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 | |
|---|---|---|---|---|---|---|
951
BlackRock Taxable Municipal Bond Trust
BBN
$971M
| $9.35M | 0.01% |
362,562
+69,019
| +24% | +$1.73M |
|
952
WisdomTree Europe Hedged Equity Fund
HEDJ
$1.81B
| $9.34M | 0.01% |
244,924
+66,850
| +38% | +$2.52M |
|
953
Copart
CPRT
$28.5B
| $9.32M | 0.01% |
282,792
+31,640
| +13% | +$981K |
|
|
HOLX
954
DELISTED
Hologic
HOLX
| $9.32M | 0.01% |
139,646
+383
| +0.3% | +$25.6K |
|
955
American International
AIG
$42.5B
| $9.29M | 0.01% |
195,117
+12,888
| +7% | +$637K |
|
956
ALPS O'Shares U.S. Quality Dividend ETF
OUSA
$751M
| $9.27M | 0.01% |
220,678
+2,258
| +1% | +$93.5K |
|
957
Global X SuperIncome Preferred ETF
SPFF
$139M
| $9.27M | 0.01% |
767,980
+172,350
| +29% | +$2.06M |
|
958
Bruker
BRKR
$9.4B
| $9.24M | 0.01% |
121,577
-17,752
| -13% | -$1.24M |
|
959
iShares MSCI France ETF
EWQ
$328M
| $9.21M | 0.01% |
243,323
-253,713
| -51% | -$9.6M |
|
960
VictoryShares US 500 Volatility Wtd ETF
CFA
$540M
| $9.21M | 0.01% |
129,198
-14,558
| -10% | -$1.02M |
|
961
First Trust Short Duration Managed Municipal ETF
FSMB
$619M
| $9.21M | 0.01% |
440,440
-95,697
| -18% | -$2M |
|
962
State Street SPDR Bloomberg 1-10 Year TIPS ETF
TIPX
$2.02B
| $9.15M | 0.01% |
433,171
+334,871
| +341% | +$7.06M |
|
|
WBII
963
DELISTED
WBI BullBear Global Income ETF
WBII
| $9.11M | 0.01% |
366,290
+22,901
| +7% | +$566K |
|
964
iShares MSCI Europe Financials ETF
EUFN
$4B
| $9.11M | 0.01% |
465,900
+427,266
| +1,106% | +$8.67M |
|
965
First Trust Ultra Short Duration Municipal ETF
FUMB
$246M
| $9.11M | 0.01% |
451,167
+4,950
| +1% | +$99.9K |
|
966
VanEck Short Muni ETF
SMB
$312M
| $9.1M | 0.01% |
503,955
+12,975
| +3% | +$234K |
|
967
iShares iBonds Dec 2026 Term Corporate ETF
IBDR
$3.44B
| $9.1M | 0.01% |
341,947
+175,857
| +106% | +$4.67M |
|
968
Expedia Group
EXPE
$36.5B
| $9.06M | 0.01% |
55,317
+11,984
| +28% | +$2.06M |
|
969
Invesco S&P 500 Downside Hedged ETF
PHDG
$72.6M
| $9.04M | 0.01% |
254,188
+12,751
| +5% | +$449K |
|
970
Eaton Vance Tax-Managed Global Diversified Equity Income Fund
EXG
$2.91B
| $9.01M | 0.01% |
882,879
-53,569
| -6% | -$528K |
|
971
Xtrackers USD High Yield Corporate Bond ETF
HYLB
$3.51B
| $9.01M | 0.01% |
223,383
-52,507
| -19% | -$2.1M |
|
972
Centene
CNC
$30.5B
| $9M | 0.01% |
123,380
+7,434
| +6% | +$509K |
|
973
Strategy Inc
MSTR
$34.1B
| $8.99M | 0.01% |
135,310
+42,350
| +46% | +$2.51M |
|
974
Estee Lauder
EL
$30.4B
| $8.99M | 0.01% |
28,251
+5,158
| +22% | +$1.56M |
|
975
Global X Copper Miners ETF NEW
COPX
$7.04B
| $8.98M | 0.01% |
241,825
+108,236
| +81% | +$4.28M |
|
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.