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 | |
|---|---|---|---|---|---|---|
101
State Street Energy Select Sector SPDR ETF
XLE
$38.4B
| $212M | 0.2% |
8,130,482
-140,320
| -2% | -$3.48M |
|
102
Verizon
VZ
$202B
| $211M | 0.2% |
3,905,367
+278,422
| +8% | +$15.4M |
|
103
PayPal
PYPL
$51.8B
| $209M | 0.2% |
802,635
+112,301
| +16% | +$31.9M |
|
104
iShares MSCI USA Momentum Factor ETF
MTUM
$24.3B
| $203M | 0.19% |
1,154,178
-412,402
| -26% | -$73.3M |
|
105
iShares Preferred and Income Securities ETF
PFF
$13.2B
| $202M | 0.19% |
5,214,505
+92,022
| +2% | +$3.61M |
|
106
Mastercard
MA
$497B
| $198M | 0.19% |
569,198
+19,694
| +4% | +$7.16M |
|
107
AbbVie
ABBV
$469B
| $196M | 0.18% |
1,816,517
+152,828
| +9% | +$17.5M |
|
108
iShares 1-3 Year Treasury Bond ETF
SHY
$25.4B
| $196M | 0.18% |
2,274,351
-241,444
| -10% | -$20.8M |
|
109
iShares Gold Trust
IAU
$62.5B
| $195M | 0.18% |
5,837,989
+382,328
| +7% | +$13M |
|
110
Adobe
ADBE
$101B
| $192M | 0.18% |
333,950
+17,890
| +6% | +$11.3M |
|
111
First Trust Preferred Securities and Income ETF
FPE
$6.32B
| $192M | 0.18% |
9,351,840
+1,544,931
| +20% | +$31.9M |
|
112
iShares National Muni Bond ETF
MUB
$45.3B
| $191M | 0.18% |
1,646,992
+635,641
| +63% | +$74.5M |
|
113
Pfizer
PFE
$144B
| $191M | 0.18% |
4,434,518
+143,722
| +3% | +$6.37M |
|
114
iShares US Medical Devices ETF
IHI
$3.14B
| $190M | 0.18% |
3,028,534
+306,304
| +11% | +$19.5M |
|
115
Netflix
NFLX
$305B
| $186M | 0.17% |
3,045,560
+298,940
| +11% | +$16.5M |
|
116
UnitedHealth
UNH
$390B
| $182M | 0.17% |
464,742
+45,698
| +11% | +$18.9M |
|
117
Vanguard Real Estate ETF
VNQ
$40.3B
| $179M | 0.17% |
1,754,833
+222,787
| +15% | +$23.6M |
|
118
Salesforce
CRM
$150B
| $178M | 0.17% |
657,783
+83,573
| +15% | +$21.2M |
|
119
Costco
COST
$430B
| $178M | 0.17% |
395,669
+17,802
| +5% | +$7.83M |
|
120
iShares Russell Mid-Cap Growth ETF
IWP
$19.6B
| $174M | 0.16% |
1,549,836
+257,163
| +20% | +$29.6M |
|
121
Vanguard Mortgage-Backed Securities ETF
VMBS
$15.5B
| $172M | 0.16% |
3,226,669
+193,036
| +6% | +$10.3M |
|
122
Boeing
BA
$175B
| $170M | 0.16% |
772,613
-55,701
| -7% | -$12.4M |
|
123
Goldman Sachs ActiveBeta International Equity ETF
GSIE
$5.91B
| $170M | 0.16% |
4,960,998
+599,034
| +14% | +$21.2M |
|
124
ExxonMobil
XOM
$635B
| $163M | 0.15% |
2,779,401
+132,107
| +5% | +$7.53M |
|
125
Vanguard Mega Cap Growth ETF
MGK
$31.8B
| $163M | 0.15% |
3,460,655
+288,615
| +9% | +$14M |
|
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.