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 | |
|---|---|---|---|---|---|---|
2101
Dorman Products
DORM
$4.08B
| $321K | ﹤0.01% |
4,391
-467
| -10% | -$31.9K |
|
2102
Fossil Group
FOSL
$249M
| $321K | ﹤0.01% |
12,160
+1,550
| +15% | +$46.6K |
|
|
COTV
2103
DELISTED
Cotiviti Holdings, Inc.
COTV
| $321K | ﹤0.01% |
+9,260
| New | +$307K |
|
|
ALE
2104
DELISTED
Allete
ALE
| $320K | ﹤0.01% |
5,032
-294
| -6% | -$18K |
|
2105
PIMCO Enhanced Low Duration Active Exchange-Traded Fund
LDUR
$1.37B
| $320K | ﹤0.01% |
+3,195
| New | +$321K |
|
2106
State Street
STT
$50.7B
| $320K | ﹤0.01% |
4,036
+142
| +4% | +$10.7K |
|
2107
Universal Insurance Holdings
UVE
$1.21B
| $320K | ﹤0.01% |
11,120
-15,784
| -59% | -$376K |
|
2108
Northern Trust
NTRS
$22.4B
| $319K | ﹤0.01% |
+3,566
| New | +$283K |
|
|
CBM
2109
DELISTED
Cambrex Corporation
CBM
| $319K | ﹤0.01% |
5,921
-3,239
| -35% | -$155K |
|
2110
Etsy
ETSY
$7.96B
| $318K | ﹤0.01% |
26,764
+827
| +3% | +$10.7K |
|
2111
Fidelity National Financial
FNF
$14B
| $318K | ﹤0.01% |
13,465
-29,676
| -69% | -$712K |
|
|
TEN
2112
Tsakos Energy Navigation Ltd
TEN
$1.18B
| $317K | ﹤0.01% |
13,060
-360
| -3% | -$8.48K |
|
2113
General Mills
GIS
$19.5B
| $316K | ﹤0.01% |
5,115
-12,608
| -71% | -$781K |
|
2114
Corning
GLW
$123B
| $316K | ﹤0.01% |
12,999
+157
| +1% | +$3.73K |
|
|
DHF
2115
BNY Mellon High Yield Strategies Fund
DHF
$170M
| $315K | ﹤0.01% |
93,950
-2,851
| -3% | -$9.35K |
|
|
MENT
2116
DELISTED
Mentor Graphics Corp
MENT
| $315K | ﹤0.01% |
8,550
-1,868
| -18% | -$61K |
|
|
ENH
2117
DELISTED
Endurance Specialty Holdings Ltd
ENH
| $315K | ﹤0.01% |
3,406
-3,680
| -52% | -$337K |
|
2118
First Internet Bancorp
INBK
$231M
| $314K | ﹤0.01% |
+9,882
| New | +$269K |
|
|
AKRX
2119
DELISTED
Akorn Inc
AKRX
| $314K | ﹤0.01% |
14,247
-3,522
| -20% | -$81K |
|
|
CYS
2120
DELISTED
CYS Investments Inc.
CYS
| $314K | ﹤0.01% |
39,500
-6,040
| -13% | -$49.2K |
|
2121
Lindblad Expeditions
LIND
$1.84B
| $313K | ﹤0.01% |
32,400
+1,700
| +6% | +$15.5K |
|
|
DDF
2122
DELISTED
Delaware Investments Dividend & Income Fund, Inc.
DDF
| $313K | ﹤0.01% |
31,128
-7,882
| -20% | -$76.5K |
|
|
FCCY
2123
DELISTED
1st Constitution Bancorp
FCCY
| $313K | ﹤0.01% |
+16,774
| New | +$251K |
|
2124
Preferred Bank
PFBC
$1.23B
| $312K | ﹤0.01% |
+6,042
| New | +$256K |
|
|
VRE
2125
DELISTED
Veris Residential
VRE
| $312K | ﹤0.01% |
10,815
-762
| -7% | -$20.4K |
|
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.