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 | |
|---|---|---|---|---|---|---|
901
United States Oil Fund
USO
$2.15B
| $11.1M | 0.01% |
211,700
-22,170
| -9% | -$1.08M |
|
902
Nuveen AMT-Free Municipal Credit Income Fund
NVG
$2.67B
| $11M | 0.01% |
643,971
+51,388
| +9% | +$914K |
|
903
Nuveen ESG Mid-Cap Growth ETF
NUMG
$351M
| $11M | 0.01% |
202,917
+44,923
| +28% | +$2.51M |
|
904
Nuveen ESG Small-Cap ETF
NUSC
$1.28B
| $11M | 0.01% |
252,736
+37,211
| +17% | +$1.64M |
|
905
Entegris
ENTG
$18.2B
| $11M | 0.01% |
87,110
+8,943
| +11% | +$1.08M |
|
906
Vanguard World Funds Extended Duration ETF
EDV
$3.22B
| $10.9M | 0.01% |
80,735
+16,541
| +26% | +$2.32M |
|
907
Otis Worldwide
OTIS
$27.4B
| $10.9M | 0.01% |
132,933
+2,521
| +2% | +$222K |
|
908
State Street SPDR S&P Kensho New Economies Composite ETF
KOMP
$2.61B
| $10.9M | 0.01% |
179,596
-85,087
| -32% | -$5.4M |
|
|
ADRE
909
DELISTED
Invesco BLDRS Emerging Markets 50 ADR Index Fund
ADRE
| $10.9M | 0.01% |
225,728
+114,944
| +104% | +$6.02M |
|
910
PPG Industries
PPG
$24.6B
| $10.9M | 0.01% |
76,336
+8,300
| +12% | +$1.33M |
|
911
CarMax
KMX
$8.14B
| $10.9M | 0.01% |
85,112
+19,529
| +30% | +$2.6M |
|
912
Invesco Russell 2000 Dynamic Multifactor ETF
OMFS
$281M
| $10.9M | 0.01% |
274,016
+16,373
| +6% | +$651K |
|
913
Invesco S&P 500 GARP ETF
SPGP
$2.25B
| $10.9M | 0.01% |
124,878
+65,235
| +109% | +$5.89M |
|
914
AB InBev
BUD
$167B
| $10.8M | 0.01% |
192,412
+4,874
| +3% | +$306K |
|
|
BSJM
915
DELISTED
Invesco BulletShares 2022 High Yield Corporate Bond ETF
BSJM
| $10.8M | 0.01% |
465,982
+49,277
| +12% | +$1.15M |
|
|
QQQH
916
NEOS Nasdaq-100 Hedged Equity Income ETF
QQQH
$374M
| $10.8M | 0.01% |
196,827
+148,750
| +309% | +$8.46M |
|
917
Vulcan Materials
VMC
$34.9B
| $10.8M | 0.01% |
63,896
+9,688
| +18% | +$1.73M |
|
|
FRC
918
DELISTED
First Republic Bank
FRC
| $10.7M | 0.01% |
55,607
+3,748
| +7% | +$737K |
|
919
Carlyle Group
CG
$16.6B
| $10.7M | 0.01% |
226,683
+154,994
| +216% | +$7.43M |
|
920
Boston Scientific
BSX
$69.5B
| $10.7M | 0.01% |
246,827
-253
| -0.1% | -$11.2K |
|
921
Adaptive Alpha Opportunities ETF
AGOX
$376M
| $10.7M | 0.01% |
415,812
+8,205
| +2% | +$215K |
|
922
First Trust Ultra Short Duration Municipal ETF
FUMB
$246M
| $10.6M | 0.01% |
527,983
+76,816
| +17% | +$1.55M |
|
923
Invesco S&P 500 Momentum ETF
SPMO
$20.8B
| $10.6M | 0.01% |
176,144
+18,100
| +11% | +$1.11M |
|
924
International Flavors & Fragrances
IFF
$20.2B
| $10.6M | 0.01% |
79,567
+5,026
| +7% | +$738K |
|
925
Global X SuperDividend US ETF
DIV
$780M
| $10.6M | 0.01% |
547,569
-70,976
| -11% | -$1.4M |
|
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.