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 | |
|---|---|---|---|---|---|---|
176
Lowe's Companies
LOW
$117B
| $38.4M | 0.11% |
509,516
+304,041
| +148% | +$22.6M |
|
|
CELG
177
DELISTED
Celgene Corp
CELG
| $38.3M | 0.11% |
324,526
+124,342
| +62% | +$14.4M |
|
178
Vanguard Total World Stock ETF
VT
$77.1B
| $38.2M | 0.11% |
674,892
+314,817
| +87% | +$18.5M |
|
179
Vanguard Morningstar Mega Cap Growth ETF
MGK
$32.5B
| $38.2M | 0.11% |
2,339,240
+1,412,870
| +153% | +$23.7M |
|
180
Invesco Financial Preferred ETF
PGF
$677M
| $37.6M | 0.1% |
1,983,481
+1,256,646
| +173% | +$23.3M |
|
181
Vanguard Extended Market ETF
VXF
$30.3B
| $37.5M | 0.1% |
454,657
+237,558
| +109% | +$20.3M |
|
182
First Trust Morningstar Dividend Leaders Index Fund
FDL
$7.74B
| $37.3M | 0.1% |
1,575,038
+811,096
| +106% | +$19.2M |
|
|
183
iShares MSCI Japan ETF
EWJ
$21.9B
| $36.7M | 0.1% |
759,248
-89,801
| -11% | -$4.41M |
|
184
First Trust Preferred Securities and Income ETF
FPE
$6.32B
| $36.4M | 0.1% |
1,914,145
+1,593,105
| +496% | +$30.2M |
|
185
SPDR Gold Trust
GLD
$131B
| $36.4M | 0.1% |
352,366
+143,254
| +69% | +$15.1M |
|
186
iShares S&P Mid-Cap 400 Value ETF
IJJ
$8.83B
| $36.3M | 0.1% |
626,682
+306,806
| +96% | +$18.6M |
|
187
VanEck High Yield Muni ETF
HYD
$4.43B
| $36M | 0.1% |
581,641
+362,959
| +166% | +$22.3M |
|
188
iShares International Select Dividend ETF
IDV
$8.45B
| $35.8M | 0.1% |
1,271,506
+583,482
| +85% | +$17.2M |
|
189
3M
MMM
$90.9B
| $35.8M | 0.1% |
289,977
+83,204
| +40% | +$10.7M |
|
|
SPYM
190
State Street SPDR Portfolio S&P 500 ETF
SPYM
$161B
| $35.1M | 0.1% |
1,490,148
+734,376
| +97% | +$17.7M |
|
191
iShares Currency Hedged MSCI Eurozone ETF
HEZU
$570M
| $35.1M | 0.1% |
1,377,379
+71,245
| +5% | +$1.89M |
|
192
Vanguard Mortgage-Backed Securities ETF
VMBS
$15.4B
| $35.1M | 0.1% |
663,971
+577,110
| +664% | +$30.7M |
|
193
Eli Lilly
LLY
$1.02T
| $34.9M | 0.1% |
415,359
+195,965
| +89% | +$16.3M |
|
194
iShares US Consumer Discretionary ETF
IYC
$1.17B
| $34.4M | 0.1% |
968,880
+434,420
| +81% | +$15.8M |
|
195
ProShares S&P 500 Dividend Aristocrats ETF
NOBL
$11.7B
| $34.2M | 0.1% |
1,406,200
+880,260
| +167% | +$21.7M |
|
196
First Trust Small Cap Core AlphaDEX Fund
FYX
$1.36B
| $34.2M | 0.09% |
793,525
+363,349
| +84% | +$16.6M |
|
197
Mastercard
MA
$502B
| $34.1M | 0.09% |
358,487
+164,122
| +84% | +$16.1M |
|
198
VictoryShares US 500 Enhanced Volatility Wtd ETF
CFO
$417M
| $34.1M | 0.09% |
923,301
+599,012
| +185% | +$21.7M |
|
199
WisdomTree US MidCap Dividend Fund
DON
$4.03B
| $33.8M | 0.09% |
1,263,117
+638,163
| +102% | +$17.4M |
|
200
State Street SPDR S&P 600 Small Cap Growth ETF
SLYG
$5.07B
| $33.7M | 0.09% |
801,584
+405,828
| +103% | +$18.6M |
|
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.