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 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 | |
|---|---|---|---|---|---|---|
176
Invesco Dividend Achievers ETF
PFM
$799M
| $129M | 0.11% |
3,243,147
+270,224
| +9% | +$10.4M |
|
177
Invesco Preferred ETF
PGX
$3.81B
| $128M | 0.11% |
8,520,697
+266,861
| +3% | +$3.98M |
|
178
NextEra Energy
NEE
$186B
| $127M | 0.11% |
1,355,155
+70,551
| +5% | +$6.1M |
|
179
First Trust Cloud Computing ETF
SKYY
$2.82B
| $124M | 0.1% |
1,193,304
+53,576
| +5% | +$5.9M |
|
180
iShares GSCI Commodity Dynamic Roll Strategy ETF
COMT
$1.17B
| $123M | 0.1% |
3,987,983
-409,834
| -9% | -$14.5M |
|
181
iShares Global Financials ETF
IXG
$679M
| $123M | 0.1% |
1,536,724
-400,574
| -21% | -$32.4M |
|
182
Target
TGT
$65.5B
| $122M | 0.1% |
526,369
+40,645
| +8% | +$9.88M |
|
183
Vanguard Large-Cap ETF
VV
$52B
| $121M | 0.1% |
549,250
+24,461
| +5% | +$5.25M |
|
184
First Trust NASDAQ Cybersecurity ETF
CIBR
$14B
| $121M | 0.1% |
2,284,678
+284,870
| +14% | +$15M |
|
185
Schwab US Large- Cap ETF
SCHX
$71.3B
| $120M | 0.1% |
6,327,048
+727,362
| +13% | +$13.4M |
|
186
John Hancock Multifactor Mid Cap ETF
JHMM
$5.96B
| $120M | 0.1% |
2,156,357
+395,632
| +22% | +$21.6M |
|
187
Vanguard Mid-Cap Value ETF
VOE
$24.1B
| $119M | 0.1% |
789,898
-11,402
| -1% | -$1.67M |
|
188
JPMorgan Ultra-Short Income ETF
JPST
$40.1B
| $118M | 0.1% |
2,329,128
-131,160
| -5% | -$6.63M |
|
189
Global X US Infrastructure Development ETF
PAVE
$14.1B
| $117M | 0.1% |
4,054,690
+507,151
| +14% | +$14.1M |
|
190
US Bancorp
USB
$100B
| $117M | 0.1% |
2,075,893
+53,093
| +3% | +$3.14M |
|
191
State Street Materials Select Sector SPDR ETF
XLB
$8.82B
| $117M | 0.1% |
2,573,362
-75,144
| -3% | -$3.25M |
|
192
Coca-Cola
KO
$380B
| $116M | 0.1% |
1,966,533
+35,490
| +2% | +$1.98M |
|
193
Thermo Fisher Scientific
TMO
$214B
| $116M | 0.1% |
173,617
+11,160
| +7% | +$6.97M |
|
194
Advanced Micro Devices
AMD
$741B
| $115M | 0.1% |
802,441
+58,941
| +8% | +$7.92M |
|
195
iShares Russell 2000 Value ETF
IWN
$14.5B
| $115M | 0.1% |
693,825
+34,853
| +5% | +$5.81M |
|
196
iShares US Energy ETF
IYE
$1.69B
| $115M | 0.1% |
3,819,672
-108,866
| -3% | -$3.35M |
|
197
Global X NASDAQ-100 Covered Call ETF
QYLD
$7.99B
| $113M | 0.09% |
5,095,316
+837,374
| +20% | +$18.9M |
|
198
First Trust Managed Municipal ETF
FMB
$2.04B
| $112M | 0.09% |
1,959,957
+158,295
| +9% | +$8.99M |
|
199
First Trust Large Cap Growth AlphaDEX Fund
FTC
$1.29B
| $112M | 0.09% |
928,276
-50,940
| -5% | -$6.03M |
|
200
Intel
INTC
$435B
| $111M | 0.09% |
2,160,651
+200,737
| +10% | +$10.3M |
|
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.