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 US Growth ETF
IUSG
|
+$195M |
| 2 |
iShares Core S&P US Value ETF
IUSV
|
+$162M |
| 3 |
State Street SPDR S&P 500 ETF Trust
SPY
|
+$131M |
| 4 |
Global X MLP & Energy Infrastructure ETF
MLPX
|
+$62.6M |
| 5 |
Vanguard Intermediate-Term Corporate Bond ETF
VCIT
|
+$61.8M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
State Street SPDR S&P Dividend ETF
SDY
|
+$82.3M |
| 2 |
State Street SPDR Dow Jones Global Real Estate ETF
RWO
|
+$39M |
| 3 |
iShares S&P Small-Cap 600 Value ETF
IJS
|
+$35.5M |
| 4 |
State Street SPDR S&P MIDCAP 400 ETF Trust
MDY
|
+$35.1M |
| 5 |
iShares Russell 1000 ETF
IWB
|
+$29.5M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Financials | 2.4% |
| 2 | Technology | 1.31% |
| 3 | Healthcare | 1.28% |
| 4 | Consumer Discretionary | 1.07% |
| 5 | Industrials | 1.01% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
1501
Invesco S&P 500 GARP ETF
SPGP
$2.26B
| $717K | ﹤0.01% |
19,228
-900
| -4% | -$32.3K |
|
|
TRCO
1502
DELISTED
TRIBUNE MEDIA COMPANY CLASS A
TRCO
| $717K | ﹤0.01% |
19,200
+5,285
| +38% | +$179K |
|
1503
Invesco DB Commodity Index Tracking Fund
DBC
$1.65B
| $716K | ﹤0.01% |
47,273
-24,646
| -34% | -$383K |
|
1504
First Trust Natural Gas ETF
FCG
$609M
| $716K | ﹤0.01% |
29,399
-25,265
| -46% | -$637K |
|
1505
Cambria Shareholder Yield ETF
SYLD
$1.01B
| $715K | ﹤0.01% |
21,236
-9,328
| -31% | -$314K |
|
1506
UGI
UGI
$7.92B
| $714K | ﹤0.01% |
14,340
-188
| -1% | -$8.94K |
|
|
KED
1507
DELISTED
Kayne Anderson Energy
KED
| $713K | ﹤0.01% |
37,006
-9,251
| -20% | -$181K |
|
|
WES
1508
DELISTED
Western Gas Partners Lp
WES
| $713K | ﹤0.01% |
11,779
+906
| +8% | +$56K |
|
|
NNC
1509
DELISTED
Nuveen North Carolina Quality Municipal Income Fund
NNC
| $711K | ﹤0.01% |
54,684
+3,121
| +6% | +$40.4K |
|
1510
iShares New York Muni Bond ETF
NYF
$1.38B
| $710K | ﹤0.01% |
12,902
+568
| +5% | +$31.2K |
|
|
PZC
1511
DELISTED
PIMCO California Municipal Income Fund III
PZC
| $710K | ﹤0.01% |
60,187
-3,007
| -5% | -$35.3K |
|
1512
Edgewell Personal Care
EPC
$1.3B
| $708K | ﹤0.01% |
9,736
-242
| -2% | -$18.4K |
|
1513
Nuveen AMT-Free Municipal Value Fund
NUW
$251M
| $706K | ﹤0.01% |
41,755
+2,988
| +8% | +$49.5K |
|
1514
MPLX
MPLX
$60.1B
| $705K | ﹤0.01% |
19,339
+3,224
| +20% | +$119K |
|
1515
NetApp
NTAP
$34.2B
| $705K | ﹤0.01% |
+16,930
| New | +$667K |
|
1516
abrdn Physical Gold Shares ETF
SGOL
$6.87B
| $705K | ﹤0.01% |
57,980
-50,840
| -47% | -$603K |
|
1517
Core Laboratories
CLB
$493M
| $704K | ﹤0.01% |
6,107
-1,039
| -15% | -$121K |
|
1518
Prudential Financial
PRU
$43B
| $704K | ﹤0.01% |
6,616
+492
| +8% | +$53.1K |
|
|
KIO
1519
KKR Income Opportunities Fund
KIO
$452M
| $702K | ﹤0.01% |
41,296
+5,200
| +14% | +$86.6K |
|
1520
Genpact
G
$5.87B
| $700K | ﹤0.01% |
28,897
+1,610
| +6% | +$39.2K |
|
|
MTGE
1521
DELISTED
MTGE Investment Corp. Common Stock
MTGE
| $699K | ﹤0.01% |
+41,848
| New | +$684K |
|
1522
Manhattan Associates
MANH
$9.95B
| $697K | ﹤0.01% |
13,647
+1,788
| +15% | +$90.1K |
|
|
TXNM
1523
TXNM Energy Inc
TXNM
$6.43B
| $696K | ﹤0.01% |
18,751
+2,534
| +16% | +$89.6K |
|
1524
Apple Hospitality REIT
APLE
$3.97B
| $695K | ﹤0.01% |
36,547
+429
| +1% | +$8.46K |
|
1525
iShares CMBS ETF
CMBS
$474M
| $692K | ﹤0.01% |
13,508
+1,768
| +15% | +$90.4K |
|
Similar funds
LPL Financial's Q1 2017 Portfolio in Review
As of Q1 2017, LPL Financial held 2,916 positions worth $14.7B, up 12% from $13.1B the previous quarter. Its ten largest holdings account for 25% of the portfolio.
LPL Financial deployed $1.09B of net new capital in Q1 2017, opening 235 new positions and adding to 1,364 existing holdings. Its largest new stake was iShares Gold Trust: 517,438 shares worth $12.5M.
By sector, the portfolio is most concentrated in Financials at 2.4% of assets, down from 2.6% a quarter earlier, followed by Technology and Healthcare.
On the sell side, the largest reduction was State Street SPDR Dow Jones Global Real Estate ETF, an estimated $39M trimmed.
- LPL Financial's largest Q1 2017 buy was iShares Gold Trust: 517,438 shares worth $12.5M.
- LPL Financial added most to iShares Core S&P US Growth ETF in Q1 2017, an estimated $195M increase.
- LPL Financial's biggest Q1 2017 reduction was State Street SPDR Dow Jones Global Real Estate ETF, cutting an estimated $39M.
- LPL Financial fully exited State Street SPDR S&P Dividend ETF in Q1 2017, selling an estimated $82.3M.
- LPL Financial's ten largest holdings make up 25% of its $14.7B portfolio in Q1 2017.
- LPL Financial opened 235 new positions and closed 216 in Q1 2017.
- LPL Financial's portfolio value rose 12% quarter-over-quarter to $14.7B.
Based on LPL Financial's 13F filing for Q1 2017, filed 15 May 2017.