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 500 ETF Trust
SPY
|
+$266M |
| 2 |
iShare MSCI Eurozone ETF
EZU
|
+$69.4M |
| 3 |
iShares Russell 1000 ETF
IWB
|
+$62M |
| 4 |
Vanguard Total Stock Market ETF
VTI
|
+$49.8M |
| 5 |
Invesco QQQ Trust
QQQ
|
+$44.5M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
State Street SPDR S&P MIDCAP 400 ETF Trust
MDY
|
+$223M |
| 2 |
iShares Europe ETF
IEV
|
+$80M |
| 3 |
iShares Core US Aggregate Bond ETF
AGG
|
+$52.5M |
| 4 |
Invesco BuyBack Achievers ETF
PKW
|
+$49.2M |
| 5 |
iShares MSCI Emerging Markets ETF
EEM
|
+$43.9M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 3.13% |
| 2 | Financials | 3.12% |
| 3 | Energy | 2.94% |
| 4 | Healthcare | 2.93% |
| 5 | Industrials | 2.66% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
ETP
201
DELISTED
Energy Transfer Partners L.p.
ETP
| $16M | 0.1% |
247,241
+5,188
| +2% | +$300K |
|
202
Invesco Zacks Multi-Asset Income ETF
CVY
$123M
| $15.6M | 0.09% |
645,866
+4,359
| +0.7% | +$112K |
|
203
Abbott
ABT
$180B
| $15.6M | 0.09% |
378,581
-51,201
| -12% | -$2.17M |
|
204
Caterpillar
CAT
$409B
| $15.4M | 0.09% |
157,864
+1,108
| +0.7% | +$117K |
|
205
Invesco S&P 500 Equal Weight Industrials ETF
RSPN
$1.1B
| $15.3M | 0.09% |
915,995
+32,845
| +4% | +$566K |
|
206
Duke Energy
DUK
$102B
| $15.2M | 0.09% |
202,063
+4,725
| +2% | +$345K |
|
207
First Trust Consumer Discretionary AlphaDEX Fund
FXD
$263M
| $15.1M | 0.09% |
473,230
+88,477
| +23% | +$2.94M |
|
208
Kinder Morgan
KMI
$73.1B
| $15M | 0.09% |
393,054
+1,336
| +0.3% | +$50.8K |
|
209
First Trust Exchange-Traded Fund VI Multi-Asset Diversified Income Index Fund
MDIV
$429M
| $15M | 0.09% |
698,378
-1,774
| -0.3% | -$39.1K |
|
210
WisdomTree US MidCap Fund
EZM
$937M
| $14.9M | 0.09% |
518,133
-23,148
| -4% | -$700K |
|
211
Costco
COST
$415B
| $14.8M | 0.09% |
118,544
+19,913
| +20% | +$2.41M |
|
|
VPU
212
Vanguard Utilities ETF
VPU
$8.83B
| $14.7M | 0.09% |
160,532
+7,924
| +5% | +$733K |
|
|
VER
213
DELISTED
VEREIT, Inc.
VER
| $14.7M | 0.09% |
243,874
-3,393
| -1% | -$218K |
|
214
First Trust Small Cap Core AlphaDEX Fund
FYX
$1.36B
| $14.5M | 0.09% |
330,037
+3,924
| +1% | +$186K |
|
|
WBA
215
DELISTED
Walgreens Boots Alliance
WBA
| $14.5M | 0.09% |
246,111
+97,611
| +66% | +$6.4M |
|
216
WisdomTree Emerging Markets High Dividend Fund
DEM
$3.88B
| $14.5M | 0.09% |
308,810
+50,369
| +19% | +$2.62M |
|
217
First Trust Dow Jones Internet Index Fund ETF
FDN
$4.86B
| $14.5M | 0.09% |
242,130
-15,568
| -6% | -$942K |
|
|
AMJ
218
DELISTED
JP Morgan Alerian MLP Index ETN 5/24/24
AMJ
| $14.4M | 0.09% |
274,357
+10,455
| +4% | +$548K |
|
219
BP
BP
$113B
| $14.3M | 0.09% |
401,228
+33,705
| +9% | +$1.34M |
|
220
CVS Health
CVS
$137B
| $14.3M | 0.09% |
180,671
+2,167
| +1% | +$171K |
|
221
WisdomTree US SmallCap Dividend Fund
DES
$2.19B
| $14M | 0.08% |
653,475
-12,558
| -2% | -$285K |
|
222
WisdomTree US MidCap Dividend Fund
DON
$4.03B
| $14M | 0.08% |
541,242
+29,199
| +6% | +$785K |
|
223
State Street SPDR Bloomberg Convertible Securities ETF
CWB
$5.64B
| $13.9M | 0.08% |
285,312
+36,588
| +15% | +$1.84M |
|
|
ESRX
224
DELISTED
Express Scripts Holding Company
ESRX
| $13.9M | 0.08% |
198,771
-3,620
| -2% | -$258K |
|
225
Oracle
ORCL
$331B
| $13.8M | 0.08% |
362,899
-44,788
| -11% | -$1.81M |
|
Similar funds
LPL Financial's Q3 2014 Portfolio in Review
As of Q3 2014, LPL Financial held 2,870 positions worth $16.8B, down 2.3% from $17.2B the previous quarter. Its ten largest holdings account for 20% of the portfolio.
LPL Financial's Q3 2014 filing shows 194 new, 1,224 increased, 1,195 reduced and 174 closed positions. Its largest new stake was WisdomTree Trust WisdomTree Interest Rate Hedged US Aggregate Bond Fund: 685,236 shares worth $17M. The largest sale was State Street SPDR S&P MIDCAP 400 ETF Trust, an estimated $223M.
By sector, the portfolio is most concentrated in Technology at 3.1% of assets, up from 3.1% a quarter earlier, followed by Financials and Energy.
- LPL Financial's largest Q3 2014 buy was WisdomTree Trust WisdomTree Interest Rate Hedged US Aggregate Bond Fund: 685,236 shares worth $17M.
- LPL Financial added most to State Street SPDR S&P 500 ETF Trust in Q3 2014, an estimated $266M increase.
- LPL Financial's biggest Q3 2014 reduction was State Street SPDR S&P MIDCAP 400 ETF Trust, cutting an estimated $223M.
- LPL Financial fully exited iShares MSCI France ETF in Q3 2014, selling an estimated $15.9M.
- LPL Financial's ten largest holdings make up 20% of its $16.8B portfolio in Q3 2014.
- LPL Financial opened 194 new positions and closed 174 in Q3 2014.
- LPL Financial's portfolio value fell 2.3% quarter-over-quarter to $16.8B.
Based on LPL Financial's 13F filing for Q3 2014, filed 10 Nov 2014.