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 | |
|---|---|---|---|---|---|---|
1976
Fluor
FLR
$7.06B
| $1.67M | ﹤0.01% |
72,253
+6,800
| +10% | +$132K |
|
|
NCZ
1977
Virtus Convertible & Income Fund II
NCZ
$296M
| $1.67M | ﹤0.01% |
83,718
-2,064
| -2% | -$42K |
|
1978
Avient
AVNT
$3.37B
| $1.67M | ﹤0.01% |
35,222
+22,190
| +170% | +$989K |
|
|
HYLD
1979
DELISTED
High Yield ETF
HYLD
| $1.66M | ﹤0.01% |
51,239
+9,028
| +21% | +$291K |
|
|
JHMF
1980
DELISTED
John Hancock Multifactor Financials ETF
JHMF
| $1.66M | ﹤0.01% |
35,364
+3,575
| +11% | +$159K |
|
1981
Workhorse Group
WKHS
$32.9M
| $1.66M | ﹤0.01% |
40
+18
| +82% | +$1.29M |
|
|
FSCS
1982
First Trust SMID Capital Strength ETF
FSCS
$58.6M
| $1.66M | ﹤0.01% |
59,690
+8,480
| +17% | +$223K |
|
1983
iShares MSCI Agriculture Producers ETF
VEGI
$147M
| $1.66M | ﹤0.01% |
41,413
+29,279
| +241% | +$1.11M |
|
|
DM
1984
DELISTED
Desktop Metal, Inc.
DM
| $1.66M | ﹤0.01% |
11,113
+2,685
| +32% | +$591K |
|
1985
EQT Corp
EQT
$33.3B
| $1.65M | ﹤0.01% |
89,000
+11,253
| +14% | +$196K |
|
1986
WisdomTree International Quality Dividend Growth Fund
IQDG
$718M
| $1.65M | ﹤0.01% |
44,617
+9,637
| +28% | +$361K |
|
1987
Exponent
EXPO
$3.3B
| $1.65M | ﹤0.01% |
16,943
+4,317
| +34% | +$405K |
|
1988
H&R Block
HRB
$5.72B
| $1.65M | ﹤0.01% |
75,579
+3,000
| +4% | +$56.7K |
|
1989
Nuveen Municipal High Income Opportunity Fund
NMZ
$2.19B
| $1.64M | ﹤0.01% |
113,933
-9,955
| -8% | -$143K |
|
|
DMB
1990
BNY Mellon Municipal Bond Infrastructure Fund
DMB
$194M
| $1.64M | ﹤0.01% |
116,445
+10,527
| +10% | +$150K |
|
1991
STAG Industrial
STAG
$7.33B
| $1.64M | ﹤0.01% |
48,754
+1,811
| +4% | +$57.8K |
|
1992
Nuveen S&P 500 Dynamic Overwrite Fund
SPXX
$336M
| $1.64M | ﹤0.01% |
99,030
-33,229
| -25% | -$520K |
|
1993
Cracker Barrel
CBRL
$1.32B
| $1.63M | ﹤0.01% |
9,450
-426
| -4% | -$64.9K |
|
|
SEE
1994
DELISTED
Sealed Air
SEE
| $1.63M | ﹤0.01% |
35,570
-9,929
| -22% | -$444K |
|
1995
Sarepta Therapeutics
SRPT
$1.6B
| $1.63M | ﹤0.01% |
21,870
+1,595
| +8% | +$147K |
|
1996
10x Genomics
TXG
$6.05B
| $1.63M | ﹤0.01% |
8,999
+1,972
| +28% | +$341K |
|
1997
State Street SPDR S&P Capital Markets ETF
KCE
$462M
| $1.63M | ﹤0.01% |
19,269
-424
| -2% | -$34.3K |
|
1998
Ollie's Bargain Outlet
OLLI
$4.52B
| $1.63M | ﹤0.01% |
18,695
+6,339
| +51% | +$577K |
|
1999
Lazard
LAZ
$4.11B
| $1.63M | ﹤0.01% |
37,338
+12,149
| +48% | +$517K |
|
|
SFIX
2000
Stitch Fix
SFIX
$544M
| $1.62M | ﹤0.01% |
32,776
-4,941
| -13% | -$348K |
|
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.