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 | |
|---|---|---|---|---|---|---|
2026
Jones Lang LaSalle
JLL
$16.6B
| $1.56M | ﹤0.01% |
8,734
-215
| -2% | -$35K |
|
2027
HEICO Corp Class A
HEI.A
$36.2B
| $1.56M | ﹤0.01% |
13,755
+5,215
| +61% | +$607K |
|
2028
Cinemark Holdings
CNK
$4.39B
| $1.56M | ﹤0.01% |
+76,266
| New | +$1.61M |
|
2029
Community Health Systems
CYH
$406M
| $1.56M | ﹤0.01% |
115,161
-119,514
| -51% | -$1.17M |
|
2030
Tyler Technologies
TYL
$12.7B
| $1.56M | ﹤0.01% |
3,668
-1,091
| -23% | -$471K |
|
2031
Marriott Vacations Worldwide
VAC
$3.34B
| $1.56M | ﹤0.01% |
8,932
+1,327
| +17% | +$207K |
|
2032
Harley-Davidson
HOG
$2.64B
| $1.55M | ﹤0.01% |
38,710
-307
| -0.8% | -$11.4K |
|
2033
Upland Software
UPLD
$12.9M
| $1.55M | ﹤0.01% |
3,286
-62
| -2% | -$29.9K |
|
2034
Waters Corp
WAT
$36.7B
| $1.55M | ﹤0.01% |
5,456
+432
| +9% | +$118K |
|
2035
AdvisorShares Dorsey Wright ADR ETF
AADR
$38M
| $1.55M | ﹤0.01% |
24,798
-7,317
| -23% | -$464K |
|
2036
Invesco MSCI Global Timber ETF
CUT
$32.9M
| $1.54M | ﹤0.01% |
42,985
+904
| +2% | +$31.8K |
|
|
GORV
2037
DELISTED
Lazydays
GORV
| $1.54M | ﹤0.01% |
2,889
+531
| +23% | +$311K |
|
2038
Mid-America Apartment Communities
MAA
$15.5B
| $1.54M | ﹤0.01% |
10,690
-20
| -0.2% | -$2.72K |
|
|
VSTO
2039
DELISTED
Vista Outdoor Inc.
VSTO
| $1.54M | ﹤0.01% |
48,096
+35,614
| +285% | +$1.1M |
|
2040
iShares MSCI BIC ETF
BKF
$78.4M
| $1.54M | ﹤0.01% |
29,182
+8,565
| +42% | +$475K |
|
2041
iShares Russell Top 200 Value ETF
IWX
$4.01B
| $1.54M | ﹤0.01% |
24,112
+2,724
| +13% | +$166K |
|
2042
Vanguard ESG International Stock ETF
VSGX
$6.53B
| $1.52M | ﹤0.01% |
24,851
+17,250
| +227% | +$1.06M |
|
2043
ImmunityBio
IBRX
$7.48B
| $1.52M | ﹤0.01% |
+64,205
| New | +$1.66M |
|
2044
Smith & Nephew
SNN
$13.5B
| $1.52M | ﹤0.01% |
40,144
+1,366
| +4% | +$56.4K |
|
|
HES
2045
DELISTED
Hess
HES
| $1.52M | ﹤0.01% |
21,461
-2,654
| -11% | -$170K |
|
2046
SiriusXM
SIRI
$10.3B
| $1.52M | ﹤0.01% |
24,909
-106
| -0.4% | -$6.46K |
|
2047
Medpace
MEDP
$16B
| $1.51M | ﹤0.01% |
9,227
-1,459
| -14% | -$223K |
|
2048
Pacer Trendpilot European Index ETF
PTEU
$37.3M
| $1.51M | ﹤0.01% |
65,198
-6,460
| -9% | -$147K |
|
|
IGD
2049
Voya Global Equity Dividend and Premium Opportunity Fund
IGD
$514M
| $1.5M | ﹤0.01% |
263,189
-27,789
| -10% | -$151K |
|
|
MCR
2050
DELISTED
MFS Charter Income Trust
MCR
| $1.5M | ﹤0.01% |
175,657
+13,669
| +8% | +$119K |
|
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.