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 | |
|---|---|---|---|---|---|---|
101
State Street Consumer Discretionary Select Sector SPDR ETF
XLY
$21.6B
| $200M | 0.2% |
2,236,514
+26,144
| +1% | +$2.28M |
|
102
Boeing
BA
$167B
| $198M | 0.2% |
828,314
+23,203
| +3% | +$5.61M |
|
103
State Street SPDR Portfolio Aggregate Bond ETF
SPAB
$9.78B
| $196M | 0.2% |
6,538,569
-483,472
| -7% | -$14.4M |
|
104
AbbVie
ABBV
$454B
| $187M | 0.19% |
1,663,689
+1,496
| +0.1% | +$168K |
|
105
iShares 3-7 Year Treasury Bond ETF
IEI
$18.1B
| $186M | 0.19% |
1,422,528
+94,442
| +7% | +$12.3M |
|
106
Adobe
ADBE
$94.5B
| $185M | 0.19% |
316,060
+19,966
| +7% | +$10.3M |
|
107
iShares Gold Trust
IAU
$63.4B
| $184M | 0.19% |
5,455,661
+90,841
| +2% | +$3.14M |
|
108
State Street Communication Services Select Sector SPDR ETF
XLC
$22.1B
| $182M | 0.18% |
2,251,476
+153,861
| +7% | +$12M |
|
109
State Street SPDR Portfolio Developed World ex-US ETF
SPDW
$39.8B
| $177M | 0.18% |
4,804,548
+1,207,757
| +34% | +$44.8M |
|
110
AT&T
T
$167B
| $171M | 0.17% |
7,869,998
-398,698
| -5% | -$9.07M |
|
111
Pfizer
PFE
$141B
| $168M | 0.17% |
4,290,796
+332,710
| +8% | +$12.9M |
|
112
UnitedHealth
UNH
$379B
| $168M | 0.17% |
419,044
+30,479
| +8% | +$12.2M |
|
113
ExxonMobil
XOM
$642B
| $167M | 0.17% |
2,647,294
+139,068
| +6% | +$8.3M |
|
|
114
iShares US Medical Devices ETF
IHI
$3.06B
| $164M | 0.17% |
2,722,230
-1,290,426
| -32% | -$74.6M |
|
115
Vanguard Mortgage-Backed Securities ETF
VMBS
$15.5B
| $162M | 0.16% |
3,033,633
+139,062
| +5% | +$7.44M |
|
116
First Trust Preferred Securities and Income ETF
FPE
$6.32B
| $161M | 0.16% |
7,806,909
+1,697,167
| +28% | +$34.6M |
|
117
iShares 0-5 Year TIPS Bond ETF
STIP
$15.9B
| $161M | 0.16% |
1,512,082
+787,185
| +109% | +$83.6M |
|
118
Chevron
CVX
$378B
| $158M | 0.16% |
1,512,347
+98,386
| +7% | +$10.4M |
|
119
Vanguard Real Estate ETF
VNQ
$39.8B
| $156M | 0.16% |
1,532,046
+102,602
| +7% | +$10.2M |
|
120
WisdomTree Trust WisdomTree US Quality Dividend Growth Fund
DGRW
$16.6B
| $155M | 0.16% |
2,598,441
-69,474
| -3% | -$4.1M |
|
121
Walmart Inc
WMT
$889B
| $153M | 0.15% |
3,258,066
+66,870
| +2% | +$3.11M |
|
122
Goldman Sachs ActiveBeta International Equity ETF
GSIE
$5.9B
| $152M | 0.15% |
4,361,964
+477,667
| +12% | +$16.6M |
|
123
Cisco
CSCO
$452B
| $152M | 0.15% |
2,866,665
+19,468
| +0.7% | +$1.02M |
|
124
Costco
COST
$422B
| $150M | 0.15% |
377,867
+16,328
| +5% | +$6.17M |
|
125
iShares S&P Small-Cap 600 Value ETF
IJS
$8.14B
| $148M | 0.15% |
1,402,722
+500,951
| +56% | +$52.4M |
|
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.