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 | |
|---|---|---|---|---|---|---|
451
Vanguard Long-Term Corporate Bond ETF
VCLT
$8.83B
| $8.69M | 0.03% |
90,717
+7,974
| +10% | +$754K |
|
452
Xcel Energy
XEL
$51B
| $8.65M | 0.03% |
179,858
+92,613
| +106% | +$4.6M |
|
453
Invesco FTSE RAFI US 1500 Small-Mid ETF
PRFZ
$2.75B
| $8.64M | 0.03% |
332,700
+2,010
| +0.6% | +$51.4K |
|
|
BSCK
454
DELISTED
Invesco BulletShares 2020 Corporate Bond ETF
BSCK
| $8.61M | 0.03% |
404,599
-20,461
| -5% | -$438K |
|
455
AB InBev
BUD
$158B
| $8.57M | 0.03% |
76,865
-6,659
| -8% | -$783K |
|
456
First Trust Materials AlphaDEX Fund
FXZ
$378M
| $8.57M | 0.03% |
195,525
-14,609
| -7% | -$611K |
|
457
WisdomTree US High Dividend Fund
DHS
$1.56B
| $8.56M | 0.03% |
117,469
-37,891
| -24% | -$2.71M |
|
458
First Trust Emerging Markets Small Cap AlphaDEX Fund
FEMS
$245M
| $8.56M | 0.03% |
197,409
+877
| +0.4% | +$36.6K |
|
459
Realty Income
O
$61.2B
| $8.54M | 0.03% |
154,592
+9,694
| +7% | +$526K |
|
460
State Street SPDR Nuveen ICE Municipal Bond ETF
TFI
$3.05B
| $8.51M | 0.03% |
173,792
+9,530
| +6% | +$466K |
|
461
Freeport-McMoran
FCX
$90B
| $8.51M | 0.03% |
448,649
+19,213
| +4% | +$290K |
|
462
British American Tobacco
BTI
$132B
| $8.47M | 0.03% |
126,391
+29,559
| +31% | +$1.93M |
|
463
First Trust Managed Municipal ETF
FMB
$2.03B
| $8.42M | 0.03% |
157,329
+42,394
| +37% | +$2.26M |
|
464
Sysco
SYY
$39.7B
| $8.42M | 0.03% |
138,590
+54,441
| +65% | +$3.08M |
|
|
AGN
465
DELISTED
Allergan plc
AGN
| $8.38M | 0.03% |
51,205
-1,736
| -3% | -$312K |
|
466
Amplify Cybersecurity ETF
HACK
$2.63B
| $8.22M | 0.03% |
259,865
-9,930
| -4% | -$306K |
|
467
Salesforce
CRM
$134B
| $8.22M | 0.03% |
80,372
+6,735
| +9% | +$686K |
|
468
Invesco S&P SmallCap 600 Pure Growth ETF
RZG
$139M
| $8.21M | 0.03% |
215,037
+7,146
| +3% | +$265K |
|
469
EOG Resources
EOG
$78B
| $8.2M | 0.03% |
75,973
+4,795
| +7% | +$483K |
|
|
DWTR
470
DELISTED
Invesco DWA Tactical Sector Rotation ETF
DWTR
| $8.18M | 0.02% |
289,574
-42,562
| -13% | -$1.2M |
|
471
Novartis
NVS
$295B
| $8.16M | 0.02% |
108,423
+8,838
| +9% | +$667K |
|
472
Western Digital
WDC
$179B
| $8.15M | 0.02% |
135,544
+1,170
| +0.9% | +$75.3K |
|
473
Las Vegas Sands
LVS
$30.5B
| $8.08M | 0.02% |
116,268
-8,703
| -7% | -$581K |
|
474
Vanguard Russell 2000 ETF
VTWO
$17.3B
| $8.07M | 0.02% |
132,002
+16,108
| +14% | +$971K |
|
475
Stryker
SYK
$127B
| $8.05M | 0.02% |
51,995
+6,876
| +15% | +$1.05M |
|
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.