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 | |
|---|---|---|---|---|---|---|
901
State Street SPDR S&P Pharmaceuticals ETF
XPH
$469M
| $2.11M | 0.01% |
49,049
-3,391
| -6% | -$143K |
|
902
iShares US & Intl High Yield Corp Bond ETF
GHYG
$184M
| $2.11M | 0.01% |
41,787
+2,659
| +7% | +$133K |
|
903
eBay
EBAY
$48.6B
| $2.11M | 0.01% |
60,326
+1,637
| +3% | +$56K |
|
904
Invesco Municipal Opportunity Trust
VMO
$647M
| $2.1M | 0.01% |
160,707
-205,790
| -56% | -$2.7M |
|
905
VanEck Long Muni ETF
MLN
$683M
| $2.1M | 0.01% |
105,711
+2,167
| +2% | +$42.8K |
|
906
Nuveen California Quality Municipal Income Fund
NAC
$1.83B
| $2.09M | 0.01% |
139,246
-420,856
| -75% | -$6.22M |
|
|
DHC
907
Diversified Healthcare Trust
DHC
$2.26B
| $2.09M | 0.01% |
102,344
+6,282
| +7% | +$134K |
|
|
UN
908
DELISTED
Unilever NV New York Registry Shares
UN
| $2.09M | 0.01% |
37,835
+10,264
| +37% | +$554K |
|
|
CERN
909
DELISTED
Cerner Corp
CERN
| $2.09M | 0.01% |
+31,427
| New | +$2.01M |
|
910
iShares Emerging Markets Dividend ETF
DVYE
$1.22B
| $2.08M | 0.01% |
51,824
+3,929
| +8% | +$158K |
|
|
ROOF
911
DELISTED
NYLI CBRE NextGen Real Estate ETF
ROOF
| $2.08M | 0.01% |
76,662
+6,856
| +10% | +$186K |
|
|
DFS
912
DELISTED
Discover Financial Services
DFS
| $2.08M | 0.01% |
33,371
+17,711
| +113% | +$1.1M |
|
913
First Trust Dividend Strength ETF
FTDS
$38.3M
| $2.07M | 0.01% |
69,344
-3,422
| -5% | -$100K |
|
914
Cracker Barrel
CBRL
$1.2B
| $2.07M | 0.01% |
+12,387
| New | +$2.02M |
|
915
iShares MSCI Emerging Markets Asia ETF
EEMA
$827M
| $2.07M | 0.01% |
31,943
+3,385
| +12% | +$213K |
|
|
CYBR
916
DELISTED
CyberArk
CYBR
| $2.07M | 0.01% |
41,429
+2,134
| +5% | +$108K |
|
|
TWTR
917
DELISTED
Twitter, Inc.
TWTR
| $2.07M | 0.01% |
115,698
+93,880
| +430% | +$1.6M |
|
918
Plains All American Pipeline
PAA
$17.4B
| $2.07M | 0.01% |
78,687
-3,477
| -4% | -$96.3K |
|
|
HFEZ
919
DELISTED
SPDR EURO STOXX 50 Currency Hedged ETF
HFEZ
| $2.06M | 0.01% |
52,893
+4,064
| +8% | +$161K |
|
920
Tower Semiconductor
TSEM
$26.4B
| $2.06M | 0.01% |
86,406
-50
| -0.1% | -$1.18K |
|
921
Cedar Fair
FUN
$1.78B
| $2.06M | 0.01% |
28,577
-255
| -0.9% | -$17.9K |
|
922
Ball Corp
BALL
$17B
| $2.06M | 0.01% |
48,703
+10,535
| +28% | +$416K |
|
923
VanEck Biotech ETF
BBH
$396M
| $2.05M | 0.01% |
16,322
-1,962
| -11% | -$237K |
|
924
State Street SPDR Portfolio TIPS ETF
SPIP
$1B
| $2.05M | 0.01% |
72,988
+11,902
| +19% | +$337K |
|
925
RPM International
RPM
$13.7B
| $2.05M | 0.01% |
37,547
-872
| -2% | -$46.6K |
|
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.