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
|
+$266M |
| 2 |
iShare MSCI Eurozone ETF
EZU
|
+$69.4M |
| 3 |
iShares Russell 1000 ETF
IWB
|
+$62M |
| 4 |
Vanguard Total Stock Market ETF
VTI
|
+$49.8M |
| 5 |
Invesco QQQ Trust
QQQ
|
+$44.5M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
State Street SPDR S&P MIDCAP 400 ETF Trust
MDY
|
+$223M |
| 2 |
iShares Europe ETF
IEV
|
+$80M |
| 3 |
iShares Core US Aggregate Bond ETF
AGG
|
+$52.5M |
| 4 |
Invesco BuyBack Achievers ETF
PKW
|
+$49.2M |
| 5 |
iShares MSCI Emerging Markets ETF
EEM
|
+$43.9M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 3.13% |
| 2 | Financials | 3.12% |
| 3 | Energy | 2.94% |
| 4 | Healthcare | 2.93% |
| 5 | Industrials | 2.66% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
101
Vanguard Information Technology ETF
VGT
$139B
| $34.7M | 0.21% |
2,817,120
+349,616
| +14% | +$4.34M |
|
102
iShares S&P Small-Cap 600 Value ETF
IJS
$8.11B
| $34M | 0.2% |
642,004
+156,572
| +32% | +$8.81M |
|
103
iShares 1-3 Year Treasury Bond ETF
SHY
$25.4B
| $33.7M | 0.2% |
397,903
-2,476
| -0.6% | -$209K |
|
104
iShares Russell 3000 ETF
IWV
$19.5B
| $33.3M | 0.2% |
288,850
-2,719
| -0.9% | -$320K |
|
105
Vanguard Small-Cap Value ETF
VBR
$37.1B
| $32.3M | 0.19% |
328,051
+5,258
| +2% | +$545K |
|
106
ConocoPhillips
COP
$147B
| $32.2M | 0.19% |
429,795
+2,218
| +0.5% | +$181K |
|
107
Vanguard Small-Cap Growth ETF
VBK
$23.2B
| $32.1M | 0.19% |
270,484
+16,843
| +7% | +$2.09M |
|
108
Invesco S&P 500 Pure Growth ETF
RPG
$2.04B
| $32M | 0.19% |
2,112,310
+488,605
| +30% | +$7.62M |
|
109
Gilead Sciences
GILD
$161B
| $31.7M | 0.19% |
300,415
+52,248
| +21% | +$5.12M |
|
110
PIMCO 0-5 Year High Yield Corporate Bond Index Exchange-Traded Fund
HYS
$1.73B
| $31.7M | 0.19% |
305,403
-63,326
| -17% | -$6.68M |
|
111
iShares MSCI Emerging Markets Min Vol Factor ETF
EEMV
$3.45B
| $31.5M | 0.19% |
532,377
+470,610
| +762% | +$29M |
|
112
JPMorgan Chase
JPM
$939B
| $31.2M | 0.19% |
522,236
+11,252
| +2% | +$658K |
|
113
Wells Fargo
WFC
$261B
| $31.2M | 0.19% |
607,732
+13,149
| +2% | +$676K |
|
114
PepsiCo
PEP
$186B
| $30.9M | 0.18% |
333,771
-2,711
| -0.8% | -$248K |
|
115
State Street Consumer Staples Select Sector SPDR ETF
XLP
$14.2B
| $30.9M | 0.18% |
689,459
-90,147
| -12% | -$4.04M |
|
116
Invesco S&P 500 Pure Value ETF
RPV
$1.61B
| $30.8M | 0.18% |
587,705
+106,911
| +22% | +$5.76M |
|
117
Pfizer
PFE
$140B
| $30.5M | 0.18% |
1,104,340
-87,906
| -7% | -$2.47M |
|
118
iShares 5-10 Year Investment Grade Corporate Bond ETF
IGIB
$18.3B
| $30.4M | 0.18% |
555,532
-137,166
| -20% | -$7.53M |
|
119
First Trust Mid Cap Core AlphaDEX Fund
FNX
$1.38B
| $30.4M | 0.18% |
614,965
+37,252
| +6% | +$1.95M |
|
120
Bank of America
BAC
$435B
| $30.1M | 0.18% |
1,789,383
+322,000
| +22% | +$5.13M |
|
121
Vanguard Mid-Cap Growth ETF
VOT
$19B
| $29.9M | 0.18% |
315,887
-17,473
| -5% | -$1.69M |
|
122
ProShares Trust UltraShort Lehman 20+ Year Treasury
TBT
$293M
| $29.6M | 0.18% |
547,294
-222,967
| -29% | -$13M |
|
123
iShares US Financials ETF
IYF
$4.39B
| $29.4M | 0.18% |
710,676
+579,878
| +443% | +$24.3M |
|
124
IBM
IBM
$202B
| $29.1M | 0.17% |
162,820
-18,825
| -10% | -$3.43M |
|
125
VanEck Morningstar Wide Moat ETF
MOAT
$11.5B
| $29.1M | 0.17% |
943,079
+179,118
| +23% | +$5.57M |
|
Similar funds
LPL Financial's Q3 2014 Portfolio in Review
As of Q3 2014, LPL Financial held 2,870 positions worth $16.8B, down 2.3% from $17.2B the previous quarter. Its ten largest holdings account for 20% of the portfolio.
LPL Financial's Q3 2014 filing shows 194 new, 1,224 increased, 1,195 reduced and 174 closed positions. Its largest new stake was WisdomTree Trust WisdomTree Interest Rate Hedged US Aggregate Bond Fund: 685,236 shares worth $17M. The largest sale was State Street SPDR S&P MIDCAP 400 ETF Trust, an estimated $223M.
By sector, the portfolio is most concentrated in Technology at 3.1% of assets, up from 3.1% a quarter earlier, followed by Financials and Energy.
- LPL Financial's largest Q3 2014 buy was WisdomTree Trust WisdomTree Interest Rate Hedged US Aggregate Bond Fund: 685,236 shares worth $17M.
- LPL Financial added most to State Street SPDR S&P 500 ETF Trust in Q3 2014, an estimated $266M increase.
- LPL Financial's biggest Q3 2014 reduction was State Street SPDR S&P MIDCAP 400 ETF Trust, cutting an estimated $223M.
- LPL Financial fully exited iShares MSCI France ETF in Q3 2014, selling an estimated $15.9M.
- LPL Financial's ten largest holdings make up 20% of its $16.8B portfolio in Q3 2014.
- LPL Financial opened 194 new positions and closed 174 in Q3 2014.
- LPL Financial's portfolio value fell 2.3% quarter-over-quarter to $16.8B.
Based on LPL Financial's 13F filing for Q3 2014, filed 10 Nov 2014.