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 |
State Street SPDR S&P 500 ETF Trust
SPY
|
+$95.3M |
| 2 |
Vanguard Total Stock Market ETF
VTI
|
+$65.5M |
| 3 |
State Street Health Care Select Sector SPDR ETF
XLV
|
+$64.9M |
| 4 |
iShares Russell 2000 ETF
IWM
|
+$53.8M |
| 5 |
Invesco QQQ Trust
QQQ
|
+$51.3M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Invesco BuyBack Achievers ETF
PKW
|
+$112M |
| 2 |
SPDR Gold Trust
GLD
|
+$52.1M |
| 3 |
State Street SPDR S&P MIDCAP 400 ETF Trust
MDY
|
+$39.6M |
| 4 |
iShares MSCI Canada ETF
EWC
|
+$33.7M |
| 5 |
State Street SPDR S&P Homebuilders ETF
XHB
|
+$32.9M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Financials | 3.3% |
| 2 | Technology | 3.18% |
| 3 | Healthcare | 3.03% |
| 4 | Industrials | 2.67% |
| 5 | Energy | 2.48% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
VVC
951
DELISTED
Vectren Corporation
VVC
| $1.77M | 0.01% |
38,333
-9,960
| -21% | -$437K |
|
952
BlackRock MuniYield Pennsylvania Quality Fund
MPA
$141M
| $1.77M | 0.01% |
123,220
-16,405
| -12% | -$233K |
|
|
ETP
953
DELISTED
Energy Transfer Partners, L.P.
ETP
| $1.77M | 0.01% |
42,298
-3,676
| -8% | -$169K |
|
954
iShares Global Financials ETF
IXG
$676M
| $1.76M | 0.01% |
31,161
+26,949
| +640% | +$1.52M |
|
955
Dollar General
DG
$27.2B
| $1.76M | 0.01% |
24,840
-3,591
| -13% | -$234K |
|
956
Digital Realty Trust
DLR
$72.4B
| $1.75M | 0.01% |
26,477
-7,855
| -23% | -$525K |
|
|
KED
957
DELISTED
Kayne Anderson Energy
KED
| $1.75M | 0.01% |
49,082
+11,629
| +31% | +$400K |
|
958
iShares Micro-Cap ETF
IWC
$1.45B
| $1.75M | 0.01% |
22,733
-977
| -4% | -$71K |
|
959
Bath & Body Works
BBWI
$4.13B
| $1.75M | 0.01% |
24,985
-920
| -4% | -$56.8K |
|
960
Invesco S&P 500 High Beta ETF
SPHB
$980M
| $1.74M | 0.01% |
51,091
+2,416
| +5% | +$80.8K |
|
961
Enbridge
ENB
$121B
| $1.74M | 0.01% |
33,851
+18,130
| +115% | +$854K |
|
962
Vident US Equity Strategy ETF
VUSE
$666M
| $1.74M | 0.01% |
+64,736
| New | +$1.69M |
|
|
BFZ
963
DELISTED
BlackRock CA Municipal Income Trust
BFZ
| $1.74M | 0.01% |
115,801
+2,758
| +2% | +$40.9K |
|
964
VanEck Energy Income ETF
EINC
$77.6M
| $1.73M | 0.01% |
9,246
-859
| -9% | -$197K |
|
965
First Trust Water ETF
FIW
$1.85B
| $1.73M | 0.01% |
51,383
-3,585
| -7% | -$118K |
|
966
Fidelity MSCI Consumer Discretionary Index ETF
FDIS
$1.62B
| $1.73M | 0.01% |
+59,151
| New | +$1.64M |
|
967
Fidelity MSCI Financials Index ETF
FNCL
$2.37B
| $1.73M | 0.01% |
59,273
+3,105
| +6% | +$87.3K |
|
968
Invesco Leisure and Entertainment ETF
PEJ
$259M
| $1.72M | 0.01% |
48,221
+5,647
| +13% | +$191K |
|
969
Sanofi
SNY
$105B
| $1.72M | 0.01% |
37,772
+5,713
| +18% | +$277K |
|
970
BlackRock Municipal 2030 Target Term Trust
BTT
$1.43B
| $1.72M | 0.01% |
85,660
+46,399
| +118% | +$932K |
|
|
LHO
971
DELISTED
LaSalle Hotel Properties
LHO
| $1.72M | 0.01% |
+42,496
| New | +$1.63M |
|
|
PKO
972
DELISTED
Pimco Income Opportunity Fund
PKO
| $1.72M | 0.01% |
68,556
-3,130
| -4% | -$84.4K |
|
973
NNN REIT
NNN
$9.36B
| $1.71M | 0.01% |
43,450
-964
| -2% | -$36.5K |
|
974
iShares US Regional Banks ETF
IAT
$673M
| $1.71M | 0.01% |
48,819
-3,695
| -7% | -$125K |
|
975
United Airlines
UAL
$39.1B
| $1.7M | 0.01% |
+25,465
| New | +$1.41M |
|
Similar funds
LPL Financial's Q4 2014 Portfolio in Review
As of Q4 2014, LPL Financial held 2,914 positions worth $18.3B, up 8.9% from $16.8B the previous quarter. Its ten largest holdings account for 21% of the portfolio.
LPL Financial deployed $941M of net new capital in Q4 2014, opening 219 new positions and adding to 1,218 existing holdings. Its largest new stake was iShares Currency Hedged MSCI Japan ETF: 1,826,546 shares worth $49.6M.
By sector, the portfolio is most concentrated in Financials at 3.3% of assets, up from 3.1% a quarter earlier, followed by Technology and Healthcare.
On the sell side, the largest reduction was Invesco BuyBack Achievers ETF, an estimated $112M trimmed.
- LPL Financial's largest Q4 2014 buy was iShares Currency Hedged MSCI Japan ETF: 1,826,546 shares worth $49.6M.
- LPL Financial added most to State Street SPDR S&P 500 ETF Trust in Q4 2014, an estimated $95.3M increase.
- LPL Financial's biggest Q4 2014 reduction was Invesco BuyBack Achievers ETF, cutting an estimated $112M.
- LPL Financial fully exited KINDER MORGAN ENER PNTRS L.P. in Q4 2014, selling an estimated $20M.
- LPL Financial's ten largest holdings make up 21% of its $18.3B portfolio in Q4 2014.
- LPL Financial opened 219 new positions and closed 192 in Q4 2014.
- LPL Financial's portfolio value rose 8.9% quarter-over-quarter to $18.3B.
Based on LPL Financial's 13F filing for Q4 2014, filed 13 Feb 2015.