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 Value ETF
VTV
|
+$117M |
| 2 |
Vanguard Total Stock Market ETF
VTI
|
+$108M |
| 3 |
Vanguard FTSE Developed Markets ETF
VEA
|
+$102M |
| 4 |
iShares Core S&P Mid-Cap ETF
IJH
|
+$101M |
| 5 |
iShares Core S&P Small-Cap ETF
IJR
|
+$97.9M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
State Street Health Care Select Sector SPDR ETF
XLV
|
+$41.1M |
| 2 |
iShares Russell 1000 ETF
IWB
|
+$32.7M |
| 3 |
iShares 20+ Year Treasury Bond ETF
TLT
|
+$23.3M |
| 4 |
iShare MSCI Eurozone ETF
EZU
|
+$21.6M |
| 5 |
iShares US Real Estate ETF
IYR
|
+$18.9M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 2.98% |
| 2 | Financials | 2.85% |
| 3 | Industrials | 2.38% |
| 4 | Healthcare | 2.3% |
| 5 | Communication Services | 2.04% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
176
Northrop Grumman
NOC
$77B
| $34M | 0.1% |
110,804
-6,589
| -6% | -$1.98M |
|
177
Schwab US Large-Cap Growth ETF
SCHG
$58.5B
| $33.8M | 0.1% |
3,822,128
+552,576
| +17% | +$4.75M |
|
178
iShares Floating Rate Bond ETF
FLOT
$10.1B
| $33.4M | 0.1% |
657,682
+62,813
| +11% | +$3.2M |
|
179
Xtrackers MSCI EAFE Hedged Equity ETF
DBEF
$9.13B
| $32.9M | 0.1% |
1,035,273
+16,996
| +2% | +$540K |
|
180
VanEck Fallen Angel High Yield Bond ETF
ANGL
$3.07B
| $32.7M | 0.1% |
1,090,808
+251,077
| +30% | +$7.55M |
|
181
Bristol-Myers Squibb
BMY
$127B
| $32.3M | 0.1% |
527,609
+46,114
| +10% | +$2.88M |
|
182
Invesco BuyBack Achievers ETF
PKW
$1.69B
| $32.3M | 0.1% |
546,777
+3,590
| +0.7% | +$204K |
|
183
DuPont de Nemours
DD
$18.6B
| $32M | 0.1% |
177,347
+25,065
| +16% | +$4.51M |
|
184
Walmart Inc
WMT
$871B
| $31.8M | 0.1% |
966,747
+148,176
| +18% | +$4.53M |
|
185
GE Aerospace
GE
$367B
| $31.7M | 0.1% |
379,310
-140,738
| -27% | -$13.4M |
|
186
Invesco S&P 500 Pure Growth ETF
RPG
$2.04B
| $31.6M | 0.1% |
1,505,175
+517,830
| +52% | +$10.7M |
|
187
Vanguard Financials ETF
VFH
$13.3B
| $31.4M | 0.1% |
448,730
+58,842
| +15% | +$3.99M |
|
188
iShares MSCI France ETF
EWQ
$324M
| $31M | 0.09% |
993,269
+969,296
| +4,043% | +$30.1M |
|
189
Kimberly-Clark
KMB
$36.4B
| $30.8M | 0.09% |
255,038
+68,777
| +37% | +$8.02M |
|
190
First Trust Financials AlphaDEX Fund
FXO
$1.12B
| $30.3M | 0.09% |
967,278
+197,065
| +26% | +$6.04M |
|
191
Vanguard Extended Market ETF
VXF
$30.3B
| $30.1M | 0.09% |
269,768
+28,152
| +12% | +$3.08M |
|
192
Southern Company
SO
$110B
| $29.9M | 0.09% |
621,291
+76,349
| +14% | +$3.89M |
|
193
State Street SPDR Portfolio S&P 500 Growth ETF
SPYG
$50.7B
| $29.8M | 0.09% |
901,568
-15,876
| -2% | -$513K |
|
194
First Trust Dorsey Wright Dynamic Focus 5 ETF
FVC
$104M
| $29.7M | 0.09% |
1,156,619
-11,194
| -1% | -$283K |
|
195
Invesco S&P Ultra Dividend Revenue ETF
RDIV
$1.36B
| $29.7M | 0.09% |
811,209
-6,211
| -0.8% | -$220K |
|
|
CCT
196
DELISTED
Corporate Capital Trust, Inc.
CCT
| $29.4M | 0.09% |
+1,839,393
| New | +$32.2M |
|
197
State Street SPDR S&P 600 Small Cap Growth ETF
SLYG
$5.02B
| $29.1M | 0.09% |
512,188
+49,724
| +11% | +$2.87M |
|
198
iShares 1-3 Year Treasury Bond ETF
SHY
$25.4B
| $28.8M | 0.09% |
343,448
-46,899
| -12% | -$3.95M |
|
199
NVIDIA
NVDA
$5.01T
| $28.7M | 0.09% |
5,926,600
+550,080
| +10% | +$2.73M |
|
200
iShares US Healthcare ETF
IYH
$3.11B
| $28.6M | 0.09% |
819,450
-43,745
| -5% | -$1.52M |
|
Similar funds
LPL Financial's Q4 2017 Portfolio in Review
As of Q4 2017, LPL Financial held 3,144 positions worth $32.9B, up 16% from $28.3B the previous quarter. Its ten largest holdings account for 24% of the portfolio.
LPL Financial deployed $3.28B of net new capital in Q4 2017, opening 280 new positions and adding to 1,728 existing holdings. Its largest new stake was Corporate Capital Trust, Inc.: 1,839,393 shares worth $29.4M.
By sector, the portfolio is most concentrated in Technology at 3% of assets, up from 3% a quarter earlier, followed by Financials and Industrials.
On the sell side, the largest reduction was State Street Health Care Select Sector SPDR ETF, an estimated $41.1M trimmed.
- LPL Financial's largest Q4 2017 buy was Corporate Capital Trust, Inc.: 1,839,393 shares worth $29.4M.
- LPL Financial added most to Vanguard Value ETF in Q4 2017, an estimated $117M increase.
- LPL Financial's biggest Q4 2017 reduction was State Street Health Care Select Sector SPDR ETF, cutting an estimated $41.1M.
- LPL Financial fully exited iShares iBonds Dec 2017 Term Corporate ETF in Q4 2017, selling an estimated $4.66M.
- LPL Financial's ten largest holdings make up 24% of its $32.9B portfolio in Q4 2017.
- LPL Financial opened 280 new positions and closed 123 in Q4 2017.
- LPL Financial's portfolio value rose 16% quarter-over-quarter to $32.9B.
Based on LPL Financial's 13F filing for Q4 2017, filed 14 Feb 2018.