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 | |
|---|---|---|---|---|---|---|
1951
AAM S&P 500 High Dividend Value ETF
SPDV
$104M
| $1.35M | ﹤0.01% |
54,910
-1,410
| -3% | -$32.9K |
|
|
GTM
1952
ZoomInfo Technologies
GTM
$1.05B
| $1.35M | ﹤0.01% |
+28,060
| New | +$1.21M |
|
|
MNR
1953
DELISTED
Monmouth Real Estate Investment Corp
MNR
| $1.35M | ﹤0.01% |
78,047
+25,619
| +49% | +$387K |
|
1954
State Street SPDR S&P China ETF
GXC
$476M
| $1.35M | ﹤0.01% |
10,368
-6,752
| -39% | -$857K |
|
1955
First Trust Exchange-Traded Fund VI First Trust S-Network E-Commerce ETF
ISHP
$5.43M
| $1.35M | ﹤0.01% |
47,922
+32,777
| +216% | +$909K |
|
|
NUVA
1956
DELISTED
NuVasive, Inc.
NUVA
| $1.35M | ﹤0.01% |
23,907
+17,283
| +261% | +$850K |
|
|
HYLD
1957
DELISTED
High Yield ETF
HYLD
| $1.35M | ﹤0.01% |
42,211
+10,331
| +32% | +$322K |
|
1958
Globant
GLOB
$1.6B
| $1.34M | ﹤0.01% |
6,138
-193
| -3% | -$37.3K |
|
1959
Federal Realty Investment Trust
FRT
$10.7B
| $1.33M | ﹤0.01% |
15,662
+2,228
| +17% | +$185K |
|
1960
Encompass Health
EHC
$11.2B
| $1.33M | ﹤0.01% |
20,254
+1,258
| +7% | +$74K |
|
1961
WD-40
WDFC
$3.05B
| $1.33M | ﹤0.01% |
5,015
-10
| -0.2% | -$2.42K |
|
1962
Bio-Techne
TECH
$11.2B
| $1.33M | ﹤0.01% |
16,736
+2,652
| +19% | +$192K |
|
1963
Jones Lang LaSalle
JLL
$16.8B
| $1.33M | ﹤0.01% |
8,949
+2,341
| +35% | +$301K |
|
1964
Sprouts Farmers Market
SFM
$8.28B
| $1.32M | ﹤0.01% |
65,928
+7,402
| +13% | +$152K |
|
1965
BlackRock TCP Capital
TCPC
$283M
| $1.32M | ﹤0.01% |
117,630
-9,521
| -7% | -$103K |
|
1966
iShares US Tech Independence Focused ETF
IETC
$684M
| $1.32M | ﹤0.01% |
+27,751
| New | +$1.24M |
|
|
JHMF
1967
DELISTED
John Hancock Multifactor Financials ETF
JHMF
| $1.32M | ﹤0.01% |
31,789
-2,922
| -8% | -$111K |
|
1968
Western Midstream Partners
WES
$19.3B
| $1.32M | ﹤0.01% |
95,196
+77,773
| +446% | +$893K |
|
1969
Workhorse Group
WKHS
$34M
| $1.32M | ﹤0.01% |
22
+8
| +57% | +$520K |
|
1970
FIVE9
FIVN
$2.22B
| $1.31M | ﹤0.01% |
7,532
+3,973
| +112% | +$604K |
|
|
SRC
1971
DELISTED
SPIRIT REALTY CAPITAL, INC.
SRC
| $1.31M | ﹤0.01% |
32,698
-987
| -3% | -$35.6K |
|
1972
ProShares Investment Grade-Interest Rate Hedged
IGHG
$329M
| $1.31M | ﹤0.01% |
17,354
-7,461
| -30% | -$552K |
|
1973
Service Corp International
SCI
$11.7B
| $1.31M | ﹤0.01% |
26,709
+351
| +1% | +$16.7K |
|
1974
Sunoco
SUN
$14.6B
| $1.31M | ﹤0.01% |
45,568
+17,677
| +63% | +$479K |
|
|
CVET
1975
DELISTED
Covetrus, Inc. Common Stock
CVET
| $1.31M | ﹤0.01% |
45,594
-2,622
| -5% | -$70.8K |
|
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.