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
|
+$275M |
| 2 |
iShares US Treasury Bond ETF
GOVT
|
+$192M |
| 3 |
iShares MSCI USA Min Vol Factor ETF
USMV
|
+$188M |
| 4 |
iShares 20+ Year Treasury Bond ETF
TLT
|
+$131M |
| 5 |
State Street SPDR S&P 500 ETF Trust
SPY
|
+$118M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Invesco QQQ Trust
QQQ
|
+$300M |
| 2 |
iShares MBS ETF
MBB
|
+$280M |
| 3 |
State Street SPDR S&P MIDCAP 400 ETF Trust
MDY
|
+$262M |
| 4 |
Xtrackers MSCI EAFE Hedged Equity ETF
DBEF
|
+$114M |
| 5 |
State Street SPDR Bloomberg High Yield Bond ETF
JNK
|
+$95.5M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Healthcare | 2.88% |
| 2 | Technology | 2.67% |
| 3 | Financials | 2.58% |
| 4 | Industrials | 2.45% |
| 5 | Consumer Staples | 2.44% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
176
Bank of America
BAC
$435B
| $38.2M | 0.11% |
2,895,403
-394,589
| -12% | -$5.33M |
|
177
Invesco Pharmaceuticals ETF
PJP
$425M
| $38M | 0.11% |
625,558
-178,690
| -22% | -$10.9M |
|
178
ProShares S&P 500 Dividend Aristocrats ETF
NOBL
$11.6B
| $37.9M | 0.11% |
1,457,052
+50,852
| +4% | +$1.25M |
|
179
State Street SPDR S&P 600 Small Cap Growth ETF
SLYG
$5.02B
| $37.3M | 0.1% |
878,048
+76,464
| +10% | +$3.09M |
|
180
VictoryShares US 500 Enhanced Volatility Wtd ETF
CFO
$415M
| $37.2M | 0.1% |
1,027,481
+104,180
| +11% | +$3.58M |
|
181
Vanguard Energy ETF
VDE
$10.1B
| $36.5M | 0.1% |
438,776
+46,491
| +12% | +$3.72M |
|
182
Vanguard Mega Cap Growth ETF
MGK
$31.9B
| $36.2M | 0.1% |
2,186,100
-153,140
| -7% | -$2.41M |
|
183
VictoryShares US EQ Income Enhanced Volatility Wtd ETF
CDC
$744M
| $36M | 0.1% |
965,342
+147,758
| +18% | +$5.23M |
|
184
iShares US Utilities ETF
IDU
$1.41B
| $35.8M | 0.1% |
589,830
+316,722
| +116% | +$18.2M |
|
185
Ford
F
$57.3B
| $35.5M | 0.1% |
2,781,183
+341,432
| +14% | +$4.3M |
|
186
iShares Floating Rate Bond ETF
FLOT
$10.1B
| $35.5M | 0.1% |
704,323
-98,444
| -12% | -$4.95M |
|
187
Walmart Inc
WMT
$871B
| $34.4M | 0.1% |
1,502,190
+369
| +0% | +$8.09K |
|
188
WisdomTree US MidCap Dividend Fund
DON
$4.03B
| $34.2M | 0.1% |
1,213,557
-49,560
| -4% | -$1.31M |
|
189
Vanguard Mortgage-Backed Securities ETF
VMBS
$15.4B
| $33.9M | 0.09% |
634,051
-29,920
| -5% | -$1.59M |
|
190
ConocoPhillips
COP
$147B
| $33.9M | 0.09% |
867,561
-114,271
| -12% | -$4.34M |
|
191
iShares JPMorgan USD Emerging Markets Bond ETF
EMB
$14.9B
| $33.8M | 0.09% |
307,819
-84,663
| -22% | -$9.02M |
|
192
Cisco
CSCO
$450B
| $33.3M | 0.09% |
1,206,721
+83,934
| +7% | +$2.16M |
|
193
iShares US Basic Materials ETF
IYM
$1.16B
| $33.3M | 0.09% |
457,906
+393,104
| +607% | +$26.4M |
|
194
iShares International Select Dividend ETF
IDV
$8.25B
| $33M | 0.09% |
1,178,821
-92,685
| -7% | -$2.55M |
|
195
Vanguard Extended Market ETF
VXF
$30.3B
| $32.7M | 0.09% |
400,803
-53,854
| -12% | -$4.16M |
|
196
VanEck Gold Miners ETF
GDX
$23B
| $32.7M | 0.09% |
1,622,979
+585,727
| +56% | +$10.1M |
|
|
CELG
197
DELISTED
Celgene Corp
CELG
| $32.6M | 0.09% |
318,778
-5,748
| -2% | -$592K |
|
198
iShares MSCI EAFE Small-Cap ETF
SCZ
$13.5B
| $32.5M | 0.09% |
671,365
-241,310
| -26% | -$11.3M |
|
199
Mastercard
MA
$477B
| $32.2M | 0.09% |
340,811
-17,676
| -5% | -$1.56M |
|
200
iShares MSCI Japan ETF
EWJ
$21.7B
| $32M | 0.09% |
734,211
-25,037
| -3% | -$1.13M |
|
Similar funds
LPL Financial's Q1 2016 Portfolio in Review
As of Q1 2016, LPL Financial held 3,343 positions worth $35.9B, down 0.34% from $36.1B the previous quarter. Its ten largest holdings account for 22% of the portfolio.
LPL Financial's Q1 2016 filing shows 182 new, 1,288 increased, 1,485 reduced and 239 closed positions. Its largest new stake was Pacer Trendpilot European Index ETF: 322,758 shares worth $8.07M. The largest sale was Invesco QQQ Trust, an estimated $300M.
By sector, the portfolio is most concentrated in Healthcare at 2.9% of assets, down from 2.9% a quarter earlier, followed by Technology and Financials.
- LPL Financial's largest Q1 2016 buy was Pacer Trendpilot European Index ETF: 322,758 shares worth $8.07M.
- LPL Financial added most to Vanguard Total Bond Market in Q1 2016, an estimated $275M increase.
- LPL Financial's biggest Q1 2016 reduction was Invesco QQQ Trust, cutting an estimated $300M.
- LPL Financial fully exited WisdomTree Japan Hedged Health Care Fund in Q1 2016, selling an estimated $11.5M.
- LPL Financial's ten largest holdings make up 22% of its $35.9B portfolio in Q1 2016.
- LPL Financial opened 182 new positions and closed 239 in Q1 2016.
- LPL Financial's portfolio value fell 0.34% quarter-over-quarter to $35.9B.
Based on LPL Financial's 13F filing for Q1 2016, filed 16 May 2016.