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 Stock Market ETF
VTI
|
+$1.11B |
| 2 |
iShares Russell 1000 Growth ETF
IWF
|
+$278M |
| 3 |
Vanguard Intermediate-Term Corporate Bond ETF
VCIT
|
+$204M |
| 4 |
iShares Core MSCI EAFE ETF
IEFA
|
+$145M |
| 5 |
Vanguard Information Technology ETF
VGT
|
+$88.6M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
State Street SPDR Bloomberg International Treasury Bond ETF
BWX
|
+$46.9M |
| 2 |
State Street Utilities Select Sector SPDR ETF
XLU
|
+$45.4M |
| 3 |
iShares 20+ Year Treasury Bond ETF
TLT
|
+$39M |
| 4 |
iShares National Muni Bond ETF
MUB
|
+$36.8M |
| 5 |
iShares US Real Estate ETF
IYR
|
+$36.7M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Financials | 2.61% |
| 2 | Technology | 1.36% |
| 3 | Healthcare | 1.34% |
| 4 | Industrials | 1.16% |
| 5 | Energy | 1.08% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
226
Invesco S&P SmallCap 600 Revenue ETF
RWJ
$2.03B
| $9.56M | 0.07% |
422,775
+116,652
| +38% | +$2.42M |
|
227
First Trust Technology AlphaDEX Fund
FXL
$2.47B
| $9.49M | 0.07% |
249,171
+2,900
| +1% | +$107K |
|
228
W.P. Carey
WPC
$17.1B
| $9.43M | 0.07% |
160,322
+12,201
| +8% | +$714K |
|
229
Vanguard Value ETF
VTV
$189B
| $9.34M | 0.07% |
100,269
+16,196
| +19% | +$1.45M |
|
|
CELG
230
DELISTED
Celgene Corp
CELG
| $9.32M | 0.07% |
78,533
+2,711
| +4% | +$302K |
|
231
Realty Income
O
$61.2B
| $9.28M | 0.07% |
166,590
-11,707
| -7% | -$657K |
|
232
Vanguard FTSE Pacific ETF
VPL
$8.05B
| $9.22M | 0.07% |
157,089
-37,536
| -19% | -$2.23M |
|
233
Vanguard Russell 1000 Value ETF
VONV
$20.4B
| $9.21M | 0.07% |
187,018
+23,536
| +14% | +$1.11M |
|
234
VanEck BDC Income ETF
BIZD
$1.58B
| $9.21M | 0.07% |
507,185
+33,621
| +7% | +$592K |
|
235
Vanguard S&P Mid-Cap 400 Value ETF
IVOV
$1.34B
| $9.12M | 0.07% |
164,186
+35,596
| +28% | +$1.88M |
|
236
First Trust RiverFront Dynamic Developed International ETF
RFDI
$161M
| $9.1M | 0.07% |
172,540
+164,638
| +2,083% | +$8.51M |
|
237
State Street SPDR Dow Jones REIT ETF
RWR
$1.93B
| $9.08M | 0.07% |
97,043
-13,160
| -12% | -$1.21M |
|
238
Nuveen AMT-Free Municipal Credit Income Fund
NVG
$2.65B
| $9.02M | 0.07% |
622,214
+23,381
| +4% | +$342K |
|
239
Eaton Vance Tax-Advantaged Dividend Income Fund
EVT
$2.06B
| $9M | 0.07% |
434,353
+20,202
| +5% | +$403K |
|
240
Vanguard FTSE Emerging Markets ETF
VWO
$119B
| $8.98M | 0.07% |
249,273
+83,350
| +50% | +$3.05M |
|
241
Johnson & Johnson
JNJ
$635B
| $8.97M | 0.07% |
77,422
+11,859
| +18% | +$1.37M |
|
242
Kayne Anderson Energy Infrastructure Fund
KYN
$2.52B
| $8.95M | 0.07% |
448,025
+30,679
| +7% | +$594K |
|
243
Vanguard S&P Mid-Cap 400 ETF
IVOO
$3.73B
| $8.95M | 0.07% |
159,672
+62,784
| +65% | +$3.36M |
|
244
iShares Core 60/40 Balanced Allocation ETF
AOR
$3.63B
| $8.93M | 0.07% |
219,512
+39,856
| +22% | +$1.61M |
|
245
Ventas
VTR
$48.9B
| $8.91M | 0.07% |
143,334
+8,455
| +6% | +$535K |
|
246
Walt Disney
DIS
$165B
| $8.79M | 0.07% |
82,889
-1,847
| -2% | -$180K |
|
247
Accenture
ACN
$89.9B
| $8.76M | 0.07% |
75,167
+13,181
| +21% | +$1.56M |
|
248
iShares MSCI EAFE Value ETF
EFV
$27.6B
| $8.7M | 0.07% |
182,711
-4,685
| -3% | -$218K |
|
249
Healthcare Realty
HR
$7.42B
| $8.65M | 0.07% |
299,312
-6,637
| -2% | -$195K |
|
250
VanEck Fallen Angel High Yield Bond ETF
ANGL
$3.07B
| $8.62M | 0.07% |
298,327
+89,287
| +43% | +$2.57M |
|
Similar funds
LPL Financial's Q4 2016 Portfolio in Review
As of Q4 2016, LPL Financial held 2,896 positions worth $13.1B, up 25% from $10.5B the previous quarter. Its ten largest holdings account for 25% of the portfolio.
LPL Financial deployed $2.3B of net new capital in Q4 2016, opening 264 new positions and adding to 1,138 existing holdings. Its largest new stake was Vanguard Total Stock Market ETF: 9,825,004 shares worth $1.14B.
By sector, the portfolio is most concentrated in Financials at 2.6% of assets, down from 2.9% a quarter earlier, followed by Technology and Healthcare.
On the sell side, the largest reduction was State Street SPDR Bloomberg International Treasury Bond ETF, an estimated $46.9M trimmed.
- LPL Financial's largest Q4 2016 buy was Vanguard Total Stock Market ETF: 9,825,004 shares worth $1.14B.
- LPL Financial added most to iShares Russell 1000 Growth ETF in Q4 2016, an estimated $278M increase.
- LPL Financial's biggest Q4 2016 reduction was State Street SPDR Bloomberg International Treasury Bond ETF, cutting an estimated $46.9M.
- LPL Financial fully exited Credit Suisse X- Links Cushing MLP Infrastructure ETN's due April 20, 2020 in Q4 2016, selling an estimated $9.37M.
- LPL Financial's ten largest holdings make up 25% of its $13.1B portfolio in Q4 2016.
- LPL Financial opened 264 new positions and closed 226 in Q4 2016.
- LPL Financial's portfolio value rose 25% quarter-over-quarter to $13.1B.
Based on LPL Financial's 13F filing for Q4 2016, filed 13 Feb 2017.