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 |
Vanguard Total Bond Market
BND
|
+$513M |
| 2 |
iShares Core MSCI EAFE ETF
IEFA
|
+$372M |
| 3 |
Dimensional US Core Equity 2 ETF
DFAC
|
+$352M |
| 4 |
iShares Russell 1000 ETF
IWB
|
+$303M |
| 5 |
iShares Core MSCI Emerging Markets ETF
IEMG
|
+$156M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
iShares iBoxx $ Investment Grade Corporate Bond ETF
LQD
|
+$146M |
| 2 |
Goldman Sachs ActiveBeta US Large Cap Equity ETF
GSLC
|
+$118M |
| 3 |
iShares Global Tech ETF
IXN
|
+$79.3M |
| 4 |
iShares US Medical Devices ETF
IHI
|
+$74.6M |
| 5 |
iShares MSCI USA Min Vol Factor ETF
USMV
|
+$74.4M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 6.27% |
| 2 | Financials | 3.12% |
| 3 | Consumer Discretionary | 3.1% |
| 4 | Healthcare | 2.67% |
| 5 | Communication Services | 2.43% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
251
VanEck Semiconductor ETF
SMH
$64B
| $71.3M | 0.07% |
543,678
+27,310
| +5% | +$3.37M |
|
252
First Trust NASDAQ Cybersecurity ETF
CIBR
$14B
| $70.9M | 0.07% |
1,516,298
+272,953
| +22% | +$12.1M |
|
253
Kimberly-Clark
KMB
$37.7B
| $70.6M | 0.07% |
527,552
+20,787
| +4% | +$2.77M |
|
254
First Trust Mid Cap Core AlphaDEX Fund
FNX
$1.39B
| $70.5M | 0.07% |
704,322
+59,865
| +9% | +$5.87M |
|
255
ServiceNow
NOW
$115B
| $69.9M | 0.07% |
636,325
+75,580
| +13% | +$7.66M |
|
256
Vanguard Consumer Discretionary ETF
VCR
$6B
| $69.5M | 0.07% |
221,398
+5,055
| +2% | +$1.55M |
|
257
Blackstone
BX
$106B
| $69M | 0.07% |
710,818
+83,630
| +13% | +$7.43M |
|
258
Duke Energy
DUK
$102B
| $68.7M | 0.07% |
696,034
+47,033
| +7% | +$4.72M |
|
259
Invesco Actively Managed Exch-Traded Commodity Fd Tr Invesco Optimum Yield Diversified Commodity Strategy No K-1 ETF
PDBC
$6.19B
| $68.7M | 0.07% |
3,417,627
+2,325,970
| +213% | +$44.2M |
|
260
VanEck Gold Miners ETF
GDX
$22.8B
| $68M | 0.07% |
2,001,496
+192,262
| +11% | +$7.02M |
|
261
Honeywell
HON
$78.6B
| $67.9M | 0.07% |
328,370
+3,667
| +1% | +$775K |
|
262
Invesco Total Return Bond ETF
GTO
$2.42B
| $67.6M | 0.07% |
1,184,362
+446,935
| +61% | +$25.3M |
|
263
WisdomTree Yield Enhanced US Aggregate Bond Fund
AGGY
$925M
| $67.3M | 0.07% |
1,288,473
-23,271
| -2% | -$1.21M |
|
264
Vanguard Consumer Staples ETF
VDC
$8.15B
| $67.2M | 0.07% |
368,125
-10,342
| -3% | -$1.89M |
|
265
State Street SPDR Portfolio Corporate Bond ETF
SPBO
$2.1B
| $67.1M | 0.07% |
1,895,553
+371,685
| +24% | +$13M |
|
266
Union Pacific
UNP
$176B
| $67M | 0.07% |
304,594
+23,607
| +8% | +$5.26M |
|
267
Pacer Trendpilot US Large Cap ETF
PTLC
$3.24B
| $67M | 0.07% |
1,781,069
+33,871
| +2% | +$1.24M |
|
268
iShares Russell Top 200 Growth ETF
IWY
$15.6B
| $66.3M | 0.07% |
440,304
+29,903
| +7% | +$4.28M |
|
269
Crown Castle
CCI
$33.7B
| $66M | 0.07% |
338,211
-15,787
| -4% | -$2.96M |
|
270
First Trust NASDAQ Clean Edge Green Energy Index Fund
QCLN
$587M
| $65.7M | 0.07% |
948,918
-57,756
| -6% | -$3.67M |
|
271
Wells Fargo
WFC
$263B
| $65.4M | 0.07% |
1,443,855
-19,661
| -1% | -$878K |
|
|
SCHV
272
Schwab US Large-Cap Value ETF
SCHV
$15.8B
| $65.3M | 0.07% |
2,867,289
+380,412
| +15% | +$8.63M |
|
273
VanEck Intermediate Muni ETF
ITM
$2.15B
| $65.1M | 0.07% |
1,255,951
+1,073,584
| +589% | +$55.5M |
|
274
State Street SPDR Nuveen ICE Municipal Bond ETF
TFI
$3.06B
| $63.8M | 0.06% |
1,224,477
+65,490
| +6% | +$3.41M |
|
275
iShares 20+ Year Treasury Bond ETF
TLT
$43.1B
| $63.6M | 0.06% |
440,641
-11,251
| -2% | -$1.57M |
|
Similar funds
LPL Financial's Q2 2021 Portfolio in Review
As of Q2 2021, LPL Financial held 4,382 positions worth $98.9B, up 14% from $87B the previous quarter. Its ten largest holdings account for 19% of the portfolio.
LPL Financial deployed $6.65B of net new capital in Q2 2021, opening 313 new positions and adding to 2,646 existing holdings. Its largest new stake was Dimensional US Core Equity 2 ETF: 13,232,262 shares worth $357M.
By sector, the portfolio is most concentrated in Technology at 6.3% of assets, up from 6% a quarter earlier, followed by Financials and Consumer Discretionary.
On the sell side, the largest reduction was iShares iBoxx $ Investment Grade Corporate Bond ETF, an estimated $146M trimmed.
- LPL Financial's largest Q2 2021 buy was Dimensional US Core Equity 2 ETF: 13,232,262 shares worth $357M.
- LPL Financial added most to Vanguard Total Bond Market in Q2 2021, an estimated $513M increase.
- LPL Financial's biggest Q2 2021 reduction was iShares iBoxx $ Investment Grade Corporate Bond ETF, cutting an estimated $146M.
- LPL Financial fully exited FS KKR Capital Corp. II in Q2 2021, selling an estimated $30.9M.
- LPL Financial's ten largest holdings make up 19% of its $98.9B portfolio in Q2 2021.
- LPL Financial opened 313 new positions and closed 164 in Q2 2021.
- LPL Financial's portfolio value rose 14% quarter-over-quarter to $98.9B.
Based on LPL Financial's 13F filing for Q2 2021, filed 13 Aug 2021.