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 Core S&P Mid-Cap ETF
IJH
|
+$83.3M |
| 2 |
iShares Core US Aggregate Bond ETF
AGG
|
+$80.6M |
| 3 |
Vanguard Total Stock Market ETF
VTI
|
+$73.4M |
| 4 |
Vanguard Total Bond Market
BND
|
+$72.3M |
| 5 |
iShares Core S&P US Growth ETF
IUSG
|
+$54.2M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
State Street SPDR S&P 500 ETF Trust
SPY
|
+$47.1M |
| 2 |
State Street Consumer Discretionary Select Sector SPDR ETF
XLY
|
+$37.7M |
| 3 |
iShares Russell Mid-Cap Growth ETF
IWP
|
+$23.5M |
| 4 |
State Street SPDR S&P MIDCAP 400 ETF Trust
MDY
|
+$22.6M |
| 5 |
Vanguard S&P 500 Growth ETF
VOOG
|
+$20.5M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 2.95% |
| 2 | Financials | 2.88% |
| 3 | Healthcare | 2.49% |
| 4 | Industrials | 2.34% |
| 5 | Communication Services | 2.12% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
251
ProShares Large Cap Core Plus
CSM
$509M
| $17.6M | 0.06% |
561,492
+34,760
| +7% | +$1.06M |
|
252
Ford
F
$57.3B
| $17.4M | 0.06% |
1,456,887
-10,333
| -0.7% | -$117K |
|
253
RTX Corp
RTX
$287B
| $17.3M | 0.06% |
237,115
+1,533
| +0.7% | +$113K |
|
254
General Mills
GIS
$19.2B
| $17.2M | 0.06% |
333,207
-2,457
| -0.7% | -$135K |
|
255
Invesco S&P MidCap 400 Pure Growth ETF
RFG
$343M
| $17.2M | 0.06% |
596,250
+44,665
| +8% | +$1.26M |
|
256
iShares Russell Top 200 Growth ETF
IWY
$16B
| $17.1M | 0.06% |
252,505
+13,953
| +6% | +$928K |
|
257
Invesco S&P MidCap 400 Revenue ETF
RWK
$1.3B
| $17M | 0.06% |
295,011
+8,231
| +3% | +$461K |
|
258
ALPS Sector Dividend Dogs ETF
SDOG
$1.41B
| $16.8M | 0.06% |
381,334
-43,193
| -10% | -$1.86M |
|
259
Invesco Financial Preferred ETF
PGF
$676M
| $16.8M | 0.06% |
885,564
+43,629
| +5% | +$830K |
|
260
General Motors
GM
$74.7B
| $16.8M | 0.06% |
415,508
+2,084
| +0.5% | +$76.1K |
|
261
iShares MSCI EAFE Value ETF
EFV
$27.6B
| $16.7M | 0.06% |
305,246
+16,762
| +6% | +$890K |
|
262
WisdomTree Europe Hedged Equity Fund
HEDJ
$1.82B
| $16.6M | 0.06% |
514,048
-28,680
| -5% | -$899K |
|
263
Vanguard Energy ETF
VDE
$10.1B
| $16.5M | 0.06% |
176,696
-2,377
| -1% | -$211K |
|
264
Invesco S&P SmallCap Low Volatility ETF
XSLV
$249M
| $16.5M | 0.06% |
358,419
-6,704
| -2% | -$293K |
|
265
Vanguard Mega Cap 300 Index ETF
MGC
$9.87B
| $16.4M | 0.06% |
190,558
-316
| -0.2% | -$26.8K |
|
266
Waste Management
WM
$95.9B
| $16.4M | 0.06% |
209,135
+16,614
| +9% | +$1.26M |
|
267
Qualcomm
QCOM
$176B
| $16M | 0.06% |
308,821
-19,953
| -6% | -$1.06M |
|
268
VanEck Gold Miners ETF
GDX
$23B
| $16M | 0.06% |
695,133
+21,073
| +3% | +$487K |
|
269
Union Pacific
UNP
$183B
| $15.8M | 0.06% |
136,450
-10,631
| -7% | -$1.14M |
|
270
iShares 3-7 Year Treasury Bond ETF
IEI
$18.1B
| $15.7M | 0.06% |
127,117
+3,279
| +3% | +$407K |
|
271
Invesco Large Cap Value ETF
PWV
$1.66B
| $15.7M | 0.06% |
419,675
+7,904
| +2% | +$288K |
|
272
Enterprise Products Partners
EPD
$83.8B
| $15.7M | 0.06% |
600,583
+69,245
| +13% | +$1.83M |
|
273
iShares Dow Jones US ETF
IYY
$2.92B
| $15.6M | 0.06% |
247,742
+3,466
| +1% | +$214K |
|
274
State Street SPDR Dow Jones Global Real Estate ETF
RWO
$1.32B
| $15.6M | 0.06% |
326,836
-30,076
| -8% | -$1.44M |
|
275
State Street SPDR Portfolio Intermediate Term Corporate Bond ETF
SPIB
$11.5B
| $15.6M | 0.06% |
451,506
+13,568
| +3% | +$468K |
|
Similar funds
LPL Financial's Q3 2017 Portfolio in Review
As of Q3 2017, LPL Financial held 3,008 positions worth $28.3B, up 7.3% from $26.4B the previous quarter. Its ten largest holdings account for 24% of the portfolio.
LPL Financial deployed $998M of net new capital in Q3 2017, opening 212 new positions and adding to 1,478 existing holdings. Its largest new stake was JPMorgan BetaBuilders USD High Yield Corporate Bond ETF: 42,420 shares worth $2.19M.
By sector, the portfolio is most concentrated in Technology at 3% of assets, up from 2.7% a quarter earlier, followed by Financials and Healthcare.
On the sell side, the largest reduction was State Street SPDR S&P 500 ETF Trust, an estimated $47.1M trimmed.
- LPL Financial's largest Q3 2017 buy was JPMorgan BetaBuilders USD High Yield Corporate Bond ETF: 42,420 shares worth $2.19M.
- LPL Financial added most to iShares Core S&P Mid-Cap ETF in Q3 2017, an estimated $83.3M increase.
- LPL Financial's biggest Q3 2017 reduction was State Street SPDR S&P 500 ETF Trust, cutting an estimated $47.1M.
- LPL Financial fully exited Reynolds American Inc in Q3 2017, selling an estimated $13.2M.
- LPL Financial's ten largest holdings make up 24% of its $28.3B portfolio in Q3 2017.
- LPL Financial opened 212 new positions and closed 147 in Q3 2017.
- LPL Financial's portfolio value rose 7.3% quarter-over-quarter to $28.3B.
Based on LPL Financial's 13F filing for Q3 2017, filed 14 Nov 2017.