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 | |
|---|---|---|---|---|---|---|
176
PUT
State Street SPDR S&P 500 ETF Trust
SPY
$778B
| $27.7M | 0.1% |
+114,400
| New | +$27.4M |
|
177
Vanguard Mortgage-Backed Securities ETF
VMBS
$15.4B
| $27.5M | 0.1% |
522,043
+32,981
| +7% | +$1.74M |
|
178
iShares Floating Rate Bond ETF
FLOT
$10.1B
| $27.4M | 0.1% |
537,809
-51,338
| -9% | -$2.61M |
|
179
First Trust Dorsey Wright Dynamic Focus 5 ETF
FVC
$104M
| $27.2M | 0.1% |
1,177,613
-13,842
| -1% | -$317K |
|
180
Bristol-Myers Squibb
BMY
$127B
| $27.2M | 0.1% |
488,153
+465,991
| +2,103% | +$25.4M |
|
181
iShares MSCI USA Momentum Factor ETF
MTUM
$25.5B
| $26.7M | 0.1% |
300,412
-32,051
| -10% | -$2.77M |
|
182
Vanguard Total International Bond ETF
BNDX
$82B
| $26.7M | 0.1% |
490,882
+34,551
| +8% | +$1.88M |
|
183
Invesco S&P MidCap Low Volatility ETF
XMLV
$759M
| $26.6M | 0.1% |
613,918
+5,190
| +0.9% | +$223K |
|
|
184
iShares S&P Mid-Cap 400 Value ETF
IJJ
$8.85B
| $26.3M | 0.1% |
354,330
-416,276
| -54% | -$30.8M |
|
185
iShares US Healthcare ETF
IYH
$3.11B
| $25.9M | 0.1% |
779,970
-107,305
| -12% | -$3.43M |
|
186
iShares US Real Estate ETF
IYR
$4.59B
| $25.9M | 0.1% |
324,468
+31,002
| +11% | +$2.47M |
|
187
Costco
COST
$415B
| $25.5M | 0.1% |
159,528
+140,293
| +729% | +$24.2M |
|
188
Southern Company
SO
$110B
| $25.4M | 0.1% |
530,012
+499,287
| +1,625% | +$25M |
|
189
iShares MSCI United Kingdom ETF
EWU
$4.04B
| $25.3M | 0.1% |
758,207
+374,754
| +98% | +$12.6M |
|
|
VPU
190
Vanguard Utilities ETF
VPU
$8.83B
| $25.1M | 0.1% |
219,942
+2,547
| +1% | +$294K |
|
191
IBM
IBM
$202B
| $25M | 0.09% |
169,979
+165,923
| +4,091% | +$25M |
|
192
Invesco National AMT-Free Municipal Bond ETF
PZA
$4.19B
| $24.9M | 0.09% |
976,894
+56,233
| +6% | +$1.43M |
|
193
Vanguard Financials ETF
VFH
$13.3B
| $24.6M | 0.09% |
393,615
+35,093
| +10% | +$2.12M |
|
194
First Trust Financials AlphaDEX Fund
FXO
$1.12B
| $24.5M | 0.09% |
855,880
+145,519
| +20% | +$4.05M |
|
195
Vanguard Extended Market ETF
VXF
$30.3B
| $24.1M | 0.09% |
235,840
+4,375
| +2% | +$441K |
|
196
Comcast
CMCSA
$79.7B
| $24M | 0.09% |
616,236
+122,340
| +25% | +$4.82M |
|
197
Schwab US Large-Cap Growth ETF
SCHG
$58.5B
| $24M | 0.09% |
3,032,464
+111,992
| +4% | +$873K |
|
198
Amgen
AMGN
$203B
| $23.5M | 0.09% |
136,493
+132,767
| +3,563% | +$21.6M |
|
199
Kimberly-Clark
KMB
$36.4B
| $23.5M | 0.09% |
181,855
+390
| +0.2% | +$50.7K |
|
|
CELG
200
DELISTED
Celgene Corp
CELG
| $23.3M | 0.09% |
179,521
+96,154
| +115% | +$11.8M |
|
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.