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 | |
|---|---|---|---|---|---|---|
101
JPMorgan Chase
JPM
$939B
| $36.1M | 0.2% |
576,482
+54,246
| +10% | +$3.26M |
|
102
iShares S&P Small-Cap 600 Value ETF
IJS
$8.11B
| $35.6M | 0.19% |
603,176
-38,828
| -6% | -$2.19M |
|
103
iShares Russell 2000 Growth ETF
IWO
$14.5B
| $35.5M | 0.19% |
249,380
+36,504
| +17% | +$4.94M |
|
104
iShares MSCI Mexico ETF
EWW
$1.89B
| $35.4M | 0.19% |
595,213
-25,265
| -4% | -$1.62M |
|
105
iShares US Technology ETF
IYW
$23.7B
| $35.3M | 0.19% |
1,352,172
-295,740
| -18% | -$7.54M |
|
106
Wells Fargo
WFC
$261B
| $35M | 0.19% |
637,757
+30,025
| +5% | +$1.59M |
|
107
iShares MSCI USA Min Vol Factor ETF
USMV
$23.2B
| $34.8M | 0.19% |
860,643
+361,403
| +72% | +$14.2M |
|
108
Invesco FTSE RAFI US 1000 ETF
PRF
$9.73B
| $34.8M | 0.19% |
1,901,420
-122,885
| -6% | -$2.2M |
|
109
Intel
INTC
$466B
| $34.3M | 0.19% |
945,803
-128,031
| -12% | -$4.45M |
|
110
Pfizer
PFE
$140B
| $34.2M | 0.19% |
1,158,227
+53,887
| +5% | +$1.55M |
|
111
Bank of America
BAC
$435B
| $34M | 0.19% |
1,899,000
+109,617
| +6% | +$1.88M |
|
112
Vanguard Mid-Cap Growth ETF
VOT
$19B
| $33.7M | 0.18% |
331,392
+15,505
| +5% | +$1.53M |
|
113
Gilead Sciences
GILD
$161B
| $33.6M | 0.18% |
356,008
+55,593
| +19% | +$5.75M |
|
114
iShares 1-3 Year Treasury Bond ETF
SHY
$25.4B
| $33.2M | 0.18% |
393,251
-4,652
| -1% | -$394K |
|
115
ConocoPhillips
COP
$147B
| $33.2M | 0.18% |
480,369
+50,574
| +12% | +$3.53M |
|
116
PepsiCo
PEP
$186B
| $33M | 0.18% |
349,253
+15,482
| +5% | +$1.48M |
|
117
iShares 5-10 Year Investment Grade Corporate Bond ETF
IGIB
$18.3B
| $32.8M | 0.18% |
600,068
+44,536
| +8% | +$2.44M |
|
118
State Street SPDR Dow Jones Global Real Estate ETF
RWO
$1.32B
| $32.8M | 0.18% |
686,191
+64,829
| +10% | +$3.03M |
|
119
iShares MSCI All Country Asia ex Japan ETF
AAXJ
$3.65B
| $32.7M | 0.18% |
537,206
+247,332
| +85% | +$15.2M |
|
120
PIMCO Active Bond Exchange-Traded Fund
BOND
$8.28B
| $32.2M | 0.18% |
300,294
-51,371
| -15% | -$5.6M |
|
|
MLPI
121
DELISTED
UBS E-TRACS Alerian MLP Infrastructure ETN
MLPI
| $31.8M | 0.17% |
783,842
+762,438
| +3,562% | +$32.3M |
|
122
FS KKR Capital
FSK
$2.98B
| $31.7M | 0.17% |
797,219
-33,741
| -4% | -$1.4M |
|
123
State Street SPDR S&P International Dividend ETF
DWX
$521M
| $31.1M | 0.17% |
739,579
-35,957
| -5% | -$1.6M |
|
124
iShares Russell 2000 Value ETF
IWN
$14.4B
| $30.8M | 0.17% |
302,931
-2,586
| -0.8% | -$253K |
|
125
VanEck Morningstar Wide Moat ETF
MOAT
$11.5B
| $30.7M | 0.17% |
988,881
+45,802
| +5% | +$1.43M |
|
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.