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
|
+$746M |
| 2 |
iShares Core S&P 500 ETF
IVV
|
+$672M |
| 3 |
iShares Core S&P Mid-Cap ETF
IJH
|
+$629M |
| 4 |
Invesco QQQ Trust
QQQ
|
+$493M |
| 5 |
iShares Core US Aggregate Bond ETF
AGG
|
+$411M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
State Street SPDR S&P MIDCAP 400 ETF Trust
MDY
|
+$86.2M |
| 2 |
iShares S&P Mid-Cap 400 Value ETF
IJJ
|
+$30.8M |
| 3 |
iShares Core S&P Small-Cap ETF
IJR
|
+$29.7M |
| 4 |
iShares S&P 500 Value ETF
IVE
|
+$26M |
| 5 |
iShares Currency Hedged MSCI Japan ETF
HEWJ
|
+$23.2M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Financials | 2.78% |
| 2 | Technology | 2.72% |
| 3 | Healthcare | 2.43% |
| 4 | Industrials | 2.36% |
| 5 | Communication Services | 2.05% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
226
Invesco Dorsey Wright Momentum ETF
PDP
$1.5B
| $18.6M | 0.07% |
396,462
+11,236
| +3% | +$518K |
|
227
Invesco S&P 500 Pure Growth ETF
RPG
$2.04B
| $18.5M | 0.07% |
984,215
+18,270
| +2% | +$338K |
|
228
Qualcomm
QCOM
$176B
| $18.2M | 0.07% |
+328,774
| New | +$18.4M |
|
229
ALPS Sector Dividend Dogs ETF
SDOG
$1.41B
| $18.1M | 0.07% |
424,527
+1,691
| +0.4% | +$72K |
|
230
RTX Corp
RTX
$287B
| $18.1M | 0.07% |
235,582
+232,353
| +7,196% | +$17.4M |
|
|
DWIN
231
DELISTED
Invesco DWA Tactical Multi-Asset Income ETF
DWIN
| $18M | 0.07% |
649,160
-1,963
| -0.3% | -$54.6K |
|
|
RTN
232
DELISTED
Raytheon Company
RTN
| $17.9M | 0.07% |
110,718
+102,549
| +1,255% | +$16.3M |
|
233
iShares Core MSCI Total International Stock ETF
IXUS
$57.5B
| $17.8M | 0.07% |
309,761
+91,334
| +42% | +$5.19M |
|
234
UnitedHealth
UNH
$382B
| $17.7M | 0.07% |
95,673
+57,120
| +148% | +$10M |
|
235
First Trust Exchange-Traded Fund IV First Trust Low Duration Opportunities ETF
LMBS
$6.32B
| $17.7M | 0.07% |
339,372
+38,282
| +13% | +$2M |
|
236
First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF
HYLS
$1.61B
| $17.5M | 0.07% |
356,274
+6,326
| +2% | +$311K |
|
237
Vanguard Mega Cap Value ETF
MGV
$13.2B
| $17.4M | 0.07% |
251,321
+13,870
| +6% | +$954K |
|
238
VanEck High Yield Muni ETF
HYD
$4.44B
| $17.3M | 0.07% |
279,438
+199,672
| +250% | +$12.3M |
|
239
Abbott
ABT
$180B
| $17M | 0.06% |
350,647
+224,572
| +178% | +$10.2M |
|
240
State Street SPDR Dow Jones Global Real Estate ETF
RWO
$1.32B
| $17M | 0.06% |
356,912
-12,950
| -4% | -$621K |
|
241
NVIDIA
NVDA
$5.01T
| $17M | 0.06% |
4,705,640
+3,635,560
| +340% | +$11.5M |
|
242
WisdomTree Europe Hedged Equity Fund
HEDJ
$1.82B
| $16.9M | 0.06% |
542,728
-476,404
| -47% | -$15.4M |
|
243
BP
BP
$113B
| $16.9M | 0.06% |
548,936
+487,488
| +793% | +$15.2M |
|
244
FedEx
FDX
$74.5B
| $16.9M | 0.06% |
77,583
+60,761
| +361% | +$12M |
|
245
Invesco Emerging Markets Sovereign Debt ETF
PCY
$1.38B
| $16.8M | 0.06% |
575,060
-47,327
| -8% | -$1.39M |
|
246
Netflix
NFLX
$292B
| $16.6M | 0.06% |
1,114,060
+1,027,060
| +1,181% | +$15.8M |
|
247
Mastercard
MA
$477B
| $16.6M | 0.06% |
+136,783
| New | +$16.2M |
|
248
Invesco KBW Bank ETF
KBWB
$7.08B
| $16.6M | 0.06% |
336,264
-17,616
| -5% | -$833K |
|
249
First Trust Exchange-Traded Fund VI Multi-Asset Diversified Income Index Fund
MDIV
$429M
| $16.5M | 0.06% |
853,975
-45,913
| -5% | -$892K |
|
250
Ford
F
$57.3B
| $16.4M | 0.06% |
+1,467,220
| New | +$16.4M |
|
Similar funds
LPL Financial's Q2 2017 Portfolio in Review
As of Q2 2017, LPL Financial held 3,108 positions worth $26.4B, up 80% from $14.7B the previous quarter. Its ten largest holdings account for 24% of the portfolio.
LPL Financial deployed $11.3B of net new capital in Q2 2017, opening 409 new positions and adding to 1,228 existing holdings. Its largest new stake was State Street SPDR S&P Dividend ETF: 1,023,486 shares worth $91M.
By sector, the portfolio is most concentrated in Financials at 2.8% of assets, up from 2.4% a quarter earlier, followed by Technology and Healthcare.
On the sell side, the largest reduction was State Street SPDR S&P MIDCAP 400 ETF Trust, an estimated $86.2M trimmed.
- LPL Financial's largest Q2 2017 buy was State Street SPDR S&P Dividend ETF: 1,023,486 shares worth $91M.
- LPL Financial added most to Vanguard Total Bond Market in Q2 2017, an estimated $746M increase.
- LPL Financial's biggest Q2 2017 reduction was State Street SPDR S&P MIDCAP 400 ETF Trust, cutting an estimated $86.2M.
- LPL Financial fully exited Energy Transfer Partners L.p. in Q2 2017, selling an estimated $5.54M.
- LPL Financial's ten largest holdings make up 24% of its $26.4B portfolio in Q2 2017.
- LPL Financial opened 409 new positions and closed 314 in Q2 2017.
- LPL Financial's portfolio value rose 80% quarter-over-quarter to $26.4B.
Based on LPL Financial's 13F filing for Q2 2017, filed 14 Aug 2017.