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 US Treasury Bond ETF
GOVT
|
+$111M |
| 2 |
iShares 1-3 Year Treasury Bond ETF
SHY
|
+$105M |
| 3 |
State Street SPDR S&P 500 ETF Trust
SPY
|
+$89.7M |
| 4 |
iShares 0-1 Year Treasury Bond ETF
SHV
|
+$85.9M |
| 5 |
iShares MSCI USA Min Vol Factor ETF
USMV
|
+$60.3M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Vanguard Total Bond Market
BND
|
+$136M |
| 2 |
iShares Core MSCI EAFE ETF
IEFA
|
+$44.3M |
| 3 |
WisdomTree US Total Dividend Fund
DTD
|
+$36.3M |
| 4 |
iShares JPMorgan USD Emerging Markets Bond ETF
EMB
|
+$35.2M |
| 5 |
iShares 20+ Year Treasury Bond ETF
TLT
|
+$33.6M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 3.59% |
| 2 | Financials | 2.78% |
| 3 | Healthcare | 2.32% |
| 4 | Consumer Discretionary | 2.14% |
| 5 | Industrials | 2.13% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
476
iShares California Muni Bond ETF
CMF
$4.56B
| $11.1M | 0.02% |
183,004
+25,479
| +16% | +$1.53M |
|
477
Schwab US TIPS ETF
SCHP
$16.3B
| $11.1M | 0.02% |
394,014
+244
| +0.1% | +$6.75K |
|
|
478
WisdomTree US Total Dividend Fund
DTD
$1.65B
| $11M | 0.02% |
226,702
-758,484
| -77% | -$36.3M |
|
479
United Rentals
URI
$70.2B
| $11M | 0.02% |
83,045
+3,504
| +4% | +$445K |
|
480
First Trust Nasdaq-100 Select Equal Weight ETF
QQEW
$1.72B
| $11M | 0.02% |
165,070
+16,088
| +11% | +$1.05M |
|
|
BSCL
481
DELISTED
Invesco BulletShares 2021 Corporate Bond ETF
BSCL
| $11M | 0.02% |
518,600
+29,428
| +6% | +$620K |
|
482
Invesco S&P 500 Quality ETF
SPHQ
$19.5B
| $10.9M | 0.02% |
330,393
+25,993
| +9% | +$849K |
|
|
RDS.B
483
DELISTED
Royal Dutch Shell PLC ADS Class B
RDS.B
| $10.9M | 0.02% |
165,928
+16,731
| +11% | +$1.09M |
|
484
Invesco Large Cap Value ETF
PWV
$1.68B
| $10.8M | 0.02% |
292,909
-11,934
| -4% | -$431K |
|
485
iShares Morningstar Mid-Cap ETF
IMCB
$1.66B
| $10.8M | 0.02% |
222,172
+6,956
| +3% | +$333K |
|
486
Nuveen Floating Rate Income Fund
JFR
$1.24B
| $10.7M | 0.02% |
1,088,557
+134,818
| +14% | +$1.33M |
|
|
CELG
487
DELISTED
Celgene Corp
CELG
| $10.7M | 0.02% |
115,901
-5,230
| -4% | -$497K |
|
488
Emerson Electric
EMR
$83.6B
| $10.7M | 0.02% |
160,383
+11,772
| +8% | +$789K |
|
489
International Paper
IP
$22.5B
| $10.7M | 0.02% |
260,455
+42,123
| +19% | +$1.78M |
|
490
PNC Financial Services
PNC
$99.6B
| $10.6M | 0.02% |
77,469
+2,993
| +4% | +$396K |
|
491
Global X Robotics & Artificial Intelligence ETF
BOTZ
$3.2B
| $10.6M | 0.02% |
510,101
+29,515
| +6% | +$603K |
|
492
iShares Core Conservative Allocation ETF
AOK
$787M
| $10.5M | 0.02% |
295,527
-1,205
| -0.4% | -$41.8K |
|
493
Invesco FTSE RAFI US 1500 Small-Mid ETF
PRFZ
$2.77B
| $10.4M | 0.02% |
409,155
-2,190
| -0.5% | -$56K |
|
494
Zoetis
ZTS
$32.2B
| $10.4M | 0.02% |
91,477
+8,062
| +10% | +$844K |
|
495
Dollar General
DG
$27.2B
| $10.4M | 0.02% |
76,671
+3,241
| +4% | +$410K |
|
496
American Water Works
AWK
$26.3B
| $10.3M | 0.02% |
88,936
+8,262
| +10% | +$912K |
|
497
ServiceNow
NOW
$109B
| $10.3M | 0.02% |
186,890
+20,360
| +12% | +$1.07M |
|
|
WBIE
498
DELISTED
WBI BullBear Rising Income 3000 ETF
WBIE
| $10.2M | 0.02% |
382,438
+57,264
| +18% | +$1.53M |
|
|
PCI
499
DELISTED
PIMCO Dynamic Credit and Mortgage Income Fund
PCI
| $10.2M | 0.02% |
428,068
+16,704
| +4% | +$397K |
|
500
Canadian Imperial Bank of Commerce
CM
$108B
| $10.2M | 0.02% |
260,118
+10,354
| +4% | +$417K |
|
Similar funds
LPL Financial's Q2 2019 Portfolio in Review
As of Q2 2019, LPL Financial held 3,409 positions worth $46.9B, up 6.6% from $44B the previous quarter. Its ten largest holdings account for 23% of the portfolio.
LPL Financial deployed $1.68B of net new capital in Q2 2019, opening 226 new positions and adding to 1,714 existing holdings. Its largest new stake was Dow Inc: 187,402 shares worth $9.24M.
By sector, the portfolio is most concentrated in Technology at 3.6% of assets, up from 3.5% a quarter earlier, followed by Financials and Healthcare.
On the sell side, the largest reduction was Vanguard Total Bond Market, an estimated $136M trimmed.
- LPL Financial's largest Q2 2019 buy was Dow Inc: 187,402 shares worth $9.24M.
- LPL Financial added most to iShares US Treasury Bond ETF in Q2 2019, an estimated $111M increase.
- LPL Financial's biggest Q2 2019 reduction was Vanguard Total Bond Market, cutting an estimated $136M.
- LPL Financial fully exited WBI BullBear Global High Income ETF in Q2 2019, selling an estimated $18.5M.
- LPL Financial's ten largest holdings make up 23% of its $46.9B portfolio in Q2 2019.
- LPL Financial opened 226 new positions and closed 134 in Q2 2019.
- LPL Financial's portfolio value rose 6.6% quarter-over-quarter to $46.9B.
Based on LPL Financial's 13F filing for Q2 2019, filed 9 Aug 2019.