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 Core S&P Mid-Cap ETF
IJH
|
+$109M |
| 2 |
iShares Russell 2000 ETF
IWM
|
+$91.3M |
| 3 |
iShares Core S&P Small-Cap ETF
IJR
|
+$89.2M |
| 4 |
iShares Short Maturity Bond ETF
NEAR
|
+$87.5M |
| 5 |
Invesco QQQ Trust
QQQ
|
+$76.2M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
State Street SPDR Dow Jones Industrial Average ETF Trust
DIA
|
+$36.6M |
| 2 |
State Street Industrial Select Sector SPDR ETF
XLI
|
+$35.8M |
| 3 |
iShare MSCI Eurozone ETF
EZU
|
+$34.1M |
| 4 |
iShares MSCI Singapore ETF
EWS
|
+$32.2M |
| 5 |
iShares 5-10 Year Investment Grade Corporate Bond ETF
IGIB
|
+$28.8M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 3.42% |
| 2 | Financials | 2.78% |
| 3 | Healthcare | 2.37% |
| 4 | Industrials | 2.25% |
| 5 | Consumer Discretionary | 2.03% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
2751
Gartner
IT
$11.1B
| $281K | ﹤0.01% |
1,773
-329
| -16% | -$47.7K |
|
2752
Madrigal Pharmaceuticals
MDGL
$12.6B
| $281K | ﹤0.01% |
1,313
-10
| -0.8% | -$2.51K |
|
2753
Fidelity Limited Term Bond ETF
FLTB
$416M
| $280K | ﹤0.01% |
+5,690
| New | +$281K |
|
2754
SPS Commerce
SPSC
$2.55B
| $280K | ﹤0.01% |
5,640
-1,624
| -22% | -$72.7K |
|
2755
Carriage Services
CSV
$647M
| $279K | ﹤0.01% |
12,960
-2,116
| -14% | -$49.8K |
|
2756
nLIGHT
LASR
$3.33B
| $279K | ﹤0.01% |
+12,544
| New | +$392K |
|
2757
National Health Investors
NHI
$3.79B
| $279K | ﹤0.01% |
3,686
+657
| +22% | +$50.2K |
|
2758
Principal Spectrum Preferred Securities Active ETF
PREF
$1.77B
| $279K | ﹤0.01% |
14,660
+2,125
| +17% | +$40.4K |
|
|
IGD
2759
Voya Global Equity Dividend and Premium Opportunity Fund
IGD
$509M
| $278K | ﹤0.01% |
38,021
-2,994
| -7% | -$22.2K |
|
2760
Norwegian Cruise Line
NCLH
$9.53B
| $278K | ﹤0.01% |
+4,843
| New | +$251K |
|
2761
nVent Electric
NVT
$21.6B
| $278K | ﹤0.01% |
10,249
-8,561
| -46% | -$233K |
|
2762
Synaptics
SYNA
$4.05B
| $278K | ﹤0.01% |
6,091
+745
| +14% | +$35.4K |
|
|
MVT
2763
DELISTED
BlackRock MuniVest Fund II
MVT
| $277K | ﹤0.01% |
20,796
+15
| +0.1% | +$208 |
|
2764
Wintrust Financial
WTFC
$10.7B
| $277K | ﹤0.01% |
3,256
-347
| -10% | -$30.9K |
|
|
CSOD
2765
DELISTED
Cornerstone OnDemand, Inc.
CSOD
| $276K | ﹤0.01% |
4,859
-779
| -14% | -$42K |
|
2766
Curtiss-Wright
CW
$25.1B
| $275K | ﹤0.01% |
1,998
-90
| -4% | -$11.8K |
|
|
BLE
2767
DELISTED
BlackRock Municipal Income Trust II
BLE
| $274K | ﹤0.01% |
21,128
+1,049
| +5% | +$14.2K |
|
2768
Invesco Municipal Trust
VKQ
$541M
| $274K | ﹤0.01% |
23,760
-1,134
| -5% | -$13.4K |
|
2769
Winnebago Industries
WGO
$900M
| $274K | ﹤0.01% |
8,254
-5,951
| -42% | -$230K |
|
2770
Quanta Services
PWR
$84.2B
| $273K | ﹤0.01% |
8,168
-9,835
| -55% | -$335K |
|
|
SBR
2771
Sabine Royalty Trust
SBR
$1.06B
| $273K | ﹤0.01% |
6,478
-499
| -7% | -$22.2K |
|
2772
RGC Resources
RGCO
$233M
| $272K | ﹤0.01% |
10,191
+400
| +4% | +$11.2K |
|
2773
VanEck CEF Muni Income ETF
XMPT
$219M
| $272K | ﹤0.01% |
11,011
-374
| -3% | -$9.42K |
|
2774
iShares MSCI Sweden ETF
EWD
$534M
| $271K | ﹤0.01% |
8,265
-278
| -3% | -$8.81K |
|
2775
Invesco DB Precious Metals Fund
DBP
$236M
| $270K | ﹤0.01% |
7,823
-966
| -11% | -$34K |
|
Similar funds
LPL Financial's Q3 2018 Portfolio in Review
As of Q3 2018, LPL Financial held 3,397 positions worth $41.7B, up 9.5% from $38.1B the previous quarter. Its ten largest holdings account for 24% of the portfolio.
LPL Financial deployed $1.97B of net new capital in Q3 2018, opening 192 new positions and adding to 1,682 existing holdings. Its largest new stake was Xtrackers USD High Yield Corporate Bond ETF: 728,055 shares worth $29M.
By sector, the portfolio is most concentrated in Technology at 3.4% 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 Dow Jones Industrial Average ETF Trust, an estimated $36.6M trimmed.
- LPL Financial's largest Q3 2018 buy was Xtrackers USD High Yield Corporate Bond ETF: 728,055 shares worth $29M.
- LPL Financial added most to iShares Core S&P Mid-Cap ETF in Q3 2018, an estimated $109M increase.
- LPL Financial's biggest Q3 2018 reduction was State Street SPDR Dow Jones Industrial Average ETF Trust, cutting an estimated $36.6M.
- LPL Financial fully exited iShares iBonds Sep 2018 Term Muni Bond ETF in Q3 2018, selling an estimated $2.44M.
- LPL Financial's ten largest holdings make up 24% of its $41.7B portfolio in Q3 2018.
- LPL Financial opened 192 new positions and closed 170 in Q3 2018.
- LPL Financial's portfolio value rose 9.5% quarter-over-quarter to $41.7B.
Based on LPL Financial's 13F filing for Q3 2018, filed 14 Nov 2018.