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 Core S&P US Growth ETF
IUSG
|
+$195M |
| 2 |
iShares Core S&P US Value ETF
IUSV
|
+$162M |
| 3 |
State Street SPDR S&P 500 ETF Trust
SPY
|
+$131M |
| 4 |
Global X MLP & Energy Infrastructure ETF
MLPX
|
+$62.6M |
| 5 |
Vanguard Intermediate-Term Corporate Bond ETF
VCIT
|
+$61.8M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
State Street SPDR S&P Dividend ETF
SDY
|
+$82.3M |
| 2 |
State Street SPDR Dow Jones Global Real Estate ETF
RWO
|
+$39M |
| 3 |
iShares S&P Small-Cap 600 Value ETF
IJS
|
+$35.5M |
| 4 |
State Street SPDR S&P MIDCAP 400 ETF Trust
MDY
|
+$35.1M |
| 5 |
iShares Russell 1000 ETF
IWB
|
+$29.5M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Financials | 2.4% |
| 2 | Technology | 1.31% |
| 3 | Healthcare | 1.28% |
| 4 | Consumer Discretionary | 1.07% |
| 5 | Industrials | 1.01% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
OKS
726
DELISTED
Oneok Partners LP
OKS
| $2.45M | 0.02% |
45,404
-2,379
| -5% | -$119K |
|
727
Schwab US REIT ETF
SCHH
$11.7B
| $2.45M | 0.02% |
119,954
+12,900
| +12% | +$264K |
|
728
VanEck Oil Services ETF
OIH
$2.06B
| $2.44M | 0.02% |
3,992
-55
| -1% | -$35.8K |
|
729
Invesco S&P 500 Equal Weight Financials ETF
RSPF
$306M
| $2.43M | 0.02% |
64,724
-16,055
| -20% | -$609K |
|
730
Applied Materials
AMAT
$410B
| $2.42M | 0.02% |
62,186
-4,998
| -7% | -$179K |
|
731
Aptiv
APTV
$12.2B
| $2.41M | 0.02% |
30,755
+781
| +3% | +$58.6K |
|
|
FEI
732
DELISTED
FIRST TRUST MLP AND ENERGY INCOME FUND
FEI
| $2.4M | 0.02% |
148,703
-22,411
| -13% | -$370K |
|
733
McKesson
MCK
$99.5B
| $2.4M | 0.02% |
16,418
+4,376
| +36% | +$641K |
|
734
Invesco Value Municipal Income Trust
IIM
$585M
| $2.4M | 0.02% |
163,624
-9,692
| -6% | -$142K |
|
|
BRW
735
Saba Capital Income & Opportunities Fund
BRW
$336M
| $2.4M | 0.02% |
220,591
+48,004
| +28% | +$531K |
|
736
iShares MSCI Emerging Markets ETF
EEM
$28.6B
| $2.4M | 0.02% |
60,525
+2,901
| +5% | +$110K |
|
737
DexCom
DXCM
$28.3B
| $2.39M | 0.02% |
113,872
+60,664
| +114% | +$1.18M |
|
738
Goldman Sachs BDC
GSBD
$979M
| $2.39M | 0.02% |
97,225
+22,548
| +30% | +$548K |
|
|
X
739
DELISTED
US Steel
X
| $2.38M | 0.02% |
70,113
-29,882
| -30% | -$1.06M |
|
740
Eversource Energy
ES
$28.1B
| $2.37M | 0.02% |
+40,274
| New | +$2.29M |
|
|
AGGP
741
DELISTED
IQ Enhanced Core Plus Bond U.S. ETF
AGGP
| $2.37M | 0.02% |
118,914
+65,379
| +122% | +$1.3M |
|
742
Cambria Global Asset Allocation ETF
GAA
$72.5M
| $2.37M | 0.02% |
93,213
+14,866
| +19% | +$373K |
|
743
TSMC
TSM
$2.07T
| $2.37M | 0.02% |
71,930
+1,581
| +2% | +$49.4K |
|
744
WisdomTree India Earnings Fund ETF
EPI
$2.03B
| $2.37M | 0.02% |
96,976
+4,773
| +5% | +$106K |
|
745
State Street SPDR Bloomberg High Yield Bond ETF
JNK
$7.05B
| $2.36M | 0.02% |
21,408
-2,730
| -11% | -$301K |
|
746
Archer Daniels Midland
ADM
$40.1B
| $2.36M | 0.02% |
51,442
+779
| +2% | +$34.9K |
|
|
HQL
747
abrdn Life Sciences Investors
HQL
$588M
| $2.35M | 0.02% |
121,526
+18,542
| +18% | +$344K |
|
748
iShares Global Timber & Forestry ETF
WOOD
$261M
| $2.34M | 0.02% |
40,628
+11,861
| +41% | +$665K |
|
749
InfraCap MLP ETF
AMZA
$461M
| $2.34M | 0.02% |
20,964
+9,441
| +82% | +$1.05M |
|
750
Idexx Laboratories
IDXX
$43.9B
| $2.34M | 0.02% |
15,046
-703
| -4% | -$96.9K |
|
Similar funds
LPL Financial's Q1 2017 Portfolio in Review
As of Q1 2017, LPL Financial held 2,916 positions worth $14.7B, up 12% from $13.1B the previous quarter. Its ten largest holdings account for 25% of the portfolio.
LPL Financial deployed $1.09B of net new capital in Q1 2017, opening 235 new positions and adding to 1,364 existing holdings. Its largest new stake was iShares Gold Trust: 517,438 shares worth $12.5M.
By sector, the portfolio is most concentrated in Financials at 2.4% of assets, down from 2.6% a quarter earlier, followed by Technology and Healthcare.
On the sell side, the largest reduction was State Street SPDR Dow Jones Global Real Estate ETF, an estimated $39M trimmed.
- LPL Financial's largest Q1 2017 buy was iShares Gold Trust: 517,438 shares worth $12.5M.
- LPL Financial added most to iShares Core S&P US Growth ETF in Q1 2017, an estimated $195M increase.
- LPL Financial's biggest Q1 2017 reduction was State Street SPDR Dow Jones Global Real Estate ETF, cutting an estimated $39M.
- LPL Financial fully exited State Street SPDR S&P Dividend ETF in Q1 2017, selling an estimated $82.3M.
- LPL Financial's ten largest holdings make up 25% of its $14.7B portfolio in Q1 2017.
- LPL Financial opened 235 new positions and closed 216 in Q1 2017.
- LPL Financial's portfolio value rose 12% quarter-over-quarter to $14.7B.
Based on LPL Financial's 13F filing for Q1 2017, filed 15 May 2017.