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 | |
|---|---|---|---|---|---|---|
2226
RELX
RELX
$64.2B
| $949K | ﹤0.01% |
38,497
-1,406
| -4% | -$32.2K |
|
|
IRBT
2227
DELISTED
iRobot
IRBT
| $947K | ﹤0.01% |
11,797
+3,263
| +38% | +$266K |
|
2228
Utz Brands
UTZ
$1.25B
| $945K | ﹤0.01% |
42,831
+7,997
| +23% | +$152K |
|
2229
Invesco Bond Fund
VBF
$169M
| $945K | ﹤0.01% |
43,403
-2,337
| -5% | -$47.5K |
|
|
FFA
2230
First Trust Enhanced Equity Income Fund
FFA
$462M
| $944K | ﹤0.01% |
53,569
-6,855
| -11% | -$110K |
|
2231
Viasat
VSAT
$11.9B
| $943K | ﹤0.01% |
28,881
+348
| +1% | +$12K |
|
2232
State Street SPDR Bloomberg Short Term International Treasury Bond ETF
BWZ
$269M
| $942K | ﹤0.01% |
+28,708
| New | +$920K |
|
2233
Range Resources
RRC
$9.28B
| $941K | ﹤0.01% |
140,401
+130,031
| +1,254% | +$955K |
|
2234
Molson Coors Class B
TAP
$7.93B
| $940K | ﹤0.01% |
20,793
+2,711
| +15% | +$112K |
|
|
FPL
2235
DELISTED
FIRST TRUST NEW OPPORTUNITIES MLP & ENERGY FUND
FPL
| $939K | ﹤0.01% |
220,003
+6,802
| +3% | +$28K |
|
|
SCPL
2236
DELISTED
SciPlay Corporation Class A Common Stock
SCPL
| $939K | ﹤0.01% |
67,766
+10,344
| +18% | +$150K |
|
2237
Barron's 400 ETF
BFOR
$240M
| $938K | ﹤0.01% |
75,392
+13,708
| +22% | +$159K |
|
|
DBS
2238
DELISTED
Invesco DB Silver Fund
DBS
| $938K | ﹤0.01% |
25,098
+4,147
| +20% | +$144K |
|
2239
Sonos
SONO
$1.94B
| $937K | ﹤0.01% |
40,074
+26,790
| +202% | +$499K |
|
|
JHS
2240
John Hancock Income Securities Trust
JHS
$127M
| $935K | ﹤0.01% |
59,465
+9,729
| +20% | +$151K |
|
2241
WisdomTree Emerging Markets Corporate Bond Fund
EMCB
$98.8M
| $934K | ﹤0.01% |
12,127
+708
| +6% | +$53.3K |
|
2242
First Industrial Realty Trust
FR
$8.5B
| $933K | ﹤0.01% |
22,146
+12,358
| +126% | +$517K |
|
2243
Bright Horizons
BFAM
$3.98B
| $932K | ﹤0.01% |
5,387
+1,591
| +42% | +$260K |
|
2244
AptarGroup
ATR
$8.66B
| $931K | ﹤0.01% |
6,803
+1,015
| +18% | +$126K |
|
2245
Incyte
INCY
$24.4B
| $931K | ﹤0.01% |
10,702
+1,525
| +17% | +$132K |
|
2246
CRH
CRH
$65.8B
| $930K | ﹤0.01% |
21,838
+63
| +0.3% | +$2.48K |
|
2247
Glacier Bancorp
GBCI
$6.63B
| $928K | ﹤0.01% |
20,177
+119
| +0.6% | +$4.81K |
|
|
KW
2248
DELISTED
Kennedy-Wilson Holdings
KW
| $928K | ﹤0.01% |
51,850
-9,691
| -16% | -$152K |
|
2249
Vident US Bond Strategy ETF
VBND
$526M
| $928K | ﹤0.01% |
17,873
+886
| +5% | +$46K |
|
2250
Golub Capital BDC
GBDC
$3.41B
| $926K | ﹤0.01% |
65,519
+11,924
| +22% | +$163K |
|
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.