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 MBS ETF
MBB
|
+$222M |
| 2 |
iShares Core S&P Small-Cap ETF
IJR
|
+$58.9M |
| 3 |
iShares 0-1 Year Treasury Bond ETF
SHV
|
+$46.3M |
| 4 |
iShares Russell 1000 ETF
IWB
|
+$34.4M |
| 5 |
First Trust Dorsey Wright Focus 5 ETF
FV
|
+$30.5M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
State Street SPDR S&P MIDCAP 400 ETF Trust
MDY
|
+$93.5M |
| 2 |
State Street SPDR S&P 500 ETF Trust
SPY
|
+$75.7M |
| 3 |
Alphabet (Google) Class C
GOOG
|
+$47.2M |
| 4 |
iShares Gold Trust
IAU
|
+$46.7M |
| 5 |
iShare MSCI Eurozone ETF
EZU
|
+$44.2M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Healthcare | 3.15% |
| 2 | Financials | 3.12% |
| 3 | Technology | 3.04% |
| 4 | Industrials | 2.56% |
| 5 | Consumer Staples | 2.3% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
RCS
501
PIMCO Strategic Income Fund
RCS
$243M
| $4.46M | 0.02% |
508,776
+139,000
| +38% | +$1.16M |
|
|
CERN
502
DELISTED
Cerner Corp
CERN
| $4.45M | 0.02% |
71,605
+1,089
| +2% | +$71.2K |
|
503
Vodafone
VOD
$36.4B
| $4.44M | 0.02% |
137,475
-197
| -0.1% | -$7.01K |
|
504
iShares Core MSCI Total International Stock ETF
IXUS
$57.7B
| $4.44M | 0.02% |
87,474
-10,756
| -11% | -$563K |
|
505
BlackRock Income Trust
BKT
$331M
| $4.43M | 0.02% |
230,503
+12,654
| +6% | +$241K |
|
506
Vanguard Mega Cap Value ETF
MGV
$13.3B
| $4.42M | 0.02% |
77,354
-4,110
| -5% | -$240K |
|
|
VTA
507
DELISTED
INVESCO DYNAMIC CREDIT OPPORTUNITIES FUND
VTA
| $4.38M | 0.02% |
414,686
-10,280
| -2% | -$116K |
|
508
Invesco Biotechnology & Genome ETF
PBE
$282M
| $4.36M | 0.02% |
90,636
-7,448
| -8% | -$416K |
|
509
State Street Materials Select Sector SPDR ETF
XLB
$8.66B
| $4.34M | 0.02% |
204,722
-57,790
| -22% | -$1.29M |
|
|
FL
510
DELISTED
Foot Locker
FL
| $4.34M | 0.02% |
60,140
+12,571
| +26% | +$895K |
|
511
Polaris
PII
$4.25B
| $4.32M | 0.02% |
36,022
-5,441
| -13% | -$738K |
|
512
Vanguard FTSE Pacific ETF
VPL
$8.06B
| $4.3M | 0.02% |
76,706
+2,592
| +3% | +$150K |
|
513
WisdomTree International AI Enhanced Value Fund
AIVI
$60.5M
| $4.29M | 0.02% |
108,267
-2,799
| -3% | -$115K |
|
|
PWY
514
DELISTED
POWERSHARES DYNAMIC SMALL CAP VALUE PORTFOLIO
PWY
| $4.27M | 0.02% |
181,016
-10,795
| -6% | -$255K |
|
515
PayPal
PYPL
$49.5B
| $4.27M | 0.02% |
+130,776
| New | +$4.68M |
|
516
Nuveen California Quality Municipal Income Fund
NAC
$1.83B
| $4.27M | 0.02% |
281,017
+2,491
| +0.9% | +$36.3K |
|
517
Cohen & Steers Quality Income Realty Fund
RQI
$1.71B
| $4.25M | 0.02% |
378,701
-15,890
| -4% | -$177K |
|
518
iShares MSCI ACWI ETF
ACWI
$32.5B
| $4.21M | 0.02% |
75,104
+19,586
| +35% | +$1.13M |
|
519
VanEck Biotech ETF
BBH
$397M
| $4.19M | 0.02% |
35,543
-11,375
| -24% | -$1.51M |
|
520
American Electric Power
AEP
$72.7B
| $4.19M | 0.02% |
72,929
-1,323
| -2% | -$73.4K |
|
521
Invesco High Yield Equity Dividend Achievers ETF
PEY
$1.14B
| $4.18M | 0.02% |
318,201
-24,209
| -7% | -$315K |
|
522
Johnson Controls International
JCI
$87.5B
| $4.17M | 0.02% |
92,526
-13,741
| -13% | -$633K |
|
523
Public Storage
PSA
$60.5B
| $4.16M | 0.02% |
18,893
+538
| +3% | +$110K |
|
524
Vanguard S&P Mid-Cap 400 ETF
IVOO
$3.74B
| $4.14M | 0.02% |
87,300
+23,404
| +37% | +$1.15M |
|
525
Allstate
ALL
$67.3B
| $4.12M | 0.02% |
68,875
+21,217
| +45% | +$1.33M |
|
Similar funds
LPL Financial's Q3 2015 Portfolio in Review
As of Q3 2015, LPL Financial held 3,027 positions worth $18.2B, down 7.9% from $19.7B the previous quarter. Its ten largest holdings account for 20% of the portfolio.
LPL Financial withdrew a net $644M in Q3 2015, closing 241 positions and reducing 1,426 holdings. Its most notable exit was Alphabet (Google) Class C, an estimated $47.2M position sold in full.
By sector, the portfolio is most concentrated in Healthcare at 3.1% of assets, down from 3.2% a quarter earlier, followed by Financials and Technology.
Against the trend, LPL Financial opened a new position in Kraft Heinz worth $12.4M.
- LPL Financial's largest Q3 2015 buy was Kraft Heinz: 171,423 shares worth $12.4M.
- LPL Financial added most to iShares MBS ETF in Q3 2015, an estimated $222M increase.
- LPL Financial's biggest Q3 2015 reduction was State Street SPDR S&P MIDCAP 400 ETF Trust, cutting an estimated $93.5M.
- LPL Financial fully exited Alphabet (Google) Class C in Q3 2015, selling an estimated $47.2M.
- LPL Financial's ten largest holdings make up 20% of its $18.2B portfolio in Q3 2015.
- LPL Financial opened 157 new positions and closed 241 in Q3 2015.
- LPL Financial's portfolio value fell 7.9% quarter-over-quarter to $18.2B.
Based on LPL Financial's 13F filing for Q3 2015, filed 13 Nov 2015.