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 | |
|---|---|---|---|---|---|---|
601
iShares MSCI KLD 400 Social ETF
DSI
$5.18B
| $7.15M | 0.02% |
133,984
+11,084
| +9% | +$583K |
|
602
iShares Core 80/20 Aggressive Allocation ETF
AOA
$3.17B
| $7.15M | 0.02% |
130,817
+8,616
| +7% | +$466K |
|
603
State Street SPDR NYSE Technology ETF
XNTK
$2.01B
| $7.14M | 0.02% |
75,594
+110
| +0.1% | +$10.4K |
|
604
T. Rowe Price
TROW
$26B
| $7.13M | 0.02% |
65,327
-6,833
| -9% | -$791K |
|
605
McCormick & Company Non-Voting
MKC
$13.8B
| $7.13M | 0.02% |
108,258
+1,452
| +1% | +$89.6K |
|
606
State Street SPDR S&P International Dividend ETF
DWX
$528M
| $7.1M | 0.02% |
187,248
-4,563
| -2% | -$176K |
|
607
iShares JPMorgan EM High Yield Bond ETF
EMHY
$621M
| $7.1M | 0.02% |
153,882
-2,671
| -2% | -$122K |
|
608
Invesco Pharmaceuticals ETF
PJP
$445M
| $7.02M | 0.02% |
95,539
-35
| -0% | -$2.51K |
|
609
Baxter International
BAX
$12.5B
| $7.01M | 0.02% |
90,891
-6,073
| -6% | -$451K |
|
610
Estee Lauder
EL
$30.7B
| $6.95M | 0.02% |
47,848
-2,816
| -6% | -$391K |
|
611
Freeport-McMoran
FCX
$89.3B
| $6.91M | 0.02% |
496,360
+18,860
| +4% | +$285K |
|
612
Yum China
YUMC
$15.6B
| $6.91M | 0.02% |
196,794
+14,629
| +8% | +$521K |
|
613
Zoetis
ZTS
$32.8B
| $6.9M | 0.02% |
75,354
-6,866
| -8% | -$609K |
|
614
iShares MSCI EAFE Growth ETF
EFG
$16.4B
| $6.9M | 0.02% |
86,135
+1,700
| +2% | +$136K |
|
615
American Tower
AMT
$81.3B
| $6.9M | 0.02% |
47,464
+631
| +1% | +$92.5K |
|
616
State Street SPDR Bloomberg Short Term High Yield Bond ETF
SJNK
$4.88B
| $6.86M | 0.02% |
248,698
-36,584
| -13% | -$1M |
|
617
Eaton Vance Tax-Advantaged Dividend Income Fund
EVT
$2.09B
| $6.85M | 0.02% |
279,483
+35,312
| +14% | +$846K |
|
618
Invesco FTSE RAFI Developed Markets ex-US ETF
PXF
$2.84B
| $6.85M | 0.02% |
158,347
+17,828
| +13% | +$769K |
|
619
Boston Scientific
BSX
$69.2B
| $6.84M | 0.02% |
177,790
+25,747
| +17% | +$899K |
|
620
Cintas
CTAS
$86.5B
| $6.84M | 0.02% |
138,292
-13,488
| -9% | -$697K |
|
621
Sherwin-Williams
SHW
$87.7B
| $6.83M | 0.02% |
45,009
-2,028
| -4% | -$300K |
|
622
Intercontinental Exchange
ICE
$86.4B
| $6.79M | 0.02% |
90,697
+5,899
| +7% | +$443K |
|
623
iShares Morningstar Small-Cap Growth ETF
ISCG
$976M
| $6.78M | 0.02% |
191,292
-53,694
| -22% | -$1.86M |
|
624
Invesco Large Cap Growth ETF
PWB
$2.24B
| $6.69M | 0.02% |
138,754
+10,563
| +8% | +$496K |
|
625
Unilever
UL
$143B
| $6.68M | 0.02% |
107,950
+20,146
| +23% | +$1.27M |
|
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.