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 | |
|---|---|---|---|---|---|---|
251
Oracle
ORCL
$331B
| $16.4M | 0.06% |
326,633
+240,608
| +280% | +$11M |
|
252
iShares Mortgage Real Estate ETF
REM
$542M
| $16.3M | 0.06% |
350,425
-37,702
| -10% | -$1.75M |
|
253
iShares Europe ETF
IEV
$1.63B
| $16.2M | 0.06% |
366,173
+282,603
| +338% | +$12.4M |
|
254
Invesco S&P MidCap 400 Revenue ETF
RWK
$1.3B
| $16.2M | 0.06% |
286,780
+18,031
| +7% | +$999K |
|
255
State Street SPDR S&P Aerospace & Defense ETF
XAR
$6.07B
| $16.1M | 0.06% |
228,466
+14,853
| +7% | +$1.02M |
|
256
Invesco Financial Preferred ETF
PGF
$676M
| $16.1M | 0.06% |
841,935
+11,131
| +1% | +$211K |
|
257
Union Pacific
UNP
$183B
| $16M | 0.06% |
147,081
+90,415
| +160% | +$9.86M |
|
258
Invesco S&P SmallCap Low Volatility ETF
XSLV
$249M
| $15.9M | 0.06% |
365,123
-76,900
| -17% | -$3.33M |
|
259
Vanguard Energy ETF
VDE
$10.1B
| $15.8M | 0.06% |
179,073
-10,041
| -5% | -$926K |
|
260
ProShares Large Cap Core Plus
CSM
$509M
| $15.8M | 0.06% |
526,732
+53,766
| +11% | +$1.6M |
|
261
Vanguard Mega Cap 300 Index ETF
MGC
$9.87B
| $15.8M | 0.06% |
190,874
-479
| -0.3% | -$39.3K |
|
|
WBA
262
DELISTED
Walgreens Boots Alliance
WBA
| $15.8M | 0.06% |
+201,839
| New | +$16.6M |
|
263
iShares MSCI Hong Kong ETF
EWH
$1.22B
| $15.6M | 0.06% |
667,445
+616,682
| +1,215% | +$14.3M |
|
|
PIV
264
DELISTED
PWSHS S&P 500 HIGH QTY PORTF S&P HIGH QTY RKGS INDEX
PIV
| $15.5M | 0.06% |
555,980
-5,917
| -1% | -$165K |
|
265
DuPont de Nemours
DD
$18.6B
| $15.5M | 0.06% |
97,225
+79,484
| +448% | +$12.6M |
|
266
First Trust Dorsey Wright International Focus 5 ETF
IFV
$226M
| $15.5M | 0.06% |
790,564
+11,630
| +1% | +$228K |
|
267
iShares Select U.S. REIT ETF
ICF
$2.12B
| $15.4M | 0.06% |
305,446
-44,558
| -13% | -$2.25M |
|
268
Invesco S&P MidCap 400 Pure Growth ETF
RFG
$343M
| $15.4M | 0.06% |
551,585
-13,305
| -2% | -$368K |
|
269
iShares Russell Top 200 Growth ETF
IWY
$16B
| $15.4M | 0.06% |
238,552
+30,990
| +15% | +$1.97M |
|
270
iShares US Consumer Staples ETF
IYK
$1.39B
| $15.3M | 0.06% |
377,352
+246,720
| +189% | +$9.91M |
|
271
iShares 3-7 Year Treasury Bond ETF
IEI
$18.1B
| $15.3M | 0.06% |
123,838
+2,157
| +2% | +$267K |
|
272
Colgate-Palmolive
CL
$72.6B
| $15.2M | 0.06% |
204,943
-307
| -0.1% | -$22.8K |
|
273
Goldman Sachs
GS
$313B
| $15.2M | 0.06% |
68,408
+32,308
| +89% | +$7.18M |
|
274
State Street SPDR Portfolio Intermediate Term Corporate Bond ETF
SPIB
$11.5B
| $15.1M | 0.06% |
437,938
+41,220
| +10% | +$1.42M |
|
275
State Street SPDR S&P Biotech ETF
XBI
$10.1B
| $15.1M | 0.06% |
195,081
+19,206
| +11% | +$1.36M |
|
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.