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 Bond Market
BND
|
+$746M |
| 2 |
iShares Core S&P 500 ETF
IVV
|
+$672M |
| 3 |
iShares Core S&P Mid-Cap ETF
IJH
|
+$629M |
| 4 |
Invesco QQQ Trust
QQQ
|
+$493M |
| 5 |
iShares Core US Aggregate Bond ETF
AGG
|
+$411M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
State Street SPDR S&P MIDCAP 400 ETF Trust
MDY
|
+$86.2M |
| 2 |
iShares S&P Mid-Cap 400 Value ETF
IJJ
|
+$30.8M |
| 3 |
iShares Core S&P Small-Cap ETF
IJR
|
+$29.7M |
| 4 |
iShares S&P 500 Value ETF
IVE
|
+$26M |
| 5 |
iShares Currency Hedged MSCI Japan ETF
HEWJ
|
+$23.2M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Financials | 2.78% |
| 2 | Technology | 2.72% |
| 3 | Healthcare | 2.43% |
| 4 | Industrials | 2.36% |
| 5 | Communication Services | 2.05% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
1601
Hexcel
HXL
$8.28B
| $723K | ﹤0.01% |
13,690
+6,964
| +104% | +$360K |
|
1602
Tanger
SKT
$4.8B
| $722K | ﹤0.01% |
+27,800
| New | +$790K |
|
1603
BlackRock Taxable Municipal Bond Trust
BBN
$973M
| $720K | ﹤0.01% |
31,439
-186,840
| -86% | -$4.26M |
|
1604
WPP
WPP
$4.22B
| $720K | ﹤0.01% |
6,830
+3,762
| +123% | +$409K |
|
|
TXNM
1605
TXNM Energy Inc
TXNM
$6.44B
| $720K | ﹤0.01% |
18,832
+81
| +0.4% | +$3.08K |
|
1606
Invesco Active US Real Estate Fund
PSR
$60.3M
| $718K | ﹤0.01% |
9,097
+233
| +3% | +$18.2K |
|
|
AGC
1607
DELISTED
Advent Claymore Conv Sec & Incme
AGC
| $718K | ﹤0.01% |
115,311
-40,284
| -26% | -$251K |
|
|
FCT
1608
First Trust Senior Floating Rate Income Fund II
FCT
$251M
| $712K | ﹤0.01% |
53,518
-48,729
| -48% | -$661K |
|
1609
Manulife Financial
MFC
$73.2B
| $712K | ﹤0.01% |
37,973
+293
| +0.8% | +$5.17K |
|
1610
iShares US Oil Equipment & Services ETF
IEZ
$362M
| $711K | ﹤0.01% |
21,068
-2,971
| -12% | -$111K |
|
1611
Toll Brothers
TOL
$14.1B
| $711K | ﹤0.01% |
+18,000
| New | +$672K |
|
1612
SEI Investments
SEIC
$12.2B
| $709K | ﹤0.01% |
13,187
-15,796
| -55% | -$814K |
|
1613
Gabelli Dividend & Income Trust
GDV
$2.6B
| $708K | ﹤0.01% |
32,426
-116,759
| -78% | -$2.51M |
|
|
P
1614
Everpure Inc
P
$24.7B
| $708K | ﹤0.01% |
55,279
+41,939
| +314% | +$488K |
|
1615
Telkom Indonesia
TLK
$14.3B
| $708K | ﹤0.01% |
21,035
-12,543
| -37% | -$409K |
|
1616
Warner Bros
WBD
$63.4B
| $708K | ﹤0.01% |
27,391
+8,335
| +44% | +$226K |
|
|
EOT
1617
Eaton Vance National Municipal Opportunities Trust
EOT
$267M
| $707K | ﹤0.01% |
32,314
-22,679
| -41% | -$497K |
|
1618
Weibo
WB
$1.92B
| $707K | ﹤0.01% |
10,636
+3,421
| +47% | +$222K |
|
1619
Apple Hospitality REIT
APLE
$3.98B
| $706K | ﹤0.01% |
37,725
+1,178
| +3% | +$22.4K |
|
1620
State Street SPDR FTSE International Government Inflation-Protected Bond ETF
WIP
$467M
| $705K | ﹤0.01% |
12,693
-6,616
| -34% | -$367K |
|
|
PRTK
1621
DELISTED
Paratek Pharmaceuticals, Inc.
PRTK
| $705K | ﹤0.01% |
29,250
-500
| -2% | -$11.1K |
|
1622
Maximus
MMS
$3.2B
| $704K | ﹤0.01% |
11,236
-586
| -5% | -$36.4K |
|
1623
SBA Communications
SBAC
$18.3B
| $704K | ﹤0.01% |
5,167
+2,899
| +128% | +$377K |
|
1624
Lennar Class A
LEN
$20.5B
| $703K | ﹤0.01% |
+13,844
| New | +$681K |
|
1625
Associated Banc-Corp
ASB
$5.78B
| $701K | ﹤0.01% |
27,799
+10,969
| +65% | +$270K |
|
Similar funds
LPL Financial's Q2 2017 Portfolio in Review
As of Q2 2017, LPL Financial held 3,108 positions worth $26.4B, up 80% from $14.7B the previous quarter. Its ten largest holdings account for 24% of the portfolio.
LPL Financial deployed $11.3B of net new capital in Q2 2017, opening 409 new positions and adding to 1,228 existing holdings. Its largest new stake was State Street SPDR S&P Dividend ETF: 1,023,486 shares worth $91M.
By sector, the portfolio is most concentrated in Financials at 2.8% of assets, up from 2.4% a quarter earlier, followed by Technology and Healthcare.
On the sell side, the largest reduction was State Street SPDR S&P MIDCAP 400 ETF Trust, an estimated $86.2M trimmed.
- LPL Financial's largest Q2 2017 buy was State Street SPDR S&P Dividend ETF: 1,023,486 shares worth $91M.
- LPL Financial added most to Vanguard Total Bond Market in Q2 2017, an estimated $746M increase.
- LPL Financial's biggest Q2 2017 reduction was State Street SPDR S&P MIDCAP 400 ETF Trust, cutting an estimated $86.2M.
- LPL Financial fully exited Energy Transfer Partners L.p. in Q2 2017, selling an estimated $5.54M.
- LPL Financial's ten largest holdings make up 24% of its $26.4B portfolio in Q2 2017.
- LPL Financial opened 409 new positions and closed 314 in Q2 2017.
- LPL Financial's portfolio value rose 80% quarter-over-quarter to $26.4B.
Based on LPL Financial's 13F filing for Q2 2017, filed 14 Aug 2017.