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 Stock Market ETF
VTI
|
+$1.11B |
| 2 |
iShares Russell 1000 Growth ETF
IWF
|
+$278M |
| 3 |
Vanguard Intermediate-Term Corporate Bond ETF
VCIT
|
+$204M |
| 4 |
iShares Core MSCI EAFE ETF
IEFA
|
+$145M |
| 5 |
Vanguard Information Technology ETF
VGT
|
+$88.6M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
State Street SPDR Bloomberg International Treasury Bond ETF
BWX
|
+$46.9M |
| 2 |
State Street Utilities Select Sector SPDR ETF
XLU
|
+$45.4M |
| 3 |
iShares 20+ Year Treasury Bond ETF
TLT
|
+$39M |
| 4 |
iShares National Muni Bond ETF
MUB
|
+$36.8M |
| 5 |
iShares US Real Estate ETF
IYR
|
+$36.7M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Financials | 2.61% |
| 2 | Technology | 1.36% |
| 3 | Healthcare | 1.34% |
| 4 | Industrials | 1.16% |
| 5 | Energy | 1.08% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
626
Yum! Brands
YUM
$41B
| $2.86M | 0.02% |
45,175
+17,149
| +61% | +$1.08M |
|
627
Bank of America
BAC
$435B
| $2.85M | 0.02% |
126,718
-56,760
| -31% | -$1.09M |
|
628
Chevron
CVX
$388B
| $2.85M | 0.02% |
24,200
+8,033
| +50% | +$875K |
|
|
ALXN
629
DELISTED
Alexion Pharmaceuticals
ALXN
| $2.85M | 0.02% |
23,233
-1,323
| -5% | -$162K |
|
630
Eaton Vance Tax-Managed Diversified Equity Income Fund
ETY
$2.27B
| $2.84M | 0.02% |
275,370
+14,456
| +6% | +$150K |
|
|
XIV
631
DELISTED
VelocityShares Daily Inverse VIX Short Term ETN
XIV
| $2.83M | 0.02% |
56,177
-62,183
| -53% | -$2.59M |
|
632
Illinois Tool Works
ITW
$81.4B
| $2.82M | 0.02% |
23,011
+6,510
| +39% | +$786K |
|
633
Invesco Water Resources ETF
PHO
$1.97B
| $2.82M | 0.02% |
113,709
-7,043
| -6% | -$172K |
|
634
iShares GNMA Bond ETF
GNMA
$422M
| $2.79M | 0.02% |
56,138
-6,949
| -11% | -$349K |
|
|
TEI
635
Templeton Emerging Markets Income Fund
TEI
$310M
| $2.79M | 0.02% |
252,021
+26,459
| +12% | +$284K |
|
|
FEI
636
DELISTED
FIRST TRUST MLP AND ENERGY INCOME FUND
FEI
| $2.79M | 0.02% |
171,114
-30,057
| -15% | -$478K |
|
|
RPAI
637
DELISTED
RETAIL PROPERTIES OF AMERICA, INC.
RPAI
| $2.77M | 0.02% |
180,631
-10,324
| -5% | -$159K |
|
638
iShares MSCI Australia ETF
EWA
$1.34B
| $2.77M | 0.02% |
134,472
-9,278
| -6% | -$191K |
|
|
CBI
639
DELISTED
Chicago Bridge & Iron Nv
CBI
| $2.77M | 0.02% |
85,325
+3,334
| +4% | +$104K |
|
640
iShares Europe ETF
IEV
$1.63B
| $2.76M | 0.02% |
71,012
-15,829
| -18% | -$604K |
|
641
VanEck Oil Services ETF
OIH
$2.06B
| $2.76M | 0.02% |
4,047
-107
| -3% | -$66.6K |
|
|
BSCH
642
DELISTED
Guggenheim BulletShares 2017 Corporate Bond ETF
BSCH
| $2.74M | 0.02% |
121,289
+9,074
| +8% | +$205K |
|
643
Altria Group
MO
$122B
| $2.74M | 0.02% |
40,468
-3,040
| -7% | -$196K |
|
644
Lumen
LUMN
$6.53B
| $2.73M | 0.02% |
107,704
+21,182
| +24% | +$538K |
|
|
FLC
645
Flaherty & Crumrine Total Return Fund
FLC
$174M
| $2.71M | 0.02% |
135,606
+6,545
| +5% | +$132K |
|
646
Williams Companies
WMB
$90.5B
| $2.71M | 0.02% |
+86,205
| New | +$2.6M |
|
647
iShares Russell 1000 Value ETF
IWD
$82B
| $2.71M | 0.02% |
24,113
-50,496
| -68% | -$5.46M |
|
|
TWX
648
DELISTED
Time Warner Inc
TWX
| $2.71M | 0.02% |
27,964
+5,520
| +25% | +$491K |
|
649
Global X NASDAQ-100 Covered Call ETF
QYLD
$7.97B
| $2.7M | 0.02% |
120,908
+3,772
| +3% | +$84.2K |
|
650
Selective Insurance
SIGI
$5.74B
| $2.7M | 0.02% |
62,220
-6,500
| -9% | -$262K |
|
Similar funds
LPL Financial's Q4 2016 Portfolio in Review
As of Q4 2016, LPL Financial held 2,896 positions worth $13.1B, up 25% from $10.5B the previous quarter. Its ten largest holdings account for 25% of the portfolio.
LPL Financial deployed $2.3B of net new capital in Q4 2016, opening 264 new positions and adding to 1,138 existing holdings. Its largest new stake was Vanguard Total Stock Market ETF: 9,825,004 shares worth $1.14B.
By sector, the portfolio is most concentrated in Financials at 2.6% of assets, down from 2.9% a quarter earlier, followed by Technology and Healthcare.
On the sell side, the largest reduction was State Street SPDR Bloomberg International Treasury Bond ETF, an estimated $46.9M trimmed.
- LPL Financial's largest Q4 2016 buy was Vanguard Total Stock Market ETF: 9,825,004 shares worth $1.14B.
- LPL Financial added most to iShares Russell 1000 Growth ETF in Q4 2016, an estimated $278M increase.
- LPL Financial's biggest Q4 2016 reduction was State Street SPDR Bloomberg International Treasury Bond ETF, cutting an estimated $46.9M.
- LPL Financial fully exited Credit Suisse X- Links Cushing MLP Infrastructure ETN's due April 20, 2020 in Q4 2016, selling an estimated $9.37M.
- LPL Financial's ten largest holdings make up 25% of its $13.1B portfolio in Q4 2016.
- LPL Financial opened 264 new positions and closed 226 in Q4 2016.
- LPL Financial's portfolio value rose 25% quarter-over-quarter to $13.1B.
Based on LPL Financial's 13F filing for Q4 2016, filed 13 Feb 2017.