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 | |
|---|---|---|---|---|---|---|
901
Invesco Dorsey Wright Developed Markets Momentum ETF
PIZ
$718M
| $1.54M | 0.01% |
69,088
-106,054
| -61% | -$2.45M |
|
|
NMY
902
DELISTED
Nuveen Maryland Quality Municipal Income Fund
NMY
| $1.54M | 0.01% |
106,829
-84,138
| -44% | -$1.15M |
|
|
BCS.PRA.CL
903
DELISTED
Barclays Bank Plc Series 3
BCS.PRA.CL
| $1.54M | 0.01% |
60,184
-60,498
| -50% | -$1.56M |
|
904
J.M. Smucker
SJM
$12.6B
| $1.54M | 0.01% |
10,034
-37,321
| -79% | -$4.96M |
|
905
Agree Realty
ADC
$9.68B
| $1.53M | 0.01% |
31,354
+21,958
| +234% | +$924K |
|
906
Keurig Dr Pepper
KDP
$40.4B
| $1.53M | 0.01% |
15,673
-6,042
| -28% | -$554K |
|
|
NIE
907
Virtus Equity & Convertible Income Fund
NIE
$718M
| $1.52M | 0.01% |
82,674
-61,993
| -43% | -$1.12M |
|
|
RENX
908
DELISTED
RELX N.V.
RENX
| $1.52M | 0.01% |
88,340
+45,404
| +106% | +$776K |
|
909
State Street SPDR S&P China ETF
GXC
$445M
| $1.52M | 0.01% |
22,048
-61,833
| -74% | -$4.24M |
|
910
Goodyear
GT
$2.07B
| $1.52M | 0.01% |
60,099
-83,292
| -58% | -$2.39M |
|
911
WisdomTree US SmallCap Earnings Fund
EES
$716M
| $1.52M | 0.01% |
58,101
-65,520
| -53% | -$1.71M |
|
912
Suncor Energy
SU
$77.7B
| $1.51M | 0.01% |
53,667
-43,984
| -45% | -$1.21M |
|
913
Mid-America Apartment Communities
MAA
$15.6B
| $1.5M | 0.01% |
13,710
-6,526
| -32% | -$656K |
|
914
Xtrackers MSCI Europe Hedged Equity ETF
DBEU
$764M
| $1.5M | 0.01% |
62,547
-77,738
| -55% | -$1.94M |
|
915
Invesco Trust Investment Grade Municipals
VGM
$549M
| $1.5M | 0.01% |
100,330
-95,634
| -49% | -$1.37M |
|
|
YHOO
916
DELISTED
Yahoo Inc
YHOO
| $1.5M | 0.01% |
39,846
-47,578
| -54% | -$1.76M |
|
917
Invesco S&P Global Water Index ETF
CGW
$1.05B
| $1.49M | 0.01% |
50,632
+6,373
| +14% | +$185K |
|
918
BlackRock MuniYield Quality Fund III
MYI
$709M
| $1.49M | 0.01% |
94,733
-85,393
| -47% | -$1.31M |
|
|
BNY
919
Bank of New York Mellon
BNY
$108B
| $1.48M | 0.01% |
39,571
-37,257
| -48% | -$1.48M |
|
|
JRO
920
DELISTED
Nuveen Floating Rate Income Opportunty Fund
JRO
| $1.47M | 0.01% |
142,849
-105,183
| -42% | -$1.07M |
|
921
Canadian Pacific Kansas City
CP
$82B
| $1.47M | 0.01% |
56,015
+41,950
| +298% | +$1.13M |
|
922
First Trust Natural Gas ETF
FCG
$632M
| $1.47M | 0.01% |
60,515
-375,929
| -86% | -$8.88M |
|
923
3M
MMM
$89B
| $1.47M | 0.01% |
10,003
-285,286
| -97% | -$40.2M |
|
924
Invesco California AMT-Free Municipal Bond ETF
PWZ
$1.14B
| $1.46M | 0.01% |
54,052
-15,613
| -22% | -$414K |
|
925
Cohen & Steers Closed End Opportunity Fund
FOF
$374M
| $1.46M | 0.01% |
126,318
-112,227
| -47% | -$1.27M |
|
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.