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 |
Vanguard Total Stock Market ETF
VTI
|
+$1.11B |
| 2 |
iShares Russell 1000 Growth ETF
IWF
|
+$278M |
| 3 |
Vanguard Intermediate-Term Corporate Bond ETF
VCIT
|
+$204M |
| 4 |
iShares Core MSCI EAFE ETF
IEFA
|
+$145M |
| 5 |
Vanguard Information Technology ETF
VGT
|
+$88.6M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
State Street SPDR Bloomberg International Treasury Bond ETF
BWX
|
+$46.9M |
| 2 |
State Street Utilities Select Sector SPDR ETF
XLU
|
+$45.4M |
| 3 |
iShares 20+ Year Treasury Bond ETF
TLT
|
+$39M |
| 4 |
iShares National Muni Bond ETF
MUB
|
+$36.8M |
| 5 |
iShares US Real Estate ETF
IYR
|
+$36.7M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Financials | 2.61% |
| 2 | Technology | 1.36% |
| 3 | Healthcare | 1.34% |
| 4 | Industrials | 1.16% |
| 5 | Energy | 1.08% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
1526
MGM Resorts International
MGM
$11.8B
| $631K | ﹤0.01% |
21,388
-4,852
| -18% | -$134K |
|
1527
Nuveen AMT-Free Municipal Value Fund
NUW
$251M
| $631K | ﹤0.01% |
38,767
-3,991
| -9% | -$66.9K |
|
|
BKI
1528
DELISTED
Black Knight, Inc. Common Stock
BKI
| $631K | ﹤0.01% |
16,614
-500
| -3% | -$19.1K |
|
1529
Q2 Holdings
QTWO
$3.71B
| $629K | ﹤0.01% |
22,018
-1,168
| -5% | -$34.5K |
|
1530
Avery Dennison
AVY
$12.9B
| $628K | ﹤0.01% |
8,950
-528
| -6% | -$38.4K |
|
1531
Supernus Pharmaceuticals
SUPN
$2.77B
| $628K | ﹤0.01% |
24,213
-16,177
| -40% | -$361K |
|
1532
Pembina Pipeline
PBA
$29B
| $627K | ﹤0.01% |
20,024
+838
| +4% | +$25.3K |
|
1533
MidCap Financial Investment
MFIC
$811M
| $626K | ﹤0.01% |
35,151
-4,113
| -10% | -$73.7K |
|
1534
ConocoPhillips
COP
$139B
| $625K | ﹤0.01% |
12,351
+1,901
| +18% | +$87.7K |
|
1535
Hormel Foods
HRL
$14.1B
| $625K | ﹤0.01% |
17,704
+4,779
| +37% | +$173K |
|
1536
Papa John's
PZZA
$1.02B
| $625K | ﹤0.01% |
7,347
-89
| -1% | -$7.38K |
|
|
DNO
1537
DELISTED
United States Short Oil Fund
DNO
| $624K | ﹤0.01% |
9,825
-451
| -4% | -$30.2K |
|
|
LCM
1538
DELISTED
Advent/Claymore Enhanced Gth & F
LCM
| $623K | ﹤0.01% |
74,553
+829
| +1% | +$6.75K |
|
1539
ALPS Medical Breakthroughs ETF
SBIO
$202M
| $621K | ﹤0.01% |
26,827
-3,452
| -11% | -$82.7K |
|
1540
Wendy's
WEN
$1.46B
| $620K | ﹤0.01% |
46,169
-5,037
| -10% | -$60.8K |
|
|
QINC
1541
DELISTED
First Trust RBA Quality Income ETF
QINC
| $620K | ﹤0.01% |
26,963
+8,387
| +45% | +$187K |
|
|
DCA
1542
DELISTED
Virtus Total Return Fund
DCA
| $620K | ﹤0.01% |
138,753
+9,328
| +7% | +$41.3K |
|
1543
Cheniere Energy
CQP
$31B
| $619K | ﹤0.01% |
21,207
+454
| +2% | +$12.9K |
|
1544
OGE Energy
OGE
$10.2B
| $619K | ﹤0.01% |
18,462
+4,230
| +30% | +$134K |
|
1545
WisdomTree New Economy Real Estate Fund
WTRE
$15.5M
| $619K | ﹤0.01% |
24,422
-556
| -2% | -$14.8K |
|
|
VISN
1546
Vistance Networks Inc
VISN
$2.67B
| $616K | ﹤0.01% |
+16,789
| New | +$572K |
|
1547
BlackRock Resources & Commodities Strategy Trust
BCX
$891M
| $615K | ﹤0.01% |
73,641
+2,996
| +4% | +$24.2K |
|
1548
iShares MSCI Chile ETF
ECH
$1B
| $615K | ﹤0.01% |
+16,502
| New | +$629K |
|
1549
Kroger
KR
$36.3B
| $614K | ﹤0.01% |
18,222
-1,338
| -7% | -$43.6K |
|
1550
Skyworks Solutions
SWKS
$9.73B
| $614K | ﹤0.01% |
8,168
-17,831
| -69% | -$1.37M |
|
Similar funds
LPL Financial's Q4 2016 Portfolio in Review
As of Q4 2016, LPL Financial held 2,896 positions worth $13.1B, up 25% from $10.5B the previous quarter. Its ten largest holdings account for 25% of the portfolio.
LPL Financial deployed $2.3B of net new capital in Q4 2016, opening 264 new positions and adding to 1,138 existing holdings. Its largest new stake was Vanguard Total Stock Market ETF: 9,825,004 shares worth $1.14B.
By sector, the portfolio is most concentrated in Financials at 2.6% of assets, down from 2.9% a quarter earlier, followed by Technology and Healthcare.
On the sell side, the largest reduction was State Street SPDR Bloomberg International Treasury Bond ETF, an estimated $46.9M trimmed.
- LPL Financial's largest Q4 2016 buy was Vanguard Total Stock Market ETF: 9,825,004 shares worth $1.14B.
- LPL Financial added most to iShares Russell 1000 Growth ETF in Q4 2016, an estimated $278M increase.
- LPL Financial's biggest Q4 2016 reduction was State Street SPDR Bloomberg International Treasury Bond ETF, cutting an estimated $46.9M.
- LPL Financial fully exited Credit Suisse X- Links Cushing MLP Infrastructure ETN's due April 20, 2020 in Q4 2016, selling an estimated $9.37M.
- LPL Financial's ten largest holdings make up 25% of its $13.1B portfolio in Q4 2016.
- LPL Financial opened 264 new positions and closed 226 in Q4 2016.
- LPL Financial's portfolio value rose 25% quarter-over-quarter to $13.1B.
Based on LPL Financial's 13F filing for Q4 2016, filed 13 Feb 2017.