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
|
+$275M |
| 2 |
iShares US Treasury Bond ETF
GOVT
|
+$192M |
| 3 |
iShares MSCI USA Min Vol Factor ETF
USMV
|
+$188M |
| 4 |
iShares 20+ Year Treasury Bond ETF
TLT
|
+$131M |
| 5 |
State Street SPDR S&P 500 ETF Trust
SPY
|
+$118M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Invesco QQQ Trust
QQQ
|
+$300M |
| 2 |
iShares MBS ETF
MBB
|
+$280M |
| 3 |
State Street SPDR S&P MIDCAP 400 ETF Trust
MDY
|
+$262M |
| 4 |
Xtrackers MSCI EAFE Hedged Equity ETF
DBEF
|
+$114M |
| 5 |
State Street SPDR Bloomberg High Yield Bond ETF
JNK
|
+$95.5M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Healthcare | 2.88% |
| 2 | Technology | 2.67% |
| 3 | Financials | 2.58% |
| 4 | Industrials | 2.45% |
| 5 | Consumer Staples | 2.44% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
101
Coca-Cola
KO
$354B
| $76.5M | 0.21% |
1,644,063
-6,671
| -0.4% | -$290K |
|
102
First Trust Health Care AlphaDEX Fund
FXH
$1.02B
| $76.2M | 0.21% |
1,354,978
-441,243
| -25% | -$23.9M |
|
103
Vanguard S&P 500 Growth ETF
VOOG
$25.4B
| $75.9M | 0.21% |
4,396,500
+3,463,332
| +371% | +$56.9M |
|
104
Gilead Sciences
GILD
$161B
| $75.8M | 0.21% |
793,122
-85,011
| -10% | -$7.67M |
|
105
iShares Biotechnology ETF
IBB
$9.31B
| $73.4M | 0.2% |
816,135
-348,075
| -30% | -$31.1M |
|
106
WisdomTree Trust WisdomTree US Quality Dividend Growth Fund
DGRW
$16.6B
| $73M | 0.2% |
2,350,163
+809,220
| +53% | +$23.8M |
|
107
Vanguard Health Care ETF
VHT
$18.2B
| $73M | 0.2% |
585,613
-37,840
| -6% | -$4.6M |
|
108
Visa
V
$677B
| $72.7M | 0.2% |
944,869
+221,740
| +31% | +$16.1M |
|
109
Invesco Preferred ETF
PGX
$3.84B
| $72.6M | 0.2% |
4,928,400
+428,670
| +10% | +$6.31M |
|
110
SPDR Gold Trust
GLD
$131B
| $71.1M | 0.2% |
604,398
+252,032
| +72% | +$28.6M |
|
111
First Trust Large Cap Value AlphaDEX Fund
FTA
$1.38B
| $70.6M | 0.2% |
1,781,078
-442,327
| -20% | -$16.6M |
|
112
First Trust Consumer Staples AlphaDEX Fund
FXG
$231M
| $69.9M | 0.19% |
1,517,138
+115,195
| +8% | +$5.08M |
|
113
iShares Russell 2000 Value ETF
IWN
$14.4B
| $68.6M | 0.19% |
750,617
-14,025
| -2% | -$1.22M |
|
114
iShares Russell 2000 Growth ETF
IWO
$14.5B
| $68.5M | 0.19% |
521,355
-37,765
| -7% | -$4.71M |
|
115
Pfizer
PFE
$140B
| $67.7M | 0.19% |
2,276,948
+152,928
| +7% | +$4.37M |
|
116
Vanguard Small-Cap Growth ETF
VBK
$23.2B
| $67.7M | 0.19% |
575,987
-208,001
| -27% | -$23.1M |
|
117
Vanguard Intermediate-Term Bond ETF
BIV
$28.8B
| $66.4M | 0.18% |
769,993
+241,417
| +46% | +$20.5M |
|
118
Wells Fargo
WFC
$261B
| $66.4M | 0.18% |
1,397,040
-97,314
| -7% | -$4.76M |
|
119
First Trust Morningstar Dividend Leaders Index Fund
FDL
$7.72B
| $65.6M | 0.18% |
2,568,284
+993,246
| +63% | +$24.1M |
|
120
iShares 5-10 Year Investment Grade Corporate Bond ETF
IGIB
$18.3B
| $63.4M | 0.18% |
1,156,222
-78,356
| -6% | -$4.23M |
|
121
Invesco S&P 500 High Dividend Low Volatility ETF
SPHD
$3.36B
| $63.4M | 0.18% |
1,735,370
+853,491
| +97% | +$29.1M |
|
122
PepsiCo
PEP
$186B
| $62.8M | 0.17% |
608,763
-20,762
| -3% | -$2.05M |
|
123
PIMCO Active Bond Exchange-Traded Fund
BOND
$8.28B
| $62.1M | 0.17% |
587,907
-77,897
| -12% | -$8.13M |
|
124
iShares S&P Small-Cap 600 Growth ETF
IJT
$8.22B
| $62M | 0.17% |
1,015,450
-767,118
| -43% | -$44.7M |
|
125
Amazon
AMZN
$2.5T
| $61.6M | 0.17% |
2,100,700
+414,000
| +25% | +$11.7M |
|
Similar funds
LPL Financial's Q1 2016 Portfolio in Review
As of Q1 2016, LPL Financial held 3,343 positions worth $35.9B, down 0.34% from $36.1B the previous quarter. Its ten largest holdings account for 22% of the portfolio.
LPL Financial's Q1 2016 filing shows 182 new, 1,288 increased, 1,485 reduced and 239 closed positions. Its largest new stake was Pacer Trendpilot European Index ETF: 322,758 shares worth $8.07M. The largest sale was Invesco QQQ Trust, an estimated $300M.
By sector, the portfolio is most concentrated in Healthcare at 2.9% of assets, down from 2.9% a quarter earlier, followed by Technology and Financials.
- LPL Financial's largest Q1 2016 buy was Pacer Trendpilot European Index ETF: 322,758 shares worth $8.07M.
- LPL Financial added most to Vanguard Total Bond Market in Q1 2016, an estimated $275M increase.
- LPL Financial's biggest Q1 2016 reduction was Invesco QQQ Trust, cutting an estimated $300M.
- LPL Financial fully exited WisdomTree Japan Hedged Health Care Fund in Q1 2016, selling an estimated $11.5M.
- LPL Financial's ten largest holdings make up 22% of its $35.9B portfolio in Q1 2016.
- LPL Financial opened 182 new positions and closed 239 in Q1 2016.
- LPL Financial's portfolio value fell 0.34% quarter-over-quarter to $35.9B.
Based on LPL Financial's 13F filing for Q1 2016, filed 16 May 2016.