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 S&P Mid-Cap 400 Value ETF
IJJ
|
+$19.2M |
| 2 |
MLPI
UBS E-TRACS Alerian MLP Infrastructure ETN
MLPI
|
+$15.3M |
| 3 |
Vanguard S&P 500 Value ETF
VOOV
|
+$12.3M |
| 4 |
iShares MSCI Emerging Markets Min Vol Factor ETF
EEMV
|
+$11.2M |
| 5 |
DWIN
Invesco DWA Tactical Multi-Asset Income ETF
DWIN
|
+$9.33M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Vanguard Total Bond Market
BND
|
+$1.07B |
| 2 |
Vanguard Total Stock Market ETF
VTI
|
+$878M |
| 3 |
iShares Core US Aggregate Bond ETF
AGG
|
+$829M |
| 4 |
Invesco QQQ Trust
QQQ
|
+$809M |
| 5 |
State Street SPDR S&P 500 ETF Trust
SPY
|
+$564M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Financials | 2.32% |
| 2 | Healthcare | 1.58% |
| 3 | Technology | 1.4% |
| 4 | Real Estate | 1.36% |
| 5 | Industrials | 1.14% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
226
Nuveen Municipal Value Fund
NUV
$1.91B
| $8.39M | 0.07% |
775,127
-730,247
| -49% | -$7.69M |
|
227
Merck
MRK
$324B
| $8.35M | 0.07% |
148,518
-1,736,499
| -92% | -$92.4M |
|
228
Eaton Vance Tax-Advantaged Dividend Income Fund
EVT
$2.06B
| $8.25M | 0.07% |
404,995
-397,648
| -50% | -$7.93M |
|
229
Gilead Sciences
GILD
$161B
| $8.22M | 0.07% |
95,968
-697,154
| -88% | -$61.9M |
|
230
CVS Health
CVS
$137B
| $8.15M | 0.07% |
84,843
-412,132
| -83% | -$41.1M |
|
231
Pacer Trendpilot US Mid Cap ETF
PTMC
$396M
| $8.13M | 0.07% |
333,356
-324,326
| -49% | -$7.76M |
|
232
Schwab US Dividend Equity ETF
SCHD
$102B
| $8.13M | 0.07% |
587,766
-430,836
| -42% | -$5.81M |
|
233
Vanguard Mega Cap Value ETF
MGV
$13.2B
| $8.07M | 0.07% |
131,257
-86,294
| -40% | -$5.22M |
|
234
iShares MSCI EAFE ETF
EFA
$76.4B
| $7.95M | 0.07% |
143,075
-4,226,148
| -97% | -$243M |
|
235
iShares Core 1-5 Year USD Bond ETF
ISTB
$5.08B
| $7.94M | 0.07% |
156,562
-129,484
| -45% | -$6.53M |
|
236
First Trust Consumer Discretionary AlphaDEX Fund
FXD
$263M
| $7.88M | 0.07% |
232,845
-400,953
| -63% | -$13.7M |
|
237
iShares Core S&P 500 ETF
IVV
$876B
| $7.87M | 0.07% |
37,366
-2,181,512
| -98% | -$455M |
|
238
State Street Materials Select Sector SPDR ETF
XLB
$8.51B
| $7.82M | 0.07% |
342,330
-241,458
| -41% | -$5.62M |
|
239
W.P. Carey
WPC
$17.1B
| $7.79M | 0.07% |
115,017
-97,046
| -46% | -$6.09M |
|
240
Invesco Dorsey Wright Utilities Momentum ETF
PUI
$56.8M
| $7.79M | 0.07% |
277,599
+42,551
| +18% | +$1.1M |
|
|
BSCK
241
DELISTED
Invesco BulletShares 2020 Corporate Bond ETF
BSCK
| $7.71M | 0.07% |
354,824
-363,808
| -51% | -$7.81M |
|
242
Vanguard Russell 1000 Value ETF
VONV
$20.4B
| $7.69M | 0.06% |
171,840
-486,678
| -74% | -$21.5M |
|
243
PepsiCo
PEP
$186B
| $7.68M | 0.06% |
72,478
-536,285
| -88% | -$55.3M |
|
244
Abbott
ABT
$180B
| $7.65M | 0.06% |
187,405
-299,162
| -61% | -$11.9M |
|
245
Kayne Anderson Energy Infrastructure Fund
KYN
$2.52B
| $7.65M | 0.06% |
397,584
-328,344
| -45% | -$5.94M |
|
246
State Street SPDR ICE Preferred Securities ETF
PSK
$693M
| $7.61M | 0.06% |
165,954
-79,250
| -32% | -$3.61M |
|
247
iShares Russell 2000 Value ETF
IWN
$14.4B
| $7.6M | 0.06% |
78,320
-672,297
| -90% | -$64M |
|
248
iShares Core Conservative Allocation ETF
AOK
$803M
| $7.6M | 0.06% |
231,336
-219,979
| -49% | -$7.14M |
|
249
Invesco CEF Income Composite ETF
PCEF
$812M
| $7.58M | 0.06% |
340,001
-217,071
| -39% | -$4.74M |
|
250
ProShares Short QQQ
PSQ
$694M
| $7.58M | 0.06% |
28,863
+5,022
| +21% | +$1.33M |
|
Similar funds
LPL Financial's Q2 2016 Portfolio in Review
As of Q2 2016, LPL Financial held 3,304 positions worth $11.8B, down 67% from $35.9B the previous quarter. Its ten largest holdings account for 24% of the portfolio.
LPL Financial withdrew a net $24.9B in Q2 2016, closing 680 positions and reducing 2,172 holdings. Its most notable exit was iShares Gold Trust, an estimated $144M position sold in full.
By sector, the portfolio is most concentrated in Financials at 2.3% of assets, down from 2.6% a quarter earlier, followed by Healthcare and Technology.
Against the trend, LPL Financial opened a new position in Xtrackers MSCI All World ex US Hedged Equity ETF worth $3.23M.
- LPL Financial's largest Q2 2016 buy was Xtrackers MSCI All World ex US Hedged Equity ETF: 150,365 shares worth $3.23M.
- LPL Financial added most to iShares S&P Mid-Cap 400 Value ETF in Q2 2016, an estimated $19.2M increase.
- LPL Financial's biggest Q2 2016 reduction was Vanguard Total Bond Market, cutting an estimated $1.07B.
- LPL Financial fully exited iShares Gold Trust in Q2 2016, selling an estimated $144M.
- LPL Financial's ten largest holdings make up 24% of its $11.8B portfolio in Q2 2016.
- LPL Financial opened 202 new positions and closed 680 in Q2 2016.
- LPL Financial's portfolio value fell 67% quarter-over-quarter to $11.8B.
Based on LPL Financial's 13F filing for Q2 2016, filed 15 Aug 2016.