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 | |
|---|---|---|---|---|---|---|
|
CTRA
1601
DELISTED
Coterra Energy
CTRA
| $2.25M | ﹤0.01% |
138,151
+41,534
| +43% | +$730K |
|
|
EHI
1602
Western Asset Global High Income Fund
EHI
$175M
| $2.25M | ﹤0.01% |
224,906
+3,852
| +2% | +$38.6K |
|
1603
Fortune Brands Innovations
FBIN
$6.09B
| $2.24M | ﹤0.01% |
30,619
+2,703
| +10% | +$197K |
|
1604
NeoGenomics
NEO
$2.09B
| $2.24M | ﹤0.01% |
41,624
+5,611
| +16% | +$254K |
|
1605
Steel Dynamics
STLD
$36.2B
| $2.24M | ﹤0.01% |
60,771
-7,165
| -11% | -$249K |
|
1606
PennyMac Financial
PFSI
$3.97B
| $2.24M | ﹤0.01% |
34,138
+8,748
| +34% | +$520K |
|
1607
iShares Core MSCI International Developed Markets ETF
IDEV
$31.8B
| $2.24M | ﹤0.01% |
36,308
+12,741
| +54% | +$737K |
|
1608
JPMorgan Diversified Return US Mid Cap Equity ETF
JPME
$467M
| $2.23M | ﹤0.01% |
29,615
+151
| +0.5% | +$10.6K |
|
1609
MarketAxess Holdings
MKTX
$5.71B
| $2.22M | ﹤0.01% |
3,896
-668
| -15% | -$364K |
|
1610
STAAR Surgical
STAA
$1.21B
| $2.22M | ﹤0.01% |
28,022
+1,264
| +5% | +$92.5K |
|
1611
BlackRock Enhanced Global Dividend Trust
BOE
$679M
| $2.22M | ﹤0.01% |
203,294
+10,590
| +5% | +$108K |
|
1612
Airbnb
ABNB
$89.8B
| $2.22M | ﹤0.01% |
+15,095
| New | +$2.23M |
|
1613
Dolby
DLB
$5.59B
| $2.21M | ﹤0.01% |
22,809
+1,046
| +5% | +$86.4K |
|
|
SFIX
1614
Stitch Fix
SFIX
$551M
| $2.21M | ﹤0.01% |
37,717
-11,754
| -24% | -$503K |
|
1615
Acadia Pharmaceuticals
ACAD
$4.41B
| $2.21M | ﹤0.01% |
41,401
+4,167
| +11% | +$207K |
|
1616
Day Hagan/Ned Davis Research Smart Sector ETF
SSUS
$570M
| $2.21M | ﹤0.01% |
75,626
+44,682
| +144% | +$1.24M |
|
|
AVK
1617
Advent Convertible and Income Fund
AVK
$556M
| $2.2M | ﹤0.01% |
137,040
+20,660
| +18% | +$304K |
|
|
BSMP
1618
DELISTED
Invesco BulletShares 2025 Municipal Bond ETF
BSMP
| $2.2M | ﹤0.01% |
84,824
+17,479
| +26% | +$452K |
|
1619
Global X E-commerce ETF
EBIZ
$28.9M
| $2.2M | ﹤0.01% |
69,190
+33,743
| +95% | +$1M |
|
1620
Wayfair
W
$11.6B
| $2.2M | ﹤0.01% |
9,725
+1,426
| +17% | +$379K |
|
1621
Repligen
RGEN
$8.23B
| $2.19M | ﹤0.01% |
11,427
+4,307
| +60% | +$784K |
|
1622
UBS Group
UBS
$172B
| $2.18M | ﹤0.01% |
154,596
-8,108
| -5% | -$107K |
|
1623
Magna International
MGA
$18.6B
| $2.18M | ﹤0.01% |
30,826
-293
| -0.9% | -$17.3K |
|
|
MSD
1624
Morgan Stanley Emerging Markets Debt Fund
MSD
$147M
| $2.18M | ﹤0.01% |
235,658
+316
| +0.1% | +$2.79K |
|
|
CIZ
1625
DELISTED
VictoryShares Developed Enhanced Volatility Wtd ETF
CIZ
| $2.18M | ﹤0.01% |
69,513
-4,942
| -7% | -$146K |
|
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.