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 Total Bond Market
BND
|
+$746M |
| 2 |
iShares Core S&P 500 ETF
IVV
|
+$672M |
| 3 |
iShares Core S&P Mid-Cap ETF
IJH
|
+$629M |
| 4 |
Invesco QQQ Trust
QQQ
|
+$493M |
| 5 |
iShares Core US Aggregate Bond ETF
AGG
|
+$411M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
State Street SPDR S&P MIDCAP 400 ETF Trust
MDY
|
+$86.2M |
| 2 |
iShares S&P Mid-Cap 400 Value ETF
IJJ
|
+$30.8M |
| 3 |
iShares Core S&P Small-Cap ETF
IJR
|
+$29.7M |
| 4 |
iShares S&P 500 Value ETF
IVE
|
+$26M |
| 5 |
iShares Currency Hedged MSCI Japan ETF
HEWJ
|
+$23.2M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Financials | 2.78% |
| 2 | Technology | 2.72% |
| 3 | Healthcare | 2.43% |
| 4 | Industrials | 2.36% |
| 5 | Communication Services | 2.05% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
501
Travelers Companies
TRV
$80.8B
| $6.07M | 0.02% |
47,936
+21,386
| +81% | +$2.63M |
|
502
First Trust Emerging Markets Small Cap AlphaDEX Fund
FEMS
$245M
| $6.04M | 0.02% |
163,733
+120,527
| +279% | +$4.4M |
|
503
iShares Broad USD Investment Grade Corporate Bond ETF
USIG
$17.2B
| $6.02M | 0.02% |
107,754
+3,566
| +3% | +$198K |
|
504
Enbridge
ENB
$124B
| $5.99M | 0.02% |
+150,361
| New | +$6.05M |
|
505
First Trust Nasdaq-100 Select Equal Weight ETF
QQEW
$1.71B
| $5.99M | 0.02% |
111,938
-56,825
| -34% | -$3.01M |
|
506
iShares Global Infrastructure ETF
IGF
$11B
| $5.97M | 0.02% |
135,858
+34,951
| +35% | +$1.53M |
|
507
iShares Morningstar Small-Cap Value ETF
ISCV
$687M
| $5.97M | 0.02% |
127,017
-6,885
| -5% | -$324K |
|
508
Nucor
NUE
$56.4B
| $5.97M | 0.02% |
+103,113
| New | +$6.05M |
|
509
Truist Financial
TFC
$63.2B
| $5.94M | 0.02% |
130,905
+61,219
| +88% | +$2.66M |
|
|
CHI
510
Calamos Convertible Opportunities and Income Fund
CHI
$1.02B
| $5.94M | 0.02% |
527,803
-904,944
| -63% | -$10.1M |
|
|
ETP
511
DELISTED
Energy Transfer Partners, L.P.
ETP
| $5.9M | 0.02% |
289,267
+249,598
| +629% | +$5.57M |
|
512
PPG Industries
PPG
$25.9B
| $5.88M | 0.02% |
53,458
-4,012
| -7% | -$434K |
|
513
Invesco Global Listed Private Equity ETF
PSP
$228M
| $5.88M | 0.02% |
94,238
+27,024
| +40% | +$1.66M |
|
514
Salesforce
CRM
$134B
| $5.87M | 0.02% |
67,811
+41,075
| +154% | +$3.58M |
|
515
Deere & Co
DE
$170B
| $5.84M | 0.02% |
+47,259
| New | +$5.55M |
|
516
Sysco
SYY
$39.7B
| $5.82M | 0.02% |
+115,688
| New | +$6.18M |
|
517
Invesco Aerospace & Defense ETF
PPA
$8.27B
| $5.8M | 0.02% |
126,388
+9,600
| +8% | +$433K |
|
518
Corning
GLW
$126B
| $5.72M | 0.02% |
+190,451
| New | +$5.47M |
|
519
Cigna
CI
$76.6B
| $5.7M | 0.02% |
34,040
-1,940
| -5% | -$312K |
|
520
Invesco S&P 500 Equal Weight Technology ETF
RSPT
$5.38B
| $5.67M | 0.02% |
454,080
-84,320
| -16% | -$1.05M |
|
521
International Paper
IP
$22.3B
| $5.66M | 0.02% |
+105,544
| New | +$5.33M |
|
522
Public Storage
PSA
$60.2B
| $5.64M | 0.02% |
27,052
+1,913
| +8% | +$411K |
|
523
TotalEnergies
TTE
$193B
| $5.61M | 0.02% |
112,989
+87,685
| +347% | +$4.51M |
|
524
Occidental Petroleum
OXY
$57B
| $5.59M | 0.02% |
93,391
+59,595
| +176% | +$3.65M |
|
525
ProShares S&P MidCap 400 Dividend Aristocrats ETF
REGL
$1.77B
| $5.57M | 0.02% |
108,179
-4,452
| -4% | -$229K |
|
Similar funds
LPL Financial's Q2 2017 Portfolio in Review
As of Q2 2017, LPL Financial held 3,108 positions worth $26.4B, up 80% from $14.7B the previous quarter. Its ten largest holdings account for 24% of the portfolio.
LPL Financial deployed $11.3B of net new capital in Q2 2017, opening 409 new positions and adding to 1,228 existing holdings. Its largest new stake was State Street SPDR S&P Dividend ETF: 1,023,486 shares worth $91M.
By sector, the portfolio is most concentrated in Financials at 2.8% of assets, up from 2.4% a quarter earlier, followed by Technology and Healthcare.
On the sell side, the largest reduction was State Street SPDR S&P MIDCAP 400 ETF Trust, an estimated $86.2M trimmed.
- LPL Financial's largest Q2 2017 buy was State Street SPDR S&P Dividend ETF: 1,023,486 shares worth $91M.
- LPL Financial added most to Vanguard Total Bond Market in Q2 2017, an estimated $746M increase.
- LPL Financial's biggest Q2 2017 reduction was State Street SPDR S&P MIDCAP 400 ETF Trust, cutting an estimated $86.2M.
- LPL Financial fully exited Energy Transfer Partners L.p. in Q2 2017, selling an estimated $5.54M.
- LPL Financial's ten largest holdings make up 24% of its $26.4B portfolio in Q2 2017.
- LPL Financial opened 409 new positions and closed 314 in Q2 2017.
- LPL Financial's portfolio value rose 80% quarter-over-quarter to $26.4B.
Based on LPL Financial's 13F filing for Q2 2017, filed 14 Aug 2017.