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 | |
|---|---|---|---|---|---|---|
301
Johnson & Johnson
JNJ
$635B
| $6.27M | 0.05% |
51,205
-1,539,032
| -97% | -$175M |
|
302
Crown Castle
CCI
$32.7B
| $6.26M | 0.05% |
61,450
-17,063
| -22% | -$1.55M |
|
|
APU
303
DELISTED
AmeriGas Partners, L.P.
APU
| $6.25M | 0.05% |
132,537
-124,311
| -48% | -$5.45M |
|
304
iShares Morningstar US Equity ETF
ILCB
$1.26B
| $6.2M | 0.05% |
201,980
-213,548
| -51% | -$6.46M |
|
305
AT&T
T
$165B
| $6.19M | 0.05% |
189,899
-5,856,780
| -97% | -$174M |
|
306
Nuveen California AMT-Free Quality Municipal Income Fund
NKX
$651M
| $6.16M | 0.05% |
356,440
-358,227
| -50% | -$5.85M |
|
307
iShares MSCI EAFE Small-Cap ETF
SCZ
$13.5B
| $6.12M | 0.05% |
128,889
-542,476
| -81% | -$27.2M |
|
308
State Street Health Care Select Sector SPDR ETF
XLV
$42.1B
| $6.11M | 0.05% |
83,746
-3,354,506
| -98% | -$236M |
|
309
Invesco DB Precious Metals Fund
DBP
$237M
| $6.09M | 0.05% |
143,458
+11,312
| +9% | +$435K |
|
310
iShares MSCI USA Min Vol Factor ETF
USMV
$23.2B
| $6.06M | 0.05% |
130,290
-9,312,296
| -99% | -$414M |
|
311
Schwab US Large- Cap ETF
SCHX
$70.9B
| $6.06M | 0.05% |
729,720
-530,658
| -42% | -$4.36M |
|
312
Philip Morris
PM
$301B
| $6.04M | 0.05% |
59,074
-481,964
| -89% | -$48.1M |
|
313
Adobe
ADBE
$89.5B
| $6.03M | 0.05% |
63,374
-21,610
| -25% | -$2.08M |
|
314
iShares US Industrials ETF
IYJ
$1.98B
| $6.02M | 0.05% |
109,692
-385,064
| -78% | -$20.9M |
|
315
Starbucks
SBUX
$118B
| $5.97M | 0.05% |
105,127
-1,456,976
| -93% | -$82.8M |
|
316
iShares Currency Hedged MSCI EAFE ETF
HEFA
$7.44B
| $5.93M | 0.05% |
257,742
-490,644
| -66% | -$11.8M |
|
317
TJX Companies
TJX
$170B
| $5.89M | 0.05% |
151,682
-94,250
| -38% | -$3.6M |
|
318
First Trust Europe AlphaDEX Fund
FEP
$513M
| $5.86M | 0.05% |
222,962
-265,572
| -54% | -$7.69M |
|
319
Invesco Municipal Opportunity Trust
VMO
$647M
| $5.83M | 0.05% |
389,916
-264,380
| -40% | -$3.78M |
|
320
iShares MSCI ACWI ETF
ACWI
$32.6B
| $5.83M | 0.05% |
104,511
-72,396
| -41% | -$4.09M |
|
321
Invesco Dorsey Wright Consumer Staples Momentum ETF
PSL
$83.4M
| $5.82M | 0.05% |
99,602
-84,664
| -46% | -$4.8M |
|
322
State Street SPDR S&P Health Care Services ETF
XHS
$205M
| $5.78M | 0.05% |
100,730
-104,224
| -51% | -$5.95M |
|
323
Vanguard Long-Term Bond ETF
BLV
$5.75B
| $5.77M | 0.05% |
57,448
-38,416
| -40% | -$3.63M |
|
324
VanEck BDC Income ETF
BIZD
$1.58B
| $5.76M | 0.05% |
351,000
-137,777
| -28% | -$2.25M |
|
325
iShares US Medical Devices ETF
IHI
$3.02B
| $5.75M | 0.05% |
250,950
-204,846
| -45% | -$4.44M |
|
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.