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 | |
|---|---|---|---|---|---|---|
1376
Apollo Global Management
APO
$72.4B
| $3.99M | ﹤0.01% |
84,788
+5,533
| +7% | +$269K |
|
1377
BlackRock Core Bond Trust
BHK
$643M
| $3.98M | ﹤0.01% |
253,304
+36,784
| +17% | +$584K |
|
1378
Invesco 0-5 Yr US TIPS ETF
PBTP
$106M
| $3.98M | ﹤0.01% |
151,901
+85,672
| +129% | +$2.23M |
|
1379
Nuveen NASDAQ 100 Dynamic Overwrite Fund
QQQX
$1.44B
| $3.97M | ﹤0.01% |
146,227
-4,449
| -3% | -$119K |
|
1380
State Street Multi-Asset Real Return ETF
RLY
$1.26B
| $3.97M | ﹤0.01% |
+149,077
| New | +$3.89M |
|
1381
Innovator US Equity Buffer ETF April
BAPR
$407M
| $3.97M | ﹤0.01% |
132,147
-21,924
| -14% | -$655K |
|
1382
Invesco S&P 500 Equal Weight Financials ETF
RSPF
$306M
| $3.97M | ﹤0.01% |
71,132
+36,794
| +107% | +$1.94M |
|
1383
Match Group
MTCH
$9.19B
| $3.97M | ﹤0.01% |
28,891
-4,249
| -13% | -$639K |
|
1384
Invesco International Dividend Achievers ETF
PID
$926M
| $3.97M | ﹤0.01% |
237,801
+15,043
| +7% | +$246K |
|
1385
Agilent Technologies
A
$39.1B
| $3.96M | ﹤0.01% |
31,178
-914
| -3% | -$113K |
|
1386
VanEck Retail ETF
RTH
$258M
| $3.93M | ﹤0.01% |
23,814
-3,276
| -12% | -$524K |
|
|
GRMN
1387
Garmin
GRMN
$56.7B
| $3.92M | ﹤0.01% |
29,726
+5,108
| +21% | +$636K |
|
1388
Janus Henderson Small/Mid Cap Growth Alpha ETF
JSMD
$1.05B
| $3.92M | ﹤0.01% |
58,402
-3,740
| -6% | -$249K |
|
1389
State Street SPDR MSCI USA Gender Diversity ETF
SHE
$325M
| $3.92M | ﹤0.01% |
41,280
+5,329
| +15% | +$496K |
|
1390
Atmos Energy
ATO
$28.8B
| $3.91M | ﹤0.01% |
39,567
+9,634
| +32% | +$877K |
|
1391
Commerce Bancshares
CBSH
$8.53B
| $3.91M | ﹤0.01% |
65,074
+6,660
| +11% | +$384K |
|
1392
HubSpot
HUBS
$12.2B
| $3.9M | ﹤0.01% |
8,591
-491
| -5% | -$216K |
|
1393
WisdomTree Trust WisdomTree Interest Rate Hedged US Aggregate Bond Fund
AGZD
$131M
| $3.89M | ﹤0.01% |
+165,664
| New | +$3.91M |
|
1394
New Jersey Resources
NJR
$5.84B
| $3.89M | ﹤0.01% |
97,583
+6,686
| +7% | +$255K |
|
1395
Novavax
NVAX
$1.2B
| $3.87M | ﹤0.01% |
21,361
-9,295
| -30% | -$1.85M |
|
1396
Davis Select Financial ETF
DFNL
$460M
| $3.87M | ﹤0.01% |
137,970
+2,420
| +2% | +$63.5K |
|
1397
Entergy
ETR
$50.2B
| $3.87M | ﹤0.01% |
77,778
-2,098
| -3% | -$99.1K |
|
1398
Global Payments
GPN
$23B
| $3.86M | ﹤0.01% |
19,161
-4,717
| -20% | -$940K |
|
1399
State Street SPDR S&P Global Natural Resources ETF
GNR
$4.79B
| $3.84M | ﹤0.01% |
76,380
+47,998
| +169% | +$2.36M |
|
1400
VanEck Low Carbon Energy ETF
SMOG
$129M
| $3.84M | ﹤0.01% |
24,421
+3,220
| +15% | +$552K |
|
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.