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 | |
|---|---|---|---|---|---|---|
|
SCHV
251
Schwab US Large-Cap Value ETF
SCHV
$15.8B
| $29.5M | 0.07% |
1,616,457
+350,247
| +28% | +$6.22M |
|
252
First Trust NYSE Arca Biotechnology Index Fund
FBT
$2.85B
| $29.3M | 0.07% |
193,973
+14,138
| +8% | +$2.03M |
|
253
Broadcom
AVGO
$1.81T
| $29.2M | 0.07% |
971,160
-256,260
| -21% | -$6.95M |
|
254
iShares Expanded Tech-Software Sector ETF
IGV
$12.3B
| $29.1M | 0.07% |
691,350
+206,990
| +43% | +$8.17M |
|
255
Xtrackers USD High Yield Corporate Bond ETF
HYLB
$3.51B
| $29.1M | 0.07% |
730,785
-10,586
| -1% | -$414K |
|
256
First Trust Senior Loan Fund ETF
FTSL
$2.32B
| $29.1M | 0.07% |
616,792
+4,253
| +0.7% | +$201K |
|
257
First Trust Mid Cap Core AlphaDEX Fund
FNX
$1.39B
| $28.9M | 0.07% |
430,858
+66,318
| +18% | +$4.33M |
|
258
Vanguard Consumer Discretionary ETF
VCR
$6.01B
| $28.8M | 0.07% |
166,964
+2,094
| +1% | +$346K |
|
259
NextEra Energy
NEE
$186B
| $28.6M | 0.06% |
591,020
+14,868
| +3% | +$680K |
|
260
Union Pacific
UNP
$175B
| $28.3M | 0.06% |
169,357
-6,084
| -3% | -$979K |
|
261
Bristol-Myers Squibb
BMY
$130B
| $28.1M | 0.06% |
589,814
+62,821
| +12% | +$3.13M |
|
262
Eli Lilly
LLY
$1.09T
| $28M | 0.06% |
215,505
+14,645
| +7% | +$1.78M |
|
263
Waste Management
WM
$96.1B
| $28M | 0.06% |
269,045
+5,835
| +2% | +$569K |
|
264
Invesco S&P SmallCap Low Volatility ETF
XSLV
$250M
| $27.9M | 0.06% |
594,178
+89,579
| +18% | +$4.16M |
|
265
Qualcomm
QCOM
$172B
| $27.9M | 0.06% |
488,354
+76,496
| +19% | +$4.13M |
|
266
Invesco Ultra Short Duration ETF
GSY
$3.86B
| $27.6M | 0.06% |
548,065
+23,786
| +5% | +$1.19M |
|
267
CVS Health
CVS
$140B
| $27.3M | 0.06% |
506,707
+96,357
| +23% | +$5.95M |
|
268
Goldman Sachs ActiveBeta Emerging Markets Equity ETF
GEM
$1.63B
| $27.3M | 0.06% |
837,879
+19,627
| +2% | +$633K |
|
269
iShares MSCI France ETF
EWQ
$329M
| $26.8M | 0.06% |
909,386
+390,302
| +75% | +$11.1M |
|
270
iShares Russell Top 200 Growth ETF
IWY
$15.6B
| $26.2M | 0.06% |
318,630
+105,459
| +49% | +$8.24M |
|
271
iShares MSCI Germany ETF
EWG
$1.56B
| $25.7M | 0.06% |
956,513
+325,069
| +51% | +$8.69M |
|
272
GSK
GSK
$108B
| $25.3M | 0.06% |
485,109
+38,476
| +9% | +$1.92M |
|
273
First Trust North American Energy Infrastructure Fund
EMLP
$4.14B
| $25M | 0.06% |
1,011,267
+102,740
| +11% | +$2.43M |
|
274
Invesco Senior Loan ETF
BKLN
$6.97B
| $25M | 0.06% |
1,104,249
-614,337
| -36% | -$13.9M |
|
275
First Trust Long/Short Equity ETF
FTLS
$2.46B
| $24.7M | 0.06% |
629,943
+353,327
| +128% | +$13.6M |
|
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.