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 | |
|---|---|---|---|---|---|---|
|
AVTA
1576
DELISTED
Avantax, Inc. Common Stock
AVTA
| $573K | 0.01% |
50,402
-3,186
| -6% | -$35.4K |
|
1577
Papa John's
PZZA
$1.02B
| $572K | 0.01% |
+7,436
| New | +$555K |
|
1578
Coca-Cola Consolidated
COKE
$13B
| $570K | 0.01% |
39,690
| – | – |
|
1579
Janus Henderson Small/Mid Cap Growth Alpha ETF
JSMD
$1.05B
| $568K | 0.01% |
19,300
+1,221
| +7% | +$35.8K |
|
1580
Semtech
SMTC
$10.4B
| $568K | 0.01% |
20,662
-452
| -2% | -$11.6K |
|
1581
Virtus Biotech ETF
BBP
$97.7M
| $567K | 0.01% |
17,149
-2,409
| -12% | -$74.4K |
|
1582
Kroger
KR
$36.3B
| $567K | 0.01% |
19,560
-1,122
| -5% | -$37.3K |
|
1583
Best Buy
BBY
$18.9B
| $566K | 0.01% |
14,892
+371
| +3% | +$13K |
|
|
MHN
1584
DELISTED
BlackRock MuniHoldings New Yrok Quality Fund
MHN
| $566K | 0.01% |
38,569
+15,818
| +70% | +$239K |
|
1585
PhenixFIN
PFX
$83M
| $565K | 0.01% |
3,709
+334
| +10% | +$49.5K |
|
|
MNR
1586
DELISTED
Monmouth Real Estate Investment Corp
MNR
| $565K | 0.01% |
41,419
+478
| +1% | +$6.64K |
|
1587
Core Laboratories
CLB
$493M
| $564K | 0.01% |
5,054
-8
| -0.2% | -$921 |
|
|
IGI
1588
Western Asset Investment Grade Defined Opportunity Trust
IGI
$94.1M
| $564K | 0.01% |
24,666
+4,261
| +21% | +$94.8K |
|
1589
Nexstar Media Group
NXST
$5.92B
| $564K | 0.01% |
9,704
-660
| -6% | -$34.8K |
|
1590
iShares CMBS ETF
CMBS
$474M
| $563K | 0.01% |
10,679
+2,499
| +31% | +$133K |
|
1591
Boston Beer
SAM
$1.93B
| $563K | 0.01% |
3,671
-273
| -7% | -$47.6K |
|
|
COHR
1592
DELISTED
Coherent Inc
COHR
| $563K | 0.01% |
5,166
+2,552
| +98% | +$264K |
|
|
AGU
1593
DELISTED
Agrium
AGU
| $563K | 0.01% |
6,339
+400
| +7% | +$36.8K |
|
|
NVX
1594
DELISTED
Nuveen Calif Div Muni
NVX
| $561K | 0.01% |
34,554
+6,342
| +22% | +$104K |
|
1595
Hercules Capital
HTGC
$3.04B
| $560K | 0.01% |
41,403
+16,725
| +68% | +$223K |
|
|
BBBY
1596
DELISTED
Bed Bath & Beyond Inc
BBBY
| $560K | 0.01% |
12,736
-5,964
| -32% | -$265K |
|
|
HNW
1597
DELISTED
Pioneer Diversified High Income Fund
HNW
| $559K | 0.01% |
34,360
-3,891
| -10% | -$63.2K |
|
|
BID
1598
DELISTED
Sotheby's
BID
| $559K | 0.01% |
+15,106
| New | +$534K |
|
|
DCT
1599
DELISTED
DCT Industrial Trust Inc.
DCT
| $559K | 0.01% |
11,778
-2,364
| -17% | -$115K |
|
1600
ResMed
RMD
$30.3B
| $558K | 0.01% |
8,671
-196
| -2% | -$13K |
|
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.