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 | |
|---|---|---|---|---|---|---|
451
Paychex
PAYX
$41.6B
| $11.8M | 0.03% |
188,019
-19,123
| -9% | -$1.53M |
|
452
Unilever
UL
$137B
| $11.8M | 0.03% |
207,898
+91,121
| +78% | +$5.72M |
|
453
Goldman Sachs
GS
$300B
| $11.8M | 0.03% |
76,446
+8,944
| +13% | +$1.9M |
|
454
iShares ESG Optimized MSCI USA ETF
SUSA
$4.01B
| $11.8M | 0.03% |
214,786
+24,874
| +13% | +$1.59M |
|
455
First Trust S&P REIT Index Fund
FRI
$189M
| $11.8M | 0.03% |
622,461
-269,800
| -30% | -$6.6M |
|
456
State Street SPDR Bloomberg Short Term High Yield Bond ETF
SJNK
$4.89B
| $11.6M | 0.03% |
491,727
-45,946
| -9% | -$1.19M |
|
457
L3Harris
LHX
$51.6B
| $11.6M | 0.02% |
64,126
+4,681
| +8% | +$959K |
|
458
ALPS O'Shares U.S. Quality Dividend ETF
OUSA
$748M
| $11.5M | 0.02% |
396,283
-22,289
| -5% | -$763K |
|
459
Schwab International Equity ETF
SCHF
$66.6B
| $11.5M | 0.02% |
889,814
-308,546
| -26% | -$4.74M |
|
460
iShares MSCI USA Value Factor ETF
VLUE
$9.17B
| $11.5M | 0.02% |
182,063
-110,619
| -38% | -$8.94M |
|
461
Dollar General
DG
$28B
| $11.4M | 0.02% |
75,802
-15,794
| -17% | -$2.44M |
|
462
iShares Morningstar Mid-Cap Growth ETF
IMCG
$3.92B
| $11.4M | 0.02% |
314,868
-32,142
| -9% | -$1.36M |
|
463
JPMorgan Ultra-Short Municipal Income ETF
JMST
$7.12B
| $11.4M | 0.02% |
226,931
+118,162
| +109% | +$5.96M |
|
464
First Trust Europe AlphaDEX Fund
FEP
$526M
| $11.4M | 0.02% |
440,584
+9,598
| +2% | +$323K |
|
465
Dow Inc
DOW
$21.9B
| $11.4M | 0.02% |
388,463
+129,108
| +50% | +$5.49M |
|
466
iShares Semiconductor ETF
SOXX
$41.7B
| $11.4M | 0.02% |
166,014
-26,463
| -14% | -$2.1M |
|
467
iShares Core Conservative Allocation ETF
AOK
$788M
| $11.3M | 0.02% |
334,402
-9,434
| -3% | -$336K |
|
|
BSJK
468
DELISTED
Invesco BulletShares 2020 High Yield Corporate Bond ETF
BSJK
| $11.3M | 0.02% |
490,039
-163,466
| -25% | -$3.85M |
|
469
Ares Capital
ARCC
$13.5B
| $11.2M | 0.02% |
1,042,541
-182,195
| -15% | -$3.07M |
|
470
iShares Morningstar US Equity ETF
ILCB
$1.27B
| $11.2M | 0.02% |
306,476
+24,104
| +9% | +$1.06M |
|
471
State Street SPDR S&P 400 Mid Cap Growth ETF
MDYG
$2.8B
| $11.2M | 0.02% |
262,066
-10,116
| -4% | -$534K |
|
472
Cummins
CMI
$87.5B
| $11.2M | 0.02% |
82,855
+6,323
| +8% | +$986K |
|
473
WisdomTree Emerging Markets High Dividend Fund
DEM
$3.9B
| $11.2M | 0.02% |
347,244
-14,252
| -4% | -$577K |
|
474
Goldman Sachs Access Investment Grade Corporate Bond ETF
GIGB
$966M
| $11M | 0.02% |
215,412
-492
| -0.2% | -$25.8K |
|
475
General Dynamics
GD
$104B
| $11M | 0.02% |
82,892
+8,103
| +11% | +$1.35M |
|
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.