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 |
State Street SPDR S&P 500 ETF Trust
SPY
|
+$211M |
| 2 |
iShares ESG Aware MSCI USA ETF
ESGU
|
+$132M |
| 3 |
Goldman Sachs ActiveBeta US Large Cap Equity ETF
GSLC
|
+$96.7M |
| 4 |
State Street SPDR Bloomberg 1-3 Month T-Bill ETF
BIL
|
+$96.1M |
| 5 |
Vanguard S&P 500 ETF
VOO
|
+$92.8M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
VictoryShares US Large Cap High Div Volatility Wtd ETF
CDL
|
+$72.7M |
| 2 |
iShares Core US Aggregate Bond ETF
AGG
|
+$65.8M |
| 3 |
iShares 1-3 Year Treasury Bond ETF
SHY
|
+$59.2M |
| 4 |
iShares US Real Estate ETF
IYR
|
+$56.8M |
| 5 |
Invesco FTSE RAFI US 1000 ETF
PRF
|
+$55.7M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 4.59% |
| 2 | Healthcare | 2.61% |
| 3 | Financials | 2.51% |
| 4 | Consumer Discretionary | 2.22% |
| 5 | Communication Services | 2.18% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
326
State Street SPDR US Large Cap Low Volatility Index ETF
LGLV
$1.2B
| $19.1M | 0.04% |
210,706
+18,743
| +10% | +$2.05M |
|
|
DOCU
327
DocuSign
DOCU
$10.5B
| $19M | 0.04% |
205,688
+28,525
| +16% | +$2.29M |
|
328
First Trust North American Energy Infrastructure Fund
EMLP
$4.11B
| $18.7M | 0.04% |
1,050,139
-139,102
| -12% | -$3.25M |
|
329
PIMCO Corporate & Income Opportunity Fund
PTY
$2.48B
| $18.7M | 0.04% |
1,445,088
-81,189
| -5% | -$1.42M |
|
|
RTN
330
DELISTED
Raytheon Company
RTN
| $18.6M | 0.04% |
142,099
+57
| +0% | +$11.3K |
|
331
Clorox
CLX
$11.6B
| $18.5M | 0.04% |
106,798
-17,973
| -14% | -$2.97M |
|
332
Blackstone
BX
$102B
| $18.4M | 0.04% |
402,826
-44,517
| -10% | -$2.46M |
|
333
Invesco S&P 500 Quality ETF
SPHQ
$19.4B
| $18.3M | 0.04% |
610,077
+262,973
| +76% | +$9.12M |
|
334
iShares MSCI EAFE Value ETF
EFV
$28.8B
| $18.3M | 0.04% |
511,444
+56,126
| +12% | +$2.5M |
|
335
State Street SPDR Nuveen ICE Municipal Bond ETF
TFI
$3.05B
| $18M | 0.04% |
359,145
+37,554
| +12% | +$1.91M |
|
336
BCE
BCE
$20.2B
| $17.8M | 0.04% |
434,887
+10,009
| +2% | +$449K |
|
337
iShares Select U.S. REIT ETF
ICF
$2.09B
| $17.6M | 0.04% |
384,786
-159,346
| -29% | -$8.92M |
|
338
VictoryShares US 500 Volatility Wtd ETF
CFA
$538M
| $17.5M | 0.04% |
413,621
-66,387
| -14% | -$3.47M |
|
339
iShares MSCI Germany ETF
EWG
$1.59B
| $17.5M | 0.04% |
816,066
+507,109
| +164% | +$13.5M |
|
340
GE Aerospace
GE
$374B
| $17.5M | 0.04% |
441,811
+25,745
| +6% | +$1.37M |
|
341
First Trust NASDAQ Cybersecurity ETF
CIBR
$14.4B
| $17.4M | 0.04% |
674,412
+71,549
| +12% | +$2.1M |
|
342
Shopify
SHOP
$152B
| $17.3M | 0.04% |
416,070
+26,610
| +7% | +$1.2M |
|
343
iShares MSCI EAFE Small-Cap ETF
SCZ
$13.4B
| $17.3M | 0.04% |
384,818
-59,357
| -13% | -$3.3M |
|
344
iShares US Utilities ETF
IDU
$1.35B
| $17.2M | 0.04% |
249,514
+12,382
| +5% | +$988K |
|
345
iShares Short-Term National Muni Bond ETF
SUB
$11.4B
| $17.2M | 0.04% |
162,056
-7,772
| -5% | -$826K |
|
346
iShares Dow Jones US ETF
IYY
$2.95B
| $17.2M | 0.04% |
272,860
+10,926
| +4% | +$825K |
|
|
IBDP
347
DELISTED
iShares iBonds Dec 2024 Term Corporate ETF
IBDP
| $17.2M | 0.04% |
695,931
+212,060
| +44% | +$5.39M |
|
|
FISV
348
Fiserv Inc
FISV
$28.8B
| $17.1M | 0.04% |
180,240
+31,748
| +21% | +$3.53M |
|
349
Novartis
NVS
$297B
| $17.1M | 0.04% |
206,979
+10,698
| +5% | +$954K |
|
350
Xtrackers USD High Yield Corporate Bond ETF
HYLB
$3.52B
| $17.1M | 0.04% |
483,795
-76,999
| -14% | -$2.98M |
|
Similar funds
LPL Financial's Q1 2020 Portfolio in Review
As of Q1 2020, LPL Financial held 3,530 positions worth $46.4B, down 16% from $55B the previous quarter. Its ten largest holdings account for 22% of the portfolio.
LPL Financial's Q1 2020 filing shows 190 new, 1,571 increased, 1,390 reduced and 328 closed positions. Its largest new stake was WisdomTree US Value Fund: 685,092 shares worth $22.2M. The largest sale was VictoryShares US Large Cap High Div Volatility Wtd ETF, an estimated $72.7M.
By sector, the portfolio is most concentrated in Technology at 4.6% of assets, up from 4.1% a quarter earlier, followed by Healthcare and Financials.
- LPL Financial's largest Q1 2020 buy was WisdomTree US Value Fund: 685,092 shares worth $22.2M.
- LPL Financial added most to State Street SPDR S&P 500 ETF Trust in Q1 2020, an estimated $211M increase.
- LPL Financial's biggest Q1 2020 reduction was VictoryShares US Large Cap High Div Volatility Wtd ETF, cutting an estimated $72.7M.
- LPL Financial fully exited iShares MSCI Italy ETF in Q1 2020, selling an estimated $13.2M.
- LPL Financial's ten largest holdings make up 22% of its $46.4B portfolio in Q1 2020.
- LPL Financial opened 190 new positions and closed 328 in Q1 2020.
- LPL Financial's portfolio value fell 16% quarter-over-quarter to $46.4B.
Based on LPL Financial's 13F filing for Q1 2020, filed 14 May 2020.