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 | |
|---|---|---|---|---|---|---|
1151
Royce Value Trust
RVT
$2.19B
| $6.62M | 0.01% |
348,940
+18,795
| +6% | +$354K |
|
1152
Cloudflare
NET
$96B
| $6.61M | 0.01% |
62,485
-8,647
| -12% | -$716K |
|
1153
Best Buy
BBY
$19B
| $6.61M | 0.01% |
57,500
+28,096
| +96% | +$3.28M |
|
1154
Match Group
MTCH
$9.19B
| $6.6M | 0.01% |
40,928
+12,037
| +42% | +$1.76M |
|
1155
M&T Bank
MTB
$36.3B
| $6.6M | 0.01% |
45,404
+1,515
| +3% | +$237K |
|
1156
Lennar Class A
LEN
$20.4B
| $6.59M | 0.01% |
68,512
+4,303
| +7% | +$416K |
|
1157
WisdomTree International Quality Dividend Growth Fund
IQDG
$702M
| $6.59M | 0.01% |
165,517
+120,900
| +271% | +$4.77M |
|
|
UBA
1158
DELISTED
Urstadt Biddle Properties Inc. Class A
UBA
| $6.58M | 0.01% |
339,648
-24,795
| -7% | -$458K |
|
1159
Corpay
CPAY
$25.7B
| $6.58M | 0.01% |
25,685
+1,957
| +8% | +$542K |
|
1160
Virtus InfraCap US Preferred Stock ETF
PFFA
$2.42B
| $6.57M | 0.01% |
261,514
+39,661
| +18% | +$975K |
|
1161
abrdn Physical Gold Shares ETF
SGOL
$6.9B
| $6.56M | 0.01% |
386,308
-318,788
| -45% | -$5.56M |
|
1162
XPO
XPO
$23.4B
| $6.56M | 0.01% |
135,580
+6,615
| +5% | +$323K |
|
1163
Zillow
ZG
$7.85B
| $6.53M | 0.01% |
53,250
+14,335
| +37% | +$1.77M |
|
1164
Global X Internet of Things ETF
SNSR
$211M
| $6.52M | 0.01% |
182,627
+36,387
| +25% | +$1.25M |
|
1165
VanEck Short High Yield Muni ETF
SHYD
$452M
| $6.52M | 0.01% |
256,053
+92,256
| +56% | +$2.33M |
|
|
MASI
1166
DELISTED
Masimo
MASI
| $6.51M | 0.01% |
26,854
-442
| -2% | -$101K |
|
1167
AMC Entertainment Holdings
AMC
$2.45B
| $6.51M | 0.01% |
11,485
+5,377
| +88% | +$1.42M |
|
1168
FMC
FMC
$1.25B
| $6.5M | 0.01% |
60,094
+6,946
| +13% | +$804K |
|
1169
Occidental Petroleum
OXY
$55.7B
| $6.5M | 0.01% |
207,930
+50,534
| +32% | +$1.36M |
|
1170
Invesco Short Term Treasury ETF
TBLL
$2.61B
| $6.5M | 0.01% |
61,530
-9,496
| -13% | -$1M |
|
1171
Polaris
PII
$3.83B
| $6.49M | 0.01% |
47,398
+5,980
| +14% | +$811K |
|
1172
Invesco Dorsey Wright Basic Materials Momentum ETF
PYZ
$71.7M
| $6.47M | 0.01% |
73,507
+39,602
| +117% | +$3.5M |
|
1173
Cohen & Steers Closed End Opportunity Fund
FOF
$369M
| $6.47M | 0.01% |
445,070
-1,249
| -0.3% | -$17.5K |
|
1174
FlexShares iBoxx 5-Year Target Duration TIPS Index Fund
TDTF
$1.04B
| $6.46M | 0.01% |
230,723
+17,244
| +8% | +$482K |
|
1175
Invesco S&P 500 Equal Weight Communication Services ETF
RSPC
$56.9M
| $6.44M | 0.01% |
163,969
+461
| +0.3% | +$17.8K |
|
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.