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 Stock Market ETF
VTI
|
+$1.11B |
| 2 |
iShares Russell 1000 Growth ETF
IWF
|
+$278M |
| 3 |
Vanguard Intermediate-Term Corporate Bond ETF
VCIT
|
+$204M |
| 4 |
iShares Core MSCI EAFE ETF
IEFA
|
+$145M |
| 5 |
Vanguard Information Technology ETF
VGT
|
+$88.6M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
State Street SPDR Bloomberg International Treasury Bond ETF
BWX
|
+$46.9M |
| 2 |
State Street Utilities Select Sector SPDR ETF
XLU
|
+$45.4M |
| 3 |
iShares 20+ Year Treasury Bond ETF
TLT
|
+$39M |
| 4 |
iShares National Muni Bond ETF
MUB
|
+$36.8M |
| 5 |
iShares US Real Estate ETF
IYR
|
+$36.7M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Financials | 2.61% |
| 2 | Technology | 1.36% |
| 3 | Healthcare | 1.34% |
| 4 | Industrials | 1.16% |
| 5 | Energy | 1.08% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
2051
Grand Canyon Education
LOPE
$3.84B
| $338K | ﹤0.01% |
5,800
-267
| -4% | -$13.7K |
|
|
MVF
2052
DELISTED
BlackRock MuniVest Fund
MVF
| $337K | ﹤0.01% |
34,832
-3,205
| -8% | -$31.7K |
|
|
SONC
2053
DELISTED
Sonic Corp
SONC
| $337K | ﹤0.01% |
+12,915
| New | +$336K |
|
2054
Red Robin
RRGB
$136M
| $336K | ﹤0.01% |
6,168
-534
| -8% | -$26.8K |
|
|
XEC
2055
DELISTED
CIMAREX ENERGY CO
XEC
| $336K | ﹤0.01% |
2,419
+235
| +11% | +$31.5K |
|
2056
Acquirers Small and Micro Deep Value ETF
DEEP
$27.8M
| $335K | ﹤0.01% |
+12,506
| New | +$319K |
|
2057
Regal Rexnord
RRX
$14B
| $335K | ﹤0.01% |
4,763
-177
| -4% | -$11.7K |
|
2058
Ironwood Pharmaceuticals
IRWD
$644M
| $334K | ﹤0.01% |
26,801
+1,149
| +4% | +$14.5K |
|
2059
Nuveen Municipal Income
NMI
$131M
| $334K | ﹤0.01% |
29,842
+3,234
| +12% | +$38.2K |
|
|
HW
2060
DELISTED
Headwaters Inc
HW
| $334K | ﹤0.01% |
+14,297
| New | +$291K |
|
2061
Hartford Multifactor Developed Markets ex-US ETF
RODM
$1.61B
| $333K | ﹤0.01% |
+13,890
| New | +$333K |
|
|
GPOR
2062
DELISTED
Gulfport Energy Corp.
GPOR
| $333K | ﹤0.01% |
15,718
-2,566
| -14% | -$65.9K |
|
2063
Arch Capital
ACGL
$36.3B
| $332K | ﹤0.01% |
11,598
-1,218
| -10% | -$33.1K |
|
2064
OneSpan
OSPN
$562M
| $332K | ﹤0.01% |
23,732
-45,000
| -65% | -$677K |
|
|
SKX
2065
DELISTED
Skechers
SKX
| $332K | ﹤0.01% |
13,345
-1,288
| -9% | -$29.7K |
|
|
ACAS
2066
DELISTED
American Capital Ltd
ACAS
| $331K | ﹤0.01% |
18,379
-434
| -2% | -$7.47K |
|
2067
iShares Core US REIT ETF
USRT
$4.73B
| $330K | ﹤0.01% |
6,736
+1,354
| +25% | +$64.7K |
|
|
SXCP
2068
DELISTED
SunCoke Energy Partners, L.P.
SXCP
| $330K | ﹤0.01% |
+16,819
| New | +$312K |
|
2069
Analog Devices
ADI
$181B
| $329K | ﹤0.01% |
4,540
-199
| -4% | -$13.5K |
|
2070
Xtrackers Russell US Multifactor ETF
DEUS
$301M
| $329K | ﹤0.01% |
+12,136
| New | +$324K |
|
2071
iShares Core 10+ Year USD Bond ETF
ILTB
$599M
| $329K | ﹤0.01% |
5,428
-13,312
| -71% | -$829K |
|
|
USCR
2072
DELISTED
U S Concrete, Inc.
USCR
| $329K | ﹤0.01% |
+4,954
| New | +$276K |
|
2073
Hanover Insurance
THG
$7.68B
| $328K | ﹤0.01% |
3,599
-306
| -8% | -$25.5K |
|
|
GRX
2074
Gabelli Healthcare & Wellness Trust
GRX
$141M
| $327K | ﹤0.01% |
34,129
-167
| -0.5% | -$1.63K |
|
2075
Hain Celestial
HAIN
$46M
| $327K | ﹤0.01% |
8,351
+253
| +3% | +$9.48K |
|
Similar funds
LPL Financial's Q4 2016 Portfolio in Review
As of Q4 2016, LPL Financial held 2,896 positions worth $13.1B, up 25% from $10.5B the previous quarter. Its ten largest holdings account for 25% of the portfolio.
LPL Financial deployed $2.3B of net new capital in Q4 2016, opening 264 new positions and adding to 1,138 existing holdings. Its largest new stake was Vanguard Total Stock Market ETF: 9,825,004 shares worth $1.14B.
By sector, the portfolio is most concentrated in Financials at 2.6% of assets, down from 2.9% a quarter earlier, followed by Technology and Healthcare.
On the sell side, the largest reduction was State Street SPDR Bloomberg International Treasury Bond ETF, an estimated $46.9M trimmed.
- LPL Financial's largest Q4 2016 buy was Vanguard Total Stock Market ETF: 9,825,004 shares worth $1.14B.
- LPL Financial added most to iShares Russell 1000 Growth ETF in Q4 2016, an estimated $278M increase.
- LPL Financial's biggest Q4 2016 reduction was State Street SPDR Bloomberg International Treasury Bond ETF, cutting an estimated $46.9M.
- LPL Financial fully exited Credit Suisse X- Links Cushing MLP Infrastructure ETN's due April 20, 2020 in Q4 2016, selling an estimated $9.37M.
- LPL Financial's ten largest holdings make up 25% of its $13.1B portfolio in Q4 2016.
- LPL Financial opened 264 new positions and closed 226 in Q4 2016.
- LPL Financial's portfolio value rose 25% quarter-over-quarter to $13.1B.
Based on LPL Financial's 13F filing for Q4 2016, filed 13 Feb 2017.