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 Core S&P Mid-Cap ETF
IJH
|
+$83.3M |
| 2 |
iShares Core US Aggregate Bond ETF
AGG
|
+$80.6M |
| 3 |
Vanguard Total Stock Market ETF
VTI
|
+$73.4M |
| 4 |
Vanguard Total Bond Market
BND
|
+$72.3M |
| 5 |
iShares Core S&P US Growth ETF
IUSG
|
+$54.2M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
State Street SPDR S&P 500 ETF Trust
SPY
|
+$47.1M |
| 2 |
State Street Consumer Discretionary Select Sector SPDR ETF
XLY
|
+$37.7M |
| 3 |
iShares Russell Mid-Cap Growth ETF
IWP
|
+$23.5M |
| 4 |
State Street SPDR S&P MIDCAP 400 ETF Trust
MDY
|
+$22.6M |
| 5 |
Vanguard S&P 500 Growth ETF
VOOG
|
+$20.5M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 2.95% |
| 2 | Financials | 2.88% |
| 3 | Healthcare | 2.49% |
| 4 | Industrials | 2.34% |
| 5 | Communication Services | 2.12% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
101
First Trust Preferred Securities and Income ETF
FPE
$6.3B
| $55.1M | 0.19% |
2,742,350
+326,883
| +14% | +$6.57M |
|
102
iShares Currency Hedged MSCI EAFE ETF
HEFA
$7.44B
| $52M | 0.18% |
1,797,614
-569,684
| -24% | -$16.1M |
|
103
Alphabet (Google) Class C
GOOG
$3.9T
| $50.7M | 0.18% |
1,058,000
+72,520
| +7% | +$3.38M |
|
104
iShares Russell 2000 Growth ETF
IWO
$14.5B
| $50.7M | 0.18% |
283,411
+5,638
| +2% | +$958K |
|
105
Coca-Cola
KO
$354B
| $50.6M | 0.18% |
1,123,636
+10,305
| +0.9% | +$469K |
|
106
Pfizer
PFE
$140B
| $50.5M | 0.18% |
1,491,961
+42,165
| +3% | +$1.36M |
|
107
Invesco Preferred ETF
PGX
$3.84B
| $50.5M | 0.18% |
3,359,247
+16,810
| +0.5% | +$254K |
|
|
108
iShares Russell Mid-Cap Growth ETF
IWP
$20B
| $49.8M | 0.18% |
880,010
-427,796
| -33% | -$23.5M |
|
109
Vanguard FTSE All-World ex-US ETF
VEU
$65.6B
| $49.7M | 0.18% |
943,607
+91,144
| +11% | +$4.72M |
|
110
iShares Biotechnology ETF
IBB
$9.31B
| $49.3M | 0.17% |
443,499
+9,318
| +2% | +$996K |
|
111
State Street Utilities Select Sector SPDR ETF
XLU
$24.1B
| $49.2M | 0.17% |
1,856,016
+69,158
| +4% | +$1.86M |
|
112
iShares Russell 2000 Value ETF
IWN
$14.4B
| $49.1M | 0.17% |
395,858
-7,224
| -2% | -$851K |
|
113
AbbVie
ABBV
$458B
| $49.1M | 0.17% |
552,268
-47,765
| -8% | -$3.64M |
|
114
iShares US Technology ETF
IYW
$23.7B
| $48.5M | 0.17% |
1,295,148
-32,116
| -2% | -$1.18M |
|
115
VictoryShares US 500 Enhanced Volatility Wtd ETF
CFO
$415M
| $48.3M | 0.17% |
1,059,814
+96,276
| +10% | +$4.29M |
|
116
Vanguard Mid-Cap Value ETF
VOE
$23.7B
| $47.9M | 0.17% |
453,277
-6,587
| -1% | -$684K |
|
117
State Street SPDR S&P Regional Banking ETF
KRE
$4.86B
| $46.1M | 0.16% |
812,206
-71,279
| -8% | -$3.83M |
|
118
iShares 1-5 Year Investment Grade Corporate Bond ETF
IGSB
$22.8B
| $45.3M | 0.16% |
859,830
+36,126
| +4% | +$1.9M |
|
119
iShares MSCI USA Momentum Factor ETF
MTUM
$25.5B
| $45M | 0.16% |
470,460
+170,048
| +57% | +$15.7M |
|
120
State Street Consumer Staples Select Sector SPDR ETF
XLP
$14.2B
| $44.7M | 0.16% |
828,274
-124,177
| -13% | -$6.82M |
|
121
WisdomTree US MidCap Dividend Fund
DON
$4.03B
| $44.6M | 0.16% |
1,337,787
+109,113
| +9% | +$3.56M |
|
122
iShares US Real Estate ETF
IYR
$4.59B
| $44.3M | 0.16% |
554,136
+229,668
| +71% | +$18.4M |
|
123
State Street SPDR Bloomberg International Treasury Bond ETF
BWX
$1.32B
| $44.2M | 0.16% |
1,575,149
-79,156
| -5% | -$2.24M |
|
124
PepsiCo
PEP
$186B
| $44.2M | 0.16% |
396,475
+18,414
| +5% | +$2.13M |
|
125
Altria Group
MO
$122B
| $43.6M | 0.15% |
688,172
-99,138
| -13% | -$6.61M |
|
Similar funds
LPL Financial's Q3 2017 Portfolio in Review
As of Q3 2017, LPL Financial held 3,008 positions worth $28.3B, up 7.3% from $26.4B the previous quarter. Its ten largest holdings account for 24% of the portfolio.
LPL Financial deployed $998M of net new capital in Q3 2017, opening 212 new positions and adding to 1,478 existing holdings. Its largest new stake was JPMorgan BetaBuilders USD High Yield Corporate Bond ETF: 42,420 shares worth $2.19M.
By sector, the portfolio is most concentrated in Technology at 3% of assets, up from 2.7% a quarter earlier, followed by Financials and Healthcare.
On the sell side, the largest reduction was State Street SPDR S&P 500 ETF Trust, an estimated $47.1M trimmed.
- LPL Financial's largest Q3 2017 buy was JPMorgan BetaBuilders USD High Yield Corporate Bond ETF: 42,420 shares worth $2.19M.
- LPL Financial added most to iShares Core S&P Mid-Cap ETF in Q3 2017, an estimated $83.3M increase.
- LPL Financial's biggest Q3 2017 reduction was State Street SPDR S&P 500 ETF Trust, cutting an estimated $47.1M.
- LPL Financial fully exited Reynolds American Inc in Q3 2017, selling an estimated $13.2M.
- LPL Financial's ten largest holdings make up 24% of its $28.3B portfolio in Q3 2017.
- LPL Financial opened 212 new positions and closed 147 in Q3 2017.
- LPL Financial's portfolio value rose 7.3% quarter-over-quarter to $28.3B.
Based on LPL Financial's 13F filing for Q3 2017, filed 14 Nov 2017.