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 | |
|---|---|---|---|---|---|---|
701
Invesco Dorsey Wright Technology Momentum ETF
PTF
$632M
| $2.44M | 0.02% |
183,177
-6,291
| -3% | -$84.5K |
|
702
Royce Value Trust
RVT
$2.21B
| $2.44M | 0.02% |
182,280
+25,813
| +16% | +$332K |
|
703
Invesco S&P 500 Top 50 ETF
XLG
$10.5B
| $2.42M | 0.02% |
152,710
-6,930
| -4% | -$107K |
|
704
iShares Expanded Tech Sector ETF
IGM
$9.94B
| $2.42M | 0.02% |
116,526
+17,808
| +18% | +$366K |
|
705
Sherwin-Williams
SHW
$78.3B
| $2.42M | 0.02% |
26,430
-8,766
| -25% | -$775K |
|
706
iShares MSCI USA Value Factor ETF
VLUE
$9.4B
| $2.41M | 0.02% |
+34,029
| New | +$2.3M |
|
707
PIMCO Broad US TIPS Index Exchange-Traded Fund
TIPZ
$86.2M
| $2.41M | 0.02% |
41,867
+18,404
| +78% | +$1.07M |
|
708
WisdomTree Yield Enhanced US Aggregate Bond Fund
AGGY
$924M
| $2.39M | 0.02% |
48,244
+3,975
| +9% | +$201K |
|
709
Gabelli Equity Trust
GAB
$1.74B
| $2.39M | 0.02% |
444,566
+72,991
| +20% | +$387K |
|
710
Prospect Capital
PSEC
$1.06B
| $2.39M | 0.02% |
283,877
+71,116
| +33% | +$571K |
|
711
NNN REIT
NNN
$9.39B
| $2.39M | 0.02% |
53,775
-4,418
| -8% | -$195K |
|
712
Aon
AON
$77.3B
| $2.38M | 0.02% |
21,282
+8,518
| +67% | +$949K |
|
|
IBDH
713
DELISTED
iShares iBonds Dec 2018 Term Corporate ETF
IBDH
| $2.38M | 0.02% |
94,524
+37,714
| +66% | +$950K |
|
|
BFZ
714
DELISTED
BlackRock CA Municipal Income Trust
BFZ
| $2.38M | 0.02% |
163,294
+6,066
| +4% | +$91.3K |
|
715
DuPont de Nemours
DD
$18.6B
| $2.37M | 0.02% |
16,251
-1,098
| -6% | -$153K |
|
716
Xcel Energy
XEL
$51B
| $2.37M | 0.02% |
58,324
+39,104
| +203% | +$1.56M |
|
717
WEC Energy
WEC
$37.7B
| $2.37M | 0.02% |
40,438
-3,436
| -8% | -$197K |
|
718
Edwards Lifesciences
EW
$47.6B
| $2.36M | 0.02% |
74,166
+27,882
| +60% | +$903K |
|
|
GGN
719
GAMCO Global Gold, Natural Resources & Income Trust
GGN
$767M
| $2.35M | 0.02% |
453,530
+36,825
| +9% | +$213K |
|
720
State Street SPDR S&P Global Natural Resources ETF
GNR
$4.75B
| $2.35M | 0.02% |
56,258
+612
| +1% | +$24.5K |
|
721
Vanguard Total Bond Market
BND
$157B
| $2.34M | 0.02% |
28,994
-5,404
| -16% | -$443K |
|
722
Eli Lilly
LLY
$1.07T
| $2.34M | 0.02% |
31,398
+21,624
| +221% | +$1.61M |
|
723
Archer Daniels Midland
ADM
$41.4B
| $2.34M | 0.02% |
50,663
+20,604
| +69% | +$912K |
|
|
HIO
724
Western Asset High Income Opportunity Fund
HIO
$335M
| $2.33M | 0.02% |
459,150
-36,831
| -7% | -$182K |
|
725
ProShares Ultra QQQ
QLD
$12.5B
| $2.33M | 0.02% |
425,280
-90,928
| -18% | -$485K |
|
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.