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 Universal USD Bond ETF
IUSB
|
+$403M |
| 2 |
Vanguard S&P 500 ETF
VOO
|
+$391M |
| 3 |
iShares MSCI EAFE Value ETF
EFV
|
+$313M |
| 4 |
Vanguard Morningstar Mid-Cap ETF
VO
|
+$175M |
| 5 |
iShares Core S&P Small-Cap ETF
IJR
|
+$147M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
iShares iBoxx $ Investment Grade Corporate Bond ETF
LQD
|
+$192M |
| 2 |
iShares MSCI USA Min Vol Factor ETF
USMV
|
+$156M |
| 3 |
Goldman Sachs ActiveBeta US Large Cap Equity ETF
GSLC
|
+$103M |
| 4 |
iShares 0-5 Year High Yield Corporate Bond ETF
SHYG
|
+$101M |
| 5 |
Invesco QQQ Trust
QQQ
|
+$90.5M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 5.97% |
| 2 | Consumer Discretionary | 3.1% |
| 3 | Financials | 3.03% |
| 4 | Healthcare | 2.68% |
| 5 | Communication Services | 2.41% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
CTRA
1926
DELISTED
Coterra Energy
CTRA
| $1.79M | ﹤0.01% |
95,147
-43,004
| -31% | -$792K |
|
|
CIZ
1927
DELISTED
VictoryShares Developed Enhanced Volatility Wtd ETF
CIZ
| $1.79M | ﹤0.01% |
54,944
-14,569
| -21% | -$469K |
|
1928
Pinduoduo
PDD
$127B
| $1.78M | ﹤0.01% |
13,303
+4,353
| +49% | +$735K |
|
1929
Thor Industries
THO
$4.07B
| $1.78M | ﹤0.01% |
13,219
+3,877
| +42% | +$470K |
|
1930
Schwab Fundamental International Large Company Index ETF
FNDF
$24.9B
| $1.78M | ﹤0.01% |
55,417
+10,903
| +24% | +$341K |
|
1931
TransDigm Group
TDG
$71.9B
| $1.78M | ﹤0.01% |
3,022
-763
| -20% | -$450K |
|
|
USCR
1932
DELISTED
U S Concrete, Inc.
USCR
| $1.78M | ﹤0.01% |
24,232
+15,813
| +188% | +$853K |
|
|
QQQH
1933
NEOS Nasdaq-100 Hedged Equity Income ETF
QQQH
$375M
| $1.77M | ﹤0.01% |
32,967
+29,289
| +796% | +$1.61M |
|
1934
Alexandria Real Estate Equities
ARE
$9.21B
| $1.77M | ﹤0.01% |
10,761
+3,527
| +49% | +$588K |
|
1935
MGIC Investment
MTG
$6.29B
| $1.76M | ﹤0.01% |
127,401
-4,791
| -4% | -$61.1K |
|
1936
Cohen & Steers Duration Preferred & Income Fund
LDP
$598M
| $1.76M | ﹤0.01% |
67,545
+2,005
| +3% | +$51.3K |
|
|
AY
1937
DELISTED
Atlantica Sustainable Infrastructure plc Ordinary Shares
AY
| $1.76M | ﹤0.01% |
48,015
+5,678
| +13% | +$223K |
|
|
JWN
1938
DELISTED
Nordstrom
JWN
| $1.75M | ﹤0.01% |
46,279
-7,453
| -14% | -$276K |
|
|
BRSP
1939
BrightSpire Capital
BRSP
$640M
| $1.75M | ﹤0.01% |
205,439
+21,048
| +11% | +$179K |
|
1940
Tandem Diabetes Care
TNDM
$1.39B
| $1.75M | ﹤0.01% |
19,810
-2,024
| -9% | -$188K |
|
1941
FlexShares High Yield Value-Scored Bond Index Fund
HYGV
$1.1B
| $1.75M | ﹤0.01% |
35,270
-14,841
| -30% | -$732K |
|
|
WCN
1942
Waste Connections
WCN
$42.1B
| $1.75M | ﹤0.01% |
16,181
+2,482
| +18% | +$252K |
|
1943
UGI
UGI
$7.8B
| $1.74M | ﹤0.01% |
42,503
-4,199
| -9% | -$162K |
|
|
BTO
1944
John Hancock Financial Opportunities Fund
BTO
$812M
| $1.74M | ﹤0.01% |
45,324
-1,716
| -4% | -$59.9K |
|
1945
Elastic
ESTC
$7.12B
| $1.74M | ﹤0.01% |
15,647
+5,601
| +56% | +$796K |
|
1946
Hyatt Hotels
H
$16.4B
| $1.74M | ﹤0.01% |
21,027
+1,148
| +6% | +$90.3K |
|
1947
HDFC Bank
HDB
$124B
| $1.74M | ﹤0.01% |
44,738
+2,150
| +5% | +$84.3K |
|
1948
GrowGeneration
GRWG
$88.9M
| $1.74M | ﹤0.01% |
34,934
+14,715
| +73% | +$734K |
|
1949
iShares Global Utilities ETF
JXI
$313M
| $1.74M | ﹤0.01% |
28,672
+2,048
| +8% | +$121K |
|
1950
Saratoga Investment
SAR
$316M
| $1.74M | ﹤0.01% |
68,504
+8,304
| +14% | +$192K |
|
Similar funds
LPL Financial's Q1 2021 Portfolio in Review
As of Q1 2021, LPL Financial held 4,220 positions worth $87B, up 13% from $77.2B the previous quarter. Its ten largest holdings account for 19% of the portfolio.
LPL Financial deployed $6.64B of net new capital in Q1 2021, opening 412 new positions and adding to 2,444 existing holdings. Its largest new stake was Invesco NASDAQ 100 ETF: 270,313 shares worth $35.5M.
By sector, the portfolio is most concentrated in Technology at 6% of assets, down from 6.5% a quarter earlier, followed by Consumer Discretionary and Financials.
On the sell side, the largest reduction was iShares iBoxx $ Investment Grade Corporate Bond ETF, an estimated $192M trimmed.
- LPL Financial's largest Q1 2021 buy was Invesco NASDAQ 100 ETF: 270,313 shares worth $35.5M.
- LPL Financial added most to iShares Core Universal USD Bond ETF in Q1 2021, an estimated $403M increase.
- LPL Financial's biggest Q1 2021 reduction was iShares iBoxx $ Investment Grade Corporate Bond ETF, cutting an estimated $192M.
- LPL Financial fully exited SPDR MFS Systematic Growth Equity ETF of SSgA Active Trust in Q1 2021, selling an estimated $3.61M.
- LPL Financial's ten largest holdings make up 19% of its $87B portfolio in Q1 2021.
- LPL Financial opened 412 new positions and closed 149 in Q1 2021.
- LPL Financial's portfolio value rose 13% quarter-over-quarter to $87B.
Based on LPL Financial's 13F filing for Q1 2021, filed 14 May 2021.