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 US Aggregate Bond ETF
AGG
|
+$127M |
| 2 |
iShares Core S&P Total US Stock Market ETF
ITOT
|
+$86.5M |
| 3 |
iShares MSCI USA Min Vol Factor ETF
USMV
|
+$66.9M |
| 4 |
State Street SPDR Portfolio Intermediate Term Corporate Bond ETF
SPIB
|
+$58.9M |
| 5 |
Vanguard Total Stock Market ETF
VTI
|
+$57.7M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
iShares Core S&P Small-Cap ETF
IJR
|
+$67M |
| 2 |
State Street Technology Select Sector SPDR ETF
XLK
|
+$44.8M |
| 3 |
iShares Core S&P Mid-Cap ETF
IJH
|
+$38.8M |
| 4 |
State Street Consumer Discretionary Select Sector SPDR ETF
XLY
|
+$36.2M |
| 5 |
iShares MSCI Germany ETF
EWG
|
+$35.2M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 3.13% |
| 2 | Financials | 2.74% |
| 3 | Healthcare | 2.44% |
| 4 | Industrials | 2.02% |
| 5 | Communication Services | 2.02% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
351
BCE
BCE
$19.8B
| $14.4M | 0.04% |
363,071
+9,086
| +3% | +$372K |
|
352
Schwab US Mid-Cap ETF
SCHM
$14.6B
| $14.3M | 0.04% |
897,123
+49,650
| +6% | +$868K |
|
353
Invesco S&P MidCap 400 Pure Growth ETF
RFG
$345M
| $14.2M | 0.04% |
537,675
+2,905
| +0.5% | +$85K |
|
354
iShares US Industrials ETF
IYJ
$2B
| $14.1M | 0.04% |
220,140
-31,074
| -12% | -$2.18M |
|
355
First Trust Cloud Computing ETF
SKYY
$2.78B
| $14.1M | 0.04% |
291,058
-31,354
| -10% | -$1.61M |
|
356
Kraft Heinz
KHC
$31.1B
| $13.9M | 0.04% |
323,900
-9,839
| -3% | -$510K |
|
357
Invesco S&P 500 Pure Value ETF
RPV
$1.65B
| $13.9M | 0.04% |
245,127
+3,977
| +2% | +$253K |
|
358
Ares Capital
ARCC
$13.6B
| $13.9M | 0.04% |
889,239
-28,694
| -3% | -$475K |
|
359
First Trust Small Cap Core AlphaDEX Fund
FYX
$1.36B
| $13.8M | 0.04% |
255,754
+4,864
| +2% | +$295K |
|
360
iShares Core Moderate Allocation ETF
AOM
$1.75B
| $13.8M | 0.04% |
386,968
+23,443
| +6% | +$855K |
|
361
iShares MSCI France ETF
EWQ
$326M
| $13.8M | 0.04% |
519,084
+432,701
| +501% | +$12.2M |
|
362
First Trust Europe AlphaDEX Fund
FEP
$513M
| $13.8M | 0.04% |
443,822
-103,674
| -19% | -$3.47M |
|
363
Texas Instruments
TXN
$255B
| $13.7M | 0.04% |
145,157
-3,478
| -2% | -$337K |
|
364
iShares S&P 100 ETF
OEF
$19.8B
| $13.6M | 0.04% |
122,188
+19,877
| +19% | +$2.39M |
|
365
Biogen
BIIB
$29.5B
| $13.6M | 0.04% |
45,184
+2,518
| +6% | +$804K |
|
366
American Express
AXP
$226B
| $13.6M | 0.04% |
142,419
+21,317
| +18% | +$2.23M |
|
367
iShares US Utilities ETF
IDU
$1.39B
| $13.6M | 0.04% |
202,264
+29,696
| +17% | +$2.04M |
|
368
State Street Real Estate Select Sector SPDR ETF
XLRE
$8.69B
| $13.5M | 0.04% |
436,135
+287,639
| +194% | +$9.32M |
|
369
Accenture
ACN
$94.3B
| $13.5M | 0.04% |
95,597
+26,682
| +39% | +$4.22M |
|
370
iShares Core 1-5 Year USD Bond ETF
ISTB
$5.11B
| $13.5M | 0.04% |
274,406
-5,277
| -2% | -$258K |
|
371
iShares Core Universal USD Bond ETF
IUSB
$43B
| $13.5M | 0.04% |
273,235
-20,213
| -7% | -$985K |
|
372
State Street Materials Select Sector SPDR ETF
XLB
$8.66B
| $13.4M | 0.04% |
532,016
+61,048
| +13% | +$1.63M |
|
|
IBDL
373
DELISTED
iShares iBonds Dec 2020 Term Corporate ETF
IBDL
| $13.4M | 0.04% |
535,473
+102,034
| +24% | +$2.55M |
|
374
Paychex
PAYX
$41.1B
| $13.3M | 0.04% |
204,370
+1,487
| +0.7% | +$101K |
|
|
HFRO
375
Highland Opportunities and Income Fund
HFRO
$403M
| $13.2M | 0.04% |
1,034,455
+662,136
| +178% | +$9.74M |
|
Similar funds
LPL Financial's Q4 2018 Portfolio in Review
As of Q4 2018, LPL Financial held 3,382 positions worth $37.6B, down 9.9% from $41.7B the previous quarter. Its ten largest holdings account for 24% of the portfolio.
LPL Financial's Q4 2018 filing shows 155 new, 1,459 increased, 1,397 reduced and 312 closed positions. Its largest new stake was Global X Adaptive US Factor ETF: 452,590 shares worth $9.97M. The largest sale was iShares Core S&P Small-Cap ETF, an estimated $67M.
By sector, the portfolio is most concentrated in Technology at 3.1% of assets, down from 3.4% a quarter earlier, followed by Financials and Healthcare.
- LPL Financial's largest Q4 2018 buy was Global X Adaptive US Factor ETF: 452,590 shares worth $9.97M.
- LPL Financial added most to iShares Core US Aggregate Bond ETF in Q4 2018, an estimated $127M increase.
- LPL Financial's biggest Q4 2018 reduction was iShares Core S&P Small-Cap ETF, cutting an estimated $67M.
- LPL Financial fully exited Corporate Capital Trust, Inc. in Q4 2018, selling an estimated $30.3M.
- LPL Financial's ten largest holdings make up 24% of its $37.6B portfolio in Q4 2018.
- LPL Financial opened 155 new positions and closed 312 in Q4 2018.
- LPL Financial's portfolio value fell 9.9% quarter-over-quarter to $37.6B.
Based on LPL Financial's 13F filing for Q4 2018, filed 7 Feb 2019.