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 Value ETF
VTV
|
+$117M |
| 2 |
Vanguard Total Stock Market ETF
VTI
|
+$108M |
| 3 |
Vanguard FTSE Developed Markets ETF
VEA
|
+$102M |
| 4 |
iShares Core S&P Mid-Cap ETF
IJH
|
+$101M |
| 5 |
iShares Core S&P Small-Cap ETF
IJR
|
+$97.9M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
State Street Health Care Select Sector SPDR ETF
XLV
|
+$41.1M |
| 2 |
iShares Russell 1000 ETF
IWB
|
+$32.7M |
| 3 |
iShares 20+ Year Treasury Bond ETF
TLT
|
+$23.3M |
| 4 |
iShare MSCI Eurozone ETF
EZU
|
+$21.6M |
| 5 |
iShares US Real Estate ETF
IYR
|
+$18.9M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 2.98% |
| 2 | Financials | 2.85% |
| 3 | Industrials | 2.38% |
| 4 | Healthcare | 2.3% |
| 5 | Communication Services | 2.04% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
2026
Monro
MNRO
$537M
| $527K | ﹤0.01% |
9,217
-538
| -6% | -$28K |
|
|
WNS
2027
DELISTED
WNS Holdings
WNS
| $527K | ﹤0.01% |
13,123
-38
| -0.3% | -$1.49K |
|
2028
AES
AES
$10.6B
| $525K | ﹤0.01% |
48,483
+18,884
| +64% | +$204K |
|
|
FSFG
2029
DELISTED
First Savings Financial Group
FSFG
| $525K | ﹤0.01% |
27,603
-7,482
| -21% | -$140K |
|
2030
Icahn Enterprises
IEP
$5.26B
| $524K | ﹤0.01% |
9,883
+1,016
| +11% | +$55.2K |
|
2031
Louisiana-Pacific
LPX
$5.35B
| $524K | ﹤0.01% |
19,953
-1,698
| -8% | -$46K |
|
2032
Lennox International
LII
$18.9B
| $523K | ﹤0.01% |
2,513
-102
| -4% | -$19.9K |
|
2033
Unum
UNM
$14B
| $523K | ﹤0.01% |
9,533
-7,448
| -44% | -$400K |
|
|
ABLG
2034
Abacus FCF International Leaders ETF
ABLG
$15.8M
| $523K | ﹤0.01% |
+19,200
| New | +$512K |
|
|
AFB
2035
AllianceBernstein National Municipal Income Fund
AFB
$314M
| $522K | ﹤0.01% |
38,924
+1,460
| +4% | +$20K |
|
2036
Baker Hughes
BKR
$58B
| $521K | ﹤0.01% |
16,467
+2,084
| +14% | +$66.9K |
|
2037
Nexstar Media Group
NXST
$5.92B
| $521K | ﹤0.01% |
6,659
+936
| +16% | +$62.9K |
|
2038
ONE Gas
OGS
$5.06B
| $521K | ﹤0.01% |
7,114
+1,368
| +24% | +$104K |
|
2039
Molson Coors Class B
TAP
$7.97B
| $521K | ﹤0.01% |
6,354
+420
| +7% | +$34K |
|
2040
Lumentum
LITE
$50.7B
| $520K | ﹤0.01% |
10,631
-735
| -6% | -$41K |
|
|
TTM
2041
DELISTED
Tata Motors Limited
TTM
| $520K | ﹤0.01% |
15,722
-305
| -2% | -$9.86K |
|
|
JNPR
2042
DELISTED
Juniper Networks
JNPR
| $519K | ﹤0.01% |
18,198
-618
| -3% | -$16.7K |
|
2043
Tompkins Financial
TMP
$1.45B
| $518K | ﹤0.01% |
6,363
+348
| +6% | +$29.6K |
|
2044
Pembina Pipeline
PBA
$29B
| $517K | ﹤0.01% |
14,297
-6,216
| -30% | -$215K |
|
2045
Invesco Energy Exploration & Production ETF
PXE
$84.6M
| $517K | ﹤0.01% |
22,571
+2,743
| +14% | +$58.6K |
|
2046
Global X MSCI SuperDividend Emerging Markets ETF
SDEM
$44.6M
| $517K | ﹤0.01% |
+10,583
| New | +$504K |
|
2047
PUT
Dollar Tree
DLTR
$24.4B
| $515K | ﹤0.01% |
+4,800
| New | +$469K |
|
2048
Orion
OEC
$400M
| $515K | ﹤0.01% |
20,113
-50
| -0.2% | -$1.18K |
|
2049
Pinnacle West Capital
PNW
$12.8B
| $515K | ﹤0.01% |
6,041
+2,027
| +50% | +$179K |
|
2050
Grand Canyon Education
LOPE
$3.99B
| $514K | ﹤0.01% |
5,746
+395
| +7% | +$35.7K |
|
Similar funds
LPL Financial's Q4 2017 Portfolio in Review
As of Q4 2017, LPL Financial held 3,144 positions worth $32.9B, up 16% from $28.3B the previous quarter. Its ten largest holdings account for 24% of the portfolio.
LPL Financial deployed $3.28B of net new capital in Q4 2017, opening 280 new positions and adding to 1,728 existing holdings. Its largest new stake was Corporate Capital Trust, Inc.: 1,839,393 shares worth $29.4M.
By sector, the portfolio is most concentrated in Technology at 3% of assets, up from 3% a quarter earlier, followed by Financials and Industrials.
On the sell side, the largest reduction was State Street Health Care Select Sector SPDR ETF, an estimated $41.1M trimmed.
- LPL Financial's largest Q4 2017 buy was Corporate Capital Trust, Inc.: 1,839,393 shares worth $29.4M.
- LPL Financial added most to Vanguard Value ETF in Q4 2017, an estimated $117M increase.
- LPL Financial's biggest Q4 2017 reduction was State Street Health Care Select Sector SPDR ETF, cutting an estimated $41.1M.
- LPL Financial fully exited iShares iBonds Dec 2017 Term Corporate ETF in Q4 2017, selling an estimated $4.66M.
- LPL Financial's ten largest holdings make up 24% of its $32.9B portfolio in Q4 2017.
- LPL Financial opened 280 new positions and closed 123 in Q4 2017.
- LPL Financial's portfolio value rose 16% quarter-over-quarter to $32.9B.
Based on LPL Financial's 13F filing for Q4 2017, filed 14 Feb 2018.