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 Value ETF
VTV
|
+$117M |
| 2 |
Vanguard Total Stock Market ETF
VTI
|
+$108M |
| 3 |
Vanguard FTSE Developed Markets ETF
VEA
|
+$102M |
| 4 |
iShares Core S&P Mid-Cap ETF
IJH
|
+$101M |
| 5 |
iShares Core S&P Small-Cap ETF
IJR
|
+$97.9M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
State Street Health Care Select Sector SPDR ETF
XLV
|
+$41.1M |
| 2 |
iShares Russell 1000 ETF
IWB
|
+$32.7M |
| 3 |
iShares 20+ Year Treasury Bond ETF
TLT
|
+$23.3M |
| 4 |
iShare MSCI Eurozone ETF
EZU
|
+$21.6M |
| 5 |
iShares US Real Estate ETF
IYR
|
+$18.9M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 2.98% |
| 2 | Financials | 2.85% |
| 3 | Industrials | 2.38% |
| 4 | Healthcare | 2.3% |
| 5 | Communication Services | 2.04% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
401
Chubb
CB
$140B
| $10.8M | 0.03% |
73,932
+1,576
| +2% | +$235K |
|
402
Ventas
VTR
$48.9B
| $10.8M | 0.03% |
179,829
+25,511
| +17% | +$1.61M |
|
403
Invesco Large Cap Growth ETF
PWB
$2.29B
| $10.8M | 0.03% |
259,935
+14,176
| +6% | +$575K |
|
404
Blackrock
BLK
$164B
| $10.8M | 0.03% |
20,977
+1,970
| +10% | +$958K |
|
405
Invesco California AMT-Free Municipal Bond ETF
PWZ
$1.14B
| $10.6M | 0.03% |
402,648
+8,961
| +2% | +$235K |
|
406
Travelers Companies
TRV
$80.8B
| $10.6M | 0.03% |
78,237
+25,862
| +49% | +$3.41M |
|
407
iShares Short-Term National Muni Bond ETF
SUB
$11.3B
| $10.6M | 0.03% |
100,769
+2,775
| +3% | +$293K |
|
408
iShares MSCI ACWI ex US ETF
ACWX
$11.3B
| $10.5M | 0.03% |
210,149
-90,645
| -30% | -$4.47M |
|
409
First Trust Consumer Discretionary AlphaDEX Fund
FXD
$263M
| $10.5M | 0.03% |
249,139
+102,535
| +70% | +$4.09M |
|
410
Schwab US Mid-Cap ETF
SCHM
$14.6B
| $10.5M | 0.03% |
589,812
+94,143
| +19% | +$1.62M |
|
411
Blackstone
BX
$104B
| $10.4M | 0.03% |
324,691
-35,377
| -10% | -$1.15M |
|
412
First Trust NASDAQ Technology Dividend Index Fund
TDIV
$4.06B
| $10.4M | 0.03% |
295,076
-13,133
| -4% | -$451K |
|
413
Weyerhaeuser
WY
$17.3B
| $10.2M | 0.03% |
290,407
+8,224
| +3% | +$291K |
|
|
SCHW
414
Charles Schwab
SCHW
$177B
| $10.2M | 0.03% |
199,080
+15,854
| +9% | +$745K |
|
|
SNLN
415
DELISTED
Highland/iBoxx Senior Loan ETF
SNLN
| $10.2M | 0.03% |
558,066
+29,767
| +6% | +$544K |
|
416
iShares US Utilities ETF
IDU
$1.41B
| $10.1M | 0.03% |
151,912
-19,942
| -12% | -$1.37M |
|
417
iShares MSCI USA Quality Factor ETF
QUAL
$45.8B
| $10.1M | 0.03% |
121,635
+18,361
| +18% | +$1.48M |
|
418
Baidu
BIDU
$35.8B
| $10M | 0.03% |
42,774
-3,608
| -8% | -$882K |
|
|
CID
419
DELISTED
VictoryShares International High Div Volatility Wtd ETF
CID
| $9.93M | 0.03% |
274,140
+19,507
| +8% | +$697K |
|
|
AET
420
DELISTED
Aetna Inc
AET
| $9.88M | 0.03% |
54,771
-4,330
| -7% | -$744K |
|
421
American Express
AXP
$223B
| $9.88M | 0.03% |
99,474
+2,769
| +3% | +$264K |
|
422
ProShares Short S&P500
SH
$887M
| $9.86M | 0.03% |
81,663
-107,611
| -57% | -$13.4M |
|
423
T. Rowe Price
TROW
$25B
| $9.81M | 0.03% |
93,522
+6,240
| +7% | +$609K |
|
424
WisdomTree Japan Hedged Equity Fund
DXJ
$7.23B
| $9.72M | 0.03% |
163,796
+41,971
| +34% | +$2.42M |
|
425
Schwab US Large- Cap ETF
SCHX
$70.9B
| $9.64M | 0.03% |
906,732
+44,814
| +5% | +$464K |
|
Similar funds
LPL Financial's Q4 2017 Portfolio in Review
As of Q4 2017, LPL Financial held 3,144 positions worth $32.9B, up 16% from $28.3B the previous quarter. Its ten largest holdings account for 24% of the portfolio.
LPL Financial deployed $3.28B of net new capital in Q4 2017, opening 280 new positions and adding to 1,728 existing holdings. Its largest new stake was Corporate Capital Trust, Inc.: 1,839,393 shares worth $29.4M.
By sector, the portfolio is most concentrated in Technology at 3% of assets, up from 3% a quarter earlier, followed by Financials and Industrials.
On the sell side, the largest reduction was State Street Health Care Select Sector SPDR ETF, an estimated $41.1M trimmed.
- LPL Financial's largest Q4 2017 buy was Corporate Capital Trust, Inc.: 1,839,393 shares worth $29.4M.
- LPL Financial added most to Vanguard Value ETF in Q4 2017, an estimated $117M increase.
- LPL Financial's biggest Q4 2017 reduction was State Street Health Care Select Sector SPDR ETF, cutting an estimated $41.1M.
- LPL Financial fully exited iShares iBonds Dec 2017 Term Corporate ETF in Q4 2017, selling an estimated $4.66M.
- LPL Financial's ten largest holdings make up 24% of its $32.9B portfolio in Q4 2017.
- LPL Financial opened 280 new positions and closed 123 in Q4 2017.
- LPL Financial's portfolio value rose 16% quarter-over-quarter to $32.9B.
Based on LPL Financial's 13F filing for Q4 2017, filed 14 Feb 2018.