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 Morningstar 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 | |
|---|---|---|---|---|---|---|
2051
NYLI Hedge Multi-Strategy Tracker ETF
QAI
$1.01B
| $2.11M | ﹤0.01% |
66,422
-56
| -0.1% | -$1.79K |
|
2052
Adams Diversified Equity Fund
ADX
$3.13B
| $2.11M | ﹤0.01% |
108,770
+33,970
| +45% | +$683K |
|
|
FLC
2053
Flaherty & Crumrine Total Return Fund
FLC
$174M
| $2.11M | ﹤0.01% |
92,594
+2,440
| +3% | +$57.2K |
|
|
GBAB
2054
Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust
GBAB
$382M
| $2.11M | ﹤0.01% |
88,924
+35,585
| +67% | +$842K |
|
2055
Invesco Next Gen Connectivity ETF
KNCT
$153M
| $2.11M | ﹤0.01% |
20,617
-1,005
| -5% | -$99.4K |
|
2056
Baker Hughes
BKR
$60B
| $2.11M | ﹤0.01% |
87,603
+9,235
| +12% | +$228K |
|
2057
Global X Renewable Energy Producers ETF
RNRG
$26M
| $2.1M | ﹤0.01% |
44,797
-4,433
| -9% | -$213K |
|
2058
Under Armour Class C
UA
$2.77B
| $2.1M | ﹤0.01% |
116,441
-13,222
| -10% | -$257K |
|
2059
Novanta
NOVT
$5.08B
| $2.09M | ﹤0.01% |
11,929
+1,765
| +17% | +$295K |
|
2060
Murphy USA
MUSA
$11.2B
| $2.09M | ﹤0.01% |
10,497
-52
| -0.5% | -$9.3K |
|
2061
NYLI FTSE International Equity Currency Neutral ETF
HFXI
$2.01B
| $2.09M | ﹤0.01% |
83,416
+13,757
| +20% | +$343K |
|
2062
Canadian Natural Resources
CNQ
$99.4B
| $2.08M | ﹤0.01% |
100,746
+7,474
| +8% | +$151K |
|
2063
Invesco S&P Emerging Markets Low Volatility ETF
EELV
$436M
| $2.08M | ﹤0.01% |
84,073
-732
| -0.9% | -$18.2K |
|
2064
Moelis & Co
MC
$4.97B
| $2.08M | ﹤0.01% |
33,325
+1,499
| +5% | +$100K |
|
2065
Cohen & Steers Select Preferred & Income Fund
PSF
$234M
| $2.08M | ﹤0.01% |
77,487
+15,138
| +24% | +$426K |
|
2066
Invesco Quality Municipal Securities
IQI
$522M
| $2.07M | ﹤0.01% |
152,000
+15,342
| +11% | +$203K |
|
2067
NetEase
NTES
$85.3B
| $2.06M | ﹤0.01% |
20,290
-3,812
| -16% | -$387K |
|
2068
Pacific Biosciences
PACB
$435M
| $2.06M | ﹤0.01% |
100,633
+21,035
| +26% | +$508K |
|
2069
ProShares S&P Technology Dividend Aristocrats ETF
TDV
$271M
| $2.06M | ﹤0.01% |
30,700
-1,125
| -4% | -$71.7K |
|
2070
Pinnacle West Capital
PNW
$12.2B
| $2.05M | ﹤0.01% |
29,092
+5,645
| +24% | +$379K |
|
2071
Assured Guaranty
AGO
$3.66B
| $2.05M | ﹤0.01% |
40,875
-108
| -0.3% | -$5.56K |
|
2072
Targa Resources
TRGP
$58B
| $2.05M | ﹤0.01% |
39,281
-1,226
| -3% | -$65.7K |
|
2073
Watsco Inc
WSO
$12.7B
| $2.05M | ﹤0.01% |
6,559
+640
| +11% | +$190K |
|
2074
Fidelity High Yield Factor ETF
FDHY
$566M
| $2.04M | ﹤0.01% |
37,455
+29,257
| +357% | +$1.62M |
|
2075
NVR
NVR
$16.5B
| $2.04M | ﹤0.01% |
346
+110
| +47% | +$581K |
|
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.