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 | |
|---|---|---|---|---|---|---|
1526
WisdomTree International Equity Fund
DWM
$681M
| $2.51M | ﹤0.01% |
49,580
-5,674
| -10% | -$272K |
|
1527
Invesco S&P 500 Equal Weight Utilities ETF
RSPU
$543M
| $2.51M | ﹤0.01% |
50,182
-107,672
| -68% | -$5.42M |
|
1528
Ameriprise Financial
AMP
$48.8B
| $2.51M | ﹤0.01% |
12,905
+250
| +2% | +$44.7K |
|
1529
Shenandoah Telecom
SHEN
$697M
| $2.5M | ﹤0.01% |
57,905
-3,755
| -6% | -$169K |
|
1530
Manulife Financial
MFC
$74.3B
| $2.49M | ﹤0.01% |
139,858
+34,084
| +32% | +$544K |
|
1531
Lincoln National
LNC
$8.84B
| $2.48M | ﹤0.01% |
49,354
+14,128
| +40% | +$601K |
|
1532
Insulet
PODD
$11.8B
| $2.48M | ﹤0.01% |
9,700
-240
| -2% | -$59.5K |
|
1533
Invesco Biotechnology & Genome ETF
PBE
$286M
| $2.48M | ﹤0.01% |
35,293
+1,712
| +5% | +$108K |
|
1534
VanEck International High Yield Bond ETF
IHY
$43.1M
| $2.47M | ﹤0.01% |
95,116
+3,155
| +3% | +$79.2K |
|
1535
RPAR Risk Parity ETF
RPAR
$569M
| $2.47M | ﹤0.01% |
103,646
+49,146
| +90% | +$1.12M |
|
|
ETG
1536
Eaton Vance Tax-Advantaged Global Dividend Income Fund
ETG
$1.81B
| $2.46M | ﹤0.01% |
134,938
+5,320
| +4% | +$87K |
|
1537
FlexShares High Yield Value-Scored Bond Index Fund
HYGV
$1.1B
| $2.46M | ﹤0.01% |
50,111
+8,550
| +21% | +$408K |
|
|
UMPQ
1538
DELISTED
Umpqua Holdings Corp
UMPQ
| $2.46M | ﹤0.01% |
162,141
+145,559
| +878% | +$1.99M |
|
1539
American States Water
AWR
$3.39B
| $2.45M | ﹤0.01% |
30,832
+4,720
| +18% | +$361K |
|
1540
VanEck Emerging Markets High Yield Bond ETF
HYEM
$521M
| $2.45M | ﹤0.01% |
102,465
-6,175
| -6% | -$143K |
|
1541
Invesco DB US Dollar Index Bearish Fund
UDN
$109M
| $2.45M | ﹤0.01% |
112,382
+27,446
| +32% | +$584K |
|
1542
Lamar Advertising Co
LAMR
$16.1B
| $2.44M | ﹤0.01% |
29,383
-1,170
| -4% | -$87.5K |
|
1543
Global X SuperDividend US ETF
DIV
$787M
| $2.44M | ﹤0.01% |
144,957
-7,921
| -5% | -$128K |
|
1544
Healthpeak Properties
DOC
$15.2B
| $2.44M | ﹤0.01% |
80,784
+6,125
| +8% | +$178K |
|
1545
iShares MSCI USA Equal Weighted ETF
EUSA
$1.84B
| $2.44M | ﹤0.01% |
33,789
+3,836
| +13% | +$258K |
|
|
AEPPL
1546
DELISTED
American Electric Power Company, Inc. Corporate Unit
AEPPL
| $2.44M | ﹤0.01% |
48,678
+8,884
| +22% | +$455K |
|
1547
Logitech
LOGI
$14.9B
| $2.44M | ﹤0.01% |
25,072
-1,940
| -7% | -$167K |
|
1548
Amdocs
DOX
$5.96B
| $2.43M | ﹤0.01% |
34,321
+14,525
| +73% | +$912K |
|
|
NBIS
1549
Nebius Group N.V.
NBIS
$51.5B
| $2.43M | ﹤0.01% |
34,889
+23,611
| +209% | +$1.51M |
|
1550
Crown Holdings
CCK
$13.1B
| $2.42M | ﹤0.01% |
24,201
+8,252
| +52% | +$758K |
|
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.