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 Stock Market ETF
VTI
|
+$1.11B |
| 2 |
iShares Russell 1000 Growth ETF
IWF
|
+$278M |
| 3 |
Vanguard Intermediate-Term Corporate Bond ETF
VCIT
|
+$204M |
| 4 |
iShares Core MSCI EAFE ETF
IEFA
|
+$145M |
| 5 |
Vanguard Information Technology ETF
VGT
|
+$88.6M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
State Street SPDR Bloomberg International Treasury Bond ETF
BWX
|
+$46.9M |
| 2 |
State Street Utilities Select Sector SPDR ETF
XLU
|
+$45.4M |
| 3 |
iShares 20+ Year Treasury Bond ETF
TLT
|
+$39M |
| 4 |
iShares National Muni Bond ETF
MUB
|
+$36.8M |
| 5 |
iShares US Real Estate ETF
IYR
|
+$36.7M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Financials | 2.61% |
| 2 | Technology | 1.36% |
| 3 | Healthcare | 1.34% |
| 4 | Industrials | 1.16% |
| 5 | Energy | 1.08% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
IAF
1126
abrdn Australia Equity Fund
IAF
$120M
| $1.14M | 0.01% |
68,895
-6,527
| -9% | -$110K |
|
1127
Invesco Oil & Gas Services ETF
PXJ
$65M
| $1.14M | 0.01% |
17,250
-229
| -1% | -$13.7K |
|
1128
iShares MSCI Thailand ETF
THD
$363M
| $1.14M | 0.01% |
15,718
-1,847
| -11% | -$132K |
|
1129
LG Display
LPL
$3.14B
| $1.14M | 0.01% |
86,268
+46,288
| +116% | +$580K |
|
1130
Netflix
NFLX
$293B
| $1.13M | 0.01% |
88,560
-3,200
| -3% | -$37.9K |
|
1131
Trinity Industries
TRN
$2.95B
| $1.13M | 0.01% |
55,875
-1,306
| -2% | -$24.1K |
|
1132
Invesco DB Commodity Index Tracking Fund
DBC
$1.67B
| $1.13M | 0.01% |
71,919
+24,798
| +53% | +$377K |
|
|
MYD
1133
DELISTED
BlackRock MuniYield Fund
MYD
| $1.13M | 0.01% |
79,330
-205
| -0.3% | -$2.96K |
|
|
JDD
1134
DELISTED
Nuveen Diversified Dividend and Income Fund
JDD
| $1.13M | 0.01% |
99,956
-364
| -0.4% | -$4.1K |
|
|
BMS
1135
DELISTED
Bemis
BMS
| $1.12M | 0.01% |
23,100
+14,130
| +158% | +$697K |
|
|
MMT
1136
Aberdeen Multi-Market Income Fund
MMT
$238M
| $1.12M | 0.01% |
184,350
-11,063
| -6% | -$65.7K |
|
1137
WisdomTree International Hedged Quality Dividend Growth Fund
IHDG
$2.21B
| $1.11M | 0.01% |
42,015
-17,060
| -29% | -$440K |
|
1138
British American Tobacco
BTI
$131B
| $1.11M | 0.01% |
19,704
-12,996
| -40% | -$736K |
|
|
EHI
1139
Western Asset Global High Income Fund
EHI
$175M
| $1.11M | 0.01% |
113,294
+3,891
| +4% | +$37.8K |
|
1140
iShares MSCI Europe Financials ETF
EUFN
$4.07B
| $1.11M | 0.01% |
57,545
+28,090
| +95% | +$509K |
|
1141
Republic Services
RSG
$66.7B
| $1.11M | 0.01% |
19,577
+3,243
| +20% | +$174K |
|
|
FSD
1142
DELISTED
FIRST TRUST HIGH INCOME LONG/SHORT FUND
FSD
| $1.11M | 0.01% |
68,176
-3,044
| -4% | -$47.5K |
|
|
JPM.WS
1143
DELISTED
JPMorgan Chase
JPM.WS
| $1.11M | 0.01% |
24,477
-74
| -0.3% | -$2.56K |
|
1144
Braskem
BAK
$972M
| $1.11M | 0.01% |
50,368
-10,358
| -17% | -$183K |
|
1145
Infosys
INFY
$47.4B
| $1.11M | 0.01% |
150,688
-7,932
| -5% | -$59.5K |
|
1146
Dave & Buster's
PLAY
$363M
| $1.11M | 0.01% |
19,893
+7,190
| +57% | +$334K |
|
1147
Carlyle Group
CG
$16.7B
| $1.11M | 0.01% |
71,168
+4,259
| +6% | +$65.8K |
|
1148
Cleveland-Cliffs
CLF
$6.99B
| $1.11M | 0.01% |
128,935
+28,774
| +29% | +$217K |
|
|
NMY
1149
DELISTED
Nuveen Maryland Quality Municipal Income Fund
NMY
| $1.11M | 0.01% |
88,637
-20,768
| -19% | -$267K |
|
1150
Jack Henry & Associates
JKHY
$10.9B
| $1.11M | 0.01% |
12,454
+123
| +1% | +$10.5K |
|
Similar funds
LPL Financial's Q4 2016 Portfolio in Review
As of Q4 2016, LPL Financial held 2,896 positions worth $13.1B, up 25% from $10.5B the previous quarter. Its ten largest holdings account for 25% of the portfolio.
LPL Financial deployed $2.3B of net new capital in Q4 2016, opening 264 new positions and adding to 1,138 existing holdings. Its largest new stake was Vanguard Total Stock Market ETF: 9,825,004 shares worth $1.14B.
By sector, the portfolio is most concentrated in Financials at 2.6% of assets, down from 2.9% a quarter earlier, followed by Technology and Healthcare.
On the sell side, the largest reduction was State Street SPDR Bloomberg International Treasury Bond ETF, an estimated $46.9M trimmed.
- LPL Financial's largest Q4 2016 buy was Vanguard Total Stock Market ETF: 9,825,004 shares worth $1.14B.
- LPL Financial added most to iShares Russell 1000 Growth ETF in Q4 2016, an estimated $278M increase.
- LPL Financial's biggest Q4 2016 reduction was State Street SPDR Bloomberg International Treasury Bond ETF, cutting an estimated $46.9M.
- LPL Financial fully exited Credit Suisse X- Links Cushing MLP Infrastructure ETN's due April 20, 2020 in Q4 2016, selling an estimated $9.37M.
- LPL Financial's ten largest holdings make up 25% of its $13.1B portfolio in Q4 2016.
- LPL Financial opened 264 new positions and closed 226 in Q4 2016.
- LPL Financial's portfolio value rose 25% quarter-over-quarter to $13.1B.
Based on LPL Financial's 13F filing for Q4 2016, filed 13 Feb 2017.