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 | |
|---|---|---|---|---|---|---|
276
State Street SPDR S&P 400 Mid Cap Growth ETF
MDYG
$2.85B
| $22.4M | 0.05% |
400,388
+8,052
| +2% | +$449K |
|
277
US Bancorp
USB
$98.9B
| $21.9M | 0.05% |
415,449
+134,081
| +48% | +$7.1M |
|
278
VanEck High Yield Muni ETF
HYD
$4.45B
| $21.8M | 0.05% |
350,939
-83,633
| -19% | -$5.25M |
|
279
iShares Morningstar US Equity ETF
ILCB
$1.26B
| $21.8M | 0.05% |
517,336
+180,596
| +54% | +$7.39M |
|
280
iShares Morningstar Growth ETF
ILCG
$3.09B
| $21.8M | 0.05% |
585,640
+189,460
| +48% | +$6.86M |
|
281
WBI Power Factor High Dividend ETF
WBIY
$63.2M
| $21.8M | 0.05% |
806,859
+388,819
| +93% | +$10.6M |
|
282
GSK
GSK
$104B
| $21.7M | 0.05% |
433,028
-12,468
| -3% | -$633K |
|
283
PayPal
PYPL
$49.5B
| $21.7M | 0.05% |
246,562
-5,889
| -2% | -$519K |
|
284
Gilead Sciences
GILD
$162B
| $21.5M | 0.05% |
279,029
-7,374
| -3% | -$557K |
|
285
iShares Currency Hedged MSCI EAFE ETF
HEFA
$7.51B
| $21.5M | 0.05% |
719,055
-104,168
| -13% | -$3.08M |
|
286
Lowe's Companies
LOW
$119B
| $21.4M | 0.05% |
186,003
+3,358
| +2% | +$350K |
|
287
NextEra Energy
NEE
$185B
| $21.3M | 0.05% |
507,924
+37,940
| +8% | +$1.62M |
|
288
Invesco Aerospace & Defense ETF
PPA
$8.37B
| $21.1M | 0.05% |
343,611
+11,317
| +3% | +$664K |
|
289
First Trust North American Energy Infrastructure Fund
EMLP
$4.12B
| $21.1M | 0.05% |
898,876
-3,273
| -0.4% | -$78.1K |
|
290
iShares Core 60/40 Balanced Allocation ETF
AOR
$3.64B
| $21M | 0.05% |
464,607
+17,042
| +4% | +$763K |
|
291
First Trust Europe AlphaDEX Fund
FEP
$513M
| $20.9M | 0.05% |
547,496
-63,849
| -10% | -$2.47M |
|
292
Invesco S&P SmallCap Low Volatility ETF
XSLV
$248M
| $20.7M | 0.05% |
418,816
+41,302
| +11% | +$2.07M |
|
|
SLY
293
DELISTED
SPDR S&P 600 Small Cap ETF (based on S&P SmallCap 600 Index--symbol SML)
SLY
| $20.5M | 0.05% |
271,348
+20,352
| +8% | +$1.54M |
|
294
Constellation Brands
STZ
$22.2B
| $20.3M | 0.05% |
93,922
+45,275
| +93% | +$9.63M |
|
295
iShares 3-7 Year Treasury Bond ETF
IEI
$18.1B
| $20.2M | 0.05% |
169,531
+8,440
| +5% | +$1.01M |
|
296
Invesco Large Cap Value ETF
PWV
$1.68B
| $20M | 0.05% |
534,276
-30,277
| -5% | -$1.13M |
|
297
Phillips 66
PSX
$83.3B
| $19.8M | 0.05% |
175,342
-890
| -0.5% | -$103K |
|
298
Occidental Petroleum
OXY
$54.6B
| $19.7M | 0.05% |
240,082
-14,098
| -6% | -$1.14M |
|
299
Schwab US Large- Cap ETF
SCHX
$71.1B
| $19.7M | 0.05% |
1,699,746
+339,420
| +25% | +$3.86M |
|
|
SCHV
300
Schwab US Large-Cap Value ETF
SCHV
$15.8B
| $19.7M | 0.05% |
1,053,996
+181,530
| +21% | +$3.36M |
|
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.