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 Bond Market
BND
|
+$275M |
| 2 |
iShares US Treasury Bond ETF
GOVT
|
+$192M |
| 3 |
iShares MSCI USA Min Vol Factor ETF
USMV
|
+$188M |
| 4 |
iShares 20+ Year Treasury Bond ETF
TLT
|
+$131M |
| 5 |
State Street SPDR S&P 500 ETF Trust
SPY
|
+$118M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Invesco QQQ Trust
QQQ
|
+$300M |
| 2 |
iShares MBS ETF
MBB
|
+$280M |
| 3 |
State Street SPDR S&P MIDCAP 400 ETF Trust
MDY
|
+$262M |
| 4 |
Xtrackers MSCI EAFE Hedged Equity ETF
DBEF
|
+$114M |
| 5 |
State Street SPDR Bloomberg High Yield Bond ETF
JNK
|
+$95.5M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Healthcare | 2.88% |
| 2 | Technology | 2.67% |
| 3 | Financials | 2.58% |
| 4 | Industrials | 2.45% |
| 5 | Consumer Staples | 2.44% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
201
First Trust Mid Cap Core AlphaDEX Fund
FNX
$1.38B
| $31.9M | 0.09% |
655,464
-191,663
| -23% | -$8.78M |
|
202
Invesco Senior Loan ETF
BKLN
$7.1B
| $31.4M | 0.09% |
1,394,441
-538,673
| -28% | -$12M |
|
203
VanEck High Yield Muni ETF
HYD
$4.44B
| $31M | 0.09% |
496,504
-85,137
| -15% | -$5.3M |
|
|
AGN
204
DELISTED
Allergan plc
AGN
| $31M | 0.09% |
130,911
+23,160
| +21% | +$6.63M |
|
205
Kinder Morgan
KMI
$73.1B
| $30.8M | 0.09% |
1,809,857
+344,604
| +24% | +$5.64M |
|
206
First Trust Exchange-Traded Fund VI Multi-Asset Diversified Income Index Fund
MDIV
$429M
| $30.5M | 0.08% |
1,684,655
-119,111
| -7% | -$2.1M |
|
207
Invesco S&P 500 Pure Value ETF
RPV
$1.61B
| $30.3M | 0.08% |
614,259
-344,330
| -36% | -$16.1M |
|
208
First Trust US Equity Opportunities ETF
FPX
$1.51B
| $30.1M | 0.08% |
608,183
-309,836
| -34% | -$14.6M |
|
|
DWTR
209
DELISTED
Invesco DWA Tactical Sector Rotation ETF
DWTR
| $29.8M | 0.08% |
1,282,626
-18,094
| -1% | -$411K |
|
210
Duke Energy
DUK
$102B
| $29.3M | 0.08% |
366,842
+64,470
| +21% | +$4.88M |
|
211
General Mills
GIS
$19.2B
| $28.9M | 0.08% |
449,731
+24,939
| +6% | +$1.45M |
|
212
Invesco Emerging Markets Sovereign Debt ETF
PCY
$1.38B
| $28.6M | 0.08% |
1,008,325
-18,193
| -2% | -$499K |
|
213
First Trust North American Energy Infrastructure Fund
EMLP
$4.18B
| $28.2M | 0.08% |
1,337,906
+60,305
| +5% | +$1.22M |
|
214
Vanguard Russell 1000 Value ETF
VONV
$20.4B
| $28.1M | 0.08% |
658,518
+12,910
| +2% | +$529K |
|
215
Schwab US Large-Cap Growth ETF
SCHG
$58.5B
| $28M | 0.08% |
4,308,352
+93,792
| +2% | +$581K |
|
216
Costco
COST
$415B
| $27.8M | 0.08% |
178,359
-31,683
| -15% | -$4.8M |
|
217
United States Oil Fund
USO
$2.45B
| $27.8M | 0.08% |
380,304
+96,698
| +34% | +$7.22M |
|
218
iShares 3-7 Year Treasury Bond ETF
IEI
$18.1B
| $27.8M | 0.08% |
220,129
+34,104
| +18% | +$4.26M |
|
219
iShares US Transportation ETF
IYT
$2.33B
| $27.5M | 0.08% |
789,300
-1,131,500
| -59% | -$37M |
|
220
BP
BP
$113B
| $27.2M | 0.08% |
1,118,377
+98,047
| +10% | +$2.47M |
|
221
iShares Core S&P US Growth ETF
IUSG
$31.1B
| $27.2M | 0.08% |
674,084
+84,320
| +14% | +$3.24M |
|
|
RAI
222
DELISTED
Reynolds American Inc
RAI
| $27.2M | 0.08% |
538,187
-35,563
| -6% | -$1.75M |
|
223
iShares Short Maturity Bond ETF
NEAR
$4.8B
| $27.2M | 0.08% |
543,244
-99,076
| -15% | -$4.95M |
|
224
iShares MSCI Global Min Vol Factor ETF
ACWV
$3.26B
| $26.3M | 0.07% |
361,692
+65,347
| +22% | +$4.52M |
|
225
Eli Lilly
LLY
$1.07T
| $26.3M | 0.07% |
360,185
-55,174
| -13% | -$4.17M |
|
Similar funds
LPL Financial's Q1 2016 Portfolio in Review
As of Q1 2016, LPL Financial held 3,343 positions worth $35.9B, down 0.34% from $36.1B the previous quarter. Its ten largest holdings account for 22% of the portfolio.
LPL Financial's Q1 2016 filing shows 182 new, 1,288 increased, 1,485 reduced and 239 closed positions. Its largest new stake was Pacer Trendpilot European Index ETF: 322,758 shares worth $8.07M. The largest sale was Invesco QQQ Trust, an estimated $300M.
By sector, the portfolio is most concentrated in Healthcare at 2.9% of assets, down from 2.9% a quarter earlier, followed by Technology and Financials.
- LPL Financial's largest Q1 2016 buy was Pacer Trendpilot European Index ETF: 322,758 shares worth $8.07M.
- LPL Financial added most to Vanguard Total Bond Market in Q1 2016, an estimated $275M increase.
- LPL Financial's biggest Q1 2016 reduction was Invesco QQQ Trust, cutting an estimated $300M.
- LPL Financial fully exited WisdomTree Japan Hedged Health Care Fund in Q1 2016, selling an estimated $11.5M.
- LPL Financial's ten largest holdings make up 22% of its $35.9B portfolio in Q1 2016.
- LPL Financial opened 182 new positions and closed 239 in Q1 2016.
- LPL Financial's portfolio value fell 0.34% quarter-over-quarter to $35.9B.
Based on LPL Financial's 13F filing for Q1 2016, filed 16 May 2016.