management Income Fund
CIK
$134M
| $4.24M | ﹤0.01% |
1,255,166
+55,804
| +5% | +$183K |
|
1336
Zillow
Z
$7.79B
| $4.24M | ﹤0.01% |
32,685
-1,874
| -5% | -$278K |
|
1337
Ameren
AEE
$30.3B
| $4.23M | ﹤0.01% |
51,948
+660
| +1% | +$49.4K |
|
1338
iShares ESG Aware USD Corporate Bond ETF
SUSC
$1.29B
| $4.22M | ﹤0.01% |
156,779
+44,319
| +39% | +$1.22M |
|
1339
Teck Resources
TECK
$29.6B
| $4.21M | ﹤0.01% |
219,497
-1,620
| -0.7% | -$32.8K |
|
1340
RingCentral
RNG
$4.66B
| $4.2M | ﹤0.01% |
14,093
+1,656
| +13% | +$609K |
|
1341
CoStar Group
CSGP
$11.7B
| $4.2M | ﹤0.01% |
51,050
-11,230
| -18% | -$970K |
|
1342
Occidental Petroleum
OXY
$56.8B
| $4.19M | ﹤0.01% |
157,396
+4,546
| +3% | +$114K |
|
1343
Infosys
INFY
$48.7B
| $4.19M | ﹤0.01% |
223,752
-18,854
| -8% | -$341K |
|
1344
Invesco MSCI Sustainable Future ETF
ERTH
$133M
| $4.19M | ﹤0.01% |
55,425
+17,362
| +46% | +$1.35M |
|
1345
Diamondback Energy
FANG
$57.1B
| $4.17M | ﹤0.01% |
56,766
+37,042
| +188% | +$2.54M |
|
1346
Prospect Capital
PSEC
$1.07B
| $4.17M | ﹤0.01% |
543,718
+145,449
| +37% | +$1M |
|
1347
Sprott Physical Gold and Silver Trust
CEF
$7.4B
| $4.16M | ﹤0.01% |
239,528
+23,388
| +11% | +$433K |
|
1348
GoodRx Holdings
GDRX
$1.04B
| $4.16M | ﹤0.01% |
106,550
+72,101
| +209% | +$3.24M |
|
1349
BlackRock Credit Allocation Income Trust
BTZ
$930M
| $4.16M | ﹤0.01% |
283,176
+38,066
| +16% | +$561K |
|
1350
Fidelity MSCI Consumer Staples Index ETF
FSTA
$1.42B
| $4.14M | ﹤0.01% |
99,627
+18,194
| +22% | +$729K |
|
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.