LPL Financial Holdings Inc.
LPL Financial Holdings Inc. (Form: SC 13G/A, Received: 02/14/2014 11:34:06)

UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, DC 20549

SCHEDULE 13G

Under the Securities Exchange Act of 1934
(Amendment No. 1)*

LPL Financial Holdings Inc.

(Name of Issuer)

Common Stock

(Title of Class of Securities)

50212V100

(CUSIP Number)

December 31, 2013

(Date of Event which Requires Filing of this Statement)

Check the appropriate box to designate the rule pursuant to which this Schedule
is filed:

|X| Rule 13d-1(b)
|_| Rule 13d-1(c)
|_| Rule 13d-1(d)

* The remainder of this cover page shall be filled out for a reporting person's initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter the disclosures provided in a prior cover page.

The information required in the remainder of this cover page shall not be deemed to be "filed" for the purpose of Section 18 of the Securities Exchange Act of 1934 ("Act") or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes).


SCHEDULE 13G

-------------------------                              -------------------------
CUSIP NO. 50212V100                                             Page 2 of 6
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    1.      NAMES OF REPORTING PERSONS
            I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)

            FPR Partners, LLC
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    2.      CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (See Instructions)
                                                              (a) [ ]
                                                              (b) [ ]


--------------------------------------------------------------------------------
    3.      SEC USE ONLY


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    4.      CITIZENSHIP OR PLACE OF ORGANIZATION

            Delaware, United States
--------------------------------------------------------------------------------
                           5.      SOLE VOTING POWER

                                   7,660,702
        NUMBER OF      ---------------------------------------------------------
         SHARES            6.      SHARED VOTING POWER
       BENEFICIALLY
         OWNED BY                  0
          EACH         ---------------------------------------------------------
        REPORTING          7.      SOLE DISPOSITIVE POWER
       PERSON WITH:
                                   7,660,702
                       ---------------------------------------------------------
                           8.      SHARED DISPOSITIVE POWER

                                   0
--------------------------------------------------------------------------------
    9.      AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

            7,660,702
--------------------------------------------------------------------------------
    10.     CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES
            CERTAIN SHARES (See Instructions)                     [ ]

--------------------------------------------------------------------------------
    11.     PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)

            7.5% (1)
--------------------------------------------------------------------------------
    12.     TYPE OF REPORTING PERSON (See Instructions)

            IA
--------------------------------------------------------------------------------

(1) Based upon shares outstanding as of October 21, 2013 as reported by the
    Issuer on its September 30, 2013 Form 10-Q


SCHEDULE 13G

-------------------------                              -------------------------
CUSIP NO. 50212V100                                             Page 3 of 6
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Item 1.  Issuer
         ------

        (a) Name of Issuer:
            --------------

            LPL Financial Holdings Inc.

        (b) Address of Issuer's Principal Executive Offices:
            -----------------------------------------------

            75 State Street
            Boston, MA  02109


Item 2.  Identity And Background
         -----------------------

        (a) Name of Person Filing:
            ---------------------

            FPR Partners, LLC

        (b) Address of Principal Business Office or, if none, Residence:
            -----------------------------------------------------------

            199 Fremont Street, Suite 2500
            San Francisco, CA 94105-2261

        (c) Citizenship:
            -----------

            Delaware

        (d) Title of Class of Securities:
            ----------------------------

            Common Stock

        (e) CUSIP Number:
            ------------

            50212V100


SCHEDULE 13G

-------------------------                              -------------------------
CUSIP NO. 50212V100                                             Page 4 of 6
--------------------------------------------------------------------------------

Item 3.  If this statement is filed pursuant to 240.13d-1(b) or
         240.13d-2(b) or (c), check whether the person filing is a:
         ---------------------------------------------------------

        (a) [ ] Broker or dealer registered under section 15 of the
                Act (15 U.S.C. 78o);

        (b) [ ] Bank as defined in section 3(a)(6) of the Act
                (15 U.S.C. 78c);

        (c) [ ] Insurance company as defined in section 3(a)(19) of
                the Act (15 U.S.C. 78c);

        (d) [ ] Investment company registered under section 8 of the
                Investment Company Act of 1940 (15 U.S.C 80a-8);

        (e) [X] An investment adviser in accordance with
                240.13d-1(b)(1)(ii)(E);

        (f) [ ] An employee benefit plan or endowment fund in accordance
                with 240.13d-1(b)(1)(ii)(F);

        (g) [ ] A parent holding company or control person in accordance
                with 240.13d-1(b)(1)(ii)(G);

        (h) [ ] A savings associations as defined in Section 3(b) of
                the Federal Deposit Insurance Act (12 U.S.C. 1813);

        (i) [ ] A church plan that is excluded from the definition
                of an investment company under section 3(c)(14) of
                the Investment Company Act of 1940 (15 U.S.C. 80a-3);

        (j) [ ] A non-U.S. institution in accordance with
                240.13d-1(b)(1)(ii)(J);

        (k) [ ] Group, in accordance with 240.13d-1(b)(1)(ii)(K).


Item 4.  Ownership
         ---------

        (a) Amount beneficially owned: 7,660,702

        (b) Percent of class: 7.5% (1)

        (c) Number of shares as to which the person has:

            (i) Sole power to vote or to direct the vote: 7,660,702

            (ii) Shared power to vote or to direct the vote: 0

            (iii) Sole power to dispose or to direct the disposition of: 7,660,702

            (iv) Shared power to dispose or to direct the disposition of: 0

(1) Based upon shares outstanding as of October 21, 2013 as reported by the
    Issuer on its September 30, 2013 Form 10-Q


SCHEDULE 13G

-------------------------                              -------------------------
CUSIP NO. 50212V100                                             Page 5 of 6
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Item 5.  Ownership Of Five Percent Or Less Of a Class
         --------------------------------------------

         Not Applicable.


Item 6.  Ownership Of More Than Five Percent On Behalf Of Another Person
         ---------------------------------------------------------------

         Not Applicable.




Item 7.  Identification  And Classification Of The Subsidiary Which Acquired The
         -----------------------------------------------------------------------
         Security Being Reported On By The Parent Holding Company
         --------------------------------------------------------

         Not Applicable.


Item 8.  Identification And Classification Of Members Of The Group
         ---------------------------------------------------------

         Not Applicable.


Item 9.  Notice Of Dissolution Of Group
         ------------------------------

         Not Applicable.


Item 10. Certification
         -------------

         By signing below I certify that, to the best of my knowledge and
belief, the securities referred to above were acquired and are held in the
ordinary course of business and were not acquired and are not held for
the purpose of or with the effect of changing or influencing  the control of the
issuer of the securities and were not acquired and are not held in connection
with or as a participant in any transaction having that purpose or effect.


SCHEDULE 13G

-------------------------                              -------------------------
CUSIP NO. 50212V100                                             Page 6 of 6
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                                   SIGNATURES
                                   ----------

         After  reasonable  inquiry and to the best of my knowledge and belief,
the  undersigned  certify that the  information  set forth in this  statement is
true, complete and correct.


Dated:  February 14, 2014


                                        FPR Partners, LLC

                                        /s/ Siu Chiang
                                        -------------------------------------
                                        Name: Siu Chiang
                                        Title: Chief Financial Officer