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 | |
|---|---|---|---|---|---|---|
1051
Capital One
COF
$124B
| $1.64M | 0.01% |
19,849
-5,082
| -20% | -$413K |
|
1052
iShares MSCI Belgium ETF
EWK
$163M
| $1.64M | 0.01% |
83,627
-3,919
| -4% | -$77.3K |
|
1053
Ameren
AEE
$31.5B
| $1.63M | 0.01% |
29,883
+19,417
| +186% | +$1.08M |
|
1054
Apollo Global Management
APO
$70.7B
| $1.63M | 0.01% |
61,722
+6,971
| +13% | +$186K |
|
1055
Progressive
PGR
$124B
| $1.63M | 0.01% |
37,025
+3,647
| +11% | +$151K |
|
1056
Icon
ICLR
$12.8B
| $1.63M | 0.01% |
16,657
-10
| -0.1% | -$884 |
|
1057
Quest Diagnostics
DGX
$25.1B
| $1.62M | 0.01% |
+14,594
| New | +$1.54M |
|
1058
Newell Brands
NWL
$2.16B
| $1.62M | 0.01% |
30,325
+24,815
| +450% | +$1.26M |
|
1059
Schwab US Aggregate Bond ETF
SCHZ
$10.5B
| $1.62M | 0.01% |
61,922
-6,580
| -10% | -$172K |
|
|
PARA
1060
DELISTED
Paramount Global Class B
PARA
| $1.61M | 0.01% |
25,317
+13,327
| +111% | +$853K |
|
1061
Honda
HMC
$36.5B
| $1.61M | 0.01% |
58,782
+17,994
| +44% | +$509K |
|
|
RFEU
1062
DELISTED
First Trust RiverFront Dynamic Europe ETF
RFEU
| $1.61M | 0.01% |
26,315
+11,483
| +77% | +$692K |
|
1063
Electronic Arts
EA
$52.4B
| $1.61M | 0.01% |
15,119
+3,361
| +29% | +$346K |
|
|
HPI
1064
John Hancock Preferred Income Fund
HPI
$428M
| $1.61M | 0.01% |
73,580
-85,624
| -54% | -$1.87M |
|
1065
ProShares MSCI EAFE Dividend Growers ETF
EFAD
$60.9M
| $1.61M | 0.01% |
43,880
+12,114
| +38% | +$440K |
|
1066
iShares Russell Top 200 ETF
IWL
$2.16B
| $1.61M | 0.01% |
28,862
+599
| +2% | +$32.9K |
|
1067
Seagate
STX
$193B
| $1.61M | 0.01% |
+41,434
| New | +$1.81M |
|
1068
Rockwell Automation
ROK
$51.4B
| $1.6M | 0.01% |
9,910
+5,082
| +105% | +$802K |
|
1069
iShares MSCI South Africa ETF
EZA
$525M
| $1.6M | 0.01% |
28,275
+13,449
| +91% | +$784K |
|
1070
Invesco S&P 500 Equal Weight Industrials ETF
RSPN
$1.1B
| $1.6M | 0.01% |
74,210
+360
| +0.5% | +$7.61K |
|
1071
Franklin Resources
BEN
$16.9B
| $1.6M | 0.01% |
+35,776
| New | +$1.53M |
|
1072
Targa Resources
TRGP
$60.4B
| $1.6M | 0.01% |
+35,440
| New | +$1.78M |
|
1073
3D Systems Corp
DDD
$420M
| $1.6M | 0.01% |
+85,556
| New | +$1.62M |
|
1074
Dover
DOV
$27.2B
| $1.6M | 0.01% |
24,661
+6,923
| +39% | +$451K |
|
|
WFM
1075
DELISTED
Whole Foods Market Inc
WFM
| $1.6M | 0.01% |
37,936
-15,763
| -29% | -$574K |
|
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.