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 Total Bond Market
BND
|
+$746M |
| 2 |
iShares Core S&P 500 ETF
IVV
|
+$672M |
| 3 |
iShares Core S&P Mid-Cap ETF
IJH
|
+$629M |
| 4 |
Invesco QQQ Trust
QQQ
|
+$493M |
| 5 |
iShares Core US Aggregate Bond ETF
AGG
|
+$411M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
State Street SPDR S&P MIDCAP 400 ETF Trust
MDY
|
+$86.2M |
| 2 |
iShares S&P Mid-Cap 400 Value ETF
IJJ
|
+$30.8M |
| 3 |
iShares Core S&P Small-Cap ETF
IJR
|
+$29.7M |
| 4 |
iShares S&P 500 Value ETF
IVE
|
+$26M |
| 5 |
iShares Currency Hedged MSCI Japan ETF
HEWJ
|
+$23.2M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Financials | 2.78% |
| 2 | Technology | 2.72% |
| 3 | Healthcare | 2.43% |
| 4 | Industrials | 2.36% |
| 5 | Communication Services | 2.05% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
2001
Cheesecake Factory
CAKE
$4.32B
| $422K | ﹤0.01% |
8,392
+4,831
| +136% | +$285K |
|
|
WNS
2002
DELISTED
WNS Holdings
WNS
| $422K | ﹤0.01% |
12,272
-7,764
| -39% | -$247K |
|
2003
Black Hills Corp
BKH
$5.68B
| $421K | ﹤0.01% |
6,233
+415
| +7% | +$28.6K |
|
|
TYG
2004
Tortoise Energy Infrastructure Corp
TYG
$1.11B
| $421K | ﹤0.01% |
3,466
-40,939
| -92% | -$5.32M |
|
|
AVTA
2005
DELISTED
Avantax, Inc. Common Stock
AVTA
| $421K | ﹤0.01% |
19,879
-5,415
| -21% | -$107K |
|
|
BRG
2006
DELISTED
Bluerock Residential Growth REIT, Inc.
BRG
| $421K | ﹤0.01% |
32,623
-26,813
| -45% | -$341K |
|
|
TCF
2007
DELISTED
TCF Financial Corporation
TCF
| $421K | ﹤0.01% |
26,410
+9,870
| +60% | +$159K |
|
|
INN
2008
Summit Hotel Properties
INN
$748M
| $420K | ﹤0.01% |
22,519
-13,889
| -38% | -$242K |
|
|
RDUS
2009
DELISTED
Radius Health, Inc.
RDUS
| $419K | ﹤0.01% |
9,257
+51
| +0.6% | +$1.95K |
|
|
GREK
2010
Global X MSCI Greece ETF
GREK
$292M
| $418K | ﹤0.01% |
13,784
+6,414
| +87% | +$176K |
|
2011
Sprott Junior Gold Miners ETF
SGDJ
$279M
| $418K | ﹤0.01% |
12,552
+334
| +3% | +$10.9K |
|
2012
Brunswick
BC
$5.24B
| $417K | ﹤0.01% |
6,651
-13
| -0.2% | -$757 |
|
2013
Otter Tail
OTTR
$3.87B
| $417K | ﹤0.01% |
10,528
+61
| +0.6% | +$2.4K |
|
2014
PVH
PVH
$3.87B
| $417K | ﹤0.01% |
3,643
+987
| +37% | +$102K |
|
2015
iShares Global Industrials ETF
EXI
$1.42B
| $416K | ﹤0.01% |
4,918
+1,753
| +55% | +$146K |
|
2016
GoDaddy
GDDY
$12.8B
| $416K | ﹤0.01% |
9,806
-3,268
| -25% | -$131K |
|
|
LGI
2017
Lazard Global Total Return & Income Fund
LGI
$235M
| $416K | ﹤0.01% |
25,407
+7,641
| +43% | +$121K |
|
2018
Jack in the Box
JACK
$299M
| $415K | ﹤0.01% |
4,215
+657
| +18% | +$67.8K |
|
2019
Sibanye-Stillwater
SBSW
$6.05B
| $415K | ﹤0.01% |
95,159
+24,395
| +34% | +$162K |
|
|
VIAB
2020
DELISTED
Viacom Inc. Class B
VIAB
| $415K | ﹤0.01% |
+12,374
| New | +$471K |
|
2021
Integra LifeSciences
IART
$1.52B
| $414K | ﹤0.01% |
8,051
+2,477
| +44% | +$118K |
|
|
FGP
2022
DELISTED
Ferrellgas Partners, L.P.
FGP
| $414K | ﹤0.01% |
90,300
+10,810
| +14% | +$60.4K |
|
2023
Quaker Houghton
KWR
$2.63B
| $413K | ﹤0.01% |
2,842
+392
| +16% | +$55.4K |
|
2024
Rapid7
RPD
$643M
| $413K | ﹤0.01% |
24,525
-100
| -0.4% | -$1.73K |
|
2025
Semtech
SMTC
$11.3B
| $413K | ﹤0.01% |
11,560
-6,748
| -37% | -$236K |
|
Similar funds
LPL Financial's Q2 2017 Portfolio in Review
As of Q2 2017, LPL Financial held 3,108 positions worth $26.4B, up 80% from $14.7B the previous quarter. Its ten largest holdings account for 24% of the portfolio.
LPL Financial deployed $11.3B of net new capital in Q2 2017, opening 409 new positions and adding to 1,228 existing holdings. Its largest new stake was State Street SPDR S&P Dividend ETF: 1,023,486 shares worth $91M.
By sector, the portfolio is most concentrated in Financials at 2.8% of assets, up from 2.4% a quarter earlier, followed by Technology and Healthcare.
On the sell side, the largest reduction was State Street SPDR S&P MIDCAP 400 ETF Trust, an estimated $86.2M trimmed.
- LPL Financial's largest Q2 2017 buy was State Street SPDR S&P Dividend ETF: 1,023,486 shares worth $91M.
- LPL Financial added most to Vanguard Total Bond Market in Q2 2017, an estimated $746M increase.
- LPL Financial's biggest Q2 2017 reduction was State Street SPDR S&P MIDCAP 400 ETF Trust, cutting an estimated $86.2M.
- LPL Financial fully exited Energy Transfer Partners L.p. in Q2 2017, selling an estimated $5.54M.
- LPL Financial's ten largest holdings make up 24% of its $26.4B portfolio in Q2 2017.
- LPL Financial opened 409 new positions and closed 314 in Q2 2017.
- LPL Financial's portfolio value rose 80% quarter-over-quarter to $26.4B.
Based on LPL Financial's 13F filing for Q2 2017, filed 14 Aug 2017.