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 Morningstar 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 | |
|---|---|---|---|---|---|---|
|
EWSC
1351
DELISTED
Invesco S&P SmallCap 600 Equal Weight ETF
EWSC
| $5.89M | ﹤0.01% |
69,890
+11,787
| +20% | +$989K |
|
1352
State Street SPDR S&P Capital Markets ETF
KCE
$456M
| $5.89M | ﹤0.01% |
56,806
+30,187
| +113% | +$3.15M |
|
1353
iShares Russell 2500 ETF
SMMD
$3.55B
| $5.89M | ﹤0.01% |
88,697
-3,856
| -4% | -$257K |
|
1354
Hormel Foods
HRL
$13.8B
| $5.88M | ﹤0.01% |
120,466
+5,692
| +5% | +$250K |
|
1355
CoStar Group
CSGP
$11.7B
| $5.88M | ﹤0.01% |
74,390
+8,577
| +13% | +$720K |
|
1356
BioMarin Pharmaceuticals
BMRN
$11.6B
| $5.88M | ﹤0.01% |
66,481
-5,610
| -8% | -$463K |
|
1357
Invesco California AMT-Free Municipal Bond ETF
PWZ
$1.14B
| $5.86M | ﹤0.01% |
210,126
-4,972
| -2% | -$138K |
|
1358
SoFi Technologies
SOFI
$21B
| $5.84M | ﹤0.01% |
369,551
+210,003
| +132% | +$3.85M |
|
1359
RPM International
RPM
$13.7B
| $5.84M | ﹤0.01% |
57,840
+4,874
| +9% | +$444K |
|
1360
iShares US Infrastructure ETF
IFRA
$4.5B
| $5.84M | ﹤0.01% |
152,565
+46,457
| +44% | +$1.7M |
|
1361
Carlisle Companies
CSL
$14.6B
| $5.83M | ﹤0.01% |
23,499
+731
| +3% | +$168K |
|
1362
Invesco
IVZ
$13.1B
| $5.82M | ﹤0.01% |
253,000
-53,817
| -18% | -$1.31M |
|
|
INCE
1363
Franklin Income Equity Focus ETF
INCE
$133M
| $5.82M | ﹤0.01% |
113,318
+70,735
| +166% | +$3.49M |
|
1364
iShares Russell Top 200 ETF
IWL
$2.19B
| $5.82M | ﹤0.01% |
51,037
+4,241
| +9% | +$468K |
|
1365
Invesco Active US Real Estate Fund
PSR
$59.4M
| $5.81M | ﹤0.01% |
48,389
+2,262
| +5% | +$252K |
|
1366
Lamar Advertising Co
LAMR
$16.2B
| $5.79M | ﹤0.01% |
47,719
+1,537
| +3% | +$179K |
|
1367
First Trust Global Wind Energy ETF
FAN
$278M
| $5.79M | ﹤0.01% |
285,851
-40,963
| -13% | -$844K |
|
1368
Vanguard S&P Mid-Cap 400 Growth ETF
IVOG
$1.62B
| $5.78M | ﹤0.01% |
54,686
-8,142
| -13% | -$848K |
|
1369
EPAM Systems
EPAM
$5.51B
| $5.77M | ﹤0.01% |
8,629
+355
| +4% | +$228K |
|
1370
Compass Diversified
CODI
$758M
| $5.76M | ﹤0.01% |
188,392
-2,264
| -1% | -$68.6K |
|
1371
iShares MSCI Germany ETF
EWG
$1.59B
| $5.75M | ﹤0.01% |
175,561
-210,251
| -54% | -$6.98M |
|
|
JHMI
1372
DELISTED
John Hancock Multifactor Industrials ETF
JHMI
| $5.74M | ﹤0.01% |
102,580
+8,252
| +9% | +$448K |
|
1373
Yum China
YUMC
$16.5B
| $5.73M | ﹤0.01% |
114,912
-175
| -0.2% | -$9.49K |
|
1374
First Trust Exchange-Traded Fund VI First Trust Bloomberg Shareholder Yield ETF
SHRY
$16M
| $5.73M | ﹤0.01% |
162,126
+20,530
| +14% | +$696K |
|
1375
Vanguard US Value Factor ETF
VFVA
$895M
| $5.71M | ﹤0.01% |
54,348
+2,893
| +6% | +$300K |
|
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.