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 | |
|---|---|---|---|---|---|---|
301
Medtronic
MDT
$111B
| $57.4M | 0.06% |
462,548
+25,767
| +6% | +$3.24M |
|
302
State Street SPDR Nuveen ICE Short Term Municipal Bond ETF
SHM
$3.46B
| $57.1M | 0.06% |
1,153,021
+129,285
| +13% | +$6.41M |
|
303
First Trust Large Cap Value AlphaDEX Fund
FTA
$1.41B
| $56.9M | 0.06% |
867,287
+155,898
| +22% | +$10.3M |
|
304
Enbridge
ENB
$121B
| $56.3M | 0.06% |
1,406,137
+143,035
| +11% | +$5.54M |
|
305
iShares S&P 100 ETF
OEF
$19.9B
| $56.3M | 0.06% |
286,758
+666
| +0.2% | +$127K |
|
306
Deere & Co
DE
$172B
| $56.1M | 0.06% |
159,171
+7,355
| +5% | +$2.68M |
|
307
iShares US Healthcare ETF
IYH
$3.46B
| $55.9M | 0.06% |
1,023,505
-3,350
| -0.3% | -$177K |
|
308
Vanguard Tax-Exempt Bond Index Fund
VTEB
$45.3B
| $55.5M | 0.06% |
1,003,721
+150,872
| +18% | +$8.31M |
|
309
Altria Group
MO
$125B
| $55.4M | 0.06% |
1,161,249
+52,027
| +5% | +$2.56M |
|
310
iShares 0-1 Year Treasury Bond ETF
SHV
$20.8B
| $54.9M | 0.06% |
496,443
-289,884
| -37% | -$32M |
|
311
First Trust Morningstar Dividend Leaders Index Fund
FDL
$7.91B
| $54.8M | 0.06% |
1,650,778
+97,001
| +6% | +$3.29M |
|
312
Goldman Sachs
GS
$306B
| $54.4M | 0.06% |
143,366
+11,015
| +8% | +$3.94M |
|
313
State Street SPDR MSCI USA StrategicFactors ETF
QUS
$1.54B
| $54.4M | 0.06% |
455,247
-62,009
| -12% | -$7.22M |
|
314
State Street SPDR S&P Oil & Gas Exploration & Production ETF
XOP
$3.44B
| $54.3M | 0.05% |
561,203
+223,981
| +66% | +$19.6M |
|
315
Oracle
ORCL
$350B
| $54.3M | 0.05% |
697,096
+45,979
| +7% | +$3.6M |
|
316
First Trust NYSE Arca Biotechnology Index Fund
FBT
$2.85B
| $53.8M | 0.05% |
311,722
-21,268
| -6% | -$3.51M |
|
317
FedEx
FDX
$73.7B
| $53.7M | 0.05% |
180,139
+19,374
| +12% | +$5.75M |
|
318
First Trust Smith Unconstrained Bond ETF
UCON
$3.27B
| $53.2M | 0.05% |
1,994,417
+317,141
| +19% | +$8.45M |
|
319
Pacer Trendpilot US Bond ETF
PTBD
$85.2M
| $52.9M | 0.05% |
1,907,693
+280,951
| +17% | +$7.73M |
|
320
First Trust Technology AlphaDEX Fund
FXL
$2.45B
| $52.8M | 0.05% |
425,273
-12,297
| -3% | -$1.46M |
|
321
State Street SPDR Portfolio Short Term Treasury ETF
SPTS
$6.1B
| $52.8M | 0.05% |
1,721,724
+2,172
| +0.1% | +$66.6K |
|
322
Morgan Stanley
MS
$332B
| $52.4M | 0.05% |
571,665
+158,775
| +38% | +$13.6M |
|
323
GS ActiveBeta US Small Cap Equity ETF
GSSC
$1.05B
| $52.1M | 0.05% |
801,700
+36,411
| +5% | +$2.32M |
|
324
State Street SPDR Bloomberg Short Term High Yield Bond ETF
SJNK
$4.88B
| $52M | 0.05% |
1,886,330
+369,715
| +24% | +$10.1M |
|
|
VPU
325
Vanguard Utilities ETF
VPU
$8.74B
| $51.9M | 0.05% |
374,212
+1,879
| +0.5% | +$269K |
|
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.