Index: cmake/modules/AddLLD.cmake
===================================================================
--- cmake/modules/AddLLD.cmake
+++ cmake/modules/AddLLD.cmake
@@ -10,7 +10,7 @@
   llvm_add_library(${name} ${ARG_ENABLE_SHARED} ${ARG_UNPARSED_ARGUMENTS})
   set_target_properties(${name} PROPERTIES FOLDER "lld libraries")
 
-  if (LLD_BUILD_TOOLS)
+  if (NOT LLVM_INSTALL_TOOLCHAIN_ONLY)
     if(${name} IN_LIST LLVM_DISTRIBUTION_COMPONENTS OR
         NOT LLVM_DISTRIBUTION_COMPONENTS)
       set(export_to_lldtargets EXPORT lldTargets)