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 | |
|---|---|---|---|---|---|---|
526
iShares Mortgage Real Estate ETF
REM
$545M
| $8.95M | 0.02% |
205,514
-7,867
| -4% | -$351K |
|
527
Annaly Capital Management
NLY
$17B
| $8.92M | 0.02% |
217,998
+45,205
| +26% | +$1.89M |
|
528
Weyerhaeuser
WY
$17.6B
| $8.92M | 0.02% |
276,336
-8,049
| -3% | -$279K |
|
|
DWIN
529
DELISTED
Invesco DWA Tactical Multi-Asset Income ETF
DWIN
| $8.89M | 0.02% |
355,017
-10,269
| -3% | -$261K |
|
530
Danaher
DHR
$142B
| $8.88M | 0.02% |
92,204
+13,916
| +18% | +$1.27M |
|
531
Invesco DB Commodity Index Tracking Fund
DBC
$1.66B
| $8.87M | 0.02% |
493,773
-146,364
| -23% | -$2.52M |
|
|
AMJ
532
DELISTED
JP Morgan Alerian MLP Index ETN 5/24/24
AMJ
| $8.87M | 0.02% |
323,081
-6,140
| -2% | -$171K |
|
533
iShares California Muni Bond ETF
CMF
$4.56B
| $8.85M | 0.02% |
152,604
-7,573
| -5% | -$442K |
|
534
TJX Companies
TJX
$175B
| $8.85M | 0.02% |
157,944
+18,102
| +13% | +$930K |
|
535
Norfolk Southern
NSC
$77.3B
| $8.83M | 0.02% |
48,903
+824
| +2% | +$141K |
|
536
State Street SPDR Nuveen ICE Short Term Municipal Bond ETF
SHM
$3.46B
| $8.79M | 0.02% |
184,415
+14,821
| +9% | +$711K |
|
537
Vanguard S&P Small-Cap 600 Value ETF
VIOV
$1.86B
| $8.78M | 0.02% |
122,120
+16,288
| +15% | +$1.19M |
|
538
AB InBev
BUD
$160B
| $8.7M | 0.02% |
99,377
+19,569
| +25% | +$1.91M |
|
539
Palo Alto Networks
PANW
$260B
| $8.7M | 0.02% |
231,792
-48,414
| -17% | -$1.76M |
|
|
BSCK
540
DELISTED
Invesco BulletShares 2020 Corporate Bond ETF
BSCK
| $8.65M | 0.02% |
410,361
+25,842
| +7% | +$544K |
|
541
iShares Treasury Floating Rate Bond ETF
TFLO
$6.54B
| $8.61M | 0.02% |
171,127
+54,244
| +46% | +$2.73M |
|
542
ProShares Short 20+ Year Treasury ETF
TBF
$86.1M
| $8.59M | 0.02% |
367,058
+23,007
| +7% | +$527K |
|
543
Corning
GLW
$105B
| $8.54M | 0.02% |
242,021
-10,660
| -4% | -$346K |
|
544
State Street SPDR S&P Health Care Equipment ETF
XHE
$158M
| $8.54M | 0.02% |
97,246
+61,487
| +172% | +$5.14M |
|
545
Regeneron Pharmaceuticals
REGN
$71.3B
| $8.54M | 0.02% |
21,128
+329
| +2% | +$125K |
|
546
Vertex Pharmaceuticals
VRTX
$123B
| $8.53M | 0.02% |
44,246
+3,126
| +8% | +$557K |
|
|
WBIE
547
DELISTED
WBI BullBear Rising Income 3000 ETF
WBIE
| $8.49M | 0.02% |
302,986
+60,625
| +25% | +$1.66M |
|
548
International Paper
IP
$23.1B
| $8.48M | 0.02% |
182,300
+28,013
| +18% | +$1.39M |
|
549
Centene
CNC
$28.1B
| $8.48M | 0.02% |
117,174
+15,704
| +15% | +$1.09M |
|
550
ProShares S&P MidCap 400 Dividend Aristocrats ETF
REGL
$1.77B
| $8.45M | 0.02% |
148,479
+9,104
| +7% | +$516K |
|
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.