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 | |
|---|---|---|---|---|---|---|
|
PMT
1726
PennyMac Mortgage Investment
PMT
$812M
| $2.82M | ﹤0.01% |
133,786
+3,731
| +3% | +$74.5K |
|
1727
First Trust DorseyWright DALI 1 ETF
DALI
$98.6M
| $2.82M | ﹤0.01% |
110,858
-43,521
| -28% | -$1.07M |
|
1728
Lincoln National
LNC
$8.8B
| $2.82M | ﹤0.01% |
44,827
-1,198
| -3% | -$79.1K |
|
1729
Elastic
ESTC
$6.68B
| $2.81M | ﹤0.01% |
19,308
+3,661
| +23% | +$458K |
|
1730
Inspire Corporate Bond ETF
IBD
$482M
| $2.81M | ﹤0.01% |
106,999
-3,530
| -3% | -$92.2K |
|
1731
iShares Currency Hedged MSCI Eurozone ETF
HEZU
$571M
| $2.79M | ﹤0.01% |
76,582
-5,162
| -6% | -$184K |
|
|
ETG
1732
Eaton Vance Tax-Advantaged Global Dividend Income Fund
ETG
$1.8B
| $2.78M | ﹤0.01% |
132,248
-6,095
| -4% | -$124K |
|
1733
Pacific Biosciences
PACB
$460M
| $2.78M | ﹤0.01% |
79,420
+35,812
| +82% | +$1.04M |
|
|
CMA
1734
DELISTED
Comerica
CMA
| $2.77M | ﹤0.01% |
38,828
+18,697
| +93% | +$1.39M |
|
1735
Editas Medicine
EDIT
$413M
| $2.77M | ﹤0.01% |
48,834
-16,081
| -25% | -$594K |
|
1736
Fidelity MSCI Energy Index ETF
FENY
$1.99B
| $2.76M | ﹤0.01% |
187,241
+33,982
| +22% | +$480K |
|
1737
PUT
State Street SPDR Dow Jones Industrial Average ETF Trust
DIA
$45.5B
| $2.76M | ﹤0.01% |
+8,000
| New | +$2.73M |
|
1738
First Solar
FSLR
$22.1B
| $2.76M | ﹤0.01% |
30,445
-5,344
| -15% | -$423K |
|
1739
Cooper Companies
COO
$14.2B
| $2.75M | ﹤0.01% |
27,792
+3,348
| +14% | +$328K |
|
1740
iShares MSCI USA Equal Weighted ETF
EUSA
$1.82B
| $2.75M | ﹤0.01% |
32,546
-2,471
| -7% | -$204K |
|
1741
SEI Investments
SEIC
$12.4B
| $2.75M | ﹤0.01% |
44,372
-15,300
| -26% | -$954K |
|
1742
Olin
OLN
$2.53B
| $2.75M | ﹤0.01% |
59,383
+6,531
| +12% | +$294K |
|
1743
BlackRock Enhanced Global Dividend Trust
BOE
$675M
| $2.74M | ﹤0.01% |
218,429
+3,470
| +2% | +$42.3K |
|
1744
iShares Core 10+ Year USD Bond ETF
ILTB
$595M
| $2.74M | ﹤0.01% |
37,928
-1,621
| -4% | -$114K |
|
1745
Newell Brands
NWL
$2.18B
| $2.74M | ﹤0.01% |
99,627
-27,603
| -22% | -$761K |
|
1746
Invesco Dorsey Wright Consumer Staples Momentum ETF
PSL
$85M
| $2.74M | ﹤0.01% |
29,242
-23,716
| -45% | -$2.24M |
|
1747
Guggenheim Strategic Opportunities Fund
GOF
$2.23B
| $2.72M | ﹤0.01% |
125,645
+8,339
| +7% | +$175K |
|
1748
Insulet
PODD
$11.5B
| $2.72M | ﹤0.01% |
9,923
-633
| -6% | -$172K |
|
|
POTX
1749
DELISTED
Global X Cannabis ETF
POTX
| $2.72M | ﹤0.01% |
32,915
+16,656
| +102% | +$1.43M |
|
|
NID
1750
DELISTED
NUVEEN INTERMEDIATE DURATION MUNICIPAL TERM FUND
NID
| $2.71M | ﹤0.01% |
181,200
+19,500
| +12% | +$282K |
|
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.