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 | |
|---|---|---|---|---|---|---|
1026
DexCom
DXCM
$29B
| $8.19M | 0.01% |
76,756
+27,144
| +55% | +$2.61M |
|
1027
Brown-Forman Class B
BF.B
$13.5B
| $8.17M | 0.01% |
109,005
+9,380
| +9% | +$714K |
|
1028
Nutrien
NTR
$33.9B
| $8.16M | 0.01% |
134,717
+86,180
| +178% | +$5.1M |
|
1029
PIMCO Dynamic Income Fund
PDI
$7.35B
| $8.15M | 0.01% |
283,016
+50,550
| +22% | +$1.46M |
|
1030
Invesco
IVZ
$12.4B
| $8.14M | 0.01% |
304,646
-112,980
| -27% | -$3.08M |
|
1031
Vanguard Russell 3000 ETF
VTHR
$4.57B
| $8.13M | 0.01% |
40,844
-58
| -0.1% | -$11.2K |
|
1032
Alliant Energy
LNT
$18.6B
| $8.1M | 0.01% |
145,268
-1,398
| -1% | -$79.2K |
|
|
ETJ
1033
Eaton Vance Risk-Managed Diversified Equity Income Fund
ETJ
$556M
| $8.09M | 0.01% |
701,809
+3,527
| +0.5% | +$39.1K |
|
1034
BlackRock Enhanced Equity Dividend Trust
BDJ
$1.7B
| $8.07M | 0.01% |
797,098
-85,472
| -10% | -$859K |
|
1035
Devon Energy
DVN
$51.3B
| $8.07M | 0.01% |
276,620
+42,987
| +18% | +$1.11M |
|
1036
VanEck JP Morgan EM Local Currency Bond ETF
EMLC
$4.76B
| $8.07M | 0.01% |
257,311
+63,547
| +33% | +$2M |
|
1037
Inspire 100 ETF
BIBL
$474M
| $8.06M | 0.01% |
188,984
+15,470
| +9% | +$639K |
|
1038
Align Technology
ALGN
$12.9B
| $8.06M | 0.01% |
13,196
+2,848
| +28% | +$1.69M |
|
1039
KeyCorp
KEY
$23.8B
| $8.06M | 0.01% |
390,345
+116,232
| +42% | +$2.52M |
|
1040
Invesco KBW High Dividend Yield Financial ETF
KBWD
$413M
| $8.05M | 0.01% |
390,603
+5,297
| +1% | +$109K |
|
1041
CRISPR Therapeutics
CRSP
$4.69B
| $8.04M | 0.01% |
49,630
+3,324
| +7% | +$404K |
|
1042
VanEck Video Gaming and eSports ETF
ESPO
$251M
| $8M | 0.01% |
110,186
-16,521
| -13% | -$1.16M |
|
1043
First Trust Multi Cap Value AlphaDEX Fund
FAB
$165M
| $7.99M | 0.01% |
112,431
-4,828
| -4% | -$347K |
|
1044
PIMCO Enhanced Low Duration Active Exchange-Traded Fund
LDUR
$1.37B
| $7.98M | 0.01% |
78,498
+1,641
| +2% | +$167K |
|
1045
Omnicom Group
OMC
$23.5B
| $7.98M | 0.01% |
99,748
+65,769
| +194% | +$5.34M |
|
1046
PIMCO 15+ Year US TIPS Index Exchange-Traded Fund
LTPZ
$693M
| $7.95M | 0.01% |
91,958
-20,355
| -18% | -$1.69M |
|
1047
State Street SPDR Dow Jones REIT ETF
RWR
$1.9B
| $7.93M | 0.01% |
75,642
-117,680
| -61% | -$12.1M |
|
1048
Sprott Physical Silver Trust
PSLV
$11.8B
| $7.93M | 0.01% |
854,710
+143,948
| +20% | +$1.38M |
|
1049
Cheniere Energy
LNG
$54.2B
| $7.91M | 0.01% |
91,243
+1,738
| +2% | +$141K |
|
1050
Spotify
SPOT
$108B
| $7.88M | 0.01% |
28,577
+353
| +1% | +$89.6K |
|
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.