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 US Treasury Bond ETF
GOVT
|
+$111M |
| 2 |
iShares 1-3 Year Treasury Bond ETF
SHY
|
+$105M |
| 3 |
State Street SPDR S&P 500 ETF Trust
SPY
|
+$89.7M |
| 4 |
iShares 0-1 Year Treasury Bond ETF
SHV
|
+$85.9M |
| 5 |
iShares MSCI USA Min Vol Factor ETF
USMV
|
+$60.3M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Vanguard Total Bond Market
BND
|
+$136M |
| 2 |
iShares Core MSCI EAFE ETF
IEFA
|
+$44.3M |
| 3 |
WisdomTree US Total Dividend Fund
DTD
|
+$36.3M |
| 4 |
iShares JPMorgan USD Emerging Markets Bond ETF
EMB
|
+$35.2M |
| 5 |
iShares 20+ Year Treasury Bond ETF
TLT
|
+$33.6M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 3.59% |
| 2 | Financials | 2.78% |
| 3 | Healthcare | 2.32% |
| 4 | Consumer Discretionary | 2.14% |
| 5 | Industrials | 2.13% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
226
First Trust Health Care AlphaDEX Fund
FXH
$1.02B
| $35.6M | 0.08% |
459,737
-82,621
| -15% | -$6.14M |
|
227
Invesco S&P SmallCap Low Volatility ETF
XSLV
$249M
| $35.2M | 0.08% |
733,232
+139,054
| +23% | +$6.63M |
|
228
First Trust Financials AlphaDEX Fund
FXO
$1.12B
| $35M | 0.07% |
1,106,960
-10,096
| -0.9% | -$315K |
|
229
iShares US Healthcare ETF
IYH
$3.11B
| $34.8M | 0.07% |
890,300
-118,375
| -12% | -$4.48M |
|
230
iShares MSCI Australia ETF
EWA
$1.34B
| $34.8M | 0.07% |
1,542,389
+1,141,382
| +285% | +$25M |
|
|
SCHV
231
Schwab US Large-Cap Value ETF
SCHV
$15.8B
| $33.9M | 0.07% |
1,812,309
+195,852
| +12% | +$3.62M |
|
232
iShares Morningstar Growth ETF
ILCG
$3.1B
| $33.6M | 0.07% |
875,075
-46,615
| -5% | -$1.74M |
|
233
Vanguard Financials ETF
VFH
$13.3B
| $33.5M | 0.07% |
485,525
+15,295
| +3% | +$1.04M |
|
234
Oracle
ORCL
$331B
| $33.3M | 0.07% |
583,918
+24,495
| +4% | +$1.33M |
|
235
ProShares Short S&P500
SH
$887M
| $33M | 0.07% |
309,774
-80,946
| -21% | -$8.82M |
|
236
Citigroup
C
$222B
| $32.6M | 0.07% |
464,852
-9,562
| -2% | -$640K |
|
237
Realty Income
O
$61.2B
| $32.5M | 0.07% |
486,147
-1,240
| -0.3% | -$84.7K |
|
238
First Trust Technology AlphaDEX Fund
FXL
$2.47B
| $32.3M | 0.07% |
485,309
+15,808
| +3% | +$1.03M |
|
239
Invesco S&P 500 Pure Growth ETF
RPG
$2.04B
| $32M | 0.07% |
1,338,235
-58,005
| -4% | -$1.36M |
|
240
Invesco Ultra Short Duration ETF
GSY
$3.82B
| $31.9M | 0.07% |
633,712
+85,647
| +16% | +$4.31M |
|
241
Vanguard Mega Cap Value ETF
MGV
$13.2B
| $31.8M | 0.07% |
395,455
+11,963
| +3% | +$948K |
|
242
State Street Communication Services Select Sector SPDR ETF
XLC
$21.9B
| $31.8M | 0.07% |
646,178
+163,918
| +34% | +$7.97M |
|
|
WBII
243
DELISTED
WBI BullBear Global Income ETF
WBII
| $31.4M | 0.07% |
1,245,446
-214,684
| -15% | -$5.32M |
|
244
CVS Health
CVS
$137B
| $31.2M | 0.07% |
572,401
+65,694
| +13% | +$3.54M |
|
245
First Trust Mid Cap Core AlphaDEX Fund
FNX
$1.38B
| $31M | 0.07% |
451,081
+20,223
| +5% | +$1.37M |
|
246
Invesco BuyBack Achievers ETF
PKW
$1.69B
| $30.9M | 0.07% |
493,128
-53,389
| -10% | -$3.29M |
|
247
First Trust Senior Loan Fund ETF
FTSL
$2.31B
| $30.8M | 0.07% |
654,630
+37,838
| +6% | +$1.8M |
|
248
iShares Expanded Tech-Software Sector ETF
IGV
$13B
| $30.8M | 0.07% |
705,390
+14,040
| +2% | +$602K |
|
249
PayPal
PYPL
$49.5B
| $30.8M | 0.07% |
269,061
-23,211
| -8% | -$2.57M |
|
250
Vanguard Consumer Discretionary ETF
VCR
$5.84B
| $30.6M | 0.07% |
170,537
+3,573
| +2% | +$631K |
|
Similar funds
LPL Financial's Q2 2019 Portfolio in Review
As of Q2 2019, LPL Financial held 3,409 positions worth $46.9B, up 6.6% from $44B the previous quarter. Its ten largest holdings account for 23% of the portfolio.
LPL Financial deployed $1.68B of net new capital in Q2 2019, opening 226 new positions and adding to 1,714 existing holdings. Its largest new stake was Dow Inc: 187,402 shares worth $9.24M.
By sector, the portfolio is most concentrated in Technology at 3.6% of assets, up from 3.5% a quarter earlier, followed by Financials and Healthcare.
On the sell side, the largest reduction was Vanguard Total Bond Market, an estimated $136M trimmed.
- LPL Financial's largest Q2 2019 buy was Dow Inc: 187,402 shares worth $9.24M.
- LPL Financial added most to iShares US Treasury Bond ETF in Q2 2019, an estimated $111M increase.
- LPL Financial's biggest Q2 2019 reduction was Vanguard Total Bond Market, cutting an estimated $136M.
- LPL Financial fully exited WBI BullBear Global High Income ETF in Q2 2019, selling an estimated $18.5M.
- LPL Financial's ten largest holdings make up 23% of its $46.9B portfolio in Q2 2019.
- LPL Financial opened 226 new positions and closed 134 in Q2 2019.
- LPL Financial's portfolio value rose 6.6% quarter-over-quarter to $46.9B.
Based on LPL Financial's 13F filing for Q2 2019, filed 9 Aug 2019.