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 MBS ETF
MBB
|
+$222M |
| 2 |
iShares Core S&P Small-Cap ETF
IJR
|
+$58.9M |
| 3 |
iShares 0-1 Year Treasury Bond ETF
SHV
|
+$46.3M |
| 4 |
iShares Russell 1000 ETF
IWB
|
+$34.4M |
| 5 |
First Trust Dorsey Wright Focus 5 ETF
FV
|
+$30.5M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
State Street SPDR S&P MIDCAP 400 ETF Trust
MDY
|
+$93.5M |
| 2 |
State Street SPDR S&P 500 ETF Trust
SPY
|
+$75.7M |
| 3 |
Alphabet (Google) Class C
GOOG
|
+$47.2M |
| 4 |
iShares Gold Trust
IAU
|
+$46.7M |
| 5 |
iShare MSCI Eurozone ETF
EZU
|
+$44.2M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Healthcare | 3.15% |
| 2 | Financials | 3.12% |
| 3 | Technology | 3.04% |
| 4 | Industrials | 2.56% |
| 5 | Consumer Staples | 2.3% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
701
AutoZone
AZO
$50.2B
| $2.67M | 0.01% |
3,577
+2,045
| +133% | +$1.45M |
|
702
Mattel
MAT
$4.3B
| $2.67M | 0.01% |
123,299
+5,485
| +5% | +$128K |
|
|
NVO
703
Novo Nordisk
NVO
$220B
| $2.65M | 0.01% |
96,086
+8,130
| +9% | +$230K |
|
704
T. Rowe Price
TROW
$25.5B
| $2.65M | 0.01% |
37,497
+4,434
| +13% | +$329K |
|
705
Prospect Capital
PSEC
$1.12B
| $2.64M | 0.01% |
356,876
-1,353,008
| -79% | -$10.1M |
|
|
HPI
706
John Hancock Preferred Income Fund
HPI
$430M
| $2.64M | 0.01% |
135,883
-26,639
| -16% | -$519K |
|
707
Invesco Dorsey Wright Emerging Markets Momentum ETF
PIE
$244M
| $2.64M | 0.01% |
164,220
-228,104
| -58% | -$3.78M |
|
|
NUM
708
DELISTED
Nuveen Michigan Quality Municipal Income Fund
NUM
| $2.64M | 0.01% |
199,710
-6,153
| -3% | -$81.4K |
|
|
PHK
709
PIMCO High Income Fund
PHK
$863M
| $2.63M | 0.01% |
336,629
-3,222
| -0.9% | -$29.2K |
|
710
Invesco Dorsey Wright Consumer Cyclicals Momentum ETF
PEZ
$22.2M
| $2.62M | 0.01% |
56,089
+12,291
| +28% | +$579K |
|
711
Nordic American Tanker
NAT
$1.37B
| $2.62M | 0.01% |
157,323
-37,633
| -19% | -$560K |
|
712
Invesco Large Cap Growth ETF
PWB
$2.29B
| $2.62M | 0.01% |
86,813
+18,279
| +27% | +$561K |
|
713
Eversource Energy
ES
$28.1B
| $2.61M | 0.01% |
51,135
-23,364
| -31% | -$1.13M |
|
714
Alaska Air
ALK
$5.3B
| $2.61M | 0.01% |
32,242
+4,217
| +15% | +$322K |
|
715
Vanguard S&P Mid-Cap 400 Value ETF
IVOV
$1.35B
| $2.6M | 0.01% |
57,086
+368
| +0.6% | +$17.2K |
|
716
Henry Schein
HSIC
$9.64B
| $2.6M | 0.01% |
48,103
+14,147
| +42% | +$784K |
|
717
Lumen
LUMN
$6.45B
| $2.59M | 0.01% |
101,165
+7,829
| +8% | +$217K |
|
718
Invesco S&P 500 Equal Weight Consumer Staples ETF
RSPS
$249M
| $2.59M | 0.01% |
117,900
-175,155
| -60% | -$3.79M |
|
|
VQT
719
DELISTED
iPath S&P VEQTOR ETN
VQT
| $2.58M | 0.01% |
19,130
-21,767
| -53% | -$3.03M |
|
720
Invesco NASDAQ Internet ETF
PNQI
$514M
| $2.58M | 0.01% |
176,495
-43,965
| -20% | -$644K |
|
721
BlackRock Energy and Resources Trust
BGR
$412M
| $2.58M | 0.01% |
174,553
-5,161
| -3% | -$78.5K |
|
722
iShares MSCI EAFE Value ETF
EFV
$28.3B
| $2.57M | 0.01% |
53,256
-590
| -1% | -$29.8K |
|
|
WBIB
723
DELISTED
WBI BullBear Value 2000 ETF
WBIB
| $2.56M | 0.01% |
109,072
+51,141
| +88% | +$1.24M |
|
|
EEP
724
DELISTED
Enbridge Energy Partners
EEP
| $2.56M | 0.01% |
91,766
-3,311
| -3% | -$95.1K |
|
|
FLC
725
Flaherty & Crumrine Total Return Fund
FLC
$174M
| $2.54M | 0.01% |
135,160
+50
| +0% | +$954 |
|
Similar funds
LPL Financial's Q3 2015 Portfolio in Review
As of Q3 2015, LPL Financial held 3,027 positions worth $18.2B, down 7.9% from $19.7B the previous quarter. Its ten largest holdings account for 20% of the portfolio.
LPL Financial withdrew a net $644M in Q3 2015, closing 241 positions and reducing 1,426 holdings. Its most notable exit was Alphabet (Google) Class C, an estimated $47.2M position sold in full.
By sector, the portfolio is most concentrated in Healthcare at 3.1% of assets, down from 3.2% a quarter earlier, followed by Financials and Technology.
Against the trend, LPL Financial opened a new position in Kraft Heinz worth $12.4M.
- LPL Financial's largest Q3 2015 buy was Kraft Heinz: 171,423 shares worth $12.4M.
- LPL Financial added most to iShares MBS ETF in Q3 2015, an estimated $222M increase.
- LPL Financial's biggest Q3 2015 reduction was State Street SPDR S&P MIDCAP 400 ETF Trust, cutting an estimated $93.5M.
- LPL Financial fully exited Alphabet (Google) Class C in Q3 2015, selling an estimated $47.2M.
- LPL Financial's ten largest holdings make up 20% of its $18.2B portfolio in Q3 2015.
- LPL Financial opened 157 new positions and closed 241 in Q3 2015.
- LPL Financial's portfolio value fell 7.9% quarter-over-quarter to $18.2B.
Based on LPL Financial's 13F filing for Q3 2015, filed 13 Nov 2015.