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 | |
|---|---|---|---|---|---|---|
151
Invesco S&P 500 Low Volatility ETF
SPLV
$7.28B
| $138M | 0.13% |
2,267,558
+96,739
| +4% | +$6.1M |
|
152
McDonald's
MCD
$194B
| $136M | 0.13% |
565,941
+47,848
| +9% | +$11.4M |
|
153
Vanguard Total International Stock ETF
VXUS
$153B
| $136M | 0.13% |
2,149,687
+329,093
| +18% | +$21.5M |
|
154
WisdomTree Emerging Markets ex-State-Owned Enterprises Fund
XSOE
$1.97B
| $136M | 0.13% |
3,641,546
-2,758,178
| -43% | -$108M |
|
155
Vanguard Mid-Cap Growth ETF
VOT
$19.1B
| $132M | 0.12% |
556,837
+42,239
| +8% | +$10.2M |
|
156
Vanguard Small-Cap Growth ETF
VBK
$23.2B
| $131M | 0.12% |
466,711
+55,256
| +13% | +$15.8M |
|
157
State Street Utilities Select Sector SPDR ETF
XLU
$23.4B
| $130M | 0.12% |
4,061,896
+436,882
| +12% | +$14.6M |
|
158
Starbucks
SBUX
$118B
| $128M | 0.12% |
1,163,588
+34,965
| +3% | +$4.09M |
|
159
First Trust Dorsey Wright Focus 5 ETF
FV
$3.62B
| $127M | 0.12% |
2,770,404
+146,083
| +6% | +$6.9M |
|
160
Schwab US Large-Cap Growth ETF
SCHG
$59.1B
| $126M | 0.12% |
6,829,112
+506,336
| +8% | +$9.65M |
|
161
iShares Russell 3000 ETF
IWV
$19.5B
| $126M | 0.12% |
494,725
+34,867
| +8% | +$9.13M |
|
162
JPMorgan Ultra-Short Income ETF
JPST
$40.1B
| $125M | 0.12% |
2,460,288
+137,566
| +6% | +$6.98M |
|
163
Invesco Preferred ETF
PGX
$3.81B
| $124M | 0.12% |
8,253,836
+335,058
| +4% | +$5.09M |
|
|
HDV
164
iShares Core High Dividend ETF
HDV
$14.7B
| $122M | 0.11% |
6,487,060
+268,325
| +4% | +$5.19M |
|
165
Invesco NASDAQ 100 ETF
QQQM
$94.9B
| $122M | 0.11% |
831,070
+493,957
| +147% | +$74.8M |
|
166
Vanguard Long-Term Bond ETF
BLV
$5.81B
| $122M | 0.11% |
1,193,783
+51,640
| +5% | +$5.42M |
|
167
Broadcom
AVGO
$1.81T
| $120M | 0.11% |
2,480,330
+238,710
| +11% | +$11.6M |
|
168
US Bancorp
USB
$100B
| $120M | 0.11% |
2,022,800
+94,827
| +5% | +$5.4M |
|
169
First Trust Cloud Computing ETF
SKYY
$2.82B
| $120M | 0.11% |
1,139,728
+30,074
| +3% | +$3.23M |
|
170
Lockheed Martin
LMT
$134B
| $118M | 0.11% |
343,178
+15,917
| +5% | +$5.76M |
|
171
State Street Consumer Staples Select Sector SPDR ETF
XLP
$14.6B
| $118M | 0.11% |
1,716,954
+110,461
| +7% | +$7.87M |
|
172
ARK Web x.0 ETF
ARKW
$1.64B
| $118M | 0.11% |
847,069
+67,044
| +9% | +$9.91M |
|
173
Vanguard Russell 1000 Growth ETF
VONG
$42.1B
| $116M | 0.11% |
1,646,155
+388,232
| +31% | +$28.2M |
|
174
Lowe's Companies
LOW
$122B
| $112M | 0.11% |
553,554
+41,000
| +8% | +$8.17M |
|
175
Caterpillar
CAT
$387B
| $112M | 0.11% |
584,052
-9,871
| -2% | -$2.06M |
|
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.