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 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 | |
|---|---|---|---|---|---|---|
126
WisdomTree Trust WisdomTree US Quality Dividend Growth Fund
DGRW
$16.7B
| $182M | 0.15% |
2,767,429
+125,019
| +5% | +$7.85M |
|
127
Vanguard Mega Cap Growth ETF
MGK
$31.8B
| $182M | 0.15% |
3,480,980
+20,325
| +0.6% | +$1.03M |
|
128
ExxonMobil
XOM
$634B
| $181M | 0.15% |
2,965,564
+186,163
| +7% | +$11.6M |
|
129
Vanguard Mortgage-Backed Securities ETF
VMBS
$15.5B
| $179M | 0.15% |
3,382,903
+156,234
| +5% | +$8.28M |
|
130
Salesforce
CRM
$149B
| $178M | 0.15% |
701,977
+44,194
| +7% | +$12.4M |
|
131
iShares US Technology ETF
IYW
$23B
| $178M | 0.15% |
1,548,948
+109,561
| +8% | +$12.2M |
|
132
Bank of America
BAC
$439B
| $178M | 0.15% |
3,993,522
+386,778
| +11% | +$17.6M |
|
133
Invesco S&P 500 Low Volatility ETF
SPLV
$7.28B
| $176M | 0.15% |
2,568,762
+301,204
| +13% | +$19.4M |
|
134
VanEck Morningstar Wide Moat ETF
MOAT
$11.9B
| $171M | 0.14% |
2,249,963
+213,677
| +10% | +$16.2M |
|
135
Broadcom
AVGO
$1.81T
| $171M | 0.14% |
2,566,030
+85,700
| +3% | +$4.82M |
|
136
State Street Utilities Select Sector SPDR ETF
XLU
$23.4B
| $170M | 0.14% |
4,753,328
+691,432
| +17% | +$23.3M |
|
137
iShares Floating Rate Bond ETF
FLOT
$10.2B
| $168M | 0.14% |
3,308,115
+321,697
| +11% | +$16.3M |
|
138
State Street SPDR Portfolio Emerging Markets ETF
SPEM
$17B
| $165M | 0.14% |
3,970,676
+611,693
| +18% | +$26.2M |
|
139
PepsiCo
PEP
$195B
| $164M | 0.14% |
941,724
-12,362
| -1% | -$2.02M |
|
140
Vanguard Small-Cap Value ETF
VBR
$37.7B
| $160M | 0.13% |
893,410
+10,408
| +1% | +$1.85M |
|
141
iShares Russell Mid-Cap ETF
IWR
$56.5B
| $160M | 0.13% |
1,923,376
+109,054
| +6% | +$8.95M |
|
142
State Street Consumer Staples Select Sector SPDR ETF
XLP
$14.6B
| $159M | 0.13% |
2,059,259
+342,305
| +20% | +$24.8M |
|
143
McDonald's
MCD
$194B
| $157M | 0.13% |
584,377
+18,436
| +3% | +$4.65M |
|
144
Vanguard Health Care ETF
VHT
$18.6B
| $156M | 0.13% |
587,019
+26,653
| +5% | +$6.8M |
|
145
Boeing
BA
$175B
| $156M | 0.13% |
776,163
+3,550
| +0.5% | +$750K |
|
146
State Street Blackstone Senior Loan ETF
SRLN
$5.3B
| $156M | 0.13% |
3,422,118
+1,126,716
| +49% | +$51.5M |
|
147
Invesco NASDAQ 100 ETF
QQQM
$94.9B
| $155M | 0.13% |
946,231
+115,161
| +14% | +$18.3M |
|
148
PayPal
PYPL
$50.3B
| $154M | 0.13% |
818,970
+16,335
| +2% | +$3.53M |
|
149
Merck
MRK
$326B
| $152M | 0.13% |
1,989,805
+75,918
| +4% | +$6.05M |
|
150
iShares Select Dividend ETF
DVY
$24.1B
| $151M | 0.13% |
1,234,710
+30,148
| +3% | +$3.59M |
|
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.