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 | |
|---|---|---|---|---|---|---|
626
American Airlines Group
AAL
$9.58B
| $4.13M | 0.02% |
82,059
-2,972
| -3% | -$138K |
|
627
Pacer Trendpilot European Index ETF
PTEU
$36.1M
| $4.12M | 0.02% |
144,397
+46,283
| +47% | +$1.29M |
|
628
First Trust Managed Municipal ETF
FMB
$2.03B
| $4.12M | 0.02% |
78,029
+4,281
| +6% | +$225K |
|
629
WisdomTree Enhanced Commodity Strategy Fund
GCC
$272M
| $4.11M | 0.02% |
220,381
+110,224
| +100% | +$2.07M |
|
630
iShares 0-1 Year Treasury Bond ETF
SHV
$20.7B
| $4.1M | 0.02% |
37,148
+719
| +2% | +$79.3K |
|
631
Unilever
UL
$131B
| $4.1M | 0.02% |
67,284
-3,650
| -5% | -$218K |
|
632
Calamos Strategic Total Return Fund
CSQ
$3.21B
| $4.08M | 0.02% |
347,953
-492,946
| -59% | -$5.7M |
|
633
Invesco DB Commodity Index Tracking Fund
DBC
$1.73B
| $4.07M | 0.02% |
281,850
+234,577
| +496% | +$3.44M |
|
634
Stanley Black & Decker
SWK
$14.2B
| $4.07M | 0.02% |
28,886
+19,026
| +193% | +$2.61M |
|
635
DTE Energy
DTE
$31.1B
| $4.05M | 0.02% |
45,011
-1,641
| -4% | -$149K |
|
636
Aflac
AFL
$63.9B
| $4.05M | 0.02% |
104,246
+78,682
| +308% | +$2.96M |
|
637
Xcel Energy
XEL
$51B
| $4.04M | 0.02% |
87,995
+27,556
| +46% | +$1.27M |
|
638
First Trust Mid Cap Growth AlphaDEX Fund
FNY
$580M
| $4.01M | 0.02% |
115,924
-851
| -0.7% | -$29K |
|
639
BCE
BCE
$19.9B
| $3.99M | 0.02% |
88,550
-3,424
| -4% | -$154K |
|
640
Cullen/Frost Bankers
CFR
$10.3B
| $3.98M | 0.02% |
42,397
+731
| +2% | +$67.4K |
|
641
WEC Energy
WEC
$37.7B
| $3.98M | 0.02% |
64,840
+26,612
| +70% | +$1.64M |
|
|
BSJK
642
DELISTED
Invesco BulletShares 2020 High Yield Corporate Bond ETF
BSJK
| $3.94M | 0.02% |
158,771
+34,874
| +28% | +$863K |
|
643
Invesco Global ex-US High Yield Corporate Bond ETF
PGHY
$221M
| $3.94M | 0.01% |
162,474
+8,128
| +5% | +$199K |
|
644
Global X Robotics & Artificial Intelligence ETF
BOTZ
$3.15B
| $3.92M | 0.01% |
210,121
+457
| +0.2% | +$8.3K |
|
|
X
645
DELISTED
US Steel
X
| $3.91M | 0.01% |
176,600
+106,487
| +152% | +$2.53M |
|
646
WisdomTree International SmallCap Dividend Fund
DLS
$1.04B
| $3.9M | 0.01% |
56,047
+3,710
| +7% | +$254K |
|
647
Ecolab
ECL
$75.6B
| $3.89M | 0.01% |
29,300
+7,341
| +33% | +$948K |
|
648
Ulta Beauty
ULTA
$20.4B
| $3.88M | 0.01% |
13,563
+3,701
| +38% | +$1.08M |
|
|
BPL
649
DELISTED
Buckeye Partners, L.P.
BPL
| $3.85M | 0.01% |
60,270
-3,696
| -6% | -$243K |
|
650
Equifax
EFX
$20.3B
| $3.85M | 0.01% |
27,999
+20,275
| +262% | +$2.78M |
|
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.