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 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 | |
|---|---|---|---|---|---|---|
151
Vanguard Short-Term Treasury ETF
VGSH
$29.3B
| $111M | 0.13% |
1,803,045
+117,415
| +7% | +$7.23M |
|
152
Lockheed Martin
LMT
$134B
| $110M | 0.13% |
298,181
-13,537
| -4% | -$4.64M |
|
153
PIMCO Enhanced Short Maturity Active Exchange-Traded Fund
MINT
$16.9B
| $110M | 0.13% |
1,080,960
-193,010
| -15% | -$19.7M |
|
154
Vanguard Total International Stock ETF
VXUS
$153B
| $109M | 0.13% |
1,736,534
+482,324
| +38% | +$30.3M |
|
155
iShares Fallen Angels USD Bond ETF
FALN
$1.63B
| $109M | 0.12% |
3,711,834
+3,555,283
| +2,271% | +$104M |
|
156
Vanguard Mid-Cap Growth ETF
VOT
$19.1B
| $108M | 0.12% |
505,523
+66,817
| +15% | +$14.5M |
|
157
JPMorgan Ultra-Short Income ETF
JPST
$40.1B
| $108M | 0.12% |
2,136,723
+36,823
| +2% | +$1.87M |
|
158
iShares Russell 3000 ETF
IWV
$19.5B
| $108M | 0.12% |
453,892
+74,340
| +20% | +$17.3M |
|
159
Vanguard Long-Term Bond ETF
BLV
$5.81B
| $107M | 0.12% |
1,094,856
+151,700
| +16% | +$15.6M |
|
160
State Street SPDR S&P 600 Small Cap Value ETF
SLYV
$4.94B
| $107M | 0.12% |
1,308,926
+640,940
| +96% | +$49.4M |
|
161
McDonald's
MCD
$194B
| $107M | 0.12% |
476,222
+25,689
| +6% | +$5.49M |
|
162
iShares Floating Rate Bond ETF
FLOT
$10.2B
| $106M | 0.12% |
2,086,126
+440,765
| +27% | +$22.4M |
|
163
State Street Utilities Select Sector SPDR ETF
XLU
$23.4B
| $106M | 0.12% |
3,308,138
-644,910
| -16% | -$20M |
|
164
Invesco Preferred ETF
PGX
$3.81B
| $104M | 0.12% |
6,959,442
+1,381,071
| +25% | +$20.5M |
|
165
Amgen
AMGN
$212B
| $102M | 0.12% |
409,891
+19,503
| +5% | +$4.65M |
|
166
iShares US Technology ETF
IYW
$23B
| $102M | 0.12% |
1,161,311
+9,506
| +0.8% | +$833K |
|
167
US Bancorp
USB
$100B
| $101M | 0.12% |
1,831,590
+141,976
| +8% | +$7.09M |
|
168
iShares Russell 1000 ETF
IWB
$47.9B
| $100M | 0.12% |
448,691
+433
| +0.1% | +$94.8K |
|
169
First Trust Cloud Computing ETF
SKYY
$2.82B
| $100M | 0.11% |
1,044,173
-62,849
| -6% | -$6.28M |
|
170
Schwab US Large-Cap Growth ETF
SCHG
$59.1B
| $99.5M | 0.11% |
6,134,712
+35,672
| +0.6% | +$580K |
|
171
ARK Genomic Revolution ETF
ARKG
$1.54B
| $98.6M | 0.11% |
1,111,109
+106,433
| +11% | +$10.6M |
|
172
State Street SPDR Portfolio Emerging Markets ETF
SPEM
$17B
| $98.4M | 0.11% |
2,248,594
-15,789
| -0.7% | -$706K |
|
173
iShares S&P Small-Cap 600 Growth ETF
IJT
$8.27B
| $96.9M | 0.11% |
755,841
+126,151
| +20% | +$16M |
|
174
United Parcel Service
UPS
$89.7B
| $96.2M | 0.11% |
565,779
-9,279
| -2% | -$1.5M |
|
175
Broadcom
AVGO
$1.81T
| $95.4M | 0.11% |
2,056,550
-74,120
| -3% | -$3.43M |
|
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.