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 S&P Mid-Cap 400 Value ETF
IJJ
|
+$19.2M |
| 2 |
MLPI
UBS E-TRACS Alerian MLP Infrastructure ETN
MLPI
|
+$15.3M |
| 3 |
Vanguard S&P 500 Value ETF
VOOV
|
+$12.3M |
| 4 |
iShares MSCI Emerging Markets Min Vol Factor ETF
EEMV
|
+$11.2M |
| 5 |
DWIN
Invesco DWA Tactical Multi-Asset Income ETF
DWIN
|
+$9.33M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Vanguard Total Bond Market
BND
|
+$1.07B |
| 2 |
Vanguard Total Stock Market ETF
VTI
|
+$878M |
| 3 |
iShares Core US Aggregate Bond ETF
AGG
|
+$829M |
| 4 |
Invesco QQQ Trust
QQQ
|
+$809M |
| 5 |
State Street SPDR S&P 500 ETF Trust
SPY
|
+$564M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Financials | 2.32% |
| 2 | Healthcare | 1.58% |
| 3 | Technology | 1.4% |
| 4 | Real Estate | 1.36% |
| 5 | Industrials | 1.14% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
2001
Edison International
EIX
$30.3B
| $318K | ﹤0.01% |
4,065
-28,116
| -87% | -$2.02M |
|
|
PNNT
2002
Pennant Park Investment Corp
PNNT
$219M
| $318K | ﹤0.01% |
45,996
+21,554
| +88% | +$139K |
|
|
ENLC
2003
DELISTED
ENLINK MIDSTREAM, LLC
ENLC
| $318K | ﹤0.01% |
20,610
-411
| -2% | -$5.87K |
|
|
RESP
2004
DELISTED
WisdomTree U.S. ESG Fund
RESP
| $318K | ﹤0.01% |
13,386
-25,146
| -65% | -$600K |
|
|
NFO
2005
DELISTED
Invesco Insider Sentiment ETF
NFO
| $318K | ﹤0.01% |
6,657
-6,697
| -50% | -$317K |
|
|
GWPH
2006
DELISTED
GW Pharmaceuticals Plc American Depositary Shares
GWPH
| $317K | ﹤0.01% |
3,415
-2,315
| -40% | -$195K |
|
2007
Credicorp
BAP
$31.1B
| $316K | ﹤0.01% |
+2,103
| New | +$301K |
|
2008
First Horizon
FHN
$12.1B
| $315K | ﹤0.01% |
23,710
-23,736
| -50% | -$329K |
|
2009
BJ's Restaurants
BJRI
$1.45B
| $314K | ﹤0.01% |
7,289
-1,889
| -21% | -$83.6K |
|
2010
Consolidated Water Co
CWCO
$472M
| $314K | ﹤0.01% |
24,002
-23,645
| -50% | -$314K |
|
2011
Diageo
DEO
$47.3B
| $314K | ﹤0.01% |
2,769
-60,625
| -96% | -$6.56M |
|
|
EXAS
2012
DELISTED
Exact Sciences
EXAS
| $314K | ﹤0.01% |
25,306
-12,666
| -33% | -$95.4K |
|
2013
Red Robin
RRGB
$136M
| $314K | ﹤0.01% |
6,558
+3,192
| +95% | +$184K |
|
|
ASA
2014
ASA Gold and Precious Metals
ASA
$962M
| $313K | ﹤0.01% |
19,292
-9,418
| -33% | -$118K |
|
|
BCV
2015
Bancroft Fund
BCV
$135M
| $313K | ﹤0.01% |
16,551
-16,536
| -50% | -$303K |
|
2016
Customers Bancorp
CUBI
$2.66B
| $313K | ﹤0.01% |
12,902
-13,552
| -51% | -$345K |
|
|
MPT
2017
Medical Properties Trust
MPT
$2.86B
| $313K | ﹤0.01% |
20,871
-264,772
| -93% | -$3.75M |
|
2018
Revvity
RVTY
$12.1B
| $313K | ﹤0.01% |
5,958
-4,710
| -44% | -$248K |
|
2019
WPP
WPP
$4.21B
| $313K | ﹤0.01% |
2,972
+1,026
| +53% | +$117K |
|
|
IM
2020
DELISTED
Ingram Micro
IM
| $313K | ﹤0.01% |
+8,964
| New | +$312K |
|
2021
Xylem
XYL
$28.6B
| $312K | ﹤0.01% |
6,892
-6,629
| -49% | -$288K |
|
2022
United Parks & Resorts
PRKS
$2.12B
| $312K | ﹤0.01% |
22,082
+5,382
| +32% | +$97.4K |
|
|
IBLN
2023
DELISTED
Direxion iBillionaire Index ETF
IBLN
| $312K | ﹤0.01% |
13,040
-19,452
| -60% | -$473K |
|
2024
Crocs
CROX
$6.69B
| $311K | ﹤0.01% |
+28,629
| New | +$278K |
|
|
AMWD
2025
DELISTED
American Woodmark
AMWD
| $310K | ﹤0.01% |
4,465
+885
| +25% | +$63.9K |
|
Similar funds
LPL Financial's Q2 2016 Portfolio in Review
As of Q2 2016, LPL Financial held 3,304 positions worth $11.8B, down 67% from $35.9B the previous quarter. Its ten largest holdings account for 24% of the portfolio.
LPL Financial withdrew a net $24.9B in Q2 2016, closing 680 positions and reducing 2,172 holdings. Its most notable exit was iShares Gold Trust, an estimated $144M position sold in full.
By sector, the portfolio is most concentrated in Financials at 2.3% of assets, down from 2.6% a quarter earlier, followed by Healthcare and Technology.
Against the trend, LPL Financial opened a new position in Xtrackers MSCI All World ex US Hedged Equity ETF worth $3.23M.
- LPL Financial's largest Q2 2016 buy was Xtrackers MSCI All World ex US Hedged Equity ETF: 150,365 shares worth $3.23M.
- LPL Financial added most to iShares S&P Mid-Cap 400 Value ETF in Q2 2016, an estimated $19.2M increase.
- LPL Financial's biggest Q2 2016 reduction was Vanguard Total Bond Market, cutting an estimated $1.07B.
- LPL Financial fully exited iShares Gold Trust in Q2 2016, selling an estimated $144M.
- LPL Financial's ten largest holdings make up 24% of its $11.8B portfolio in Q2 2016.
- LPL Financial opened 202 new positions and closed 680 in Q2 2016.
- LPL Financial's portfolio value fell 67% quarter-over-quarter to $11.8B.
Based on LPL Financial's 13F filing for Q2 2016, filed 15 Aug 2016.