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 TIPS Bond ETF
TIP
|
+$209M |
| 2 |
Vanguard Intermediate-Term Corporate Bond ETF
VCIT
|
+$151M |
| 3 |
iShares Core MSCI Emerging Markets ETF
IEMG
|
+$138M |
| 4 |
iShares Russell 2000 ETF
IWM
|
+$133M |
| 5 |
iShares Core S&P Mid-Cap ETF
IJH
|
+$72.2M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
State Street SPDR Bloomberg High Yield Bond ETF
JNK
|
+$136M |
| 2 |
iShares Currency Hedged MSCI EAFE ETF
HEFA
|
+$62.5M |
| 3 |
iShares US Basic Materials ETF
IYM
|
+$39.5M |
| 4 |
State Street SPDR S&P MIDCAP 400 ETF Trust
MDY
|
+$37.4M |
| 5 |
Vanguard Total Stock Market ETF
VTI
|
+$31.1M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 3.13% |
| 2 | Financials | 2.74% |
| 3 | Healthcare | 2.24% |
| 4 | Industrials | 2.19% |
| 5 | Communication Services | 2.09% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
326
Ventas
VTR
$48.9B
| $16.4M | 0.04% |
287,560
+1,555
| +0.5% | +$81.4K |
|
327
First Trust Dorsey Wright International Focus 5 ETF
IFV
$226M
| $16.3M | 0.04% |
783,552
-44,511
| -5% | -$980K |
|
328
VanEck Gold Miners ETF
GDX
$23B
| $16.1M | 0.04% |
719,904
-24,899
| -3% | -$558K |
|
329
PIMCO Active Bond Exchange-Traded Fund
BOND
$8.28B
| $15.8M | 0.04% |
153,358
+2,479
| +2% | +$255K |
|
330
Vanguard Russell 1000 Value ETF
VONV
$20.4B
| $15.5M | 0.04% |
294,626
+23,778
| +9% | +$1.26M |
|
331
iShares Select U.S. REIT ETF
ICF
$2.12B
| $15.5M | 0.04% |
310,888
-122,790
| -28% | -$5.84M |
|
|
SCHV
332
Schwab US Large-Cap Value ETF
SCHV
$15.8B
| $15.4M | 0.04% |
872,466
+86,685
| +11% | +$1.55M |
|
|
CELG
333
DELISTED
Celgene Corp
CELG
| $15.4M | 0.04% |
194,269
-8,165
| -4% | -$678K |
|
334
First Trust Cloud Computing ETF
SKYY
$2.74B
| $15.4M | 0.04% |
289,135
+36,955
| +15% | +$1.91M |
|
335
iShares US Energy ETF
IYE
$1.74B
| $15.3M | 0.04% |
364,205
+8,465
| +2% | +$346K |
|
336
Invesco S&P SmallCap 600 Revenue ETF
RWJ
$2.03B
| $15.2M | 0.04% |
620,487
-65,334
| -10% | -$1.56M |
|
337
State Street SPDR S&P Bank ETF
KBE
$1.64B
| $15.1M | 0.04% |
321,042
+17,655
| +6% | +$862K |
|
338
Nike
NKE
$61.9B
| $15.1M | 0.04% |
189,751
-21,587
| -10% | -$1.52M |
|
339
Kinder Morgan
KMI
$73.1B
| $15.1M | 0.04% |
855,124
-28,769
| -3% | -$471K |
|
340
VanEck Fallen Angel High Yield Bond ETF
ANGL
$3.07B
| $14.9M | 0.04% |
520,736
-4,999
| -1% | -$145K |
|
341
BCE
BCE
$19.9B
| $14.9M | 0.04% |
367,028
-31,751
| -8% | -$1.33M |
|
342
Schwab US Mid-Cap ETF
SCHM
$14.6B
| $14.8M | 0.04% |
808,281
+27,801
| +4% | +$503K |
|
343
Schwab US Large- Cap ETF
SCHX
$70.9B
| $14.7M | 0.04% |
1,360,326
+125,472
| +10% | +$1.35M |
|
344
Invesco S&P MidCap 400 Revenue ETF
RWK
$1.3B
| $14.7M | 0.04% |
240,173
-81,584
| -25% | -$4.94M |
|
345
John Hancock Multifactor Large Cap ETF
JHML
$1.16B
| $14.7M | 0.04% |
415,980
+35,349
| +9% | +$1.25M |
|
346
Invesco S&P 500 Quality ETF
SPHQ
$19.4B
| $14.6M | 0.04% |
+487,751
| New | +$14.7M |
|
347
First Trust Small Cap Core AlphaDEX Fund
FYX
$1.36B
| $14.6M | 0.04% |
221,394
+22,396
| +11% | +$1.43M |
|
348
WisdomTree Global High Dividend Fund
DEW
$147M
| $14.4M | 0.04% |
315,109
+21,339
| +7% | +$999K |
|
349
Medtronic
MDT
$107B
| $14.4M | 0.04% |
168,582
-34,116
| -17% | -$2.85M |
|
|
CSF
350
DELISTED
VictoryShares US Discovery Enhanced Volatility Wtd ETF
CSF
| $14.4M | 0.04% |
303,425
+25,046
| +9% | +$1.16M |
|
Similar funds
LPL Financial's Q2 2018 Portfolio in Review
As of Q2 2018, LPL Financial held 3,378 positions worth $38.1B, up 4.9% from $36.3B the previous quarter. Its ten largest holdings account for 24% of the portfolio.
LPL Financial deployed $1.14B of net new capital in Q2 2018, opening 201 new positions and adding to 1,572 existing holdings. Its largest new stake was Invesco S&P 500 Quality ETF: 487,751 shares worth $14.6M.
By sector, the portfolio is most concentrated in Technology at 3.1% 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 Bloomberg High Yield Bond ETF, an estimated $136M trimmed.
- LPL Financial's largest Q2 2018 buy was Invesco S&P 500 Quality ETF: 487,751 shares worth $14.6M.
- LPL Financial added most to iShares TIPS Bond ETF in Q2 2018, an estimated $209M increase.
- LPL Financial's biggest Q2 2018 reduction was State Street SPDR Bloomberg High Yield Bond ETF, cutting an estimated $136M.
- LPL Financial fully exited PWSHS S&P 500 HIGH QTY PORTF S&P HIGH QTY RKGS INDEX in Q2 2018, selling an estimated $15.3M.
- LPL Financial's ten largest holdings make up 24% of its $38.1B portfolio in Q2 2018.
- LPL Financial opened 201 new positions and closed 171 in Q2 2018.
- LPL Financial's portfolio value rose 4.9% quarter-over-quarter to $38.1B.
Based on LPL Financial's 13F filing for Q2 2018, filed 14 Aug 2018.