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 |
iShares S&P Mid-Cap 400 Value ETF
IJJ
|
+$19.2M |
| 2 |
MLPI
UBS E-TRACS Alerian MLP Infrastructure ETN
MLPI
|
+$15.3M |
| 3 |
Vanguard S&P 500 Value ETF
VOOV
|
+$12.3M |
| 4 |
iShares MSCI Emerging Markets Min Vol Factor ETF
EEMV
|
+$11.2M |
| 5 |
DWIN
Invesco DWA Tactical Multi-Asset Income ETF
DWIN
|
+$9.33M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Vanguard Total Bond Market
BND
|
+$1.07B |
| 2 |
Vanguard Total Stock Market ETF
VTI
|
+$878M |
| 3 |
iShares Core US Aggregate Bond ETF
AGG
|
+$829M |
| 4 |
Invesco QQQ Trust
QQQ
|
+$809M |
| 5 |
State Street SPDR S&P 500 ETF Trust
SPY
|
+$564M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Financials | 2.32% |
| 2 | Healthcare | 1.58% |
| 3 | Technology | 1.4% |
| 4 | Real Estate | 1.36% |
| 5 | Industrials | 1.14% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
2301
Genpact
G
$5.45B
| $222K | ﹤0.01% |
+8,257
| New | +$227K |
|
2302
Fresenius Medical Care
FMS
$13.4B
| $221K | ﹤0.01% |
+5,152
| New | +$222K |
|
|
DCP
2303
DELISTED
DCP Midstream, LP
DCP
| $221K | ﹤0.01% |
6,433
-9,773
| -60% | -$321K |
|
2304
American Eagle Outfitters
AEO
$2.98B
| $220K | ﹤0.01% |
13,788
-190,115
| -93% | -$2.9M |
|
|
WWAV
2305
DELISTED
The WhiteWave Foods Company
WWAV
| $220K | ﹤0.01% |
4,635
-30,294
| -87% | -$1.3M |
|
2306
Eli Lilly
LLY
$1.07T
| $219K | ﹤0.01% |
2,754
-357,431
| -99% | -$26.9M |
|
|
KHI
2307
DELISTED
Deutsche High Income Trust
KHI
| $219K | ﹤0.01% |
24,808
-24,750
| -50% | -$216K |
|
|
MINC
2308
DELISTED
AdvisorShares Newfleet Multi-Sector Income ETF
MINC
| $219K | ﹤0.01% |
4,481
-2,427
| -35% | -$118K |
|
|
NQS
2309
DELISTED
NUVEEN SELECT QUALITY MUNI FD
NQS
| $219K | ﹤0.01% |
14,071
-51,462
| -79% | -$779K |
|
2310
Veeva Systems
VEEV
$31.6B
| $218K | ﹤0.01% |
6,300
-6,707
| -52% | -$199K |
|
2311
Nuveen New York Quality Municipal Income Fund
NAN
$370M
| $216K | ﹤0.01% |
13,631
-13,605
| -50% | -$207K |
|
2312
Nu Skin
NUS
$250M
| $215K | ﹤0.01% |
4,625
-3,581
| -44% | -$144K |
|
|
MIW
2313
DELISTED
Eaton Vance Michigan Municipal Bond Fund
MIW
| $215K | ﹤0.01% |
13,682
-13,613
| -50% | -$209K |
|
2314
Brookdale Senior Living
BKD
$3.69B
| $214K | ﹤0.01% |
14,149
-3,655
| -21% | -$63.8K |
|
|
MENT
2315
DELISTED
Mentor Graphics Corp
MENT
| $214K | ﹤0.01% |
+10,398
| New | +$216K |
|
2316
Ingredion
INGR
$6.4B
| $213K | ﹤0.01% |
1,625
-3,231
| -67% | -$376K |
|
2317
Mercury Insurance
MCY
$6.01B
| $213K | ﹤0.01% |
4,003
-5,290
| -57% | -$278K |
|
|
WLL
2318
DELISTED
Whiting Petroleum Corporation
WLL
| $213K | ﹤0.01% |
84
-128
| -60% | -$423K |
|
2319
Assurant
AIZ
$13.7B
| $212K | ﹤0.01% |
2,480
-1,436
| -37% | -$121K |
|
2320
Genesco
GCO
$416M
| $212K | ﹤0.01% |
3,324
-1,736
| -34% | -$115K |
|
2321
SPS Commerce
SPSC
$2.41B
| $212K | ﹤0.01% |
+7,036
| New | +$182K |
|
2322
WisdomTree New Economy Real Estate Fund
WTRE
$15.6M
| $212K | ﹤0.01% |
7,866
-7,591
| -49% | -$205K |
|
|
DNI
2323
DELISTED
Dividend and Income Fund
DNI
| $212K | ﹤0.01% |
19,510
-13,282
| -41% | -$147K |
|
2324
Moog Inc Class A
MOG.A
$13.2B
| $211K | ﹤0.01% |
4,025
-2,675
| -40% | -$135K |
|
2325
Rogers Communications
RCI
$17.7B
| $211K | ﹤0.01% |
5,098
-6,464
| -56% | -$251K |
|
Similar funds
LPL Financial's Q2 2016 Portfolio in Review
As of Q2 2016, LPL Financial held 3,304 positions worth $11.8B, down 67% from $35.9B the previous quarter. Its ten largest holdings account for 24% of the portfolio.
LPL Financial withdrew a net $24.9B in Q2 2016, closing 680 positions and reducing 2,172 holdings. Its most notable exit was iShares Gold Trust, an estimated $144M position sold in full.
By sector, the portfolio is most concentrated in Financials at 2.3% of assets, down from 2.6% a quarter earlier, followed by Healthcare and Technology.
Against the trend, LPL Financial opened a new position in Xtrackers MSCI All World ex US Hedged Equity ETF worth $3.23M.
- LPL Financial's largest Q2 2016 buy was Xtrackers MSCI All World ex US Hedged Equity ETF: 150,365 shares worth $3.23M.
- LPL Financial added most to iShares S&P Mid-Cap 400 Value ETF in Q2 2016, an estimated $19.2M increase.
- LPL Financial's biggest Q2 2016 reduction was Vanguard Total Bond Market, cutting an estimated $1.07B.
- LPL Financial fully exited iShares Gold Trust in Q2 2016, selling an estimated $144M.
- LPL Financial's ten largest holdings make up 24% of its $11.8B portfolio in Q2 2016.
- LPL Financial opened 202 new positions and closed 680 in Q2 2016.
- LPL Financial's portfolio value fell 67% quarter-over-quarter to $11.8B.
Based on LPL Financial's 13F filing for Q2 2016, filed 15 Aug 2016.