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 MBS ETF
MBB
|
+$222M |
| 2 |
iShares Core S&P Small-Cap ETF
IJR
|
+$58.9M |
| 3 |
iShares 0-1 Year Treasury Bond ETF
SHV
|
+$46.3M |
| 4 |
iShares Russell 1000 ETF
IWB
|
+$34.4M |
| 5 |
First Trust Dorsey Wright Focus 5 ETF
FV
|
+$30.5M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
State Street SPDR S&P MIDCAP 400 ETF Trust
MDY
|
+$93.5M |
| 2 |
State Street SPDR S&P 500 ETF Trust
SPY
|
+$75.7M |
| 3 |
Alphabet (Google) Class C
GOOG
|
+$47.2M |
| 4 |
iShares Gold Trust
IAU
|
+$46.7M |
| 5 |
iShare MSCI Eurozone ETF
EZU
|
+$44.2M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Healthcare | 3.15% |
| 2 | Financials | 3.12% |
| 3 | Technology | 3.04% |
| 4 | Industrials | 2.56% |
| 5 | Consumer Staples | 2.3% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
376
Adobe
ADBE
$89.5B
| $6.57M | 0.04% |
76,571
+4,364
| +6% | +$354K |
|
|
CHY
377
Calamos Convertible and High Income Fund
CHY
$1.03B
| $6.53M | 0.04% |
608,142
-368,707
| -38% | -$4.4M |
|
378
Vanguard Financials ETF
VFH
$13.3B
| $6.46M | 0.04% |
136,297
+15,757
| +13% | +$774K |
|
379
Vanguard Total International Bond ETF
BNDX
$82B
| $6.46M | 0.04% |
121,799
-1,096
| -0.9% | -$57.8K |
|
|
CSF
380
DELISTED
VictoryShares US Discovery Enhanced Volatility Wtd ETF
CSF
| $6.45M | 0.04% |
180,858
+25,943
| +17% | +$977K |
|
381
Calamos Strategic Total Return Fund
CSQ
$3.21B
| $6.45M | 0.04% |
676,151
+18,448
| +3% | +$190K |
|
382
Occidental Petroleum
OXY
$57B
| $6.44M | 0.04% |
91,334
+4,315
| +5% | +$301K |
|
383
State Street SPDR S&P Transportation ETF
XTN
$403M
| $6.42M | 0.04% |
140,769
-76,833
| -35% | -$3.65M |
|
384
iShares US Financial Services ETF
IYG
$2.13B
| $6.42M | 0.04% |
219,900
+85,509
| +64% | +$2.62M |
|
385
Vanguard Materials ETF
VAW
$3B
| $6.4M | 0.04% |
69,029
-13,322
| -16% | -$1.31M |
|
|
VER
386
DELISTED
VEREIT, Inc.
VER
| $6.4M | 0.04% |
157,765
-12,242
| -7% | -$511K |
|
387
iShares Global Healthcare ETF
IXJ
$4.11B
| $6.4M | 0.04% |
126,220
-13,496
| -10% | -$728K |
|
|
CIZ
388
DELISTED
VictoryShares Developed Enhanced Volatility Wtd ETF
CIZ
| $6.39M | 0.04% |
197,117
+39,133
| +25% | +$1.34M |
|
389
WisdomTree Japan SmallCap Dividend Fund
DFJ
$385M
| $6.37M | 0.04% |
115,925
-177,695
| -61% | -$9.79M |
|
390
Invesco National AMT-Free Municipal Bond ETF
PZA
$4.22B
| $6.36M | 0.04% |
253,279
-3,259
| -1% | -$81.5K |
|
|
STI
391
DELISTED
SunTrust Banks, Inc.
STI
| $6.35M | 0.04% |
161,914
+132
| +0.1% | +$5.52K |
|
392
Delta Air Lines
DAL
$55.9B
| $6.33M | 0.03% |
134,832
+5,478
| +4% | +$246K |
|
393
PIMCO 25+ Year Zero Coupon US Treasury Index Exchange-Traded Fund
ZROZ
$1.35B
| $6.33M | 0.03% |
56,182
+3,562
| +7% | +$397K |
|
394
ProShares UltraShort S&P500
SDS
$424M
| $6.27M | 0.03% |
2,895
-1,086
| -27% | -$2.33M |
|
395
Vanguard Russell 1000 ETF
VONE
$8.19B
| $6.24M | 0.03% |
68,190
+10,122
| +17% | +$949K |
|
396
US Bancorp
USB
$99.6B
| $6.22M | 0.03% |
149,698
-22,301
| -13% | -$966K |
|
|
EMC
397
DELISTED
EMC CORPORATION
EMC
| $6.2M | 0.03% |
244,884
-15,186
| -6% | -$384K |
|
398
Palo Alto Networks
PANW
$264B
| $6.18M | 0.03% |
209,166
+24,360
| +13% | +$719K |
|
399
National Grid
NGG
$82.7B
| $6.17M | 0.03% |
90,144
+4,481
| +5% | +$287K |
|
400
American Tower
AMT
$77.7B
| $6.15M | 0.03% |
65,880
-2,469
| -4% | -$232K |
|
Similar funds
LPL Financial's Q3 2015 Portfolio in Review
As of Q3 2015, LPL Financial held 3,027 positions worth $18.2B, down 7.9% from $19.7B the previous quarter. Its ten largest holdings account for 20% of the portfolio.
LPL Financial withdrew a net $644M in Q3 2015, closing 241 positions and reducing 1,426 holdings. Its most notable exit was Alphabet (Google) Class C, an estimated $47.2M position sold in full.
By sector, the portfolio is most concentrated in Healthcare at 3.1% of assets, down from 3.2% a quarter earlier, followed by Financials and Technology.
Against the trend, LPL Financial opened a new position in Kraft Heinz worth $12.4M.
- LPL Financial's largest Q3 2015 buy was Kraft Heinz: 171,423 shares worth $12.4M.
- LPL Financial added most to iShares MBS ETF in Q3 2015, an estimated $222M increase.
- LPL Financial's biggest Q3 2015 reduction was State Street SPDR S&P MIDCAP 400 ETF Trust, cutting an estimated $93.5M.
- LPL Financial fully exited Alphabet (Google) Class C in Q3 2015, selling an estimated $47.2M.
- LPL Financial's ten largest holdings make up 20% of its $18.2B portfolio in Q3 2015.
- LPL Financial opened 157 new positions and closed 241 in Q3 2015.
- LPL Financial's portfolio value fell 7.9% quarter-over-quarter to $18.2B.
Based on LPL Financial's 13F filing for Q3 2015, filed 13 Nov 2015.