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 |
iShares S&P Mid-Cap 400 Value ETF
IJJ
|
+$19.2M |
| 2 |
MLPI
UBS E-TRACS Alerian MLP Infrastructure ETN
MLPI
|
+$15.3M |
| 3 |
Vanguard S&P 500 Value ETF
VOOV
|
+$12.3M |
| 4 |
iShares MSCI Emerging Markets Min Vol Factor ETF
EEMV
|
+$11.2M |
| 5 |
DWIN
Invesco DWA Tactical Multi-Asset Income ETF
DWIN
|
+$9.33M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Vanguard Total Bond Market
BND
|
+$1.07B |
| 2 |
Vanguard Total Stock Market ETF
VTI
|
+$878M |
| 3 |
iShares Core US Aggregate Bond ETF
AGG
|
+$829M |
| 4 |
Invesco QQQ Trust
QQQ
|
+$809M |
| 5 |
State Street SPDR S&P 500 ETF Trust
SPY
|
+$564M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Financials | 2.32% |
| 2 | Healthcare | 1.58% |
| 3 | Technology | 1.4% |
| 4 | Real Estate | 1.36% |
| 5 | Industrials | 1.14% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
151
iShares Russell 1000 Value ETF
IWD
$82B
| $12.5M | 0.11% |
121,349
-2,718,691
| -96% | -$275M |
|
152
Realty Income
O
$60.8B
| $12.5M | 0.11% |
180,957
-145,585
| -45% | -$8.83M |
|
153
iShares US Telecommunications ETF
IYZ
$1.19B
| $12.1M | 0.1% |
362,604
-383,294
| -51% | -$12M |
|
154
State Street SPDR S&P Biotech ETF
XBI
$10.2B
| $11.9M | 0.1% |
210,648
-263,108
| -56% | -$14.4M |
|
155
Pacer Trendpilot US Large Cap ETF
PTLC
$3.25B
| $11.9M | 0.1% |
532,849
-526,822
| -50% | -$11.6M |
|
156
Alphabet (Google) Class C
GOOG
$3.9T
| $11.8M | 0.1% |
338,920
-1,114,440
| -77% | -$40M |
|
157
Meta Platforms (Facebook)
META
$1.53T
| $11.5M | 0.1% |
98,668
-827,274
| -89% | -$95.3M |
|
158
Visa
V
$672B
| $11.5M | 0.1% |
155,127
-789,742
| -84% | -$61.8M |
|
159
Vanguard Mid-Cap ETF
VO
$106B
| $11.5M | 0.1% |
373,304
-3,837,968
| -91% | -$117M |
|
160
DNP Select Income Fund
DNP
$4.17B
| $11.5M | 0.1% |
1,065,220
-936,935
| -47% | -$9.6M |
|
161
First Trust Energy AlphaDEX Fund
FXN
$399M
| $11.4M | 0.1% |
780,358
-408,371
| -34% | -$6.09M |
|
|
162
Alphabet (Google) Class A
GOOGL
$3.91T
| $11.3M | 0.1% |
319,480
-1,805,080
| -85% | -$66.2M |
|
163
Healthcare Realty
HR
$7.37B
| $11.3M | 0.1% |
346,057
-378,439
| -52% | -$11.4M |
|
164
State Street SPDR Dow Jones REIT ETF
RWR
$1.93B
| $11.3M | 0.1% |
112,633
-119,670
| -52% | -$11.3M |
|
165
First Trust Senior Loan Fund ETF
FTSL
$2.31B
| $11.3M | 0.1% |
235,133
-181,491
| -44% | -$8.7M |
|
166
Vanguard Total International Bond ETF
BNDX
$82B
| $11.2M | 0.09% |
200,408
-107,288
| -35% | -$5.87M |
|
167
iShares Dow Jones US ETF
IYY
$2.94B
| $11.2M | 0.09% |
213,924
-248,182
| -54% | -$12.8M |
|
|
JPS
168
DELISTED
Nuveen Preferred & Income Securities Fund
JPS
| $11.1M | 0.09% |
1,168,167
+201
| +0% | +$1.83K |
|
169
iShares Russell Top 200 Growth ETF
IWY
$16.1B
| $11M | 0.09% |
203,575
-28,683
| -12% | -$1.54M |
|
170
VanEck Junior Gold Miners ETF
GDXJ
$7.11B
| $10.9M | 0.09% |
223,933
-128,375
| -36% | -$4.63M |
|
171
Honeywell
HON
$76.4B
| $10.9M | 0.09% |
104,254
-358,803
| -77% | -$36.9M |
|
172
WisdomTree US High Dividend Fund
DHS
$1.56B
| $10.9M | 0.09% |
163,317
-106,324
| -39% | -$6.81M |
|
173
First Trust Utilities AlphaDEX Fund
FXU
$840M
| $10.9M | 0.09% |
399,789
-203,464
| -34% | -$5.21M |
|
174
ProShares Large Cap Core Plus
CSM
$511M
| $10.8M | 0.09% |
423,854
-461,374
| -52% | -$11.7M |
|
175
State Street SPDR Bloomberg Short Term High Yield Bond ETF
SJNK
$4.89B
| $10.8M | 0.09% |
402,606
-450,399
| -53% | -$11.9M |
|
Similar funds
LPL Financial's Q2 2016 Portfolio in Review
As of Q2 2016, LPL Financial held 3,304 positions worth $11.8B, down 67% from $35.9B the previous quarter. Its ten largest holdings account for 24% of the portfolio.
LPL Financial withdrew a net $24.9B in Q2 2016, closing 680 positions and reducing 2,172 holdings. Its most notable exit was iShares Gold Trust, an estimated $144M position sold in full.
By sector, the portfolio is most concentrated in Financials at 2.3% of assets, down from 2.6% a quarter earlier, followed by Healthcare and Technology.
Against the trend, LPL Financial opened a new position in Xtrackers MSCI All World ex US Hedged Equity ETF worth $3.23M.
- LPL Financial's largest Q2 2016 buy was Xtrackers MSCI All World ex US Hedged Equity ETF: 150,365 shares worth $3.23M.
- LPL Financial added most to iShares S&P Mid-Cap 400 Value ETF in Q2 2016, an estimated $19.2M increase.
- LPL Financial's biggest Q2 2016 reduction was Vanguard Total Bond Market, cutting an estimated $1.07B.
- LPL Financial fully exited iShares Gold Trust in Q2 2016, selling an estimated $144M.
- LPL Financial's ten largest holdings make up 24% of its $11.8B portfolio in Q2 2016.
- LPL Financial opened 202 new positions and closed 680 in Q2 2016.
- LPL Financial's portfolio value fell 67% quarter-over-quarter to $11.8B.
Based on LPL Financial's 13F filing for Q2 2016, filed 15 Aug 2016.