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 | |
|---|---|---|---|---|---|---|
1926
NetApp
NTAP
$35B
| $1.41M | ﹤0.01% |
21,275
-9,117
| -30% | -$482K |
|
1927
iPath Bloomberg Commodity Index Total Return ETN due 12 June 2036
DJP
$788M
| $1.41M | ﹤0.01% |
64,283
-9,857
| -13% | -$203K |
|
|
WCN
1928
Waste Connections
WCN
$42.2B
| $1.41M | ﹤0.01% |
13,699
-2,291
| -14% | -$237K |
|
1929
Southern Copper
SCCO
$143B
| $1.4M | ﹤0.01% |
23,248
-1,585
| -6% | -$81.6K |
|
1930
Brookfield Renewable
BEP
$9.97B
| $1.4M | ﹤0.01% |
32,445
+18,196
| +128% | +$697K |
|
|
MCI
1931
Barings Corporate Investors
MCI
$340M
| $1.4M | ﹤0.01% |
106,156
+94,067
| +778% | +$1.2M |
|
1932
Nice
NICE
$5.79B
| $1.4M | ﹤0.01% |
4,924
-5,861
| -54% | -$1.43M |
|
1933
Global X Copper Miners ETF NEW
COPX
$7.36B
| $1.39M | ﹤0.01% |
45,887
+20,955
| +84% | +$524K |
|
|
ACC
1934
DELISTED
American Campus Communities, Inc.
ACC
| $1.39M | ﹤0.01% |
32,561
+10,929
| +51% | +$436K |
|
1935
LKQ Corp
LKQ
$5.68B
| $1.39M | ﹤0.01% |
39,497
+18,350
| +87% | +$628K |
|
|
RTL
1936
DELISTED
The Necessity Retail REIT, Inc. Class A Common Stock
RTL
| $1.39M | ﹤0.01% |
187,379
+351
| +0.2% | +$2.47K |
|
1937
GoodRx Holdings
GDRX
$1.04B
| $1.39M | ﹤0.01% |
34,449
+28,450
| +474% | +$1.31M |
|
|
BRSP
1938
BrightSpire Capital
BRSP
$634M
| $1.38M | ﹤0.01% |
184,391
-28,209
| -13% | -$183K |
|
1939
State Street SPDR S&P Kensho Clean Power ETF
CNRG
$205M
| $1.38M | ﹤0.01% |
+12,739
| New | +$1.13M |
|
1940
Wintrust Financial
WTFC
$10.8B
| $1.38M | ﹤0.01% |
22,546
+932
| +4% | +$50.1K |
|
1941
New Mountain Finance
NMFC
$651M
| $1.37M | ﹤0.01% |
120,756
-139,879
| -54% | -$1.5M |
|
|
Y
1942
DELISTED
Alleghany Corp
Y
| $1.37M | ﹤0.01% |
2,273
+133
| +6% | +$77.6K |
|
1943
Boston Properties
BXP
$11.2B
| $1.37M | ﹤0.01% |
14,486
+3,426
| +31% | +$306K |
|
1944
Cameco
CCJ
$37.6B
| $1.37M | ﹤0.01% |
102,096
+4,414
| +5% | +$47.1K |
|
1945
BlackRock MuniYield Quality Fund III
MYI
$709M
| $1.37M | ﹤0.01% |
94,647
+1,065
| +1% | +$14.7K |
|
|
DHY
1946
Credit Suisse High Yield Credit Fund
DHY
$242M
| $1.36M | ﹤0.01% |
597,480
+11,000
| +2% | +$24.4K |
|
1947
Cullen/Frost Bankers
CFR
$10.3B
| $1.36M | ﹤0.01% |
15,580
+5,324
| +52% | +$419K |
|
1948
Lear
LEA
$6.54B
| $1.36M | ﹤0.01% |
8,539
+644
| +8% | +$90.6K |
|
1949
Mid-America Apartment Communities
MAA
$15.4B
| $1.36M | ﹤0.01% |
10,710
+323
| +3% | +$39.9K |
|
1950
Pinnacle West Capital
PNW
$12.2B
| $1.36M | ﹤0.01% |
16,971
+3,032
| +22% | +$250K |
|
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.