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 | |
|---|---|---|---|---|---|---|
126
iShares S&P Small-Cap 600 Value ETF
IJS
$8.2B
| $162M | 0.15% |
1,607,009
+204,287
| +15% | +$20.6M |
|
127
AT&T
T
$169B
| $161M | 0.15% |
7,874,436
+4,438
| +0.1% | +$93.2K |
|
128
Walmart Inc
WMT
$900B
| $161M | 0.15% |
3,456,120
+198,054
| +6% | +$9.54M |
|
129
Cisco
CSCO
$456B
| $161M | 0.15% |
2,949,901
+83,236
| +3% | +$4.67M |
|
130
iShares GSCI Commodity Dynamic Roll Strategy ETF
COMT
$1.17B
| $158M | 0.15% |
4,397,817
+703,392
| +19% | +$24.1M |
|
131
WisdomTree Trust WisdomTree US Quality Dividend Growth Fund
DGRW
$16.7B
| $155M | 0.15% |
2,642,410
+43,969
| +2% | +$2.69M |
|
132
Chevron
CVX
$374B
| $155M | 0.15% |
1,526,401
+14,054
| +0.9% | +$1.4M |
|
133
Bank of America
BAC
$439B
| $153M | 0.14% |
3,606,744
+199,347
| +6% | +$8.03M |
|
134
ProShares S&P 500 Dividend Aristocrats ETF
NOBL
$11.9B
| $153M | 0.14% |
3,454,052
+553,386
| +19% | +$25.5M |
|
135
iShares Global Financials ETF
IXG
$679M
| $152M | 0.14% |
1,937,298
+34,712
| +2% | +$2.72M |
|
136
iShares Fallen Angels USD Bond ETF
FALN
$1.63B
| $152M | 0.14% |
5,042,978
+925,233
| +22% | +$27.9M |
|
137
iShares Floating Rate Bond ETF
FLOT
$10.2B
| $152M | 0.14% |
2,986,418
+527,145
| +21% | +$26.8M |
|
138
First Trust Enhanced Short Maturity ETF
FTSM
$6.51B
| $151M | 0.14% |
2,519,481
+117,548
| +5% | +$7.05M |
|
139
Vanguard Small-Cap Value ETF
VBR
$37.7B
| $149M | 0.14% |
883,002
+59,121
| +7% | +$10.1M |
|
140
VanEck Morningstar Wide Moat ETF
MOAT
$11.9B
| $149M | 0.14% |
2,036,286
+80,963
| +4% | +$6.09M |
|
141
iShares US Technology ETF
IYW
$23B
| $146M | 0.14% |
1,439,387
+234,390
| +19% | +$24.5M |
|
|
142
PUT
State Street SPDR S&P 500 ETF Trust
SPY
$783B
| $145M | 0.14% |
337,300
+222,000
| +193% | +$97.9M |
|
143
Merck
MRK
$326B
| $144M | 0.14% |
1,913,887
+130,217
| +7% | +$9.9M |
|
144
PepsiCo
PEP
$195B
| $144M | 0.13% |
954,086
+53,840
| +6% | +$8.33M |
|
145
State Street SPDR Portfolio Emerging Markets ETF
SPEM
$17B
| $143M | 0.13% |
3,358,983
+828,104
| +33% | +$35.9M |
|
146
iShares Russell Mid-Cap ETF
IWR
$56.5B
| $142M | 0.13% |
1,814,322
+104,636
| +6% | +$8.38M |
|
147
iShares iBoxx $ High Yield Corporate Bond ETF
HYG
$15.9B
| $140M | 0.13% |
1,600,442
-13,998
| -0.9% | -$1.23M |
|
148
State Street SPDR Portfolio TIPS ETF
SPIP
$1.01B
| $140M | 0.13% |
4,498,163
+1,457,280
| +48% | +$45.8M |
|
149
Vanguard Health Care ETF
VHT
$18.6B
| $139M | 0.13% |
560,366
+68,102
| +14% | +$17.5M |
|
150
iShares Select Dividend ETF
DVY
$24.1B
| $138M | 0.13% |
1,204,562
-21,947
| -2% | -$2.57M |
|
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.