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 | |
|---|---|---|---|---|---|---|
|
RDS.B
776
DELISTED
Royal Dutch Shell PLC ADS Class B
RDS.B
| $2.07M | 0.02% |
35,216
+25,880
| +277% | +$1.42M |
|
|
KSU
777
DELISTED
Kansas City Southern
KSU
| $2.07M | 0.02% |
25,574
+11,832
| +86% | +$1.04M |
|
778
TSMC
TSM
$2.09T
| $2.06M | 0.02% |
70,349
+677
| +1% | +$20.4K |
|
|
AGN
779
DELISTED
Allergan plc
AGN
| $2.06M | 0.02% |
9,533
-6,851
| -42% | -$1.42M |
|
780
ProShares Trust Short MSCI EAFE
EFZ
$12.3M
| $2.06M | 0.02% |
32,419
-33,200
| -51% | -$2.14M |
|
781
iShares International Treasury Bond ETF
IGOV
$1.34B
| $2.06M | 0.02% |
46,454
-17,198
| -27% | -$806K |
|
782
iShares Biotechnology ETF
IBB
$9.31B
| $2.05M | 0.02% |
22,806
+2,274
| +11% | +$207K |
|
783
TechnipFMC
FTI
$30.6B
| $2.05M | 0.02% |
75,831
-7,355
| -9% | -$184K |
|
|
MON
784
DELISTED
Monsanto Co
MON
| $2.05M | 0.02% |
19,469
+585
| +3% | +$60K |
|
785
Ulta Beauty
ULTA
$20.4B
| $2.05M | 0.02% |
7,980
-1,244
| -13% | -$311K |
|
786
Eaton
ETN
$157B
| $2.04M | 0.02% |
29,828
-3,531
| -11% | -$232K |
|
787
iShares MSCI Emerging Markets ETF
EEM
$28.5B
| $2.04M | 0.02% |
57,624
+526
| +0.9% | +$19K |
|
|
ULTI
788
DELISTED
Ultimate Software Group Inc
ULTI
| $2.02M | 0.02% |
10,896
-232
| -2% | -$46.5K |
|
789
Aptiv
APTV
$12B
| $2.02M | 0.02% |
29,974
+15,328
| +105% | +$1.03M |
|
|
WFM
790
DELISTED
Whole Foods Market Inc
WFM
| $2.02M | 0.02% |
65,532
+10,562
| +19% | +$318K |
|
791
T-Mobile US
TMUS
$193B
| $2.02M | 0.02% |
34,584
-3,388
| -9% | -$177K |
|
792
Intuit
INTU
$81.1B
| $2.02M | 0.02% |
17,560
-778
| -4% | -$87.1K |
|
|
TEF
793
DELISTED
Telefonica
TEF
| $2.01M | 0.02% |
266,975
-16,952
| -6% | -$124K |
|
794
Invesco DB Base Metals Fund
DBB
$306M
| $2.01M | 0.02% |
135,726
-33,180
| -20% | -$489K |
|
795
ProShares UltraShort S&P500
SDS
$424M
| $2M | 0.02% |
1,346
-2,130
| -61% | -$3.42M |
|
796
Cencora
COR
$60.3B
| $2M | 0.02% |
+24,241
| New | +$1.89M |
|
797
First Trust Dividend Strength ETF
FTDS
$38.3M
| $2M | 0.02% |
71,309
-1,499
| -2% | -$40.6K |
|
798
Invesco Equal Weight 0-30 Year Treasury ETF
GOVI
$1.22B
| $1.99M | 0.02% |
62,403
-2,541
| -4% | -$83.5K |
|
799
First Trust Mid Cap Value AlphaDEX Fund
FNK
$227M
| $1.99M | 0.02% |
59,891
+643
| +1% | +$20.1K |
|
|
EUMV
800
DELISTED
iShares Edge MSCI Min Vol Europe ETF
EUMV
| $1.99M | 0.02% |
94,137
+5,413
| +6% | +$116K |
|
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.