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 S&P Mid-Cap 400 Value ETF
IJJ
|
+$19.2M |
| 2 |
MLPI
UBS E-TRACS Alerian MLP Infrastructure ETN
MLPI
|
+$15.3M |
| 3 |
Vanguard S&P 500 Value ETF
VOOV
|
+$12.3M |
| 4 |
iShares MSCI Emerging Markets Min Vol Factor ETF
EEMV
|
+$11.2M |
| 5 |
DWIN
Invesco DWA Tactical Multi-Asset Income ETF
DWIN
|
+$9.33M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Vanguard Total Bond Market
BND
|
+$1.07B |
| 2 |
Vanguard Total Stock Market ETF
VTI
|
+$878M |
| 3 |
iShares Core US Aggregate Bond ETF
AGG
|
+$829M |
| 4 |
Invesco QQQ Trust
QQQ
|
+$809M |
| 5 |
State Street SPDR S&P 500 ETF Trust
SPY
|
+$564M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Financials | 2.32% |
| 2 | Healthcare | 1.58% |
| 3 | Technology | 1.4% |
| 4 | Real Estate | 1.36% |
| 5 | Industrials | 1.14% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
626
Eaton Vance Tax-Managed Diversified Equity Income Fund
ETY
$2.27B
| $2.6M | 0.02% |
248,519
-257,603
| -51% | -$2.69M |
|
627
Campbell Soup
CPB
$6.51B
| $2.6M | 0.02% |
38,495
-39,992
| -51% | -$2.51M |
|
628
Invesco CurrencyShares Japanese Yen Trust
FXY
$423M
| $2.59M | 0.02% |
27,134
-29,288
| -52% | -$2.63M |
|
629
Selective Insurance
SIGI
$5.74B
| $2.57M | 0.02% |
68,720
-73,720
| -52% | -$2.66M |
|
630
PIMCO 25+ Year Zero Coupon US Treasury Index Exchange-Traded Fund
ZROZ
$1.34B
| $2.56M | 0.02% |
18,141
-114,812
| -86% | -$14.4M |
|
631
Invesco S&P SmallCap 600 Revenue ETF
RWJ
$2.03B
| $2.55M | 0.02% |
140,106
-131,724
| -48% | -$2.4M |
|
632
iShares iBoxx $ High Yield Corporate Bond ETF
HYG
$16.3B
| $2.55M | 0.02% |
30,226
-1,265,896
| -98% | -$105M |
|
|
SPYM
633
State Street SPDR Portfolio S&P 500 ETF
SPYM
$158B
| $2.55M | 0.02% |
104,056
-245,076
| -70% | -$5.95M |
|
634
BlackRock Multi-Sector Income Trust
BIT
$696M
| $2.55M | 0.02% |
152,625
-65,232
| -30% | -$1.06M |
|
635
Boston Scientific
BSX
$65.8B
| $2.54M | 0.02% |
107,516
+47,810
| +80% | +$1.03M |
|
636
RTX Corp
RTX
$287B
| $2.54M | 0.02% |
39,744
-304,268
| -88% | -$19.5M |
|
637
Sensata Technologies
ST
$6.65B
| $2.53M | 0.02% |
+72,002
| New | +$2.63M |
|
638
VanEck Agribusiness ETF
MOO
$989M
| $2.52M | 0.02% |
53,265
-46,340
| -47% | -$2.23M |
|
639
AbbVie
ABBV
$458B
| $2.52M | 0.02% |
40,145
-965,593
| -96% | -$58.8M |
|
640
iShares 0-5 Year High Yield Corporate Bond ETF
SHYG
$7.57B
| $2.52M | 0.02% |
54,632
-97,838
| -64% | -$4.46M |
|
641
Invesco Dorsey Wright Healthcare Momentum ETF
PTH
$166M
| $2.52M | 0.02% |
167,109
-242,790
| -59% | -$3.61M |
|
642
Cintas
CTAS
$82.4B
| $2.52M | 0.02% |
101,556
+55,984
| +123% | +$1.29M |
|
643
Cincinnati Financial
CINF
$28.3B
| $2.51M | 0.02% |
33,503
-34,964
| -51% | -$2.37M |
|
644
DuPont de Nemours
DD
$18.6B
| $2.51M | 0.02% |
20,625
-145,477
| -88% | -$19.1M |
|
645
United States Natural Gas Fund
UNG
$470M
| $2.51M | 0.02% |
18,988
-9,659
| -34% | -$1.1M |
|
646
iShares MSCI Taiwan ETF
EWT
$10B
| $2.51M | 0.02% |
90,634
-118,507
| -57% | -$3.16M |
|
|
HIO
647
Western Asset High Income Opportunity Fund
HIO
$335M
| $2.51M | 0.02% |
511,620
-879,842
| -63% | -$4.2M |
|
648
Ulta Beauty
ULTA
$20.4B
| $2.5M | 0.02% |
10,080
-9,844
| -49% | -$2.14M |
|
649
HCA Healthcare
HCA
$84.8B
| $2.49M | 0.02% |
32,726
+13,996
| +75% | +$1.1M |
|
|
ARII
650
DELISTED
American Railcar Industries, Inc.
ARII
| $2.49M | 0.02% |
64,457
-49,002
| -43% | -$1.97M |
|
Similar funds
LPL Financial's Q2 2016 Portfolio in Review
As of Q2 2016, LPL Financial held 3,304 positions worth $11.8B, down 67% from $35.9B the previous quarter. Its ten largest holdings account for 24% of the portfolio.
LPL Financial withdrew a net $24.9B in Q2 2016, closing 680 positions and reducing 2,172 holdings. Its most notable exit was iShares Gold Trust, an estimated $144M position sold in full.
By sector, the portfolio is most concentrated in Financials at 2.3% of assets, down from 2.6% a quarter earlier, followed by Healthcare and Technology.
Against the trend, LPL Financial opened a new position in Xtrackers MSCI All World ex US Hedged Equity ETF worth $3.23M.
- LPL Financial's largest Q2 2016 buy was Xtrackers MSCI All World ex US Hedged Equity ETF: 150,365 shares worth $3.23M.
- LPL Financial added most to iShares S&P Mid-Cap 400 Value ETF in Q2 2016, an estimated $19.2M increase.
- LPL Financial's biggest Q2 2016 reduction was Vanguard Total Bond Market, cutting an estimated $1.07B.
- LPL Financial fully exited iShares Gold Trust in Q2 2016, selling an estimated $144M.
- LPL Financial's ten largest holdings make up 24% of its $11.8B portfolio in Q2 2016.
- LPL Financial opened 202 new positions and closed 680 in Q2 2016.
- LPL Financial's portfolio value fell 67% quarter-over-quarter to $11.8B.
Based on LPL Financial's 13F filing for Q2 2016, filed 15 Aug 2016.