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 Core S&P Mid-Cap ETF
IJH
|
+$83.3M |
| 2 |
iShares Core US Aggregate Bond ETF
AGG
|
+$80.6M |
| 3 |
Vanguard Total Stock Market ETF
VTI
|
+$73.4M |
| 4 |
Vanguard Total Bond Market
BND
|
+$72.3M |
| 5 |
iShares Core S&P US Growth ETF
IUSG
|
+$54.2M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
State Street SPDR S&P 500 ETF Trust
SPY
|
+$47.1M |
| 2 |
State Street Consumer Discretionary Select Sector SPDR ETF
XLY
|
+$37.7M |
| 3 |
iShares Russell Mid-Cap Growth ETF
IWP
|
+$23.5M |
| 4 |
State Street SPDR S&P MIDCAP 400 ETF Trust
MDY
|
+$22.6M |
| 5 |
Vanguard S&P 500 Growth ETF
VOOG
|
+$20.5M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 2.95% |
| 2 | Financials | 2.88% |
| 3 | Healthcare | 2.49% |
| 4 | Industrials | 2.34% |
| 5 | Communication Services | 2.12% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
326
GSK
GSK
$103B
| $12.2M | 0.04% |
241,211
-27,229
| -10% | -$1.38M |
|
327
Phillips 66
PSX
$82.9B
| $12.2M | 0.04% |
133,596
+7,027
| +6% | +$595K |
|
328
Schwab International Equity ETF
SCHF
$65.6B
| $12.2M | 0.04% |
728,088
+95,074
| +15% | +$1.55M |
|
329
US Bancorp
USB
$99.6B
| $12.1M | 0.04% |
226,394
+6,605
| +3% | +$346K |
|
330
ProShares Russell 2000 Dividend Growers ETF
SMDV
$699M
| $12.1M | 0.04% |
215,697
-5,565
| -3% | -$304K |
|
331
Clorox
CLX
$11.6B
| $12.1M | 0.04% |
91,609
-520
| -0.6% | -$69.9K |
|
332
iShares Morningstar Mid-Cap ETF
IMCB
$1.64B
| $12.1M | 0.04% |
275,756
+288
| +0.1% | +$12.3K |
|
333
Blackstone
BX
$104B
| $12M | 0.04% |
360,068
-1,956
| -0.5% | -$64.4K |
|
334
John Hancock Multifactor Mid Cap ETF
JHMM
$5.89B
| $12M | 0.04% |
370,998
+34,386
| +10% | +$1.08M |
|
335
Vanguard Industrials ETF
VIS
$8.23B
| $11.9M | 0.04% |
88,938
+1,405
| +2% | +$182K |
|
336
iShares Core Moderate Allocation ETF
AOM
$1.76B
| $11.9M | 0.04% |
313,259
+10,474
| +3% | +$393K |
|
337
iShares US Energy ETF
IYE
$1.74B
| $11.9M | 0.04% |
317,729
-23,116
| -7% | -$822K |
|
338
WisdomTree Emerging Markets SmallCap Dividend Fund
DGS
$1.7B
| $11.8M | 0.04% |
241,519
+54,452
| +29% | +$2.63M |
|
339
Kraft Heinz
KHC
$30.4B
| $11.8M | 0.04% |
152,068
-5,667
| -4% | -$474K |
|
|
KNOW
340
DELISTED
Direxion All Cap Insider Sentiment Shares
KNOW
| $11.8M | 0.04% |
283,856
+26,011
| +10% | +$1.03M |
|
341
Ares Capital
ARCC
$13.5B
| $11.8M | 0.04% |
719,010
+62,540
| +10% | +$1.01M |
|
342
Vanguard Russell 1000 Value ETF
VONV
$20.4B
| $11.8M | 0.04% |
227,234
+4,246
| +2% | +$216K |
|
343
iShares US Home Construction ETF
ITB
$2.41B
| $11.7M | 0.04% |
320,244
+62,479
| +24% | +$2.15M |
|
344
JPMorgan Diversified Return International Equity ETF
JPIN
$361M
| $11.6M | 0.04% |
200,118
+121,787
| +155% | +$6.96M |
|
345
Baidu
BIDU
$35.8B
| $11.5M | 0.04% |
46,382
+2,979
| +7% | +$650K |
|
346
Vanguard Long-Term Bond ETF
BLV
$5.75B
| $11.4M | 0.04% |
121,853
+28,462
| +30% | +$2.66M |
|
347
iShares US Utilities ETF
IDU
$1.41B
| $11.4M | 0.04% |
171,854
+5,922
| +4% | +$398K |
|
348
iShares Morningstar US Equity ETF
ILCB
$1.26B
| $11.4M | 0.04% |
302,484
+39,012
| +15% | +$1.45M |
|
349
Emerson Electric
EMR
$82.9B
| $11.3M | 0.04% |
180,097
-12,039
| -6% | -$726K |
|
350
First Trust Europe AlphaDEX Fund
FEP
$513M
| $11.3M | 0.04% |
299,855
+18,199
| +6% | +$662K |
|
Similar funds
LPL Financial's Q3 2017 Portfolio in Review
As of Q3 2017, LPL Financial held 3,008 positions worth $28.3B, up 7.3% from $26.4B the previous quarter. Its ten largest holdings account for 24% of the portfolio.
LPL Financial deployed $998M of net new capital in Q3 2017, opening 212 new positions and adding to 1,478 existing holdings. Its largest new stake was JPMorgan BetaBuilders USD High Yield Corporate Bond ETF: 42,420 shares worth $2.19M.
By sector, the portfolio is most concentrated in Technology at 3% of assets, up from 2.7% a quarter earlier, followed by Financials and Healthcare.
On the sell side, the largest reduction was State Street SPDR S&P 500 ETF Trust, an estimated $47.1M trimmed.
- LPL Financial's largest Q3 2017 buy was JPMorgan BetaBuilders USD High Yield Corporate Bond ETF: 42,420 shares worth $2.19M.
- LPL Financial added most to iShares Core S&P Mid-Cap ETF in Q3 2017, an estimated $83.3M increase.
- LPL Financial's biggest Q3 2017 reduction was State Street SPDR S&P 500 ETF Trust, cutting an estimated $47.1M.
- LPL Financial fully exited Reynolds American Inc in Q3 2017, selling an estimated $13.2M.
- LPL Financial's ten largest holdings make up 24% of its $28.3B portfolio in Q3 2017.
- LPL Financial opened 212 new positions and closed 147 in Q3 2017.
- LPL Financial's portfolio value rose 7.3% quarter-over-quarter to $28.3B.
Based on LPL Financial's 13F filing for Q3 2017, filed 14 Nov 2017.