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
|
+$746M |
| 2 |
iShares Core S&P 500 ETF
IVV
|
+$672M |
| 3 |
iShares Core S&P Mid-Cap ETF
IJH
|
+$629M |
| 4 |
Invesco QQQ Trust
QQQ
|
+$493M |
| 5 |
iShares Core US Aggregate Bond ETF
AGG
|
+$411M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
State Street SPDR S&P MIDCAP 400 ETF Trust
MDY
|
+$86.2M |
| 2 |
iShares S&P Mid-Cap 400 Value ETF
IJJ
|
+$30.8M |
| 3 |
iShares Core S&P Small-Cap ETF
IJR
|
+$29.7M |
| 4 |
iShares S&P 500 Value ETF
IVE
|
+$26M |
| 5 |
iShares Currency Hedged MSCI Japan ETF
HEWJ
|
+$23.2M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Financials | 2.78% |
| 2 | Technology | 2.72% |
| 3 | Healthcare | 2.43% |
| 4 | Industrials | 2.36% |
| 5 | Communication Services | 2.05% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
201
CVS Health
CVS
$137B
| $22.9M | 0.09% |
285,124
+181,945
| +176% | +$14.4M |
|
202
First Trust Large Cap Growth AlphaDEX Fund
FTC
$1.31B
| $22.8M | 0.09% |
415,546
-29,771
| -7% | -$1.6M |
|
203
WisdomTree US SmallCap Dividend Fund
DES
$2.19B
| $22.6M | 0.09% |
841,914
-10,788
| -1% | -$290K |
|
204
Goldman Sachs ActiveBeta US Large Cap Equity ETF
GSLC
$15.2B
| $21.9M | 0.08% |
455,410
+18,183
| +4% | +$867K |
|
205
First Trust North American Energy Infrastructure Fund
EMLP
$4.18B
| $21.9M | 0.08% |
891,895
-57,965
| -6% | -$1.45M |
|
206
iShares US Medical Devices ETF
IHI
$3.02B
| $21.6M | 0.08% |
779,652
+141,234
| +22% | +$3.74M |
|
207
Caterpillar
CAT
$409B
| $21.5M | 0.08% |
199,855
+189,743
| +1,876% | +$19.3M |
|
208
Gilead Sciences
GILD
$161B
| $20.8M | 0.08% |
294,302
+223,972
| +318% | +$14.9M |
|
209
iShares MSCI Global Min Vol Factor ETF
ACWV
$3.26B
| $20.7M | 0.08% |
261,247
-6,675
| -2% | -$527K |
|
210
State Street SPDR S&P 400 Mid Cap Growth ETF
MDYG
$2.82B
| $20.6M | 0.08% |
430,905
+41,307
| +11% | +$1.95M |
|
211
Alibaba
BABA
$269B
| $20.5M | 0.08% |
145,707
+119,771
| +462% | +$14.8M |
|
212
iShares US Basic Materials ETF
IYM
$1.16B
| $20.4M | 0.08% |
227,833
-52,990
| -19% | -$4.71M |
|
213
VanEck JP Morgan EM Local Currency Bond ETF
EMLC
$4.74B
| $20.3M | 0.08% |
537,994
+248,127
| +86% | +$9.3M |
|
214
Citigroup
C
$222B
| $20.2M | 0.08% |
302,689
+212,437
| +235% | +$13M |
|
215
Vanguard Russell 1000 Growth ETF
VONG
$42.5B
| $20.2M | 0.08% |
664,820
+28,024
| +4% | +$843K |
|
216
First Trust RiverFront Dynamic Developed International ETF
RFDI
$161M
| $20.2M | 0.08% |
335,988
+56,948
| +20% | +$3.36M |
|
217
iShares US Financial Services ETF
IYG
$2.13B
| $20.2M | 0.08% |
533,559
+53,622
| +11% | +$1.95M |
|
218
Duke Energy
DUK
$102B
| $20.1M | 0.08% |
239,986
+227,303
| +1,792% | +$19.1M |
|
219
Walmart Inc
WMT
$871B
| $19.3M | 0.07% |
764,715
+700,467
| +1,090% | +$17.8M |
|
220
First Trust Senior Loan Fund ETF
FTSL
$2.31B
| $19.1M | 0.07% |
394,717
+5,883
| +2% | +$285K |
|
221
Invesco S&P SmallCap 600 Revenue ETF
RWJ
$2.03B
| $18.8M | 0.07% |
854,475
+1,716
| +0.2% | +$37.5K |
|
222
First Trust Mid Cap Core AlphaDEX Fund
FNX
$1.38B
| $18.8M | 0.07% |
317,661
-1,855
| -0.6% | -$109K |
|
223
iShares Silver Trust
SLV
$28.1B
| $18.7M | 0.07% |
1,192,165
+703,687
| +144% | +$11.5M |
|
224
General Mills
GIS
$19.2B
| $18.6M | 0.07% |
335,664
+330,665
| +6,615% | +$18.9M |
|
225
Pacer Trendpilot US Large Cap ETF
PTLC
$3.24B
| $18.6M | 0.07% |
714,929
+74,944
| +12% | +$1.92M |
|
Similar funds
LPL Financial's Q2 2017 Portfolio in Review
As of Q2 2017, LPL Financial held 3,108 positions worth $26.4B, up 80% from $14.7B the previous quarter. Its ten largest holdings account for 24% of the portfolio.
LPL Financial deployed $11.3B of net new capital in Q2 2017, opening 409 new positions and adding to 1,228 existing holdings. Its largest new stake was State Street SPDR S&P Dividend ETF: 1,023,486 shares worth $91M.
By sector, the portfolio is most concentrated in Financials at 2.8% of assets, up from 2.4% a quarter earlier, followed by Technology and Healthcare.
On the sell side, the largest reduction was State Street SPDR S&P MIDCAP 400 ETF Trust, an estimated $86.2M trimmed.
- LPL Financial's largest Q2 2017 buy was State Street SPDR S&P Dividend ETF: 1,023,486 shares worth $91M.
- LPL Financial added most to Vanguard Total Bond Market in Q2 2017, an estimated $746M increase.
- LPL Financial's biggest Q2 2017 reduction was State Street SPDR S&P MIDCAP 400 ETF Trust, cutting an estimated $86.2M.
- LPL Financial fully exited Energy Transfer Partners L.p. in Q2 2017, selling an estimated $5.54M.
- LPL Financial's ten largest holdings make up 24% of its $26.4B portfolio in Q2 2017.
- LPL Financial opened 409 new positions and closed 314 in Q2 2017.
- LPL Financial's portfolio value rose 80% quarter-over-quarter to $26.4B.
Based on LPL Financial's 13F filing for Q2 2017, filed 14 Aug 2017.