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 | |
|---|---|---|---|---|---|---|
776
Steris
STE
$22.3B
| $14M | 0.01% |
68,398
-1,647
| -2% | -$352K |
|
777
State Street Fixed Income Sector Rotation ETF
FISR
$488M
| $13.9M | 0.01% |
448,359
+332,688
| +288% | +$10.5M |
|
778
Biogen
BIIB
$30.3B
| $13.9M | 0.01% |
49,257
+11,320
| +30% | +$3.71M |
|
779
Chipotle Mexican Grill
CMG
$47.7B
| $13.9M | 0.01% |
383,300
+71,200
| +23% | +$2.59M |
|
780
Blue Owl Capital
OBDC
$5.33B
| $13.9M | 0.01% |
986,191
+172,280
| +21% | +$2.5M |
|
781
DraftKings
DKNG
$11.6B
| $13.9M | 0.01% |
288,841
+77,857
| +37% | +$4.13M |
|
782
Vanguard International High Dividend Yield ETF
VYMI
$20.6B
| $13.9M | 0.01% |
210,603
+27,596
| +15% | +$1.87M |
|
783
Travelers Companies
TRV
$79B
| $13.9M | 0.01% |
91,497
+6,803
| +8% | +$1.05M |
|
784
Invesco S&P 500 Equal Weight Financials ETF
RSPF
$305M
| $13.9M | 0.01% |
226,615
+44,909
| +25% | +$2.74M |
|
785
JPMorgan Ultra-Short Municipal Income ETF
JMST
$7.12B
| $13.9M | 0.01% |
271,400
+66,623
| +33% | +$3.4M |
|
786
Invesco Global Listed Private Equity ETF
PSP
$232M
| $13.9M | 0.01% |
184,999
+4,045
| +2% | +$322K |
|
787
JPMorgan BetaBuilders Japan ETF
BBJP
$17.5B
| $13.8M | 0.01% |
235,775
+7,798
| +3% | +$452K |
|
788
American International
AIG
$41.8B
| $13.8M | 0.01% |
252,265
+57,148
| +29% | +$2.94M |
|
|
DFS
789
DELISTED
Discover Financial Services
DFS
| $13.8M | 0.01% |
112,654
+9,683
| +9% | +$1.21M |
|
790
Invesco S&P SmallCap Health Care ETF
PSCH
$161M
| $13.8M | 0.01% |
227,157
+13,392
| +6% | +$838K |
|
791
Vanguard Communication Services ETF
VOX
$5.54B
| $13.8M | 0.01% |
97,946
+7,492
| +8% | +$1.09M |
|
792
iShares Morningstar US Equity ETF
ILCB
$1.27B
| $13.8M | 0.01% |
226,597
+2,162
| +1% | +$135K |
|
793
Dimensional US Small Cap ETF
DFAS
$15.4B
| $13.7M | 0.01% |
238,100
+25,079
| +12% | +$1.45M |
|
794
HCA Healthcare
HCA
$86.4B
| $13.7M | 0.01% |
56,355
+9,958
| +21% | +$2.43M |
|
795
Schwab Emerging Markets Equity ETF
SCHE
$12.5B
| $13.7M | 0.01% |
448,360
+48,352
| +12% | +$1.51M |
|
796
KLA
KLAC
$242B
| $13.6M | 0.01% |
407,550
+25,720
| +7% | +$859K |
|
797
Invesco Emerging Markets Sovereign Debt ETF
PCY
$1.38B
| $13.6M | 0.01% |
511,048
+10,391
| +2% | +$286K |
|
798
Pinterest
PINS
$13.4B
| $13.6M | 0.01% |
267,516
+50,178
| +23% | +$3.08M |
|
799
First Trust RBA American Industrial Renaissance ETF
AIRR
$10.1B
| $13.6M | 0.01% |
331,347
+3,393
| +1% | +$140K |
|
800
WisdomTree US High Dividend Fund
DHS
$1.56B
| $13.6M | 0.01% |
176,250
-26,525
| -13% | -$2.1M |
|
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.