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 | |
|---|---|---|---|---|---|---|
601
Public Service Enterprise Group
PEG
$39.4B
| $6.34M | 0.02% |
121,895
-79,084
| -39% | -$4.26M |
|
602
Invesco NASDAQ Internet ETF
PNQI
$524M
| $6.33M | 0.02% |
288,360
-16,330
| -5% | -$386K |
|
603
First Trust Energy AlphaDEX Fund
FXN
$372M
| $6.3M | 0.02% |
547,114
-71,653
| -12% | -$1.05M |
|
604
State Street SPDR S&P International Dividend ETF
DWX
$527M
| $6.29M | 0.02% |
180,037
-7,211
| -4% | -$260K |
|
605
iShares China Large-Cap ETF
FXI
$4.27B
| $6.29M | 0.02% |
161,053
+33,968
| +27% | +$1.37M |
|
|
AMJ
606
DELISTED
JP Morgan Alerian MLP Index ETN 5/24/24
AMJ
| $6.28M | 0.02% |
281,292
-41,789
| -13% | -$1.06M |
|
607
Invesco KBW Premium Yield Equity REIT ETF
KBWY
$321M
| $6.26M | 0.02% |
232,117
+15,115
| +7% | +$466K |
|
608
Invesco FTSE RAFI Developed Markets ex-US ETF
PXF
$2.84B
| $6.25M | 0.02% |
166,529
+8,182
| +5% | +$327K |
|
609
Weyerhaeuser
WY
$17.7B
| $6.22M | 0.02% |
284,758
+8,422
| +3% | +$224K |
|
610
Unilever
UL
$144B
| $6.22M | 0.02% |
105,863
-2,087
| -2% | -$126K |
|
611
Vanguard FTSE All-World ex-US Small-Cap Index Fund
VSS
$11.2B
| $6.2M | 0.02% |
65,464
-427
| -0.6% | -$43.3K |
|
612
VanEck Junior Gold Miners ETF
GDXJ
$6.98B
| $6.19M | 0.02% |
204,711
+24,563
| +14% | +$691K |
|
613
Nuveen Taxable Municipal Income Fund
NBB
$449M
| $6.18M | 0.02% |
319,342
-716
| -0.2% | -$13.8K |
|
614
Booking.com
BKNG
$153B
| $6.16M | 0.02% |
89,350
+8,250
| +10% | +$605K |
|
615
iShares Emerging Markets Dividend ETF
DVYE
$1.2B
| $6.12M | 0.02% |
163,406
+19,403
| +13% | +$740K |
|
616
Invesco Pharmaceuticals ETF
PJP
$446M
| $6.06M | 0.02% |
97,245
+1,706
| +2% | +$115K |
|
617
EOG Resources
EOG
$74.7B
| $6.06M | 0.02% |
69,448
+6,748
| +11% | +$723K |
|
618
Baxter International
BAX
$12.6B
| $6.01M | 0.02% |
91,365
+474
| +0.5% | +$31.8K |
|
|
IBMI
619
DELISTED
iShares iBonds Sep 2020 Term Muni Bond ETF
IBMI
| $6.01M | 0.02% |
236,975
-4,702
| -2% | -$119K |
|
620
iShares Russell Top 200 Value ETF
IWX
$3.97B
| $6M | 0.02% |
125,517
-16,159
| -11% | -$827K |
|
621
iShares Morningstar Value ETF
ILCV
$1.32B
| $5.99M | 0.02% |
124,260
+3,320
| +3% | +$171K |
|
622
Cintas
CTAS
$85.9B
| $5.98M | 0.02% |
142,476
+4,184
| +3% | +$187K |
|
623
T. Rowe Price
TROW
$26B
| $5.96M | 0.02% |
64,547
-780
| -1% | -$75.7K |
|
624
Delta Air Lines
DAL
$58.8B
| $5.93M | 0.02% |
118,871
+10,467
| +10% | +$570K |
|
|
WBIA
625
DELISTED
WBI BullBear Rising Income 2000 ETF
WBIA
| $5.89M | 0.02% |
278,462
+42,716
| +18% | +$949K |
|
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.