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 | |
|---|---|---|---|---|---|---|
426
Consolidated Edison
ED
$41.1B
| $11.8M | 0.03% |
155,347
-2,685
| -2% | -$212K |
|
427
VanEck Gold Miners ETF
GDX
$23.2B
| $11.8M | 0.03% |
639,025
-80,879
| -11% | -$1.61M |
|
428
Schwab International Equity ETF
SCHF
$65.9B
| $11.8M | 0.03% |
702,206
+1,326
| +0.2% | +$22.1K |
|
429
American Electric Power
AEP
$72.7B
| $11.8M | 0.03% |
165,981
+330
| +0.2% | +$23.5K |
|
430
Accenture
ACN
$94.3B
| $11.7M | 0.03% |
68,915
+1,652
| +2% | +$275K |
|
431
iShares MSCI Netherlands ETF
EWN
$563M
| $11.7M | 0.03% |
387,984
-404,411
| -51% | -$12.5M |
|
432
iShares 10+ Year Investment Grade Corporate Bond ETF
IGLB
$2.64B
| $11.7M | 0.03% |
200,732
-1,469
| -0.7% | -$85.9K |
|
433
United States Oil Fund
USO
$2.07B
| $11.7M | 0.03% |
94,070
-8,997
| -9% | -$1.04M |
|
|
RDS.A
434
DELISTED
Royal Dutch Shell PLC ADS Class A
RDS.A
| $11.6M | 0.03% |
170,676
+4,096
| +2% | +$274K |
|
435
iShares US Transportation ETF
IYT
$2.32B
| $11.6M | 0.03% |
227,396
+13,156
| +6% | +$658K |
|
436
iShares US Utilities ETF
IDU
$1.39B
| $11.6M | 0.03% |
172,568
+26,412
| +18% | +$1.78M |
|
437
Autodesk
ADSK
$47.7B
| $11.5M | 0.03% |
73,664
+722
| +1% | +$102K |
|
438
WBI BullBear Yield 3000 ETF
WBIG
$30.2M
| $11.5M | 0.03% |
428,602
+174,195
| +68% | +$4.69M |
|
439
Goldman Sachs Access Investment Grade Corporate Bond ETF
GIGB
$969M
| $11.5M | 0.03% |
239,043
+226,781
| +1,849% | +$10.9M |
|
440
Invesco S&P MidCap 400 Revenue ETF
RWK
$1.31B
| $11.5M | 0.03% |
182,643
-57,530
| -24% | -$3.64M |
|
441
JPMorgan Ultra-Short Income ETF
JPST
$40.1B
| $11.4M | 0.03% |
228,102
+149,789
| +191% | +$7.52M |
|
442
Diageo
DEO
$47.3B
| $11.4M | 0.03% |
80,616
+5,198
| +7% | +$746K |
|
|
WBA
443
DELISTED
Walgreens Boots Alliance
WBA
| $11.4M | 0.03% |
156,560
+1,525
| +1% | +$104K |
|
444
Automatic Data Processing
ADP
$102B
| $11.4M | 0.03% |
75,558
+7,632
| +11% | +$1.08M |
|
445
National Grid
NGG
$81.6B
| $11.4M | 0.03% |
248,003
-7,510
| -3% | -$357K |
|
446
Novartis
NVS
$297B
| $11.3M | 0.03% |
146,896
+11,828
| +9% | +$874K |
|
447
Invesco FTSE RAFI US 1500 Small-Mid ETF
PRFZ
$2.77B
| $11.3M | 0.03% |
397,665
+5,670
| +1% | +$162K |
|
448
State Street SPDR S&P Semiconductor ETF
XSD
$2.75B
| $11.3M | 0.03% |
148,484
+9,767
| +7% | +$741K |
|
|
AET
449
DELISTED
Aetna Inc
AET
| $11.3M | 0.03% |
55,488
-4,650
| -8% | -$909K |
|
450
Canadian Imperial Bank of Commerce
CM
$108B
| $11.2M | 0.03% |
239,936
+16,534
| +7% | +$760K |
|
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.