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 |
State Street SPDR S&P MIDCAP 400 ETF Trust
MDY
|
+$66.6M |
| 2 |
Vanguard Small-Cap Growth ETF
VBK
|
+$35.6M |
| 3 |
State Street Technology Select Sector SPDR ETF
XLK
|
+$28.9M |
| 4 |
iShares Core S&P Small-Cap ETF
IJR
|
+$23M |
| 5 |
VictoryShares US EQ Income Enhanced Volatility Wtd ETF
CDC
|
+$22.1M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Vanguard Total Stock Market ETF
VTI
|
+$930M |
| 2 |
iShares Russell 1000 Growth ETF
IWF
|
+$260M |
| 3 |
Vanguard Intermediate-Term Corporate Bond ETF
VCIT
|
+$156M |
| 4 |
iShares Core MSCI EAFE ETF
IEFA
|
+$129M |
| 5 |
iShares Core MSCI Emerging Markets ETF
IEMG
|
+$79.1M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Financials | 2.88% |
| 2 | Healthcare | 1.78% |
| 3 | Technology | 1.78% |
| 4 | Real Estate | 1.45% |
| 5 | Energy | 1.29% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
701
DuPont de Nemours
DD
$18.8B
| $2.28M | 0.02% |
17,349
-3,276
| -16% | -$437K |
|
|
ULTI
702
DELISTED
Ultimate Software Group Inc
ULTI
| $2.27M | 0.02% |
11,128
+291
| +3% | +$61.5K |
|
703
BlackRock Enhanced Global Dividend Trust
BOE
$669M
| $2.27M | 0.02% |
188,281
+8,837
| +5% | +$107K |
|
704
iShares MSCI Indonesia ETF
EIDO
$471M
| $2.27M | 0.02% |
85,996
-15,793
| -16% | -$407K |
|
|
ETJ
705
Eaton Vance Risk-Managed Diversified Equity Income Fund
ETJ
$568M
| $2.27M | 0.02% |
239,145
+93,058
| +64% | +$904K |
|
706
Ecolab
ECL
$76.2B
| $2.27M | 0.02% |
18,870
+15,155
| +408% | +$1.83M |
|
707
Schwab US REIT ETF
SCHH
$11.7B
| $2.26M | 0.02% |
109,680
+24,034
| +28% | +$527K |
|
|
CBI
708
DELISTED
Chicago Bridge & Iron Nv
CBI
| $2.26M | 0.02% |
81,991
-11,219
| -12% | -$364K |
|
709
Plains All American Pipeline
PAA
$17.2B
| $2.26M | 0.02% |
73,585
+384
| +0.5% | +$11K |
|
710
HCA Healthcare
HCA
$86.7B
| $2.25M | 0.02% |
30,184
-2,542
| -8% | -$195K |
|
|
HYLD
711
DELISTED
High Yield ETF
HYLD
| $2.24M | 0.02% |
63,794
+6,363
| +11% | +$221K |
|
712
Invesco Equal Weight 0-30 Year Treasury ETF
GOVI
$1.23B
| $2.23M | 0.02% |
64,944
+1,725
| +3% | +$60.3K |
|
713
Humana
HUM
$46.3B
| $2.23M | 0.02% |
12,590
+2,238
| +22% | +$388K |
|
714
State Street SPDR Portfolio Long Term Treasury ETF
SPTL
$10.6B
| $2.23M | 0.02% |
57,334
-36,832
| -39% | -$1.47M |
|
715
RTX Corp
RTX
$292B
| $2.23M | 0.02% |
34,856
-4,888
| -12% | -$324K |
|
|
NHS
716
Neuberger High Yield Strategies Fund Inc
NHS
$252M
| $2.21M | 0.02% |
188,767
+26,942
| +17% | +$310K |
|
|
TEF
717
DELISTED
Telefonica
TEF
| $2.21M | 0.02% |
283,927
-11,179
| -4% | -$86.6K |
|
718
iShares MSCI Switzerland ETF
EWL
$2.16B
| $2.21M | 0.02% |
72,554
-10,186
| -12% | -$308K |
|
719
FedEx
FDX
$74.4B
| $2.21M | 0.02% |
12,710
+868
| +7% | +$142K |
|
720
iShares MSCI Netherlands ETF
EWN
$571M
| $2.21M | 0.02% |
87,769
-12,836
| -13% | -$311K |
|
721
First Trust STOXX European Select Dividend Income Fund
FDD
$859M
| $2.2M | 0.02% |
186,971
+16,257
| +10% | +$193K |
|
722
Ulta Beauty
ULTA
$20.7B
| $2.2M | 0.02% |
9,224
-856
| -8% | -$216K |
|
723
Invesco Dorsey Wright Healthcare Momentum ETF
PTH
$225M
| $2.2M | 0.02% |
127,347
-39,762
| -24% | -$645K |
|
724
BlackRock Multi-Sector Income Trust
BIT
$696M
| $2.19M | 0.02% |
128,786
-23,839
| -16% | -$405K |
|
725
State Street SPDR S&P 400 Mid Cap Value ETF
MDYV
$2.78B
| $2.19M | 0.02% |
51,218
+3,368
| +7% | +$144K |
|
Similar funds
LPL Financial's Q3 2016 Portfolio in Review
As of Q3 2016, LPL Financial held 2,855 positions worth $10.5B, down 11% from $11.8B the previous quarter. Its ten largest holdings account for 17% of the portfolio.
LPL Financial withdrew a net $1.45B in Q3 2016, closing 222 positions and reducing 1,147 holdings. Its most notable exit was Vanguard Total Stock Market ETF, an estimated $930M position sold in full.
By sector, the portfolio is most concentrated in Financials at 2.9% of assets, up from 2.3% a quarter earlier, followed by Healthcare and Technology.
Against the trend, LPL Financial opened a new position in State Street Real Estate Select Sector SPDR ETF worth $10.6M.
- LPL Financial's largest Q3 2016 buy was State Street Real Estate Select Sector SPDR ETF: 334,043 shares worth $10.6M.
- LPL Financial added most to State Street SPDR S&P MIDCAP 400 ETF Trust in Q3 2016, an estimated $66.6M increase.
- LPL Financial's biggest Q3 2016 reduction was iShares Russell 1000 Growth ETF, cutting an estimated $260M.
- LPL Financial fully exited Vanguard Total Stock Market ETF in Q3 2016, selling an estimated $930M.
- LPL Financial's ten largest holdings make up 17% of its $10.5B portfolio in Q3 2016.
- LPL Financial opened 235 new positions and closed 222 in Q3 2016.
- LPL Financial's portfolio value fell 11% quarter-over-quarter to $10.5B.
Based on LPL Financial's 13F filing for Q3 2016, filed 16 Nov 2016.