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 | |
|---|---|---|---|---|---|---|
1726
Macerich
MAC
$7.34B
| $1.82M | ﹤0.01% |
170,208
+104,388
| +159% | +$948K |
|
1727
Invesco FTSE RAFI Developed Markets ex-US ETF
PXF
$2.9B
| $1.81M | ﹤0.01% |
42,690
+537
| +1% | +$21K |
|
1728
Revvity
RVTY
$12.9B
| $1.81M | ﹤0.01% |
12,597
+1,004
| +9% | +$134K |
|
1729
Fidelity MSCI Real Estate Index ETF
FREL
$1.5B
| $1.81M | ﹤0.01% |
71,163
+5,881
| +9% | +$145K |
|
1730
LeaderShares AlphaFactor US Core Equity ETF
LSAF
$125M
| $1.8M | ﹤0.01% |
62,985
-21,766
| -26% | -$587K |
|
|
NFJ
1731
Virtus Dividend, Interest & Premium Strategy Fund
NFJ
$1.42B
| $1.8M | ﹤0.01% |
133,651
-29,391
| -18% | -$370K |
|
|
CS
1732
DELISTED
Credit Suisse Group
CS
| $1.8M | ﹤0.01% |
140,570
+126,218
| +879% | +$1.46M |
|
1733
Invesco S&P SmallCap Information Technology ETF
PSCT
$510M
| $1.8M | ﹤0.01% |
44,031
-1,086
| -2% | -$37.8K |
|
|
CMD
1734
DELISTED
Cantel Medical Corporation
CMD
| $1.8M | ﹤0.01% |
22,803
+4,788
| +27% | +$281K |
|
|
NS
1735
DELISTED
NuStar Energy L.P.
NS
| $1.79M | ﹤0.01% |
124,597
-1,186
| -0.9% | -$15.2K |
|
1736
Strategy Inc
MSTR
$34.7B
| $1.79M | ﹤0.01% |
+46,170
| New | +$1.08M |
|
|
BKN
1737
DELISTED
BlackRock Investment Quality Municipal Trust
BKN
| $1.79M | ﹤0.01% |
104,345
+2,507
| +2% | +$41.7K |
|
1738
Nuveen Municipal High Income Opportunity Fund
NMZ
$2.19B
| $1.79M | ﹤0.01% |
123,888
-3,866
| -3% | -$52.8K |
|
1739
Fair Isaac
FICO
$22.6B
| $1.78M | ﹤0.01% |
3,488
-1,006
| -22% | -$468K |
|
1740
Innovator US Equity Power Buffer ETF April
PAPR
$956M
| $1.78M | ﹤0.01% |
65,336
-6,068
| -8% | -$164K |
|
1741
iShares Global Materials ETF
MXI
$341M
| $1.78M | ﹤0.01% |
21,871
+33
| +0.2% | +$2.48K |
|
1742
iShares MSCI Emerging Markets ex China ETF
EMXC
$23.6B
| $1.78M | ﹤0.01% |
31,309
+24,760
| +378% | +$1.27M |
|
|
CIM
1743
Chimera Investment
CIM
$1.06B
| $1.78M | ﹤0.01% |
57,851
-9,830
| -15% | -$285K |
|
1744
VanEck Merk Gold Trust
OUNZ
$2.51B
| $1.78M | ﹤0.01% |
95,991
+26,309
| +38% | +$481K |
|
1745
Textron
TXT
$14.9B
| $1.77M | ﹤0.01% |
36,702
-894
| -2% | -$37.6K |
|
1746
Natera
NTRA
$38.7B
| $1.77M | ﹤0.01% |
17,819
+6,170
| +53% | +$515K |
|
1747
Lithia Motors
LAD
$8.31B
| $1.77M | ﹤0.01% |
6,047
+3,217
| +114% | +$880K |
|
1748
Under Armour
UAA
$2.89B
| $1.77M | ﹤0.01% |
103,065
+54,768
| +113% | +$837K |
|
1749
First Trust Dividend Strength ETF
FTDS
$38.9M
| $1.77M | ﹤0.01% |
43,465
+14,753
| +51% | +$551K |
|
1750
Inseego
INSG
$120M
| $1.76M | ﹤0.01% |
11,410
-3,631
| -24% | -$401K |
|
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.