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 |
State Street SPDR S&P MIDCAP 400 ETF Trust
MDY
|
+$66.6M |
| 2 |
Vanguard Small-Cap Growth ETF
VBK
|
+$35.6M |
| 3 |
State Street Technology Select Sector SPDR ETF
XLK
|
+$28.9M |
| 4 |
iShares Core S&P Small-Cap ETF
IJR
|
+$23M |
| 5 |
VictoryShares US EQ Income Enhanced Volatility Wtd ETF
CDC
|
+$22.1M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Vanguard Total Stock Market ETF
VTI
|
+$930M |
| 2 |
iShares Russell 1000 Growth ETF
IWF
|
+$260M |
| 3 |
Vanguard Intermediate-Term Corporate Bond ETF
VCIT
|
+$156M |
| 4 |
iShares Core MSCI EAFE ETF
IEFA
|
+$129M |
| 5 |
iShares Core MSCI Emerging Markets ETF
IEMG
|
+$79.1M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Financials | 2.88% |
| 2 | Healthcare | 1.78% |
| 3 | Technology | 1.78% |
| 4 | Real Estate | 1.45% |
| 5 | Energy | 1.29% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
1976
WPP
WPP
$4.21B
| $357K | ﹤0.01% |
3,040
+68
| +2% | +$7.76K |
|
1977
Golar LNG
GLNG
$4.99B
| $356K | ﹤0.01% |
16,835
+500
| +3% | +$9.55K |
|
1978
Veeva Systems
VEEV
$31.6B
| $356K | ﹤0.01% |
8,776
+2,476
| +39% | +$96K |
|
|
MTT
1979
DELISTED
Western Asset Municipal Defined Opportunity Trust Inc.
MTT
| $356K | ﹤0.01% |
14,412
+1,571
| +12% | +$38.5K |
|
1980
ProShares Ultra Russell2000
UWM
$248M
| $355K | ﹤0.01% |
15,224
-5,520
| -27% | -$125K |
|
1981
Twilio
TWLO
$29.5B
| $354K | ﹤0.01% |
+5,813
| New | +$290K |
|
|
RESP
1982
DELISTED
WisdomTree U.S. ESG Fund
RESP
| $354K | ﹤0.01% |
14,352
+966
| +7% | +$23.9K |
|
|
LLTC
1983
DELISTED
Linear Technology Corp
LLTC
| $354K | ﹤0.01% |
5,958
-13,836
| -70% | -$776K |
|
|
WWAV
1984
DELISTED
The WhiteWave Foods Company
WWAV
| $353K | ﹤0.01% |
6,443
+1,808
| +39% | +$99.5K |
|
1985
Sumitomo Mitsui Financial
SMFG
$167B
| $352K | ﹤0.01% |
52,648
+1,748
| +3% | +$11.3K |
|
|
RUTH
1986
DELISTED
Ruth's Hospitality Group, Inc.
RUTH
| $352K | ﹤0.01% |
25,085
+10,085
| +67% | +$154K |
|
|
BNCL
1987
DELISTED
Beneficial Bancorp, Inc.
BNCL
| $352K | ﹤0.01% |
+23,966
| New | +$340K |
|
1988
Equity Lifestyle Properties
ELS
$12.6B
| $350K | ﹤0.01% |
9,418
-7,738
| -45% | -$307K |
|
1989
PVH
PVH
$3.87B
| $350K | ﹤0.01% |
3,116
+180
| +6% | +$18.6K |
|
1990
United States Gasoline Fund
UGA
$143M
| $350K | ﹤0.01% |
12,309
-10,962
| -47% | -$268K |
|
1991
VanEck Vietnam ETF
VNM
$472M
| $350K | ﹤0.01% |
23,523
+4,635
| +25% | +$69.2K |
|
|
AIG.WS
1992
DELISTED
American International Group, Inc.
AIG.WS
| $350K | ﹤0.01% |
16,641
+252
| +2% | +$5.27K |
|
|
PNNT
1993
Pennant Park Investment Corp
PNNT
$219M
| $349K | ﹤0.01% |
45,376
-620
| -1% | -$4.66K |
|
|
SWN
1994
DELISTED
Southwestern Energy Company
SWN
| $349K | ﹤0.01% |
+25,422
| New | +$352K |
|
1995
Crane NXT
CXT
$3.12B
| $347K | ﹤0.01% |
16,177
+2,384
| +17% | +$51.4K |
|
|
KNGT
1996
DELISTED
KNIGHT TRANSPORTATION INC
KNGT
| $347K | ﹤0.01% |
12,000
-424
| -3% | -$12.3K |
|
|
SF
1997
Stifel
SF
$12.5B
| $346K | ﹤0.01% |
+19,962
| New | +$321K |
|
|
ENLC
1998
DELISTED
ENLINK MIDSTREAM, LLC
ENLC
| $345K | ﹤0.01% |
21,404
+794
| +4% | +$12.9K |
|
|
FPT
1999
DELISTED
Federated Premier Intermediate M
FPT
| $345K | ﹤0.01% |
24,656
-2,212
| -8% | -$31.7K |
|
2000
United Parks & Resorts
PRKS
$2.12B
| $344K | ﹤0.01% |
24,208
+2,126
| +10% | +$29.1K |
|
Similar funds
LPL Financial's Q3 2016 Portfolio in Review
As of Q3 2016, LPL Financial held 2,855 positions worth $10.5B, down 11% from $11.8B the previous quarter. Its ten largest holdings account for 17% of the portfolio.
LPL Financial withdrew a net $1.45B in Q3 2016, closing 222 positions and reducing 1,147 holdings. Its most notable exit was Vanguard Total Stock Market ETF, an estimated $930M position sold in full.
By sector, the portfolio is most concentrated in Financials at 2.9% of assets, up from 2.3% a quarter earlier, followed by Healthcare and Technology.
Against the trend, LPL Financial opened a new position in State Street Real Estate Select Sector SPDR ETF worth $10.6M.
- LPL Financial's largest Q3 2016 buy was State Street Real Estate Select Sector SPDR ETF: 334,043 shares worth $10.6M.
- LPL Financial added most to State Street SPDR S&P MIDCAP 400 ETF Trust in Q3 2016, an estimated $66.6M increase.
- LPL Financial's biggest Q3 2016 reduction was iShares Russell 1000 Growth ETF, cutting an estimated $260M.
- LPL Financial fully exited Vanguard Total Stock Market ETF in Q3 2016, selling an estimated $930M.
- LPL Financial's ten largest holdings make up 17% of its $10.5B portfolio in Q3 2016.
- LPL Financial opened 235 new positions and closed 222 in Q3 2016.
- LPL Financial's portfolio value fell 11% quarter-over-quarter to $10.5B.
Based on LPL Financial's 13F filing for Q3 2016, filed 16 Nov 2016.