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 |
Invesco QQQ Trust
QQQ
|
+$205M |
| 2 |
iShares Core S&P 500 ETF
IVV
|
+$199M |
| 3 |
First Trust Rising Dividend Achievers ETF
RDVY
|
+$180M |
| 4 |
iShares TIPS Bond ETF
TIP
|
+$140M |
| 5 |
iShares Core S&P Small-Cap ETF
IJR
|
+$121M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
iShares 1-5 Year Investment Grade Corporate Bond ETF
IGSB
|
+$134M |
| 2 |
iShares Core US Aggregate Bond ETF
AGG
|
+$64.2M |
| 3 |
Vanguard Total Stock Market ETF
VTI
|
+$47.3M |
| 4 |
iShares Global Tech ETF
IXN
|
+$43.6M |
| 5 |
State Street SPDR Portfolio Intermediate Term Corporate Bond ETF
SPIB
|
+$43.4M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 6.8% |
| 2 | Consumer Discretionary | 3.12% |
| 3 | Financials | 3.04% |
| 4 | Healthcare | 2.77% |
| 5 | Communication Services | 2.23% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
151
iShares 7-10 Year Treasury Bond ETF
IEF
$47.4B
| $148M | 0.12% |
1,290,813
+330,842
| +34% | +$38M |
|
152
Schwab US Large-Cap Growth ETF
SCHG
$59.1B
| $148M | 0.12% |
7,240,272
+411,160
| +6% | +$8.22M |
|
153
Vanguard Mid-Cap Growth ETF
VOT
$19.1B
| $148M | 0.12% |
581,275
+24,438
| +4% | +$6.16M |
|
154
iShares Russell 3000 ETF
IWV
$19.5B
| $142M | 0.12% |
512,254
+17,529
| +4% | +$4.75M |
|
155
Starbucks
SBUX
$118B
| $142M | 0.12% |
1,209,712
+46,124
| +4% | +$5.2M |
|
156
Vanguard Total International Stock ETF
VXUS
$153B
| $141M | 0.12% |
2,223,099
+73,412
| +3% | +$4.72M |
|
157
WisdomTree Emerging Markets ex-State-Owned Enterprises Fund
XSOE
$1.97B
| $140M | 0.12% |
3,803,552
+162,006
| +4% | +$6.09M |
|
158
Dimensional World ex US Core Equity 2 ETF
DFAX
$11.7B
| $140M | 0.12% |
5,354,596
+1,121,706
| +26% | +$29.3M |
|
159
First Trust Enhanced Short Maturity ETF
FTSM
$6.51B
| $139M | 0.12% |
2,330,835
-188,646
| -7% | -$11.3M |
|
160
United Parcel Service
UPS
$89.7B
| $139M | 0.12% |
648,624
+46,114
| +8% | +$9.38M |
|
161
Invesco S&P 500 Quality ETF
SPHQ
$19.3B
| $139M | 0.12% |
2,606,656
+401,759
| +18% | +$20.7M |
|
162
First Trust Dorsey Wright Focus 5 ETF
FV
$3.62B
| $139M | 0.12% |
2,818,970
+48,566
| +2% | +$2.37M |
|
163
Vanguard Russell 1000 Growth ETF
VONG
$42.1B
| $138M | 0.12% |
1,757,551
+111,396
| +7% | +$8.49M |
|
164
iShares S&P Mid-Cap 400 Value ETF
IJJ
$8.93B
| $136M | 0.11% |
1,231,190
+148,255
| +14% | +$16.1M |
|
165
AT&T
T
$169B
| $134M | 0.11% |
7,186,013
-688,423
| -9% | -$12.9M |
|
166
Vanguard Small-Cap Growth ETF
VBK
$23.2B
| $133M | 0.11% |
472,831
+6,120
| +1% | +$1.76M |
|
167
CVS Health
CVS
$140B
| $133M | 0.11% |
1,289,914
+32,995
| +3% | +$3.05M |
|
168
Lowe's Companies
LOW
$122B
| $132M | 0.11% |
511,373
-42,181
| -8% | -$10M |
|
169
Lockheed Martin
LMT
$134B
| $132M | 0.11% |
371,376
+28,198
| +8% | +$9.75M |
|
170
iShares iBoxx $ High Yield Corporate Bond ETF
HYG
$15.9B
| $131M | 0.11% |
1,508,485
-91,957
| -6% | -$7.98M |
|
171
Qualcomm
QCOM
$172B
| $131M | 0.11% |
717,633
-52,824
| -7% | -$8.46M |
|
172
Caterpillar
CAT
$387B
| $131M | 0.11% |
631,226
+47,174
| +8% | +$9.5M |
|
|
HDV
173
iShares Core High Dividend ETF
HDV
$14.7B
| $130M | 0.11% |
6,435,600
-51,460
| -0.8% | -$1.01M |
|
174
iShares S&P Small-Cap 600 Value ETF
IJS
$8.2B
| $130M | 0.11% |
1,243,675
-363,334
| -23% | -$38.1M |
|
175
Vanguard Long-Term Bond ETF
BLV
$5.81B
| $129M | 0.11% |
1,253,132
+59,349
| +5% | +$6.13M |
|
Similar funds
LPL Financial's Q4 2021 Portfolio in Review
As of Q4 2021, LPL Financial held 4,559 positions worth $119B, up 12% from $106B the previous quarter. Its ten largest holdings account for 19% of the portfolio.
LPL Financial deployed $6.13B of net new capital in Q4 2021, opening 235 new positions and adding to 2,641 existing holdings. Its largest new stake was iShares MSCI South Africa ETF: 184,094 shares worth $8.54M.
By sector, the portfolio is most concentrated in Technology at 6.8% of assets, up from 6.3% a quarter earlier, followed by Consumer Discretionary and Financials.
On the sell side, the largest reduction was iShares 1-5 Year Investment Grade Corporate Bond ETF, an estimated $134M trimmed.
- LPL Financial's largest Q4 2021 buy was iShares MSCI South Africa ETF: 184,094 shares worth $8.54M.
- LPL Financial added most to Invesco QQQ Trust in Q4 2021, an estimated $205M increase.
- LPL Financial's biggest Q4 2021 reduction was iShares 1-5 Year Investment Grade Corporate Bond ETF, cutting an estimated $134M.
- LPL Financial fully exited iShares iBonds Dec 2021 Term Corporate ETF in Q4 2021, selling an estimated $25.2M.
- LPL Financial's ten largest holdings make up 19% of its $119B portfolio in Q4 2021.
- LPL Financial opened 235 new positions and closed 224 in Q4 2021.
- LPL Financial's portfolio value rose 12% quarter-over-quarter to $119B.
Based on LPL Financial's 13F filing for Q4 2021, filed 14 Feb 2022.