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 | |
|---|---|---|---|---|---|---|
101
Invesco Emerging Markets Sovereign Debt ETF
PCY
$1.38B
| $21.9M | 0.17% |
772,961
-15,106
| -2% | -$437K |
|
102
iShares MSCI Hong Kong ETF
EWH
$1.22B
| $21.8M | 0.17% |
1,101,827
+1,081,885
| +5,425% | +$22.7M |
|
103
Goldman Sachs ActiveBeta US Large Cap Equity ETF
GSLC
$15.2B
| $21.8M | 0.17% |
486,977
+73,481
| +18% | +$3.21M |
|
104
iShares MSCI Global Min Vol Factor ETF
ACWV
$3.26B
| $21.4M | 0.16% |
294,619
+2,160
| +0.7% | +$158K |
|
105
Invesco National AMT-Free Municipal Bond ETF
PZA
$4.19B
| $21.4M | 0.16% |
858,398
+466,799
| +119% | +$11.8M |
|
106
iShares MSCI United Kingdom ETF
EWU
$4.04B
| $21.3M | 0.16% |
690,381
+79,120
| +13% | +$2.41M |
|
107
Vanguard Extended Market ETF
VXF
$30.3B
| $21.2M | 0.16% |
219,426
+32,374
| +17% | +$2.99M |
|
108
iShares MSCI Germany ETF
EWG
$1.5B
| $20.8M | 0.16% |
786,573
+645,044
| +456% | +$16.6M |
|
109
iShares US Aerospace & Defense ETF
ITA
$14.2B
| $20.6M | 0.16% |
289,888
+164,540
| +131% | +$11.2M |
|
110
iShares Core S&P US Growth ETF
IUSG
$31.1B
| $20.5M | 0.16% |
472,490
+121,370
| +35% | +$5.15M |
|
|
VPU
111
Vanguard Utilities ETF
VPU
$8.83B
| $20.1M | 0.15% |
188,899
-8,567
| -4% | -$898K |
|
112
First Trust Capital Strength ETF
FTCS
$7.88B
| $19.6M | 0.15% |
478,316
+50,332
| +12% | +$2.03M |
|
113
iShares US Financials ETF
IYF
$4.39B
| $19.6M | 0.15% |
382,714
+45,118
| +13% | +$2.15M |
|
114
iShares Select U.S. REIT ETF
ICF
$2.12B
| $19.2M | 0.15% |
385,464
-74,508
| -16% | -$3.66M |
|
115
iShares MSCI Japan ETF
EWJ
$21.7B
| $19.2M | 0.15% |
388,910
-6,312
| -2% | -$315K |
|
116
Invesco S&P 500 Pure Growth ETF
RPG
$2.04B
| $19.1M | 0.15% |
1,140,005
-173,660
| -13% | -$2.89M |
|
117
Invesco S&P SmallCap Low Volatility ETF
XSLV
$249M
| $19.1M | 0.15% |
438,492
+210,669
| +92% | +$8.52M |
|
118
Apple
AAPL
$4.89T
| $18.9M | 0.14% |
651,028
-7,872
| -1% | -$223K |
|
119
Microsoft
MSFT
$2.84T
| $18.8M | 0.14% |
300,193
+20,925
| +7% | +$1.26M |
|
|
MLPI
120
DELISTED
UBS E-TRACS Alerian MLP Infrastructure ETN
MLPI
| $18.8M | 0.14% |
+653,585
| New | +$17.8M |
|
121
iShares US Energy ETF
IYE
$1.74B
| $18.7M | 0.14% |
443,265
+64,293
| +17% | +$2.56M |
|
122
United States Oil Fund
USO
$2.45B
| $18.6M | 0.14% |
202,998
+5,349
| +3% | +$472K |
|
123
Kinder Morgan
KMI
$73.1B
| $18.6M | 0.14% |
858,612
-56,012
| -6% | -$1.18M |
|
124
VanEck Gold Miners ETF
GDX
$23B
| $18.5M | 0.14% |
849,443
-290,634
| -25% | -$6.45M |
|
125
Schwab US Large-Cap Growth ETF
SCHG
$58.5B
| $18.3M | 0.14% |
2,597,816
+327,192
| +14% | +$2.26M |
|
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.