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 | |
|---|---|---|---|---|---|---|
1451
Prospect Capital
PSEC
$1.08B
| $4.33M | ﹤0.01% |
515,696
-28,022
| -5% | -$234K |
|
1452
American Century US Quality Value ETF
VALQ
$329M
| $4.32M | ﹤0.01% |
87,014
+12,733
| +17% | +$632K |
|
|
AOD
1453
abrdn Total Dynamic Dividend Fund
AOD
$1.08B
| $4.32M | ﹤0.01% |
424,578
+5,699
| +1% | +$56.8K |
|
1454
Gabelli Dividend & Income Trust
GDV
$2.59B
| $4.31M | ﹤0.01% |
163,675
+4,503
| +3% | +$115K |
|
1455
Cambria Tail Risk ETF
TAIL
$150M
| $4.3M | ﹤0.01% |
230,094
-3,064
| -1% | -$57.5K |
|
1456
First Trust Utilities AlphaDEX Fund
FXU
$826M
| $4.28M | ﹤0.01% |
142,986
-22,224
| -13% | -$681K |
|
|
CSA
1457
DELISTED
VictoryShares US Small Cap Volatility Wtd ETF
CSA
| $4.28M | ﹤0.01% |
65,769
-1,933
| -3% | -$126K |
|
1458
Sensata Technologies
ST
$6.69B
| $4.26M | ﹤0.01% |
73,411
+45,675
| +165% | +$2.66M |
|
|
ALFA
1459
DELISTED
AlphaClone Alternative Alpha ETF
ALFA
| $4.25M | ﹤0.01% |
50,230
+5,514
| +12% | +$431K |
|
1460
Compass Diversified
CODI
$752M
| $4.22M | ﹤0.01% |
165,613
+14,441
| +10% | +$365K |
|
1461
A.O. Smith
AOS
$8.55B
| $4.22M | ﹤0.01% |
58,541
+18,008
| +44% | +$1.24M |
|
1462
Martin Marietta Materials
MLM
$34.2B
| $4.22M | ﹤0.01% |
11,983
+1,892
| +19% | +$674K |
|
1463
Davis Select Financial ETF
DFNL
$460M
| $4.21M | ﹤0.01% |
140,207
+2,237
| +2% | +$67.3K |
|
1464
Invesco Active US Real Estate Fund
PSR
$60.5M
| $4.21M | ﹤0.01% |
40,621
+19,995
| +97% | +$2.01M |
|
1465
Zscaler
ZS
$24.9B
| $4.21M | ﹤0.01% |
19,465
+1,282
| +7% | +$244K |
|
1466
Sunrun
RUN
$2.26B
| $4.2M | ﹤0.01% |
75,302
+54,625
| +264% | +$2.64M |
|
1467
Unity
U
$14B
| $4.19M | ﹤0.01% |
38,181
+4,102
| +12% | +$403K |
|
1468
Atmos Energy
ATO
$29.7B
| $4.19M | ﹤0.01% |
43,590
+4,023
| +10% | +$403K |
|
1469
VanEck Long Muni ETF
MLN
$679M
| $4.18M | ﹤0.01% |
190,719
+26,373
| +16% | +$573K |
|
1470
Fortune Brands Innovations
FBIN
$5.86B
| $4.17M | ﹤0.01% |
49,037
+12,369
| +34% | +$1.08M |
|
|
SCHR
1471
Schwab Intermediately-Term US Treasury ETF
SCHR
$13.3B
| $4.17M | ﹤0.01% |
146,822
+11,884
| +9% | +$337K |
|
|
IBML
1472
DELISTED
iShares iBonds Dec 2023 Term Muni Bond ETF
IBML
| $4.17M | ﹤0.01% |
159,609
+6,496
| +4% | +$170K |
|
1473
Amplify BlackSwan Growth & Treasure Core ETF
SWAN
$155M
| $4.16M | ﹤0.01% |
121,376
-4,311
| -3% | -$144K |
|
1474
Unum
UNM
$13.2B
| $4.16M | ﹤0.01% |
146,424
+21,811
| +18% | +$641K |
|
|
CAPD
1475
DELISTED
iPath Shiller CAPE ETN
CAPD
| $4.15M | ﹤0.01% |
197,863
+36,703
| +23% | +$745K |
|
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.