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 |
State Street SPDR S&P MIDCAP 400 ETF Trust
MDY
|
+$66.6M |
| 2 |
Vanguard Small-Cap Growth ETF
VBK
|
+$35.6M |
| 3 |
State Street Technology Select Sector SPDR ETF
XLK
|
+$28.9M |
| 4 |
iShares Core S&P Small-Cap ETF
IJR
|
+$23M |
| 5 |
VictoryShares US EQ Income Enhanced Volatility Wtd ETF
CDC
|
+$22.1M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Vanguard Total Stock Market ETF
VTI
|
+$930M |
| 2 |
iShares Russell 1000 Growth ETF
IWF
|
+$260M |
| 3 |
Vanguard Intermediate-Term Corporate Bond ETF
VCIT
|
+$156M |
| 4 |
iShares Core MSCI EAFE ETF
IEFA
|
+$129M |
| 5 |
iShares Core MSCI Emerging Markets ETF
IEMG
|
+$79.1M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Financials | 2.88% |
| 2 | Healthcare | 1.78% |
| 3 | Technology | 1.78% |
| 4 | Real Estate | 1.45% |
| 5 | Energy | 1.29% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
426
Vanguard Global ex-US Real Estate ETF
VNQI
$3.46B
| $4.34M | 0.04% |
78,599
-10,197
| -11% | -$570K |
|
|
EWRM
427
DELISTED
GUGGENHEIM RUSSELL MIDCAP EQUAL WEIGHT ETF
EWRM
| $4.33M | 0.04% |
82,476
+9,199
| +13% | +$483K |
|
428
NextEra Energy
NEE
$187B
| $4.31M | 0.04% |
144,788
-9,796
| -6% | -$309K |
|
|
AWF
429
AllianceBernstein Global High Income Fund
AWF
$867M
| $4.28M | 0.04% |
338,462
-21,675
| -6% | -$272K |
|
430
Pacer Trendpilot US Mid Cap ETF
PTMC
$396M
| $4.28M | 0.04% |
170,321
-163,035
| -49% | -$4.13M |
|
431
State Street SPDR Portfolio Intermediate Term Treasury ETF
SPTI
$10.4B
| $4.28M | 0.04% |
140,098
+38,862
| +38% | +$1.19M |
|
432
Vanguard Russell 1000 ETF
VONE
$8.19B
| $4.26M | 0.04% |
43,274
-7,647
| -15% | -$759K |
|
433
Vanguard Communication Services ETF
VOX
$5.53B
| $4.26M | 0.04% |
45,654
-27,498
| -38% | -$2.67M |
|
434
iShares US Financial Services ETF
IYG
$2.13B
| $4.24M | 0.04% |
144,645
-21,603
| -13% | -$622K |
|
435
ProShares Short Russell2000
RWM
$122M
| $4.24M | 0.04% |
78,133
-4,614
| -6% | -$255K |
|
436
iShares US Pharmaceuticals ETF
IHE
$1.47B
| $4.23M | 0.04% |
84,444
-29,304
| -26% | -$1.49M |
|
437
ProShares Short QQQ
PSQ
$694M
| $4.22M | 0.04% |
17,707
-11,156
| -39% | -$2.74M |
|
438
Sysco
SYY
$39.7B
| $4.21M | 0.04% |
87,561
+4,335
| +5% | +$223K |
|
439
iShares Morningstar Value ETF
ILCV
$1.3B
| $4.21M | 0.04% |
96,550
+3,428
| +4% | +$152K |
|
440
Medtronic
MDT
$107B
| $4.21M | 0.04% |
48,904
-2,821
| -5% | -$246K |
|
|
EVV
441
Eaton Vance Limited Duration Income Fund
EVV
$1.06B
| $4.21M | 0.04% |
307,888
+16,959
| +6% | +$232K |
|
442
Wells Fargo
WFC
$261B
| $4.19M | 0.04% |
95,811
-20,750
| -18% | -$993K |
|
|
VER
443
DELISTED
VEREIT, Inc.
VER
| $4.17M | 0.04% |
83,053
-9,338
| -10% | -$486K |
|
444
ProShares Trust Short MSCI EAFE
EFZ
$12.3M
| $4.16M | 0.04% |
65,619
+6,957
| +12% | +$449K |
|
445
TJX Companies
TJX
$170B
| $4.14M | 0.04% |
111,398
-40,284
| -27% | -$1.58M |
|
446
ExxonMobil
XOM
$651B
| $4.13M | 0.04% |
47,676
-471
| -1% | -$41.8K |
|
447
First Trust Materials AlphaDEX Fund
FXZ
$378M
| $4.11M | 0.04% |
122,622
+38,204
| +45% | +$1.3M |
|
448
Vanguard FTSE Developed Markets ETF
VEA
$226B
| $4.11M | 0.04% |
109,927
-12,738
| -10% | -$468K |
|
449
Stryker
SYK
$127B
| $4.1M | 0.04% |
35,228
+509
| +1% | +$59.3K |
|
450
Schwab US TIPS ETF
SCHP
$16.3B
| $4.09M | 0.04% |
144,450
-1,846
| -1% | -$52.3K |
|
Similar funds
LPL Financial's Q3 2016 Portfolio in Review
As of Q3 2016, LPL Financial held 2,855 positions worth $10.5B, down 11% from $11.8B the previous quarter. Its ten largest holdings account for 17% of the portfolio.
LPL Financial withdrew a net $1.45B in Q3 2016, closing 222 positions and reducing 1,147 holdings. Its most notable exit was Vanguard Total Stock Market ETF, an estimated $930M position sold in full.
By sector, the portfolio is most concentrated in Financials at 2.9% of assets, up from 2.3% a quarter earlier, followed by Healthcare and Technology.
Against the trend, LPL Financial opened a new position in State Street Real Estate Select Sector SPDR ETF worth $10.6M.
- LPL Financial's largest Q3 2016 buy was State Street Real Estate Select Sector SPDR ETF: 334,043 shares worth $10.6M.
- LPL Financial added most to State Street SPDR S&P MIDCAP 400 ETF Trust in Q3 2016, an estimated $66.6M increase.
- LPL Financial's biggest Q3 2016 reduction was iShares Russell 1000 Growth ETF, cutting an estimated $260M.
- LPL Financial fully exited Vanguard Total Stock Market ETF in Q3 2016, selling an estimated $930M.
- LPL Financial's ten largest holdings make up 17% of its $10.5B portfolio in Q3 2016.
- LPL Financial opened 235 new positions and closed 222 in Q3 2016.
- LPL Financial's portfolio value fell 11% quarter-over-quarter to $10.5B.
Based on LPL Financial's 13F filing for Q3 2016, filed 16 Nov 2016.