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 US Aggregate Bond ETF
AGG
|
+$127M |
| 2 |
iShares Core S&P Total US Stock Market ETF
ITOT
|
+$86.5M |
| 3 |
iShares MSCI USA Min Vol Factor ETF
USMV
|
+$66.9M |
| 4 |
State Street SPDR Portfolio Intermediate Term Corporate Bond ETF
SPIB
|
+$58.9M |
| 5 |
Vanguard Total Stock Market ETF
VTI
|
+$57.7M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
iShares Core S&P Small-Cap ETF
IJR
|
+$67M |
| 2 |
State Street Technology Select Sector SPDR ETF
XLK
|
+$44.8M |
| 3 |
iShares Core S&P Mid-Cap ETF
IJH
|
+$38.8M |
| 4 |
State Street Consumer Discretionary Select Sector SPDR ETF
XLY
|
+$36.2M |
| 5 |
iShares MSCI Germany ETF
EWG
|
+$35.2M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 3.13% |
| 2 | Financials | 2.74% |
| 3 | Healthcare | 2.44% |
| 4 | Industrials | 2.02% |
| 5 | Communication Services | 2.02% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
IBDN
526
DELISTED
iShares iBonds Dec 2022 Term Corporate ETF
IBDN
| $8.04M | 0.02% |
332,574
+93,423
| +39% | +$2.26M |
|
527
PNC Financial Services
PNC
$101B
| $8.02M | 0.02% |
68,625
+21,320
| +45% | +$2.72M |
|
528
Sysco
SYY
$40.7B
| $8.02M | 0.02% |
127,955
+1,969
| +2% | +$133K |
|
529
First Trust Mid Cap Growth AlphaDEX Fund
FNY
$579M
| $8.01M | 0.02% |
221,097
-3,452
| -2% | -$138K |
|
530
Palo Alto Networks
PANW
$262B
| $8M | 0.02% |
254,988
+23,196
| +10% | +$723K |
|
531
First Trust Dow Jones Global Select Dividend Index Fund
FGD
$1.54B
| $8M | 0.02% |
366,099
-5,449
| -1% | -$128K |
|
532
WisdomTree Global High Dividend Fund
DEW
$148M
| $7.99M | 0.02% |
191,472
-114,734
| -37% | -$5.1M |
|
533
First Trust RiverFront Dynamic Developed International ETF
RFDI
$161M
| $7.98M | 0.02% |
155,825
-260,738
| -63% | -$14.4M |
|
534
iShares Mortgage Real Estate ETF
REM
$551M
| $7.89M | 0.02% |
197,645
-7,869
| -4% | -$334K |
|
535
iShares Expanded Tech Sector ETF
IGM
$9.78B
| $7.87M | 0.02% |
275,034
-84,324
| -23% | -$2.61M |
|
536
State Street SPDR Nuveen ICE High Yield Municipal Bond ETF
HYMB
$3.1B
| $7.87M | 0.02% |
280,646
+168,490
| +150% | +$4.69M |
|
537
Norfolk Southern
NSC
$77.1B
| $7.83M | 0.02% |
52,381
+3,478
| +7% | +$572K |
|
538
Invesco Bloomberg Pricing Power ETF
POWA
$179M
| $7.75M | 0.02% |
176,060
+24,909
| +16% | +$1.18M |
|
539
iShares US Consumer Discretionary ETF
IYC
$1.16B
| $7.74M | 0.02% |
171,172
-38,896
| -19% | -$1.89M |
|
|
AGN
540
DELISTED
Allergan plc
AGN
| $7.67M | 0.02% |
57,390
-7,644
| -12% | -$1.25M |
|
|
RDS.B
541
DELISTED
Royal Dutch Shell PLC ADS Class B
RDS.B
| $7.64M | 0.02% |
127,432
+12,377
| +11% | +$791K |
|
542
Healthcare Realty
HR
$7.57B
| $7.63M | 0.02% |
301,364
-15,011
| -5% | -$398K |
|
543
American Water Works
AWK
$27B
| $7.57M | 0.02% |
83,416
+12,856
| +18% | +$1.17M |
|
|
FISV
544
Fiserv Inc
FISV
$29B
| $7.57M | 0.02% |
102,949
+13,195
| +15% | +$1.02M |
|
|
ICPT
545
DELISTED
Intercept Pharmaceuticals, Inc.
ICPT
| $7.54M | 0.02% |
74,815
-3,846
| -5% | -$399K |
|
546
Exelon
EXC
$48.8B
| $7.53M | 0.02% |
233,983
+4,033
| +2% | +$129K |
|
547
Illinois Tool Works
ITW
$85.4B
| $7.52M | 0.02% |
59,358
-10,422
| -15% | -$1.37M |
|
548
Chubb
CB
$141B
| $7.5M | 0.02% |
58,036
-2,062
| -3% | -$266K |
|
549
United States Oil Fund
USO
$2B
| $7.49M | 0.02% |
96,930
+2,860
| +3% | +$288K |
|
550
WisdomTree Enhanced Commodity Strategy Fund
GCC
$266M
| $7.48M | 0.02% |
425,982
+19,296
| +5% | +$351K |
|
Similar funds
LPL Financial's Q4 2018 Portfolio in Review
As of Q4 2018, LPL Financial held 3,382 positions worth $37.6B, down 9.9% from $41.7B the previous quarter. Its ten largest holdings account for 24% of the portfolio.
LPL Financial's Q4 2018 filing shows 155 new, 1,459 increased, 1,397 reduced and 312 closed positions. Its largest new stake was Global X Adaptive US Factor ETF: 452,590 shares worth $9.97M. The largest sale was iShares Core S&P Small-Cap ETF, an estimated $67M.
By sector, the portfolio is most concentrated in Technology at 3.1% of assets, down from 3.4% a quarter earlier, followed by Financials and Healthcare.
- LPL Financial's largest Q4 2018 buy was Global X Adaptive US Factor ETF: 452,590 shares worth $9.97M.
- LPL Financial added most to iShares Core US Aggregate Bond ETF in Q4 2018, an estimated $127M increase.
- LPL Financial's biggest Q4 2018 reduction was iShares Core S&P Small-Cap ETF, cutting an estimated $67M.
- LPL Financial fully exited Corporate Capital Trust, Inc. in Q4 2018, selling an estimated $30.3M.
- LPL Financial's ten largest holdings make up 24% of its $37.6B portfolio in Q4 2018.
- LPL Financial opened 155 new positions and closed 312 in Q4 2018.
- LPL Financial's portfolio value fell 9.9% quarter-over-quarter to $37.6B.
Based on LPL Financial's 13F filing for Q4 2018, filed 7 Feb 2019.