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 Stock Market ETF
VTI
|
+$1.11B |
| 2 |
iShares Russell 1000 Growth ETF
IWF
|
+$278M |
| 3 |
Vanguard Intermediate-Term Corporate Bond ETF
VCIT
|
+$204M |
| 4 |
iShares Core MSCI EAFE ETF
IEFA
|
+$145M |
| 5 |
Vanguard Information Technology ETF
VGT
|
+$88.6M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
State Street SPDR Bloomberg International Treasury Bond ETF
BWX
|
+$46.9M |
| 2 |
State Street Utilities Select Sector SPDR ETF
XLU
|
+$45.4M |
| 3 |
iShares 20+ Year Treasury Bond ETF
TLT
|
+$39M |
| 4 |
iShares National Muni Bond ETF
MUB
|
+$36.8M |
| 5 |
iShares US Real Estate ETF
IYR
|
+$36.7M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Financials | 2.61% |
| 2 | Technology | 1.36% |
| 3 | Healthcare | 1.34% |
| 4 | Industrials | 1.16% |
| 5 | Energy | 1.08% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
TYG
351
Tortoise Energy Infrastructure Corp
TYG
$1.14B
| $5.84M | 0.04% |
46,372
+5,209
| +13% | +$632K |
|
352
Citigroup
C
$222B
| $5.79M | 0.04% |
95,522
+12,411
| +15% | +$670K |
|
353
Pacer Trendpilot US Mid Cap ETF
PTMC
$396M
| $5.78M | 0.04% |
215,882
+45,561
| +27% | +$1.18M |
|
354
Nuveen AMT-Free Quality Municipal Income Fund
NEA
$3.36B
| $5.77M | 0.04% |
435,003
-32,913
| -7% | -$445K |
|
355
State Street SPDR Portfolio Short Term Corporate Bond ETF
SPSB
$10.4B
| $5.77M | 0.04% |
189,218
+64,300
| +51% | +$1.97M |
|
356
Invesco Building & Construction ETF
PKB
$438M
| $5.77M | 0.04% |
204,855
+134,332
| +190% | +$3.59M |
|
357
Adobe
ADBE
$89.5B
| $5.74M | 0.04% |
55,481
-964
| -2% | -$102K |
|
358
United Parcel Service
UPS
$97.6B
| $5.68M | 0.04% |
49,388
-5,701
| -10% | -$642K |
|
359
Public Storage
PSA
$60.2B
| $5.66M | 0.04% |
25,324
-5,303
| -17% | -$1.13M |
|
360
American Electric Power
AEP
$73.7B
| $5.66M | 0.04% |
90,096
-4,030
| -4% | -$249K |
|
361
Berkshire Hathaway Class A
BRK.A
$1.07T
| $5.66M | 0.04% |
23
-1
| -4% | -$231K |
|
362
iShares 10+ Year Investment Grade Corporate Bond ETF
IGLB
$2.59B
| $5.65M | 0.04% |
95,645
+6,415
| +7% | +$384K |
|
|
BFIN
363
DELISTED
BankFinancial
BFIN
| $5.65M | 0.04% |
377,035
-35,650
| -9% | -$485K |
|
|
SIR
364
DELISTED
SELECT INCOME REIT
SIR
| $5.64M | 0.04% |
502,577
+17,329
| +4% | +$189K |
|
|
ETP
365
DELISTED
Energy Transfer Partners L.p.
ETP
| $5.63M | 0.04% |
157,015
+18,705
| +14% | +$667K |
|
366
iShares Morningstar Value ETF
ILCV
$1.3B
| $5.62M | 0.04% |
118,212
+21,662
| +22% | +$980K |
|
367
State Street SPDR S&P Homebuilders ETF
XHB
$1.74B
| $5.62M | 0.04% |
164,440
-13,996
| -8% | -$469K |
|
368
Cisco
CSCO
$450B
| $5.57M | 0.04% |
182,393
-40,956
| -18% | -$1.25M |
|
369
Welltower
WELL
$178B
| $5.57M | 0.04% |
84,071
+9,258
| +12% | +$613K |
|
370
Vanguard Long-Term Bond ETF
BLV
$5.75B
| $5.55M | 0.04% |
61,993
-7,490
| -11% | -$689K |
|
371
iShare MSCI Eurozone ETF
EZU
$9.41B
| $5.54M | 0.04% |
159,716
-458,553
| -74% | -$15.5M |
|
372
Nucor
NUE
$56.4B
| $5.54M | 0.04% |
92,855
-269
| -0.3% | -$15K |
|
373
Amplify Cybersecurity ETF
HACK
$2.63B
| $5.53M | 0.04% |
207,493
-17,621
| -8% | -$475K |
|
374
Nuveen California AMT-Free Quality Municipal Income Fund
NKX
$651M
| $5.52M | 0.04% |
384,796
+3,907
| +1% | +$57.8K |
|
375
First Trust Cloud Computing ETF
SKYY
$2.74B
| $5.49M | 0.04% |
157,802
+3,610
| +2% | +$124K |
|
Similar funds
LPL Financial's Q4 2016 Portfolio in Review
As of Q4 2016, LPL Financial held 2,896 positions worth $13.1B, up 25% from $10.5B the previous quarter. Its ten largest holdings account for 25% of the portfolio.
LPL Financial deployed $2.3B of net new capital in Q4 2016, opening 264 new positions and adding to 1,138 existing holdings. Its largest new stake was Vanguard Total Stock Market ETF: 9,825,004 shares worth $1.14B.
By sector, the portfolio is most concentrated in Financials at 2.6% of assets, down from 2.9% a quarter earlier, followed by Technology and Healthcare.
On the sell side, the largest reduction was State Street SPDR Bloomberg International Treasury Bond ETF, an estimated $46.9M trimmed.
- LPL Financial's largest Q4 2016 buy was Vanguard Total Stock Market ETF: 9,825,004 shares worth $1.14B.
- LPL Financial added most to iShares Russell 1000 Growth ETF in Q4 2016, an estimated $278M increase.
- LPL Financial's biggest Q4 2016 reduction was State Street SPDR Bloomberg International Treasury Bond ETF, cutting an estimated $46.9M.
- LPL Financial fully exited Credit Suisse X- Links Cushing MLP Infrastructure ETN's due April 20, 2020 in Q4 2016, selling an estimated $9.37M.
- LPL Financial's ten largest holdings make up 25% of its $13.1B portfolio in Q4 2016.
- LPL Financial opened 264 new positions and closed 226 in Q4 2016.
- LPL Financial's portfolio value rose 25% quarter-over-quarter to $13.1B.
Based on LPL Financial's 13F filing for Q4 2016, filed 13 Feb 2017.