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 | |
|---|---|---|---|---|---|---|
|
FL
1401
DELISTED
Foot Locker
FL
| $748K | 0.01% |
11,131
-982
| -8% | -$61.2K |
|
1402
Ross Stores
ROST
$80.4B
| $746K | 0.01% |
11,615
-1,240
| -10% | -$76.2K |
|
1403
Tyler Technologies
TYL
$13.7B
| $746K | 0.01% |
4,373
-1,472
| -25% | -$245K |
|
1404
Lowe's Companies
LOW
$122B
| $743K | 0.01% |
10,226
-17,722
| -63% | -$1.38M |
|
1405
VanEck Mortgage REIT Income ETF
MORT
$368M
| $742K | 0.01% |
35,147
+3,659
| +12% | +$80.6K |
|
1406
Royal Caribbean
RCL
$86.1B
| $740K | 0.01% |
9,844
-816
| -8% | -$57.5K |
|
|
LTXB
1407
DELISTED
LegacyTexas Financial Group Inc
LTXB
| $740K | 0.01% |
23,156
-232
| -1% | -$6.87K |
|
|
YMLI
1408
DELISTED
VanEck Vectors High Income Infrastructure MLP ETF
YMLI
| $740K | 0.01% |
49,894
+1,004
| +2% | +$14.9K |
|
1409
Xtrackers Harvest CSI 300 China A-Shares ETF
ASHR
$1.53B
| $736K | 0.01% |
30,131
+2,922
| +11% | +$72.1K |
|
1410
Berkshire Hathaway Class B
BRK.B
$1.1T
| $736K | 0.01% |
5,140
+284
| +6% | +$41.5K |
|
1411
Invesco Global Water ETF
PIO
$274M
| $734K | 0.01% |
33,339
-89
| -0.3% | -$1.96K |
|
1412
OneMain Financial
OMF
$7.19B
| $733K | 0.01% |
23,576
-100
| -0.4% | -$2.88K |
|
1413
Novartis
NVS
$304B
| $732K | 0.01% |
10,363
+321
| +3% | +$23.4K |
|
|
IDE
1414
Voya Infrastructure, Industrials and Materials Fund
IDE
$199M
| $731K | 0.01% |
58,364
+3,688
| +7% | +$46.8K |
|
1415
Newmont
NEM
$97.2B
| $731K | 0.01% |
21,334
-1,866
| -8% | -$77.4K |
|
1416
SITE Centers
SITC
$235M
| $727K | 0.01% |
33,435
-654
| -2% | -$15.8K |
|
1417
abrdn Physical Silver Shares ETF
SIVR
$3.98B
| $727K | 0.01% |
41,599
+1,064
| +3% | +$20.4K |
|
1418
Invesco KBW Bank ETF
KBWB
$6.9B
| $726K | 0.01% |
19,748
-13,703
| -41% | -$489K |
|
1419
Precigen
PGEN
$1.93B
| $722K | 0.01% |
+25,322
| New | +$670K |
|
1420
Manhattan Associates
MANH
$10B
| $721K | 0.01% |
12,824
-2,787
| -18% | -$168K |
|
1421
Pacer Trendpilot European Index ETF
PTEU
$36.1M
| $721K | 0.01% |
30,369
+5,925
| +24% | +$137K |
|
|
JPMV
1422
DELISTED
iShares Edge MSCI Min Vol Japan ETF
JPMV
| $721K | 0.01% |
11,870
+766
| +7% | +$46K |
|
|
LTC
1423
LTC Properties
LTC
$2.15B
| $720K | 0.01% |
14,293
-6
| -0% | -$314 |
|
|
THS
1424
DELISTED
Treehouse Foods
THS
| $720K | 0.01% |
8,213
-4,039
| -33% | -$388K |
|
1425
SK Telecom
SKM
$11.9B
| $719K | 0.01% |
19,449
-988
| -5% | -$35.8K |
|
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.