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 | |
|---|---|---|---|---|---|---|
601
PNC Financial Services
PNC
$99.2B
| $21.5M | 0.02% |
109,784
+10,556
| +11% | +$1.99M |
|
|
PPL
602
PPL Corp
PPL
$26.8B
| $21.3M | 0.02% |
763,168
+35,577
| +5% | +$1.03M |
|
603
Fidelity National Information Services
FIS
$23.8B
| $21.3M | 0.02% |
174,751
+3,655
| +2% | +$490K |
|
604
Labcorp
LH
$25.9B
| $21.2M | 0.02% |
87,791
+3,039
| +4% | +$766K |
|
605
MSCI
MSCI
$41.9B
| $21.2M | 0.02% |
34,873
+3,927
| +13% | +$2.4M |
|
606
Invesco CEF Income Composite ETF
PCEF
$797M
| $21.2M | 0.02% |
883,604
+73,668
| +9% | +$1.8M |
|
607
State Street SPDR S&P Aerospace & Defense ETF
XAR
$5.88B
| $21.1M | 0.02% |
177,097
+9,560
| +6% | +$1.18M |
|
608
Dollar General
DG
$28.1B
| $21.1M | 0.02% |
99,329
+3,073
| +3% | +$693K |
|
609
SPDR Gold MiniShares Trust
GLDM
$27.9B
| $21M | 0.02% |
601,545
-281,531
| -32% | -$10M |
|
610
Tyson Foods
TSN
$21.4B
| $21M | 0.02% |
265,422
+43,431
| +20% | +$3.28M |
|
|
GRID
611
First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund
GRID
$11.3B
| $20.9M | 0.02% |
226,186
+66,897
| +42% | +$6.45M |
|
612
State Street SPDR FactSet Innovative Technology ETF
XITK
$68.5M
| $20.9M | 0.02% |
96,982
-1,507
| -2% | -$334K |
|
|
NVO
613
Novo Nordisk
NVO
$228B
| $20.9M | 0.02% |
435,008
+52,214
| +14% | +$2.52M |
|
614
iShares US Transportation ETF
IYT
$2.26B
| $20.9M | 0.02% |
343,084
+75,124
| +28% | +$4.75M |
|
615
Invesco FTSE RAFI US 1500 Small-Mid ETF
PRFZ
$2.77B
| $20.9M | 0.02% |
571,265
-4,450
| -0.8% | -$163K |
|
|
TWTR
616
DELISTED
Twitter, Inc.
TWTR
| $20.8M | 0.02% |
343,632
+57,358
| +20% | +$3.77M |
|
617
First Trust Europe AlphaDEX Fund
FEP
$526M
| $20.5M | 0.02% |
489,255
+110,006
| +29% | +$4.8M |
|
618
iShares Convertible Bond ETF
ICVT
$7.21B
| $20.5M | 0.02% |
205,574
+20,058
| +11% | +$2.02M |
|
619
Chubb
CB
$135B
| $20.5M | 0.02% |
117,989
+22,306
| +23% | +$3.91M |
|
620
Vertex Pharmaceuticals
VRTX
$122B
| $20.4M | 0.02% |
112,583
+39,081
| +53% | +$7.63M |
|
621
Invesco NASDAQ Internet ETF
PNQI
$525M
| $20.3M | 0.02% |
425,050
+22,155
| +5% | +$1.11M |
|
622
Sysco
SYY
$40.6B
| $20.3M | 0.02% |
258,290
+35,397
| +16% | +$2.7M |
|
623
Micron Technology
MU
$988B
| $20.2M | 0.02% |
284,673
+4,240
| +2% | +$318K |
|
624
VanEck Rare Earth/Strategic Metals ETF
REMX
$1.96B
| $20.1M | 0.02% |
194,801
+45,810
| +31% | +$4.87M |
|
625
Vanguard FTSE Europe ETF
VGK
$30.8B
| $20.1M | 0.02% |
306,191
+32,245
| +12% | +$2.21M |
|
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.