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 TIPS Bond ETF
TIP
|
+$209M |
| 2 |
Vanguard Intermediate-Term Corporate Bond ETF
VCIT
|
+$151M |
| 3 |
iShares Core MSCI Emerging Markets ETF
IEMG
|
+$138M |
| 4 |
iShares Russell 2000 ETF
IWM
|
+$133M |
| 5 |
iShares Core S&P Mid-Cap ETF
IJH
|
+$72.2M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
State Street SPDR Bloomberg High Yield Bond ETF
JNK
|
+$136M |
| 2 |
iShares Currency Hedged MSCI EAFE ETF
HEFA
|
+$62.5M |
| 3 |
iShares US Basic Materials ETF
IYM
|
+$39.5M |
| 4 |
State Street SPDR S&P MIDCAP 400 ETF Trust
MDY
|
+$37.4M |
| 5 |
Vanguard Total Stock Market ETF
VTI
|
+$31.1M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 3.13% |
| 2 | Financials | 2.74% |
| 3 | Healthcare | 2.24% |
| 4 | Industrials | 2.19% |
| 5 | Communication Services | 2.09% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
251
Crown Castle
CCI
$32.7B
| $23.2M | 0.06% |
214,721
+6,693
| +3% | +$695K |
|
252
Vanguard S&P Mid-Cap 400 ETF
IVOO
$3.73B
| $23.1M | 0.06% |
351,882
+56,426
| +19% | +$3.68M |
|
253
General Mills
GIS
$19.2B
| $23M | 0.06% |
519,921
-3,565
| -0.7% | -$156K |
|
254
Vanguard Short-Term Inflation-Protected Securities Index Fund
VTIP
$19.1B
| $23M | 0.06% |
471,067
+213,310
| +83% | +$10.4M |
|
255
Vanguard International High Dividend Yield ETF
VYMI
$20.2B
| $23M | 0.06% |
369,741
+34,417
| +10% | +$2.26M |
|
256
ProShares Large Cap Core Plus
CSM
$509M
| $23M | 0.06% |
680,228
+22,652
| +3% | +$766K |
|
257
First Trust Mid Cap Core AlphaDEX Fund
FNX
$1.38B
| $22.9M | 0.06% |
334,795
+24,815
| +8% | +$1.67M |
|
258
GSK
GSK
$103B
| $22.4M | 0.06% |
445,496
-3,942
| -0.9% | -$199K |
|
259
JPMorgan Diversified Return International Equity ETF
JPIN
$361M
| $22.3M | 0.06% |
387,575
+82,200
| +27% | +$4.92M |
|
260
Pacer Trendpilot US Mid Cap ETF
PTMC
$396M
| $22.3M | 0.06% |
692,856
+83,198
| +14% | +$2.64M |
|
261
Oracle
ORCL
$331B
| $22.1M | 0.06% |
501,356
-33,233
| -6% | -$1.53M |
|
262
First Trust Small Cap Growth AlphaDEX Fund
FYC
$1.24B
| $22.1M | 0.06% |
455,229
+177,087
| +64% | +$8.21M |
|
263
iShares MSCI Australia ETF
EWA
$1.34B
| $21.9M | 0.06% |
968,385
+924,605
| +2,112% | +$20.8M |
|
264
iShares US Financials ETF
IYF
$4.39B
| $21.8M | 0.06% |
372,324
-31,990
| -8% | -$1.9M |
|
265
Schwab US Dividend Equity ETF
SCHD
$102B
| $21.7M | 0.06% |
1,321,986
+86,652
| +7% | +$1.43M |
|
266
Invesco National AMT-Free Municipal Bond ETF
PZA
$4.19B
| $21.7M | 0.06% |
862,548
+11,391
| +1% | +$286K |
|
267
VanEck Morningstar Wide Moat ETF
MOAT
$11.5B
| $21.5M | 0.06% |
494,693
-87,559
| -15% | -$3.73M |
|
268
CVS Health
CVS
$137B
| $21.5M | 0.06% |
334,113
+36,503
| +12% | +$2.41M |
|
269
Vanguard S&P Small-Cap 600 ETF
VIOO
$4.13B
| $21.5M | 0.06% |
281,886
+71,904
| +34% | +$5.33M |
|
270
Occidental Petroleum
OXY
$57B
| $21.3M | 0.06% |
254,180
-7,737
| -3% | -$618K |
|
271
iShares MSCI France ETF
EWQ
$324M
| $21.2M | 0.06% |
694,455
+286,909
| +70% | +$9.21M |
|
272
State Street SPDR S&P 400 Mid Cap Growth ETF
MDYG
$2.82B
| $21.2M | 0.06% |
392,336
+19,511
| +5% | +$1.05M |
|
273
First Trust Technology AlphaDEX Fund
FXL
$2.47B
| $21.1M | 0.06% |
374,817
+35,928
| +11% | +$2.03M |
|
274
FedEx
FDX
$74.5B
| $21.1M | 0.06% |
92,734
-11,772
| -11% | -$2.92M |
|
275
ConocoPhillips
COP
$147B
| $21M | 0.06% |
302,105
-8,761
| -3% | -$584K |
|
Similar funds
LPL Financial's Q2 2018 Portfolio in Review
As of Q2 2018, LPL Financial held 3,378 positions worth $38.1B, up 4.9% from $36.3B the previous quarter. Its ten largest holdings account for 24% of the portfolio.
LPL Financial deployed $1.14B of net new capital in Q2 2018, opening 201 new positions and adding to 1,572 existing holdings. Its largest new stake was Invesco S&P 500 Quality ETF: 487,751 shares worth $14.6M.
By sector, the portfolio is most concentrated in Technology at 3.1% of assets, up from 3.1% a quarter earlier, followed by Financials and Healthcare.
On the sell side, the largest reduction was State Street SPDR Bloomberg High Yield Bond ETF, an estimated $136M trimmed.
- LPL Financial's largest Q2 2018 buy was Invesco S&P 500 Quality ETF: 487,751 shares worth $14.6M.
- LPL Financial added most to iShares TIPS Bond ETF in Q2 2018, an estimated $209M increase.
- LPL Financial's biggest Q2 2018 reduction was State Street SPDR Bloomberg High Yield Bond ETF, cutting an estimated $136M.
- LPL Financial fully exited PWSHS S&P 500 HIGH QTY PORTF S&P HIGH QTY RKGS INDEX in Q2 2018, selling an estimated $15.3M.
- LPL Financial's ten largest holdings make up 24% of its $38.1B portfolio in Q2 2018.
- LPL Financial opened 201 new positions and closed 171 in Q2 2018.
- LPL Financial's portfolio value rose 4.9% quarter-over-quarter to $38.1B.
Based on LPL Financial's 13F filing for Q2 2018, filed 14 Aug 2018.