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 Core US Aggregate Bond ETF
AGG
|
+$127M |
| 2 |
iShares Core S&P Total US Stock Market ETF
ITOT
|
+$86.5M |
| 3 |
iShares MSCI USA Min Vol Factor ETF
USMV
|
+$66.9M |
| 4 |
State Street SPDR Portfolio Intermediate Term Corporate Bond ETF
SPIB
|
+$58.9M |
| 5 |
Vanguard Total Stock Market ETF
VTI
|
+$57.7M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
iShares Core S&P Small-Cap ETF
IJR
|
+$67M |
| 2 |
State Street Technology Select Sector SPDR ETF
XLK
|
+$44.8M |
| 3 |
iShares Core S&P Mid-Cap ETF
IJH
|
+$38.8M |
| 4 |
State Street Consumer Discretionary Select Sector SPDR ETF
XLY
|
+$36.2M |
| 5 |
iShares MSCI Germany ETF
EWG
|
+$35.2M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 3.13% |
| 2 | Financials | 2.74% |
| 3 | Healthcare | 2.44% |
| 4 | Industrials | 2.02% |
| 5 | Communication Services | 2.02% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
226
FedEx
FDX
$73.5B
| $28.3M | 0.08% |
175,651
+79,044
| +82% | +$16.7M |
|
227
Wells Fargo
WFC
$264B
| $28.3M | 0.08% |
613,822
-73,153
| -11% | -$3.75M |
|
228
Dominion Energy
D
$61.8B
| $27.9M | 0.07% |
390,301
+18,408
| +5% | +$1.35M |
|
229
First Trust Senior Loan Fund ETF
FTSL
$2.32B
| $27.9M | 0.07% |
612,539
-43,281
| -7% | -$2.05M |
|
230
Xtrackers USD High Yield Corporate Bond ETF
HYLB
$3.51B
| $27.8M | 0.07% |
741,371
+13,316
| +2% | +$515K |
|
231
Bristol-Myers Squibb
BMY
$128B
| $27.4M | 0.07% |
526,993
-1,202
| -0.2% | -$64.6K |
|
232
Invesco BuyBack Achievers ETF
PKW
$1.71B
| $27.1M | 0.07% |
519,287
+24,213
| +5% | +$1.38M |
|
233
CVS Health
CVS
$137B
| $26.9M | 0.07% |
410,350
+61,760
| +18% | +$4.61M |
|
234
Crown Castle
CCI
$32.4B
| $26.8M | 0.07% |
247,017
+29,926
| +14% | +$3.29M |
|
235
Vanguard Mega Cap Value ETF
MGV
$13.3B
| $26.5M | 0.07% |
370,976
+40,725
| +12% | +$3.11M |
|
236
iShares MSCI Japan ETF
EWJ
$21.7B
| $26.4M | 0.07% |
521,326
-570,351
| -52% | -$31.3M |
|
237
John Hancock Multifactor Mid Cap ETF
JHMM
$5.93B
| $26.3M | 0.07% |
864,882
+203,780
| +31% | +$6.78M |
|
238
Invesco Ultra Short Duration ETF
GSY
$3.86B
| $26.3M | 0.07% |
524,279
+133,360
| +34% | +$6.69M |
|
239
iShares US Real Estate ETF
IYR
$4.73B
| $26M | 0.07% |
347,429
+45,862
| +15% | +$3.6M |
|
240
First Trust Smith Unconstrained Bond ETF
UCON
$3.27B
| $26M | 0.07% |
1,044,211
+535,218
| +105% | +$13.4M |
|
241
JPMorgan Ultra-Short Income ETF
JPST
$40.1B
| $25.6M | 0.07% |
511,573
+283,471
| +124% | +$14.2M |
|
242
First Trust Rising Dividend Achievers ETF
RDVY
$24.6B
| $25.5M | 0.07% |
961,973
+160,684
| +20% | +$4.66M |
|
243
IBM
IBM
$204B
| $25.4M | 0.07% |
233,500
+17,290
| +8% | +$2.08M |
|
244
Schwab US Large- Cap ETF
SCHX
$71.1B
| $25.1M | 0.07% |
2,521,488
+821,742
| +48% | +$8.82M |
|
245
NextEra Energy
NEE
$185B
| $25M | 0.07% |
576,152
+68,228
| +13% | +$2.98M |
|
246
First Trust Developed Markets ex-US AlphaDEX Fund
FDT
$1.27B
| $25M | 0.07% |
509,617
+38,560
| +8% | +$2.03M |
|
247
Vanguard Consumer Discretionary ETF
VCR
$5.92B
| $24.8M | 0.07% |
164,870
-579
| -0.3% | -$93.8K |
|
248
Goldman Sachs ActiveBeta Emerging Markets Equity ETF
GEM
$1.66B
| $24.6M | 0.07% |
818,252
+33,446
| +4% | +$1.02M |
|
249
Union Pacific
UNP
$178B
| $24.3M | 0.06% |
175,441
+8,723
| +5% | +$1.29M |
|
250
Realty Income
O
$61.1B
| $24.2M | 0.06% |
396,429
+132,098
| +50% | +$7.89M |
|
Similar funds
LPL Financial's Q4 2018 Portfolio in Review
As of Q4 2018, LPL Financial held 3,382 positions worth $37.6B, down 9.9% from $41.7B the previous quarter. Its ten largest holdings account for 24% of the portfolio.
LPL Financial's Q4 2018 filing shows 155 new, 1,459 increased, 1,397 reduced and 312 closed positions. Its largest new stake was Global X Adaptive US Factor ETF: 452,590 shares worth $9.97M. The largest sale was iShares Core S&P Small-Cap ETF, an estimated $67M.
By sector, the portfolio is most concentrated in Technology at 3.1% of assets, down from 3.4% a quarter earlier, followed by Financials and Healthcare.
- LPL Financial's largest Q4 2018 buy was Global X Adaptive US Factor ETF: 452,590 shares worth $9.97M.
- LPL Financial added most to iShares Core US Aggregate Bond ETF in Q4 2018, an estimated $127M increase.
- LPL Financial's biggest Q4 2018 reduction was iShares Core S&P Small-Cap ETF, cutting an estimated $67M.
- LPL Financial fully exited Corporate Capital Trust, Inc. in Q4 2018, selling an estimated $30.3M.
- LPL Financial's ten largest holdings make up 24% of its $37.6B portfolio in Q4 2018.
- LPL Financial opened 155 new positions and closed 312 in Q4 2018.
- LPL Financial's portfolio value fell 9.9% quarter-over-quarter to $37.6B.
Based on LPL Financial's 13F filing for Q4 2018, filed 7 Feb 2019.