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 | |
|---|---|---|---|---|---|---|
1901
Fidelity MSCI Energy Index ETF
FENY
$1.98B
| $1.45M | ﹤0.01% |
143,002
-13,585
| -9% | -$124K |
|
|
GGT
1902
Gabelli Multimedia Trust
GGT
$171M
| $1.45M | ﹤0.01% |
185,032
+24,869
| +16% | +$177K |
|
|
PETQ
1903
DELISTED
PetIQ, Inc. Class A Common Stock
PETQ
| $1.45M | ﹤0.01% |
37,749
+4,492
| +14% | +$139K |
|
1904
Hewlett Packard
HPE
$66.5B
| $1.45M | ﹤0.01% |
122,353
+42,002
| +52% | +$441K |
|
|
DM
1905
DELISTED
Desktop Metal, Inc.
DM
| $1.45M | ﹤0.01% |
8,428
+2,348
| +39% | +$311K |
|
1906
Allison Transmission
ALSN
$9.65B
| $1.45M | ﹤0.01% |
33,555
+3,720
| +12% | +$150K |
|
1907
UDR
UDR
$12.3B
| $1.45M | ﹤0.01% |
37,628
+627
| +2% | +$22.9K |
|
|
XWEB
1908
DELISTED
SPDR S&P Internet ETF
XWEB
| $1.44M | ﹤0.01% |
9,194
+5,846
| +175% | +$799K |
|
1909
First Trust Dorsey Wright Momentum & Low Volatility ETF
DVOL
$73.7M
| $1.44M | ﹤0.01% |
58,655
+5,302
| +10% | +$125K |
|
1910
Invesco Russell 1000 Equal Weight ETF
EQAL
$823M
| $1.44M | ﹤0.01% |
36,919
+2,708
| +8% | +$97.3K |
|
1911
Red Rock Resorts
RRR
$3.84B
| $1.44M | ﹤0.01% |
57,396
-1,970
| -3% | -$41.9K |
|
|
SHYF
1912
DELISTED
The Shyft Group
SHYF
| $1.44M | ﹤0.01% |
50,642
+845
| +2% | +$20.3K |
|
1913
Vanguard S&P Mid-Cap 400 Value ETF
IVOV
$1.35B
| $1.44M | ﹤0.01% |
21,806
+486
| +2% | +$29.6K |
|
1914
Harley-Davidson
HOG
$2.66B
| $1.43M | ﹤0.01% |
39,017
+4,591
| +13% | +$158K |
|
1915
Thomson Reuters
TRI
$42.8B
| $1.43M | ﹤0.01% |
16,592
+3,848
| +30% | +$330K |
|
|
MRO
1916
DELISTED
Marathon Oil Corporation
MRO
| $1.43M | ﹤0.01% |
214,511
+129
| +0.1% | +$693 |
|
|
BTO
1917
John Hancock Financial Opportunities Fund
BTO
$808M
| $1.43M | ﹤0.01% |
47,040
-3,510
| -7% | -$92K |
|
1918
BlackRock Multi-Sector Income Trust
BIT
$698M
| $1.43M | ﹤0.01% |
81,371
+13,720
| +20% | +$226K |
|
1919
ZTO Express
ZTO
$18.3B
| $1.43M | ﹤0.01% |
+48,952
| New | +$1.44M |
|
|
EWSC
1920
DELISTED
Invesco S&P SmallCap 600 Equal Weight ETF
EWSC
| $1.43M | ﹤0.01% |
22,103
+5,138
| +30% | +$292K |
|
|
MCR
1921
DELISTED
MFS Charter Income Trust
MCR
| $1.42M | ﹤0.01% |
161,988
+14,105
| +10% | +$118K |
|
1922
Seres Therapeutics
MCRB
$48.7M
| $1.42M | ﹤0.01% |
2,898
-57
| -2% | -$33.4K |
|
1923
Tanger
SKT
$4.68B
| $1.42M | ﹤0.01% |
142,094
+1,180
| +0.8% | +$9.97K |
|
1924
Invesco MSCI Global Timber ETF
CUT
$33.1M
| $1.41M | ﹤0.01% |
42,081
+22,929
| +120% | +$709K |
|
1925
Gen Digital
GEN
$16.9B
| $1.41M | ﹤0.01% |
67,798
-28,699
| -30% | -$580K |
|
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.