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 | |
|---|---|---|---|---|---|---|
401
Vanguard Long-Term Corporate Bond ETF
VCLT
$8.91B
| $35.8M | 0.04% |
334,712
+16,506
| +5% | +$1.71M |
|
402
Uber
UBER
$144B
| $35.7M | 0.04% |
712,877
+80,261
| +13% | +$4.19M |
|
403
Emerson Electric
EMR
$85B
| $35.7M | 0.04% |
370,723
+62,412
| +20% | +$5.87M |
|
404
Elevance Health
ELV
$83.7B
| $35.7M | 0.04% |
93,420
+6,723
| +8% | +$2.57M |
|
405
Invesco Leisure and Entertainment ETF
PEJ
$263M
| $35.5M | 0.04% |
678,792
+35,433
| +6% | +$1.69M |
|
406
Twilio
TWLO
$29.5B
| $35.3M | 0.04% |
89,436
+8,233
| +10% | +$2.86M |
|
407
Shift4
FOUR
$4.35B
| $35.2M | 0.04% |
375,300
+360,915
| +2,509% | +$34.1M |
|
408
Invesco Solar ETF
TAN
$1.41B
| $35.1M | 0.04% |
392,886
-35,480
| -8% | -$2.89M |
|
409
Dow Inc
DOW
$20.8B
| $35M | 0.04% |
552,807
+167,077
| +43% | +$11M |
|
410
WisdomTree US Total Dividend Fund
DTD
$1.66B
| $35M | 0.04% |
590,316
-258,866
| -30% | -$15.2M |
|
411
Invesco BuyBack Achievers ETF
PKW
$1.73B
| $34.9M | 0.04% |
386,555
+18,990
| +5% | +$1.69M |
|
412
iShares California Muni Bond ETF
CMF
$4.56B
| $34.8M | 0.04% |
556,098
+37,344
| +7% | +$2.33M |
|
413
Invesco Dorsey Wright Momentum ETF
PDP
$1.42B
| $34.7M | 0.04% |
387,273
-78,747
| -17% | -$6.82M |
|
414
Colgate-Palmolive
CL
$74.2B
| $34.4M | 0.03% |
422,420
+25,205
| +6% | +$2.06M |
|
415
iShares MSCI Emerging Markets Min Vol Factor ETF
EEMV
$3.41B
| $34.3M | 0.03% |
533,943
+14,844
| +3% | +$947K |
|
416
iShares MSCI Japan ETF
EWJ
$21.3B
| $34.3M | 0.03% |
507,170
-812,533
| -62% | -$55.6M |
|
417
Clorox
CLX
$12.1B
| $34.1M | 0.03% |
189,542
+5,442
| +3% | +$993K |
|
418
iShares MSCI EAFE Small-Cap ETF
SCZ
$13.2B
| $33.8M | 0.03% |
455,413
-624,927
| -58% | -$46.9M |
|
419
CSX Corp
CSX
$94.2B
| $33.7M | 0.03% |
1,066,460
+60,515
| +6% | +$2M |
|
420
Goldman Sachs ActiveBeta Emerging Markets Equity ETF
GEM
$1.63B
| $33.3M | 0.03% |
817,040
+63,324
| +8% | +$2.56M |
|
421
Vanguard S&P 500 Value ETF
VOOV
$6.67B
| $33.2M | 0.03% |
232,870
+31,448
| +16% | +$4.48M |
|
422
American Electric Power
AEP
$72.4B
| $33.2M | 0.03% |
392,652
+83,503
| +27% | +$7.19M |
|
423
Vanguard Intermediate-Term Treasury ETF
VGIT
$41.8B
| $33M | 0.03% |
486,792
-131,290
| -21% | -$8.89M |
|
|
IBDN
424
DELISTED
iShares iBonds Dec 2022 Term Corporate ETF
IBDN
| $32.8M | 0.03% |
1,291,082
+80,637
| +7% | +$2.05M |
|
425
Mercado Libre
MELI
$94.4B
| $32.7M | 0.03% |
21,003
+652
| +3% | +$957K |
|
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.