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 | |
|---|---|---|---|---|---|---|
1926
Icahn Enterprises
IEP
$5.19B
| $474K | ﹤0.01% |
9,172
+48
| +0.5% | +$2.4K |
|
1927
Fidelity Total Bond ETF
FBND
$27.2B
| $473K | ﹤0.01% |
+9,431
| New | +$474K |
|
1928
Invesco Next Gen Connectivity ETF
KNCT
$154M
| $473K | ﹤0.01% |
10,848
+13
| +0.1% | +$573 |
|
|
PACW
1929
DELISTED
PacWest Bancorp
PACW
| $473K | ﹤0.01% |
10,126
+1,498
| +17% | +$73.1K |
|
|
JNPR
1930
DELISTED
Juniper Networks
JNPR
| $472K | ﹤0.01% |
16,947
-2,119
| -11% | -$61.6K |
|
1931
Manitowoc
MTW
$523M
| $472K | ﹤0.01% |
19,653
+9,569
| +95% | +$224K |
|
1932
Cohen & Steers Quality Income Realty Fund
RQI
$1.71B
| $472K | ﹤0.01% |
37,493
-206,671
| -85% | -$2.62M |
|
1933
Match Group
MTCH
$9.05B
| $471K | ﹤0.01% |
27,096
-3,582
| -12% | -$65.7K |
|
1934
Tompkins Financial
TMP
$1.43B
| $471K | ﹤0.01% |
5,990
+25
| +0.4% | +$2.01K |
|
1935
Acadia Healthcare
ACHC
$2.99B
| $468K | ﹤0.01% |
9,476
-1,506
| -14% | -$66.7K |
|
1936
Impinj
PI
$3.97B
| $468K | ﹤0.01% |
9,626
+95
| +1% | +$3.99K |
|
1937
Agnico Eagle Mines
AEM
$73B
| $467K | ﹤0.01% |
10,346
-1,247
| -11% | -$58.5K |
|
1938
Nuveen Core Equity Alpha Fund
JCE
$280M
| $466K | ﹤0.01% |
31,811
-81,126
| -72% | -$1.17M |
|
|
NFJ
1939
Virtus Dividend, Interest & Premium Strategy Fund
NFJ
$1.41B
| $465K | ﹤0.01% |
35,557
-96,170
| -73% | -$1.26M |
|
|
HES
1940
DELISTED
Hess
HES
| $464K | ﹤0.01% |
+10,583
| New | +$495K |
|
1941
Owens Corning
OC
$11.6B
| $464K | ﹤0.01% |
6,927
-1,782
| -20% | -$112K |
|
|
ANSS
1942
DELISTED
Ansys
ANSS
| $462K | ﹤0.01% |
3,783
+1,258
| +50% | +$148K |
|
1943
Diamondback Energy
FANG
$55.1B
| $460K | ﹤0.01% |
5,184
+2,394
| +86% | +$232K |
|
1944
Steven Madden
SHOO
$3.18B
| $460K | ﹤0.01% |
17,283
+6,483
| +60% | +$165K |
|
1945
UGI
UGI
$7.91B
| $460K | ﹤0.01% |
9,493
-4,847
| -34% | -$241K |
|
1946
Cambria Foreign Shareholder Yield ETF
FYLD
$691M
| $459K | ﹤0.01% |
19,387
-2,162
| -10% | -$50.5K |
|
1947
BorgWarner
BWA
$13.1B
| $458K | ﹤0.01% |
+12,290
| New | +$446K |
|
1948
SLM Corp
SLM
$4.78B
| $458K | ﹤0.01% |
41,026
+27,677
| +207% | +$315K |
|
1949
Applied Industrial Technologies
AIT
$12.9B
| $457K | ﹤0.01% |
7,735
-55
| -0.7% | -$3.37K |
|
1950
Factset
FDS
$9.46B
| $457K | ﹤0.01% |
2,750
+106
| +4% | +$17.3K |
|
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.