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 US Treasury Bond ETF
GOVT
|
+$111M |
| 2 |
iShares 1-3 Year Treasury Bond ETF
SHY
|
+$105M |
| 3 |
State Street SPDR S&P 500 ETF Trust
SPY
|
+$89.7M |
| 4 |
iShares 0-1 Year Treasury Bond ETF
SHV
|
+$85.9M |
| 5 |
iShares MSCI USA Min Vol Factor ETF
USMV
|
+$60.3M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Vanguard Total Bond Market
BND
|
+$136M |
| 2 |
iShares Core MSCI EAFE ETF
IEFA
|
+$44.3M |
| 3 |
WisdomTree US Total Dividend Fund
DTD
|
+$36.3M |
| 4 |
iShares JPMorgan USD Emerging Markets Bond ETF
EMB
|
+$35.2M |
| 5 |
iShares 20+ Year Treasury Bond ETF
TLT
|
+$33.6M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 3.59% |
| 2 | Financials | 2.78% |
| 3 | Healthcare | 2.32% |
| 4 | Consumer Discretionary | 2.14% |
| 5 | Industrials | 2.13% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
301
iShares MSCI France ETF
EWQ
$324M
| $22M | 0.05% |
716,677
-192,709
| -21% | -$5.8M |
|
302
iShares US Financials ETF
IYF
$4.39B
| $21.9M | 0.05% |
348,910
+4,266
| +1% | +$263K |
|
303
iShares MSCI EAFE Value ETF
EFV
$27.6B
| $21.6M | 0.05% |
448,655
+853
| +0.2% | +$41.6K |
|
304
iShares MSCI EAFE Small-Cap ETF
SCZ
$13.5B
| $21.5M | 0.05% |
375,314
-1,657
| -0.4% | -$95.7K |
|
305
Amplify Alternative Harvest ETF
MJ
$101M
| $21.5M | 0.05% |
56,584
+5,097
| +10% | +$2.06M |
|
306
Invesco S&P 500 Equal Weight Consumer Staples ETF
RSPS
$249M
| $21.3M | 0.05% |
797,625
+41,780
| +6% | +$1.11M |
|
307
Ford
F
$57.3B
| $21.3M | 0.05% |
2,083,585
-273,792
| -12% | -$2.7M |
|
308
Kinder Morgan
KMI
$73.1B
| $21.3M | 0.05% |
1,018,837
+24,269
| +2% | +$489K |
|
|
SLY
309
DELISTED
SPDR S&P 600 Small Cap ETF (based on S&P SmallCap 600 Index--symbol SML)
SLY
| $21.2M | 0.05% |
313,618
-13,920
| -4% | -$934K |
|
310
Medtronic
MDT
$107B
| $21.1M | 0.05% |
216,909
+11,746
| +6% | +$1.07M |
|
311
Enbridge
ENB
$124B
| $21M | 0.04% |
582,552
+178,323
| +44% | +$6.49M |
|
312
Schwab US Mid-Cap ETF
SCHM
$14.6B
| $21M | 0.04% |
1,103,226
+83,502
| +8% | +$1.56M |
|
313
Welltower
WELL
$178B
| $21M | 0.04% |
257,477
+19,211
| +8% | +$1.51M |
|
314
Schwab U.S Small- Cap ETF
SCHA
$22.5B
| $20.8M | 0.04% |
1,164,216
+91,660
| +9% | +$1.62M |
|
315
Global X NASDAQ-100 Covered Call ETF
QYLD
$7.97B
| $20.7M | 0.04% |
906,609
+11,678
| +1% | +$265K |
|
316
Lowe's Companies
LOW
$116B
| $20.6M | 0.04% |
204,509
+7,940
| +4% | +$837K |
|
317
ALPS Sector Dividend Dogs ETF
SDOG
$1.41B
| $20.6M | 0.04% |
473,620
+148,890
| +46% | +$6.42M |
|
318
Danaher
DHR
$135B
| $20.6M | 0.04% |
162,397
+63,238
| +64% | +$7.49M |
|
319
Vanguard Long-Term Corporate Bond ETF
VCLT
$8.83B
| $20.6M | 0.04% |
212,285
-13,900
| -6% | -$1.28M |
|
320
iShares MSCI USA Value Factor ETF
VLUE
$9.4B
| $20.6M | 0.04% |
253,166
-48,619
| -16% | -$3.9M |
|
321
Eli Lilly
LLY
$1.07T
| $20.4M | 0.04% |
183,971
-31,534
| -15% | -$3.71M |
|
322
Pacer Trendpilot 100 ETF
PTNQ
$1.2B
| $20.1M | 0.04% |
566,012
+109,170
| +24% | +$3.82M |
|
323
First Trust Emerging Markets AlphaDEX Fund
FEM
$745M
| $20M | 0.04% |
795,524
+217,268
| +38% | +$5.29M |
|
324
Enterprise Products Partners
EPD
$83.8B
| $20M | 0.04% |
692,131
+11,865
| +2% | +$342K |
|
325
Phillips 66
PSX
$82.9B
| $19.9M | 0.04% |
212,948
+20,110
| +10% | +$1.8M |
|
Similar funds
LPL Financial's Q2 2019 Portfolio in Review
As of Q2 2019, LPL Financial held 3,409 positions worth $46.9B, up 6.6% from $44B the previous quarter. Its ten largest holdings account for 23% of the portfolio.
LPL Financial deployed $1.68B of net new capital in Q2 2019, opening 226 new positions and adding to 1,714 existing holdings. Its largest new stake was Dow Inc: 187,402 shares worth $9.24M.
By sector, the portfolio is most concentrated in Technology at 3.6% of assets, up from 3.5% a quarter earlier, followed by Financials and Healthcare.
On the sell side, the largest reduction was Vanguard Total Bond Market, an estimated $136M trimmed.
- LPL Financial's largest Q2 2019 buy was Dow Inc: 187,402 shares worth $9.24M.
- LPL Financial added most to iShares US Treasury Bond ETF in Q2 2019, an estimated $111M increase.
- LPL Financial's biggest Q2 2019 reduction was Vanguard Total Bond Market, cutting an estimated $136M.
- LPL Financial fully exited WBI BullBear Global High Income ETF in Q2 2019, selling an estimated $18.5M.
- LPL Financial's ten largest holdings make up 23% of its $46.9B portfolio in Q2 2019.
- LPL Financial opened 226 new positions and closed 134 in Q2 2019.
- LPL Financial's portfolio value rose 6.6% quarter-over-quarter to $46.9B.
Based on LPL Financial's 13F filing for Q2 2019, filed 9 Aug 2019.