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 |
State Street SPDR S&P MIDCAP 400 ETF Trust
MDY
|
+$66.6M |
| 2 |
Vanguard Small-Cap Growth ETF
VBK
|
+$35.6M |
| 3 |
State Street Technology Select Sector SPDR ETF
XLK
|
+$28.9M |
| 4 |
iShares Core S&P Small-Cap ETF
IJR
|
+$23M |
| 5 |
VictoryShares US EQ Income Enhanced Volatility Wtd ETF
CDC
|
+$22.1M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Vanguard Total Stock Market ETF
VTI
|
+$930M |
| 2 |
iShares Russell 1000 Growth ETF
IWF
|
+$260M |
| 3 |
Vanguard Intermediate-Term Corporate Bond ETF
VCIT
|
+$156M |
| 4 |
iShares Core MSCI EAFE ETF
IEFA
|
+$129M |
| 5 |
iShares Core MSCI Emerging Markets ETF
IEMG
|
+$79.1M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Financials | 2.88% |
| 2 | Healthcare | 1.78% |
| 3 | Technology | 1.78% |
| 4 | Real Estate | 1.45% |
| 5 | Energy | 1.29% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
1351
Republic Services
RSG
$67.1B
| $815K | 0.01% |
16,334
+1,563
| +11% | +$80.1K |
|
1352
Boeing
BA
$174B
| $814K | 0.01% |
6,159
-23,273
| -79% | -$3.07M |
|
1353
Towne Bank
TOWN
$3.53B
| $810K | 0.01% |
33,583
+40
| +0.1% | +$927 |
|
1354
Service Corp International
SCI
$11.8B
| $809K | 0.01% |
30,788
-1,108
| -3% | -$30K |
|
1355
Globe Life
GL
$13.8B
| $806K | 0.01% |
12,617
+235
| +2% | +$14.8K |
|
1356
Thor Industries
THO
$4.22B
| $806K | 0.01% |
9,398
+312
| +3% | +$24.2K |
|
1357
WisdomTree Japan SmallCap Dividend Fund
DFJ
$382M
| $805K | 0.01% |
13,146
-3,052
| -19% | -$179K |
|
|
CAF
1358
Morgan Stanley China A Share Fund
CAF
$329M
| $803K | 0.01% |
43,137
+20,936
| +94% | +$390K |
|
1359
Kite Realty
KRG
$5.95B
| $803K | 0.01% |
30,058
-6,499
| -18% | -$187K |
|
1360
Nomura Holdings
NMR
$28.1B
| $803K | 0.01% |
179,248
+1,304
| +0.7% | +$5.63K |
|
|
CIM
1361
Chimera Investment
CIM
$1.06B
| $801K | 0.01% |
17,870
+1,587
| +10% | +$77.7K |
|
|
AVK
1362
Advent Convertible and Income Fund
AVK
$537M
| $798K | 0.01% |
56,308
-547
| -1% | -$7.79K |
|
|
NEV
1363
DELISTED
NUVEEN ENHANCED MUNICIPAL VALUE FUND
NEV
| $798K | 0.01% |
50,164
+26
| +0.1% | +$429 |
|
1364
ProShares Ultra Energy
DIG
$77.6M
| $795K | 0.01% |
16,934
-1,332
| -7% | -$61.1K |
|
1365
Invesco Dorsey Wright SmallCap Momentum ETF
DWAS
$424M
| $795K | 0.01% |
20,855
+1,308
| +7% | +$49K |
|
1366
Telkom Indonesia
TLK
$14.3B
| $795K | 0.01% |
+24,244
| New | +$774K |
|
1367
VanEck Merk Gold Trust
OUNZ
$2.5B
| $793K | 0.01% |
63,141
+28,885
| +84% | +$382K |
|
1368
Eli Lilly
LLY
$1.08T
| $792K | 0.01% |
9,774
+7,020
| +255% | +$562K |
|
1369
First Trust Rising Dividend Achievers ETF
RDVY
$24.7B
| $791K | 0.01% |
35,769
-1,174
| -3% | -$25.4K |
|
1370
MaxLinear
MXL
$5.39B
| $790K | 0.01% |
37,494
+4,280
| +13% | +$84.1K |
|
1371
Nuveen AMT-Free Municipal Value Fund
NUW
$251M
| $790K | 0.01% |
42,758
+95
| +0.2% | +$1.79K |
|
1372
VanEck Retail ETF
RTH
$254M
| $790K | 0.01% |
10,191
-1,129
| -10% | -$89.5K |
|
|
NBL
1373
DELISTED
Noble Energy, Inc.
NBL
| $790K | 0.01% |
22,210
-890
| -4% | -$31.3K |
|
|
BCPC
1374
Balchem Corp
BCPC
$5.4B
| $789K | 0.01% |
10,066
-5,268
| -34% | -$350K |
|
1375
Morgan Stanley
MS
$333B
| $785K | 0.01% |
+24,510
| New | +$731K |
|
Similar funds
LPL Financial's Q3 2016 Portfolio in Review
As of Q3 2016, LPL Financial held 2,855 positions worth $10.5B, down 11% from $11.8B the previous quarter. Its ten largest holdings account for 17% of the portfolio.
LPL Financial withdrew a net $1.45B in Q3 2016, closing 222 positions and reducing 1,147 holdings. Its most notable exit was Vanguard Total Stock Market ETF, an estimated $930M position sold in full.
By sector, the portfolio is most concentrated in Financials at 2.9% of assets, up from 2.3% a quarter earlier, followed by Healthcare and Technology.
Against the trend, LPL Financial opened a new position in State Street Real Estate Select Sector SPDR ETF worth $10.6M.
- LPL Financial's largest Q3 2016 buy was State Street Real Estate Select Sector SPDR ETF: 334,043 shares worth $10.6M.
- LPL Financial added most to State Street SPDR S&P MIDCAP 400 ETF Trust in Q3 2016, an estimated $66.6M increase.
- LPL Financial's biggest Q3 2016 reduction was iShares Russell 1000 Growth ETF, cutting an estimated $260M.
- LPL Financial fully exited Vanguard Total Stock Market ETF in Q3 2016, selling an estimated $930M.
- LPL Financial's ten largest holdings make up 17% of its $10.5B portfolio in Q3 2016.
- LPL Financial opened 235 new positions and closed 222 in Q3 2016.
- LPL Financial's portfolio value fell 11% quarter-over-quarter to $10.5B.
Based on LPL Financial's 13F filing for Q3 2016, filed 16 Nov 2016.