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 Morningstar Total Stock Market ETF
VTI
|
+$904M |
| 2 |
Invesco QQQ Trust
QQQ
|
+$640M |
| 3 |
iShares Core US Aggregate Bond ETF
AGG
|
+$579M |
| 4 |
Vanguard Total Bond Market
BND
|
+$540M |
| 5 |
State Street SPDR S&P 500 ETF Trust
SPY
|
+$472M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
iShares Currency Hedged MSCI Japan ETF
HEWJ
|
+$12.8M |
| 2 |
State Street SPDR Bloomberg Short Term High Yield Bond ETF
SJNK
|
+$12.5M |
| 3 |
XIV
VelocityShares Daily Inverse VIX Short Term ETN
XIV
|
+$8.56M |
| 4 |
State Street SPDR S&P Transportation ETF
XTN
|
+$4.43M |
| 5 |
iShares MSCI Japan ETF
EWJ
|
+$4.41M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Healthcare | 2.89% |
| 2 | Financials | 2.66% |
| 3 | Technology | 2.63% |
| 4 | Industrials | 2.33% |
| 5 | Consumer Staples | 2.29% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
401
Nuveen California AMT-Free Quality Municipal Income Fund
NKX
$646M
| $11.4M | 0.03% |
737,238
+378,325
| +105% | +$5.65M |
|
402
W.P. Carey
WPC
$16.8B
| $11.4M | 0.03% |
193,584
+111,137
| +135% | +$6.66M |
|
403
WisdomTree Emerging Markets Local Debt Fund
ELD
$142M
| $11.3M | 0.03% |
332,506
+137,504
| +71% | +$4.86M |
|
404
WisdomTree Japan SmallCap Dividend Fund
DFJ
$385M
| $11.2M | 0.03% |
199,031
+83,106
| +72% | +$4.67M |
|
405
ALPS Sector Dividend Dogs ETF
SDOG
$1.4B
| $11.2M | 0.03% |
314,967
+144,629
| +85% | +$5.19M |
|
406
State Street SPDR S&P Pharmaceuticals ETF
XPH
$476M
| $11.2M | 0.03% |
222,244
+76,815
| +53% | +$3.91M |
|
407
Invesco S&P SmallCap 600 Pure Growth ETF
RZG
$142M
| $11.1M | 0.03% |
426,450
+123,252
| +41% | +$3.46M |
|
408
Invesco International Dividend Achievers ETF
PID
$926M
| $11.1M | 0.03% |
832,602
+399,312
| +92% | +$5.92M |
|
409
Unilever
UL
$137B
| $11.1M | 0.03% |
234,328
+120,588
| +106% | +$5.88M |
|
410
Invesco Dorsey Wright Healthcare Momentum ETF
PTH
$221M
| $11.1M | 0.03% |
632,229
+307,164
| +94% | +$5.65M |
|
411
iShares Morningstar Small-Cap Value ETF
ISCV
$692M
| $11.1M | 0.03% |
293,943
+153,456
| +109% | +$6.05M |
|
412
iShares California Muni Bond ETF
CMF
$4.55B
| $11.1M | 0.03% |
186,438
+124,856
| +203% | +$7.33M |
|
413
First Trust Cloud Computing ETF
SKYY
$2.92B
| $11M | 0.03% |
376,006
+235,831
| +168% | +$7.14M |
|
414
Corning
GLW
$119B
| $11M | 0.03% |
613,866
+125,833
| +26% | +$2.28M |
|
415
Vanguard World Funds Extended Duration ETF
EDV
$3.22B
| $11M | 0.03% |
96,231
+34,657
| +56% | +$4.04M |
|
|
LSI
416
DELISTED
Life Storage, Inc.
LSI
| $10.9M | 0.03% |
150,507
+72,553
| +93% | +$4.85M |
|
417
US Bancorp
USB
$98.2B
| $10.9M | 0.03% |
261,654
+111,956
| +75% | +$4.79M |
|
418
Kayne Anderson Energy Infrastructure Fund
KYN
$2.47B
| $10.9M | 0.03% |
624,374
+328,435
| +111% | +$6.53M |
|
419
Teva Pharmaceuticals
TEVA
$40.8B
| $10.8M | 0.03% |
164,744
+63,965
| +63% | +$3.95M |
|
420
State Street SPDR Portfolio Intermediate Term Corporate Bond ETF
SPIB
$11.5B
| $10.8M | 0.03% |
322,737
+167,382
| +108% | +$5.66M |
|
421
BlackRock Income Trust
BKT
$330M
| $10.8M | 0.03% |
563,297
+332,794
| +144% | +$6.36M |
|
422
Cohen & Steers REIT and Preferred and Income Fund
RNP
$982M
| $10.8M | 0.03% |
581,651
+314,967
| +118% | +$5.63M |
|
423
First Trust Mid Cap Growth AlphaDEX Fund
FNY
$578M
| $10.8M | 0.03% |
379,154
+172,785
| +84% | +$5.05M |
|
424
Palo Alto Networks
PANW
$270B
| $10.8M | 0.03% |
378,480
+169,314
| +81% | +$4.89M |
|
425
Schwab US Large- Cap ETF
SCHX
$71.8B
| $10.7M | 0.03% |
1,340,484
+712,194
| +113% | +$5.81M |
|
Similar funds
LPL Financial's Q4 2015 Portfolio in Review
As of Q4 2015, LPL Financial held 3,338 positions worth $36.1B, up 99% from $18.2B the previous quarter. Its ten largest holdings account for 22% of the portfolio.
LPL Financial deployed $18.4B of net new capital in Q4 2015, opening 550 new positions and adding to 2,405 existing holdings. Its largest new stake was Alphabet (Google) Class A: 1,817,600 shares worth $69.2M.
By sector, the portfolio is most concentrated in Healthcare at 2.9% of assets, down from 3.1% a quarter earlier, followed by Financials and Technology.
On the sell side, the largest reduction was iShares Currency Hedged MSCI Japan ETF, an estimated $12.8M trimmed.
- LPL Financial's largest Q4 2015 buy was Alphabet (Google) Class A: 1,817,600 shares worth $69.2M.
- LPL Financial added most to Vanguard Morningstar Total Stock Market ETF in Q4 2015, an estimated $904M increase.
- LPL Financial's biggest Q4 2015 reduction was iShares Currency Hedged MSCI Japan ETF, cutting an estimated $12.8M.
- LPL Financial fully exited COMCAST CORP SPL A (NEW) in Q4 2015, selling an estimated $4.02M.
- LPL Financial's ten largest holdings make up 22% of its $36.1B portfolio in Q4 2015.
- LPL Financial opened 550 new positions and closed 178 in Q4 2015.
- LPL Financial's portfolio value rose 99% quarter-over-quarter to $36.1B.
Based on LPL Financial's 13F filing for Q4 2015, filed 12 Feb 2016.