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 | |
|---|---|---|---|---|---|---|
326
US Global Jets ETF
JETS
$790M
| $51.6M | 0.05% |
2,134,455
-28,128
| -1% | -$735K |
|
327
Danaher
DHR
$140B
| $51M | 0.05% |
214,400
+36,174
| +20% | +$8.02M |
|
328
iShares MSCI Global Min Vol Factor ETF
ACWV
$3.33B
| $51M | 0.05% |
495,869
-3,451
| -0.7% | -$353K |
|
329
iShares Expanded Tech-Software Sector ETF
IGV
$12.3B
| $50.7M | 0.05% |
650,350
-86,320
| -12% | -$6.26M |
|
330
WisdomTree US MidCap Dividend Fund
DON
$4.08B
| $49.9M | 0.05% |
1,188,901
+99,465
| +9% | +$4.21M |
|
331
Citigroup
C
$222B
| $49.8M | 0.05% |
704,126
+75,521
| +12% | +$5.59M |
|
332
PUT
State Street SPDR S&P 500 ETF Trust
SPY
$783B
| $49.4M | 0.05% |
115,300
-169,700
| -60% | -$70.8M |
|
333
Vanguard Russell 2000 ETF
VTWO
$17.5B
| $49.2M | 0.05% |
531,649
+23,185
| +5% | +$2.11M |
|
334
Ford
F
$59.6B
| $49.2M | 0.05% |
3,310,912
+1,081,282
| +48% | +$14.4M |
|
335
Invesco NASDAQ 100 ETF
QQQM
$94.9B
| $49.1M | 0.05% |
337,113
+66,800
| +25% | +$9.23M |
|
336
Vanguard Russell 1000 Value ETF
VONV
$20.7B
| $49.1M | 0.05% |
705,031
+237,051
| +51% | +$16.5M |
|
337
State Street SPDR S&P 400 Mid Cap Growth ETF
MDYG
$2.83B
| $49M | 0.05% |
632,527
+4,345
| +0.7% | +$334K |
|
338
Alerian MLP ETF
AMLP
$12.9B
| $48.6M | 0.05% |
1,334,975
+85,115
| +7% | +$2.92M |
|
339
State Street SPDR S&P 400 Mid Cap Value ETF
MDYV
$2.79B
| $48.4M | 0.05% |
716,247
-193,544
| -21% | -$13.3M |
|
340
State Street SPDR Bloomberg 1-3 Month T-Bill ETF
BIL
$47.1B
| $48.1M | 0.05% |
526,094
+53,187
| +11% | +$4.87M |
|
341
Invesco S&P 500 Equal Weight Industrials ETF
RSPN
$1.1B
| $47.7M | 0.05% |
1,277,675
+1,180,205
| +1,211% | +$43.9M |
|
342
Invesco FTSE RAFI US 1000 ETF
PRF
$9.82B
| $47.5M | 0.05% |
1,481,740
-46,185
| -3% | -$1.47M |
|
343
Invesco S&P MidCap Low Volatility ETF
XMLV
$766M
| $47.3M | 0.05% |
883,825
-88,844
| -9% | -$4.8M |
|
344
Invesco Russell 1000 Dynamic Multifactor ETF
OMFL
$4.74B
| $47.2M | 0.05% |
1,008,805
+185,265
| +22% | +$8.57M |
|
345
Vanguard Financials ETF
VFH
$13.6B
| $47M | 0.05% |
519,683
-70,496
| -12% | -$6.37M |
|
346
Automatic Data Processing
ADP
$106B
| $46.9M | 0.05% |
236,290
+14,790
| +7% | +$2.87M |
|
347
Vanguard International Dividend Appreciation ETF
VIGI
$9.04B
| $46.6M | 0.05% |
532,410
+81,346
| +18% | +$7.03M |
|
348
Roku
ROKU
$21.3B
| $46.1M | 0.05% |
100,282
+3,737
| +4% | +$1.32M |
|
349
Quadratic Interest Rate Volatility and Inflation Hedge ETF
IVOL
$271M
| $45.9M | 0.05% |
1,663,595
-349,164
| -17% | -$9.94M |
|
350
Lam Research
LRCX
$337B
| $45.7M | 0.05% |
702,820
+129,470
| +23% | +$8.17M |
|
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.