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 | |
|---|---|---|---|---|---|---|
|
NHS
1551
Neuberger High Yield Strategies Fund Inc
NHS
$251M
| $2.42M | ﹤0.01% |
206,848
+32,015
| +18% | +$364K |
|
1552
Fidelity Corporate Bond ETF
FCOR
$347M
| $2.42M | ﹤0.01% |
42,211
+8,892
| +27% | +$502K |
|
|
AUY
1553
DELISTED
Yamana Gold, Inc.
AUY
| $2.41M | ﹤0.01% |
422,337
+325,430
| +336% | +$1.83M |
|
1554
EPAM Systems
EPAM
$5.52B
| $2.41M | ﹤0.01% |
6,726
+2,304
| +52% | +$769K |
|
1555
JPMorgan Municipal ETF
JMUB
$8.41B
| $2.4M | ﹤0.01% |
43,653
+4,142
| +10% | +$226K |
|
1556
iShares Core MSCI Europe ETF
IEUR
$9B
| $2.4M | ﹤0.01% |
46,834
+636
| +1% | +$30.5K |
|
1557
Fidelity High Dividend ETF
FDVV
$10.2B
| $2.4M | ﹤0.01% |
74,791
-69,273
| -48% | -$2.07M |
|
1558
Fulgent Genetics
FLGT
$486M
| $2.4M | ﹤0.01% |
46,081
+20,196
| +78% | +$844K |
|
1559
Williams-Sonoma
WSM
$27.7B
| $2.39M | ﹤0.01% |
47,024
+1,578
| +3% | +$80.8K |
|
1560
Compass Diversified
CODI
$769M
| $2.39M | ﹤0.01% |
122,966
+17,322
| +16% | +$330K |
|
1561
Fidelity MSCI Financials Index ETF
FNCL
$2.4B
| $2.39M | ﹤0.01% |
56,663
-13,584
| -19% | -$519K |
|
1562
iShares MSCI New Zealand ETF
ENZL
$82.1M
| $2.38M | ﹤0.01% |
35,033
+15,455
| +79% | +$988K |
|
1563
ADT
ADT
$5.69B
| $2.38M | ﹤0.01% |
302,668
+287,609
| +1,910% | +$2.26M |
|
1564
Hercules Capital
HTGC
$3.13B
| $2.37M | ﹤0.01% |
164,660
+77,370
| +89% | +$985K |
|
|
PDT
1565
John Hancock Premium Dividend Fund
PDT
$636M
| $2.37M | ﹤0.01% |
167,435
+6,334
| +4% | +$85.6K |
|
|
ETO
1566
Eaton Vance Tax-Advantaged Global Dividend Opportunities Fund
ETO
$510M
| $2.37M | ﹤0.01% |
93,722
+9,460
| +11% | +$216K |
|
|
BLCN
1567
DELISTED
Siren ETF Trust Siren NexGen Economy ETF
BLCN
| $2.36M | ﹤0.01% |
57,894
+11,293
| +24% | +$417K |
|
1568
VanEck Rare Earth/Strategic Metals ETF
REMX
$1.94B
| $2.36M | ﹤0.01% |
35,844
-1,683
| -4% | -$83.8K |
|
1569
First Trust Managed Futures Strategy Fund
FMF
$246M
| $2.36M | ﹤0.01% |
52,062
+16,387
| +46% | +$722K |
|
1570
Intellia Therapeutics
NTLA
$1.5B
| $2.36M | ﹤0.01% |
43,307
+12,460
| +40% | +$452K |
|
1571
TransDigm Group
TDG
$71.7B
| $2.34M | ﹤0.01% |
3,785
+532
| +16% | +$293K |
|
1572
BlackRock Resources & Commodities Strategy Trust
BCX
$913M
| $2.34M | ﹤0.01% |
315,342
+3,805
| +1% | +$24.9K |
|
1573
iShares MSCI Switzerland ETF
EWL
$2.19B
| $2.33M | ﹤0.01% |
52,218
+14,742
| +39% | +$626K |
|
1574
iShares High Yield Systematic Bond ETF
HYDB
$1.59B
| $2.33M | ﹤0.01% |
45,450
+16,217
| +55% | +$812K |
|
1575
iShares US Telecommunications ETF
IYZ
$1.2B
| $2.33M | ﹤0.01% |
76,965
-11,469
| -13% | -$332K |
|
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.