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
|
+$275M |
| 2 |
iShares US Treasury Bond ETF
GOVT
|
+$192M |
| 3 |
iShares MSCI USA Min Vol Factor ETF
USMV
|
+$188M |
| 4 |
iShares 20+ Year Treasury Bond ETF
TLT
|
+$131M |
| 5 |
State Street SPDR S&P 500 ETF Trust
SPY
|
+$118M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Invesco QQQ Trust
QQQ
|
+$300M |
| 2 |
iShares MBS ETF
MBB
|
+$280M |
| 3 |
State Street SPDR S&P MIDCAP 400 ETF Trust
MDY
|
+$262M |
| 4 |
Xtrackers MSCI EAFE Hedged Equity ETF
DBEF
|
+$114M |
| 5 |
State Street SPDR Bloomberg High Yield Bond ETF
JNK
|
+$95.5M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Healthcare | 2.88% |
| 2 | Technology | 2.67% |
| 3 | Financials | 2.58% |
| 4 | Industrials | 2.45% |
| 5 | Consumer Staples | 2.44% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
851
Invesco Aerospace & Defense ETF
PPA
$8.39B
| $3.77M | 0.01% |
107,228
+8,060
| +8% | +$272K |
|
852
Masco
MAS
$16.5B
| $3.76M | 0.01% |
119,256
-32,763
| -22% | -$902K |
|
853
iShares Global REIT ETF
REET
$5.18B
| $3.75M | 0.01% |
142,801
-10,191
| -7% | -$252K |
|
854
Allstate
ALL
$70.1B
| $3.74M | 0.01% |
56,039
+5,592
| +11% | +$351K |
|
|
XHR
855
Xenia Hotels & Resorts
XHR
$2.01B
| $3.73M | 0.01% |
249,146
+38,286
| +18% | +$566K |
|
856
Liberty All-Star Equity Fund
USA
$1.79B
| $3.72M | 0.01% |
757,844
+61,212
| +9% | +$289K |
|
|
FEI
857
DELISTED
FIRST TRUST MLP AND ENERGY INCOME FUND
FEI
| $3.71M | 0.01% |
290,810
+103,772
| +55% | +$1.24M |
|
|
PX
858
DELISTED
Praxair Inc
PX
| $3.69M | 0.01% |
32,676
+651
| +2% | +$67.9K |
|
|
EIM
859
Eaton Vance Municipal Bond Fund
EIM
$493M
| $3.69M | 0.01% |
276,244
+68,082
| +33% | +$892K |
|
860
Broadcom
AVGO
$1.81T
| $3.69M | 0.01% |
237,670
-72,360
| -23% | -$978K |
|
|
MPT
861
Medical Properties Trust
MPT
$2.89B
| $3.68M | 0.01% |
285,643
+25,544
| +10% | +$291K |
|
862
Baxter International
BAX
$12.6B
| $3.68M | 0.01% |
88,976
-5,737
| -6% | -$219K |
|
|
ETB
863
Eaton Vance Tax-Managed Buy-Write Income Fund
ETB
$450M
| $3.67M | 0.01% |
228,942
-60,177
| -21% | -$920K |
|
|
HIX
864
Western Asset High Income Fund II
HIX
$349M
| $3.67M | 0.01% |
565,213
-49,922
| -8% | -$306K |
|
|
NHS
865
Neuberger High Yield Strategies Fund Inc
NHS
$251M
| $3.67M | 0.01% |
353,253
+291,838
| +475% | +$2.9M |
|
866
iShares GNMA Bond ETF
GNMA
$425M
| $3.66M | 0.01% |
72,048
+16,106
| +29% | +$815K |
|
867
iShares 0-5 Year Investment Grade Corporate Bond ETF
SLQD
$2.37B
| $3.66M | 0.01% |
72,303
+44,814
| +163% | +$2.25M |
|
868
State Street SPDR Portfolio S&P 600 Small Cap ETF
SPSM
$17.2B
| $3.65M | 0.01% |
168,678
-146,580
| -46% | -$2.99M |
|
869
State Street SPDR S&P Pharmaceuticals ETF
XPH
$483M
| $3.65M | 0.01% |
89,003
-133,241
| -60% | -$5.64M |
|
|
MCA
870
DELISTED
BLACKROCK MUNIYIELD CALIFORNIA QUALITY FUND, INC
MCA
| $3.65M | 0.01% |
226,704
-16,350
| -7% | -$259K |
|
871
Cencora
COR
$62.2B
| $3.64M | 0.01% |
42,404
-10,429
| -20% | -$929K |
|
872
Wynn Resorts
WYNN
$10.3B
| $3.63M | 0.01% |
39,956
-259
| -0.6% | -$19.1K |
|
873
BlackRock Enhanced Captial and Income Fund
CII
$980M
| $3.63M | 0.01% |
269,997
-6,976
| -3% | -$90.2K |
|
874
MetLife
MET
$62.7B
| $3.63M | 0.01% |
94,890
-13,525
| -12% | -$506K |
|
875
Invesco DB US Dollar Index Bullish Fund
UUP
$426M
| $3.62M | 0.01% |
147,480
-327,690
| -69% | -$8.28M |
|
Similar funds
LPL Financial's Q1 2016 Portfolio in Review
As of Q1 2016, LPL Financial held 3,343 positions worth $35.9B, down 0.34% from $36.1B the previous quarter. Its ten largest holdings account for 22% of the portfolio.
LPL Financial's Q1 2016 filing shows 182 new, 1,288 increased, 1,485 reduced and 239 closed positions. Its largest new stake was Pacer Trendpilot European Index ETF: 322,758 shares worth $8.07M. The largest sale was Invesco QQQ Trust, an estimated $300M.
By sector, the portfolio is most concentrated in Healthcare at 2.9% of assets, down from 2.9% a quarter earlier, followed by Technology and Financials.
- LPL Financial's largest Q1 2016 buy was Pacer Trendpilot European Index ETF: 322,758 shares worth $8.07M.
- LPL Financial added most to Vanguard Total Bond Market in Q1 2016, an estimated $275M increase.
- LPL Financial's biggest Q1 2016 reduction was Invesco QQQ Trust, cutting an estimated $300M.
- LPL Financial fully exited WisdomTree Japan Hedged Health Care Fund in Q1 2016, selling an estimated $11.5M.
- LPL Financial's ten largest holdings make up 22% of its $35.9B portfolio in Q1 2016.
- LPL Financial opened 182 new positions and closed 239 in Q1 2016.
- LPL Financial's portfolio value fell 0.34% quarter-over-quarter to $35.9B.
Based on LPL Financial's 13F filing for Q1 2016, filed 16 May 2016.