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 | |
|---|---|---|---|---|---|---|
276
First Trust Exchange-Traded Fund VI Multi-Asset Diversified Income Index Fund
MDIV
$429M
| $15.4M | 0.05% |
801,560
-52,415
| -6% | -$1.01M |
|
277
Colgate-Palmolive
CL
$72.6B
| $15.4M | 0.05% |
210,796
+5,853
| +3% | +$422K |
|
278
PIMCO Active Bond Exchange-Traded Fund
BOND
$8.28B
| $15.3M | 0.05% |
143,182
+15,330
| +12% | +$1.64M |
|
279
SLB Ltd
SLB
$77.8B
| $15.3M | 0.05% |
219,034
+48,311
| +28% | +$3.19M |
|
280
FlexShares International Quality Dividend Index Fund
IQDF
$1.13B
| $15.2M | 0.05% |
581,426
+38,627
| +7% | +$1M |
|
281
iShares US Financials ETF
IYF
$4.39B
| $15.2M | 0.05% |
271,150
+15,822
| +6% | +$863K |
|
|
PIV
282
DELISTED
PWSHS S&P 500 HIGH QTY PORTF S&P HIGH QTY RKGS INDEX
PIV
| $15.2M | 0.05% |
526,650
-29,330
| -5% | -$844K |
|
283
iShares US Industrials ETF
IYJ
$1.98B
| $15.1M | 0.05% |
218,566
+24,714
| +13% | +$1.65M |
|
284
Pacer Trendpilot US Mid Cap ETF
PTMC
$396M
| $14.7M | 0.05% |
498,626
+55,092
| +12% | +$1.58M |
|
|
DWIN
285
DELISTED
Invesco DWA Tactical Multi-Asset Income ETF
DWIN
| $14.7M | 0.05% |
535,982
-113,178
| -17% | -$3.11M |
|
286
Eli Lilly
LLY
$1.07T
| $14.7M | 0.05% |
172,015
-5,310
| -3% | -$436K |
|
287
Kinder Morgan
KMI
$73.1B
| $14.7M | 0.05% |
766,005
+36,543
| +5% | +$712K |
|
288
First Trust Technology AlphaDEX Fund
FXL
$2.47B
| $14.6M | 0.05% |
304,223
+6,963
| +2% | +$319K |
|
289
iShares MSCI ACWI ex US ETF
ACWX
$11.3B
| $14.5M | 0.05% |
300,794
-9,981
| -3% | -$471K |
|
290
iShares Mortgage Real Estate ETF
REM
$542M
| $14.5M | 0.05% |
308,862
-41,563
| -12% | -$1.94M |
|
291
Vanguard International High Dividend Yield ETF
VYMI
$20.2B
| $14.4M | 0.05% |
218,899
+68,648
| +46% | +$4.43M |
|
292
Invesco Emerging Markets Sovereign Debt ETF
PCY
$1.38B
| $14.4M | 0.05% |
482,935
-92,125
| -16% | -$2.73M |
|
|
MON
293
DELISTED
Monsanto Co
MON
| $14.3M | 0.05% |
118,993
+41,091
| +53% | +$4.83M |
|
294
Biogen
BIIB
$29.9B
| $14.2M | 0.05% |
45,381
+21,847
| +93% | +$6.47M |
|
295
iShares Select U.S. REIT ETF
ICF
$2.12B
| $14.2M | 0.05% |
282,108
-23,338
| -8% | -$1.18M |
|
296
General Dynamics
GD
$105B
| $14.1M | 0.05% |
68,461
-1,645
| -2% | -$330K |
|
297
VanEck Morningstar Wide Moat ETF
MOAT
$11.5B
| $13.9M | 0.05% |
345,778
-3,823
| -1% | -$151K |
|
|
WBA
298
DELISTED
Walgreens Boots Alliance
WBA
| $13.9M | 0.05% |
179,824
-22,015
| -11% | -$1.76M |
|
299
United States Oil Fund
USO
$2.45B
| $13.8M | 0.05% |
165,366
-21,228
| -11% | -$1.67M |
|
300
Adobe
ADBE
$89.5B
| $13.7M | 0.05% |
92,078
+12,275
| +15% | +$1.83M |
|
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.