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 | |
|---|---|---|---|---|---|---|
526
iShares JPMorgan EM High Yield Bond ETF
EMHY
$619M
| $25.9M | 0.02% |
583,243
+47,773
| +9% | +$2.16M |
|
527
Pacer US Small Cap Cash Cows 100 ETF
CALF
$3.7B
| $25.8M | 0.02% |
608,601
+142,121
| +30% | +$6.14M |
|
|
SCHW
528
Charles Schwab
SCHW
$181B
| $25.8M | 0.02% |
353,726
+31,802
| +10% | +$2.27M |
|
529
Generac Holdings
GNRC
$11.3B
| $25.8M | 0.02% |
63,029
+9,533
| +18% | +$4.08M |
|
530
Palantir
PLTR
$293B
| $25.7M | 0.02% |
1,070,932
+219,665
| +26% | +$5.36M |
|
531
iShares CMBS ETF
CMBS
$473M
| $25.7M | 0.02% |
475,977
+32,186
| +7% | +$1.75M |
|
532
Invesco National AMT-Free Municipal Bond ETF
PZA
$4.23B
| $25.7M | 0.02% |
956,276
+93,805
| +11% | +$2.56M |
|
533
Invesco S&P SmallCap Value with Momentum ETF
XSVM
$677M
| $25.6M | 0.02% |
508,497
+24,551
| +5% | +$1.22M |
|
|
AFGR
534
First Trust Active Factor Large Cap Growth ETF
AFGR
$91.4M
| $25.5M | 0.02% |
936,517
+148,787
| +19% | +$4.1M |
|
535
Invesco Large Cap Growth ETF
PWB
$2.27B
| $25.4M | 0.02% |
343,694
+37,799
| +12% | +$2.89M |
|
536
BCE
BCE
$20.2B
| $25.3M | 0.02% |
504,909
+49,807
| +11% | +$2.52M |
|
537
State Street SPDR S&P 1500 Momentum Tilt ETF
MMTM
$158M
| $25.2M | 0.02% |
137,845
+5,028
| +4% | +$938K |
|
538
Vanguard S&P Small-Cap 600 ETF
VIOO
$4.15B
| $25.2M | 0.02% |
250,366
+6,524
| +3% | +$659K |
|
539
iShares Select U.S. REIT ETF
ICF
$2.1B
| $25.2M | 0.02% |
385,357
+123,250
| +47% | +$8.44M |
|
|
IBDM
540
DELISTED
iShares iBonds Dec 2021 Term Corporate ETF
IBDM
| $25.2M | 0.02% |
1,018,745
-100,900
| -9% | -$2.5M |
|
541
First Trust Municipal High Income ETF
FMHI
$989M
| $25.1M | 0.02% |
450,041
+99,231
| +28% | +$5.61M |
|
542
Motorola Solutions
MSI
$71.5B
| $25.1M | 0.02% |
108,012
+12,957
| +14% | +$3.01M |
|
543
British American Tobacco
BTI
$133B
| $25.1M | 0.02% |
710,832
+100,841
| +17% | +$3.79M |
|
544
Carnival Corporation Ltd
CCL
$38B
| $25M | 0.02% |
1,000,565
+244,434
| +32% | +$5.69M |
|
545
American Water Works
AWK
$26.7B
| $24.9M | 0.02% |
147,269
+1,038
| +0.7% | +$181K |
|
546
T. Rowe Price
TROW
$25.6B
| $24.8M | 0.02% |
125,911
+4,544
| +4% | +$957K |
|
547
VanEck High Yield Muni ETF
HYD
$4.44B
| $24.7M | 0.02% |
395,142
+99,396
| +34% | +$6.31M |
|
548
Invesco Financial Preferred ETF
PGF
$676M
| $24.7M | 0.02% |
1,301,572
+20,951
| +2% | +$400K |
|
|
IBDQ
549
DELISTED
iShares iBonds Dec 2025 Term Corporate ETF
IBDQ
| $24.5M | 0.02% |
912,084
+67,697
| +8% | +$1.83M |
|
550
Ulta Beauty
ULTA
$22.2B
| $24.5M | 0.02% |
67,701
+7,497
| +12% | +$2.71M |
|
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.