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 | |
|---|---|---|---|---|---|---|
1926
Essex Property Trust
ESS
$19.1B
| $725K | ﹤0.01% |
3,020
+897
| +42% | +$206K |
|
1927
Omnicom Group
OMC
$22.7B
| $725K | ﹤0.01% |
9,805
+4,815
| +96% | +$354K |
|
1928
Zions Bancorporation
ZION
$10.1B
| $722K | ﹤0.01% |
27,204
+13,988
| +106% | +$402K |
|
|
RBS.PRT
1929
DELISTED
ROYAL BANK OF SCOTLAND GRP PLS (THE) SPONS ADR REPSTG PFD
RBS.PRT
| $720K | ﹤0.01% |
27,807
+14,506
| +109% | +$372K |
|
|
SUNE
1930
DELISTED
SUNEDISON, INC COM
SUNE
| $720K | ﹤0.01% |
127,170
+47,259
| +59% | +$290K |
|
1931
Invesco S&P MidCap 400 Pure Value ETF
RFV
$336M
| $717K | ﹤0.01% |
15,192
+6,499
| +75% | +$327K |
|
|
HNW
1932
DELISTED
Pioneer Diversified High Income Fund
HNW
| $716K | ﹤0.01% |
49,018
+21,632
| +79% | +$315K |
|
|
MGU
1933
DELISTED
Macquarie Global Infrastructure Total Return Fund, Inc.
MGU
| $716K | ﹤0.01% |
37,967
+18,393
| +94% | +$368K |
|
1934
Genesis Energy
GEL
$1.82B
| $714K | ﹤0.01% |
19,277
+7,467
| +63% | +$290K |
|
|
BKCC
1935
DELISTED
BlackRock Capital Investment Corporation
BKCC
| $714K | ﹤0.01% |
75,946
+54,665
| +257% | +$517K |
|
1936
Invesco Global ex-US High Yield Corporate Bond ETF
PGHY
$222M
| $713K | ﹤0.01% |
31,003
+16,439
| +113% | +$382K |
|
1937
Crown Holdings
CCK
$13B
| $712K | ﹤0.01% |
14,128
+3,002
| +27% | +$153K |
|
1938
Direxion Daily Technology Bull 3x ETF
TECL
$4.39B
| $712K | ﹤0.01% |
206,000
+103,000
| +100% | +$382K |
|
|
CBM
1939
DELISTED
Cambrex Corporation
CBM
| $710K | ﹤0.01% |
16,252
+6,854
| +73% | +$329K |
|
1940
Community Health Systems
CYH
$382M
| $709K | ﹤0.01% |
32,847
+16,572
| +102% | +$428K |
|
1941
First Horizon
FHN
$12.2B
| $707K | ﹤0.01% |
49,806
+23,624
| +90% | +$342K |
|
|
DNY
1942
DELISTED
DONNELLEY R R & SONS CO
DNY
| $705K | ﹤0.01% |
49,391
+20,187
| +69% | +$288K |
|
1943
Axos Financial
AX
$5.58B
| $704K | ﹤0.01% |
34,590
+12,510
| +57% | +$295K |
|
1944
Olin
OLN
$2.53B
| $704K | ﹤0.01% |
+40,167
| New | +$773K |
|
|
CTB
1945
DELISTED
Cooper Tire & Rubber Co.
CTB
| $704K | ﹤0.01% |
19,510
+8,491
| +77% | +$347K |
|
1946
VanEck IG Floating Rate ETF
FLTR
$2.94B
| $703K | ﹤0.01% |
28,472
+10,473
| +58% | +$259K |
|
1947
Nuveen Mortgage and Income Fund
JLS
$94.6M
| $702K | ﹤0.01% |
30,704
+13,766
| +81% | +$311K |
|
1948
AvalonBay Communities
AVB
$27.5B
| $701K | ﹤0.01% |
3,790
+1,543
| +69% | +$276K |
|
1949
Protolabs
PRLB
$1.7B
| $700K | ﹤0.01% |
10,972
+2,459
| +29% | +$159K |
|
1950
Ziff Davis
ZD
$2B
| $700K | ﹤0.01% |
10,092
+340
| +3% | +$23.1K |
|
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.