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 | |
|---|---|---|---|---|---|---|
1301
Pediatrix Medical
MD
$2.15B
| $880K | 0.01% |
13,145
-197
| -1% | -$12.8K |
|
1302
First Trust Rising Dividend Achievers ETF
RDVY
$24.6B
| $880K | 0.01% |
35,370
-399
| -1% | -$9.42K |
|
1303
C.H. Robinson
CHRW
$20.6B
| $878K | 0.01% |
12,058
-1,626
| -12% | -$118K |
|
1304
First Solar
FSLR
$22.1B
| $878K | 0.01% |
26,164
+389
| +2% | +$13.7K |
|
|
PRA
1305
DELISTED
ProAssurance
PRA
| $877K | 0.01% |
15,664
-1,136
| -7% | -$62.9K |
|
1306
VanEck Short Muni ETF
SMB
$312M
| $877K | 0.01% |
50,594
-10,577
| -17% | -$184K |
|
|
PMM
1307
Franklin Managed Municipal Income Trust
PMM
$273M
| $873K | 0.01% |
121,147
+5,507
| +5% | +$40.4K |
|
|
CAVM
1308
DELISTED
Cavium, Inc.
CAVM
| $872K | 0.01% |
13,822
-2,080
| -13% | -$120K |
|
1309
Brown-Forman Class B
BF.B
$12.6B
| $871K | 0.01% |
30,175
+456
| +2% | +$13.3K |
|
1310
Invesco Municipal Income Opportunities Trust
OIA
$293M
| $871K | 0.01% |
121,109
-10,088
| -8% | -$76K |
|
|
WCN
1311
Waste Connections
WCN
$42.7B
| $870K | 0.01% |
16,559
-423
| -2% | -$21.4K |
|
1312
CVB Financial
CVBF
$3.97B
| $869K | 0.01% |
37,738
| – | – |
|
1313
Advanced Energy
AEIS
$11.7B
| $868K | 0.01% |
15,837
-1,836
| -10% | -$94.1K |
|
1314
Core Laboratories
CLB
$518M
| $867K | 0.01% |
7,146
+2,092
| +41% | +$232K |
|
1315
VanEck Pharmaceutical ETF
PPH
$967M
| $862K | 0.01% |
16,150
-55
| -0.3% | -$2.94K |
|
|
XYZ
1316
Block Inc
XYZ
$48.4B
| $862K | 0.01% |
+62,420
| New | +$777K |
|
1317
Equifax
EFX
$20.8B
| $860K | 0.01% |
7,255
-10,467
| -59% | -$1.28M |
|
|
HA
1318
DELISTED
Hawaiian Holdings, Inc.
HA
| $860K | 0.01% |
15,319
+10,012
| +189% | +$511K |
|
|
NRE
1319
DELISTED
NorthStar Realty Europe Corp.
NRE
| $860K | 0.01% |
67,825
-11,950
| -15% | -$131K |
|
1320
Sonoco
SON
$5.8B
| $857K | 0.01% |
16,073
-5,028
| -24% | -$262K |
|
|
MBLY
1321
DELISTED
Mobileye N.V.
MBLY
| $857K | 0.01% |
20,820
-4,618
| -18% | -$174K |
|
1322
First Trust Dow Jones Select MicroCap Index Fund
FDM
$262M
| $854K | 0.01% |
+19,274
| New | +$761K |
|
|
ACV
1323
Virtus Diversified Income & Convertible Fund
ACV
$278M
| $852K | 0.01% |
45,234
+18,344
| +68% | +$335K |
|
|
MCN
1324
Madison Covered Call & Equity Strategy Fund
MCN
$118M
| $852K | 0.01% |
110,542
-4,600
| -4% | -$35.8K |
|
1325
Baidu
BIDU
$35.8B
| $851K | 0.01% |
5,056
-76
| -1% | -$12.9K |
|
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.