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 | |
|---|---|---|---|---|---|---|
501
First Trust Small Cap Value AlphaDEX Fund
FYT
$194M
| $25.6M | 0.03% |
501,918
+178,036
| +55% | +$9.24M |
|
502
Berkshire Hathaway Class A
BRK.A
$1.1T
| $25.5M | 0.03% |
61
-7
| -10% | -$2.94M |
|
503
Fidelity Nasdaq Composite Index ETF
ONEQ
$10.2B
| $25.4M | 0.03% |
450,907
+777
| +0.2% | +$41.8K |
|
504
Vanguard S&P Small-Cap 600 ETF
VIOO
$4.18B
| $25.3M | 0.03% |
243,842
+23,284
| +11% | +$2.38M |
|
505
Amplify Cybersecurity ETF
HACK
$2.65B
| $25.3M | 0.03% |
416,842
+20,416
| +5% | +$1.19M |
|
|
IBDP
506
DELISTED
iShares iBonds Dec 2024 Term Corporate ETF
IBDP
| $25.3M | 0.03% |
957,929
+102,481
| +12% | +$2.71M |
|
507
First Trust North American Energy Infrastructure Fund
EMLP
$4.14B
| $25.2M | 0.03% |
1,028,878
+69,655
| +7% | +$1.69M |
|
508
iShares US Financial Services ETF
IYG
$2.18B
| $25.1M | 0.03% |
407,280
+63,384
| +18% | +$3.87M |
|
509
State Street SPDR Nuveen ICE High Yield Municipal Bond ETF
HYMB
$3.1B
| $25.1M | 0.03% |
826,712
+36,340
| +5% | +$1.09M |
|
510
Constellation Brands
STZ
$22.5B
| $24.9M | 0.03% |
106,316
+1,669
| +2% | +$392K |
|
511
Enterprise Products Partners
EPD
$83.6B
| $24.9M | 0.03% |
1,030,400
+43,912
| +4% | +$1.04M |
|
512
Invesco Financial Preferred ETF
PGF
$676M
| $24.7M | 0.03% |
1,280,621
-1,284
| -0.1% | -$24.4K |
|
513
L3Harris
LHX
$56.9B
| $24.7M | 0.03% |
114,281
+17,828
| +18% | +$3.83M |
|
514
Eaton
ETN
$150B
| $24.7M | 0.02% |
166,512
+19,668
| +13% | +$2.83M |
|
515
ConocoPhillips
COP
$139B
| $24.6M | 0.02% |
404,002
+87,032
| +27% | +$4.85M |
|
516
Global X Robotics & Artificial Intelligence ETF
BOTZ
$3.17B
| $24.6M | 0.02% |
702,523
+50,695
| +8% | +$1.74M |
|
517
Invesco S&P SmallCap Value with Momentum ETF
XSVM
$684M
| $24.6M | 0.02% |
483,946
+59,922
| +14% | +$3.02M |
|
518
iShares JPMorgan EM High Yield Bond ETF
EMHY
$620M
| $24.5M | 0.02% |
535,470
+59,475
| +12% | +$2.7M |
|
519
Edwards Lifesciences
EW
$48.2B
| $24.3M | 0.02% |
234,752
+1,749
| +0.8% | +$165K |
|
520
MetLife
MET
$62.7B
| $24.3M | 0.02% |
406,224
+74,865
| +23% | +$4.74M |
|
521
iShares MSCI Taiwan ETF
EWT
$9.59B
| $24.3M | 0.02% |
379,736
+244,287
| +180% | +$15.2M |
|
522
Fidelity National Information Services
FIS
$23.2B
| $24.2M | 0.02% |
171,096
+9,321
| +6% | +$1.38M |
|
523
Invesco S&P 500 Equal Weight Consumer Staples ETF
RSPS
$254M
| $24.2M | 0.02% |
752,015
-71,715
| -9% | -$2.33M |
|
524
VanEck Oil Services ETF
OIH
$1.99B
| $24.1M | 0.02% |
110,262
+62,695
| +132% | +$13.1M |
|
525
iShares CMBS ETF
CMBS
$474M
| $24.1M | 0.02% |
443,791
+45,381
| +11% | +$2.46M |
|
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.