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 S&P Mid-Cap 400 Value ETF
IJJ
|
+$19.2M |
| 2 |
MLPI
UBS E-TRACS Alerian MLP Infrastructure ETN
MLPI
|
+$15.3M |
| 3 |
Vanguard S&P 500 Value ETF
VOOV
|
+$12.3M |
| 4 |
iShares MSCI Emerging Markets Min Vol Factor ETF
EEMV
|
+$11.2M |
| 5 |
DWIN
Invesco DWA Tactical Multi-Asset Income ETF
DWIN
|
+$9.33M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Vanguard Total Bond Market
BND
|
+$1.07B |
| 2 |
Vanguard Total Stock Market ETF
VTI
|
+$878M |
| 3 |
iShares Core US Aggregate Bond ETF
AGG
|
+$829M |
| 4 |
Invesco QQQ Trust
QQQ
|
+$809M |
| 5 |
State Street SPDR S&P 500 ETF Trust
SPY
|
+$564M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Financials | 2.32% |
| 2 | Healthcare | 1.58% |
| 3 | Technology | 1.4% |
| 4 | Real Estate | 1.36% |
| 5 | Industrials | 1.14% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
401
BlackRock Enhanced Equity Dividend Trust
BDJ
$1.7B
| $4.63M | 0.04% |
590,747
-562,883
| -49% | -$4.3M |
|
402
Invesco NASDAQ Internet ETF
PNQI
$501M
| $4.62M | 0.04% |
300,495
-293,795
| -49% | -$4.48M |
|
403
ProShares Ultra S&P500
SSO
$7.82B
| $4.6M | 0.04% |
554,520
-1,506,728
| -73% | -$12.2M |
|
404
iShares Core MSCI Total International Stock ETF
IXUS
$57.5B
| $4.6M | 0.04% |
95,593
-91,705
| -49% | -$4.56M |
|
405
National Grid
NGG
$82.7B
| $4.58M | 0.04% |
64,304
-34,999
| -35% | -$2.42M |
|
406
BlackRock Taxable Municipal Bond Trust
BBN
$969M
| $4.53M | 0.04% |
181,649
-151,958
| -46% | -$3.56M |
|
407
ExxonMobil
XOM
$651B
| $4.53M | 0.04% |
48,147
-1,664,120
| -97% | -$147M |
|
408
Medtronic
MDT
$107B
| $4.52M | 0.04% |
51,725
-188,381
| -78% | -$15.2M |
|
409
Wheaton Precious Metals
WPM
$50.6B
| $4.52M | 0.04% |
176,603
-133,280
| -43% | -$2.57M |
|
410
United Parcel Service
UPS
$97.6B
| $4.51M | 0.04% |
41,896
-110,699
| -73% | -$11.5M |
|
411
iShares Global Consumer Staples ETF
KXI
$1.03B
| $4.5M | 0.04% |
90,146
-63,098
| -41% | -$3.08M |
|
|
BPL
412
DELISTED
Buckeye Partners, L.P.
BPL
| $4.5M | 0.04% |
64,183
-35,688
| -36% | -$2.5M |
|
413
ProShares UltraShort S&P500
SDS
$406M
| $4.49M | 0.04% |
2,526
-3,274
| -56% | -$6.05M |
|
414
Chubb
CB
$140B
| $4.48M | 0.04% |
34,616
-31,578
| -48% | -$3.89M |
|
415
ProShares Russell 2000 Dividend Growers ETF
SMDV
$699M
| $4.47M | 0.04% |
95,754
+29,794
| +45% | +$1.32M |
|
416
WisdomTree US MidCap Fund
EZM
$937M
| $4.45M | 0.04% |
147,564
-192,057
| -57% | -$5.82M |
|
|
AWF
417
AllianceBernstein Global High Income Fund
AWF
$867M
| $4.44M | 0.04% |
360,137
-244,535
| -40% | -$2.93M |
|
418
Vanguard Russell 3000 ETF
VTHR
$4.63B
| $4.43M | 0.04% |
46,282
-53,592
| -54% | -$5.08M |
|
419
BlackRock Corporate High Yield Fund
HYT
$1.36B
| $4.39M | 0.04% |
419,540
-422,059
| -50% | -$4.32M |
|
420
iShares Russell 2000 Growth ETF
IWO
$14.5B
| $4.38M | 0.04% |
31,991
-489,364
| -94% | -$66.1M |
|
421
iShares US Financial Services ETF
IYG
$2.13B
| $4.37M | 0.04% |
166,248
-181,680
| -52% | -$5.07M |
|
|
RDS.A
422
DELISTED
Royal Dutch Shell PLC ADS Class A
RDS.A
| $4.37M | 0.04% |
79,698
-181,020
| -69% | -$9.21M |
|
423
Schwab US Mid-Cap ETF
SCHM
$14.6B
| $4.32M | 0.04% |
309,726
-324,600
| -51% | -$4.47M |
|
424
Vanguard FTSE Developed Markets ETF
VEA
$226B
| $4.32M | 0.04% |
122,665
-3,677,112
| -97% | -$133M |
|
425
Vanguard FTSE All-World ex-US Small-Cap Index Fund
VSS
$11.2B
| $4.3M | 0.04% |
46,797
-30,766
| -40% | -$2.92M |
|
Similar funds
LPL Financial's Q2 2016 Portfolio in Review
As of Q2 2016, LPL Financial held 3,304 positions worth $11.8B, down 67% from $35.9B the previous quarter. Its ten largest holdings account for 24% of the portfolio.
LPL Financial withdrew a net $24.9B in Q2 2016, closing 680 positions and reducing 2,172 holdings. Its most notable exit was iShares Gold Trust, an estimated $144M position sold in full.
By sector, the portfolio is most concentrated in Financials at 2.3% of assets, down from 2.6% a quarter earlier, followed by Healthcare and Technology.
Against the trend, LPL Financial opened a new position in Xtrackers MSCI All World ex US Hedged Equity ETF worth $3.23M.
- LPL Financial's largest Q2 2016 buy was Xtrackers MSCI All World ex US Hedged Equity ETF: 150,365 shares worth $3.23M.
- LPL Financial added most to iShares S&P Mid-Cap 400 Value ETF in Q2 2016, an estimated $19.2M increase.
- LPL Financial's biggest Q2 2016 reduction was Vanguard Total Bond Market, cutting an estimated $1.07B.
- LPL Financial fully exited iShares Gold Trust in Q2 2016, selling an estimated $144M.
- LPL Financial's ten largest holdings make up 24% of its $11.8B portfolio in Q2 2016.
- LPL Financial opened 202 new positions and closed 680 in Q2 2016.
- LPL Financial's portfolio value fell 67% quarter-over-quarter to $11.8B.
Based on LPL Financial's 13F filing for Q2 2016, filed 15 Aug 2016.