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 Core S&P Mid-Cap ETF
IJH
|
+$109M |
| 2 |
iShares Russell 2000 ETF
IWM
|
+$91.3M |
| 3 |
iShares Core S&P Small-Cap ETF
IJR
|
+$89.2M |
| 4 |
iShares Short Maturity Bond ETF
NEAR
|
+$87.5M |
| 5 |
Invesco QQQ Trust
QQQ
|
+$76.2M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
State Street SPDR Dow Jones Industrial Average ETF Trust
DIA
|
+$36.6M |
| 2 |
State Street Industrial Select Sector SPDR ETF
XLI
|
+$35.8M |
| 3 |
iShare MSCI Eurozone ETF
EZU
|
+$34.1M |
| 4 |
iShares MSCI Singapore ETF
EWS
|
+$32.2M |
| 5 |
iShares 5-10 Year Investment Grade Corporate Bond ETF
IGIB
|
+$28.8M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 3.42% |
| 2 | Financials | 2.78% |
| 3 | Healthcare | 2.37% |
| 4 | Industrials | 2.25% |
| 5 | Consumer Discretionary | 2.03% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
351
Schwab US Broad Market ETF
SCHB
$42.8B
| $15.8M | 0.04% |
1,350,810
+346,386
| +34% | +$3.99M |
|
352
Ares Capital
ARCC
$13.6B
| $15.8M | 0.04% |
917,933
+185,515
| +25% | +$3.18M |
|
353
Schwab U.S Small- Cap ETF
SCHA
$22.4B
| $15.7M | 0.04% |
823,084
+43,952
| +6% | +$838K |
|
354
State Street SPDR S&P 600 Small Cap Value ETF
SLYV
$4.9B
| $15.7M | 0.04% |
229,501
-23,936
| -9% | -$1.65M |
|
|
WBII
355
DELISTED
WBI BullBear Global Income ETF
WBII
| $15.5M | 0.04% |
648,233
+87,821
| +16% | +$2.11M |
|
|
CSF
356
DELISTED
VictoryShares US Discovery Enhanced Volatility Wtd ETF
CSF
| $15.4M | 0.04% |
318,601
+15,176
| +5% | +$745K |
|
357
State Street SPDR S&P Bank ETF
KBE
$1.63B
| $15.4M | 0.04% |
331,094
+10,052
| +3% | +$490K |
|
|
XYZ
358
Block Inc
XYZ
$48.4B
| $15.4M | 0.04% |
155,259
+8,061
| +5% | +$622K |
|
359
iShares 0-1 Year Treasury Bond ETF
SHV
$20.8B
| $15.4M | 0.04% |
139,050
+28,261
| +26% | +$3.12M |
|
360
VanEck Fallen Angel High Yield Bond ETF
ANGL
$3.08B
| $15.3M | 0.04% |
524,903
+4,167
| +0.8% | +$120K |
|
361
Vanguard Russell 2000 ETF
VTWO
$17.4B
| $15.2M | 0.04% |
224,464
+34,134
| +18% | +$2.32M |
|
362
Public Storage
PSA
$60.5B
| $15.1M | 0.04% |
74,975
-476
| -0.6% | -$103K |
|
363
Vanguard Industrials ETF
VIS
$8.26B
| $15.1M | 0.04% |
102,273
+1,398
| +1% | +$202K |
|
364
Biogen
BIIB
$29.5B
| $15.1M | 0.04% |
42,666
-272
| -0.6% | -$93.7K |
|
365
iShares US Energy ETF
IYE
$1.71B
| $15M | 0.04% |
358,297
-5,908
| -2% | -$244K |
|
366
iShares Expanded Tech-Software Sector ETF
IGV
$12.2B
| $15M | 0.04% |
366,510
+122,495
| +50% | +$4.79M |
|
367
Paychex
PAYX
$41.1B
| $14.9M | 0.04% |
202,883
+14,276
| +8% | +$1.03M |
|
368
TotalEnergies
TTE
$187B
| $14.9M | 0.04% |
230,997
-61,212
| -21% | -$3.84M |
|
369
WisdomTree US LargeCap Dividend Fund
DLN
$6.25B
| $14.8M | 0.04% |
310,908
+3,708
| +1% | +$174K |
|
370
iShares Select U.S. REIT ETF
ICF
$2.12B
| $14.8M | 0.04% |
295,414
-15,474
| -5% | -$785K |
|
371
Intuitive Surgical
ISRG
$128B
| $14.7M | 0.04% |
76,980
+5,145
| +7% | +$914K |
|
372
Vanguard Tax-Exempt Bond Index Fund
VTEB
$45.2B
| $14.6M | 0.04% |
289,561
+33,924
| +13% | +$1.73M |
|
373
Vanguard World Funds Extended Duration ETF
EDV
$3.33B
| $14.6M | 0.04% |
134,381
+13,100
| +11% | +$1.48M |
|
374
Amplify Cybersecurity ETF
HACK
$2.65B
| $14.6M | 0.03% |
363,110
+33,854
| +10% | +$1.32M |
|
375
Realty Income
O
$61.1B
| $14.6M | 0.03% |
264,331
+16,211
| +7% | +$893K |
|
Similar funds
LPL Financial's Q3 2018 Portfolio in Review
As of Q3 2018, LPL Financial held 3,397 positions worth $41.7B, up 9.5% from $38.1B the previous quarter. Its ten largest holdings account for 24% of the portfolio.
LPL Financial deployed $1.97B of net new capital in Q3 2018, opening 192 new positions and adding to 1,682 existing holdings. Its largest new stake was Xtrackers USD High Yield Corporate Bond ETF: 728,055 shares worth $29M.
By sector, the portfolio is most concentrated in Technology at 3.4% 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 Dow Jones Industrial Average ETF Trust, an estimated $36.6M trimmed.
- LPL Financial's largest Q3 2018 buy was Xtrackers USD High Yield Corporate Bond ETF: 728,055 shares worth $29M.
- LPL Financial added most to iShares Core S&P Mid-Cap ETF in Q3 2018, an estimated $109M increase.
- LPL Financial's biggest Q3 2018 reduction was State Street SPDR Dow Jones Industrial Average ETF Trust, cutting an estimated $36.6M.
- LPL Financial fully exited iShares iBonds Sep 2018 Term Muni Bond ETF in Q3 2018, selling an estimated $2.44M.
- LPL Financial's ten largest holdings make up 24% of its $41.7B portfolio in Q3 2018.
- LPL Financial opened 192 new positions and closed 170 in Q3 2018.
- LPL Financial's portfolio value rose 9.5% quarter-over-quarter to $41.7B.
Based on LPL Financial's 13F filing for Q3 2018, filed 14 Nov 2018.