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 | |
|---|---|---|---|---|---|---|
1551
Rambus
RMBS
$9.87B
| $3.1M | ﹤0.01% |
159,467
-7,775
| -5% | -$156K |
|
1552
Texas Pacific Land
TPL
$27.8B
| $3.1M | ﹤0.01% |
17,559
-4,212
| -19% | -$524K |
|
1553
Jacobs Solutions
J
$15.9B
| $3.09M | ﹤0.01% |
28,934
+3,390
| +13% | +$324K |
|
|
CAPD
1554
DELISTED
iPath Shiller CAPE ETN
CAPD
| $3.09M | ﹤0.01% |
161,160
+4,130
| +3% | +$76.2K |
|
1555
VanEck CEF Muni Income ETF
XMPT
$219M
| $3.08M | ﹤0.01% |
107,528
+26,421
| +33% | +$751K |
|
1556
Advanced Drainage Systems
WMS
$10.6B
| $3.08M | ﹤0.01% |
29,747
+25,139
| +546% | +$2.46M |
|
1557
Fidelity Value Factor ETF
FVAL
$1.3B
| $3.07M | ﹤0.01% |
68,495
+50,426
| +279% | +$2.15M |
|
1558
Dell
DELL
$262B
| $3.06M | ﹤0.01% |
68,589
-831
| -1% | -$34K |
|
|
ALXN
1559
DELISTED
Alexion Pharmaceuticals
ALXN
| $3.06M | ﹤0.01% |
20,034
-50,890
| -72% | -$7.87M |
|
|
XLNX
1560
DELISTED
Xilinx Inc
XLNX
| $3.06M | ﹤0.01% |
24,683
-1,067
| -4% | -$142K |
|
1561
WisdomTree Dynamic International Equity Fund
DDWM
$1.48B
| $3.05M | ﹤0.01% |
102,606
-11,478
| -10% | -$333K |
|
1562
Goodyear
GT
$2B
| $3.05M | ﹤0.01% |
173,596
+63,457
| +58% | +$919K |
|
1563
Steel Dynamics
STLD
$36B
| $3.05M | ﹤0.01% |
60,031
-740
| -1% | -$31.2K |
|
1564
Huntington Ingalls Industries
HII
$12.9B
| $3.05M | ﹤0.01% |
14,797
+2,132
| +17% | +$381K |
|
|
SOLN
1565
DELISTED
The Southern Company
SOLN
| $3.04M | ﹤0.01% |
59,445
+15,150
| +34% | +$761K |
|
1566
Fidelity National Financial
FNF
$13.9B
| $3.02M | ﹤0.01% |
77,334
+2,296
| +3% | +$87.2K |
|
1567
Hasbro
HAS
$13.2B
| $3.02M | ﹤0.01% |
31,369
-13,324
| -30% | -$1.26M |
|
1568
Columbia Multi-Sector Municipal Income ETF
MUST
$593M
| $3.02M | ﹤0.01% |
134,933
+22,281
| +20% | +$499K |
|
1569
iShares International Treasury Bond ETF
IGOV
$1.53B
| $3.01M | ﹤0.01% |
57,984
+12,071
| +26% | +$651K |
|
1570
Old Republic International
ORI
$10.5B
| $3.01M | ﹤0.01% |
137,752
+1,265
| +0.9% | +$25.3K |
|
1571
Hercules Capital
HTGC
$3.07B
| $3M | ﹤0.01% |
187,396
+22,736
| +14% | +$353K |
|
1572
Fortune Brands Innovations
FBIN
$5.88B
| $3M | ﹤0.01% |
36,668
+6,049
| +20% | +$458K |
|
|
CACG
1573
DELISTED
Legg Mason ETF Investment Trust ClearBridge All Cap Growth ESG ETF
CACG
| $3M | ﹤0.01% |
65,648
-3,076
| -4% | -$138K |
|
1574
Brown & Brown
BRO
$23.6B
| $2.99M | ﹤0.01% |
65,496
+7,386
| +13% | +$339K |
|
1575
American Century Diversified Corporate Bond ETF
KORP
$869M
| $2.98M | ﹤0.01% |
57,605
+3,733
| +7% | +$196K |
|
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.