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 | |
|---|---|---|---|---|---|---|
501
Invesco S&P SmallCap 600 Pure Growth ETF
RZG
$143M
| $9.68M | 0.02% |
216,780
+4,323
| +2% | +$193K |
|
502
United Rentals
URI
$70.2B
| $9.58M | 0.02% |
58,568
+4,517
| +8% | +$703K |
|
503
VictoryShares US 500 Volatility Wtd ETF
CFA
$540M
| $9.57M | 0.02% |
184,874
+33,870
| +22% | +$1.74M |
|
504
First Trust Emerging Markets AlphaDEX Fund
FEM
$746M
| $9.57M | 0.02% |
382,034
-45,385
| -11% | -$1.15M |
|
505
Xcel Energy
XEL
$50.4B
| $9.56M | 0.02% |
202,405
-2,000
| -1% | -$94.4K |
|
|
BSJJ
506
DELISTED
Invesco BulletShares 2019 High Yield Corporate Bond ETF
BSJJ
| $9.54M | 0.02% |
393,093
+13,429
| +4% | +$326K |
|
507
Davis Select Worldwide ETF
DWLD
$595M
| $9.52M | 0.02% |
370,887
+36,428
| +11% | +$956K |
|
508
Goldman Sachs Equal Weight US Large Cap Equity ETF
GSEW
$1.89B
| $9.5M | 0.02% |
205,922
+77,221
| +60% | +$3.52M |
|
509
FlexShares International Quality Dividend Index Fund
IQDF
$1.13B
| $9.48M | 0.02% |
394,731
-2,356
| -0.6% | -$57.2K |
|
510
Vanguard S&P Small-Cap 600 Growth ETF
VIOG
$1.05B
| $9.39M | 0.02% |
108,336
+16,270
| +18% | +$1.4M |
|
511
First Trust Dow Jones Global Select Dividend Index Fund
FGD
$1.53B
| $9.33M | 0.02% |
371,548
-497
| -0.1% | -$12.5K |
|
512
Invesco Zacks Mid-Cap ETF
CZA
$189M
| $9.32M | 0.02% |
136,727
-1,123
| -0.8% | -$76.1K |
|
513
Hartford Multifactor US Equity ETF
ROUS
$692M
| $9.31M | 0.02% |
281,840
+93,633
| +50% | +$3.07M |
|
|
SNLN
514
DELISTED
Highland/iBoxx Senior Loan ETF
SNLN
| $9.31M | 0.02% |
510,023
-110,829
| -18% | -$2.02M |
|
515
Cummins
CMI
$91.3B
| $9.3M | 0.02% |
63,642
+7,917
| +14% | +$1.11M |
|
|
DOG
516
ProShares Short Dow30
DOG
$110M
| $9.26M | 0.02% |
168,919
+142,769
| +546% | +$8.11M |
|
517
Sysco
SYY
$40.2B
| $9.23M | 0.02% |
125,986
+6,576
| +6% | +$474K |
|
518
Amplify Alternative Harvest ETF
MJ
$101M
| $9.21M | 0.02% |
19,155
+8,007
| +72% | +$3.01M |
|
519
British American Tobacco
BTI
$131B
| $9.15M | 0.02% |
196,226
+44,254
| +29% | +$2.25M |
|
520
Calamos Strategic Total Return Fund
CSQ
$3.21B
| $9.15M | 0.02% |
680,796
+54,992
| +9% | +$725K |
|
521
Ecolab
ECL
$76.4B
| $9.13M | 0.02% |
58,244
-2,144
| -4% | -$318K |
|
522
ProShares Short S&P500
SH
$916M
| $9.02M | 0.02% |
82,518
-64,563
| -44% | -$7.23M |
|
523
Enbridge
ENB
$121B
| $8.98M | 0.02% |
278,219
+23,752
| +9% | +$829K |
|
524
MetLife
MET
$61.2B
| $8.97M | 0.02% |
191,993
+1,801
| +0.9% | +$82.3K |
|
|
PCI
525
DELISTED
PIMCO Dynamic Credit and Mortgage Income Fund
PCI
| $8.96M | 0.02% |
371,624
+42,263
| +13% | +$1.02M |
|
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.