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 | |
|---|---|---|---|---|---|---|
376
iShares 0-5 Year High Yield Corporate Bond ETF
SHYG
$7.6B
| $13.2M | 0.04% |
296,861
+15,166
| +5% | +$696K |
|
|
PPL
377
PPL Corp
PPL
$27.1B
| $13.1M | 0.03% |
461,603
+23,440
| +5% | +$712K |
|
378
American Electric Power
AEP
$72.7B
| $13M | 0.03% |
173,940
+7,959
| +5% | +$597K |
|
379
Amplify Cybersecurity ETF
HACK
$2.65B
| $12.8M | 0.03% |
380,960
+17,850
| +5% | +$639K |
|
380
Vanguard Russell 2000 ETF
VTWO
$17.4B
| $12.8M | 0.03% |
238,648
+14,184
| +6% | +$850K |
|
381
Target
TGT
$63.7B
| $12.8M | 0.03% |
193,562
+31,680
| +20% | +$2.44M |
|
382
Goldman Sachs
GS
$309B
| $12.7M | 0.03% |
76,118
-7,494
| -9% | -$1.51M |
|
383
Cheniere Energy
LNG
$53.6B
| $12.6M | 0.03% |
213,468
+70,307
| +49% | +$4.33M |
|
384
TotalEnergies
TTE
$187B
| $12.5M | 0.03% |
240,403
+9,406
| +4% | +$539K |
|
385
ALPS Sector Dividend Dogs ETF
SDOG
$1.42B
| $12.5M | 0.03% |
320,495
-96,574
| -23% | -$4.18M |
|
|
WBA
386
DELISTED
Walgreens Boots Alliance
WBA
| $12.5M | 0.03% |
183,321
+26,761
| +17% | +$2.08M |
|
387
Invesco S&P Global Water Index ETF
CGW
$1.05B
| $12.4M | 0.03% |
399,471
+2,331
| +0.6% | +$76.6K |
|
388
CSX Corp
CSX
$96B
| $12.4M | 0.03% |
599,487
-68,577
| -10% | -$1.58M |
|
|
CELG
389
DELISTED
Celgene Corp
CELG
| $12.4M | 0.03% |
193,073
-22,749
| -11% | -$1.68M |
|
390
iShares US Financial Services ETF
IYG
$2.16B
| $12.3M | 0.03% |
329,580
-62,859
| -16% | -$2.59M |
|
391
General Motors
GM
$78.7B
| $12.2M | 0.03% |
364,755
-59,483
| -14% | -$2.05M |
|
392
Invesco International BuyBack Achievers ETF
IPKW
$540M
| $12.2M | 0.03% |
423,365
+336,718
| +389% | +$10.5M |
|
393
iShares Morningstar US Equity ETF
ILCB
$1.26B
| $12.2M | 0.03% |
341,408
-175,928
| -34% | -$6.86M |
|
394
Vanguard S&P Mid-Cap 400 ETF
IVOO
$3.74B
| $12.1M | 0.03% |
216,674
-149,764
| -41% | -$9.22M |
|
395
Mondelez International
MDLZ
$77.9B
| $12M | 0.03% |
300,469
+9,341
| +3% | +$398K |
|
396
Consolidated Edison
ED
$41.1B
| $12M | 0.03% |
156,584
+1,237
| +0.8% | +$96.7K |
|
397
Invesco S&P SmallCap 600 Revenue ETF
RWJ
$2.06B
| $12M | 0.03% |
626,142
-18,849
| -3% | -$416K |
|
398
Tesla
TSLA
$1.22T
| $11.9M | 0.03% |
538,530
-42,945
| -7% | -$924K |
|
399
Novartis
NVS
$297B
| $11.9M | 0.03% |
154,945
+8,049
| +5% | +$627K |
|
400
Invesco Financial Preferred ETF
PGF
$675M
| $11.8M | 0.03% |
678,642
-78,222
| -10% | -$1.38M |
|
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.