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 Morningstar Total Stock Market ETF
VTI
|
+$904M |
| 2 |
Invesco QQQ Trust
QQQ
|
+$640M |
| 3 |
iShares Core US Aggregate Bond ETF
AGG
|
+$579M |
| 4 |
Vanguard Total Bond Market
BND
|
+$540M |
| 5 |
State Street SPDR S&P 500 ETF Trust
SPY
|
+$472M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
iShares Currency Hedged MSCI Japan ETF
HEWJ
|
+$12.8M |
| 2 |
State Street SPDR Bloomberg Short Term High Yield Bond ETF
SJNK
|
+$12.5M |
| 3 |
XIV
VelocityShares Daily Inverse VIX Short Term ETN
XIV
|
+$8.56M |
| 4 |
State Street SPDR S&P Transportation ETF
XTN
|
+$4.43M |
| 5 |
iShares MSCI Japan ETF
EWJ
|
+$4.41M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Healthcare | 2.89% |
| 2 | Financials | 2.66% |
| 3 | Technology | 2.63% |
| 4 | Industrials | 2.33% |
| 5 | Consumer Staples | 2.29% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
151
WisdomTree Trust WisdomTree US Quality Dividend Growth Fund
DGRW
$16.7B
| $46.2M | 0.13% |
1,540,943
+867,406
| +129% | +$26.6M |
|
152
First Trust US Equity Opportunities ETF
FPX
$1.47B
| $46M | 0.13% |
918,019
+524,056
| +133% | +$27M |
|
153
First Trust Large Cap Growth AlphaDEX Fund
FTC
$1.3B
| $45.9M | 0.13% |
964,802
+572,407
| +146% | +$27.6M |
|
154
VanEck Morningstar Wide Moat ETF
MOAT
$11.9B
| $45.8M | 0.13% |
1,599,081
+656,641
| +70% | +$19.5M |
|
155
iShares Select U.S. REIT ETF
ICF
$2.09B
| $45.6M | 0.13% |
913,476
+496,192
| +119% | +$24.1M |
|
156
Philip Morris
PM
$297B
| $45.5M | 0.13% |
517,351
+209,355
| +68% | +$18.2M |
|
157
iShares MSCI EAFE Small-Cap ETF
SCZ
$13.4B
| $45.1M | 0.13% |
912,675
+407,593
| +81% | +$20.4M |
|
|
WBA
158
DELISTED
Walgreens Boots Alliance
WBA
| $44.3M | 0.12% |
547,853
+265,296
| +94% | +$22.5M |
|
159
Vanguard Intermediate-Term Bond ETF
BIV
$28.8B
| $44M | 0.12% |
528,576
+289,615
| +121% | +$24.4M |
|
160
VanEck Intermediate Muni ETF
ITM
$2.14B
| $44M | 0.12% |
914,111
+499,719
| +121% | +$23.7M |
|
161
Invesco Senior Loan ETF
BKLN
$6.97B
| $43.2M | 0.12% |
1,933,114
+623,859
| +48% | +$14.2M |
|
162
Southern Company
SO
$109B
| $42.6M | 0.12% |
899,587
+411,219
| +84% | +$18.6M |
|
163
State Street SPDR Portfolio Short Term Corporate Bond ETF
SPSB
$10.4B
| $42.5M | 0.12% |
1,398,070
+659,841
| +89% | +$20.1M |
|
164
Kimberly-Clark
KMB
$36.3B
| $42.4M | 0.12% |
328,853
+161,716
| +97% | +$19.4M |
|
165
iShares MSCI All Country Asia ex Japan ETF
AAXJ
$3.68B
| $41.7M | 0.12% |
803,165
+106,148
| +15% | +$5.91M |
|
166
iShares JPMorgan USD Emerging Markets Bond ETF
EMB
$15B
| $41.6M | 0.12% |
392,482
+203,649
| +108% | +$21.9M |
|
167
Vanguard Russell 1000 Growth ETF
VONG
$42.8B
| $40.9M | 0.11% |
1,627,280
+798,704
| +96% | +$20.4M |
|
168
McDonald's
MCD
$192B
| $40.9M | 0.11% |
342,811
+180,980
| +112% | +$20.2M |
|
169
iShares Floating Rate Bond ETF
FLOT
$10.2B
| $40.5M | 0.11% |
802,767
+265,810
| +50% | +$13.4M |
|
170
Vanguard Consumer Staples ETF
VDC
$7.97B
| $40.3M | 0.11% |
314,663
+177,836
| +130% | +$22.7M |
|
171
First Trust Mid Cap Core AlphaDEX Fund
FNX
$1.38B
| $40.1M | 0.11% |
847,127
+358,351
| +73% | +$17.9M |
|
172
IBM
IBM
$211B
| $38.7M | 0.11% |
297,882
+150,782
| +103% | +$20.3M |
|
|
173
State Street SPDR Bloomberg Short Term High Yield Bond ETF
SJNK
$4.89B
| $38.7M | 0.11% |
1,508,527
-467,271
| -24% | -$12.5M |
|
174
iShares US Financials ETF
IYF
$4.67B
| $38.6M | 0.11% |
886,030
+715,124
| +418% | +$31.9M |
|
175
Invesco S&P 500 Equal Weight Industrials ETF
RSPN
$1.08B
| $38.5M | 0.11% |
2,362,270
+1,175,400
| +99% | +$19.8M |
|
Similar funds
LPL Financial's Q4 2015 Portfolio in Review
As of Q4 2015, LPL Financial held 3,338 positions worth $36.1B, up 99% from $18.2B the previous quarter. Its ten largest holdings account for 22% of the portfolio.
LPL Financial deployed $18.4B of net new capital in Q4 2015, opening 550 new positions and adding to 2,405 existing holdings. Its largest new stake was Alphabet (Google) Class A: 1,817,600 shares worth $69.2M.
By sector, the portfolio is most concentrated in Healthcare at 2.9% of assets, down from 3.1% a quarter earlier, followed by Financials and Technology.
On the sell side, the largest reduction was iShares Currency Hedged MSCI Japan ETF, an estimated $12.8M trimmed.
- LPL Financial's largest Q4 2015 buy was Alphabet (Google) Class A: 1,817,600 shares worth $69.2M.
- LPL Financial added most to Vanguard Morningstar Total Stock Market ETF in Q4 2015, an estimated $904M increase.
- LPL Financial's biggest Q4 2015 reduction was iShares Currency Hedged MSCI Japan ETF, cutting an estimated $12.8M.
- LPL Financial fully exited COMCAST CORP SPL A (NEW) in Q4 2015, selling an estimated $4.02M.
- LPL Financial's ten largest holdings make up 22% of its $36.1B portfolio in Q4 2015.
- LPL Financial opened 550 new positions and closed 178 in Q4 2015.
- LPL Financial's portfolio value rose 99% quarter-over-quarter to $36.1B.
Based on LPL Financial's 13F filing for Q4 2015, filed 12 Feb 2016.