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 | |
|---|---|---|---|---|---|---|
551
iShares Residential and Multisector Real Estate ETF
REZ
$904M
| $3.62M | 0.02% |
57,292
-14,648
| -20% | -$913K |
|
552
iShares Semiconductor ETF
SOXX
$42.7B
| $3.62M | 0.02% |
79,818
+17,682
| +28% | +$771K |
|
553
Motorola Solutions
MSI
$70.3B
| $3.61M | 0.02% |
42,576
-2,658
| -6% | -$217K |
|
554
American Airlines Group
AAL
$9.9B
| $3.61M | 0.02% |
85,031
-13,008
| -13% | -$589K |
|
555
iShares Morningstar Mid-Cap Growth ETF
IMCG
$3.95B
| $3.6M | 0.02% |
124,872
+13,782
| +12% | +$392K |
|
556
State Street SPDR Nuveen ICE Municipal Bond ETF
TFI
$3.06B
| $3.6M | 0.02% |
75,292
-6,488
| -8% | -$309K |
|
|
BSCL
557
DELISTED
Invesco BulletShares 2021 Corporate Bond ETF
BSCL
| $3.59M | 0.02% |
169,428
+5,031
| +3% | +$106K |
|
558
NextEra Energy
NEE
$185B
| $3.59M | 0.02% |
111,448
-21,212
| -16% | -$667K |
|
559
Starbucks
SBUX
$118B
| $3.58M | 0.02% |
61,348
-22,350
| -27% | -$1.26M |
|
560
Lumen
LUMN
$6.45B
| $3.58M | 0.02% |
151,559
+43,855
| +41% | +$1.07M |
|
561
iShares Russell 1000 Value ETF
IWD
$81.5B
| $3.5M | 0.02% |
30,516
+6,403
| +27% | +$734K |
|
|
HTD
562
John Hancock Tax-Advantaged Dividend Income Fund
HTD
$918M
| $3.5M | 0.02% |
140,969
+9,095
| +7% | +$221K |
|
563
Bank of America
BAC
$436B
| $3.5M | 0.02% |
148,291
+21,573
| +17% | +$512K |
|
|
EWRM
564
DELISTED
GUGGENHEIM RUSSELL MIDCAP EQUAL WEIGHT ETF
EWRM
| $3.5M | 0.02% |
59,660
-22,479
| -27% | -$1.32M |
|
565
Nuveen S&P 500 Dynamic Overwrite Fund
SPXX
$333M
| $3.49M | 0.02% |
236,760
+156,811
| +196% | +$2.33M |
|
566
iShares Global Energy ETF
IXC
$2.71B
| $3.49M | 0.02% |
105,354
-209,177
| -67% | -$7.06M |
|
567
iShares Europe ETF
IEV
$1.64B
| $3.48M | 0.02% |
83,570
+12,558
| +18% | +$507K |
|
568
TJX Companies
TJX
$173B
| $3.48M | 0.02% |
88,834
-9,724
| -10% | -$375K |
|
569
Akamai
AKAM
$16.4B
| $3.47M | 0.02% |
59,618
+8,201
| +16% | +$539K |
|
|
HPI
570
John Hancock Preferred Income Fund
HPI
$430M
| $3.43M | 0.02% |
159,204
+16,656
| +12% | +$349K |
|
571
WisdomTree International SmallCap Dividend Fund
DLS
$1.05B
| $3.43M | 0.02% |
52,337
+10,555
| +25% | +$672K |
|
572
BlackRock Enhanced Equity Dividend Trust
BDJ
$1.7B
| $3.43M | 0.02% |
403,488
-161,653
| -29% | -$1.35M |
|
|
RSX
573
DELISTED
VanEck Russia ETF
RSX
| $3.42M | 0.02% |
163,402
-72,126
| -31% | -$1.52M |
|
574
Biogen
BIIB
$29.5B
| $3.38M | 0.02% |
12,408
+2,075
| +20% | +$587K |
|
|
IBDK
575
DELISTED
iShares iBonds Dec 2019 Term Corporate ETF
IBDK
| $3.37M | 0.02% |
135,000
+70,550
| +109% | +$1.76M |
|
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.