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 | |
|---|---|---|---|---|---|---|
1851
Rithm Capital
RITM
$5.58B
| $795K | ﹤0.01% |
65,270
+35,913
| +122% | +$443K |
|
|
PDLI
1852
DELISTED
PDL BioPharma, Inc.
PDLI
| $793K | ﹤0.01% |
229,313
+78,293
| +52% | +$328K |
|
1853
Precigen
PGEN
$1.94B
| $789K | ﹤0.01% |
+27,852
| New | +$939K |
|
1854
ProShares Short Financials
SEF
$13.2M
| $789K | ﹤0.01% |
5,730
+3,334
| +139% | +$453K |
|
1855
State Street SPDR NYSE Technology ETF
XNTK
$1.94B
| $789K | ﹤0.01% |
15,010
+7,480
| +99% | +$405K |
|
1856
iShares MSCI BIC ETF
BKF
$77M
| $785K | ﹤0.01% |
27,589
+12,516
| +83% | +$389K |
|
1857
Pinnacle West Capital
PNW
$12.4B
| $784K | ﹤0.01% |
12,164
+5,674
| +87% | +$361K |
|
|
TSLF
1858
DELISTED
THL CREDIT SENIOR LOAN FUND
TSLF
| $784K | ﹤0.01% |
49,722
+24,861
| +100% | +$382K |
|
1859
Hawaiian Electric Industries
HE
$2.26B
| $783K | ﹤0.01% |
27,220
+10,127
| +59% | +$292K |
|
1860
Schwab Short-Term US Treasury ETF
SCHO
$12.8B
| $783K | ﹤0.01% |
31,042
+14,052
| +83% | +$356K |
|
|
IBDC
1861
DELISTED
iShares iBonds Mar 2020 Term Corporate ETF
IBDC
| $783K | ﹤0.01% |
30,280
+11,224
| +59% | +$293K |
|
|
FLY
1862
DELISTED
Fly Leasing Limited
FLY
| $783K | ﹤0.01% |
57,586
+28,093
| +95% | +$374K |
|
1863
Manitowoc
MTW
$491M
| $782K | ﹤0.01% |
56,120
-3,570
| -6% | -$50.6K |
|
|
WAC
1864
DELISTED
Walter Investment Mgt Corp
WAC
| $782K | ﹤0.01% |
51,926
+39,463
| +317% | +$540K |
|
1865
Agilent Technologies
A
$39.6B
| $781K | ﹤0.01% |
19,227
+9,843
| +105% | +$381K |
|
1866
iShares MSCI Emerging Markets Small-Cap ETF
EEMS
$341M
| $780K | ﹤0.01% |
+19,404
| New | +$813K |
|
|
CGI
1867
DELISTED
Celadon Group Inc
CGI
| $780K | ﹤0.01% |
81,464
+46,956
| +136% | +$635K |
|
1868
CapForce IBD 50 ETF
FFTY
$78.8M
| $779K | ﹤0.01% |
35,848
+17,517
| +96% | +$401K |
|
|
FPT
1869
DELISTED
Federated Premier Intermediate M
FPT
| $779K | ﹤0.01% |
57,338
+42,878
| +297% | +$568K |
|
|
MXF
1870
Mexico Fund
MXF
$307M
| $778K | ﹤0.01% |
47,657
+23,055
| +94% | +$412K |
|
1871
Global X MSCI Norway ETF
NORW
$86.1M
| $778K | ﹤0.01% |
37,302
+18,651
| +100% | +$414K |
|
1872
iShares Latin America 40 ETF
ILF
$3.73B
| $777K | ﹤0.01% |
37,353
+17,438
| +88% | +$408K |
|
1873
CarMax
KMX
$8.39B
| $777K | ﹤0.01% |
14,902
+843
| +6% | +$48.1K |
|
|
NMA
1874
DELISTED
NUVEEN MUNI ADVANTAGE FUND
NMA
| $776K | ﹤0.01% |
55,728
+25,216
| +83% | +$339K |
|
1875
First Trust Exchange-Traded Fund VI First Trust BuyWrite Income ETF
FTHI
$2.35B
| $773K | ﹤0.01% |
39,092
+29,058
| +290% | +$583K |
|
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.