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 Morningstar Total Stock Market ETF
VTI
|
+$904M |
| 2 |
Invesco QQQ Trust
QQQ
|
+$640M |
| 3 |
iShares Core US Aggregate Bond ETF
AGG
|
+$579M |
| 4 |
Vanguard Total Bond Market
BND
|
+$540M |
| 5 |
State Street SPDR S&P 500 ETF Trust
SPY
|
+$472M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
iShares Currency Hedged MSCI Japan ETF
HEWJ
|
+$12.8M |
| 2 |
State Street SPDR Bloomberg Short Term High Yield Bond ETF
SJNK
|
+$12.5M |
| 3 |
XIV
VelocityShares Daily Inverse VIX Short Term ETN
XIV
|
+$8.56M |
| 4 |
State Street SPDR S&P Transportation ETF
XTN
|
+$4.43M |
| 5 |
iShares MSCI Japan ETF
EWJ
|
+$4.41M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Healthcare | 2.89% |
| 2 | Financials | 2.66% |
| 3 | Technology | 2.63% |
| 4 | Industrials | 2.33% |
| 5 | Consumer Staples | 2.29% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
301
iShares US Healthcare Providers ETF
IHF
$1.21B
| $18.1M | 0.05% |
727,345
+360,175
| +98% | +$8.95M |
|
|
IFLN
302
Invesco Bloomberg Enhanced Fallen Angels ETF
IFLN
$308M
| $18M | 0.05% |
1,035,522
+491,797
| +90% | +$8.8M |
|
303
iShares Currency Hedged MSCI EAFE ETF
HEFA
$7.5B
| $18M | 0.05% |
715,403
+415,569
| +139% | +$10.8M |
|
304
UnitedHealth
UNH
$376B
| $18M | 0.05% |
154,060
+67,196
| +77% | +$7.85M |
|
305
Mondelez International
MDLZ
$79.5B
| $17.9M | 0.05% |
404,766
+212,042
| +110% | +$9.49M |
|
306
Invesco S&P 500 Equal Weight Health Care ETF
RSPH
$764M
| $17.5M | 0.05% |
1,158,260
+930,830
| +409% | +$13.9M |
|
307
Novartis
NVS
$297B
| $17.5M | 0.05% |
225,979
+95,318
| +73% | +$7.57M |
|
308
Oracle
ORCL
$374B
| $17.4M | 0.05% |
489,591
+165,445
| +51% | +$6.32M |
|
309
Amplify Cybersecurity ETF
HACK
$2.68B
| $17.4M | 0.05% |
690,418
+357,868
| +108% | +$9.44M |
|
310
FlexShares International Quality Dividend Index Fund
IQDF
$1.15B
| $17.4M | 0.05% |
825,671
+346,756
| +72% | +$7.76M |
|
311
iShares Morningstar US Equity ETF
ILCB
$1.27B
| $17.3M | 0.05% |
587,708
+281,856
| +92% | +$8.44M |
|
312
iShares MSCI USA Momentum Factor ETF
MTUM
$25B
| $17.3M | 0.05% |
239,662
+191,373
| +396% | +$13.9M |
|
313
United Parcel Service
UPS
$88.6B
| $17.3M | 0.05% |
180,214
+50,598
| +39% | +$5.17M |
|
314
iShares Morningstar Mid-Cap ETF
IMCB
$1.65B
| $17.2M | 0.05% |
485,076
+268,728
| +124% | +$9.77M |
|
315
iShares Core 60/40 Balanced Allocation ETF
AOR
$3.66B
| $17.2M | 0.05% |
445,836
+266,756
| +149% | +$10.5M |
|
316
ProShares Ultra QQQ
QLD
$12.7B
| $17.1M | 0.05% |
3,661,088
+1,932,800
| +112% | +$9.42M |
|
317
Public Storage
PSA
$60.5B
| $17M | 0.05% |
67,513
+48,620
| +257% | +$11.4M |
|
|
SCHV
318
Schwab US Large-Cap Value ETF
SCHV
$15.7B
| $16.5M | 0.05% |
1,178,709
+600,906
| +104% | +$8.53M |
|
319
First Trust Europe AlphaDEX Fund
FEP
$526M
| $16.5M | 0.05% |
572,657
+298,260
| +109% | +$8.88M |
|
320
Phillips 66
PSX
$84.9B
| $16.4M | 0.05% |
202,181
+105,990
| +110% | +$9.15M |
|
321
Lear
LEA
$6.54B
| $16.3M | 0.05% |
139,167
+69,772
| +101% | +$8.5M |
|
322
Invesco FTSE RAFI US 1500 Small-Mid ETF
PRFZ
$2.77B
| $16.2M | 0.05% |
882,940
+405,680
| +85% | +$7.83M |
|
323
Vanguard S&P 500 Growth ETF
VOOG
$25.9B
| $15.9M | 0.04% |
933,168
+498,276
| +115% | +$8.65M |
|
324
Eaton Vance Tax-Advantaged Dividend Income Fund
EVT
$2.1B
| $15.8M | 0.04% |
832,464
+443,456
| +114% | +$8.66M |
|
325
ProShares Large Cap Core Plus
CSM
$518M
| $15.8M | 0.04% |
649,522
+231,594
| +55% | +$5.73M |
|
Similar funds
LPL Financial's Q4 2015 Portfolio in Review
As of Q4 2015, LPL Financial held 3,338 positions worth $36.1B, up 99% from $18.2B the previous quarter. Its ten largest holdings account for 22% of the portfolio.
LPL Financial deployed $18.4B of net new capital in Q4 2015, opening 550 new positions and adding to 2,405 existing holdings. Its largest new stake was Alphabet (Google) Class A: 1,817,600 shares worth $69.2M.
By sector, the portfolio is most concentrated in Healthcare at 2.9% of assets, down from 3.1% a quarter earlier, followed by Financials and Technology.
On the sell side, the largest reduction was iShares Currency Hedged MSCI Japan ETF, an estimated $12.8M trimmed.
- LPL Financial's largest Q4 2015 buy was Alphabet (Google) Class A: 1,817,600 shares worth $69.2M.
- LPL Financial added most to Vanguard Morningstar Total Stock Market ETF in Q4 2015, an estimated $904M increase.
- LPL Financial's biggest Q4 2015 reduction was iShares Currency Hedged MSCI Japan ETF, cutting an estimated $12.8M.
- LPL Financial fully exited COMCAST CORP SPL A (NEW) in Q4 2015, selling an estimated $4.02M.
- LPL Financial's ten largest holdings make up 22% of its $36.1B portfolio in Q4 2015.
- LPL Financial opened 550 new positions and closed 178 in Q4 2015.
- LPL Financial's portfolio value rose 99% quarter-over-quarter to $36.1B.
Based on LPL Financial's 13F filing for Q4 2015, filed 12 Feb 2016.