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 S&P Mid-Cap 400 Value ETF
IJJ
|
+$19.2M |
| 2 |
MLPI
UBS E-TRACS Alerian MLP Infrastructure ETN
MLPI
|
+$15.3M |
| 3 |
Vanguard S&P 500 Value ETF
VOOV
|
+$12.3M |
| 4 |
iShares MSCI Emerging Markets Min Vol Factor ETF
EEMV
|
+$11.2M |
| 5 |
DWIN
Invesco DWA Tactical Multi-Asset Income ETF
DWIN
|
+$9.33M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Vanguard Total Bond Market
BND
|
+$1.07B |
| 2 |
Vanguard Total Stock Market ETF
VTI
|
+$878M |
| 3 |
iShares Core US Aggregate Bond ETF
AGG
|
+$829M |
| 4 |
Invesco QQQ Trust
QQQ
|
+$809M |
| 5 |
State Street SPDR S&P 500 ETF Trust
SPY
|
+$564M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Financials | 2.32% |
| 2 | Healthcare | 1.58% |
| 3 | Technology | 1.4% |
| 4 | Real Estate | 1.36% |
| 5 | Industrials | 1.14% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
276
iShares Silver Trust
SLV
$28.1B
| $7.02M | 0.06% |
367,456
-345,790
| -48% | -$5.53M |
|
277
Procter & Gamble
PG
$343B
| $7.02M | 0.06% |
82,594
-1,691,904
| -95% | -$139M |
|
278
VanEck Emerging Markets High Yield Bond ETF
HYEM
$522M
| $6.98M | 0.06% |
294,747
-256,240
| -47% | -$5.96M |
|
|
CHY
279
Calamos Convertible and High Income Fund
CHY
$1.03B
| $6.87M | 0.06% |
637,600
-556,521
| -47% | -$5.74M |
|
280
Weyerhaeuser
WY
$17.3B
| $6.84M | 0.06% |
227,019
-158,617
| -41% | -$4.88M |
|
281
VanEck JP Morgan EM Local Currency Bond ETF
EMLC
$4.74B
| $6.83M | 0.06% |
183,610
+51,932
| +39% | +$1.91M |
|
282
Vanguard Materials ETF
VAW
$3B
| $6.83M | 0.06% |
67,461
-76,973
| -53% | -$7.88M |
|
|
CELG
283
DELISTED
Celgene Corp
CELG
| $6.83M | 0.06% |
65,322
-253,456
| -80% | -$26.2M |
|
284
Cisco
CSCO
$450B
| $6.73M | 0.06% |
234,423
-972,298
| -81% | -$27.3M |
|
285
State Street SPDR S&P Homebuilders ETF
XHB
$1.74B
| $6.7M | 0.06% |
197,295
-223,351
| -53% | -$7.55M |
|
286
First Trust NASDAQ Technology Dividend Index Fund
TDIV
$4.06B
| $6.63M | 0.06% |
249,778
-269,910
| -52% | -$7.06M |
|
287
Schwab International Equity ETF
SCHF
$65.6B
| $6.62M | 0.06% |
497,332
-423,202
| -46% | -$5.79M |
|
288
Cohen & Steers REIT and Preferred and Income Fund
RNP
$991M
| $6.61M | 0.06% |
316,501
-273,603
| -46% | -$5.26M |
|
289
AB InBev
BUD
$158B
| $6.61M | 0.06% |
51,617
+11,723
| +29% | +$1.48M |
|
290
iShares Core 60/40 Balanced Allocation ETF
AOR
$3.63B
| $6.54M | 0.06% |
164,784
-202,008
| -55% | -$8M |
|
291
American Electric Power
AEP
$73.7B
| $6.51M | 0.06% |
91,428
-84,961
| -48% | -$5.56M |
|
292
Vanguard Financials ETF
VFH
$13.3B
| $6.47M | 0.05% |
138,689
-136,264
| -50% | -$6.47M |
|
293
Pfizer
PFE
$140B
| $6.47M | 0.05% |
190,099
-2,086,849
| -92% | -$66.6M |
|
294
iShares Morningstar Small-Cap Value ETF
ISCV
$687M
| $6.45M | 0.05% |
160,959
-133,791
| -45% | -$5.41M |
|
295
iShares Core S&P Mid-Cap ETF
IJH
$123B
| $6.44M | 0.05% |
216,705
-14,202,940
| -98% | -$417M |
|
|
SIR
296
DELISTED
SELECT INCOME REIT
SIR
| $6.36M | 0.05% |
540,060
-635,389
| -54% | -$6.76M |
|
|
RCS
297
PIMCO Strategic Income Fund
RCS
$243M
| $6.3M | 0.05% |
635,171
-574,560
| -47% | -$5.41M |
|
298
First Trust Dow Jones Global Select Dividend Index Fund
FGD
$1.51B
| $6.29M | 0.05% |
287,996
-320,907
| -53% | -$7.27M |
|
|
NRF
299
DELISTED
NorthStar Realty Finance Corp.
NRF
| $6.29M | 0.05% |
569,371
-487,131
| -46% | -$6.26M |
|
|
MMP
300
DELISTED
Magellan Midstream Partners, L.P.
MMP
| $6.27M | 0.05% |
84,038
-66,671
| -44% | -$4.73M |
|
Similar funds
LPL Financial's Q2 2016 Portfolio in Review
As of Q2 2016, LPL Financial held 3,304 positions worth $11.8B, down 67% from $35.9B the previous quarter. Its ten largest holdings account for 24% of the portfolio.
LPL Financial withdrew a net $24.9B in Q2 2016, closing 680 positions and reducing 2,172 holdings. Its most notable exit was iShares Gold Trust, an estimated $144M position sold in full.
By sector, the portfolio is most concentrated in Financials at 2.3% of assets, down from 2.6% a quarter earlier, followed by Healthcare and Technology.
Against the trend, LPL Financial opened a new position in Xtrackers MSCI All World ex US Hedged Equity ETF worth $3.23M.
- LPL Financial's largest Q2 2016 buy was Xtrackers MSCI All World ex US Hedged Equity ETF: 150,365 shares worth $3.23M.
- LPL Financial added most to iShares S&P Mid-Cap 400 Value ETF in Q2 2016, an estimated $19.2M increase.
- LPL Financial's biggest Q2 2016 reduction was Vanguard Total Bond Market, cutting an estimated $1.07B.
- LPL Financial fully exited iShares Gold Trust in Q2 2016, selling an estimated $144M.
- LPL Financial's ten largest holdings make up 24% of its $11.8B portfolio in Q2 2016.
- LPL Financial opened 202 new positions and closed 680 in Q2 2016.
- LPL Financial's portfolio value fell 67% quarter-over-quarter to $11.8B.
Based on LPL Financial's 13F filing for Q2 2016, filed 15 Aug 2016.