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 | |
|---|---|---|---|---|---|---|
826
ProShares Russell 2000 Dividend Growers ETF
SMDV
$701M
| $11.6M | 0.01% |
182,377
-10,958
| -6% | -$726K |
|
827
Energy Transfer Partners
ET
$69.5B
| $11.6M | 0.01% |
1,090,232
+91,567
| +9% | +$877K |
|
828
BlackRock Short Maturity Municipal Bond ETF
MEAR
$1.36B
| $11.6M | 0.01% |
230,892
-59,294
| -20% | -$2.98M |
|
829
PPG Industries
PPG
$24.9B
| $11.6M | 0.01% |
68,036
+2,010
| +3% | +$345K |
|
830
Marriott International
MAR
$100B
| $11.5M | 0.01% |
84,266
+6,944
| +9% | +$1M |
|
831
Vanguard FTSE Pacific ETF
VPL
$7.77B
| $11.5M | 0.01% |
139,764
+26,388
| +23% | +$2.19M |
|
832
Sempra
SRE
$58.1B
| $11.5M | 0.01% |
173,324
+12,756
| +8% | +$873K |
|
833
WisdomTree Yield Enhanced US Short-Term Aggregate Bond Fund
SHAG
$47.1M
| $11.4M | 0.01% |
223,818
+6,904
| +3% | +$353K |
|
834
State Street SPDR S&P 1500 Value Tilt ETF
VLU
$745M
| $11.4M | 0.01% |
77,843
+21,049
| +37% | +$3.06M |
|
835
First Trust Lunt US Factor Rotation ETF
FCTR
$51.7M
| $11.4M | 0.01% |
327,626
+257,686
| +368% | +$8.82M |
|
|
INFO
836
DELISTED
IHS Markit Ltd. Common Shares
INFO
| $11.4M | 0.01% |
100,819
+2,130
| +2% | +$226K |
|
837
Okta
OKTA
$23.8B
| $11.4M | 0.01% |
46,407
+911
| +2% | +$220K |
|
838
Roblox
RBLX
$35.9B
| $11.4M | 0.01% |
126,160
+62,781
| +99% | +$5.04M |
|
839
First Trust Dow Jones Global Select Dividend Index Fund
FGD
$1.54B
| $11.3M | 0.01% |
437,124
+77,979
| +22% | +$2.06M |
|
840
iShares Mortgage Real Estate ETF
REM
$549M
| $11.3M | 0.01% |
304,634
-52,579
| -15% | -$1.93M |
|
841
EOG Resources
EOG
$77.7B
| $11.3M | 0.01% |
135,034
+33,178
| +33% | +$2.62M |
|
842
PUT
Invesco QQQ Trust
QQQ
$436B
| $11.2M | 0.01% |
31,600
+9,900
| +46% | +$3.33M |
|
843
Invesco S&P MidCap 400 Pure Growth ETF
RFG
$330M
| $11.2M | 0.01% |
246,230
+50,130
| +26% | +$2.23M |
|
|
BSCO
844
DELISTED
Invesco BulletShares 2024 Corporate Bond ETF
BSCO
| $11.2M | 0.01% |
502,486
-1,768
| -0.4% | -$39.3K |
|
845
International Flavors & Fragrances
IFF
$20.3B
| $11.1M | 0.01% |
74,541
+29,981
| +67% | +$4.3M |
|
846
SLB Ltd
SLB
$72.7B
| $11.1M | 0.01% |
347,827
+15,225
| +5% | +$468K |
|
847
First Trust Mid Cap Value AlphaDEX Fund
FNK
$231M
| $11.1M | 0.01% |
249,256
+143,514
| +136% | +$6.47M |
|
848
First Trust Dow Jones International Internet ETF
FDNI
$31.8M
| $11.1M | 0.01% |
233,629
+60,280
| +35% | +$2.72M |
|
849
Blackstone Mortgage Trust
BXMT
$2.77B
| $11M | 0.01% |
346,244
+18,268
| +6% | +$588K |
|
850
Las Vegas Sands
LVS
$32.2B
| $11M | 0.01% |
209,496
+95,706
| +84% | +$5.53M |
|
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.