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 | |
|---|---|---|---|---|---|---|
126
iShares Global Financials ETF
IXG
$676M
| $148M | 0.15% |
1,902,586
+1,886,882
| +12,015% | +$147M |
|
127
Vanguard Mega Cap Growth ETF
MGK
$31.8B
| $147M | 0.15% |
3,172,040
+57,035
| +2% | +$2.51M |
|
128
iShares Russell Mid-Cap Growth ETF
IWP
$19.8B
| $146M | 0.15% |
1,292,673
-11,672
| -0.9% | -$1.25M |
|
129
Netflix
NFLX
$293B
| $145M | 0.15% |
2,746,620
+16,850
| +0.6% | +$861K |
|
130
VanEck Morningstar Wide Moat ETF
MOAT
$11.7B
| $145M | 0.15% |
1,955,323
+272,886
| +16% | +$19.9M |
|
131
State Street Real Estate Select Sector SPDR ETF
XLRE
$8.69B
| $144M | 0.15% |
3,256,793
+2,293,864
| +238% | +$98.3M |
|
132
First Trust Enhanced Short Maturity ETF
FTSM
$6.5B
| $144M | 0.15% |
2,401,933
+61,874
| +3% | +$3.71M |
|
133
Vanguard Small-Cap Value ETF
VBR
$37.3B
| $143M | 0.14% |
823,881
-11,498
| -1% | -$1.99M |
|
134
iShares Select Dividend ETF
DVY
$23.8B
| $143M | 0.14% |
1,226,509
+51,694
| +4% | +$6.15M |
|
135
iShares iBoxx $ High Yield Corporate Bond ETF
HYG
$15.9B
| $142M | 0.14% |
1,614,440
-10,348
| -0.6% | -$903K |
|
136
Bank of America
BAC
$436B
| $140M | 0.14% |
3,407,397
+134,797
| +4% | +$5.53M |
|
137
Salesforce
CRM
$142B
| $140M | 0.14% |
574,210
-12,699
| -2% | -$2.93M |
|
138
Merck
MRK
$323B
| $139M | 0.14% |
1,783,670
+171,821
| +11% | +$12.8M |
|
139
iShares Russell Mid-Cap ETF
IWR
$56.1B
| $135M | 0.14% |
1,709,686
+25,607
| +2% | +$1.99M |
|
140
PepsiCo
PEP
$191B
| $133M | 0.13% |
900,246
+42,895
| +5% | +$6.25M |
|
141
Invesco S&P 500 Low Volatility ETF
SPLV
$7.21B
| $132M | 0.13% |
2,170,819
-275,288
| -11% | -$16.7M |
|
142
ProShares S&P 500 Dividend Aristocrats ETF
NOBL
$11.8B
| $131M | 0.13% |
2,900,666
+133,482
| +5% | +$6.05M |
|
143
iShares 7-10 Year Treasury Bond ETF
IEF
$47.3B
| $130M | 0.13% |
1,129,802
+84,324
| +8% | +$9.65M |
|
144
Caterpillar
CAT
$402B
| $129M | 0.13% |
593,923
+31,212
| +6% | +$7.21M |
|
145
iShares GSCI Commodity Dynamic Roll Strategy ETF
COMT
$1.18B
| $127M | 0.13% |
3,694,425
+3,545,373
| +2,379% | +$116M |
|
146
iShares US Energy ETF
IYE
$1.71B
| $126M | 0.13% |
4,346,252
+793,783
| +22% | +$22.1M |
|
147
Starbucks
SBUX
$118B
| $126M | 0.13% |
1,128,623
+49,010
| +5% | +$5.54M |
|
148
State Street Materials Select Sector SPDR ETF
XLB
$8.66B
| $125M | 0.13% |
3,041,918
+1,010,246
| +50% | +$42.6M |
|
149
iShares Floating Rate Bond ETF
FLOT
$10.2B
| $125M | 0.13% |
2,459,273
+373,147
| +18% | +$18.9M |
|
150
First Trust Dorsey Wright Focus 5 ETF
FV
$3.62B
| $124M | 0.13% |
2,624,321
+35,798
| +1% | +$1.65M |
|
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.