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 | |
|---|---|---|---|---|---|---|
2026
iShares Global Timber & Forestry ETF
WOOD
$265M
| $1.9M | ﹤0.01% |
21,861
-2,731
| -11% | -$248K |
|
|
CIZ
2027
DELISTED
VictoryShares Developed Enhanced Volatility Wtd ETF
CIZ
| $1.9M | ﹤0.01% |
55,699
+755
| +1% | +$25.7K |
|
2028
Rollins
ROL
$18.3B
| $1.89M | ﹤0.01% |
55,383
+5,497
| +11% | +$192K |
|
2029
Tanger
SKT
$4.66B
| $1.89M | ﹤0.01% |
100,374
+6,135
| +7% | +$108K |
|
2030
iShares MSCI Global Gold Miners ETF
RING
$2.25B
| $1.89M | ﹤0.01% |
67,547
-54,585
| -45% | -$1.67M |
|
|
MDC
2031
DELISTED
M.D.C. Holdings, Inc.
MDC
| $1.89M | ﹤0.01% |
37,374
-6,231
| -14% | -$357K |
|
|
BRMK
2032
DELISTED
Broadmark Realty Capital Inc. Common Stock
BRMK
| $1.89M | ﹤0.01% |
178,500
+132,914
| +292% | +$1.41M |
|
2033
VanEck Steel ETF
SLX
$167M
| $1.89M | ﹤0.01% |
30,488
+21,432
| +237% | +$1.31M |
|
2034
Avient
AVNT
$3.32B
| $1.89M | ﹤0.01% |
38,362
+3,140
| +9% | +$159K |
|
2035
10x Genomics
TXG
$6.3B
| $1.89M | ﹤0.01% |
9,628
+629
| +7% | +$114K |
|
2036
First Trust Asia Pacific ex-Japan AlphaDEX Fund
FPA
$102M
| $1.88M | ﹤0.01% |
52,338
+12,004
| +30% | +$433K |
|
|
CID
2037
DELISTED
VictoryShares International High Div Volatility Wtd ETF
CID
| $1.88M | ﹤0.01% |
57,369
-3,105
| -5% | -$103K |
|
2038
Qiagen
QGEN
$8.5B
| $1.88M | ﹤0.01% |
36,562
+21,385
| +141% | +$1.1M |
|
2039
Hewlett Packard
HPE
$63.8B
| $1.88M | ﹤0.01% |
128,615
+2,154
| +2% | +$34K |
|
2040
Smith & Wesson
SWBI
$661M
| $1.87M | ﹤0.01% |
53,933
+1,750
| +3% | +$36.6K |
|
2041
Fidelity MSCI Real Estate Index ETF
FREL
$1.5B
| $1.86M | ﹤0.01% |
61,242
+6,862
| +13% | +$203K |
|
2042
State Street SPDR S&P Kensho Intelligent Structures ETF
SIMS
$8.4M
| $1.86M | ﹤0.01% |
38,845
-94,378
| -71% | -$4.42M |
|
2043
Saratoga Investment
SAR
$311M
| $1.86M | ﹤0.01% |
69,098
+594
| +0.9% | +$15.2K |
|
2044
iShares ESG Advanced MSCI USA ETF
USXF
$1.42B
| $1.86M | ﹤0.01% |
51,147
+16,645
| +48% | +$582K |
|
|
DM
2045
DELISTED
Desktop Metal, Inc.
DM
| $1.86M | ﹤0.01% |
16,139
+5,026
| +45% | +$659K |
|
2046
Upstart Holdings
UPST
$2.57B
| $1.85M | ﹤0.01% |
14,850
+11,064
| +292% | +$1.36M |
|
|
CUK
2047
DELISTED
Carnival PLC
CUK
| $1.85M | ﹤0.01% |
+79,555
| New | +$1.91M |
|
|
FLG
2048
Flagstar Bank National Association
FLG
$5.91B
| $1.85M | ﹤0.01% |
55,869
+5,304
| +10% | +$190K |
|
2049
GameStop
GME
$9.75B
| $1.84M | ﹤0.01% |
34,460
+25,632
| +290% | +$1.24M |
|
2050
Wabtec
WAB
$49.4B
| $1.84M | ﹤0.01% |
22,373
+7,577
| +51% | +$615K |
|
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.