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 Core S&P Mid-Cap ETF
IJH
|
+$83.3M |
| 2 |
iShares Core US Aggregate Bond ETF
AGG
|
+$80.6M |
| 3 |
Vanguard Total Stock Market ETF
VTI
|
+$73.4M |
| 4 |
Vanguard Total Bond Market
BND
|
+$72.3M |
| 5 |
iShares Core S&P US Growth ETF
IUSG
|
+$54.2M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
State Street SPDR S&P 500 ETF Trust
SPY
|
+$47.1M |
| 2 |
State Street Consumer Discretionary Select Sector SPDR ETF
XLY
|
+$37.7M |
| 3 |
iShares Russell Mid-Cap Growth ETF
IWP
|
+$23.5M |
| 4 |
State Street SPDR S&P MIDCAP 400 ETF Trust
MDY
|
+$22.6M |
| 5 |
Vanguard S&P 500 Growth ETF
VOOG
|
+$20.5M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 2.95% |
| 2 | Financials | 2.88% |
| 3 | Healthcare | 2.49% |
| 4 | Industrials | 2.34% |
| 5 | Communication Services | 2.12% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
126
iShares Short Maturity Bond ETF
NEAR
$4.8B
| $43.5M | 0.15% |
865,049
+33,016
| +4% | +$1.66M |
|
127
iShares JPMorgan USD Emerging Markets Bond ETF
EMB
$14.9B
| $43.3M | 0.15% |
371,603
+28,701
| +8% | +$3.32M |
|
128
ProShares S&P 500 Dividend Aristocrats ETF
NOBL
$11.6B
| $42.8M | 0.15% |
1,438,476
-7,864
| -0.5% | -$229K |
|
129
Alerian MLP ETF
AMLP
$13B
| $42.8M | 0.15% |
762,136
+17,496
| +2% | +$1M |
|
130
Merck
MRK
$324B
| $42.1M | 0.15% |
689,299
+24,523
| +4% | +$1.49M |
|
131
iShares International Select Dividend ETF
IDV
$8.25B
| $41.8M | 0.15% |
1,237,000
+80,539
| +7% | +$2.69M |
|
132
Vanguard Total International Stock ETF
VXUS
$153B
| $41.5M | 0.15% |
758,680
+119,577
| +19% | +$6.42M |
|
133
Vanguard FTSE Europe ETF
VGK
$30B
| $41.4M | 0.15% |
710,094
+15,118
| +2% | +$858K |
|
134
State Street SPDR Bloomberg Convertible Securities ETF
CWB
$5.64B
| $41.2M | 0.15% |
807,487
+236,573
| +41% | +$12M |
|
135
PIMCO Enhanced Short Maturity Active Exchange-Traded Fund
MINT
$17B
| $40.8M | 0.14% |
400,845
+74,255
| +23% | +$7.55M |
|
136
Honeywell
HON
$77.1B
| $40.4M | 0.14% |
315,405
+29,203
| +10% | +$3.62M |
|
137
Vanguard Small-Cap Growth ETF
VBK
$23.2B
| $40.1M | 0.14% |
262,959
-7,135
| -3% | -$1.05M |
|
138
Vanguard Large-Cap ETF
VV
$51.9B
| $40M | 0.14% |
346,273
-21,904
| -6% | -$2.48M |
|
|
139
State Street Consumer Discretionary Select Sector SPDR ETF
XLY
$21.4B
| $39.2M | 0.14% |
870,692
-837,490
| -49% | -$37.7M |
|
140
FS KKR Capital
FSK
$2.98B
| $39M | 0.14% |
1,154,919
+99,495
| +9% | +$3.42M |
|
141
Invesco Senior Loan ETF
BKLN
$7.1B
| $38.7M | 0.14% |
1,670,566
+178,511
| +12% | +$4.13M |
|
142
Wells Fargo
WFC
$261B
| $38M | 0.13% |
689,259
-49,395
| -7% | -$2.63M |
|
143
iShares MSCI Japan ETF
EWJ
$21.7B
| $37.7M | 0.13% |
677,091
-298,678
| -31% | -$16.3M |
|
144
iShares National Muni Bond ETF
MUB
$45.1B
| $37.6M | 0.13% |
339,155
+20,701
| +7% | +$2.3M |
|
145
iShares S&P Small-Cap 600 Value ETF
IJS
$8.11B
| $37.3M | 0.13% |
503,070
-15,036
| -3% | -$1.05M |
|
146
First Trust Large Cap Value AlphaDEX Fund
FTA
$1.38B
| $36.4M | 0.13% |
712,036
-5,536
| -0.8% | -$279K |
|
147
iShares Gold Trust
IAU
$63B
| $36.4M | 0.13% |
1,477,786
+18,687
| +1% | +$460K |
|
148
WisdomTree US Total Dividend Fund
DTD
$1.65B
| $36.3M | 0.13% |
828,282
+42,850
| +5% | +$1.84M |
|
149
Vanguard Mortgage-Backed Securities ETF
VMBS
$15.4B
| $35.7M | 0.13% |
676,272
+154,229
| +30% | +$8.15M |
|
150
Intel
INTC
$466B
| $35.7M | 0.13% |
936,686
-35,944
| -4% | -$1.28M |
|
Similar funds
LPL Financial's Q3 2017 Portfolio in Review
As of Q3 2017, LPL Financial held 3,008 positions worth $28.3B, up 7.3% from $26.4B the previous quarter. Its ten largest holdings account for 24% of the portfolio.
LPL Financial deployed $998M of net new capital in Q3 2017, opening 212 new positions and adding to 1,478 existing holdings. Its largest new stake was JPMorgan BetaBuilders USD High Yield Corporate Bond ETF: 42,420 shares worth $2.19M.
By sector, the portfolio is most concentrated in Technology at 3% of assets, up from 2.7% a quarter earlier, followed by Financials and Healthcare.
On the sell side, the largest reduction was State Street SPDR S&P 500 ETF Trust, an estimated $47.1M trimmed.
- LPL Financial's largest Q3 2017 buy was JPMorgan BetaBuilders USD High Yield Corporate Bond ETF: 42,420 shares worth $2.19M.
- LPL Financial added most to iShares Core S&P Mid-Cap ETF in Q3 2017, an estimated $83.3M increase.
- LPL Financial's biggest Q3 2017 reduction was State Street SPDR S&P 500 ETF Trust, cutting an estimated $47.1M.
- LPL Financial fully exited Reynolds American Inc in Q3 2017, selling an estimated $13.2M.
- LPL Financial's ten largest holdings make up 24% of its $28.3B portfolio in Q3 2017.
- LPL Financial opened 212 new positions and closed 147 in Q3 2017.
- LPL Financial's portfolio value rose 7.3% quarter-over-quarter to $28.3B.
Based on LPL Financial's 13F filing for Q3 2017, filed 14 Nov 2017.