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 |
iShares MBS ETF
MBB
|
+$122M |
| 2 |
iShares S&P Mid-Cap 400 Growth ETF
IJK
|
+$102M |
| 3 |
State Street SPDR S&P MIDCAP 400 ETF Trust
MDY
|
+$91.9M |
| 4 |
State Street Consumer Discretionary Select Sector SPDR ETF
XLY
|
+$82.5M |
| 5 |
iShares Russell 2000 ETF
IWM
|
+$73.4M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
State Street SPDR S&P 500 ETF Trust
SPY
|
+$204M |
| 2 |
iShares S&P 500 Value ETF
IVE
|
+$91.1M |
| 3 |
Vanguard Short-Term Corporate Bond ETF
VCSH
|
+$56.8M |
| 4 |
iShares Currency Hedged MSCI Japan ETF
HEWJ
|
+$39.5M |
| 5 |
Vanguard FTSE Developed Markets ETF
VEA
|
+$35.2M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 3.11% |
| 2 | Healthcare | 3.02% |
| 3 | Financials | 3.02% |
| 4 | Industrials | 2.53% |
| 5 | Energy | 2.19% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
TLMR
2001
DELISTED
TALMER BANCORP INC (MI)
TLMR
| $395K | ﹤0.01% |
25,750
-30,368
| -54% | -$427K |
|
2002
National Fuel Gas
NFG
$7.69B
| $394K | ﹤0.01% |
6,480
+2,123
| +49% | +$136K |
|
2003
Agilent Technologies
A
$39.6B
| $393K | ﹤0.01% |
9,492
+317
| +3% | +$12.8K |
|
2004
Cal-Maine
CALM
$4.43B
| $392K | ﹤0.01% |
10,021
-5,208
| -34% | -$192K |
|
|
Y
2005
DELISTED
Alleghany Corp
Y
| $390K | ﹤0.01% |
796
-64
| -7% | -$29.9K |
|
2006
WisdomTree Trust WisdomTree US SmallCap Quality Dividend Growth Fund
DGRS
$407M
| $389K | ﹤0.01% |
12,952
+2,095
| +19% | +$60.9K |
|
|
HI
2007
DELISTED
Hillenbrand
HI
| $389K | ﹤0.01% |
+12,532
| New | +$394K |
|
2008
Roper Technologies
ROP
$40.4B
| $389K | ﹤0.01% |
2,291
-187
| -8% | -$30.3K |
|
2009
Vanguard Emerging Markets Government Bond ETF
VWOB
$6.14B
| $389K | ﹤0.01% |
4,992
-3,864
| -44% | -$297K |
|
|
IRY
2010
DELISTED
SPDR S&P International Health Care Sector
IRY
| $389K | ﹤0.01% |
7,508
+628
| +9% | +$31.3K |
|
2011
Brookfield
BN
$102B
| $388K | ﹤0.01% |
31,057
+3,861
| +14% | +$47.9K |
|
|
BSL
2012
Blackstone Senior Floating Rate 2027 Term Fund
BSL
$168M
| $388K | ﹤0.01% |
22,506
+4,224
| +23% | +$71.4K |
|
2013
SM Energy
SM
$7.6B
| $388K | ﹤0.01% |
+7,385
| New | +$321K |
|
2014
United States 12 Month Oil Fund,
USL
$45.7M
| $388K | ﹤0.01% |
15,755
+7,465
| +90% | +$186K |
|
|
IMVP
2015
Invesco India ETF
IMVP
$124M
| $387K | ﹤0.01% |
16,899
-12,009
| -42% | -$271K |
|
2016
Zoetis
ZTS
$32.7B
| $387K | ﹤0.01% |
8,362
-1,780
| -18% | -$80.3K |
|
|
ALTR
2017
DELISTED
Altera Corp
ALTR
| $387K | ﹤0.01% |
9,118
-511
| -5% | -$18.3K |
|
|
TSLF
2018
DELISTED
THL CREDIT SENIOR LOAN FUND
TSLF
| $386K | ﹤0.01% |
+20,521
| New | +$362K |
|
|
AYR
2019
DELISTED
Aircastle Ltd
AYR
| $386K | ﹤0.01% |
16,833
-34
| -0.2% | -$739 |
|
|
GNMX
2020
DELISTED
Aevi Genomic Medicine Inc
GNMX
| $386K | ﹤0.01% |
47,697
-550
| -1% | -$4.15K |
|
2021
Axos Financial
AX
$5.58B
| $385K | ﹤0.01% |
16,872
+1,352
| +9% | +$29.7K |
|
2022
T-Mobile US
TMUS
$195B
| $385K | ﹤0.01% |
12,173
+1,085
| +10% | +$33.8K |
|
|
LVL
2023
DELISTED
Invesco S&P Global Dividend Opportunities Index ETF
LVL
| $385K | ﹤0.01% |
33,779
-3,903
| -10% | -$45K |
|
2024
ArcBest
ARCB
$3.15B
| $384K | ﹤0.01% |
10,043
+761
| +8% | +$30.8K |
|
2025
Pinnacle West Capital
PNW
$12.4B
| $384K | ﹤0.01% |
6,000
-1,054
| -15% | -$70.3K |
|
Similar funds
LPL Financial's Q1 2015 Portfolio in Review
As of Q1 2015, LPL Financial held 2,944 positions worth $19.6B, up 7.2% from $18.3B the previous quarter. Its ten largest holdings account for 21% of the portfolio.
LPL Financial deployed $1.03B of net new capital in Q1 2015, opening 222 new positions and adding to 1,353 existing holdings. Its largest new stake was iShares Currency Hedged MSCI Eurozone ETF: 670,641 shares worth $19.7M.
By sector, the portfolio is most concentrated in Technology at 3.1% of assets, down from 3.2% a quarter earlier, followed by Healthcare and Financials.
On the sell side, the largest reduction was State Street SPDR S&P 500 ETF Trust, an estimated $204M trimmed.
- LPL Financial's largest Q1 2015 buy was iShares Currency Hedged MSCI Eurozone ETF: 670,641 shares worth $19.7M.
- LPL Financial added most to iShares MBS ETF in Q1 2015, an estimated $122M increase.
- LPL Financial's biggest Q1 2015 reduction was State Street SPDR S&P 500 ETF Trust, cutting an estimated $204M.
- LPL Financial fully exited Allergan Inc in Q1 2015, selling an estimated $9.23M.
- LPL Financial's ten largest holdings make up 21% of its $19.6B portfolio in Q1 2015.
- LPL Financial opened 222 new positions and closed 165 in Q1 2015.
- LPL Financial's portfolio value rose 7.2% quarter-over-quarter to $19.6B.
Based on LPL Financial's 13F filing for Q1 2015, filed 14 May 2015.