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 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 | |
|---|---|---|---|---|---|---|
176
iShares MSCI EAFE Min Vol Factor ETF
EFAV
$5.32B
| $94.9M | 0.11% |
1,299,940
-225,591
| -15% | -$16.6M |
|
177
Coca-Cola
KO
$380B
| $94.7M | 0.11% |
1,796,851
+88,526
| +5% | +$4.46M |
|
178
iShares Russell 2000 Growth ETF
IWO
$14.4B
| $94.5M | 0.11% |
314,224
+15,050
| +5% | +$4.67M |
|
|
XYZ
179
Block Inc
XYZ
$49.5B
| $93.5M | 0.11% |
412,014
+17,520
| +4% | +$4.1M |
|
180
Goldman Sachs Access US Aggregate Bond ETF
GCOR
$794M
| $93.3M | 0.11% |
1,933,191
+91,963
| +5% | +$4.52M |
|
181
iShares US Energy ETF
IYE
$1.69B
| $93.2M | 0.11% |
3,552,469
+3,336,952
| +1,548% | +$82.1M |
|
182
iShares Russell 2000 Value ETF
IWN
$14.5B
| $91M | 0.1% |
570,545
+16,196
| +3% | +$2.45M |
|
|
HDV
183
iShares Core High Dividend ETF
HDV
$14.7B
| $90.9M | 0.1% |
4,789,750
+114,015
| +2% | +$2.08M |
|
184
iShares S&P Small-Cap 600 Value ETF
IJS
$8.2B
| $90.8M | 0.1% |
901,771
+392,286
| +77% | +$37.1M |
|
185
iShares MSCI Japan ETF
EWJ
$21.3B
| $90.4M | 0.1% |
1,319,703
+863,297
| +189% | +$59.8M |
|
186
Lowe's Companies
LOW
$122B
| $90.4M | 0.1% |
475,294
+17,303
| +4% | +$2.97M |
|
187
First Trust US Equity Opportunities ETF
FPX
$1.47B
| $90.1M | 0.1% |
755,986
+50,227
| +7% | +$6.31M |
|
188
State Street SPDR Bloomberg Convertible Securities ETF
CWB
$5.52B
| $89.8M | 0.1% |
1,077,728
+189,629
| +21% | +$16.4M |
|
189
State Street SPDR S&P Biotech ETF
XBI
$10.1B
| $89.7M | 0.1% |
661,413
+61,548
| +10% | +$9.22M |
|
190
Qualcomm
QCOM
$172B
| $89.5M | 0.1% |
675,072
+59,728
| +10% | +$8.62M |
|
191
Alibaba
BABA
$276B
| $88.4M | 0.1% |
390,092
-42,553
| -10% | -$10.5M |
|
192
Vanguard Mid-Cap Value ETF
VOE
$24.1B
| $87.6M | 0.1% |
649,488
+59,967
| +10% | +$7.68M |
|
193
Invesco S&P 500 Quality ETF
SPHQ
$19.3B
| $87.5M | 0.1% |
1,974,841
-96,148
| -5% | -$4.15M |
|
194
iShares 0-1 Year Treasury Bond ETF
SHV
$20.8B
| $86.9M | 0.1% |
786,327
-86,023
| -10% | -$9.51M |
|
195
Comcast
CMCSA
$85.8B
| $85.4M | 0.1% |
1,577,997
+112,219
| +8% | +$5.93M |
|
196
NextEra Energy
NEE
$186B
| $84.9M | 0.1% |
1,122,313
+103,876
| +10% | +$8.11M |
|
197
State Street SPDR Portfolio Mortgage Backed Bond ETF
SPMB
$7B
| $84.7M | 0.1% |
3,266,494
+424,007
| +15% | +$11.1M |
|
198
iShares S&P Mid-Cap 400 Growth ETF
IJK
$10.8B
| $84.3M | 0.1% |
1,075,829
-129,111
| -11% | -$9.95M |
|
199
Vanguard Large-Cap ETF
VV
$52B
| $83.4M | 0.1% |
450,106
+8,287
| +2% | +$1.5M |
|
200
Vanguard S&P 500 Growth ETF
VOOG
$25.2B
| $83.2M | 0.1% |
2,124,864
-308,958
| -13% | -$12M |
|
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.