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
|
+$275M |
| 2 |
iShares US Treasury Bond ETF
GOVT
|
+$192M |
| 3 |
iShares MSCI USA Min Vol Factor ETF
USMV
|
+$188M |
| 4 |
iShares 20+ Year Treasury Bond ETF
TLT
|
+$131M |
| 5 |
State Street SPDR S&P 500 ETF Trust
SPY
|
+$118M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Invesco QQQ Trust
QQQ
|
+$300M |
| 2 |
iShares MBS ETF
MBB
|
+$280M |
| 3 |
State Street SPDR S&P MIDCAP 400 ETF Trust
MDY
|
+$262M |
| 4 |
Xtrackers MSCI EAFE Hedged Equity ETF
DBEF
|
+$114M |
| 5 |
State Street SPDR Bloomberg High Yield Bond ETF
JNK
|
+$95.5M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Healthcare | 2.88% |
| 2 | Technology | 2.67% |
| 3 | Financials | 2.58% |
| 4 | Industrials | 2.45% |
| 5 | Consumer Staples | 2.44% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
301
iShares Currency Hedged MSCI EAFE ETF
HEFA
$7.44B
| $17.4M | 0.05% |
748,386
+32,983
| +5% | +$778K |
|
302
Tesla
TSLA
$1.24T
| $17.3M | 0.05% |
1,018,020
+14,430
| +1% | +$190K |
|
303
iShares California Muni Bond ETF
CMF
$4.54B
| $17.2M | 0.05% |
287,572
+101,134
| +54% | +$6.02M |
|
304
First Trust Nasdaq-100 Select Equal Weight ETF
QQEW
$1.71B
| $17M | 0.05% |
404,652
-158,347
| -28% | -$6.36M |
|
305
Paychex
PAYX
$40.4B
| $16.9M | 0.05% |
319,012
-107,567
| -25% | -$5.42M |
|
306
WisdomTree US High Dividend Fund
DHS
$1.56B
| $16.9M | 0.05% |
269,641
+31,041
| +13% | +$1.84M |
|
307
First Trust Small Cap Core AlphaDEX Fund
FYX
$1.36B
| $16.8M | 0.05% |
383,569
-409,956
| -52% | -$17M |
|
308
Vanguard Total International Bond ETF
BNDX
$82B
| $16.8M | 0.05% |
307,696
+53,286
| +21% | +$2.86M |
|
309
PIMCO 25+ Year Zero Coupon US Treasury Index Exchange-Traded Fund
ZROZ
$1.34B
| $16.8M | 0.05% |
132,953
+21,038
| +19% | +$2.54M |
|
310
iShares US Home Construction ETF
ITB
$2.41B
| $16.7M | 0.05% |
628,734
-177,817
| -22% | -$4.37M |
|
311
Public Storage
PSA
$60.2B
| $16.5M | 0.05% |
60,396
-7,117
| -11% | -$1.8M |
|
312
Invesco S&P MidCap Low Volatility ETF
XMLV
$759M
| $16.3M | 0.05% |
448,674
+170,015
| +61% | +$5.79M |
|
|
IFLN
313
Invesco Bloomberg Enhanced Fallen Angels ETF
IFLN
$305M
| $16.3M | 0.05% |
916,275
-119,247
| -12% | -$2.06M |
|
|
PPL
314
PPL Corp
PPL
$27.3B
| $16.2M | 0.05% |
434,789
+49,018
| +13% | +$1.74M |
|
315
ProShares Ultra S&P500
SSO
$7.82B
| $16.2M | 0.05% |
2,061,248
-345,744
| -14% | -$2.48M |
|
316
Invesco S&P 500 Equal Weight Consumer Staples ETF
RSPS
$249M
| $16.2M | 0.05% |
664,755
+367,950
| +124% | +$8.57M |
|
317
First Trust Energy AlphaDEX Fund
FXN
$398M
| $16.1M | 0.04% |
1,188,729
+536,418
| +82% | +$6.78M |
|
318
Mondelez International
MDLZ
$77.7B
| $16M | 0.04% |
391,024
-13,742
| -3% | -$560K |
|
319
Invesco Taxable Municipal Bond ETF
BAB
$1.02B
| $15.9M | 0.04% |
527,063
+213,026
| +68% | +$6.36M |
|
320
United Parcel Service
UPS
$97.6B
| $15.9M | 0.04% |
152,595
-27,619
| -15% | -$2.68M |
|
321
ProShares Short Russell2000
RWM
$122M
| $15.8M | 0.04% |
251,544
+213,038
| +553% | +$14.3M |
|
322
SLB Ltd
SLB
$77.8B
| $15.8M | 0.04% |
217,404
+2,850
| +1% | +$200K |
|
323
Nuveen Municipal Value Fund
NUV
$1.91B
| $15.8M | 0.04% |
1,505,374
+148,568
| +11% | +$1.52M |
|
324
Novartis
NVS
$295B
| $15.6M | 0.04% |
240,120
+14,141
| +6% | +$962K |
|
325
iShares US Healthcare Providers ETF
IHF
$1.18B
| $15.5M | 0.04% |
642,805
-84,540
| -12% | -$1.97M |
|
Similar funds
LPL Financial's Q1 2016 Portfolio in Review
As of Q1 2016, LPL Financial held 3,343 positions worth $35.9B, down 0.34% from $36.1B the previous quarter. Its ten largest holdings account for 22% of the portfolio.
LPL Financial's Q1 2016 filing shows 182 new, 1,288 increased, 1,485 reduced and 239 closed positions. Its largest new stake was Pacer Trendpilot European Index ETF: 322,758 shares worth $8.07M. The largest sale was Invesco QQQ Trust, an estimated $300M.
By sector, the portfolio is most concentrated in Healthcare at 2.9% of assets, down from 2.9% a quarter earlier, followed by Technology and Financials.
- LPL Financial's largest Q1 2016 buy was Pacer Trendpilot European Index ETF: 322,758 shares worth $8.07M.
- LPL Financial added most to Vanguard Total Bond Market in Q1 2016, an estimated $275M increase.
- LPL Financial's biggest Q1 2016 reduction was Invesco QQQ Trust, cutting an estimated $300M.
- LPL Financial fully exited WisdomTree Japan Hedged Health Care Fund in Q1 2016, selling an estimated $11.5M.
- LPL Financial's ten largest holdings make up 22% of its $35.9B portfolio in Q1 2016.
- LPL Financial opened 182 new positions and closed 239 in Q1 2016.
- LPL Financial's portfolio value fell 0.34% quarter-over-quarter to $35.9B.
Based on LPL Financial's 13F filing for Q1 2016, filed 16 May 2016.