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 Morningstar Total Stock Market ETF
VTI
|
+$904M |
| 2 |
Invesco QQQ Trust
QQQ
|
+$640M |
| 3 |
iShares Core US Aggregate Bond ETF
AGG
|
+$579M |
| 4 |
Vanguard Total Bond Market
BND
|
+$540M |
| 5 |
State Street SPDR S&P 500 ETF Trust
SPY
|
+$472M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
iShares Currency Hedged MSCI Japan ETF
HEWJ
|
+$12.8M |
| 2 |
State Street SPDR Bloomberg Short Term High Yield Bond ETF
SJNK
|
+$12.5M |
| 3 |
XIV
VelocityShares Daily Inverse VIX Short Term ETN
XIV
|
+$8.56M |
| 4 |
State Street SPDR S&P Transportation ETF
XTN
|
+$4.43M |
| 5 |
iShares MSCI Japan ETF
EWJ
|
+$4.41M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Healthcare | 2.89% |
| 2 | Financials | 2.66% |
| 3 | Technology | 2.63% |
| 4 | Industrials | 2.33% |
| 5 | Consumer Staples | 2.29% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
226
Nike
NKE
$61.9B
| $26.9M | 0.07% |
431,041
+209,623
| +95% | +$13.5M |
|
|
VPU
227
Vanguard Utilities ETF
VPU
$8.46B
| $26.9M | 0.07% |
285,176
+152,143
| +114% | +$14.3M |
|
|
ESRX
228
DELISTED
Express Scripts Holding Company
ESRX
| $26.8M | 0.07% |
305,847
+122,749
| +67% | +$10.5M |
|
|
RAI
229
DELISTED
Reynolds American Inc
RAI
| $26.7M | 0.07% |
573,750
+268,176
| +88% | +$12.4M |
|
230
BP
BP
$116B
| $26.6M | 0.07% |
1,020,330
+447,687
| +78% | +$12.7M |
|
|
231
iShares Currency Hedged MSCI Japan ETF
HEWJ
$717M
| $26.4M | 0.07% |
934,885
-431,889
| -32% | -$12.8M |
|
232
iShares US Energy ETF
IYE
$1.74B
| $26M | 0.07% |
767,488
+381,569
| +99% | +$14.1M |
|
233
First Trust North American Energy Infrastructure Fund
EMLP
$4.11B
| $26M | 0.07% |
1,277,601
+679,179
| +113% | +$14.8M |
|
234
iShares US Oil & Gas Exploration & Production ETF
IEO
$580M
| $25.7M | 0.07% |
485,131
+221,628
| +84% | +$13.3M |
|
235
iShares Gold Trust
IAU
$62.9B
| $24.6M | 0.07% |
1,183,168
+290,649
| +33% | +$6.2M |
|
236
iShares Europe ETF
IEV
$1.67B
| $24.5M | 0.07% |
623,690
+512,695
| +462% | +$21.2M |
|
237
PIMCO 0-5 Year High Yield Corporate Bond Index Exchange-Traded Fund
HYS
$1.75B
| $24.4M | 0.07% |
266,460
+131,953
| +98% | +$12.5M |
|
238
Amgen
AMGN
$208B
| $24.4M | 0.07% |
154,042
+78,531
| +104% | +$12.3M |
|
239
Kraft Heinz
KHC
$30.7B
| $24.3M | 0.07% |
331,521
+160,098
| +93% | +$11.8M |
|
240
General Mills
GIS
$19.1B
| $24.3M | 0.07% |
424,792
+206,720
| +95% | +$11.9M |
|
241
iShares Core S&P Total US Stock Market ETF
ITOT
$94.3B
| $24.2M | 0.07% |
528,338
+293,392
| +125% | +$13.7M |
|
242
Invesco Large Cap Value ETF
PWV
$1.68B
| $24.2M | 0.07% |
839,176
+471,260
| +128% | +$13.9M |
|
243
United States Oil Fund
USO
$2.15B
| $24.2M | 0.07% |
283,606
+152,146
| +116% | +$16.2M |
|
244
First Trust Nasdaq-100 Select Equal Weight ETF
QQEW
$1.75B
| $24M | 0.07% |
562,999
+303,942
| +117% | +$13.2M |
|
245
State Street SPDR Bloomberg Convertible Securities ETF
CWB
$5.6B
| $23.8M | 0.07% |
553,004
+215,745
| +64% | +$9.88M |
|
246
Netflix
NFLX
$299B
| $23.7M | 0.07% |
2,203,340
+1,159,150
| +111% | +$13.2M |
|
247
Comcast
CMCSA
$85B
| $23.7M | 0.07% |
852,114
+349,136
| +69% | +$10.5M |
|
248
iShares Core S&P US Growth ETF
IUSG
$31.7B
| $23.5M | 0.07% |
589,764
+268,908
| +84% | +$10.9M |
|
249
PIMCO 1-5 Year US TIPS Index Exchange-Traded Fund
STPZ
$506M
| $23.5M | 0.07% |
457,732
+202,714
| +79% | +$10.4M |
|
250
WisdomTree US SmallCap Dividend Fund
DES
$2.18B
| $23.2M | 0.06% |
1,085,523
+558,060
| +106% | +$12.4M |
|
Similar funds
LPL Financial's Q4 2015 Portfolio in Review
As of Q4 2015, LPL Financial held 3,338 positions worth $36.1B, up 99% from $18.2B the previous quarter. Its ten largest holdings account for 22% of the portfolio.
LPL Financial deployed $18.4B of net new capital in Q4 2015, opening 550 new positions and adding to 2,405 existing holdings. Its largest new stake was Alphabet (Google) Class A: 1,817,600 shares worth $69.2M.
By sector, the portfolio is most concentrated in Healthcare at 2.9% of assets, down from 3.1% a quarter earlier, followed by Financials and Technology.
On the sell side, the largest reduction was iShares Currency Hedged MSCI Japan ETF, an estimated $12.8M trimmed.
- LPL Financial's largest Q4 2015 buy was Alphabet (Google) Class A: 1,817,600 shares worth $69.2M.
- LPL Financial added most to Vanguard Morningstar Total Stock Market ETF in Q4 2015, an estimated $904M increase.
- LPL Financial's biggest Q4 2015 reduction was iShares Currency Hedged MSCI Japan ETF, cutting an estimated $12.8M.
- LPL Financial fully exited COMCAST CORP SPL A (NEW) in Q4 2015, selling an estimated $4.02M.
- LPL Financial's ten largest holdings make up 22% of its $36.1B portfolio in Q4 2015.
- LPL Financial opened 550 new positions and closed 178 in Q4 2015.
- LPL Financial's portfolio value rose 99% quarter-over-quarter to $36.1B.
Based on LPL Financial's 13F filing for Q4 2015, filed 12 Feb 2016.