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 Core S&P US Growth ETF
IUSG
|
+$195M |
| 2 |
iShares Core S&P US Value ETF
IUSV
|
+$162M |
| 3 |
State Street SPDR S&P 500 ETF Trust
SPY
|
+$131M |
| 4 |
Global X MLP & Energy Infrastructure ETF
MLPX
|
+$62.6M |
| 5 |
Vanguard Intermediate-Term Corporate Bond ETF
VCIT
|
+$61.8M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
State Street SPDR S&P Dividend ETF
SDY
|
+$82.3M |
| 2 |
State Street SPDR Dow Jones Global Real Estate ETF
RWO
|
+$39M |
| 3 |
iShares S&P Small-Cap 600 Value ETF
IJS
|
+$35.5M |
| 4 |
State Street SPDR S&P MIDCAP 400 ETF Trust
MDY
|
+$35.1M |
| 5 |
iShares Russell 1000 ETF
IWB
|
+$29.5M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Financials | 2.4% |
| 2 | Technology | 1.31% |
| 3 | Healthcare | 1.28% |
| 4 | Consumer Discretionary | 1.07% |
| 5 | Industrials | 1.01% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
501
iShares 0-5 Year TIPS Bond ETF
STIP
$15.8B
| $4.06M | 0.03% |
40,014
+6,857
| +21% | +$693K |
|
502
ProShares Short 20+ Year Treasury ETF
TBF
$84.9M
| $4.04M | 0.03% |
173,873
-19,434
| -10% | -$460K |
|
503
Invesco Zacks Multi-Asset Income ETF
CVY
$123M
| $4.04M | 0.03% |
196,320
+9,126
| +5% | +$188K |
|
504
DTE Energy
DTE
$31.1B
| $4.04M | 0.03% |
+46,652
| New | +$3.95M |
|
505
Invesco Variable Rate Preferred ETF
VRP
$2.99B
| $4.03M | 0.03% |
157,563
+24,216
| +18% | +$610K |
|
506
iShares 0-1 Year Treasury Bond ETF
SHV
$20.7B
| $4.02M | 0.03% |
36,429
-67,107
| -65% | -$7.4M |
|
507
iShares Expanded Tech-Software Sector ETF
IGV
$11.8B
| $4M | 0.03% |
158,935
+15,305
| +11% | +$369K |
|
508
State Street SPDR S&P Oil & Gas Equipment & Services ETF
XES
$380M
| $4M | 0.03% |
20,183
+15,155
| +301% | +$3.28M |
|
509
Vanguard Growth ETF
VUG
$216B
| $3.96M | 0.03% |
195,240
-126,738
| -39% | -$2.5M |
|
510
Allstate
ALL
$66.9B
| $3.95M | 0.03% |
48,521
-3,166
| -6% | -$249K |
|
511
iShares Global Tech ETF
IXN
$8.7B
| $3.94M | 0.03% |
190,524
+15,030
| +9% | +$297K |
|
512
Vanguard Long-Term Corporate Bond ETF
VCLT
$8.83B
| $3.94M | 0.03% |
43,691
-1,682
| -4% | -$151K |
|
513
Invesco California Value Municipal Income Trust
VCV
$515M
| $3.94M | 0.03% |
319,655
+6,597
| +2% | +$81.2K |
|
514
iShares Global Consumer Staples ETF
KXI
$1.03B
| $3.93M | 0.03% |
79,080
-100
| -0.1% | -$4.81K |
|
515
Unilever
UL
$131B
| $3.93M | 0.03% |
70,934
-60,875
| -46% | -$3.08M |
|
516
Invesco Global Listed Private Equity ETF
PSP
$228M
| $3.91M | 0.03% |
67,214
+30,000
| +81% | +$1.75M |
|
517
First Trust Mid Cap Growth AlphaDEX Fund
FNY
$580M
| $3.88M | 0.03% |
116,775
+8,389
| +8% | +$275K |
|
518
CSX Corp
CSX
$98.6B
| $3.88M | 0.03% |
249,621
+167,787
| +205% | +$2.56M |
|
519
Vanguard FTSE Developed Markets ETF
VEA
$226B
| $3.87M | 0.03% |
98,402
+1,163
| +1% | +$44.6K |
|
520
3M
MMM
$89B
| $3.86M | 0.03% |
24,191
+7,596
| +46% | +$1.17M |
|
|
FEN
521
DELISTED
First Trust Energy Income and Growth Fund
FEN
| $3.85M | 0.03% |
143,924
+23,521
| +20% | +$637K |
|
522
Oracle
ORCL
$331B
| $3.84M | 0.03% |
86,025
-30,124
| -26% | -$1.25M |
|
523
Invesco Senior Income Trust
VVR
$456M
| $3.83M | 0.03% |
827,957
+28,513
| +4% | +$133K |
|
|
JHMT
524
DELISTED
John Hancock Multifactor Technology ETF
JHMT
| $3.82M | 0.03% |
111,422
+64,797
| +139% | +$2.14M |
|
525
First Trust Managed Municipal ETF
FMB
$2.03B
| $3.81M | 0.03% |
73,748
-29,008
| -28% | -$1.49M |
|
Similar funds
LPL Financial's Q1 2017 Portfolio in Review
As of Q1 2017, LPL Financial held 2,916 positions worth $14.7B, up 12% from $13.1B the previous quarter. Its ten largest holdings account for 25% of the portfolio.
LPL Financial deployed $1.09B of net new capital in Q1 2017, opening 235 new positions and adding to 1,364 existing holdings. Its largest new stake was iShares Gold Trust: 517,438 shares worth $12.5M.
By sector, the portfolio is most concentrated in Financials at 2.4% of assets, down from 2.6% a quarter earlier, followed by Technology and Healthcare.
On the sell side, the largest reduction was State Street SPDR Dow Jones Global Real Estate ETF, an estimated $39M trimmed.
- LPL Financial's largest Q1 2017 buy was iShares Gold Trust: 517,438 shares worth $12.5M.
- LPL Financial added most to iShares Core S&P US Growth ETF in Q1 2017, an estimated $195M increase.
- LPL Financial's biggest Q1 2017 reduction was State Street SPDR Dow Jones Global Real Estate ETF, cutting an estimated $39M.
- LPL Financial fully exited State Street SPDR S&P Dividend ETF in Q1 2017, selling an estimated $82.3M.
- LPL Financial's ten largest holdings make up 25% of its $14.7B portfolio in Q1 2017.
- LPL Financial opened 235 new positions and closed 216 in Q1 2017.
- LPL Financial's portfolio value rose 12% quarter-over-quarter to $14.7B.
Based on LPL Financial's 13F filing for Q1 2017, filed 15 May 2017.