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 | |
|---|---|---|---|---|---|---|
|
SCPL
2001
DELISTED
SciPlay Corporation Class A Common Stock
SCPL
| $1.62M | ﹤0.01% |
100,367
+32,601
| +48% | +$562K |
|
2002
AAM S&P 500 High Dividend Value ETF
SPDV
$104M
| $1.62M | ﹤0.01% |
55,998
+1,088
| +2% | +$29.6K |
|
2003
ALPS Equal Sector Weight ETF
EQL
$763M
| $1.62M | ﹤0.01% |
51,831
+1,197
| +2% | +$35.9K |
|
2004
American Express Global Business Travel
GBTG
$4.94B
| $1.61M | ﹤0.01% |
+163,078
| New | +$1.71M |
|
2005
Sensata Technologies
ST
$6.93B
| $1.61M | ﹤0.01% |
27,736
-5,328
| -16% | -$307K |
|
2006
Cedar Fair
FUN
$1.82B
| $1.61M | ﹤0.01% |
32,335
+7,276
| +29% | +$331K |
|
|
OXLC
2007
Oxford Lane Capital
OXLC
$893M
| $1.61M | ﹤0.01% |
50,982
+38,588
| +311% | +$1.22M |
|
2008
Sixth Street Specialty
TSLX
$1.67B
| $1.61M | ﹤0.01% |
76,388
+18,070
| +31% | +$388K |
|
2009
Franklin US Core Bond ETF
FLCB
$3.03B
| $1.6M | ﹤0.01% |
63,652
+2,675
| +4% | +$68.7K |
|
|
IBMN
2010
DELISTED
iShares iBonds Dec 2025 Term Muni Bond ETF
IBMN
| $1.6M | ﹤0.01% |
57,256
+12,407
| +28% | +$348K |
|
|
DFND
2011
DELISTED
Siren DIVCON Dividend Defender ETF
DFND
| $1.6M | ﹤0.01% |
44,448
+1,030
| +2% | +$36.9K |
|
2012
Booz Allen Hamilton
BAH
$8.57B
| $1.59M | ﹤0.01% |
19,753
-1,399
| -7% | -$117K |
|
2013
ZTO Express
ZTO
$18.7B
| $1.58M | ﹤0.01% |
54,123
+5,171
| +11% | +$169K |
|
|
CFIV
2014
DELISTED
CF Acquisition Corp. IV Class A common stock
CFIV
| $1.58M | ﹤0.01% |
+161,270
| New | +$1.61M |
|
2015
American Homes 4 Rent
AMH
$12.3B
| $1.57M | ﹤0.01% |
47,225
+18,674
| +65% | +$582K |
|
2016
Purple Innovation
PRPL
$36.8M
| $1.57M | ﹤0.01% |
1,990
-265
| -12% | -$230K |
|
2017
Academy Sports + Outdoors
ASO
$2.98B
| $1.57M | ﹤0.01% |
+58,235
| New | +$1.39M |
|
2018
PennyMac Financial
PFSI
$3.97B
| $1.57M | ﹤0.01% |
23,515
-10,623
| -31% | -$659K |
|
2019
Chemours
CC
$2.54B
| $1.57M | ﹤0.01% |
56,306
+6,764
| +14% | +$180K |
|
2020
NetApp
NTAP
$35.8B
| $1.57M | ﹤0.01% |
21,616
+341
| +2% | +$22.9K |
|
|
SRC
2021
DELISTED
SPIRIT REALTY CAPITAL, INC.
SRC
| $1.57M | ﹤0.01% |
36,885
+4,187
| +13% | +$171K |
|
|
EFT
2022
Eaton Vance Floating-Rate Income Trust
EFT
$284M
| $1.57M | ﹤0.01% |
111,163
+13,330
| +14% | +$185K |
|
2023
Fidelity Momentum Factor ETF
FDMO
$928M
| $1.57M | ﹤0.01% |
34,878
-627
| -2% | -$28.5K |
|
2024
HealthEquity
HQY
$8.67B
| $1.57M | ﹤0.01% |
23,033
+964
| +4% | +$75.7K |
|
|
POTX
2025
DELISTED
Global X Cannabis ETF
POTX
| $1.57M | ﹤0.01% |
16,259
+12,828
| +374% | +$1.27M |
|
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.