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 | |
|---|---|---|---|---|---|---|
|
CAJ
2201
DELISTED
Canon, Inc.
CAJ
| $984K | ﹤0.01% |
50,716
+15,659
| +45% | +$283K |
|
2202
Reliance Steel & Aluminium
RS
$21.2B
| $980K | ﹤0.01% |
8,184
+1,389
| +20% | +$161K |
|
2203
Hartford Municipal Opportunities ETF
HMOP
$787M
| $979K | ﹤0.01% |
23,404
+636
| +3% | +$26.3K |
|
2204
Targa Resources
TRGP
$56.4B
| $979K | ﹤0.01% |
37,119
-4,655
| -11% | -$99.1K |
|
2205
Oshkosh
OSK
$9.68B
| $976K | ﹤0.01% |
11,343
+4,276
| +61% | +$340K |
|
2206
Invesco S&P 500 BuyWrite ETF
PBP
$361M
| $973K | ﹤0.01% |
47,464
-11,538
| -20% | -$229K |
|
2207
RB Global
RBA
$20.7B
| $973K | ﹤0.01% |
13,985
-134
| -0.9% | -$8.87K |
|
2208
Lemonade
LMND
$4.18B
| $972K | ﹤0.01% |
+7,936
| New | +$585K |
|
2209
NewMarket
NEU
$8.18B
| $972K | ﹤0.01% |
2,441
+40
| +2% | +$14.9K |
|
|
DBL
2210
DoubleLine Opportunistic Credit Fund
DBL
$279M
| $971K | ﹤0.01% |
49,398
+4,804
| +11% | +$92.5K |
|
2211
Novanta
NOVT
$5.68B
| $970K | ﹤0.01% |
8,208
+365
| +5% | +$42.6K |
|
2212
WisdomTree US Efficient Core Fund
NTSX
$1.4B
| $968K | ﹤0.01% |
26,452
+5,849
| +28% | +$204K |
|
2213
Brookfield Infrastructure
BIPC
$4.97B
| $962K | ﹤0.01% |
19,958
+2,168
| +12% | +$91.8K |
|
|
CADE
2214
DELISTED
Cadence Bank
CADE
| $962K | ﹤0.01% |
35,048
-940
| -3% | -$23.7K |
|
2215
Deckers Outdoor
DECK
$13.6B
| $960K | ﹤0.01% |
20,094
+72
| +0.4% | +$3.19K |
|
2216
The Greenbrier Companies
GBX
$1.56B
| $959K | ﹤0.01% |
+26,365
| New | +$870K |
|
|
LEO
2217
BNY Mellon Strategic Municipals
LEO
$386M
| $959K | ﹤0.01% |
112,993
+2,043
| +2% | +$17K |
|
2218
Invesco Trust Investment Grade Municipals
VGM
$553M
| $958K | ﹤0.01% |
72,552
+5,995
| +9% | +$76.5K |
|
2219
Diamondback Energy
FANG
$54B
| $955K | ﹤0.01% |
19,724
+4,287
| +28% | +$159K |
|
|
NKLA
2220
DELISTED
Nikola Corporation Common Stock
NKLA
| $955K | ﹤0.01% |
2,087
-252
| -11% | -$157K |
|
2221
Gartner
IT
$12.4B
| $953K | ﹤0.01% |
5,948
-161
| -3% | -$23.2K |
|
2222
Eos Energy Enterprises
EOSE
$1.57B
| $951K | ﹤0.01% |
+45,621
| New | +$588K |
|
2223
iShares North American Natural Resources ETF
IGE
$750M
| $951K | ﹤0.01% |
40,830
-15,211
| -27% | -$331K |
|
|
CHMI
2224
Cherry Hill Mortgage Investment Corp
CHMI
$84.5M
| $949K | ﹤0.01% |
103,848
+92,700
| +832% | +$864K |
|
2225
Gladstone Investment Corp
GAIN
$671M
| $949K | ﹤0.01% |
94,014
+3,881
| +4% | +$36.9K |
|
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.