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 Value ETF
VTV
|
+$117M |
| 2 |
Vanguard Total Stock Market ETF
VTI
|
+$108M |
| 3 |
Vanguard FTSE Developed Markets ETF
VEA
|
+$102M |
| 4 |
iShares Core S&P Mid-Cap ETF
IJH
|
+$101M |
| 5 |
iShares Core S&P Small-Cap ETF
IJR
|
+$97.9M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
State Street Health Care Select Sector SPDR ETF
XLV
|
+$41.1M |
| 2 |
iShares Russell 1000 ETF
IWB
|
+$32.7M |
| 3 |
iShares 20+ Year Treasury Bond ETF
TLT
|
+$23.3M |
| 4 |
iShare MSCI Eurozone ETF
EZU
|
+$21.6M |
| 5 |
iShares US Real Estate ETF
IYR
|
+$18.9M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 2.98% |
| 2 | Financials | 2.85% |
| 3 | Industrials | 2.38% |
| 4 | Healthcare | 2.3% |
| 5 | Communication Services | 2.04% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
151
Merck
MRK
$324B
| $41M | 0.12% |
763,193
+73,894
| +11% | +$4.1M |
|
152
iShares US Basic Materials ETF
IYM
$1.16B
| $40.8M | 0.12% |
399,068
+341,071
| +588% | +$33.8M |
|
153
First Trust US Equity Opportunities ETF
FPX
$1.51B
| $40.7M | 0.12% |
596,729
+57,568
| +11% | +$3.82M |
|
154
Starbucks
SBUX
$118B
| $40.4M | 0.12% |
703,338
+58,810
| +9% | +$3.33M |
|
155
First Trust Capital Strength ETF
FTCS
$7.88B
| $40.4M | 0.12% |
791,226
+136,805
| +21% | +$6.79M |
|
156
Caterpillar
CAT
$409B
| $40.1M | 0.12% |
254,652
+33,454
| +15% | +$4.64M |
|
157
State Street SPDR S&P Regional Banking ETF
KRE
$4.86B
| $40M | 0.12% |
679,130
-133,076
| -16% | -$7.64M |
|
158
First Trust Large Cap Value AlphaDEX Fund
FTA
$1.38B
| $39.2M | 0.12% |
717,934
+5,898
| +0.8% | +$311K |
|
159
iShares Gold Trust
IAU
$63B
| $38.7M | 0.12% |
1,545,485
+67,699
| +5% | +$1.66M |
|
160
Vanguard Long-Term Bond ETF
BLV
$5.75B
| $38.6M | 0.12% |
406,074
+284,221
| +233% | +$26.7M |
|
161
WisdomTree Trust WisdomTree US Quality Dividend Growth Fund
DGRW
$16.6B
| $38.2M | 0.12% |
921,127
+20,287
| +2% | +$810K |
|
162
FS KKR Capital
FSK
$2.98B
| $38M | 0.12% |
1,292,976
+138,057
| +12% | +$4.44M |
|
163
Cisco
CSCO
$450B
| $38M | 0.12% |
992,463
+87,147
| +10% | +$3.11M |
|
164
Costco
COST
$415B
| $37.9M | 0.12% |
203,844
+34,517
| +20% | +$5.96M |
|
165
iShares National Muni Bond ETF
MUB
$45.1B
| $37.7M | 0.11% |
340,286
+1,131
| +0.3% | +$125K |
|
166
Vanguard Health Care ETF
VHT
$18.2B
| $37.6M | 0.11% |
244,073
+33,973
| +16% | +$5.21M |
|
167
State Street Utilities Select Sector SPDR ETF
XLU
$24.1B
| $37.6M | 0.11% |
1,426,460
-429,556
| -23% | -$11.8M |
|
168
iShares MSCI Switzerland ETF
EWL
$2.12B
| $37.6M | 0.11% |
1,055,817
+700,806
| +197% | +$24.4M |
|
169
First Trust NASDAQ-100 Technology Index Fund
QTEC
$4.4B
| $36.7M | 0.11% |
509,559
+71,708
| +16% | +$5.17M |
|
170
Vanguard Consumer Staples ETF
VDC
$7.86B
| $36.2M | 0.11% |
247,709
+19,332
| +8% | +$2.73M |
|
171
Invesco S&P MidCap Low Volatility ETF
XMLV
$759M
| $35.8M | 0.11% |
788,733
+161,213
| +26% | +$7.31M |
|
172
Alibaba
BABA
$269B
| $35.3M | 0.11% |
204,731
+12,353
| +6% | +$2.21M |
|
173
UnitedHealth
UNH
$382B
| $35.2M | 0.11% |
159,876
+12,753
| +9% | +$2.7M |
|
174
Philip Morris
PM
$301B
| $35.2M | 0.11% |
332,979
+42,984
| +15% | +$4.58M |
|
175
Comcast
CMCSA
$79.1B
| $34.5M | 0.1% |
860,438
-12,782
| -1% | -$481K |
|
Similar funds
LPL Financial's Q4 2017 Portfolio in Review
As of Q4 2017, LPL Financial held 3,144 positions worth $32.9B, up 16% from $28.3B the previous quarter. Its ten largest holdings account for 24% of the portfolio.
LPL Financial deployed $3.28B of net new capital in Q4 2017, opening 280 new positions and adding to 1,728 existing holdings. Its largest new stake was Corporate Capital Trust, Inc.: 1,839,393 shares worth $29.4M.
By sector, the portfolio is most concentrated in Technology at 3% of assets, up from 3% a quarter earlier, followed by Financials and Industrials.
On the sell side, the largest reduction was State Street Health Care Select Sector SPDR ETF, an estimated $41.1M trimmed.
- LPL Financial's largest Q4 2017 buy was Corporate Capital Trust, Inc.: 1,839,393 shares worth $29.4M.
- LPL Financial added most to Vanguard Value ETF in Q4 2017, an estimated $117M increase.
- LPL Financial's biggest Q4 2017 reduction was State Street Health Care Select Sector SPDR ETF, cutting an estimated $41.1M.
- LPL Financial fully exited iShares iBonds Dec 2017 Term Corporate ETF in Q4 2017, selling an estimated $4.66M.
- LPL Financial's ten largest holdings make up 24% of its $32.9B portfolio in Q4 2017.
- LPL Financial opened 280 new positions and closed 123 in Q4 2017.
- LPL Financial's portfolio value rose 16% quarter-over-quarter to $32.9B.
Based on LPL Financial's 13F filing for Q4 2017, filed 14 Feb 2018.