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 500 ETF Trust
SPY
|
+$266M |
| 2 |
iShare MSCI Eurozone ETF
EZU
|
+$69.4M |
| 3 |
iShares Russell 1000 ETF
IWB
|
+$62M |
| 4 |
Vanguard Total Stock Market ETF
VTI
|
+$49.8M |
| 5 |
Invesco QQQ Trust
QQQ
|
+$44.5M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
State Street SPDR S&P MIDCAP 400 ETF Trust
MDY
|
+$223M |
| 2 |
iShares Europe ETF
IEV
|
+$80M |
| 3 |
iShares Core US Aggregate Bond ETF
AGG
|
+$52.5M |
| 4 |
Invesco BuyBack Achievers ETF
PKW
|
+$49.2M |
| 5 |
iShares MSCI Emerging Markets ETF
EEM
|
+$43.9M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 3.13% |
| 2 | Financials | 3.12% |
| 3 | Energy | 2.94% |
| 4 | Healthcare | 2.93% |
| 5 | Industrials | 2.66% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
151
Vanguard FTSE All-World ex-US ETF
VEU
$65.6B
| $23.5M | 0.14% |
482,738
+3,093
| +0.6% | +$160K |
|
152
Invesco S&P MidCap 400 Pure Growth ETF
RFG
$343M
| $23.4M | 0.14% |
977,565
-21,690
| -2% | -$538K |
|
153
Meta Platforms (Facebook)
META
$1.51T
| $23.3M | 0.14% |
304,961
+33,636
| +12% | +$2.47M |
|
154
iShares Gold Trust
IAU
$63B
| $22.8M | 0.14% |
969,625
-65,153
| -6% | -$1.62M |
|
155
iShares US Consumer Staples ETF
IYK
$1.39B
| $22.7M | 0.14% |
695,505
+563,058
| +425% | +$18.7M |
|
156
Qualcomm
QCOM
$176B
| $22.5M | 0.13% |
303,936
-11,898
| -4% | -$910K |
|
157
iShares US Real Estate ETF
IYR
$4.59B
| $22.1M | 0.13% |
319,237
-42,601
| -12% | -$3.09M |
|
158
WisdomTree Japan SmallCap Dividend Fund
DFJ
$385M
| $22M | 0.13% |
432,761
-37,328
| -8% | -$1.98M |
|
159
Visa
V
$677B
| $21.9M | 0.13% |
417,924
+19,292
| +5% | +$1.04M |
|
160
Vanguard Total World Stock ETF
VT
$76.3B
| $21.7M | 0.13% |
364,529
+19,023
| +6% | +$1.18M |
|
161
Invesco Emerging Markets Sovereign Debt ETF
PCY
$1.38B
| $21.5M | 0.13% |
752,168
-137,963
| -15% | -$4.01M |
|
162
Invesco Pharmaceuticals ETF
PJP
$425M
| $21M | 0.13% |
334,150
-12,468
| -4% | -$770K |
|
163
ProShares Short S&P500
SH
$887M
| $20.6M | 0.12% |
110,540
-29,271
| -21% | -$5.4M |
|
164
First Trust NYSE Arca Biotechnology Index Fund
FBT
$2.8B
| $20.6M | 0.12% |
227,470
+12,814
| +6% | +$1.11M |
|
165
3M
MMM
$89B
| $20.4M | 0.12% |
175,440
-10,691
| -6% | -$1.29M |
|
166
McDonald's
MCD
$188B
| $20.4M | 0.12% |
216,058
-31,444
| -13% | -$3M |
|
167
Invesco FTSE RAFI US 1500 Small-Mid ETF
PRFZ
$2.75B
| $20.3M | 0.12% |
1,093,700
+20,235
| +2% | +$398K |
|
|
KMP
168
DELISTED
KINDER MORGAN ENER PNTRS L.P.
KMP
| $20M | 0.12% |
214,426
-112,997
| -35% | -$10.1M |
|
169
Enterprise Products Partners
EPD
$83.8B
| $19.7M | 0.12% |
498,061
-4,489
| -0.9% | -$176K |
|
170
Vanguard Health Care ETF
VHT
$18.2B
| $19.7M | 0.12% |
170,340
+7,615
| +5% | +$873K |
|
171
iShares 7-10 Year Treasury Bond ETF
IEF
$47.1B
| $19.4M | 0.12% |
185,914
+61,492
| +49% | +$6.38M |
|
172
Southern Company
SO
$110B
| $19.3M | 0.12% |
438,787
+20,088
| +5% | +$882K |
|
173
First Trust Dorsey Wright Focus 5 ETF
FV
$3.61B
| $19.3M | 0.12% |
959,959
+419,444
| +78% | +$8.45M |
|
174
iShares US Energy ETF
IYE
$1.74B
| $19.2M | 0.11% |
379,648
-352,326
| -48% | -$19.4M |
|
175
Vanguard FTSE Europe ETF
VGK
$30B
| $19.2M | 0.11% |
350,715
-41,642
| -11% | -$2.41M |
|
Similar funds
LPL Financial's Q3 2014 Portfolio in Review
As of Q3 2014, LPL Financial held 2,870 positions worth $16.8B, down 2.3% from $17.2B the previous quarter. Its ten largest holdings account for 20% of the portfolio.
LPL Financial's Q3 2014 filing shows 194 new, 1,224 increased, 1,195 reduced and 174 closed positions. Its largest new stake was WisdomTree Trust WisdomTree Interest Rate Hedged US Aggregate Bond Fund: 685,236 shares worth $17M. The largest sale was State Street SPDR S&P MIDCAP 400 ETF Trust, an estimated $223M.
By sector, the portfolio is most concentrated in Technology at 3.1% of assets, up from 3.1% a quarter earlier, followed by Financials and Energy.
- LPL Financial's largest Q3 2014 buy was WisdomTree Trust WisdomTree Interest Rate Hedged US Aggregate Bond Fund: 685,236 shares worth $17M.
- LPL Financial added most to State Street SPDR S&P 500 ETF Trust in Q3 2014, an estimated $266M increase.
- LPL Financial's biggest Q3 2014 reduction was State Street SPDR S&P MIDCAP 400 ETF Trust, cutting an estimated $223M.
- LPL Financial fully exited iShares MSCI France ETF in Q3 2014, selling an estimated $15.9M.
- LPL Financial's ten largest holdings make up 20% of its $16.8B portfolio in Q3 2014.
- LPL Financial opened 194 new positions and closed 174 in Q3 2014.
- LPL Financial's portfolio value fell 2.3% quarter-over-quarter to $16.8B.
Based on LPL Financial's 13F filing for Q3 2014, filed 10 Nov 2014.