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 |
iShares MBS ETF
MBB
|
+$222M |
| 2 |
iShares Core S&P Small-Cap ETF
IJR
|
+$58.9M |
| 3 |
iShares 0-1 Year Treasury Bond ETF
SHV
|
+$46.3M |
| 4 |
iShares Russell 1000 ETF
IWB
|
+$34.4M |
| 5 |
First Trust Dorsey Wright Focus 5 ETF
FV
|
+$30.5M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
State Street SPDR S&P MIDCAP 400 ETF Trust
MDY
|
+$93.5M |
| 2 |
State Street SPDR S&P 500 ETF Trust
SPY
|
+$75.7M |
| 3 |
Alphabet (Google) Class C
GOOG
|
+$47.2M |
| 4 |
iShares Gold Trust
IAU
|
+$46.7M |
| 5 |
iShare MSCI Eurozone ETF
EZU
|
+$44.2M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Healthcare | 3.15% |
| 2 | Financials | 3.12% |
| 3 | Technology | 3.04% |
| 4 | Industrials | 2.56% |
| 5 | Consumer Staples | 2.3% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
101
Vanguard Short-Term Corporate Bond ETF
VCSH
$44.7B
| $38.2M | 0.21% |
479,783
-23,641
| -5% | -$1.88M |
|
102
JPMorgan Chase
JPM
$939B
| $37.8M | 0.21% |
609,252
+21,696
| +4% | +$1.42M |
|
103
Vanguard Mid-Cap Value ETF
VOE
$23.7B
| $37.8M | 0.21% |
438,490
+53,548
| +14% | +$4.75M |
|
104
Pfizer
PFE
$140B
| $37.8M | 0.21% |
1,188,565
+29,763
| +3% | +$954K |
|
105
PIMCO Active Bond Exchange-Traded Fund
BOND
$8.28B
| $36.6M | 0.2% |
344,747
+83,149
| +32% | +$8.88M |
|
106
iShares Russell 3000 ETF
IWV
$19.5B
| $36.4M | 0.2% |
308,813
-3,094
| -1% | -$375K |
|
107
iShares Russell 2000 Value ETF
IWN
$14.4B
| $36.3M | 0.2% |
391,510
+1,477
| +0.4% | +$142K |
|
108
iShares MSCI Emerging Markets ETF
EEM
$28B
| $36.3M | 0.2% |
1,049,456
-123,881
| -11% | -$4.38M |
|
109
Alerian MLP ETF
AMLP
$13B
| $36.2M | 0.2% |
523,423
+6,803
| +1% | +$495K |
|
110
Lockheed Martin
LMT
$134B
| $35.8M | 0.2% |
169,104
-6,195
| -4% | -$1.26M |
|
111
FS KKR Capital
FSK
$2.98B
| $34.9M | 0.19% |
899,814
+38,268
| +4% | +$1.54M |
|
112
Coca-Cola
KO
$354B
| $34.5M | 0.19% |
842,290
-7,476
| -0.9% | -$299K |
|
113
iShares 5-10 Year Investment Grade Corporate Bond ETF
IGIB
$18.3B
| $34.3M | 0.19% |
632,046
+362,118
| +134% | +$19.6M |
|
|
114
iShare MSCI Eurozone ETF
EZU
$9.41B
| $34.2M | 0.19% |
961,837
-1,194,161
| -55% | -$44.2M |
|
115
Invesco Dorsey Wright Momentum ETF
PDP
$1.5B
| $33.9M | 0.19% |
822,841
-25,404
| -3% | -$1.08M |
|
116
First Trust NYSE Arca Biotechnology Index Fund
FBT
$2.8B
| $33.6M | 0.19% |
321,770
-22,479
| -7% | -$2.67M |
|
117
iShares Currency Hedged MSCI Eurozone ETF
HEZU
$565M
| $33.5M | 0.18% |
1,306,134
+223,414
| +21% | +$6.01M |
|
118
PepsiCo
PEP
$186B
| $33.3M | 0.18% |
347,227
+11,445
| +3% | +$1.09M |
|
119
Visa
V
$677B
| $33M | 0.18% |
457,569
+27,684
| +6% | +$1.98M |
|
120
iShares US Real Estate ETF
IYR
$4.59B
| $31.7M | 0.17% |
433,222
+99,028
| +30% | +$7.21M |
|
121
Vanguard Health Care ETF
VHT
$18.2B
| $31.7M | 0.17% |
250,282
-36,239
| -13% | -$4.97M |
|
122
iShares MSCI EAFE Min Vol Factor ETF
EFAV
$5.22B
| $31.6M | 0.17% |
491,339
+238,870
| +95% | +$15.5M |
|
123
Intel
INTC
$466B
| $31.5M | 0.17% |
1,009,125
-78,828
| -7% | -$2.28M |
|
124
Kinder Morgan
KMI
$73.1B
| $31.3M | 0.17% |
1,012,911
+30,163
| +3% | +$999K |
|
125
Merck
MRK
$324B
| $31M | 0.17% |
633,950
+28,220
| +5% | +$1.5M |
|
Similar funds
LPL Financial's Q3 2015 Portfolio in Review
As of Q3 2015, LPL Financial held 3,027 positions worth $18.2B, down 7.9% from $19.7B the previous quarter. Its ten largest holdings account for 20% of the portfolio.
LPL Financial withdrew a net $644M in Q3 2015, closing 241 positions and reducing 1,426 holdings. Its most notable exit was Alphabet (Google) Class C, an estimated $47.2M position sold in full.
By sector, the portfolio is most concentrated in Healthcare at 3.1% of assets, down from 3.2% a quarter earlier, followed by Financials and Technology.
Against the trend, LPL Financial opened a new position in Kraft Heinz worth $12.4M.
- LPL Financial's largest Q3 2015 buy was Kraft Heinz: 171,423 shares worth $12.4M.
- LPL Financial added most to iShares MBS ETF in Q3 2015, an estimated $222M increase.
- LPL Financial's biggest Q3 2015 reduction was State Street SPDR S&P MIDCAP 400 ETF Trust, cutting an estimated $93.5M.
- LPL Financial fully exited Alphabet (Google) Class C in Q3 2015, selling an estimated $47.2M.
- LPL Financial's ten largest holdings make up 20% of its $18.2B portfolio in Q3 2015.
- LPL Financial opened 157 new positions and closed 241 in Q3 2015.
- LPL Financial's portfolio value fell 7.9% quarter-over-quarter to $18.2B.
Based on LPL Financial's 13F filing for Q3 2015, filed 13 Nov 2015.