State of Michigan Retirement System’s LPL Financial LPLA Stock Holding History

State of Michigan Retirement System’s Portfolio LPLA Stock Details LPLA Fund Activity

Bought

Maintained

Sold

Quarter	Market Value	Status	Shares	Change in Stake	Trade Value	Portfolio Weight	Portfolio Position
2025 Q2	–	Sell	-1,100	Closed	-$360K	–	947
2025 Q1	$360K	Hold	1,100	–	–	﹤0.01%	938
2024 Q4	$359K	Sell	1,100 -300	-21%	-$88.7K	﹤0.01%	946
2024 Q3	$326K	Hold	1,400	–	–	﹤0.01%	946
2024 Q2	$391K	Sell	1,400 -300	-18%	-$81.4K	﹤0.01%	941
2024 Q1	$449K	Hold	1,700	–	–	﹤0.01%	942
2023 Q4	$387K	Buy	1,700 +300	+21%	+$67.4K	﹤0.01%	948
2023 Q3	$333K	Sell	1,400 -300	-18%	-$69.7K	﹤0.01%	953
2023 Q2	$370K	Buy	+1,700	New	+$340K	﹤0.01%	954
2013 Q4	–	Sell	-20,000	Closed	-$766K	–	951
2013 Q3	$766K	Buy	+20,000	New	+$765K	0.01%	895

Other funds holding LPLA

Vanguard Group Malvern, Pennsylvania $6.9T AUM 27.45% 1-Year Est. Return

BlackRock New York $6.73T AUM 46.02% 1-Year Est. Return

Boston Partners Boston, Massachusetts $113B AUM 38.87% 1-Year Est. Return

Janus Henderson Group London $209B AUM 37.72% 1-Year Est. Return

Dodge & Cox San Francisco, California $191B AUM 17.5% 1-Year Est. Return

Kayne Anderson Rudnick Investment Management Los Angeles, California $32.2B AUM 10.98% 1-Year Est. Return

Fidelity Investments Boston, Massachusetts $2.3T AUM 54.33% 1-Year Est. Return

Massachusetts Financial Services Boston, Massachusetts $315B AUM 27.84% 1-Year Est. Return

Lone Pine Capital Greenwich, Connecticut $16.4B AUM 99.7% 1-Year Est. Return

State Street Boston, Massachusetts $3.38T AUM 44.17% 1-Year Est. Return

State of Michigan Retirement System's LPLA Position: Q2 2025 in Review

State of Michigan Retirement System sold out of LPL Financial (LPLA) in Q2 2025, closing a stake of 1,100 shares — an estimated $360K sold.

State of Michigan Retirement System first reported a position in LPLA in Q3 2013 and held it in 9 quarters. The position peaked at $766K in Q3 2013. 802 funds tracked by Wall St. Rank hold LPLA as of Q2 2025.

State of Michigan Retirement System reported no remaining LPL Financial position as of Q2 2025 after selling out during the quarter.
State of Michigan Retirement System sold 1,100 LPL Financial shares in Q2 2025, an estimated $360K.
State of Michigan Retirement System first reported a position in LPL Financial in Q3 2013 and held it in 9 quarters.
State of Michigan Retirement System's LPL Financial position peaked at $766K in Q3 2013.
802 funds tracked by Wall St. Rank held LPL Financial as of Q2 2025.

Based on State of Michigan Retirement System's 13F filing for Q2 2025, filed 5 Aug 2025.