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 | |
|---|---|---|---|---|---|---|
301
ProShares Large Cap Core Plus
CSM
$513M
| $21.2M | 0.05% |
620,444
-52,996
| -8% | -$1.76M |
|
302
Ventas
VTR
$47.7B
| $20.9M | 0.05% |
327,364
+2,934
| +0.9% | +$183K |
|
303
Vanguard Long-Term Corporate Bond ETF
VCLT
$8.91B
| $20.7M | 0.05% |
226,185
+50,725
| +29% | +$4.46M |
|
304
Ford
F
$59.6B
| $20.7M | 0.05% |
2,357,377
+480,675
| +26% | +$4.13M |
|
305
Colgate-Palmolive
CL
$74.2B
| $20.6M | 0.05% |
300,577
+7,736
| +3% | +$500K |
|
306
First Trust Developed Markets ex-US AlphaDEX Fund
FDT
$1.25B
| $20.6M | 0.05% |
378,521
-131,096
| -26% | -$6.98M |
|
307
State Street SPDR Portfolio S&P 1500 Composite Stock Market ETF
SPTM
$13.5B
| $20.4M | 0.05% |
580,644
+25,599
| +5% | +$866K |
|
308
iShares US Financials ETF
IYF
$4.74B
| $20.4M | 0.05% |
344,644
-11,294
| -3% | -$656K |
|
309
Global X NASDAQ-100 Covered Call ETF
QYLD
$7.99B
| $20.3M | 0.05% |
894,931
+110,737
| +14% | +$2.46M |
|
310
First Trust Cloud Computing ETF
SKYY
$2.82B
| $20.1M | 0.05% |
348,341
+57,283
| +20% | +$3.13M |
|
311
Clorox
CLX
$12.1B
| $19.9M | 0.05% |
124,072
+11,090
| +10% | +$1.72M |
|
312
Kinder Morgan
KMI
$70.3B
| $19.9M | 0.05% |
994,568
+47,224
| +5% | +$882K |
|
313
Invesco S&P 500 Equal Weight Consumer Staples ETF
RSPS
$254M
| $19.8M | 0.05% |
755,845
+9,400
| +1% | +$233K |
|
314
Enterprise Products Partners
EPD
$83.6B
| $19.8M | 0.05% |
680,266
+64,406
| +10% | +$1.8M |
|
315
State Street SPDR S&P 400 Mid Cap Growth ETF
MDYG
$2.83B
| $19.7M | 0.04% |
375,525
-8,008
| -2% | -$406K |
|
316
iShares Select U.S. REIT ETF
ICF
$2.13B
| $19.7M | 0.04% |
354,474
+49,796
| +16% | +$2.62M |
|
317
Vanguard Tax-Exempt Bond Index Fund
VTEB
$45.3B
| $19.7M | 0.04% |
377,491
+40,899
| +12% | +$2.1M |
|
318
State Street SPDR S&P Biotech ETF
XBI
$10.1B
| $19.7M | 0.04% |
217,058
-3,044
| -1% | -$259K |
|
319
State Street SPDR S&P 600 Small Cap Value ETF
SLYV
$4.94B
| $19.5M | 0.04% |
322,919
+43,989
| +16% | +$2.65M |
|
320
Nike
NKE
$63.9B
| $19.3M | 0.04% |
229,550
+13,538
| +6% | +$1.12M |
|
321
US Bancorp
USB
$100B
| $19.2M | 0.04% |
398,098
-15,301
| -4% | -$767K |
|
322
State Street SPDR S&P Regional Banking ETF
KRE
$4.55B
| $19.1M | 0.04% |
372,027
-143,644
| -28% | -$7.67M |
|
323
Occidental Petroleum
OXY
$53.6B
| $18.9M | 0.04% |
285,197
+34,363
| +14% | +$2.26M |
|
324
Schwab US Mid-Cap ETF
SCHM
$14.5B
| $18.8M | 0.04% |
1,019,724
+122,601
| +14% | +$2.19M |
|
325
Schwab US Broad Market ETF
SCHB
$42.9B
| $18.8M | 0.04% |
1,654,362
+16,836
| +1% | +$184K |
|
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.