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 MSCI EAFE ETF
IEFA
|
+$325M |
| 2 |
iShares Russell 2000 ETF
IWM
|
+$290M |
| 3 |
Vanguard Total Bond Market
BND
|
+$227M |
| 4 |
iShares Core MSCI Emerging Markets ETF
IEMG
|
+$226M |
| 5 |
iShares ESG Aware MSCI USA ETF
ESGU
|
+$190M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
iShares MSCI USA Min Vol Factor ETF
USMV
|
+$290M |
| 2 |
iShares TIPS Bond ETF
TIP
|
+$192M |
| 3 |
iShares Core S&P US Value ETF
IUSV
|
+$179M |
| 4 |
Vanguard Morningstar Total Stock Market ETF
VTI
|
+$91.7M |
| 5 |
Vanguard Intermediate-Term Corporate Bond ETF
VCIT
|
+$66.4M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 6.47% |
| 2 | Consumer Discretionary | 3.2% |
| 3 | Financials | 2.84% |
| 4 | Healthcare | 2.77% |
| 5 | Communication Services | 2.45% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
PMM
2076
Franklin Managed Municipal Income Trust
PMM
$266M
| $1.15M | ﹤0.01% |
142,018
-4,090
| -3% | -$31.9K |
|
2077
PTC
PTC
$15.3B
| $1.15M | ﹤0.01% |
9,570
+1,192
| +14% | +$119K |
|
2078
LXP Industrial Trust
LXP
$3.56B
| $1.14M | ﹤0.01% |
21,519
+364
| +2% | +$19.2K |
|
2079
Markel Group
MKL
$23.3B
| $1.14M | ﹤0.01% |
1,102
-284
| -20% | -$283K |
|
2080
Plains All American Pipeline
PAA
$16.7B
| $1.14M | ﹤0.01% |
138,212
+3,476
| +3% | +$26.4K |
|
|
SYSB
2081
iShares Systematic Bond ETF
SYSB
$1.17B
| $1.14M | ﹤0.01% |
11,088
-1,130
| -9% | -$115K |
|
2082
Exponent
EXPO
$3.29B
| $1.14M | ﹤0.01% |
12,626
+2,073
| +20% | +$165K |
|
2083
Nuveen Real Asset Income & Growth Fund
JRI
$353M
| $1.14M | ﹤0.01% |
84,291
+11,278
| +15% | +$144K |
|
2084
Sonoco
SON
$5.64B
| $1.14M | ﹤0.01% |
19,161
+1,759
| +10% | +$98.9K |
|
2085
Watsco Inc
WSO
$13.4B
| $1.13M | ﹤0.01% |
5,005
+254
| +5% | +$58.4K |
|
2086
Pacific Biosciences
PACB
$450M
| $1.13M | ﹤0.01% |
43,695
+20,985
| +92% | +$357K |
|
2087
State Street SPDR Bloomberg 1-10 Year TIPS ETF
TIPX
$1.99B
| $1.13M | ﹤0.01% |
54,210
+19,054
| +54% | +$394K |
|
2088
Autohome
ATHM
$2.68B
| $1.13M | ﹤0.01% |
11,350
+848
| +8% | +$83.9K |
|
2089
Fidelity Limited Term Bond ETF
FLTB
$415M
| $1.13M | ﹤0.01% |
21,372
+1,316
| +7% | +$69.3K |
|
|
THQ
2090
abrdn Healthcare Opportunities Fund
THQ
$776M
| $1.13M | ﹤0.01% |
55,393
+3,170
| +6% | +$60.6K |
|
2091
VanEck India Growth Leaders ETF
GLIN
$95.1M
| $1.13M | ﹤0.01% |
34,526
+1,314
| +4% | +$39.2K |
|
2092
Assured Guaranty
AGO
$3.73B
| $1.13M | ﹤0.01% |
35,730
-596
| -2% | -$17.5K |
|
2093
iShares US & Intl High Yield Corp Bond ETF
GHYG
$198M
| $1.13M | ﹤0.01% |
22,180
+1,660
| +8% | +$82K |
|
2094
Invesco S&P Emerging Markets Momentum ETF
EEMO
$23.1M
| $1.12M | ﹤0.01% |
59,330
+16,151
| +37% | +$281K |
|
|
CHGX
2095
DELISTED
AXS Change Finance ESG ETF
CHGX
| $1.12M | ﹤0.01% |
38,989
-3,762
| -9% | -$103K |
|
2096
Silicon Motion
SIMO
$8.81B
| $1.12M | ﹤0.01% |
23,221
-14,120
| -38% | -$577K |
|
2097
BlackRock Limited Duration Income Trust
BLW
$490M
| $1.11M | ﹤0.01% |
70,057
-8,038
| -10% | -$123K |
|
2098
Restaurant Brands International
QSR
$25.6B
| $1.11M | ﹤0.01% |
18,201
+2,669
| +17% | +$156K |
|
2099
State Street SPDR S&P Global Dividend ETF
WDIV
$279M
| $1.11M | ﹤0.01% |
18,435
+2,698
| +17% | +$156K |
|
2100
TechnipFMC
FTI
$27.6B
| $1.11M | ﹤0.01% |
158,804
+31,042
| +24% | +$183K |
|
Similar funds
LPL Financial's Q4 2020 Portfolio in Review
As of Q4 2020, LPL Financial held 3,938 positions worth $77.2B, up 21% from $64B the previous quarter. Its ten largest holdings account for 20% of the portfolio.
LPL Financial deployed $5.76B of net new capital in Q4 2020, opening 393 new positions and adding to 2,285 existing holdings. Its largest new stake was Global X MSCI China Consumer Discretionary ETF: 351,999 shares worth $12.5M.
By sector, the portfolio is most concentrated in Technology at 6.5% of assets, up from 6.1% a quarter earlier, followed by Consumer Discretionary and Financials.
On the sell side, the largest reduction was iShares MSCI USA Min Vol Factor ETF, an estimated $290M trimmed.
- LPL Financial's largest Q4 2020 buy was Global X MSCI China Consumer Discretionary ETF: 351,999 shares worth $12.5M.
- LPL Financial added most to iShares Core MSCI EAFE ETF in Q4 2020, an estimated $325M increase.
- LPL Financial's biggest Q4 2020 reduction was iShares MSCI USA Min Vol Factor ETF, cutting an estimated $290M.
- LPL Financial fully exited iShares iBonds Dec 2020 Term Corporate ETF in Q4 2020, selling an estimated $23.5M.
- LPL Financial's ten largest holdings make up 20% of its $77.2B portfolio in Q4 2020.
- LPL Financial opened 393 new positions and closed 132 in Q4 2020.
- LPL Financial's portfolio value rose 21% quarter-over-quarter to $77.2B.
Based on LPL Financial's 13F filing for Q4 2020, filed 12 Feb 2021.