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 500 ETF
IVV
|
+$166M |
| 2 |
iShares Core S&P Mid-Cap ETF
IJH
|
+$133M |
| 3 |
Vanguard FTSE Developed Markets ETF
VEA
|
+$126M |
| 4 |
iShares Core MSCI Emerging Markets ETF
IEMG
|
+$120M |
| 5 |
iShares Core MSCI EAFE ETF
IEFA
|
+$117M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
iShares Core US Aggregate Bond ETF
AGG
|
+$65.1M |
| 2 |
iShares S&P Small-Cap 600 Growth ETF
IJT
|
+$42.7M |
| 3 |
iShares 7-10 Year Treasury Bond ETF
IEF
|
+$38.3M |
| 4 |
Invesco S&P 500 Equal Weight ETF
RSP
|
+$36.5M |
| 5 |
Vanguard S&P 500 Value ETF
VOOV
|
+$27.8M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 3.1% |
| 2 | Financials | 2.91% |
| 3 | Industrials | 2.38% |
| 4 | Healthcare | 2.26% |
| 5 | Communication Services | 2.04% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
401
Nucor
NUE
$60.5B
| $12.1M | 0.03% |
198,815
+8,574
| +5% | +$568K |
|
402
Invesco Actively Managed Exch-Traded Commodity Fd Tr Invesco Optimum Yield Diversified Commodity Strategy No K-1 ETF
PDBC
$6.2B
| $12.1M | 0.03% |
681,235
+346,866
| +104% | +$6.11M |
|
|
PPL
403
PPL Corp
PPL
$27.3B
| $12.1M | 0.03% |
427,040
+222,597
| +109% | +$6.63M |
|
404
First Trust Small Cap Growth AlphaDEX Fund
FYC
$1.26B
| $12.1M | 0.03% |
278,142
-84,306
| -23% | -$3.66M |
|
405
Welltower
WELL
$172B
| $12.1M | 0.03% |
221,448
+117,234
| +112% | +$6.62M |
|
406
Micron Technology
MU
$927B
| $12M | 0.03% |
230,731
+95,432
| +71% | +$4.57M |
|
407
First Trust Small Cap Core AlphaDEX Fund
FYX
$1.38B
| $12M | 0.03% |
198,998
-4,266
| -2% | -$261K |
|
408
iShares MSCI Netherlands ETF
EWN
$557M
| $11.8M | 0.03% |
369,454
-264,333
| -42% | -$8.57M |
|
409
Invesco KBW High Dividend Yield Financial ETF
KBWD
$417M
| $11.8M | 0.03% |
519,890
+30,475
| +6% | +$696K |
|
410
Paychex
PAYX
$42.3B
| $11.7M | 0.03% |
189,968
+19,944
| +12% | +$1.32M |
|
411
American Express
AXP
$227B
| $11.7M | 0.03% |
125,320
+25,846
| +26% | +$2.5M |
|
412
Realty Income
O
$61.3B
| $11.6M | 0.03% |
231,434
+76,842
| +50% | +$3.83M |
|
413
Morgan Stanley
MS
$333B
| $11.6M | 0.03% |
214,730
+69,406
| +48% | +$3.84M |
|
|
RDS.A
414
DELISTED
Royal Dutch Shell PLC ADS Class A
RDS.A
| $11.6M | 0.03% |
181,232
+19,067
| +12% | +$1.26M |
|
415
VanEck BDC Income ETF
BIZD
$1.62B
| $11.5M | 0.03% |
709,590
-99,731
| -12% | -$1.62M |
|
416
ROBO Global Robotics & Automation Index ETF
ROBO
$1.91B
| $11.5M | 0.03% |
275,501
+83,053
| +43% | +$3.6M |
|
417
American Electric Power
AEP
$72.4B
| $11.3M | 0.03% |
165,290
+68,842
| +71% | +$4.63M |
|
418
Vanguard Tax-Exempt Bond Index Fund
VTEB
$45.3B
| $11.3M | 0.03% |
221,940
+35,498
| +19% | +$1.81M |
|
419
Schwab US Aggregate Bond ETF
SCHZ
$10.6B
| $11.2M | 0.03% |
439,696
+21,940
| +5% | +$561K |
|
420
First Trust NASDAQ Technology Dividend Index Fund
TDIV
$4.11B
| $11.1M | 0.03% |
310,788
+15,712
| +5% | +$573K |
|
421
Public Service Enterprise Group
PEG
$39.3B
| $11.1M | 0.03% |
220,397
+111,880
| +103% | +$5.49M |
|
|
SCHW
422
Charles Schwab
SCHW
$184B
| $11.1M | 0.03% |
211,951
+12,871
| +6% | +$690K |
|
|
AGN
423
DELISTED
Allergan plc
AGN
| $11M | 0.03% |
65,487
+14,282
| +28% | +$2.4M |
|
424
Vanguard Russell 2000 ETF
VTWO
$17.5B
| $10.9M | 0.03% |
179,562
+47,560
| +36% | +$2.95M |
|
425
Blackstone
BX
$107B
| $10.9M | 0.03% |
342,205
+17,514
| +5% | +$597K |
|
Similar funds
LPL Financial's Q1 2018 Portfolio in Review
As of Q1 2018, LPL Financial held 3,320 positions worth $36.3B, up 11% from $32.9B the previous quarter. Its ten largest holdings account for 23% of the portfolio.
LPL Financial deployed $3.99B of net new capital in Q1 2018, opening 302 new positions and adding to 1,901 existing holdings. Its largest new stake was WBI BullBear Global High Income ETF: 1,817,591 shares worth $44.3M.
By sector, the portfolio is most concentrated in Technology at 3.1% of assets, up from 3% a quarter earlier, followed by Financials and Industrials.
On the sell side, the largest reduction was iShares Core US Aggregate Bond ETF, an estimated $65.1M trimmed.
- LPL Financial's largest Q1 2018 buy was WBI BullBear Global High Income ETF: 1,817,591 shares worth $44.3M.
- LPL Financial added most to iShares Core S&P 500 ETF in Q1 2018, an estimated $166M increase.
- LPL Financial's biggest Q1 2018 reduction was iShares Core US Aggregate Bond ETF, cutting an estimated $65.1M.
- LPL Financial fully exited Potash Corp Of Saskatchewan in Q1 2018, selling an estimated $2.09M.
- LPL Financial's ten largest holdings make up 23% of its $36.3B portfolio in Q1 2018.
- LPL Financial opened 302 new positions and closed 144 in Q1 2018.
- LPL Financial's portfolio value rose 11% quarter-over-quarter to $36.3B.
Based on LPL Financial's 13F filing for Q1 2018, filed 15 May 2018.