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 | |
|---|---|---|---|---|---|---|
526
State Street SPDR S&P 1500 Momentum Tilt ETF
MMTM
$158M
| $24.1M | 0.02% |
132,817
-8,880
| -6% | -$1.57M |
|
527
Novartis
NVS
$304B
| $24.1M | 0.02% |
264,123
-3,424
| -1% | -$305K |
|
528
T. Rowe Price
TROW
$26.1B
| $24M | 0.02% |
121,367
+1,937
| +2% | +$362K |
|
529
State Street SPDR MSCI EAFE StrategicFactors ETF
QEFA
$1.05B
| $24M | 0.02% |
317,196
+39,888
| +14% | +$3.01M |
|
530
British American Tobacco
BTI
$134B
| $24M | 0.02% |
609,991
+69,330
| +13% | +$2.71M |
|
531
BP
BP
$107B
| $23.9M | 0.02% |
905,084
+56,705
| +7% | +$1.49M |
|
532
Amplify Alternative Harvest ETF
MJ
$98.2M
| $23.9M | 0.02% |
96,768
+1,139
| +1% | +$287K |
|
533
Micron Technology
MU
$927B
| $23.8M | 0.02% |
280,433
+27,910
| +11% | +$2.36M |
|
534
Invesco National AMT-Free Municipal Bond ETF
PZA
$4.24B
| $23.5M | 0.02% |
862,471
+39,465
| +5% | +$1.07M |
|
535
Simon Property Group
SPG
$76.8B
| $23.5M | 0.02% |
180,039
+18,531
| +11% | +$2.3M |
|
536
Sea Limited
SE
$65.8B
| $23.5M | 0.02% |
85,508
+12,594
| +17% | +$3.2M |
|
|
SCHW
537
Charles Schwab
SCHW
$184B
| $23.4M | 0.02% |
321,924
+41,870
| +15% | +$2.96M |
|
538
iShares 0-5 Year Investment Grade Corporate Bond ETF
SLQD
$2.37B
| $23.4M | 0.02% |
451,065
+28,232
| +7% | +$1.46M |
|
539
First Trust Long/Short Equity ETF
FTLS
$2.46B
| $23.3M | 0.02% |
478,910
+21,402
| +5% | +$1.02M |
|
540
Aptiv
APTV
$12.6B
| $23.3M | 0.02% |
147,826
-6,923
| -4% | -$1.01M |
|
541
ProShares S&P MidCap 400 Dividend Aristocrats ETF
REGL
$1.78B
| $23.1M | 0.02% |
324,418
+26,416
| +9% | +$1.92M |
|
542
Invesco Senior Loan ETF
BKLN
$6.97B
| $23M | 0.02% |
1,039,533
-32,575
| -3% | -$723K |
|
|
FISV
543
Fiserv Inc
FISV
$28.9B
| $22.9M | 0.02% |
214,620
-11,571
| -5% | -$1.35M |
|
544
PIMCO Corporate & Income Opportunity Fund
PTY
$2.49B
| $22.9M | 0.02% |
1,155,673
+118,537
| +11% | +$2.29M |
|
545
Booking.com
BKNG
$154B
| $22.8M | 0.02% |
260,850
+10,150
| +4% | +$948K |
|
|
IBDQ
546
DELISTED
iShares iBonds Dec 2025 Term Corporate ETF
IBDQ
| $22.8M | 0.02% |
844,387
+89,094
| +12% | +$2.4M |
|
547
Invesco Large Cap Growth ETF
PWB
$2.24B
| $22.8M | 0.02% |
305,895
-2,120
| -0.7% | -$151K |
|
548
Invesco WilderHill Clean Energy ETF
PBW
$394M
| $22.6M | 0.02% |
242,916
-36,756
| -13% | -$3.18M |
|
549
American Water Works
AWK
$27B
| $22.5M | 0.02% |
146,231
+4,817
| +3% | +$750K |
|
550
Phillips 66
PSX
$82.5B
| $22.5M | 0.02% |
262,598
+17,598
| +7% | +$1.49M |
|
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.