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 | |
|---|---|---|---|---|---|---|
701
Lowe's Companies
LOW
$116B
| $2.24M | 0.02% |
27,948
-479,846
| -94% | -$37.1M |
|
702
WisdomTree International SmallCap Dividend Fund
DLS
$1.04B
| $2.23M | 0.02% |
40,499
-40,784
| -50% | -$2.41M |
|
703
NXP Semiconductors
NXPI
$68B
| $2.23M | 0.02% |
29,277
-21,840
| -43% | -$1.87M |
|
704
Invesco Leisure and Entertainment ETF
PEJ
$252M
| $2.23M | 0.02% |
66,642
-77,442
| -54% | -$2.75M |
|
705
BlackRock Debt Strategies Fund
DSU
$591M
| $2.23M | 0.02% |
208,437
-225,926
| -52% | -$2.39M |
|
706
Invesco KBW Property & Casualty Insurance ETF
KBWP
$269M
| $2.23M | 0.02% |
44,943
-34,561
| -43% | -$1.68M |
|
707
WisdomTree Yield Enhanced US Aggregate Bond Fund
AGGY
$924M
| $2.22M | 0.02% |
42,545
-7,757
| -15% | -$395K |
|
708
iShares Global Infrastructure ETF
IGF
$11B
| $2.22M | 0.02% |
55,179
-48,998
| -47% | -$1.94M |
|
|
IGR
709
CBRE Global Real Estate Income Fund
IGR
$712M
| $2.22M | 0.02% |
275,756
-389,794
| -59% | -$3.07M |
|
710
Analog Devices
ADI
$181B
| $2.21M | 0.02% |
39,734
+31,719
| +396% | +$1.82M |
|
711
Intel
INTC
$466B
| $2.21M | 0.02% |
66,901
-1,503,559
| -96% | -$47.1M |
|
712
Target
TGT
$62.1B
| $2.2M | 0.02% |
31,152
-112,775
| -78% | -$8.41M |
|
713
BlackRock MuniHoldings California Quality Fund
MUC
$1B
| $2.19M | 0.02% |
134,415
-126,455
| -48% | -$2.03M |
|
714
Teva Pharmaceuticals
TEVA
$35.9B
| $2.18M | 0.02% |
43,372
-46,605
| -52% | -$2.48M |
|
|
HIX
715
Western Asset High Income Fund II
HIX
$352M
| $2.18M | 0.02% |
311,512
-253,701
| -45% | -$1.73M |
|
|
MCA
716
DELISTED
BLACKROCK MUNIYIELD CALIFORNIA QUALITY FUND, INC
MCA
| $2.18M | 0.02% |
130,611
-96,093
| -42% | -$1.57M |
|
717
Cirrus Logic
CRUS
$6.74B
| $2.17M | 0.02% |
60,856
-96,290
| -61% | -$3.45M |
|
718
Vanguard Russell 2000 Growth ETF
VTWG
$1.47B
| $2.17M | 0.02% |
21,841
-47,176
| -68% | -$4.62M |
|
719
First Trust Dividend Strength ETF
FTDS
$38.3M
| $2.17M | 0.02% |
87,369
-72,803
| -45% | -$1.79M |
|
720
State Street SPDR S&P Retail ETF
XRT
$365M
| $2.16M | 0.02% |
51,095
-101,398
| -66% | -$4.36M |
|
721
WisdomTree India Earnings Fund ETF
EPI
$2.02B
| $2.16M | 0.02% |
105,938
-78,315
| -43% | -$1.53M |
|
722
Invesco S&P 500 Top 50 ETF
XLG
$10.5B
| $2.16M | 0.02% |
145,120
-97,140
| -40% | -$1.42M |
|
723
Lumen
LUMN
$6.53B
| $2.15M | 0.02% |
73,055
-80,523
| -52% | -$2.35M |
|
724
Las Vegas Sands
LVS
$30.5B
| $2.15M | 0.02% |
49,394
-40,201
| -45% | -$1.88M |
|
|
PCN
725
PIMCO Corporate & Income Strategy Fund
PCN
$870M
| $2.15M | 0.02% |
139,327
-98,032
| -41% | -$1.43M |
|
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.