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 | |
|---|---|---|---|---|---|---|
2051
Toll Brothers
TOL
$13.6B
| $1.99M | ﹤0.01% |
36,011
+1,414
| +4% | +$83.6K |
|
2052
Fidelity Low Duration Bond Factor ETF
FLDR
$1.97B
| $1.99M | ﹤0.01% |
39,144
+9,175
| +31% | +$467K |
|
2053
W.R. Berkley
WRB
$26.9B
| $1.99M | ﹤0.01% |
61,169
+13,194
| +28% | +$435K |
|
|
INCE
2054
Franklin Income Equity Focus ETF
INCE
$133M
| $1.99M | ﹤0.01% |
42,583
-23,014
| -35% | -$1.11M |
|
2055
CF Industries
CF
$19.2B
| $1.99M | ﹤0.01% |
35,574
+2,894
| +9% | +$139K |
|
2056
Nutanix
NTNX
$16B
| $1.98M | ﹤0.01% |
52,503
-32,422
| -38% | -$1.23M |
|
2057
Invesco Next Gen Connectivity ETF
KNCT
$153M
| $1.98M | ﹤0.01% |
21,622
-113
| -0.5% | -$10.6K |
|
2058
Western Midstream Partners
WES
$19.2B
| $1.97M | ﹤0.01% |
94,166
-5,023
| -5% | -$100K |
|
2059
Texas Pacific Land
TPL
$27.8B
| $1.97M | ﹤0.01% |
14,670
+567
| +4% | +$88.2K |
|
2060
Korn Ferry
KFY
$4.18B
| $1.97M | ﹤0.01% |
27,220
-2,591
| -9% | -$181K |
|
2061
Moelis & Co
MC
$4.97B
| $1.97M | ﹤0.01% |
31,826
+545
| +2% | +$32.6K |
|
2062
EQT Corp
EQT
$33.3B
| $1.96M | ﹤0.01% |
96,001
-1,501
| -2% | -$29K |
|
2063
Liberty Broadband Class C
LBRDK
$4.88B
| $1.96M | ﹤0.01% |
11,346
+2,879
| +34% | +$519K |
|
|
NS
2064
DELISTED
NuStar Energy L.P.
NS
| $1.96M | ﹤0.01% |
124,431
+3,332
| +3% | +$54.8K |
|
2065
Reliance Steel & Aluminium
RS
$20.7B
| $1.96M | ﹤0.01% |
13,705
+348
| +3% | +$52.3K |
|
2066
Bentley Systems
BSY
$10.8B
| $1.96M | ﹤0.01% |
32,241
+14,021
| +77% | +$895K |
|
2067
Invesco Global ex-US High Yield Corporate Bond ETF
PGHY
$222M
| $1.95M | ﹤0.01% |
89,864
+3,040
| +4% | +$66.6K |
|
2068
Advanced Energy
AEIS
$11.6B
| $1.95M | ﹤0.01% |
22,224
+1,762
| +9% | +$165K |
|
2069
Invesco S&P SmallCap Information Technology ETF
PSCT
$498M
| $1.95M | ﹤0.01% |
41,907
+33
| +0.1% | +$1.55K |
|
|
CHW
2070
Calamos Global Dynamic Income Fund
CHW
$530M
| $1.95M | ﹤0.01% |
203,656
+11,365
| +6% | +$121K |
|
2071
FlexShares STOXX US ESG Select Index Fund
ESG
$132M
| $1.95M | ﹤0.01% |
18,444
+3,503
| +23% | +$379K |
|
|
AGNT
2072
AGNT Inc
AGNT
$666M
| $1.94M | ﹤0.01% |
48,814
+8,819
| +22% | +$378K |
|
2073
iShares MSCI Taiwan ETF
EWT
$9.86B
| $1.94M | ﹤0.01% |
31,280
-348,456
| -92% | -$22.2M |
|
2074
Baker Hughes
BKR
$60B
| $1.94M | ﹤0.01% |
78,368
+31,959
| +69% | +$712K |
|
2075
Ovintiv
OVV
$17.3B
| $1.94M | ﹤0.01% |
58,862
+16,250
| +38% | +$449K |
|
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.