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 | |
|---|---|---|---|---|---|---|
2726
Brunswick
BC
$5.23B
| $271K | ﹤0.01% |
5,386
-519
| -9% | -$26.2K |
|
2727
KBR
KBR
$4.56B
| $270K | ﹤0.01% |
14,152
-1,155
| -8% | -$20.9K |
|
|
EVF
2728
Eaton Vance Senior Income Trust
EVF
$90.1M
| $269K | ﹤0.01% |
43,767
+7,213
| +20% | +$44.2K |
|
2729
Healthcare Services Group
HCSG
$1.61B
| $269K | ﹤0.01% |
8,144
-852
| -9% | -$32.6K |
|
2730
First American
FAF
$7.98B
| $268K | ﹤0.01% |
5,208
-1,516
| -23% | -$75.1K |
|
|
JOF
2731
Japan Smaller Capitalization Fund
JOF
$316M
| $268K | ﹤0.01% |
30,539
+4,255
| +16% | +$37.1K |
|
2732
FT Vest S&P 500 Dividend Aristocrats Target Income ETF
KNG
$3.46B
| $268K | ﹤0.01% |
+6,312
| New | +$258K |
|
2733
Reinsurance Group of America
RGA
$15.5B
| $268K | ﹤0.01% |
1,888
-26
| -1% | -$3.74K |
|
|
BERN
2734
DELISTED
Bernstein U.S. Research Fund
BERN
| $268K | ﹤0.01% |
9,841
| – | – |
|
|
AVLR
2735
DELISTED
Avalara, Inc.
AVLR
| $267K | ﹤0.01% |
+4,786
| New | +$222K |
|
2736
Fair Isaac
FICO
$31.8B
| $265K | ﹤0.01% |
+977
| New | +$230K |
|
2737
Hawkins
HWKN
$2.9B
| $265K | ﹤0.01% |
14,374
+70
| +0.5% | +$1.43K |
|
2738
BancFirst
BANF
$3.81B
| $264K | ﹤0.01% |
+5,058
| New | +$274K |
|
2739
DNOW Inc
DNOW
$2.44B
| $264K | ﹤0.01% |
18,891
+184
| +1% | +$2.56K |
|
|
ETO
2740
Eaton Vance Tax-Advantaged Global Dividend Opportunities Fund
ETO
$489M
| $264K | ﹤0.01% |
11,011
-220
| -2% | -$4.91K |
|
|
GDO
2741
Western Asset Global Corporate Defined Opportunity Fund
GDO
$76.7M
| $263K | ﹤0.01% |
15,977
+3,492
| +28% | +$56.6K |
|
2742
Gildan
GIL
$9.49B
| $263K | ﹤0.01% |
7,302
+232
| +3% | +$7.94K |
|
2743
Euronet Worldwide
EEFT
$3.19B
| $262K | ﹤0.01% |
+1,834
| New | +$229K |
|
2744
Genasys
GNSS
$76.5M
| $262K | ﹤0.01% |
92,079
+1,500
| +2% | +$3.89K |
|
2745
KraneShares Emerging Markets Consumer Technology Index ETF
KEMQ
$24.6M
| $262K | ﹤0.01% |
+11,385
| New | +$245K |
|
2746
Regenxbio
RGNX
$616M
| $262K | ﹤0.01% |
+4,572
| New | +$226K |
|
2747
Genesis Energy
GEL
$1.82B
| $261K | ﹤0.01% |
11,218
-1,500
| -12% | -$32.4K |
|
2748
nVent Electric
NVT
$21.6B
| $261K | ﹤0.01% |
9,661
-3,195
| -25% | -$81.9K |
|
2749
RGC Resources
RGCO
$233M
| $261K | ﹤0.01% |
9,841
-350
| -3% | -$9.89K |
|
|
SBR
2750
Sabine Royalty Trust
SBR
$1.06B
| $261K | ﹤0.01% |
5,613
+230
| +4% | +$9.96K |
|
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.