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 | |
|---|---|---|---|---|---|---|
2076
Scotiabank
BNS
$106B
| $308K | ﹤0.01% |
5,859
+488
| +9% | +$25.2K |
|
|
SEM
2077
DELISTED
Select Medical
SEM
| $308K | ﹤0.01% |
41,348
+174
| +0.4% | +$1.11K |
|
|
LOCK
2078
DELISTED
LifeLock, Inc.
LOCK
| $307K | ﹤0.01% |
+18,545
| New | +$305K |
|
|
ALE
2079
DELISTED
Allete
ALE
| $306K | ﹤0.01% |
5,326
-6
| -0.1% | -$370 |
|
|
CGO
2080
Calamos Global Total Return Fund
CGO
$124M
| $306K | ﹤0.01% |
26,967
-19,348
| -42% | -$219K |
|
|
EUFX
2081
DELISTED
ProShares Short Euro
EUFX
| $306K | ﹤0.01% |
7,215
-4,550
| -39% | -$193K |
|
|
GHS
2082
DELISTED
REX Gold Hedged S&P 500 ETF
GHS
| $306K | ﹤0.01% |
+11,228
| New | +$322K |
|
|
PRXL
2083
DELISTED
Parexel International Corp
PRXL
| $306K | ﹤0.01% |
4,440
+706
| +19% | +$47.7K |
|
2084
Analog Devices
ADI
$181B
| $305K | ﹤0.01% |
4,739
-34,995
| -88% | -$2.17M |
|
2085
Texas Roadhouse
TXRH
$13.2B
| $305K | ﹤0.01% |
7,843
-719
| -8% | -$32.2K |
|
2086
Vishay Intertechnology
VSH
$5.7B
| $305K | ﹤0.01% |
22,003
+25
| +0.1% | +$336 |
|
2087
Diageo
DEO
$47.3B
| $304K | ﹤0.01% |
2,613
-156
| -6% | -$17.8K |
|
2088
Global Net Lease
GNL
$1.87B
| $304K | ﹤0.01% |
12,695
+1,961
| +18% | +$49.2K |
|
2089
International Flavors & Fragrances
IFF
$19.5B
| $304K | ﹤0.01% |
2,138
-267
| -11% | -$36.2K |
|
|
WRI
2090
DELISTED
Weingarten Realty Investors
WRI
| $304K | ﹤0.01% |
8,011
+356
| +5% | +$14.7K |
|
|
BSD
2091
DELISTED
The BlackRock Strategic Municipal Trust
BSD
| $304K | ﹤0.01% |
20,703
+950
| +5% | +$14.4K |
|
2092
Cheesecake Factory
CAKE
$4.32B
| $302K | ﹤0.01% |
5,998
+758
| +14% | +$38.7K |
|
2093
Vanguard Mid-Cap Value ETF
VOE
$23.8B
| $302K | ﹤0.01% |
3,265
| – | – |
|
2094
Corning
GLW
$123B
| $301K | ﹤0.01% |
12,842
-2,153
| -14% | -$48K |
|
2095
Hexcel
HXL
$8.28B
| $301K | ﹤0.01% |
6,836
-62
| -0.9% | -$2.71K |
|
|
MPT
2096
Medical Properties Trust
MPT
$2.86B
| $301K | ﹤0.01% |
20,807
-64
| -0.3% | -$969 |
|
2097
NVR
NVR
$16.9B
| $301K | ﹤0.01% |
+186
| New | +$317K |
|
2098
Zions Bancorporation
ZION
$10B
| $301K | ﹤0.01% |
+9,634
| New | +$274K |
|
|
AKP
2099
DELISTED
Alliance Californa Muni Fd
AKP
| $301K | ﹤0.01% |
19,724
| – | – |
|
2100
OceanFirst Financial
OCFC
$1.7B
| $300K | ﹤0.01% |
15,599
+300
| +2% | +$5.72K |
|
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.