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 | |
|---|---|---|---|---|---|---|
|
BOCH
2951
DELISTED
Bank of Commerce Holdings (CA)
BOCH
| $195K | ﹤0.01% |
18,495
| – | – |
|
|
AXAS
2952
DELISTED
Abraxas Petroleum Corp
AXAS
| $194K | ﹤0.01% |
7,751
-75
| -1% | -$1.9K |
|
|
NRO
2953
Neuberger Real Estate Securities Income Fund Inc
NRO
$193M
| $193K | ﹤0.01% |
40,775
+6,793
| +20% | +$30.5K |
|
|
FNG
2954
DELISTED
AdvisorShares New Tech and Media ETF
FNG
| $193K | ﹤0.01% |
+11,843
| New | +$190K |
|
2955
Invesco Municipal Trust
VKQ
$541M
| $192K | ﹤0.01% |
15,924
-7,573
| -32% | -$89.3K |
|
|
ADAM
2956
Adamas Trust
ADAM
$777M
| $191K | ﹤0.01% |
7,827
+260
| +3% | +$6.39K |
|
2957
Orion
OEC
$403M
| $191K | ﹤0.01% |
10,050
-6,152
| -38% | -$155K |
|
2958
Mercer International
MERC
$40.5M
| $190K | ﹤0.01% |
14,076
+162
| +1% | +$2.23K |
|
|
ACH
2959
Accendra Health
ACH
$254M
| $190K | ﹤0.01% |
46,261
+5,062
| +12% | +$32K |
|
|
MDR
2960
DELISTED
McDermott International
MDR
| $190K | ﹤0.01% |
25,497
-3,834
| -13% | -$31.6K |
|
|
NXQ
2961
DELISTED
NUVEEN ELECT TAX-FREE INC 2
NXQ
| $189K | ﹤0.01% |
13,543
-2,576
| -16% | -$35.3K |
|
|
MTLS
2962
Materialise
MTLS
$366M
| $188K | ﹤0.01% |
11,950
-100
| -0.8% | -$1.76K |
|
|
NXR
2963
DELISTED
NUVEEN ELECT TAX-FREE INC 3
NXR
| $187K | ﹤0.01% |
12,687
-2,457
| -16% | -$35.9K |
|
2964
Applied Optoelectronics
AAOI
$6.14B
| $184K | ﹤0.01% |
15,118
+1,964
| +15% | +$29.6K |
|
2965
Hovnanian Enterprises
HOV
$779M
| $184K | ﹤0.01% |
16,775
-123
| -0.7% | -$2K |
|
|
IEC
2966
DELISTED
IEC Electronics Corp.
IEC
| $184K | ﹤0.01% |
26,895
| – | – |
|
|
CLCT
2967
DELISTED
Collectors Universe
CLCT
| $184K | ﹤0.01% |
10,527
-572
| -5% | -$8.69K |
|
|
BRW
2968
Saba Capital Income & Opportunities Fund
BRW
$336M
| $183K | ﹤0.01% |
19,193
+1,665
| +9% | +$15.8K |
|
|
ESV
2969
DELISTED
Ensco Rowan plc
ESV
| $183K | ﹤0.01% |
11,658
-4,848
| -29% | -$84.5K |
|
2970
OFS Capital
OFS
$46.2M
| $182K | ﹤0.01% |
+15,460
| New | +$179K |
|
2971
Energy Recovery
ERII
$420M
| $181K | ﹤0.01% |
20,790
+1,000
| +5% | +$7.96K |
|
2972
NIO
NIO
$11.9B
| $179K | ﹤0.01% |
35,138
+24,498
| +230% | +$174K |
|
|
PMX
2973
DELISTED
PIMCO Municipal Income Fund III
PMX
| $179K | ﹤0.01% |
14,275
-29,540
| -67% | -$353K |
|
2974
Sonos
SONO
$2.09B
| $179K | ﹤0.01% |
17,395
+565
| +3% | +$6.13K |
|
2975
Ponce Financial Group
PDLB
$486M
| $176K | ﹤0.01% |
17,577
+1,813
| +12% | +$17K |
|
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.