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 Bond Market
BND
|
+$746M |
| 2 |
iShares Core S&P 500 ETF
IVV
|
+$672M |
| 3 |
iShares Core S&P Mid-Cap ETF
IJH
|
+$629M |
| 4 |
Invesco QQQ Trust
QQQ
|
+$493M |
| 5 |
iShares Core US Aggregate Bond ETF
AGG
|
+$411M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
State Street SPDR S&P MIDCAP 400 ETF Trust
MDY
|
+$86.2M |
| 2 |
iShares S&P Mid-Cap 400 Value ETF
IJJ
|
+$30.8M |
| 3 |
iShares Core S&P Small-Cap ETF
IJR
|
+$29.7M |
| 4 |
iShares S&P 500 Value ETF
IVE
|
+$26M |
| 5 |
iShares Currency Hedged MSCI Japan ETF
HEWJ
|
+$23.2M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Financials | 2.78% |
| 2 | Technology | 2.72% |
| 3 | Healthcare | 2.43% |
| 4 | Industrials | 2.36% |
| 5 | Communication Services | 2.05% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
776
Motorola Solutions
MSI
$69.4B
| $2.78M | 0.01% |
32,001
-10,575
| -25% | -$897K |
|
777
Mohawk Industries
MHK
$6.9B
| $2.77M | 0.01% |
11,471
-239
| -2% | -$56.4K |
|
778
Aon
AON
$77.3B
| $2.77M | 0.01% |
20,804
-792
| -4% | -$100K |
|
779
InfraCap MLP ETF
AMZA
$471M
| $2.76M | 0.01% |
27,306
+6,342
| +30% | +$648K |
|
780
Cambria Global Asset Allocation ETF
GAA
$72.6M
| $2.75M | 0.01% |
106,412
+13,199
| +14% | +$340K |
|
781
Eversource Energy
ES
$28.2B
| $2.75M | 0.01% |
45,326
+5,052
| +13% | +$307K |
|
782
Lam Research
LRCX
$382B
| $2.74M | 0.01% |
193,850
+135,750
| +234% | +$1.99M |
|
783
HP
HPQ
$23.5B
| $2.73M | 0.01% |
+156,313
| New | +$2.87M |
|
784
Halliburton
HAL
$27.9B
| $2.72M | 0.01% |
63,785
+20,434
| +47% | +$938K |
|
785
Invesco Dorsey Wright Emerging Markets Momentum ETF
PIE
$271M
| $2.72M | 0.01% |
157,538
-2,924
| -2% | -$49.3K |
|
786
WisdomTree US SmallCap Earnings Fund
EES
$716M
| $2.71M | 0.01% |
82,389
-2,854
| -3% | -$92.2K |
|
787
iShares US Broker-Dealers & Securities Exchanges ETF
IAI
$1.36B
| $2.7M | 0.01% |
50,738
-7,244
| -12% | -$370K |
|
788
iShares MSCI New Zealand ETF
ENZL
$67.5M
| $2.7M | 0.01% |
58,271
+39,921
| +218% | +$1.75M |
|
789
iShares US Treasury Bond ETF
GOVT
$43.6B
| $2.68M | 0.01% |
106,212
+39,595
| +59% | +$999K |
|
790
Idexx Laboratories
IDXX
$42.9B
| $2.68M | 0.01% |
16,654
+1,608
| +11% | +$261K |
|
791
VictoryShares US Small Cap High Div Volatility Wtd ETF
CSB
$271M
| $2.67M | 0.01% |
65,948
-8,006
| -11% | -$322K |
|
792
First Trust Emerging Markets AlphaDEX Fund
FEM
$745M
| $2.67M | 0.01% |
114,153
+32,082
| +39% | +$734K |
|
|
RSX
793
DELISTED
VanEck Russia ETF
RSX
| $2.65M | 0.01% |
138,026
-25,376
| -16% | -$507K |
|
794
iShares US Oil & Gas Exploration & Production ETF
IEO
$573M
| $2.64M | 0.01% |
48,334
-286,434
| -86% | -$16.4M |
|
795
Masco
MAS
$16B
| $2.63M | 0.01% |
68,872
+28,124
| +69% | +$1.03M |
|
796
iShares Treasury Floating Rate Bond ETF
TFLO
$6.56B
| $2.63M | 0.01% |
52,402
-5,071
| -9% | -$255K |
|
797
First Trust Multi Cap Growth AlphaDEX Fund
FAD
$561M
| $2.63M | 0.01% |
45,072
-13,145
| -23% | -$752K |
|
798
iShares MSCI Switzerland ETF
EWL
$2.12B
| $2.62M | 0.01% |
76,461
-511,810
| -87% | -$17.3M |
|
799
Boston Scientific
BSX
$65.8B
| $2.61M | 0.01% |
94,282
-13,934
| -13% | -$370K |
|
800
First Trust S&P REIT Index Fund
FRI
$195M
| $2.6M | 0.01% |
112,074
-19,723
| -15% | -$458K |
|
Similar funds
LPL Financial's Q2 2017 Portfolio in Review
As of Q2 2017, LPL Financial held 3,108 positions worth $26.4B, up 80% from $14.7B the previous quarter. Its ten largest holdings account for 24% of the portfolio.
LPL Financial deployed $11.3B of net new capital in Q2 2017, opening 409 new positions and adding to 1,228 existing holdings. Its largest new stake was State Street SPDR S&P Dividend ETF: 1,023,486 shares worth $91M.
By sector, the portfolio is most concentrated in Financials at 2.8% of assets, up from 2.4% a quarter earlier, followed by Technology and Healthcare.
On the sell side, the largest reduction was State Street SPDR S&P MIDCAP 400 ETF Trust, an estimated $86.2M trimmed.
- LPL Financial's largest Q2 2017 buy was State Street SPDR S&P Dividend ETF: 1,023,486 shares worth $91M.
- LPL Financial added most to Vanguard Total Bond Market in Q2 2017, an estimated $746M increase.
- LPL Financial's biggest Q2 2017 reduction was State Street SPDR S&P MIDCAP 400 ETF Trust, cutting an estimated $86.2M.
- LPL Financial fully exited Energy Transfer Partners L.p. in Q2 2017, selling an estimated $5.54M.
- LPL Financial's ten largest holdings make up 24% of its $26.4B portfolio in Q2 2017.
- LPL Financial opened 409 new positions and closed 314 in Q2 2017.
- LPL Financial's portfolio value rose 80% quarter-over-quarter to $26.4B.
Based on LPL Financial's 13F filing for Q2 2017, filed 14 Aug 2017.