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
|
+$746M |
| 2 |
iShares Core S&P 500 ETF
IVV
|
+$672M |
| 3 |
iShares Core S&P Mid-Cap ETF
IJH
|
+$629M |
| 4 |
Invesco QQQ Trust
QQQ
|
+$493M |
| 5 |
iShares Core US Aggregate Bond ETF
AGG
|
+$411M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
State Street SPDR S&P MIDCAP 400 ETF Trust
MDY
|
+$86.2M |
| 2 |
iShares S&P Mid-Cap 400 Value ETF
IJJ
|
+$30.8M |
| 3 |
iShares Core S&P Small-Cap ETF
IJR
|
+$29.7M |
| 4 |
iShares S&P 500 Value ETF
IVE
|
+$26M |
| 5 |
iShares Currency Hedged MSCI Japan ETF
HEWJ
|
+$23.2M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Financials | 2.78% |
| 2 | Technology | 2.72% |
| 3 | Healthcare | 2.43% |
| 4 | Industrials | 2.36% |
| 5 | Communication Services | 2.05% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
326
W.P. Carey
WPC
$17.1B
| $11.7M | 0.04% |
181,724
+5,886
| +3% | +$372K |
|
327
Lowe's Companies
LOW
$116B
| $11.7M | 0.04% |
151,035
+141,553
| +1,493% | +$11.6M |
|
328
iShares Morningstar Mid-Cap ETF
IMCB
$1.64B
| $11.6M | 0.04% |
275,468
-25,532
| -8% | -$1.07M |
|
329
Global X SuperDividend ETF
SDIV
$1.21B
| $11.6M | 0.04% |
178,124
+12,720
| +8% | +$819K |
|
330
Invesco KBW High Dividend Yield Financial ETF
KBWD
$408M
| $11.6M | 0.04% |
476,370
+42,400
| +10% | +$1.02M |
|
331
Emerson Electric
EMR
$82.9B
| $11.5M | 0.04% |
192,136
+290
| +0.2% | +$17.2K |
|
332
US Bancorp
USB
$99.6B
| $11.4M | 0.04% |
219,789
+48,269
| +28% | +$2.49M |
|
333
Invesco S&P Global Water Index ETF
CGW
$1.05B
| $11.3M | 0.04% |
347,848
+287,606
| +477% | +$9.28M |
|
334
Adobe
ADBE
$89.5B
| $11.3M | 0.04% |
79,803
+17,404
| +28% | +$2.38M |
|
335
iShares Core Moderate Allocation ETF
AOM
$1.76B
| $11.3M | 0.04% |
302,785
-16,405
| -5% | -$606K |
|
336
Vanguard Russell 1000 Value ETF
VONV
$20.4B
| $11.3M | 0.04% |
222,988
+14,970
| +7% | +$753K |
|
|
CSF
337
DELISTED
VictoryShares US Discovery Enhanced Volatility Wtd ETF
CSF
| $11.3M | 0.04% |
271,551
-52,647
| -16% | -$2.15M |
|
338
SLB Ltd
SLB
$77.8B
| $11.2M | 0.04% |
170,723
+44,307
| +35% | +$3.18M |
|
339
Vanguard Industrials ETF
VIS
$8.23B
| $11.2M | 0.04% |
87,533
+6,489
| +8% | +$819K |
|
340
Texas Instruments
TXN
$255B
| $10.9M | 0.04% |
141,264
+42,060
| +42% | +$3.37M |
|
341
iShares US Utilities ETF
IDU
$1.41B
| $10.8M | 0.04% |
165,932
-418
| -0.3% | -$27.5K |
|
342
Ares Capital
ARCC
$13.5B
| $10.8M | 0.04% |
656,470
-62,959
| -9% | -$1.06M |
|
343
iShares MSCI Spain ETF
EWP
$1.98B
| $10.7M | 0.04% |
+327,105
| New | +$10.6M |
|
344
Chubb
CB
$140B
| $10.6M | 0.04% |
73,161
+30,211
| +70% | +$4.25M |
|
|
RDS.A
345
DELISTED
Royal Dutch Shell PLC ADS Class A
RDS.A
| $10.6M | 0.04% |
199,791
+119,791
| +150% | +$6.42M |
|
346
Vanguard S&P Mid-Cap 400 ETF
IVOO
$3.73B
| $10.6M | 0.04% |
180,022
-2,634
| -1% | -$154K |
|
347
Ventas
VTR
$48.9B
| $10.6M | 0.04% |
151,879
+2,887
| +2% | +$192K |
|
|
SCHV
348
Schwab US Large-Cap Value ETF
SCHV
$15.8B
| $10.5M | 0.04% |
630,438
+36,558
| +6% | +$608K |
|
349
iShares Short-Term National Muni Bond ETF
SUB
$11.3B
| $10.5M | 0.04% |
99,380
+2,038
| +2% | +$216K |
|
350
John Hancock Multifactor Mid Cap ETF
JHMM
$5.89B
| $10.5M | 0.04% |
336,612
+46,429
| +16% | +$1.43M |
|
Similar funds
LPL Financial's Q2 2017 Portfolio in Review
As of Q2 2017, LPL Financial held 3,108 positions worth $26.4B, up 80% from $14.7B the previous quarter. Its ten largest holdings account for 24% of the portfolio.
LPL Financial deployed $11.3B of net new capital in Q2 2017, opening 409 new positions and adding to 1,228 existing holdings. Its largest new stake was State Street SPDR S&P Dividend ETF: 1,023,486 shares worth $91M.
By sector, the portfolio is most concentrated in Financials at 2.8% of assets, up from 2.4% a quarter earlier, followed by Technology and Healthcare.
On the sell side, the largest reduction was State Street SPDR S&P MIDCAP 400 ETF Trust, an estimated $86.2M trimmed.
- LPL Financial's largest Q2 2017 buy was State Street SPDR S&P Dividend ETF: 1,023,486 shares worth $91M.
- LPL Financial added most to Vanguard Total Bond Market in Q2 2017, an estimated $746M increase.
- LPL Financial's biggest Q2 2017 reduction was State Street SPDR S&P MIDCAP 400 ETF Trust, cutting an estimated $86.2M.
- LPL Financial fully exited Energy Transfer Partners L.p. in Q2 2017, selling an estimated $5.54M.
- LPL Financial's ten largest holdings make up 24% of its $26.4B portfolio in Q2 2017.
- LPL Financial opened 409 new positions and closed 314 in Q2 2017.
- LPL Financial's portfolio value rose 80% quarter-over-quarter to $26.4B.
Based on LPL Financial's 13F filing for Q2 2017, filed 14 Aug 2017.