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 | |
|---|---|---|---|---|---|---|
2001
Invesco Dorsey Wright Financial Momentum ETF
PFI
$59.5M
| $343K | ﹤0.01% |
11,415
-965
| -8% | -$30.1K |
|
2002
TAL Education Group
TAL
$5.86B
| $343K | ﹤0.01% |
29,346
-3,090
| -10% | -$32.6K |
|
|
VGR
2003
DELISTED
Vector Group Ltd.
VGR
| $343K | ﹤0.01% |
26,960
+3,759
| +16% | +$49.1K |
|
|
KSM
2004
DELISTED
DWS Strategic Municipal Income Trust
KSM
| $343K | ﹤0.01% |
24,492
+1,805
| +8% | +$26.3K |
|
2005
Pinnacle West Capital
PNW
$12.8B
| $342K | ﹤0.01% |
4,642
-1,383
| -23% | -$108K |
|
2006
Reinsurance Group of America
RGA
$15.7B
| $342K | ﹤0.01% |
3,192
-66
| -2% | -$6.74K |
|
|
LGF
2007
DELISTED
Lions Gate Entertainment
LGF
| $342K | ﹤0.01% |
16,408
-2,420
| -13% | -$49.6K |
|
2008
First Trust Dorsey Wright Focus 5 ETF
FV
$3.62B
| $341K | ﹤0.01% |
15,038
| – | – |
|
2009
Ironwood Pharmaceuticals
IRWD
$644M
| $340K | ﹤0.01% |
25,652
-666
| -3% | -$7.79K |
|
2010
RB Global
RBA
$21.7B
| $340K | ﹤0.01% |
9,674
+2,183
| +29% | +$71.2K |
|
|
DIVY
2011
DELISTED
Reality Shares DIVS ETF
DIVY
| $340K | ﹤0.01% |
14,099
-147,313
| -91% | -$3.53M |
|
2012
Arch Capital
ACGL
$36.3B
| $339K | ﹤0.01% |
12,816
+588
| +5% | +$15K |
|
2013
Criteo
CRTO
$1.05B
| $338K | ﹤0.01% |
9,234
-588
| -6% | -$23.3K |
|
|
EMO
2014
ClearBridge Energy Midstream Opportunity Fund
EMO
$1.06B
| $338K | ﹤0.01% |
5,203
+630
| +14% | +$41.1K |
|
2015
Helen of Troy
HELE
$658M
| $338K | ﹤0.01% |
3,912
-255
| -6% | -$23.9K |
|
|
SKX
2016
DELISTED
Skechers
SKX
| $338K | ﹤0.01% |
14,633
+548
| +4% | +$13.9K |
|
2017
Xylem
XYL
$28.6B
| $338K | ﹤0.01% |
6,465
-427
| -6% | -$20.9K |
|
2018
Ionis Pharmaceuticals
IONS
$9.25B
| $337K | ﹤0.01% |
+9,449
| New | +$296K |
|
2019
iShares Yield Optimized Bond ETF
BYLD
$448M
| $336K | ﹤0.01% |
13,346
+3,892
| +41% | +$98.1K |
|
2020
iShares Asia/Pacific Dividend ETF
DVYA
$70.6M
| $336K | ﹤0.01% |
7,264
+182
| +3% | +$8.37K |
|
2021
Nuveen Municipal Income
NMI
$131M
| $336K | ﹤0.01% |
26,608
-199
| -0.7% | -$2.52K |
|
2022
Otter Tail
OTTR
$3.87B
| $336K | ﹤0.01% |
+10,043
| New | +$347K |
|
|
SGEN
2023
DELISTED
Seagen Inc. Common Stock
SGEN
| $336K | ﹤0.01% |
+6,168
| New | +$292K |
|
|
NBD
2024
DELISTED
Nuveen Build Am Bond Opp Fd
NBD
| $335K | ﹤0.01% |
14,731
-7,796
| -35% | -$179K |
|
2025
Camden Property Trust
CPT
$11.2B
| $334K | ﹤0.01% |
4,051
-811
| -17% | -$70.9K |
|
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.