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 S&P 500 ETF
IVV
|
+$356M |
| 2 |
iShares ESG Aware MSCI USA ETF
ESGU
|
+$272M |
| 3 |
iShares TIPS Bond ETF
TIP
|
+$230M |
| 4 |
State Street SPDR S&P 500 ETF Trust
SPY
|
+$216M |
| 5 |
Invesco QQQ Trust
QQQ
|
+$189M |
Top Sells
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 6.29% |
| 2 | Financials | 3.14% |
| 3 | Consumer Discretionary | 3.03% |
| 4 | Healthcare | 2.67% |
| 5 | Communication Services | 2.4% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
301
Medtronic
MDT
$112B
| $62.7M | 0.06% |
500,584
+38,036
| +8% | +$4.92M |
|
302
Danaher
DHR
$138B
| $62.3M | 0.06% |
230,942
+16,542
| +8% | +$4.5M |
|
|
VPU
303
Vanguard Utilities ETF
VPU
$8.56B
| $61.6M | 0.06% |
442,868
+68,656
| +18% | +$10M |
|
304
Invesco S&P 500 High Beta ETF
SPHB
$934M
| $61.1M | 0.06% |
835,550
+59,021
| +8% | +$4.34M |
|
305
First Trust NASDAQ Clean Edge Green Energy Index Fund
QCLN
$569M
| $61M | 0.06% |
974,670
+25,752
| +3% | +$1.69M |
|
306
iShares US Healthcare ETF
IYH
$3.44B
| $60.9M | 0.06% |
1,103,130
+79,625
| +8% | +$4.55M |
|
307
Enbridge
ENB
$120B
| $60.5M | 0.06% |
1,520,795
+114,658
| +8% | +$4.52M |
|
308
iShares MSCI United Kingdom ETF
EWU
$4.1B
| $60.5M | 0.06% |
1,875,366
+94,241
| +5% | +$3.1M |
|
309
iShares Silver Trust
SLV
$27.7B
| $60M | 0.06% |
2,925,565
+406,742
| +16% | +$9.15M |
|
310
Goldman Sachs
GS
$289B
| $59.9M | 0.06% |
158,512
+15,146
| +11% | +$5.91M |
|
311
iShares ESG Optimized MSCI USA ETF
SUSA
$3.95B
| $59.8M | 0.06% |
623,654
+15,299
| +3% | +$1.51M |
|
312
PIMCO Active Bond Exchange-Traded Fund
BOND
$8.4B
| $59M | 0.06% |
533,828
+2,215
| +0.4% | +$247K |
|
313
Invesco FTSE RAFI US 1000 ETF
PRF
$9.72B
| $59M | 0.06% |
1,861,455
+379,715
| +26% | +$12.3M |
|
314
State Street SPDR MSCI USA StrategicFactors ETF
QUS
$1.52B
| $58.4M | 0.05% |
489,852
+34,605
| +8% | +$4.25M |
|
315
Alibaba
BABA
$276B
| $57.9M | 0.05% |
390,986
-20,289
| -5% | -$3.69M |
|
316
Moderna
MRNA
$21.6B
| $57.8M | 0.05% |
150,061
+24,239
| +19% | +$8.94M |
|
317
Deere & Co
DE
$165B
| $57.6M | 0.05% |
172,018
+12,847
| +8% | +$4.63M |
|
318
iShares MSCI Global Min Vol Factor ETF
ACWV
$3.34B
| $57.5M | 0.05% |
560,199
+64,330
| +13% | +$6.77M |
|
319
Altria Group
MO
$125B
| $57.5M | 0.05% |
1,262,161
+100,912
| +9% | +$4.87M |
|
320
State Street SPDR S&P 400 Mid Cap Value ETF
MDYV
$2.76B
| $57.3M | 0.05% |
865,658
+149,411
| +21% | +$10.1M |
|
321
Morgan Stanley
MS
$319B
| $57M | 0.05% |
586,016
+14,351
| +3% | +$1.42M |
|
322
iShares US Aerospace & Defense ETF
ITA
$14B
| $56.9M | 0.05% |
546,049
-22,577
| -4% | -$2.4M |
|
323
iShares Expanded Tech-Software Sector ETF
IGV
$12.4B
| $56.7M | 0.05% |
710,765
+60,415
| +9% | +$4.93M |
|
324
Union Pacific
UNP
$174B
| $56.4M | 0.05% |
287,581
-17,013
| -6% | -$3.67M |
|
325
iShares Short-Term National Muni Bond ETF
SUB
$11.3B
| $56.3M | 0.05% |
523,730
+237,682
| +83% | +$25.6M |
|
Similar funds
LPL Financial's Q3 2021 Portfolio in Review
As of Q3 2021, LPL Financial held 4,505 positions worth $106B, up 7.7% from $98.9B the previous quarter. Its ten largest holdings account for 19% of the portfolio.
LPL Financial deployed $9.03B of net new capital in Q3 2021, opening 283 new positions and adding to 2,835 existing holdings. Its largest new stake was Dimensional World ex US Core Equity 2 ETF: 4,232,890 shares worth $110M.
By sector, the portfolio is most concentrated in Technology at 6.3% of assets, up from 6.3% a quarter earlier, followed by Financials and Consumer Discretionary.
On the sell side, the largest reduction was Goldman Sachs ActiveBeta US Large Cap Equity ETF, an estimated $137M trimmed.
- LPL Financial's largest Q3 2021 buy was Dimensional World ex US Core Equity 2 ETF: 4,232,890 shares worth $110M.
- LPL Financial added most to iShares Core S&P 500 ETF in Q3 2021, an estimated $356M increase.
- LPL Financial's biggest Q3 2021 reduction was Goldman Sachs ActiveBeta US Large Cap Equity ETF, cutting an estimated $137M.
- LPL Financial fully exited At Home Group Inc. in Q3 2021, selling an estimated $7.42M.
- LPL Financial's ten largest holdings make up 19% of its $106B portfolio in Q3 2021.
- LPL Financial opened 283 new positions and closed 186 in Q3 2021.
- LPL Financial's portfolio value rose 7.7% quarter-over-quarter to $106B.
Based on LPL Financial's 13F filing for Q3 2021, filed 15 Nov 2021.