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 Value ETF
VTV
|
+$117M |
| 2 |
Vanguard Total Stock Market ETF
VTI
|
+$108M |
| 3 |
Vanguard FTSE Developed Markets ETF
VEA
|
+$102M |
| 4 |
iShares Core S&P Mid-Cap ETF
IJH
|
+$101M |
| 5 |
iShares Core S&P Small-Cap ETF
IJR
|
+$97.9M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
State Street Health Care Select Sector SPDR ETF
XLV
|
+$41.1M |
| 2 |
iShares Russell 1000 ETF
IWB
|
+$32.7M |
| 3 |
iShares 20+ Year Treasury Bond ETF
TLT
|
+$23.3M |
| 4 |
iShare MSCI Eurozone ETF
EZU
|
+$21.6M |
| 5 |
iShares US Real Estate ETF
IYR
|
+$18.9M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 2.98% |
| 2 | Financials | 2.85% |
| 3 | Industrials | 2.38% |
| 4 | Healthcare | 2.3% |
| 5 | Communication Services | 2.04% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
101
iShares JPMorgan USD Emerging Markets Bond ETF
EMB
$14.9B
| $61.3M | 0.19% |
527,739
+156,136
| +42% | +$18.1M |
|
102
Vanguard Mid-Cap Growth ETF
VOT
$19B
| $61M | 0.19% |
477,486
-3,240
| -0.7% | -$406K |
|
103
iShares Russell 3000 ETF
IWV
$19.5B
| $60.6M | 0.18% |
383,144
+2,147
| +0.6% | +$331K |
|
104
First Trust Preferred Securities and Income ETF
FPE
$6.3B
| $59.8M | 0.18% |
2,988,701
+246,351
| +9% | +$4.95M |
|
105
Vanguard S&P 500 Value ETF
VOOV
$6.58B
| $59.4M | 0.18% |
539,775
-32,824
| -6% | -$3.5M |
|
106
Coca-Cola
KO
$354B
| $59.3M | 0.18% |
1,293,024
+169,388
| +15% | +$7.79M |
|
107
iShares MSCI Japan ETF
EWJ
$21.7B
| $59.3M | 0.18% |
989,031
+311,940
| +46% | +$18.3M |
|
108
Alphabet (Google) Class C
GOOG
$3.9T
| $58.9M | 0.18% |
1,125,760
+67,760
| +6% | +$3.45M |
|
109
Vanguard Mortgage-Backed Securities ETF
VMBS
$15.4B
| $58.6M | 0.18% |
1,118,271
+441,999
| +65% | +$23.3M |
|
110
AbbVie
ABBV
$458B
| $58.4M | 0.18% |
604,066
+51,798
| +9% | +$4.88M |
|
111
Pfizer
PFE
$140B
| $57.3M | 0.17% |
1,667,609
+175,648
| +12% | +$5.99M |
|
112
Vanguard Mid-Cap Value ETF
VOE
$23.7B
| $56.9M | 0.17% |
510,364
+57,087
| +13% | +$6.18M |
|
113
Invesco Preferred ETF
PGX
$3.84B
| $56.7M | 0.17% |
3,813,436
+454,189
| +14% | +$6.8M |
|
114
iShares Russell 2000 Growth ETF
IWO
$14.5B
| $55M | 0.17% |
294,802
+11,391
| +4% | +$2.08M |
|
115
iShares Russell Mid-Cap Growth ETF
IWP
$20B
| $53.9M | 0.16% |
893,122
+13,112
| +1% | +$771K |
|
116
iShares Core Dividend Growth ETF
DGRO
$42.6B
| $53.2M | 0.16% |
1,528,599
+508,396
| +50% | +$17.2M |
|
117
WisdomTree US MidCap Dividend Fund
DON
$4.03B
| $52.3M | 0.16% |
1,482,251
+144,464
| +11% | +$4.94M |
|
118
Vanguard Total International Stock ETF
VXUS
$153B
| $51.9M | 0.16% |
914,441
+155,761
| +21% | +$8.71M |
|
119
iShares Russell 2000 Value ETF
IWN
$14.4B
| $51.7M | 0.16% |
411,527
+15,669
| +4% | +$1.96M |
|
120
iShares US Technology ETF
IYW
$23.7B
| $51.6M | 0.16% |
1,268,312
-26,836
| -2% | -$1.08M |
|
121
ProShares S&P 500 Dividend Aristocrats ETF
NOBL
$11.6B
| $51.5M | 0.16% |
1,608,314
+169,838
| +12% | +$5.24M |
|
122
iShares Short Maturity Bond ETF
NEAR
$4.8B
| $51.3M | 0.16% |
1,023,604
+158,555
| +18% | +$7.96M |
|
123
iShares S&P Mid-Cap 400 Growth ETF
IJK
$10.8B
| $51.3M | 0.16% |
950,724
-146,804
| -13% | -$7.74M |
|
124
PepsiCo
PEP
$186B
| $51.2M | 0.16% |
427,077
+30,602
| +8% | +$3.49M |
|
125
Vanguard FTSE All-World ex-US ETF
VEU
$65.6B
| $51.1M | 0.16% |
934,277
-9,330
| -1% | -$502K |
|
Similar funds
LPL Financial's Q4 2017 Portfolio in Review
As of Q4 2017, LPL Financial held 3,144 positions worth $32.9B, up 16% from $28.3B the previous quarter. Its ten largest holdings account for 24% of the portfolio.
LPL Financial deployed $3.28B of net new capital in Q4 2017, opening 280 new positions and adding to 1,728 existing holdings. Its largest new stake was Corporate Capital Trust, Inc.: 1,839,393 shares worth $29.4M.
By sector, the portfolio is most concentrated in Technology at 3% of assets, up from 3% a quarter earlier, followed by Financials and Industrials.
On the sell side, the largest reduction was State Street Health Care Select Sector SPDR ETF, an estimated $41.1M trimmed.
- LPL Financial's largest Q4 2017 buy was Corporate Capital Trust, Inc.: 1,839,393 shares worth $29.4M.
- LPL Financial added most to Vanguard Value ETF in Q4 2017, an estimated $117M increase.
- LPL Financial's biggest Q4 2017 reduction was State Street Health Care Select Sector SPDR ETF, cutting an estimated $41.1M.
- LPL Financial fully exited iShares iBonds Dec 2017 Term Corporate ETF in Q4 2017, selling an estimated $4.66M.
- LPL Financial's ten largest holdings make up 24% of its $32.9B portfolio in Q4 2017.
- LPL Financial opened 280 new positions and closed 123 in Q4 2017.
- LPL Financial's portfolio value rose 16% quarter-over-quarter to $32.9B.
Based on LPL Financial's 13F filing for Q4 2017, filed 14 Feb 2018.