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 | |
|---|---|---|---|---|---|---|
1851
iShares Self-Driving EV and Tech ETF
IDRV
$133M
| $1.56M | ﹤0.01% |
36,126
+25,281
| +233% | +$967K |
|
|
CIL
1852
DELISTED
VictoryShares International Volatility Wtd ETF
CIL
| $1.56M | ﹤0.01% |
37,618
+1,670
| +5% | +$65.4K |
|
1853
FlexShares STOXX Global Broad Infrastructure Index Fund
NFRA
$3.01B
| $1.55M | ﹤0.01% |
28,895
+14,426
| +100% | +$753K |
|
|
PGP
1854
PIMCO Global StockPLUS & Income Fund
PGP
$99.8M
| $1.55M | ﹤0.01% |
153,950
-11,200
| -7% | -$101K |
|
1855
National Fuel Gas
NFG
$7.87B
| $1.54M | ﹤0.01% |
37,518
-3,133
| -8% | -$130K |
|
1856
Sprott Gold Miners ETF
SGDM
$558M
| $1.54M | ﹤0.01% |
50,501
+560
| +1% | +$17.8K |
|
1857
HDFC Bank
HDB
$124B
| $1.54M | ﹤0.01% |
42,588
+1,948
| +5% | +$62.1K |
|
1858
Stratasys
SSYS
$706M
| $1.54M | ﹤0.01% |
74,258
+22,741
| +44% | +$365K |
|
1859
Community Bank
CBU
$3.5B
| $1.54M | ﹤0.01% |
24,677
+1,048
| +4% | +$64.3K |
|
1860
HealthEquity
HQY
$8.72B
| $1.54M | ﹤0.01% |
22,069
+299
| +1% | +$18.6K |
|
|
ARI
1861
Apollo Commercial Real Estate
ARI
$892M
| $1.54M | ﹤0.01% |
137,629
-47,225
| -26% | -$484K |
|
1862
Keurig Dr Pepper
KDP
$42.1B
| $1.54M | ﹤0.01% |
48,012
+3,087
| +7% | +$91.4K |
|
1863
Upland Software
UPLD
$13.1M
| $1.54M | ﹤0.01% |
3,348
+521
| +18% | +$229K |
|
1864
Schwab Fundamental US Large Company Index ETF
FNDX
$27B
| $1.53M | ﹤0.01% |
101,691
-5,277
| -5% | -$74.4K |
|
|
ATCO
1865
DELISTED
Atlas Corp.
ATCO
| $1.53M | ﹤0.01% |
141,590
-4,356
| -3% | -$44.8K |
|
1866
Leidos
LDOS
$14.9B
| $1.53M | ﹤0.01% |
14,582
+945
| +7% | +$90.6K |
|
|
AMRN
1867
Amarin Corp
AMRN
$297M
| $1.53M | ﹤0.01% |
15,641
+4,178
| +36% | +$403K |
|
1868
Invesco S&P SmallCap 600 Pure Value ETF
RZV
$301M
| $1.53M | ﹤0.01% |
23,003
+5,464
| +31% | +$330K |
|
1869
ALPS Disruptive Technologies ETF
DTEC
$73.6M
| $1.52M | ﹤0.01% |
32,943
+1,664
| +5% | +$69.7K |
|
1870
Allegion
ALLE
$13.7B
| $1.52M | ﹤0.01% |
13,064
-73
| -0.6% | -$7.94K |
|
|
IGD
1871
Voya Global Equity Dividend and Premium Opportunity Fund
IGD
$516M
| $1.52M | ﹤0.01% |
290,978
-97,319
| -25% | -$491K |
|
1872
Global X S&P 500 Catholic Values ETF
CATH
$1.31B
| $1.51M | ﹤0.01% |
32,793
+2,058
| +7% | +$90.4K |
|
|
KL
1873
DELISTED
Kirkland Lake Gold Ltd Ordinary
KL
| $1.51M | ﹤0.01% |
36,687
-2,633
| -7% | -$117K |
|
1874
PIMCO Enhanced Short Maturity Active ESG ETF
EMNT
$211M
| $1.51M | ﹤0.01% |
15,004
+8,418
| +128% | +$849K |
|
|
PDM
1875
Piedmont Realty Trust
PDM
$1.24B
| $1.51M | ﹤0.01% |
93,127
+1,568
| +2% | +$23.1K |
|
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.