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 | |
|---|---|---|---|---|---|---|
1701
WisdomTree Trust WisdomTree US SmallCap Quality Dividend Growth Fund
DGRS
$412M
| $1.91M | ﹤0.01% |
48,275
+4,794
| +11% | +$172K |
|
|
LADR
1702
Ladder Capital
LADR
$1.23B
| $1.91M | ﹤0.01% |
195,167
+2,345
| +1% | +$19.9K |
|
|
RA
1703
Brookfield Real Assets Income Fund
RA
$709M
| $1.91M | ﹤0.01% |
107,053
+6,297
| +6% | +$108K |
|
1704
First Majestic Silver
AG
$7.74B
| $1.9M | ﹤0.01% |
141,269
+5,790
| +4% | +$63.7K |
|
1705
Citizens Financial Group
CFG
$30.7B
| $1.9M | ﹤0.01% |
53,090
+1,190
| +2% | +$37.3K |
|
1706
Cooper Companies
COO
$14.5B
| $1.9M | ﹤0.01% |
20,880
+2,012
| +11% | +$173K |
|
|
RNDM
1707
DELISTED
First Trust Developed International Equity Select ETF
RNDM
| $1.89M | ﹤0.01% |
36,103
+7,050
| +24% | +$351K |
|
1708
Equity Residential
EQR
$25.3B
| $1.89M | ﹤0.01% |
31,891
+22,438
| +237% | +$1.27M |
|
1709
BlackRock Municipal 2030 Target Term Trust
BTT
$1.43B
| $1.89M | ﹤0.01% |
73,413
+11,091
| +18% | +$278K |
|
1710
State Street SPDR S&P Telecom ETF
XTL
$583M
| $1.88M | ﹤0.01% |
22,213
-21,902
| -50% | -$1.67M |
|
1711
Universal Display
OLED
$3.67B
| $1.88M | ﹤0.01% |
8,170
-326
| -4% | -$69.7K |
|
1712
JetBlue
JBLU
$2.35B
| $1.88M | ﹤0.01% |
128,965
-8,618
| -6% | -$118K |
|
|
BBBY
1713
Bed Bath & Beyond
BBBY
$507M
| $1.87M | ﹤0.01% |
42,909
+17,305
| +68% | +$1.02M |
|
1714
Invesco Global Water ETF
PIO
$277M
| $1.87M | ﹤0.01% |
53,452
+17,119
| +47% | +$574K |
|
1715
Moelis & Co
MC
$5.08B
| $1.87M | ﹤0.01% |
39,897
+1,317
| +3% | +$53K |
|
1716
Purple Innovation
PRPL
$39.2M
| $1.86M | ﹤0.01% |
2,255
+213
| +10% | +$155K |
|
|
DWFI
1717
DELISTED
SPDR Dorsey Wright Fixed Income Allocation ETF
DWFI
| $1.85M | ﹤0.01% |
70,654
+7,144
| +11% | +$180K |
|
1718
Invesco Golden Dragon China ETF
PGJ
$99M
| $1.85M | ﹤0.01% |
29,031
+8,669
| +43% | +$499K |
|
1719
Pentair
PNR
$10.7B
| $1.85M | ﹤0.01% |
34,923
+12,573
| +56% | +$645K |
|
1720
Fidelity MSCI Industrials Index ETF
FIDU
$2.35B
| $1.85M | ﹤0.01% |
39,426
+3,845
| +11% | +$170K |
|
1721
Franklin Resources
BEN
$18.3B
| $1.85M | ﹤0.01% |
73,948
+17,671
| +31% | +$395K |
|
1722
Booz Allen Hamilton
BAH
$8.56B
| $1.84M | ﹤0.01% |
21,152
-1,888
| -8% | -$161K |
|
|
GWPH
1723
DELISTED
GW Pharmaceuticals Plc American Depositary Shares
GWPH
| $1.84M | ﹤0.01% |
15,937
+2,883
| +22% | +$323K |
|
1724
Pool Corp
POOL
$7.11B
| $1.84M | ﹤0.01% |
4,934
+523
| +12% | +$182K |
|
1725
Invesco S&P MidCap 400 Pure Value ETF
RFV
$335M
| $1.83M | ﹤0.01% |
24,776
+3,634
| +17% | +$238K |
|
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.