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 |
Vanguard Total Bond Market
BND
|
+$248M |
| 2 |
iShares Core MSCI EAFE ETF
IEFA
|
+$157M |
| 3 |
iShares Core MSCI Emerging Markets ETF
IEMG
|
+$130M |
| 4 |
iShares Core US Aggregate Bond ETF
AGG
|
+$105M |
| 5 |
iShares MSCI USA Min Vol Factor ETF
USMV
|
+$103M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
VictoryShares US EQ Income Enhanced Volatility Wtd ETF
CDC
|
+$82.3M |
| 2 |
iShares Core S&P 500 ETF
IVV
|
+$82.1M |
| 3 |
iShares Core S&P Small-Cap ETF
IJR
|
+$38.4M |
| 4 |
iShares Core S&P Mid-Cap ETF
IJH
|
+$35.9M |
| 5 |
iShares S&P 500 Growth ETF
IVW
|
+$35.7M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 3.49% |
| 2 | Financials | 2.7% |
| 3 | Healthcare | 2.33% |
| 4 | Industrials | 2.12% |
| 5 | Communication Services | 2.08% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
226
DuPont de Nemours
DD
$19B
| $34.2M | 0.08% |
253,269
+21,240
| +9% | +$2.95M |
|
227
First Trust Financials AlphaDEX Fund
FXO
$1.15B
| $33.8M | 0.08% |
1,117,056
-92,412
| -8% | -$2.76M |
|
228
iShares Morningstar Growth ETF
ILCG
$3.06B
| $33.7M | 0.08% |
921,690
+196,120
| +27% | +$6.82M |
|
229
Dominion Energy
D
$62.1B
| $33.6M | 0.08% |
438,458
+48,157
| +12% | +$3.52M |
|
230
State Street SPDR S&P 600 Small Cap Growth ETF
SLYG
$5.08B
| $33.5M | 0.08% |
560,955
-7,214
| -1% | -$426K |
|
231
Crown Castle
CCI
$33.1B
| $33.4M | 0.08% |
261,235
+14,218
| +6% | +$1.67M |
|
232
W.P. Carey
WPC
$16.8B
| $33.4M | 0.08% |
434,967
+69,125
| +19% | +$4.98M |
|
233
iShares MSCI Japan ETF
EWJ
$21.3B
| $32.7M | 0.07% |
597,968
+76,642
| +15% | +$4.13M |
|
234
Invesco BuyBack Achievers ETF
PKW
$1.73B
| $32.6M | 0.07% |
546,517
+27,230
| +5% | +$1.57M |
|
235
Invesco S&P 500 Pure Growth ETF
RPG
$1.97B
| $32.3M | 0.07% |
1,396,240
-69,000
| -5% | -$1.52M |
|
236
Vanguard S&P 500 Value ETF
VOOV
$6.67B
| $31M | 0.07% |
285,222
-9,468
| -3% | -$1M |
|
237
Wells Fargo
WFC
$263B
| $31M | 0.07% |
641,516
+27,694
| +5% | +$1.36M |
|
238
Vanguard Short-Term Inflation-Protected Securities Index Fund
VTIP
$19.1B
| $30.9M | 0.07% |
634,454
-30,708
| -5% | -$1.48M |
|
239
VanEck Gold Miners ETF
GDX
$22.7B
| $30.7M | 0.07% |
1,368,652
+397,622
| +41% | +$8.74M |
|
240
General Mills
GIS
$20.1B
| $30.4M | 0.07% |
588,412
+67,965
| +13% | +$3.08M |
|
241
PayPal
PYPL
$51.4B
| $30.4M | 0.07% |
292,272
+25,185
| +9% | +$2.38M |
|
242
Vanguard Financials ETF
VFH
$13.6B
| $30.3M | 0.07% |
470,230
-11,352
| -2% | -$736K |
|
243
Schwab US Large- Cap ETF
SCHX
$71.3B
| $30.2M | 0.07% |
2,682,168
+160,680
| +6% | +$1.74M |
|
|
RTN
244
DELISTED
Raytheon Company
RTN
| $30.2M | 0.07% |
165,663
+27,030
| +19% | +$4.71M |
|
245
Oracle
ORCL
$346B
| $30.1M | 0.07% |
559,423
+28,504
| +5% | +$1.45M |
|
246
First Trust Technology AlphaDEX Fund
FXL
$2.45B
| $30M | 0.07% |
469,501
+41,274
| +10% | +$2.49M |
|
247
Pacer Trendpilot US Mid Cap ETF
PTMC
$396M
| $29.9M | 0.07% |
986,129
+247,839
| +34% | +$7.6M |
|
248
Vanguard Mega Cap Value ETF
MGV
$13.3B
| $29.9M | 0.07% |
383,492
+12,516
| +3% | +$957K |
|
249
Xtrackers MSCI EAFE Hedged Equity ETF
DBEF
$9.16B
| $29.7M | 0.07% |
950,986
-392,950
| -29% | -$11.8M |
|
250
Citigroup
C
$222B
| $29.5M | 0.07% |
474,414
+9,398
| +2% | +$584K |
|
Similar funds
LPL Financial's Q1 2019 Portfolio in Review
As of Q1 2019, LPL Financial held 3,299 positions worth $44B, up 17% from $37.6B the previous quarter. Its ten largest holdings account for 24% of the portfolio.
LPL Financial deployed $2.2B of net new capital in Q1 2019, opening 230 new positions and adding to 1,809 existing holdings. Its largest new stake was Franklin US Large Cap Multifactor Index ETF: 162,551 shares worth $5.11M.
By sector, the portfolio is most concentrated in Technology at 3.5% of assets, up from 3.1% a quarter earlier, followed by Financials and Healthcare.
On the sell side, the largest reduction was VictoryShares US EQ Income Enhanced Volatility Wtd ETF, an estimated $82.3M trimmed.
- LPL Financial's largest Q1 2019 buy was Franklin US Large Cap Multifactor Index ETF: 162,551 shares worth $5.11M.
- LPL Financial added most to Vanguard Total Bond Market in Q1 2019, an estimated $248M increase.
- LPL Financial's biggest Q1 2019 reduction was VictoryShares US EQ Income Enhanced Volatility Wtd ETF, cutting an estimated $82.3M.
- LPL Financial fully exited Invesco Russell 2000 Equal Weight ETF in Q1 2019, selling an estimated $6.56M.
- LPL Financial's ten largest holdings make up 24% of its $44B portfolio in Q1 2019.
- LPL Financial opened 230 new positions and closed 117 in Q1 2019.
- LPL Financial's portfolio value rose 17% quarter-over-quarter to $44B.
Based on LPL Financial's 13F filing for Q1 2019, filed 8 May 2019.