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 | |
|---|---|---|---|---|---|---|
351
State Street SPDR Portfolio High Yield Bond ETF
SPHY
$11.5B
| $48.7M | 0.05% |
1,818,578
+810,311
| +80% | +$21.7M |
|
352
Xtrackers MSCI EAFE Hedged Equity ETF
DBEF
$9.1B
| $48.2M | 0.05% |
1,277,201
+162,851
| +15% | +$6.21M |
|
353
Invesco S&P 500 Equal Weight Industrials ETF
RSPN
$1.07B
| $48.2M | 0.05% |
1,320,375
+42,700
| +3% | +$1.62M |
|
354
First Trust NYSE Arca Biotechnology Index Fund
FBT
$2.84B
| $47.5M | 0.04% |
285,932
-25,790
| -8% | -$4.41M |
|
355
Citigroup
C
$213B
| $47.4M | 0.04% |
675,011
-29,115
| -4% | -$2.04M |
|
356
First Trust Small Cap Core AlphaDEX Fund
FYX
$1.36B
| $47.4M | 0.04% |
517,402
-105,290
| -17% | -$9.62M |
|
357
Invesco S&P MidCap Low Volatility ETF
XMLV
$762M
| $46.6M | 0.04% |
887,143
+3,318
| +0.4% | +$180K |
|
358
State Street SPDR Nuveen ICE Short Term Municipal Bond ETF
SHM
$3.47B
| $46.6M | 0.04% |
943,125
-209,896
| -18% | -$10.4M |
|
359
Vanguard Morningstar Mega Cap ETF
MGC
$9.71B
| $45.9M | 0.04% |
300,961
+33,099
| +12% | +$5.2M |
|
360
Realty Income
O
$61.1B
| $45.8M | 0.04% |
729,495
+55,158
| +8% | +$3.72M |
|
361
American Tower
AMT
$83.5B
| $45.7M | 0.04% |
172,154
+19,784
| +13% | +$5.64M |
|
362
State Street SPDR Portfolio Short Term Treasury ETF
SPTS
$6.1B
| $45.6M | 0.04% |
1,488,236
-233,488
| -14% | -$7.16M |
|
363
Intuitive Surgical
ISRG
$127B
| $44.7M | 0.04% |
134,991
+17,322
| +15% | +$5.82M |
|
364
Schwab US Mid-Cap ETF
SCHM
$14.2B
| $44.4M | 0.04% |
1,736,589
+190,362
| +12% | +$4.97M |
|
365
W.P. Carey
WPC
$17B
| $44.3M | 0.04% |
619,141
+33,493
| +6% | +$2.55M |
|
366
State Street SPDR S&P Homebuilders ETF
XHB
$1.61B
| $44.3M | 0.04% |
617,217
+20,441
| +3% | +$1.54M |
|
367
iShares US Basic Materials ETF
IYM
$1.13B
| $44.2M | 0.04% |
355,025
+260,641
| +276% | +$34M |
|
368
Schwab U.S Small- Cap ETF
SCHA
$21.8B
| $44.2M | 0.04% |
1,765,276
+104,072
| +6% | +$2.64M |
|
369
Northrop Grumman
NOC
$76B
| $44M | 0.04% |
122,059
+5,943
| +5% | +$2.15M |
|
370
Invesco S&P 500 Revenue ETF
RWL
$9.57B
| $43.9M | 0.04% |
603,660
-214,195
| -26% | -$16M |
|
371
CrowdStrike
CRWD
$183B
| $43.9M | 0.04% |
714,372
+58,436
| +9% | +$3.77M |
|
372
Goldman Sachs MarketBeta US Equity ETF
GSUS
$3.09B
| $43.3M | 0.04% |
721,482
+42,119
| +6% | +$2.6M |
|
373
State Street SPDR Portfolio S&P 500 High Dividend ETF
SPYD
$7.76B
| $43.1M | 0.04% |
1,101,016
+79,599
| +8% | +$3.17M |
|
374
Invesco S&P 500 High Dividend Low Volatility ETF
SPHD
$3.41B
| $43M | 0.04% |
1,015,120
+84,370
| +9% | +$3.69M |
|
375
American Express
AXP
$224B
| $42.7M | 0.04% |
254,798
-13,761
| -5% | -$2.3M |
|
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.