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
|
+$275M |
| 2 |
iShares US Treasury Bond ETF
GOVT
|
+$192M |
| 3 |
iShares MSCI USA Min Vol Factor ETF
USMV
|
+$188M |
| 4 |
iShares 20+ Year Treasury Bond ETF
TLT
|
+$131M |
| 5 |
State Street SPDR S&P 500 ETF Trust
SPY
|
+$118M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Invesco QQQ Trust
QQQ
|
+$300M |
| 2 |
iShares MBS ETF
MBB
|
+$280M |
| 3 |
State Street SPDR S&P MIDCAP 400 ETF Trust
MDY
|
+$262M |
| 4 |
Xtrackers MSCI EAFE Hedged Equity ETF
DBEF
|
+$114M |
| 5 |
State Street SPDR Bloomberg High Yield Bond ETF
JNK
|
+$95.5M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Healthcare | 2.88% |
| 2 | Technology | 2.67% |
| 3 | Financials | 2.58% |
| 4 | Industrials | 2.45% |
| 5 | Consumer Staples | 2.44% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
226
iShares MSCI United Kingdom ETF
EWU
$4.04B
| $26.2M | 0.07% |
857,814
-13,309
| -2% | -$404K |
|
227
iShares US Industrials ETF
IYJ
$1.98B
| $26.2M | 0.07% |
494,756
+290,064
| +142% | +$14.4M |
|
228
Vanguard Consumer Discretionary ETF
VCR
$5.84B
| $25.9M | 0.07% |
211,690
-59,845
| -22% | -$6.97M |
|
229
Invesco Large Cap Value ETF
PWV
$1.66B
| $25.8M | 0.07% |
864,534
+25,358
| +3% | +$719K |
|
230
Under Armour
UAA
$3B
| $25.5M | 0.07% |
615,307
+141,063
| +30% | +$5.53M |
|
231
State Street SPDR S&P Biotech ETF
XBI
$10.1B
| $25.5M | 0.07% |
473,756
-26,565
| -5% | -$1.38M |
|
232
Vanguard Total International Stock ETF
VXUS
$153B
| $24.8M | 0.07% |
570,761
+64,003
| +13% | +$2.73M |
|
233
Caterpillar
CAT
$409B
| $24.8M | 0.07% |
329,179
+57,009
| +21% | +$3.82M |
|
234
First Trust NYSE Arca Biotechnology Index Fund
FBT
$2.8B
| $24.7M | 0.07% |
272,059
-330,934
| -55% | -$29.2M |
|
235
First Trust Capital Strength ETF
FTCS
$7.88B
| $24.7M | 0.07% |
628,266
+322,665
| +106% | +$12M |
|
236
iShares US Energy ETF
IYE
$1.74B
| $24.6M | 0.07% |
728,967
-38,521
| -5% | -$1.26M |
|
237
WisdomTree US SmallCap Dividend Fund
DES
$2.19B
| $24.4M | 0.07% |
1,091,583
+6,060
| +0.6% | +$126K |
|
238
General Motors
GM
$74.7B
| $24.1M | 0.07% |
815,620
+107,937
| +15% | +$3.25M |
|
239
Vanguard Russell 1000 Growth ETF
VONG
$42.5B
| $24.1M | 0.07% |
944,116
-683,164
| -42% | -$16.5M |
|
240
Amgen
AMGN
$203B
| $24M | 0.07% |
157,187
+3,145
| +2% | +$467K |
|
241
Nike
NKE
$61.9B
| $23.9M | 0.07% |
399,833
-31,208
| -7% | -$1.88M |
|
242
Dominion Energy
D
$62.5B
| $23.8M | 0.07% |
325,622
+21,177
| +7% | +$1.5M |
|
243
iShares Currency Hedged MSCI Eurozone ETF
HEZU
$565M
| $23.8M | 0.07% |
1,010,753
-366,626
| -27% | -$8.78M |
|
244
Kraft Heinz
KHC
$30.4B
| $23.6M | 0.07% |
302,003
-29,518
| -9% | -$2.21M |
|
245
iShares Dow Jones US ETF
IYY
$2.92B
| $23.5M | 0.07% |
462,106
+8,878
| +2% | +$431K |
|
246
iShares US Telecommunications ETF
IYZ
$1.19B
| $23.1M | 0.06% |
745,898
+625,825
| +521% | +$17.7M |
|
247
First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF
HYLS
$1.61B
| $23M | 0.06% |
487,694
+87,429
| +22% | +$4.07M |
|
248
Pacer Trendpilot US Large Cap ETF
PTLC
$3.24B
| $22.9M | 0.06% |
1,059,671
+48,124
| +5% | +$1.05M |
|
249
iShares Morningstar Growth ETF
ILCG
$3.1B
| $22.8M | 0.06% |
967,270
+184,080
| +24% | +$4.14M |
|
250
iShares US Consumer Discretionary ETF
IYC
$1.12B
| $22.7M | 0.06% |
629,948
-338,932
| -35% | -$11.7M |
|
Similar funds
LPL Financial's Q1 2016 Portfolio in Review
As of Q1 2016, LPL Financial held 3,343 positions worth $35.9B, down 0.34% from $36.1B the previous quarter. Its ten largest holdings account for 22% of the portfolio.
LPL Financial's Q1 2016 filing shows 182 new, 1,288 increased, 1,485 reduced and 239 closed positions. Its largest new stake was Pacer Trendpilot European Index ETF: 322,758 shares worth $8.07M. The largest sale was Invesco QQQ Trust, an estimated $300M.
By sector, the portfolio is most concentrated in Healthcare at 2.9% of assets, down from 2.9% a quarter earlier, followed by Technology and Financials.
- LPL Financial's largest Q1 2016 buy was Pacer Trendpilot European Index ETF: 322,758 shares worth $8.07M.
- LPL Financial added most to Vanguard Total Bond Market in Q1 2016, an estimated $275M increase.
- LPL Financial's biggest Q1 2016 reduction was Invesco QQQ Trust, cutting an estimated $300M.
- LPL Financial fully exited WisdomTree Japan Hedged Health Care Fund in Q1 2016, selling an estimated $11.5M.
- LPL Financial's ten largest holdings make up 22% of its $35.9B portfolio in Q1 2016.
- LPL Financial opened 182 new positions and closed 239 in Q1 2016.
- LPL Financial's portfolio value fell 0.34% quarter-over-quarter to $35.9B.
Based on LPL Financial's 13F filing for Q1 2016, filed 16 May 2016.