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 | |
|---|---|---|---|---|---|---|
|
HEWG
776
DELISTED
iShares Currency Hedged MSCI Germany ETF
HEWG
| $1.91M | 0.02% |
89,172
-227,574
| -72% | -$5.26M |
|
|
OKS
777
DELISTED
Oneok Partners LP
OKS
| $1.91M | 0.02% |
47,552
-52,217
| -52% | -$1.91M |
|
|
CERN
778
DELISTED
Cerner Corp
CERN
| $1.91M | 0.02% |
32,404
-37,798
| -54% | -$2.11M |
|
|
PGP
779
PIMCO Global StockPLUS & Income Fund
PGP
$96.6M
| $1.9M | 0.02% |
94,069
-143,236
| -60% | -$2.81M |
|
780
State Street SPDR S&P Bank ETF
KBE
$1.64B
| $1.9M | 0.02% |
64,284
-38,647
| -38% | -$1.22M |
|
781
VF Corp
VFC
$6.68B
| $1.89M | 0.02% |
32,351
-40,122
| -55% | -$2.37M |
|
|
NCV
782
Virtus Convertible & Income Fund
NCV
$374M
| $1.89M | 0.02% |
74,645
-72,358
| -49% | -$1.69M |
|
783
Schwab Emerging Markets Equity ETF
SCHE
$12.3B
| $1.89M | 0.02% |
89,934
-106,042
| -54% | -$2.18M |
|
|
FTR
784
DELISTED
Frontier Communications Corp.
FTR
| $1.89M | 0.02% |
25,824
-26,378
| -51% | -$2.07M |
|
|
FLG
785
Flagstar Bank National Association
FLG
$5.77B
| $1.89M | 0.02% |
42,884
-43,987
| -51% | -$2M |
|
786
LKQ Corp
LKQ
$6.58B
| $1.88M | 0.02% |
59,281
-7,658
| -11% | -$249K |
|
787
Nuveen Real Asset Income & Growth Fund
JRI
$358M
| $1.88M | 0.02% |
112,617
-95,606
| -46% | -$1.51M |
|
788
Carter's
CRI
$1.43B
| $1.88M | 0.02% |
17,509
+7,380
| +73% | +$761K |
|
|
NZH
789
DELISTED
Nuveen Calif Div
NZH
| $1.88M | 0.02% |
116,854
-122,406
| -51% | -$1.88M |
|
790
Schwab US REIT ETF
SCHH
$11.7B
| $1.87M | 0.02% |
85,646
-80,888
| -49% | -$1.67M |
|
791
CMS Energy
CMS
$23.1B
| $1.87M | 0.02% |
40,524
-26,101
| -39% | -$1.1M |
|
|
PCQ
792
Pimco California Municipal Income Fund
PCQ
$162M
| $1.87M | 0.02% |
107,173
-129,729
| -55% | -$2.17M |
|
793
iShares US Home Construction ETF
ITB
$2.41B
| $1.87M | 0.02% |
66,326
-562,408
| -89% | -$15.3M |
|
794
WisdomTree International Hedged Quality Dividend Growth Fund
IHDG
$2.19B
| $1.87M | 0.02% |
74,253
-87,053
| -54% | -$2.24M |
|
795
VanEck Long Muni ETF
MLN
$683M
| $1.86M | 0.02% |
88,231
-72,919
| -45% | -$1.5M |
|
796
Humana
HUM
$46.7B
| $1.86M | 0.02% |
10,352
-5,890
| -36% | -$1.05M |
|
797
iShares Core MSCI Europe ETF
IEUR
$8.66B
| $1.86M | 0.02% |
48,502
-55,295
| -53% | -$2.28M |
|
798
Nuveen Select Tax-Free Income Portfolio
NXP
$900M
| $1.85M | 0.02% |
119,762
-115,619
| -49% | -$1.74M |
|
799
State Street SPDR S&P Global Natural Resources ETF
GNR
$4.75B
| $1.85M | 0.02% |
49,801
-40,966
| -45% | -$1.5M |
|
800
Vanguard S&P Mid-Cap 400 Growth ETF
IVOG
$1.63B
| $1.84M | 0.02% |
35,338
-4,126
| -10% | -$211K |
|
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.