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
|
+$118M |
| 2 |
iShares S&P 500 Value ETF
IVE
|
+$88.6M |
| 3 |
SPDR Gold Trust
GLD
|
+$49.2M |
| 4 |
iShares MSCI Emerging Markets ETF
EEM
|
+$41.6M |
| 5 |
FS KKR Capital
FSK
|
+$33.7M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
iShares MBS ETF
MBB
|
+$129M |
| 2 |
iShares Core S&P Small-Cap ETF
IJR
|
+$98.6M |
| 3 |
iShares S&P 500 Growth ETF
IVW
|
+$81.1M |
| 4 |
PIMCO Enhanced Short Maturity Active Exchange-Traded Fund
MINT
|
+$34M |
| 5 |
iShares iBoxx $ High Yield Corporate Bond ETF
HYG
|
+$25M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Energy | 3.14% |
| 2 | Technology | 3.06% |
| 3 | Financials | 2.97% |
| 4 | Healthcare | 2.73% |
| 5 | Industrials | 2.64% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
1
State Street SPDR S&P MIDCAP 400 ETF Trust
MDY
$26.6B
| $670M | 3.9% |
2,572,404
+116,371
| +5% | +$29.1M |
|
2
Vanguard Morningstar Total Stock Market ETF
VTI
$660B
| $664M | 3.87% |
6,527,303
+20,891
| +0.3% | +$2.06M |
|
|
3
State Street SPDR S&P 500 ETF Trust
SPY
$790B
| $426M | 2.48% |
2,178,109
+619,714
| +40% | +$118M |
|
4
Invesco QQQ Trust
QQQ
$453B
| $386M | 2.25% |
4,113,042
+344,026
| +9% | +$30.7M |
|
5
Invesco BuyBack Achievers ETF
PKW
$1.72B
| $266M | 1.55% |
5,940,619
-525,222
| -8% | -$23M |
|
6
State Street SPDR Bloomberg High Yield Bond ETF
JNK
$7.07B
| $203M | 1.18% |
1,619,909
-27,590
| -2% | -$3.43M |
|
7
iShares MSCI EAFE ETF
EFA
$78B
| $201M | 1.17% |
2,939,609
+327,278
| +13% | +$22.4M |
|
8
iShares Core US Aggregate Bond ETF
AGG
$137B
| $192M | 1.12% |
1,751,884
+130,647
| +8% | +$14.2M |
|
9
iShares Russell 1000 Growth ETF
IWF
$121B
| $191M | 1.11% |
8,403,600
+40,092
| +0.5% | +$880K |
|
10
Apple
AAPL
$4.54T
| $176M | 1.03% |
7,596,088
-472,840
| -6% | -$10.1M |
|
11
iShares Core S&P Mid-Cap ETF
IJH
$122B
| $175M | 1.02% |
6,099,875
-247,605
| -4% | -$6.8M |
|
12
Vanguard Total Bond Market
BND
$157B
| $174M | 1.01% |
2,111,413
+10,907
| +0.5% | +$891K |
|
13
iShares Core S&P 500 ETF
IVV
$878B
| $156M | 0.91% |
792,408
+25,059
| +3% | +$4.79M |
|
|
14
iShares S&P 500 Value ETF
IVE
$49B
| $149M | 0.87% |
1,654,854
+1,002,631
| +154% | +$88.6M |
|
15
iShares Russell 2000 ETF
IWM
$79.8B
| $148M | 0.86% |
1,246,960
-62,717
| -5% | -$7.12M |
|
16
Invesco S&P 500 Equal Weight ETF
RSP
$97B
| $144M | 0.84% |
1,875,272
+103,782
| +6% | +$7.69M |
|
17
Vanguard Dividend Appreciation ETF
VIG
$111B
| $131M | 0.76% |
1,678,359
-126,218
| -7% | -$9.65M |
|
18
Vanguard FTSE Emerging Markets ETF
VWO
$121B
| $129M | 0.75% |
3,001,586
-175,677
| -6% | -$7.4M |
|
|
19
iShares Core S&P Small-Cap ETF
IJR
$109B
| $127M | 0.74% |
2,259,206
-1,822,466
| -45% | -$98.6M |
|
20
iShares Russell 1000 Value ETF
IWD
$82.2B
| $124M | 0.72% |
1,224,909
+23,222
| +2% | +$2.28M |
|
21
iShares Preferred and Income Securities ETF
PFF
$13.3B
| $113M | 0.66% |
2,839,634
+303,470
| +12% | +$12M |
|
22
State Street Industrial Select Sector SPDR ETF
XLI
$32.8B
| $113M | 0.66% |
2,092,249
-45,677
| -2% | -$2.44M |
|
23
iShares iBoxx $ Investment Grade Corporate Bond ETF
LQD
$34.3B
| $112M | 0.65% |
935,738
-16,077
| -2% | -$1.9M |
|
24
iShares Select Dividend ETF
DVY
$23.5B
| $102M | 0.6% |
1,328,009
+33,893
| +3% | +$2.53M |
|
25
State Street Health Care Select Sector SPDR ETF
XLV
$41.9B
| $101M | 0.59% |
1,660,242
+4,374
| +0.3% | +$257K |
|
Similar funds
LPL Financial's Q2 2014 Portfolio in Review
As of Q2 2014, LPL Financial held 2,843 positions worth $17.2B, up 5.5% from $16.3B the previous quarter. Its ten largest holdings account for 20% of the portfolio.
LPL Financial's Q2 2014 filing shows 204 new, 1,214 increased, 1,177 reduced and 167 closed positions. Its largest new stake was FS KKR Capital: 815,533 shares worth $34.7M. The largest sale was iShares MBS ETF, an estimated $129M.
By sector, the portfolio is most concentrated in Energy at 3.1% of assets, up from 2.9% a quarter earlier, followed by Technology and Financials.
- LPL Financial's largest Q2 2014 buy was FS KKR Capital: 815,533 shares worth $34.7M.
- LPL Financial added most to State Street SPDR S&P 500 ETF Trust in Q2 2014, an estimated $118M increase.
- LPL Financial's biggest Q2 2014 reduction was iShares MBS ETF, cutting an estimated $129M.
- LPL Financial fully exited Invesco CurrencyShares Euro Currency Trust in Q2 2014, selling an estimated $6.53M.
- LPL Financial's ten largest holdings make up 20% of its $17.2B portfolio in Q2 2014.
- LPL Financial opened 204 new positions and closed 167 in Q2 2014.
- LPL Financial's portfolio value rose 5.5% quarter-over-quarter to $17.2B.
Based on LPL Financial's 13F filing for Q2 2014, filed 5 Aug 2014.