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 |
Invesco QQQ Trust
QQQ
|
+$205M |
| 2 |
iShares Core S&P 500 ETF
IVV
|
+$199M |
| 3 |
First Trust Rising Dividend Achievers ETF
RDVY
|
+$180M |
| 4 |
iShares TIPS Bond ETF
TIP
|
+$140M |
| 5 |
iShares Core S&P Small-Cap ETF
IJR
|
+$121M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
iShares 1-5 Year Investment Grade Corporate Bond ETF
IGSB
|
+$134M |
| 2 |
iShares Core US Aggregate Bond ETF
AGG
|
+$64.2M |
| 3 |
Vanguard Morningstar Total Stock Market ETF
VTI
|
+$47.3M |
| 4 |
iShares Global Tech ETF
IXN
|
+$43.6M |
| 5 |
State Street SPDR Portfolio Intermediate Term Corporate Bond ETF
SPIB
|
+$43.4M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 6.8% |
| 2 | Consumer Discretionary | 3.12% |
| 3 | Financials | 3.04% |
| 4 | Healthcare | 2.77% |
| 5 | Communication Services | 2.23% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
1951
PIMCO Enhanced Short Maturity Active ESG ETF
EMNT
$212M
| $2.4M | ﹤0.01% |
23,981
-1,115
| -4% | -$112K |
|
|
GTM
1952
ZoomInfo Technologies
GTM
$973M
| $2.4M | ﹤0.01% |
37,405
+1,364
| +4% | +$91.3K |
|
1953
Macy's
M
$6.53B
| $2.39M | ﹤0.01% |
91,341
-101,715
| -53% | -$2.77M |
|
|
NVTA
1954
DELISTED
Invitae Corporation
NVTA
| $2.38M | ﹤0.01% |
156,063
-22,483
| -13% | -$486K |
|
1955
Nuveen California Quality Municipal Income Fund
NAC
$1.83B
| $2.38M | ﹤0.01% |
152,246
+3,465
| +2% | +$53.5K |
|
1956
Black Hills Corp
BKH
$5.42B
| $2.37M | ﹤0.01% |
33,631
+1,036
| +3% | +$68.7K |
|
1957
Fidelity MSCI Energy Index ETF
FENY
$2.01B
| $2.37M | ﹤0.01% |
156,192
+25,561
| +20% | +$397K |
|
1958
JPMorgan Municipal ETF
JMUB
$8.3B
| $2.37M | ﹤0.01% |
43,224
+10,327
| +31% | +$567K |
|
1959
Campbell Soup
CPB
$6.55B
| $2.37M | ﹤0.01% |
54,476
+3,818
| +8% | +$159K |
|
|
ISDX
1960
DELISTED
Invesco Exchange-Traded Self-Indexed Fund Trust Invesco RAFI Strategic Developed ex-US ETF
ISDX
| $2.36M | ﹤0.01% |
+77,909
| New | +$2.37M |
|
1961
Jones Lang LaSalle
JLL
$16.3B
| $2.36M | ﹤0.01% |
8,750
+29
| +0.3% | +$7.48K |
|
1962
iShares iBonds Dec 2026 Term Muni Bond ETF
IBMO
$581M
| $2.35M | ﹤0.01% |
87,530
+36,765
| +72% | +$987K |
|
1963
Saratoga Investment
SAR
$312M
| $2.35M | ﹤0.01% |
79,813
+2,875
| +4% | +$83.6K |
|
|
CIM
1964
Chimera Investment
CIM
$1.04B
| $2.34M | ﹤0.01% |
51,809
-2,174
| -4% | -$103K |
|
1965
AdvisorShares Pure Cannabis ETF
YOLO
$29.8M
| $2.34M | ﹤0.01% |
180,159
-68,249
| -27% | -$1.02M |
|
|
THW
1966
abrdn World Healthcare Fund
THW
$536M
| $2.34M | ﹤0.01% |
143,660
-254,116
| -64% | -$4.18M |
|
1967
iShares ESG MSCI USA Leaders ETF
SUSL
$1.14B
| $2.33M | ﹤0.01% |
27,679
+3,456
| +14% | +$282K |
|
1968
Nuveen ESG Emerging Markets Equity ETF
NUEM
$368M
| $2.33M | ﹤0.01% |
72,246
+8,588
| +13% | +$290K |
|
1969
Matsons
MATX
$6.13B
| $2.33M | ﹤0.01% |
25,876
+2,589
| +11% | +$221K |
|
1970
Rithm Capital
RITM
$5.52B
| $2.33M | ﹤0.01% |
217,209
-2,401
| -1% | -$26.8K |
|
1971
STAAR Surgical
STAA
$1.21B
| $2.32M | ﹤0.01% |
25,407
-14,920
| -37% | -$1.6M |
|
1972
Playboy Inc
PLBY
$128M
| $2.31M | ﹤0.01% |
86,882
+50,980
| +142% | +$1.54M |
|
1973
iShares Low Carbon Optimized MSCI ACWI ETF
CRBN
$1.15B
| $2.31M | ﹤0.01% |
13,296
+3,864
| +41% | +$663K |
|
1974
Markel Group
MKL
$23.3B
| $2.31M | ﹤0.01% |
1,875
+59
| +3% | +$74.5K |
|
1975
RingCentral
RNG
$4.66B
| $2.31M | ﹤0.01% |
12,347
-4,258
| -26% | -$945K |
|
Similar funds
LPL Financial's Q4 2021 Portfolio in Review
As of Q4 2021, LPL Financial held 4,559 positions worth $119B, up 12% from $106B the previous quarter. Its ten largest holdings account for 19% of the portfolio.
LPL Financial deployed $6.13B of net new capital in Q4 2021, opening 235 new positions and adding to 2,641 existing holdings. Its largest new stake was iShares MSCI South Africa ETF: 184,094 shares worth $8.54M.
By sector, the portfolio is most concentrated in Technology at 6.8% of assets, up from 6.3% a quarter earlier, followed by Consumer Discretionary and Financials.
On the sell side, the largest reduction was iShares 1-5 Year Investment Grade Corporate Bond ETF, an estimated $134M trimmed.
- LPL Financial's largest Q4 2021 buy was iShares MSCI South Africa ETF: 184,094 shares worth $8.54M.
- LPL Financial added most to Invesco QQQ Trust in Q4 2021, an estimated $205M increase.
- LPL Financial's biggest Q4 2021 reduction was iShares 1-5 Year Investment Grade Corporate Bond ETF, cutting an estimated $134M.
- LPL Financial fully exited iShares iBonds Dec 2021 Term Corporate ETF in Q4 2021, selling an estimated $25.2M.
- LPL Financial's ten largest holdings make up 19% of its $119B portfolio in Q4 2021.
- LPL Financial opened 235 new positions and closed 224 in Q4 2021.
- LPL Financial's portfolio value rose 12% quarter-over-quarter to $119B.
Based on LPL Financial's 13F filing for Q4 2021, filed 14 Feb 2022.