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 Total Bond Market
BND
|
+$746M |
| 2 |
iShares Core S&P 500 ETF
IVV
|
+$672M |
| 3 |
iShares Core S&P Mid-Cap ETF
IJH
|
+$629M |
| 4 |
Invesco QQQ Trust
QQQ
|
+$493M |
| 5 |
iShares Core US Aggregate Bond ETF
AGG
|
+$411M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
State Street SPDR S&P MIDCAP 400 ETF Trust
MDY
|
+$86.2M |
| 2 |
iShares S&P Mid-Cap 400 Value ETF
IJJ
|
+$30.8M |
| 3 |
iShares Core S&P Small-Cap ETF
IJR
|
+$29.7M |
| 4 |
iShares S&P 500 Value ETF
IVE
|
+$26M |
| 5 |
iShares Currency Hedged MSCI Japan ETF
HEWJ
|
+$23.2M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Financials | 2.78% |
| 2 | Technology | 2.72% |
| 3 | Healthcare | 2.43% |
| 4 | Industrials | 2.36% |
| 5 | Communication Services | 2.05% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
1901
Ligand Pharmaceuticals
LGND
$5.96B
| $485K | ﹤0.01% |
6,410
-2,273
| -26% | -$159K |
|
1902
LXP Industrial Trust
LXP
$3.52B
| $485K | ﹤0.01% |
9,794
-507
| -5% | -$25.3K |
|
|
RATE
1903
DELISTED
Bankrate Inc
RATE
| $485K | ﹤0.01% |
37,712
-26,634
| -41% | -$286K |
|
1904
Invesco AI and Next Gen Software ETF
IGPT
$1.16B
| $483K | ﹤0.01% |
25,836
-17,685
| -41% | -$322K |
|
|
MXIM
1905
DELISTED
Maxim Integrated Products
MXIM
| $483K | ﹤0.01% |
10,756
-4,310
| -29% | -$198K |
|
|
BLD
1906
DELISTED
TopBuild
BLD
| $482K | ﹤0.01% |
9,081
+385
| +4% | +$19.7K |
|
1907
Deutsche Bank
DB
$67.9B
| $482K | ﹤0.01% |
27,117
+2,242
| +9% | +$39.7K |
|
1908
Etsy
ETSY
$7.96B
| $482K | ﹤0.01% |
32,123
-3,014
| -9% | -$37.4K |
|
1909
Silicon Motion
SIMO
$8.29B
| $482K | ﹤0.01% |
9,987
-100
| -1% | -$4.95K |
|
|
CBPO
1910
DELISTED
China Biologic Products Holdings, Inc.
CBPO
| $482K | ﹤0.01% |
4,263
-3,065
| -42% | -$343K |
|
|
ARR
1911
Armour Residential REIT
ARR
$2.01B
| $481K | ﹤0.01% |
+3,844
| New | +$484K |
|
1912
Devon Energy
DVN
$49.8B
| $481K | ﹤0.01% |
+15,030
| New | +$550K |
|
1913
International Flavors & Fragrances
IFF
$19.5B
| $481K | ﹤0.01% |
3,566
+346
| +11% | +$46.9K |
|
1914
Boston Beer
SAM
$1.91B
| $481K | ﹤0.01% |
3,642
-27
| -0.7% | -$3.78K |
|
1915
Methode Electronics
MEI
$542M
| $480K | ﹤0.01% |
11,650
-5,656
| -33% | -$236K |
|
1916
Invesco MSCI Global Timber ETF
CUT
$32.4M
| $478K | ﹤0.01% |
16,724
+1,365
| +9% | +$37.5K |
|
|
CNCR
1917
DELISTED
ETF Series Solutions Trust Range Cancer Therapeutics ETF
CNCR
| $477K | ﹤0.01% |
20,724
-2,292
| -10% | -$51.8K |
|
|
RCS
1918
PIMCO Strategic Income Fund
RCS
$243M
| $477K | ﹤0.01% |
46,846
-642,901
| -93% | -$6.41M |
|
1919
Xtrackers Municipal Infrastructure Revenue Bond ETF
RVNU
$143M
| $477K | ﹤0.01% |
17,940
-154
| -0.9% | -$4.07K |
|
1920
First Interstate BancSystem
FIBK
$3.67B
| $476K | ﹤0.01% |
12,783
-8,579
| -40% | -$322K |
|
1921
PhenixFIN
PFX
$84.1M
| $476K | ﹤0.01% |
3,724
-115
| -3% | -$15.6K |
|
1922
Mercury Insurance
MCY
$6.01B
| $475K | ﹤0.01% |
8,797
-22,646
| -72% | -$1.28M |
|
1923
Synaptics
SYNA
$4.55B
| $475K | ﹤0.01% |
9,179
+3,741
| +69% | +$204K |
|
|
AGU
1924
DELISTED
Agrium
AGU
| $475K | ﹤0.01% |
+5,246
| New | +$484K |
|
1925
Encompass Health
EHC
$11.3B
| $474K | ﹤0.01% |
12,301
-6,021
| -33% | -$220K |
|
Similar funds
LPL Financial's Q2 2017 Portfolio in Review
As of Q2 2017, LPL Financial held 3,108 positions worth $26.4B, up 80% from $14.7B the previous quarter. Its ten largest holdings account for 24% of the portfolio.
LPL Financial deployed $11.3B of net new capital in Q2 2017, opening 409 new positions and adding to 1,228 existing holdings. Its largest new stake was State Street SPDR S&P Dividend ETF: 1,023,486 shares worth $91M.
By sector, the portfolio is most concentrated in Financials at 2.8% of assets, up from 2.4% a quarter earlier, followed by Technology and Healthcare.
On the sell side, the largest reduction was State Street SPDR S&P MIDCAP 400 ETF Trust, an estimated $86.2M trimmed.
- LPL Financial's largest Q2 2017 buy was State Street SPDR S&P Dividend ETF: 1,023,486 shares worth $91M.
- LPL Financial added most to Vanguard Total Bond Market in Q2 2017, an estimated $746M increase.
- LPL Financial's biggest Q2 2017 reduction was State Street SPDR S&P MIDCAP 400 ETF Trust, cutting an estimated $86.2M.
- LPL Financial fully exited Energy Transfer Partners L.p. in Q2 2017, selling an estimated $5.54M.
- LPL Financial's ten largest holdings make up 24% of its $26.4B portfolio in Q2 2017.
- LPL Financial opened 409 new positions and closed 314 in Q2 2017.
- LPL Financial's portfolio value rose 80% quarter-over-quarter to $26.4B.
Based on LPL Financial's 13F filing for Q2 2017, filed 14 Aug 2017.