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 | |
|---|---|---|---|---|---|---|
|
FTF
1751
Franklin Limited Duration Income Trust
FTF
$231M
| $901K | ﹤0.01% |
83,192
+40,896
| +97% | +$449K |
|
1752
Packaging Corp of America
PKG
$22.2B
| $899K | ﹤0.01% |
14,436
+7,299
| +102% | +$481K |
|
1753
BorgWarner
BWA
$12.8B
| $898K | ﹤0.01% |
24,387
-10,768
| -31% | -$404K |
|
1754
Verisk Analytics
VRSK
$27.7B
| $897K | ﹤0.01% |
11,918
-5,686
| -32% | -$432K |
|
1755
Franklin Resources
BEN
$16.8B
| $895K | ﹤0.01% |
24,790
-8,085
| -25% | -$316K |
|
1756
TE Connectivity
TEL
$60B
| $895K | ﹤0.01% |
14,145
+5,307
| +60% | +$342K |
|
1757
Core Laboratories
CLB
$455M
| $894K | ﹤0.01% |
8,360
+3,147
| +60% | +$360K |
|
|
CXH
1758
DELISTED
MFS Investment Grade Municipal Trust
CXH
| $891K | ﹤0.01% |
89,928
+44,964
| +100% | +$437K |
|
1759
Global Net Lease
GNL
$1.87B
| $891K | ﹤0.01% |
37,432
+17,549
| +88% | +$466K |
|
|
GOLD
1760
DELISTED
Randgold Resources Ltd
GOLD
| $891K | ﹤0.01% |
14,334
+6,271
| +78% | +$396K |
|
1761
OGE Energy
OGE
$9.87B
| $889K | ﹤0.01% |
33,874
+18,053
| +114% | +$485K |
|
|
PNRA
1762
DELISTED
Panera Bread Co
PNRA
| $889K | ﹤0.01% |
4,706
+1,466
| +45% | +$272K |
|
|
MGF
1763
Aberdeen Government Markets Income Fund
MGF
$90.9M
| $888K | ﹤0.01% |
166,588
+84,619
| +103% | +$448K |
|
|
AYR
1764
DELISTED
Aircastle Ltd
AYR
| $888K | ﹤0.01% |
42,742
+22,048
| +107% | +$465K |
|
1765
Banco Santander
SAN
$191B
| $887K | ﹤0.01% |
197,008
+1,742
| +0.9% | +$9.04K |
|
|
WSR
1766
DELISTED
Whitestone REIT
WSR
| $885K | ﹤0.01% |
73,784
+36,433
| +98% | +$439K |
|
1767
Universal Display
OLED
$3.75B
| $881K | ﹤0.01% |
16,698
+10,085
| +153% | +$445K |
|
1768
Fortune Brands Innovations
FBIN
$5.86B
| $880K | ﹤0.01% |
18,997
+9,906
| +109% | +$449K |
|
1769
KeyCorp
KEY
$23.8B
| $880K | ﹤0.01% |
68,478
-23,908
| -26% | -$314K |
|
|
MEN
1770
DELISTED
Blackrock Muni Enhanced Fund, Inc.
MEN
| $879K | ﹤0.01% |
72,733
+35,752
| +97% | +$415K |
|
|
NGLS
1771
DELISTED
TARGA RESOURCES PARTNERS LP COM UTS REPTG LTD PARTERSHIP INT
NGLS
| $879K | ﹤0.01% |
55,193
+20,902
| +61% | +$518K |
|
1772
Domino's
DPZ
$11.9B
| $878K | ﹤0.01% |
7,990
+3,293
| +70% | +$353K |
|
1773
Pultegroup
PHM
$25.2B
| $876K | ﹤0.01% |
50,577
+8,947
| +21% | +$167K |
|
1774
Sprouts Farmers Market
SFM
$7.44B
| $875K | ﹤0.01% |
32,434
+23,354
| +257% | +$552K |
|
|
DISH
1775
DELISTED
DISH Network Corp.
DISH
| $875K | ﹤0.01% |
15,256
+7,503
| +97% | +$460K |
|
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.