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 | |
|---|---|---|---|---|---|---|
|
TRIL
1401
DELISTED
Trillium Therapeutics Inc.
TRIL
| $3.07M | ﹤0.01% |
208,805
+16,715
| +9% | +$241K |
|
1402
Newell Brands
NWL
$2.38B
| $3.07M | ﹤0.01% |
144,481
+39,312
| +37% | +$767K |
|
1403
Inspire Corporate Bond ETF
IBD
$481M
| $3.07M | ﹤0.01% |
115,303
+7,191
| +7% | +$190K |
|
1404
WisdomTree US AI Enhanced Value Fund
AIVL
$428M
| $3.06M | ﹤0.01% |
36,546
-3,602
| -9% | -$290K |
|
|
WBND
1405
DELISTED
Western Asset Total Return ETF
WBND
| $3.05M | ﹤0.01% |
30,793
+7,250
| +31% | +$726K |
|
1406
Best Buy
BBY
$18.2B
| $3.05M | ﹤0.01% |
30,529
+3,000
| +11% | +$336K |
|
1407
iShares Global REIT ETF
REET
$5.09B
| $3.04M | ﹤0.01% |
127,021
+6,651
| +6% | +$150K |
|
1408
Invesco S&P Global Water Index ETF
CGW
$1.05B
| $3.03M | ﹤0.01% |
64,754
+14,833
| +30% | +$663K |
|
|
CACG
1409
DELISTED
Legg Mason ETF Investment Trust ClearBridge All Cap Growth ESG ETF
CACG
| $3.03M | ﹤0.01% |
68,724
-4,607
| -6% | -$191K |
|
1410
Yeti Holdings
YETI
$3.71B
| $3.02M | ﹤0.01% |
44,117
+21,504
| +95% | +$1.27M |
|
1411
Teledyne Technologies
TDY
$30.4B
| $3.02M | ﹤0.01% |
7,705
-208
| -3% | -$74.6K |
|
1412
Commerce Bancshares
CBSH
$8.53B
| $3.01M | ﹤0.01% |
58,414
+32,940
| +129% | +$1.6M |
|
1413
Ionis Pharmaceuticals
IONS
$8.6B
| $3M | ﹤0.01% |
53,079
+3,222
| +6% | +$161K |
|
1414
Selective Insurance
SIGI
$5.65B
| $3M | ﹤0.01% |
44,783
-29
| -0.1% | -$1.74K |
|
1415
Teva Pharmaceuticals
TEVA
$40.8B
| $2.99M | ﹤0.01% |
310,012
+23,453
| +8% | +$225K |
|
1416
Pacer US Small Cap Cash Cows 100 ETF
CALF
$3.68B
| $2.98M | ﹤0.01% |
95,615
+45,772
| +92% | +$1.32M |
|
1417
iShares Europe ETF
IEV
$1.67B
| $2.98M | ﹤0.01% |
62,298
+32,179
| +107% | +$1.44M |
|
1418
BlackRock Corporate High Yield Fund
HYT
$1.36B
| $2.97M | ﹤0.01% |
259,919
+13,619
| +6% | +$153K |
|
1419
Celanese
CE
$4.9B
| $2.97M | ﹤0.01% |
22,834
+16,227
| +246% | +$2.02M |
|
1420
Lyft
LYFT
$6.02B
| $2.96M | ﹤0.01% |
60,329
+3,852
| +7% | +$140K |
|
1421
Nutanix
NTNX
$16B
| $2.96M | ﹤0.01% |
92,972
+397
| +0.4% | +$10.8K |
|
1422
IQ Candriam International Equity ETF
IQSI
$268M
| $2.96M | ﹤0.01% |
108,222
+73,316
| +210% | +$1.88M |
|
|
GRMN
1423
Garmin
GRMN
$56.7B
| $2.95M | ﹤0.01% |
24,618
+1,098
| +5% | +$122K |
|
|
SZNE
1424
DELISTED
Pacer CFRA-Stoval Equal Weight Seasonal Rotation ETF
SZNE
| $2.94M | ﹤0.01% |
92,560
+12,912
| +16% | +$383K |
|
1425
VanEck Agribusiness ETF
MOO
$972M
| $2.94M | ﹤0.01% |
37,719
+3,214
| +9% | +$233K |
|
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.