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 | |
|---|---|---|---|---|---|---|
651
iShares MSCI Canada ETF
EWC
$6.04B
| $2.69M | 0.02% |
102,411
+52,777
| +106% | +$1.36M |
|
652
Capital One
COF
$124B
| $2.68M | 0.02% |
30,136
+1,951
| +7% | +$157K |
|
|
DFP
653
Flaherty & Crumrine Dynamic Preferred and Income Fund
DFP
$423M
| $2.67M | 0.02% |
111,703
+3,504
| +3% | +$82.8K |
|
654
iShares MSCI South Korea ETF
EWY
$21.7B
| $2.67M | 0.02% |
49,385
-2,385
| -5% | -$130K |
|
655
Marathon Petroleum
MPC
$90.3B
| $2.67M | 0.02% |
50,399
+4,466
| +10% | +$203K |
|
656
AbbVie
ABBV
$458B
| $2.66M | 0.02% |
42,552
-10,077
| -19% | -$615K |
|
657
NVIDIA
NVDA
$5.01T
| $2.65M | 0.02% |
1,041,120
-24,640
| -2% | -$51.5K |
|
658
iShares MSCI Italy ETF
EWI
$911M
| $2.65M | 0.02% |
108,307
+102,121
| +1,651% | +$2.3M |
|
659
State Street SPDR Bloomberg High Yield Bond ETF
JNK
$7.24B
| $2.65M | 0.02% |
24,138
-25,059
| -51% | -$2.73M |
|
|
HIX
660
Western Asset High Income Fund II
HIX
$352M
| $2.65M | 0.02% |
375,580
+14,721
| +4% | +$103K |
|
661
VanEck Preferred Securities ex Financials ETF
PFXF
$2.39B
| $2.63M | 0.02% |
135,692
-3,047
| -2% | -$60.2K |
|
662
Invesco S&P SmallCap Energy ETF
PSCE
$101M
| $2.63M | 0.02% |
+24,383
| New | +$2.34M |
|
663
iShares Treasury Floating Rate Bond ETF
TFLO
$6.56B
| $2.62M | 0.02% |
52,332
+3,709
| +8% | +$186K |
|
664
iShares Micro-Cap ETF
IWC
$1.43B
| $2.62M | 0.02% |
30,377
+2,812
| +10% | +$226K |
|
665
Thor Industries
THO
$3.99B
| $2.61M | 0.02% |
25,977
+16,579
| +176% | +$1.5M |
|
666
iShares Russell 2000 Value ETF
IWN
$14.4B
| $2.61M | 0.02% |
21,795
-37,483
| -63% | -$4.14M |
|
|
IFLN
667
Invesco Bloomberg Enhanced Fallen Angels ETF
IFLN
$305M
| $2.6M | 0.02% |
138,234
+6,453
| +5% | +$121K |
|
668
Becton Dickinson
BDX
$43.1B
| $2.6M | 0.02% |
16,154
-3,072
| -16% | -$510K |
|
669
Nuveen Real Asset Income & Growth Fund
JRI
$358M
| $2.58M | 0.02% |
162,299
+17,423
| +12% | +$281K |
|
|
ETB
670
Eaton Vance Tax-Managed Buy-Write Income Fund
ETB
$449M
| $2.57M | 0.02% |
159,807
+14,456
| +10% | +$240K |
|
671
American Tower
AMT
$77.7B
| $2.57M | 0.02% |
24,205
-10,359
| -30% | -$1.13M |
|
672
WisdomTree Global High Dividend Fund
DEW
$147M
| $2.57M | 0.02% |
58,830
+52,620
| +847% | +$2.24M |
|
673
Bank of Montreal
BMO
$125B
| $2.56M | 0.02% |
35,486
-1,820
| -5% | -$121K |
|
674
BlackRock Core Bond Trust
BHK
$642M
| $2.56M | 0.02% |
196,787
+8,726
| +5% | +$115K |
|
|
AET
675
DELISTED
Aetna Inc
AET
| $2.55M | 0.02% |
20,722
+90
| +0.4% | +$10.8K |
|
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.