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 | |
|---|---|---|---|---|---|---|
2051
Sun Communities
SUI
$15.3B
| $1.83M | ﹤0.01% |
10,674
+1,629
| +18% | +$270K |
|
2052
Stellantis
STLA
$17B
| $1.82M | ﹤0.01% |
92,558
-152,816
| -62% | -$2.87M |
|
2053
iShares ESG Advanced Universal USD Bond ETF
EUSB
$712M
| $1.82M | ﹤0.01% |
36,628
+14,143
| +63% | +$699K |
|
2054
Nuveen S&P 500 Dynamic Overwrite Fund
SPXX
$332M
| $1.82M | ﹤0.01% |
100,546
+1,516
| +2% | +$26.6K |
|
|
NFJ
2055
Virtus Dividend, Interest & Premium Strategy Fund
NFJ
$1.41B
| $1.82M | ﹤0.01% |
120,683
-9,936
| -8% | -$145K |
|
2056
iShares MSCI Emerging Markets Asia ETF
EEMA
$826M
| $1.82M | ﹤0.01% |
19,633
-25,047
| -56% | -$2.29M |
|
2057
Meritage Homes
MTH
$4.61B
| $1.82M | ﹤0.01% |
38,598
+8,362
| +28% | +$422K |
|
2058
Nuveen Municipal High Income Opportunity Fund
NMZ
$2.19B
| $1.81M | ﹤0.01% |
117,586
+3,653
| +3% | +$54.5K |
|
2059
Community Health Systems
CYH
$391M
| $1.81M | ﹤0.01% |
117,053
+1,892
| +2% | +$25.7K |
|
|
THQ
2060
abrdn Healthcare Opportunities Fund
THQ
$781M
| $1.81M | ﹤0.01% |
78,207
+10,792
| +16% | +$248K |
|
|
MOON
2061
DELISTED
Direxion Moonshot Innovators ETF
MOON
| $1.81M | ﹤0.01% |
49,337
-281,607
| -85% | -$10.3M |
|
2062
C.H. Robinson
CHRW
$17.3B
| $1.8M | ﹤0.01% |
19,250
+4,518
| +31% | +$440K |
|
2063
Targa Resources
TRGP
$57.6B
| $1.8M | ﹤0.01% |
40,553
-1,904
| -4% | -$73.7K |
|
2064
UiPath
PATH
$6.41B
| $1.8M | ﹤0.01% |
+26,512
| New | +$1.94M |
|
2065
iShares ESG Aware US Aggregate Bond ETF
EAGG
$4.97B
| $1.8M | ﹤0.01% |
32,494
-20,227
| -38% | -$1.11M |
|
2066
Artisan Partners
APAM
$2.82B
| $1.79M | ﹤0.01% |
35,268
+23,745
| +206% | +$1.25M |
|
2067
iShares USD Green Bond ETF
BGRN
$497M
| $1.79M | ﹤0.01% |
32,671
+18,927
| +138% | +$1.03M |
|
2068
Nuveen Real Estate Income Fund
JRS
$250M
| $1.79M | ﹤0.01% |
161,191
+18,123
| +13% | +$191K |
|
|
BSMO
2069
DELISTED
Invesco BulletShares 2024 Municipal Bond ETF
BSMO
| $1.79M | ﹤0.01% |
69,248
+11,746
| +20% | +$303K |
|
2070
Cohen & Steers Select Preferred & Income Fund
PSF
$234M
| $1.78M | ﹤0.01% |
58,209
+16,177
| +38% | +$478K |
|
2071
JPMorgan Municipal ETF
JMUB
$8.31B
| $1.78M | ﹤0.01% |
32,263
-10,928
| -25% | -$602K |
|
2072
H&R Block
HRB
$5.61B
| $1.78M | ﹤0.01% |
75,839
+260
| +0.3% | +$6.16K |
|
2073
Moelis & Co
MC
$5.06B
| $1.78M | ﹤0.01% |
31,281
+548
| +2% | +$29.8K |
|
2074
New Oriental
EDU
$9B
| $1.78M | ﹤0.01% |
21,726
-1,319
| -6% | -$160K |
|
2075
Kohl's
KSS
$2.21B
| $1.78M | ﹤0.01% |
32,251
-6,782
| -17% | -$390K |
|
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.