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 Value ETF
VTV
|
+$117M |
| 2 |
Vanguard Total Stock Market ETF
VTI
|
+$108M |
| 3 |
Vanguard FTSE Developed Markets ETF
VEA
|
+$102M |
| 4 |
iShares Core S&P Mid-Cap ETF
IJH
|
+$101M |
| 5 |
iShares Core S&P Small-Cap ETF
IJR
|
+$97.9M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
State Street Health Care Select Sector SPDR ETF
XLV
|
+$41.1M |
| 2 |
iShares Russell 1000 ETF
IWB
|
+$32.7M |
| 3 |
iShares 20+ Year Treasury Bond ETF
TLT
|
+$23.3M |
| 4 |
iShare MSCI Eurozone ETF
EZU
|
+$21.6M |
| 5 |
iShares US Real Estate ETF
IYR
|
+$18.9M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 2.98% |
| 2 | Financials | 2.85% |
| 3 | Industrials | 2.38% |
| 4 | Healthcare | 2.3% |
| 5 | Communication Services | 2.04% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
226
Mastercard
MA
$477B
| $23.5M | 0.07% |
155,297
+12,454
| +9% | +$1.85M |
|
227
VanEck JP Morgan EM Local Currency Bond ETF
EMLC
$4.74B
| $23.2M | 0.07% |
611,376
-36,609
| -6% | -$1.37M |
|
|
VPU
228
Vanguard Utilities ETF
VPU
$8.83B
| $22.9M | 0.07% |
196,795
-12,508
| -6% | -$1.51M |
|
229
Oracle
ORCL
$331B
| $22.8M | 0.07% |
481,582
+87,478
| +22% | +$4.29M |
|
230
iShares US Industrials ETF
IYJ
$1.98B
| $22.7M | 0.07% |
307,376
+88,810
| +41% | +$6.34M |
|
231
Waste Management
WM
$95.9B
| $22.6M | 0.07% |
261,720
+52,585
| +25% | +$4.28M |
|
232
Vanguard Mega Cap Value ETF
MGV
$13.2B
| $22.5M | 0.07% |
294,225
+12,609
| +4% | +$936K |
|
233
General Mills
GIS
$19.2B
| $22.4M | 0.07% |
378,047
+44,840
| +13% | +$2.43M |
|
234
Netflix
NFLX
$292B
| $22.3M | 0.07% |
1,164,130
-32,490
| -3% | -$626K |
|
|
RTN
235
DELISTED
Raytheon Company
RTN
| $22.3M | 0.07% |
118,839
+2,171
| +2% | +$405K |
|
236
Schwab International Equity ETF
SCHF
$65.6B
| $22M | 0.07% |
1,292,140
+564,052
| +77% | +$9.59M |
|
237
Goldman Sachs ActiveBeta Emerging Markets Equity ETF
GEM
$1.63B
| $21.8M | 0.07% |
608,314
+55,360
| +10% | +$1.92M |
|
238
State Street SPDR S&P Biotech ETF
XBI
$10.1B
| $21.7M | 0.07% |
256,087
-21,252
| -8% | -$1.78M |
|
239
RTX Corp
RTX
$287B
| $21.6M | 0.07% |
268,525
+31,410
| +13% | +$2.38M |
|
240
State Street Materials Select Sector SPDR ETF
XLB
$8.51B
| $21.5M | 0.07% |
711,746
+54,542
| +8% | +$1.61M |
|
241
iShares US Home Construction ETF
ITB
$2.41B
| $21.2M | 0.06% |
484,692
+164,448
| +51% | +$6.66M |
|
242
iShares US Financials ETF
IYF
$4.39B
| $21.1M | 0.06% |
352,614
+81,464
| +30% | +$4.73M |
|
243
State Street SPDR S&P 400 Mid Cap Growth ETF
MDYG
$2.82B
| $20.8M | 0.06% |
401,949
+37,758
| +10% | +$1.93M |
|
244
First Trust Mid Cap Core AlphaDEX Fund
FNX
$1.38B
| $20.8M | 0.06% |
315,844
+16,793
| +6% | +$1.07M |
|
245
Invesco S&P SmallCap Low Volatility ETF
XSLV
$249M
| $20.7M | 0.06% |
448,189
+89,770
| +25% | +$4.19M |
|
246
Abbott
ABT
$180B
| $20.7M | 0.06% |
362,464
+9,166
| +3% | +$508K |
|
247
First Trust Technology AlphaDEX Fund
FXL
$2.47B
| $20.6M | 0.06% |
400,644
+96,421
| +32% | +$4.92M |
|
248
First Trust North American Energy Infrastructure Fund
EMLP
$4.18B
| $20.5M | 0.06% |
835,780
+14,944
| +2% | +$368K |
|
|
CELG
249
DELISTED
Celgene Corp
CELG
| $20.5M | 0.06% |
196,566
+3,046
| +2% | +$344K |
|
250
iShares Silver Trust
SLV
$28.1B
| $20.4M | 0.06% |
1,277,038
-83,895
| -6% | -$1.32M |
|
Similar funds
LPL Financial's Q4 2017 Portfolio in Review
As of Q4 2017, LPL Financial held 3,144 positions worth $32.9B, up 16% from $28.3B the previous quarter. Its ten largest holdings account for 24% of the portfolio.
LPL Financial deployed $3.28B of net new capital in Q4 2017, opening 280 new positions and adding to 1,728 existing holdings. Its largest new stake was Corporate Capital Trust, Inc.: 1,839,393 shares worth $29.4M.
By sector, the portfolio is most concentrated in Technology at 3% of assets, up from 3% a quarter earlier, followed by Financials and Industrials.
On the sell side, the largest reduction was State Street Health Care Select Sector SPDR ETF, an estimated $41.1M trimmed.
- LPL Financial's largest Q4 2017 buy was Corporate Capital Trust, Inc.: 1,839,393 shares worth $29.4M.
- LPL Financial added most to Vanguard Value ETF in Q4 2017, an estimated $117M increase.
- LPL Financial's biggest Q4 2017 reduction was State Street Health Care Select Sector SPDR ETF, cutting an estimated $41.1M.
- LPL Financial fully exited iShares iBonds Dec 2017 Term Corporate ETF in Q4 2017, selling an estimated $4.66M.
- LPL Financial's ten largest holdings make up 24% of its $32.9B portfolio in Q4 2017.
- LPL Financial opened 280 new positions and closed 123 in Q4 2017.
- LPL Financial's portfolio value rose 16% quarter-over-quarter to $32.9B.
Based on LPL Financial's 13F filing for Q4 2017, filed 14 Feb 2018.