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 | |
|---|---|---|---|---|---|---|
326
Schwab U.S Small- Cap ETF
SCHA
$22.2B
| $18.8M | 0.04% |
1,072,556
+66,872
| +7% | +$1.14M |
|
327
Medtronic
MDT
$111B
| $18.7M | 0.04% |
205,163
+10,656
| +5% | +$954K |
|
328
Welltower
WELL
$172B
| $18.5M | 0.04% |
238,266
+11,469
| +5% | +$860K |
|
|
WBIH
329
DELISTED
WBI BullBear Global High Income ETF
WBIH
| $18.5M | 0.04% |
822,475
-1,275,315
| -61% | -$28.4M |
|
330
Phillips 66
PSX
$82.5B
| $18.4M | 0.04% |
192,838
+3,897
| +2% | +$370K |
|
331
iShares Dow Jones US ETF
IYY
$2.94B
| $17.9M | 0.04% |
254,082
-10,314
| -4% | -$700K |
|
332
ConocoPhillips
COP
$139B
| $17.9M | 0.04% |
267,911
-146
| -0.1% | -$9.82K |
|
333
JPMorgan Diversified Return International Equity ETF
JPIN
$364M
| $17.9M | 0.04% |
323,049
-51,000
| -14% | -$2.78M |
|
334
First Trust Europe AlphaDEX Fund
FEP
$515M
| $17.8M | 0.04% |
512,725
+68,903
| +16% | +$2.34M |
|
335
WBI BullBear Yield 3000 ETF
WBIG
$30.6M
| $17.8M | 0.04% |
724,492
+241,923
| +50% | +$5.79M |
|
|
IBDK
336
DELISTED
iShares iBonds Dec 2019 Term Corporate ETF
IBDK
| $17.7M | 0.04% |
712,495
+76,480
| +12% | +$1.9M |
|
337
VanEck High Yield Muni ETF
HYD
$4.45B
| $17.5M | 0.04% |
279,165
+32,981
| +13% | +$2.03M |
|
338
Vanguard FTSE Europe ETF
VGK
$30.2B
| $17.5M | 0.04% |
325,647
-266,631
| -45% | -$13.9M |
|
339
Vanguard World Funds Extended Duration ETF
EDV
$3.36B
| $17.3M | 0.04% |
144,861
+12,911
| +10% | +$1.47M |
|
340
First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF
HYLS
$1.6B
| $17.2M | 0.04% |
360,573
-39,349
| -10% | -$1.86M |
|
341
First Trust Small Cap Core AlphaDEX Fund
FYX
$1.38B
| $17.2M | 0.04% |
278,524
+22,770
| +9% | +$1.38M |
|
|
IBDL
342
DELISTED
iShares iBonds Dec 2020 Term Corporate ETF
IBDL
| $17.2M | 0.04% |
680,234
+144,761
| +27% | +$3.64M |
|
343
Ares Capital
ARCC
$13.7B
| $17M | 0.04% |
990,489
+101,250
| +11% | +$1.7M |
|
344
Invesco S&P 500 Pure Value ETF
RPV
$1.68B
| $16.9M | 0.04% |
268,104
+22,977
| +9% | +$1.44M |
|
345
Vanguard Russell 1000 Value ETF
VONV
$20.7B
| $16.8M | 0.04% |
311,670
-12,860
| -4% | -$677K |
|
|
PPL
346
PPL Corp
PPL
$27.3B
| $16.7M | 0.04% |
526,957
+65,354
| +14% | +$2.03M |
|
347
iShares Short-Term National Muni Bond ETF
SUB
$11.3B
| $16.7M | 0.04% |
157,779
-45,063
| -22% | -$4.76M |
|
348
iShares US Industrials ETF
IYJ
$2B
| $16.7M | 0.04% |
220,228
+88
| +0% | +$6.37K |
|
349
Paychex
PAYX
$42.3B
| $16.7M | 0.04% |
208,104
+3,734
| +2% | +$275K |
|
350
Accenture
ACN
$101B
| $16.6M | 0.04% |
94,590
-1,007
| -1% | -$158K |
|
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.