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 | |
|---|---|---|---|---|---|---|
401
State Street SPDR Portfolio S&P 500 High Dividend ETF
SPYD
$7.62B
| $14.1M | 0.03% |
574,092
+166,888
| +41% | +$5.81M |
|
402
Nuveen Floating Rate Income Fund
JFR
$1.24B
| $14M | 0.03% |
1,855,104
+463,894
| +33% | +$4.3M |
|
403
Intuitive Surgical
ISRG
$127B
| $14M | 0.03% |
84,792
-7,392
| -8% | -$1.35M |
|
404
State Street SPDR Portfolio Intermediate Term Treasury ETF
SPTI
$10.4B
| $13.8M | 0.03% |
415,640
+214,770
| +107% | +$6.84M |
|
405
Regeneron Pharmaceuticals
REGN
$78.5B
| $13.7M | 0.03% |
28,157
+421
| +2% | +$174K |
|
406
iShares US Financials ETF
IYF
$4.67B
| $13.7M | 0.03% |
282,018
-149,646
| -35% | -$9.47M |
|
407
iShares US Industrials ETF
IYJ
$1.98B
| $13.7M | 0.03% |
220,142
-65,552
| -23% | -$5.11M |
|
408
iShares Core 60/40 Balanced Allocation ETF
AOR
$3.66B
| $13.6M | 0.03% |
328,424
+43,024
| +15% | +$1.97M |
|
409
American Express
AXP
$227B
| $13.6M | 0.03% |
158,683
+4,922
| +3% | +$573K |
|
410
Autodesk
ADSK
$49.5B
| $13.6M | 0.03% |
86,911
-452
| -0.5% | -$83K |
|
411
PGIM Ultra Short Bond ETF
PULS
$17.7B
| $13.5M | 0.03% |
278,325
+34,056
| +14% | +$1.69M |
|
412
Pacer Data & Infrastructure Real Estate ETF
SRVR
$372M
| $13.5M | 0.03% |
441,223
+168,418
| +62% | +$5.54M |
|
413
CSX Corp
CSX
$93.4B
| $13.4M | 0.03% |
703,266
-12,306
| -2% | -$287K |
|
414
Welltower
WELL
$169B
| $13.4M | 0.03% |
293,220
+24,711
| +9% | +$1.82M |
|
415
Phillips 66
PSX
$84.9B
| $13.4M | 0.03% |
249,402
+25,170
| +11% | +$2.05M |
|
416
Canadian Imperial Bank of Commerce
CM
$108B
| $13.3M | 0.03% |
460,020
+31,892
| +7% | +$1.19M |
|
417
Vanguard S&P Small-Cap 600 ETF
VIOO
$4.15B
| $13.3M | 0.03% |
259,160
-34,612
| -12% | -$2.34M |
|
418
ProShares Large Cap Core Plus
CSM
$518M
| $13.3M | 0.03% |
448,096
-57,138
| -11% | -$2.06M |
|
419
First Trust Horizon Managed Volatility Developed International ETF
HDMV
$17.6M
| $13.2M | 0.03% |
509,358
+124,944
| +33% | +$3.92M |
|
420
Constellation Brands
STZ
$22.2B
| $13.1M | 0.03% |
91,528
+1,903
| +2% | +$336K |
|
421
PNC Financial Services
PNC
$99.7B
| $13.1M | 0.03% |
136,541
+12,102
| +10% | +$1.63M |
|
422
Consolidated Edison
ED
$40.1B
| $13M | 0.03% |
166,063
+4,411
| +3% | +$387K |
|
423
Zoetis
ZTS
$32.4B
| $12.9M | 0.03% |
109,995
+11,988
| +12% | +$1.58M |
|
424
iShares JPMorgan EM High Yield Bond ETF
EMHY
$620M
| $12.9M | 0.03% |
339,662
+157,442
| +86% | +$7.06M |
|
425
State Street Materials Select Sector SPDR ETF
XLB
$8.5B
| $12.9M | 0.03% |
572,658
-2,412
| -0.4% | -$66.2K |
|
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.