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 | |
|---|---|---|---|---|---|---|
|
OXLC
3426
Oxford Lane Capital
OXLC
$876M
| $365K | ﹤0.01% |
9,861
-41,121
| -81% | -$1.44M |
|
3427
Qfin Holdings
QFIN
$1.69B
| $365K | ﹤0.01% |
+8,733
| New | +$266K |
|
3428
AudioCodes
AUDC
$235M
| $364K | ﹤0.01% |
10,992
+627
| +6% | +$20K |
|
3429
Duluth Holdings
DLTH
$154M
| $364K | ﹤0.01% |
17,632
-27,303
| -61% | -$450K |
|
3430
Genpact
G
$5.99B
| $364K | ﹤0.01% |
8,021
-385
| -5% | -$17.4K |
|
3431
Graham Holdings Company
GHC
$5.28B
| $364K | ﹤0.01% |
+574
| New | +$370K |
|
3432
MVB Financial
MVBF
$394M
| $364K | ﹤0.01% |
8,522
-976
| -10% | -$39.8K |
|
3433
OceanFirst Financial
OCFC
$1.71B
| $364K | ﹤0.01% |
17,481
| – | – |
|
3434
Ligand Pharmaceuticals
LGND
$5.94B
| $363K | ﹤0.01% |
4,436
+151
| +4% | +$12.6K |
|
3435
TFS Financial
TFSL
$5.06B
| $363K | ﹤0.01% |
17,901
+5,903
| +49% | +$123K |
|
3436
Minerals Technologies
MTX
$2.25B
| $362K | ﹤0.01% |
4,599
+1,822
| +66% | +$147K |
|
|
PBT
3437
Permian Basin Royalty Trust
PBT
$1.39B
| $362K | ﹤0.01% |
64,397
+1,069
| +2% | +$4.66K |
|
|
RCS
3438
PIMCO Strategic Income Fund
RCS
$243M
| $362K | ﹤0.01% |
47,577
+4,273
| +10% | +$32.4K |
|
3439
Schwab 5-10 Year Corporate Bond ETF
SCHI
$11.5B
| $362K | ﹤0.01% |
13,756
+5,852
| +74% | +$152K |
|
|
BLUE
3440
DELISTED
bluebird bio
BLUE
| $361K | ﹤0.01% |
+871
| New | +$345K |
|
3441
Franklin International Core Dividend Tilt Index ETF
DIVI
$2.72B
| $361K | ﹤0.01% |
12,849
+145
| +1% | +$4K |
|
3442
Pacer Developed Markets International Cash Cows 100 ETF
ICOW
$1.83B
| $361K | ﹤0.01% |
11,076
+2,643
| +31% | +$86.5K |
|
3443
Stepan Co
SCL
$1.48B
| $361K | ﹤0.01% |
2,999
+1,044
| +53% | +$137K |
|
3444
Costamare
CMRE
$1.87B
| $360K | ﹤0.01% |
30,500
+1,400
| +5% | +$15.1K |
|
|
ETB
3445
Eaton Vance Tax-Managed Buy-Write Income Fund
ETB
$449M
| $360K | ﹤0.01% |
21,451
+3,460
| +19% | +$56.3K |
|
3446
Virtus Biotech ETF
BBP
$96.5M
| $359K | ﹤0.01% |
6,730
-446
| -6% | -$23.5K |
|
3447
Vroom Inc
VRM
$35.9M
| $359K | ﹤0.01% |
+107
| New | +$364K |
|
3448
iShares iBonds Dec 2028 Term Muni Bond ETF
IBMQ
$657M
| $358K | ﹤0.01% |
13,048
-11,651
| -47% | -$319K |
|
|
RESE
3449
DELISTED
WisdomTree Emerging Markets ESG Fund
RESE
| $358K | ﹤0.01% |
9,115
-1,250
| -12% | -$48.5K |
|
3450
Trip.com Group
TCOM
$29.3B
| $357K | ﹤0.01% |
10,068
+2,806
| +39% | +$107K |
|
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.