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 Morningstar Total Stock Market ETF
VTI
|
+$904M |
| 2 |
Invesco QQQ Trust
QQQ
|
+$640M |
| 3 |
iShares Core US Aggregate Bond ETF
AGG
|
+$579M |
| 4 |
Vanguard Total Bond Market
BND
|
+$540M |
| 5 |
State Street SPDR S&P 500 ETF Trust
SPY
|
+$472M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
iShares Currency Hedged MSCI Japan ETF
HEWJ
|
+$12.8M |
| 2 |
State Street SPDR Bloomberg Short Term High Yield Bond ETF
SJNK
|
+$12.5M |
| 3 |
XIV
VelocityShares Daily Inverse VIX Short Term ETN
XIV
|
+$8.56M |
| 4 |
State Street SPDR S&P Transportation ETF
XTN
|
+$4.43M |
| 5 |
iShares MSCI Japan ETF
EWJ
|
+$4.41M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Healthcare | 2.89% |
| 2 | Financials | 2.66% |
| 3 | Technology | 2.63% |
| 4 | Industrials | 2.33% |
| 5 | Consumer Staples | 2.29% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
201
State Street SPDR S&P Biotech ETF
XBI
$9.95B
| $33.6M | 0.09% |
500,321
+251,254
| +101% | +$17.1M |
|
202
Costco
COST
$422B
| $33.6M | 0.09% |
210,042
+80,248
| +62% | +$12.7M |
|
203
Ford
F
$58.5B
| $33.5M | 0.09% |
2,439,751
+1,054,256
| +76% | +$15.3M |
|
|
AGN
204
DELISTED
Allergan plc
AGN
| $33.3M | 0.09% |
107,751
+56,144
| +109% | +$16.7M |
|
205
First Trust Exchange-Traded Fund VI Multi-Asset Diversified Income Index Fund
MDIV
$429M
| $33.2M | 0.09% |
1,803,766
+870,782
| +93% | +$16.3M |
|
206
ProShares Short S&P500
SH
$907M
| $33M | 0.09% |
195,007
+110,263
| +130% | +$18.5M |
|
207
Vanguard Energy ETF
VDE
$10.1B
| $32.7M | 0.09% |
392,285
+241,938
| +161% | +$22.1M |
|
208
Vanguard Consumer Discretionary ETF
VCR
$6.15B
| $32.6M | 0.09% |
271,535
+167,819
| +162% | +$20.9M |
|
209
iShares Short Maturity Bond ETF
NEAR
$4.83B
| $32.1M | 0.09% |
642,320
+312,454
| +95% | +$15.6M |
|
210
AbbVie
ABBV
$443B
| $31.9M | 0.09% |
555,368
+170,560
| +44% | +$9.82M |
|
|
DWTR
211
DELISTED
Invesco DWA Tactical Sector Rotation ETF
DWTR
| $31.8M | 0.09% |
+1,300,720
| New | +$33.4M |
|
212
Walmart Inc
WMT
$885B
| $31.5M | 0.09% |
1,501,821
+988,965
| +193% | +$19.8M |
|
213
First Trust Consumer Discretionary AlphaDEX Fund
FXD
$269M
| $30.7M | 0.09% |
913,014
+409,288
| +81% | +$14.4M |
|
214
Northrop Grumman
NOC
$77.1B
| $30.3M | 0.08% |
157,509
+82,865
| +111% | +$15.2M |
|
215
iShares US Consumer Staples ETF
IYK
$1.4B
| $29.6M | 0.08% |
829,674
+517,044
| +165% | +$18.7M |
|
216
VictoryShares US EQ Income Enhanced Volatility Wtd ETF
CDC
$738M
| $29.6M | 0.08% |
817,584
+442,954
| +118% | +$15.9M |
|
217
Cisco
CSCO
$457B
| $29.5M | 0.08% |
1,122,787
+502,801
| +81% | +$13.9M |
|
218
Invesco S&P 500 High Dividend Low Volatility ETF
SPHD
$3.34B
| $29.4M | 0.08% |
881,879
+496,504
| +129% | +$16.4M |
|
219
First Trust Financials AlphaDEX Fund
FXO
$1.13B
| $28.3M | 0.08% |
1,232,441
+570,794
| +86% | +$13.5M |
|
220
Honeywell
HON
$77B
| $28.2M | 0.08% |
303,150
+97,401
| +47% | +$8.93M |
|
221
Invesco Emerging Markets Sovereign Debt ETF
PCY
$1.38B
| $28.1M | 0.08% |
1,026,518
+348,624
| +51% | +$9.7M |
|
222
iShares MSCI United Kingdom ETF
EWU
$4.14B
| $27.6M | 0.08% |
871,123
+401,199
| +85% | +$13.6M |
|
223
Vanguard Russell 1000 Value ETF
VONV
$20.7B
| $27.4M | 0.08% |
645,608
+330,850
| +105% | +$14.4M |
|
224
Schwab US Large-Cap Growth ETF
SCHG
$59.8B
| $27.3M | 0.08% |
4,214,560
+2,228,648
| +112% | +$14.9M |
|
225
ProShares Trust UltraShort Lehman 20+ Year Treasury
TBT
$304M
| $27M | 0.07% |
616,636
+281,595
| +84% | +$12.4M |
|
Similar funds
LPL Financial's Q4 2015 Portfolio in Review
As of Q4 2015, LPL Financial held 3,338 positions worth $36.1B, up 99% from $18.2B the previous quarter. Its ten largest holdings account for 22% of the portfolio.
LPL Financial deployed $18.4B of net new capital in Q4 2015, opening 550 new positions and adding to 2,405 existing holdings. Its largest new stake was Alphabet (Google) Class A: 1,817,600 shares worth $69.2M.
By sector, the portfolio is most concentrated in Healthcare at 2.9% of assets, down from 3.1% a quarter earlier, followed by Financials and Technology.
On the sell side, the largest reduction was iShares Currency Hedged MSCI Japan ETF, an estimated $12.8M trimmed.
- LPL Financial's largest Q4 2015 buy was Alphabet (Google) Class A: 1,817,600 shares worth $69.2M.
- LPL Financial added most to Vanguard Morningstar Total Stock Market ETF in Q4 2015, an estimated $904M increase.
- LPL Financial's biggest Q4 2015 reduction was iShares Currency Hedged MSCI Japan ETF, cutting an estimated $12.8M.
- LPL Financial fully exited COMCAST CORP SPL A (NEW) in Q4 2015, selling an estimated $4.02M.
- LPL Financial's ten largest holdings make up 22% of its $36.1B portfolio in Q4 2015.
- LPL Financial opened 550 new positions and closed 178 in Q4 2015.
- LPL Financial's portfolio value rose 99% quarter-over-quarter to $36.1B.
Based on LPL Financial's 13F filing for Q4 2015, filed 12 Feb 2016.