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 | |
|---|---|---|---|---|---|---|
51
iShares 20+ Year Treasury Bond ETF
TLT
$42.1B
| $70.4M | 0.39% |
572,718
+176,312
| +44% | +$21.4M |
|
52
iShares S&P 500 Value ETF
IVE
$48.9B
| $68M | 0.37% |
781,210
-10,514
| -1% | -$940K |
|
53
Vanguard Information Technology ETF
VGT
$139B
| $67.6M | 0.37% |
5,218,008
-85,704
| -2% | -$1.12M |
|
54
Berkshire Hathaway Class B
BRK.B
$1.07T
| $67.1M | 0.37% |
506,744
-7,546
| -1% | -$1.03M |
|
55
ExxonMobil
XOM
$651B
| $65.9M | 0.36% |
858,798
+42,621
| +5% | +$3.28M |
|
56
State Street Energy Select Sector SPDR ETF
XLE
$39.5B
| $65.5M | 0.36% |
1,992,394
-149,720
| -7% | -$5.05M |
|
57
Invesco BuyBack Achievers ETF
PKW
$1.69B
| $65.4M | 0.36% |
1,444,260
-343,487
| -19% | -$16.1M |
|
58
iShares Russell Mid-Cap Value ETF
IWS
$15.7B
| $64M | 0.35% |
925,701
-2,160
| -0.2% | -$154K |
|
59
State Street SPDR S&P Dividend ETF
SDY
$21.9B
| $63.8M | 0.35% |
857,631
-155,149
| -15% | -$11.7M |
|
60
Procter & Gamble
PG
$343B
| $63.3M | 0.35% |
865,344
+240,525
| +38% | +$18M |
|
61
iShares S&P Small-Cap 600 Growth ETF
IJT
$8.22B
| $62.7M | 0.35% |
1,010,792
-47,420
| -4% | -$3.03M |
|
62
Invesco S&P 500 Low Volatility ETF
SPLV
$7.2B
| $61.9M | 0.34% |
1,677,442
-49,470
| -3% | -$1.83M |
|
63
Verizon
VZ
$194B
| $60.8M | 0.33% |
1,381,473
+2,728
| +0.2% | +$126K |
|
64
iShares Biotechnology ETF
IBB
$9.31B
| $60M | 0.33% |
575,154
-62,340
| -10% | -$7.48M |
|
65
iShares US Transportation ETF
IYT
$2.33B
| $58.3M | 0.32% |
1,612,176
-84,972
| -5% | -$3.09M |
|
66
State Street Industrial Select Sector SPDR ETF
XLI
$33.9B
| $58.2M | 0.32% |
1,122,644
-154,090
| -12% | -$8.11M |
|
67
iShares iBoxx $ High Yield Corporate Bond ETF
HYG
$16.3B
| $57.3M | 0.32% |
687,234
-96,018
| -12% | -$8.32M |
|
68
Altria Group
MO
$122B
| $57.3M | 0.32% |
1,028,329
-47,958
| -4% | -$2.57M |
|
69
State Street Consumer Staples Select Sector SPDR ETF
XLP
$14.2B
| $57.1M | 0.31% |
1,173,027
-59,103
| -5% | -$2.87M |
|
70
First Trust Health Care AlphaDEX Fund
FXH
$1.02B
| $55.7M | 0.31% |
932,541
-73,245
| -7% | -$4.86M |
|
71
iShares 7-10 Year Treasury Bond ETF
IEF
$47.1B
| $55M | 0.3% |
510,873
+183,219
| +56% | +$19.5M |
|
72
State Street SPDR Bloomberg Short Term High Yield Bond ETF
SJNK
$4.89B
| $53.1M | 0.29% |
1,975,798
-862,669
| -30% | -$24.1M |
|
73
WisdomTree Japan Hedged Equity Fund
DXJ
$7.23B
| $52.4M | 0.29% |
1,024,967
-232,398
| -18% | -$12.6M |
|
74
iShares TIPS Bond ETF
TIP
$14.5B
| $50.7M | 0.28% |
455,647
-22,244
| -5% | -$2.48M |
|
75
iShares 1-5 Year Investment Grade Corporate Bond ETF
IGSB
$22.8B
| $50.7M | 0.28% |
964,378
-202,404
| -17% | -$10.6M |
|
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.