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 | |
|---|---|---|---|---|---|---|
326
iShares MSCI USA Quality Factor ETF
QUAL
$45.8B
| $5.75M | 0.05% |
87,102
-36,876
| -30% | -$2.42M |
|
327
State Street SPDR S&P Oil & Gas Exploration & Production ETF
XOP
$3.42B
| $5.71M | 0.05% |
41,591
-11,871
| -22% | -$1.63M |
|
328
Invesco KBW Premium Yield Equity REIT ETF
KBWY
$319M
| $5.7M | 0.05% |
159,214
-99,008
| -38% | -$3.3M |
|
329
Vanguard Intermediate-Term Treasury ETF
VGIT
$41.6B
| $5.68M | 0.05% |
84,316
-46,109
| -35% | -$3.06M |
|
|
SE
330
DELISTED
Spectra Energy Corp Wi
SE
| $5.67M | 0.05% |
155,978
-111,532
| -42% | -$3.56M |
|
331
iShares US Financials ETF
IYF
$4.39B
| $5.65M | 0.05% |
133,274
-166,048
| -55% | -$7.18M |
|
332
First Trust Small Cap Growth AlphaDEX Fund
FYC
$1.24B
| $5.64M | 0.05% |
179,848
-89,615
| -33% | -$2.74M |
|
333
Amplify Cybersecurity ETF
HACK
$2.63B
| $5.61M | 0.05% |
235,200
-327,222
| -58% | -$7.76M |
|
334
EOG Resources
EOG
$78B
| $5.61M | 0.05% |
67,773
+13,854
| +26% | +$1.11M |
|
335
iShares US Pharmaceuticals ETF
IHE
$1.47B
| $5.6M | 0.05% |
113,748
-142,074
| -56% | -$6.76M |
|
336
Allstate
ALL
$66.9B
| $5.54M | 0.05% |
79,682
+23,643
| +42% | +$1.58M |
|
337
Thermo Fisher Scientific
TMO
$211B
| $5.52M | 0.05% |
37,010
-27,264
| -42% | -$4.02M |
|
|
DBL
338
DoubleLine Opportunistic Credit Fund
DBL
$278M
| $5.5M | 0.05% |
206,044
-249,002
| -55% | -$6.56M |
|
339
Sherwin-Williams
SHW
$78.3B
| $5.5M | 0.05% |
55,038
-22,767
| -29% | -$2.22M |
|
340
Nuveen California Quality Municipal Income Fund
NAC
$1.83B
| $5.47M | 0.05% |
319,566
-277,211
| -46% | -$4.54M |
|
341
Eaton Vance Tax-Managed Global Diversified Equity Income Fund
EXG
$2.91B
| $5.45M | 0.05% |
631,796
-603,023
| -49% | -$5.27M |
|
342
Wells Fargo
WFC
$261B
| $5.44M | 0.05% |
116,561
-1,280,479
| -92% | -$62.4M |
|
343
Invesco International Dividend Achievers ETF
PID
$913M
| $5.39M | 0.05% |
388,327
-370,729
| -49% | -$5.25M |
|
344
Oracle
ORCL
$331B
| $5.36M | 0.05% |
132,127
-331,933
| -72% | -$13.3M |
|
345
iShares 10+ Year Investment Grade Corporate Bond ETF
IGLB
$2.59B
| $5.35M | 0.05% |
83,669
-74,105
| -47% | -$4.48M |
|
346
PPG Industries
PPG
$25.9B
| $5.34M | 0.05% |
51,811
+3,855
| +8% | +$421K |
|
347
iShares Agency Bond ETF
AGZ
$553M
| $5.33M | 0.05% |
45,970
-43,209
| -48% | -$4.96M |
|
348
US Bancorp
USB
$99.6B
| $5.32M | 0.05% |
135,751
-6,506
| -5% | -$271K |
|
349
iShares Europe ETF
IEV
$1.63B
| $5.29M | 0.04% |
144,643
-146,833
| -50% | -$5.76M |
|
350
Invesco KBW High Dividend Yield Financial ETF
KBWD
$408M
| $5.27M | 0.04% |
253,921
-120,230
| -32% | -$2.5M |
|
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.