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 | |
|---|---|---|---|---|---|---|
2151
APA Corp
APA
$12.8B
| $1.61M | ﹤0.01% |
74,647
-1,228
| -2% | -$25.2K |
|
2152
Thomson Reuters
TRI
$42.9B
| $1.61M | ﹤0.01% |
15,421
+627
| +4% | +$62.8K |
|
2153
Pacer Trendpilot European Index ETF
PTEU
$36.9M
| $1.61M | ﹤0.01% |
64,938
-260
| -0.4% | -$6.45K |
|
2154
FuboTV Inc
FUBO
$249M
| $1.61M | ﹤0.01% |
4,183
+1,593
| +62% | +$455K |
|
2155
Lazard
LAZ
$4.1B
| $1.61M | ﹤0.01% |
35,619
-1,719
| -5% | -$78.8K |
|
2156
Louisiana-Pacific
LPX
$4.98B
| $1.61M | ﹤0.01% |
26,737
-3,461
| -11% | -$221K |
|
|
MCR
2157
DELISTED
MFS Charter Income Trust
MCR
| $1.61M | ﹤0.01% |
184,243
+8,586
| +5% | +$75K |
|
|
SVC
2158
Service Properties Trust
SVC
$1.03B
| $1.61M | ﹤0.01% |
25,486
+10,054
| +65% | +$624K |
|
|
SRTA
2159
Strata Critical Medical Inc
SRTA
$433M
| $1.6M | ﹤0.01% |
152,819
+33,150
| +28% | +$327K |
|
|
GORV
2160
DELISTED
Lazydays
GORV
| $1.6M | ﹤0.01% |
2,430
-459
| -16% | -$313K |
|
|
EFT
2161
Eaton Vance Floating-Rate Income Trust
EFT
$283M
| $1.6M | ﹤0.01% |
111,422
+259
| +0.2% | +$3.69K |
|
|
MCI
2162
Barings Corporate Investors
MCI
$342M
| $1.6M | ﹤0.01% |
105,123
-1,068
| -1% | -$15.8K |
|
|
SIX
2163
DELISTED
Six Flags Entertainment Corp.
SIX
| $1.59M | ﹤0.01% |
36,795
-42,175
| -53% | -$1.9M |
|
2164
W.R. Berkley
WRB
$27.1B
| $1.59M | ﹤0.01% |
47,975
-6,111
| -11% | -$212K |
|
|
RTL
2165
DELISTED
The Necessity Retail REIT, Inc. Class A Common Stock
RTL
| $1.59M | ﹤0.01% |
187,004
-1,878
| -1% | -$17.5K |
|
2166
Gladstone Investment Corp
GAIN
$646M
| $1.58M | ﹤0.01% |
110,022
+1,824
| +2% | +$25.5K |
|
2167
BlackRock MuniYield Quality Fund III
MYI
$711M
| $1.58M | ﹤0.01% |
106,517
+7,265
| +7% | +$106K |
|
|
EVRI
2168
DELISTED
Everi Holdings
EVRI
| $1.57M | ﹤0.01% |
63,095
-14,681
| -19% | -$277K |
|
2169
Watsco Inc
WSO
$12.7B
| $1.57M | ﹤0.01% |
5,484
-225
| -4% | -$64.4K |
|
2170
Range Resources
RRC
$9.23B
| $1.57M | ﹤0.01% |
93,717
+5,160
| +6% | +$64.8K |
|
2171
FlexShares STOXX US ESG Select Index Fund
ESG
$132M
| $1.57M | ﹤0.01% |
14,941
+2,136
| +17% | +$218K |
|
2172
Vanguard Russell 2000 Value ETF
VTWV
$1.28B
| $1.57M | ﹤0.01% |
10,803
+298
| +3% | +$43.1K |
|
|
FMBI
2173
DELISTED
First Midwest Bancorp Inc/IL
FMBI
| $1.57M | ﹤0.01% |
79,154
+29,693
| +60% | +$625K |
|
2174
NYLI FTSE International Equity Currency Neutral ETF
HFXI
$1.99B
| $1.57M | ﹤0.01% |
63,363
+1,310
| +2% | +$32.4K |
|
2175
Gray Television
GTN
$411M
| $1.56M | ﹤0.01% |
66,888
-5,288
| -7% | -$115K |
|
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.