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 | |
|---|---|---|---|---|---|---|
|
ILPT
2101
Industrial Logistics Properties Trust
ILPT
$583M
| $1.11M | ﹤0.01% |
47,609
+2,585
| +6% | +$56.5K |
|
2102
Global X Cybersecurity ETF
BUG
$1.43B
| $1.11M | ﹤0.01% |
+39,158
| New | +$916K |
|
|
AMED
2103
DELISTED
Amedisys
AMED
| $1.1M | ﹤0.01% |
3,768
-91
| -2% | -$23.3K |
|
|
CMA
2104
DELISTED
Comerica
CMA
| $1.1M | ﹤0.01% |
19,710
-9,607
| -33% | -$468K |
|
2105
Acquirers Small and Micro Deep Value ETF
DEEP
$28.3M
| $1.1M | ﹤0.01% |
39,604
+8,070
| +26% | +$204K |
|
2106
C.H. Robinson
CHRW
$17.9B
| $1.1M | ﹤0.01% |
11,693
-29,910
| -72% | -$2.85M |
|
2107
Invesco International Corporate Bond ETF
PICB
$361M
| $1.1M | ﹤0.01% |
36,346
-3,476
| -9% | -$101K |
|
2108
Emergent Biosolutions
EBS
$390M
| $1.09M | ﹤0.01% |
12,192
-1,294
| -10% | -$119K |
|
2109
Chemed
CHE
$7.09B
| $1.09M | ﹤0.01% |
2,044
+935
| +84% | +$459K |
|
|
LHCG
2110
DELISTED
LHC Group LLC
LHCG
| $1.09M | ﹤0.01% |
5,098
-113
| -2% | -$24.1K |
|
|
CHL
2111
DELISTED
China Mobile Limited
CHL
| $1.09M | ﹤0.01% |
38,052
-17,285
| -31% | -$534K |
|
|
AGNT
2112
AGNT Inc
AGNT
$687M
| $1.08M | ﹤0.01% |
34,392
+11,658
| +51% | +$322K |
|
|
SPWR
2113
DELISTED
SunPower Corporation Common Stock
SPWR
| $1.08M | ﹤0.01% |
42,331
+23,476
| +125% | +$475K |
|
|
SIX
2114
DELISTED
Six Flags Entertainment Corp.
SIX
| $1.08M | ﹤0.01% |
31,664
+2,890
| +10% | +$79.2K |
|
2115
TripAdvisor
TRIP
$1.67B
| $1.08M | ﹤0.01% |
37,477
+26,507
| +242% | +$638K |
|
2116
Wyndham Hotels & Resorts
WH
$5.59B
| $1.08M | ﹤0.01% |
18,149
+1,777
| +11% | +$95.8K |
|
|
SNLN
2117
DELISTED
Highland/iBoxx Senior Loan ETF
SNLN
| $1.08M | ﹤0.01% |
67,331
-19,639
| -23% | -$311K |
|
2118
First American
FAF
$7.72B
| $1.08M | ﹤0.01% |
20,873
+2,521
| +14% | +$127K |
|
2119
iShares Government/Credit Bond ETF
GBF
$128M
| $1.08M | ﹤0.01% |
8,559
-1,444
| -14% | -$181K |
|
2120
iShares MSCI BIC ETF
BKF
$78.6M
| $1.08M | ﹤0.01% |
20,617
+2,560
| +14% | +$128K |
|
|
RMT
2121
Royce Micro-Cap Trust
RMT
$760M
| $1.07M | ﹤0.01% |
106,207
+4,990
| +5% | +$44.8K |
|
2122
National Health Investors
NHI
$3.64B
| $1.07M | ﹤0.01% |
15,528
+10,498
| +209% | +$667K |
|
2123
First Horizon
FHN
$12.4B
| $1.07M | ﹤0.01% |
83,957
-5,877
| -7% | -$68.8K |
|
|
SQEW
2124
DELISTED
LeaderShares Equity Skew ETF
SQEW
| $1.07M | ﹤0.01% |
+33,521
| New | +$1.03M |
|
2125
Kinross Gold
KGC
$28.2B
| $1.07M | ﹤0.01% |
145,737
-18,180
| -11% | -$145K |
|
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.