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 MBS ETF
MBB
|
+$222M |
| 2 |
iShares Core S&P Small-Cap ETF
IJR
|
+$58.9M |
| 3 |
iShares 0-1 Year Treasury Bond ETF
SHV
|
+$46.3M |
| 4 |
iShares Russell 1000 ETF
IWB
|
+$34.4M |
| 5 |
First Trust Dorsey Wright Focus 5 ETF
FV
|
+$30.5M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
State Street SPDR S&P MIDCAP 400 ETF Trust
MDY
|
+$93.5M |
| 2 |
State Street SPDR S&P 500 ETF Trust
SPY
|
+$75.7M |
| 3 |
Alphabet (Google) Class C
GOOG
|
+$47.2M |
| 4 |
iShares Gold Trust
IAU
|
+$46.7M |
| 5 |
iShare MSCI Eurozone ETF
EZU
|
+$44.2M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Healthcare | 3.15% |
| 2 | Financials | 3.12% |
| 3 | Technology | 3.04% |
| 4 | Industrials | 2.56% |
| 5 | Consumer Staples | 2.3% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
126
Invesco FTSE RAFI US 1000 ETF
PRF
$9.73B
| $30.9M | 0.17% |
1,798,130
-180,295
| -9% | -$3.17M |
|
127
Invesco Senior Loan ETF
BKLN
$7.1B
| $30.3M | 0.17% |
1,309,255
-282,619
| -18% | -$6.65M |
|
128
Vanguard Large-Cap ETF
VV
$51.9B
| $29.8M | 0.16% |
328,039
-29,331
| -8% | -$2.74M |
|
129
State Street Utilities Select Sector SPDR ETF
XLU
$24.1B
| $29.4M | 0.16% |
1,338,468
-111,516
| -8% | -$2.4M |
|
130
State Street SPDR S&P Regional Banking ETF
KRE
$4.86B
| $29M | 0.16% |
699,297
-89,995
| -11% | -$3.82M |
|
131
Bank of America
BAC
$435B
| $28.3M | 0.16% |
1,803,904
+2,564
| +0.1% | +$43.1K |
|
132
Vanguard FTSE All-World ex-US ETF
VEU
$65.6B
| $28.3M | 0.16% |
636,664
-43,947
| -6% | -$2.03M |
|
133
First Trust Dorsey Wright International Focus 5 ETF
IFV
$226M
| $28.2M | 0.16% |
1,595,732
-55,312
| -3% | -$1.02M |
|
134
Home Depot
HD
$332B
| $27.1M | 0.15% |
227,495
+24,256
| +12% | +$2.81M |
|
135
VanEck Morningstar Wide Moat ETF
MOAT
$11.5B
| $27.1M | 0.15% |
942,440
-87,231
| -8% | -$2.61M |
|
136
iShares Floating Rate Bond ETF
FLOT
$10.1B
| $27.1M | 0.15% |
536,957
-59,782
| -10% | -$3.02M |
|
137
ConocoPhillips
COP
$147B
| $26.9M | 0.15% |
508,597
+16,443
| +3% | +$837K |
|
138
Invesco S&P 500 Pure Value ETF
RPV
$1.61B
| $26.4M | 0.15% |
530,736
-79,729
| -13% | -$4.08M |
|
139
State Street SPDR Portfolio S&P 1500 Composite Stock Market ETF
SPTM
$13.5B
| $26.3M | 0.14% |
1,068,882
+216,114
| +25% | +$5.48M |
|
140
Invesco Pharmaceuticals ETF
PJP
$425M
| $26.1M | 0.14% |
378,265
-62,935
| -14% | -$4.9M |
|
141
First Trust Consumer Staples AlphaDEX Fund
FXG
$231M
| $25.9M | 0.14% |
594,559
-144,336
| -20% | -$6.38M |
|
142
3M
MMM
$89B
| $25.3M | 0.14% |
206,773
-16,257
| -7% | -$2M |
|
143
Philip Morris
PM
$301B
| $25.1M | 0.14% |
307,996
+5,193
| +2% | +$427K |
|
144
Vanguard FTSE Europe ETF
VGK
$30B
| $24.9M | 0.14% |
493,200
+5,854
| +1% | +$310K |
|
145
iShares MSCI EAFE Small-Cap ETF
SCZ
$13.5B
| $24.9M | 0.14% |
505,082
+6,139
| +1% | +$306K |
|
|
WBA
146
DELISTED
Walgreens Boots Alliance
WBA
| $24.9M | 0.14% |
282,557
-1,641
| -0.6% | -$148K |
|
147
First Trust Value Line Dividend Fund
FVD
$8.29B
| $24.8M | 0.14% |
1,061,180
-232,409
| -18% | -$5.44M |
|
148
Bristol-Myers Squibb
BMY
$127B
| $24.8M | 0.14% |
400,705
-8,774
| -2% | -$557K |
|
149
First Trust Mid Cap Core AlphaDEX Fund
FNX
$1.38B
| $24.4M | 0.13% |
488,776
-73,977
| -13% | -$3.8M |
|
150
CVS Health
CVS
$137B
| $24.2M | 0.13% |
236,922
+29,516
| +14% | +$3.1M |
|
Similar funds
LPL Financial's Q3 2015 Portfolio in Review
As of Q3 2015, LPL Financial held 3,027 positions worth $18.2B, down 7.9% from $19.7B the previous quarter. Its ten largest holdings account for 20% of the portfolio.
LPL Financial withdrew a net $644M in Q3 2015, closing 241 positions and reducing 1,426 holdings. Its most notable exit was Alphabet (Google) Class C, an estimated $47.2M position sold in full.
By sector, the portfolio is most concentrated in Healthcare at 3.1% of assets, down from 3.2% a quarter earlier, followed by Financials and Technology.
Against the trend, LPL Financial opened a new position in Kraft Heinz worth $12.4M.
- LPL Financial's largest Q3 2015 buy was Kraft Heinz: 171,423 shares worth $12.4M.
- LPL Financial added most to iShares MBS ETF in Q3 2015, an estimated $222M increase.
- LPL Financial's biggest Q3 2015 reduction was State Street SPDR S&P MIDCAP 400 ETF Trust, cutting an estimated $93.5M.
- LPL Financial fully exited Alphabet (Google) Class C in Q3 2015, selling an estimated $47.2M.
- LPL Financial's ten largest holdings make up 20% of its $18.2B portfolio in Q3 2015.
- LPL Financial opened 157 new positions and closed 241 in Q3 2015.
- LPL Financial's portfolio value fell 7.9% quarter-over-quarter to $18.2B.
Based on LPL Financial's 13F filing for Q3 2015, filed 13 Nov 2015.