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 | |
|---|---|---|---|---|---|---|
|
MILE
3326
DELISTED
Metromile, Inc. Common Stock
MILE
| $411K | ﹤0.01% |
44,931
+10,057
| +29% | +$90K |
|
|
ALE
3327
DELISTED
Allete
ALE
| $410K | ﹤0.01% |
5,857
-497
| -8% | -$34.6K |
|
3328
RPAR Risk Parity ETF
RPAR
$573M
| $410K | ﹤0.01% |
16,794
-42,405
| -72% | -$1.01M |
|
|
MIME
3329
DELISTED
Mimecast Limited
MIME
| $410K | ﹤0.01% |
7,732
-191
| -2% | -$8.97K |
|
|
REGI
3330
DELISTED
Renewable Energy Group, Inc.
REGI
| $410K | ﹤0.01% |
6,576
+3,323
| +102% | +$207K |
|
3331
NOV
NOV
$6.93B
| $409K | ﹤0.01% |
26,667
-11,590
| -30% | -$180K |
|
|
SPTN
3332
DELISTED
SpartanNash
SPTN
| $409K | ﹤0.01% |
21,181
+532
| +3% | +$10.6K |
|
3333
Trinity Industries
TRN
$2.73B
| $408K | ﹤0.01% |
15,181
+352
| +2% | +$9.93K |
|
3334
Invesco DB Energy Fund
DBE
$89.6M
| $406K | ﹤0.01% |
26,067
+4,199
| +19% | +$60.7K |
|
3335
Nuveen New York Municipal Value Fund
NNY
$156M
| $406K | ﹤0.01% |
+40,323
| New | +$396K |
|
|
ESHY
3336
DELISTED
Xtrackers J.P. Morgan ESG USD High Yield Corporate Bond ETF
ESHY
| $406K | ﹤0.01% |
19,043
+6,853
| +56% | +$145K |
|
3337
News Corp Class A
NWSA
$15.2B
| $405K | ﹤0.01% |
15,725
+1,096
| +7% | +$28.9K |
|
|
TMX
3338
DELISTED
Terminix Global Holdings, Inc.
TMX
| $405K | ﹤0.01% |
8,493
-3,735
| -31% | -$183K |
|
3339
California Water Service
CWT
$3.02B
| $404K | ﹤0.01% |
7,277
+1,204
| +20% | +$69.5K |
|
|
KREF
3340
KKR Real Estate Finance Trust
KREF
$453M
| $404K | ﹤0.01% |
+18,700
| New | +$392K |
|
3341
NMI Holdings
NMIH
$3.3B
| $404K | ﹤0.01% |
17,958
+148
| +0.8% | +$3.53K |
|
3342
Invesco S&P SmallCap Consumer Staples ETF
PSCC
$38.6M
| $404K | ﹤0.01% |
11,343
+543
| +5% | +$18.9K |
|
3343
Paysafe
PSFE
$434M
| $403K | ﹤0.01% |
2,774
+190
| +7% | +$28.5K |
|
3344
Rayonier
RYN
$6.43B
| $403K | ﹤0.01% |
12,350
-904
| -7% | -$29.7K |
|
3345
ESCO Technologies
ESE
$8.07B
| $402K | ﹤0.01% |
4,281
+524
| +14% | +$52.8K |
|
3346
Telephone and Data Systems
TDS
$3.82B
| $401K | ﹤0.01% |
17,695
-648
| -4% | -$15.8K |
|
3347
Tenet Healthcare
THC
$21.8B
| $401K | ﹤0.01% |
5,990
+1,332
| +29% | +$82.6K |
|
3348
First Trust Japan AlphaDEX Fund
FJP
$250M
| $400K | ﹤0.01% |
7,809
-4,098
| -34% | -$216K |
|
3349
Webster Financial
WBS
$12.5B
| $400K | ﹤0.01% |
7,490
-1,443
| -16% | -$80K |
|
3350
Xtrackers MSCI EAFE High Dividend Yield Equity ETF
HDEF
$2.36B
| $399K | ﹤0.01% |
16,439
+747
| +5% | +$18.5K |
|
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.