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 | |
|---|---|---|---|---|---|---|
851
Invesco Dorsey Wright Industrials Momentum ETF
PRN
$422M
| $12.2M | 0.01% |
122,885
+38,843
| +46% | +$3.92M |
|
852
Veeva Systems
VEEV
$33.1B
| $12.1M | 0.01% |
42,098
+2,171
| +5% | +$689K |
|
853
Ventas
VTR
$47.7B
| $12.1M | 0.01% |
218,845
+10,316
| +5% | +$591K |
|
|
BSCO
854
DELISTED
Invesco BulletShares 2024 Corporate Bond ETF
BSCO
| $12.1M | 0.01% |
545,293
+42,807
| +9% | +$949K |
|
855
Invesco Bloomberg Pricing Power ETF
POWA
$178M
| $12M | 0.01% |
181,739
+25,716
| +16% | +$1.75M |
|
856
Upstart Holdings
UPST
$2.64B
| $12M | 0.01% |
37,865
+23,015
| +155% | +$4.54M |
|
857
State Street SPDR MSCI ACWI ex-US ETF
CWI
$2.79B
| $11.9M | 0.01% |
411,785
-53,257
| -11% | -$1.59M |
|
858
EOG Resources
EOG
$78.3B
| $11.9M | 0.01% |
148,527
+13,493
| +10% | +$983K |
|
859
Invesco S&P MidCap 400 Pure Growth ETF
RFG
$339M
| $11.9M | 0.01% |
269,655
+23,425
| +10% | +$1.06M |
|
860
Vanguard Emerging Markets Government Bond ETF
VWOB
$6.14B
| $11.9M | 0.01% |
152,023
+918
| +0.6% | +$73.2K |
|
861
T-Mobile US
TMUS
$183B
| $11.9M | 0.01% |
93,143
-2,998
| -3% | -$418K |
|
862
Invesco Variable Rate Investment Grade ETF
VRIG
$1.8B
| $11.9M | 0.01% |
473,247
+424,030
| +862% | +$10.6M |
|
863
Fidelity MSCI Consumer Discretionary Index ETF
FDIS
$1.68B
| $11.8M | 0.01% |
147,369
+78,558
| +114% | +$6.44M |
|
864
Cigna
CI
$74.8B
| $11.8M | 0.01% |
59,022
-54
| -0.1% | -$11.7K |
|
865
iShares iBonds Dec 2026 Term Corporate ETF
IBDR
$3.44B
| $11.8M | 0.01% |
445,229
+103,282
| +30% | +$2.75M |
|
866
Zebra Technologies
ZBRA
$13.9B
| $11.8M | 0.01% |
22,828
-1,060
| -4% | -$591K |
|
867
LyondellBasell Industries
LYB
$20.1B
| $11.7M | 0.01% |
125,189
+60,188
| +93% | +$5.91M |
|
868
Icon
ICLR
$12.7B
| $11.7M | 0.01% |
44,797
+8,735
| +24% | +$2.12M |
|
869
Vanguard Global ex-US Real Estate ETF
VNQI
$3.52B
| $11.7M | 0.01% |
208,457
+26,625
| +15% | +$1.56M |
|
870
BlackRock Taxable Municipal Bond Trust
BBN
$974M
| $11.7M | 0.01% |
455,815
+93,253
| +26% | +$2.45M |
|
871
CME Group
CME
$96.3B
| $11.7M | 0.01% |
60,599
+4,095
| +7% | +$830K |
|
872
Advance Auto Parts
AAP
$3.37B
| $11.7M | 0.01% |
55,855
+3,327
| +6% | +$693K |
|
873
Marriott International
MAR
$98.8B
| $11.7M | 0.01% |
78,781
-5,485
| -7% | -$766K |
|
874
Republic Services
RSG
$64.6B
| $11.6M | 0.01% |
96,977
+1,728
| +2% | +$207K |
|
875
Workday
WDAY
$39.4B
| $11.6M | 0.01% |
46,199
+2,295
| +5% | +$568K |
|
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.