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 MBS ETF
MBB
|
+$122M |
| 2 |
iShares S&P Mid-Cap 400 Growth ETF
IJK
|
+$102M |
| 3 |
State Street SPDR S&P MIDCAP 400 ETF Trust
MDY
|
+$91.9M |
| 4 |
State Street Consumer Discretionary Select Sector SPDR ETF
XLY
|
+$82.5M |
| 5 |
iShares Russell 2000 ETF
IWM
|
+$73.4M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
State Street SPDR S&P 500 ETF Trust
SPY
|
+$204M |
| 2 |
iShares S&P 500 Value ETF
IVE
|
+$91.1M |
| 3 |
Vanguard Short-Term Corporate Bond ETF
VCSH
|
+$56.8M |
| 4 |
iShares Currency Hedged MSCI Japan ETF
HEWJ
|
+$39.5M |
| 5 |
Vanguard FTSE Developed Markets ETF
VEA
|
+$35.2M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 3.11% |
| 2 | Healthcare | 3.02% |
| 3 | Financials | 3.02% |
| 4 | Industrials | 2.53% |
| 5 | Energy | 2.19% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
226
State Street SPDR Bloomberg Convertible Securities ETF
CWB
$5.57B
| $15M | 0.08% |
316,157
+56,869
| +22% | +$2.69M |
|
227
First Trust Natural Gas ETF
FCG
$617M
| $15M | 0.08% |
278,874
-77,056
| -22% | -$4.11M |
|
228
United Parcel Service
UPS
$96B
| $15M | 0.08% |
155,049
-13,374
| -8% | -$1.37M |
|
229
iShares Core S&P Total US Stock Market ETF
ITOT
$93.5B
| $14.9M | 0.08% |
314,826
+72,036
| +30% | +$3.4M |
|
230
American Express
AXP
$229B
| $14.8M | 0.08% |
188,024
+39,553
| +27% | +$3.29M |
|
231
iShares US Telecommunications ETF
IYZ
$1.18B
| $14.8M | 0.08% |
479,083
+428,170
| +841% | +$12.9M |
|
232
Vanguard Consumer Staples ETF
VDC
$7.98B
| $14.8M | 0.08% |
116,531
+12,039
| +12% | +$1.52M |
|
|
VPU
233
Vanguard Utilities ETF
VPU
$8.72B
| $14.8M | 0.08% |
152,660
-10,654
| -7% | -$1.07M |
|
234
Duke Energy
DUK
$100B
| $14.8M | 0.08% |
192,439
-16,035
| -8% | -$1.3M |
|
235
Prospect Capital
PSEC
$1.12B
| $14.7M | 0.08% |
1,755,075
+1,051,026
| +149% | +$8.98M |
|
236
RTX Corp
RTX
$294B
| $14.7M | 0.08% |
201,960
+4,832
| +2% | +$361K |
|
237
Enterprise Products Partners
EPD
$82.5B
| $14.7M | 0.08% |
451,041
-17,042
| -4% | -$571K |
|
238
SLB Ltd
SLB
$76.5B
| $14.7M | 0.08% |
174,539
+2,673
| +2% | +$223K |
|
239
GSK
GSK
$104B
| $14.6M | 0.07% |
249,999
+34,233
| +16% | +$1.96M |
|
240
WisdomTree Emerging Markets SmallCap Dividend Fund
DGS
$1.71B
| $14.6M | 0.07% |
326,080
+9,118
| +3% | +$400K |
|
241
State Street SPDR S&P Transportation ETF
XTN
$401M
| $14.5M | 0.07% |
277,258
-14,450
| -5% | -$765K |
|
242
General Motors
GM
$78.7B
| $14.5M | 0.07% |
394,883
+69,160
| +21% | +$2.52M |
|
243
State Street SPDR S&P Pharmaceuticals ETF
XPH
$480M
| $14.4M | 0.07% |
234,714
+23,280
| +11% | +$1.38M |
|
244
Oracle
ORCL
$345B
| $14.3M | 0.07% |
333,913
-525
| -0.2% | -$22.8K |
|
245
Honeywell
HON
$77.9B
| $14.3M | 0.07% |
153,596
+4,375
| +3% | +$400K |
|
246
Realty Income
O
$61.1B
| $14.2M | 0.07% |
284,829
-4,134
| -1% | -$207K |
|
247
iShares 5-10 Year Investment Grade Corporate Bond ETF
IGIB
$18.5B
| $14.2M | 0.07% |
256,002
-344,066
| -57% | -$19M |
|
248
Kayne Anderson Energy Infrastructure Fund
KYN
$2.44B
| $14.1M | 0.07% |
401,737
+48,762
| +14% | +$1.72M |
|
249
First Trust NASDAQ Technology Dividend Index Fund
TDIV
$4.1B
| $13.9M | 0.07% |
518,032
+57,031
| +12% | +$1.57M |
|
250
WisdomTree Trust WisdomTree Interest Rate Hedged US Aggregate Bond Fund
AGZD
$131M
| $13.9M | 0.07% |
563,390
-107,460
| -16% | -$2.64M |
|
Similar funds
LPL Financial's Q1 2015 Portfolio in Review
As of Q1 2015, LPL Financial held 2,944 positions worth $19.6B, up 7.2% from $18.3B the previous quarter. Its ten largest holdings account for 21% of the portfolio.
LPL Financial deployed $1.03B of net new capital in Q1 2015, opening 222 new positions and adding to 1,353 existing holdings. Its largest new stake was iShares Currency Hedged MSCI Eurozone ETF: 670,641 shares worth $19.7M.
By sector, the portfolio is most concentrated in Technology at 3.1% of assets, down from 3.2% a quarter earlier, followed by Healthcare and Financials.
On the sell side, the largest reduction was State Street SPDR S&P 500 ETF Trust, an estimated $204M trimmed.
- LPL Financial's largest Q1 2015 buy was iShares Currency Hedged MSCI Eurozone ETF: 670,641 shares worth $19.7M.
- LPL Financial added most to iShares MBS ETF in Q1 2015, an estimated $122M increase.
- LPL Financial's biggest Q1 2015 reduction was State Street SPDR S&P 500 ETF Trust, cutting an estimated $204M.
- LPL Financial fully exited Allergan Inc in Q1 2015, selling an estimated $9.23M.
- LPL Financial's ten largest holdings make up 21% of its $19.6B portfolio in Q1 2015.
- LPL Financial opened 222 new positions and closed 165 in Q1 2015.
- LPL Financial's portfolio value rose 7.2% quarter-over-quarter to $19.6B.
Based on LPL Financial's 13F filing for Q1 2015, filed 14 May 2015.