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 |
Vanguard Total Bond Market
BND
|
+$248M |
| 2 |
iShares Core MSCI EAFE ETF
IEFA
|
+$157M |
| 3 |
iShares Core MSCI Emerging Markets ETF
IEMG
|
+$130M |
| 4 |
iShares Core US Aggregate Bond ETF
AGG
|
+$105M |
| 5 |
iShares MSCI USA Min Vol Factor ETF
USMV
|
+$103M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
VictoryShares US EQ Income Enhanced Volatility Wtd ETF
CDC
|
+$82.3M |
| 2 |
iShares Core S&P 500 ETF
IVV
|
+$82.1M |
| 3 |
iShares Core S&P Small-Cap ETF
IJR
|
+$38.4M |
| 4 |
iShares Core S&P Mid-Cap ETF
IJH
|
+$35.9M |
| 5 |
iShares S&P 500 Growth ETF
IVW
|
+$35.7M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 3.49% |
| 2 | Financials | 2.7% |
| 3 | Healthcare | 2.33% |
| 4 | Industrials | 2.12% |
| 5 | Communication Services | 2.08% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
601
iShares MSCI KLD 400 Social ETF
DSI
$5.18B
| $7.58M | 0.02% |
143,780
+3,616
| +3% | +$183K |
|
|
AMJ
602
DELISTED
JP Morgan Alerian MLP Index ETN 5/24/24
AMJ
| $7.57M | 0.02% |
296,909
+15,617
| +6% | +$390K |
|
603
Estee Lauder
EL
$31B
| $7.51M | 0.02% |
45,385
+4,303
| +10% | +$632K |
|
604
State Street SPDR S&P Health Care Equipment ETF
XHE
$162M
| $7.51M | 0.02% |
93,521
-82
| -0.1% | -$6.33K |
|
605
First Trust Utilities AlphaDEX Fund
FXU
$829M
| $7.51M | 0.02% |
265,587
+25,793
| +11% | +$718K |
|
|
DOCU
606
DocuSign
DOCU
$11.3B
| $7.5M | 0.02% |
144,687
+7,069
| +5% | +$361K |
|
607
Baxter International
BAX
$12.8B
| $7.48M | 0.02% |
91,963
+598
| +0.7% | +$43.5K |
|
608
WBI BullBear Value 3000 ETF
WBIF
$23.9M
| $7.47M | 0.02% |
268,878
+61,522
| +30% | +$1.72M |
|
609
Corning
GLW
$109B
| $7.46M | 0.02% |
225,463
+6,209
| +3% | +$204K |
|
610
Morgan Stanley
MS
$325B
| $7.39M | 0.02% |
175,223
-3,196
| -2% | -$134K |
|
611
iShares MSCI USA Small-Cap Min Vol Factor ETF
SMMV
$292M
| $7.38M | 0.02% |
229,047
+74,913
| +49% | +$2.34M |
|
612
VanEck Junior Gold Miners ETF
GDXJ
$7.03B
| $7.38M | 0.02% |
232,531
+27,820
| +14% | +$888K |
|
613
State Street SPDR S&P Semiconductor ETF
XSD
$2.6B
| $7.35M | 0.02% |
93,622
+11,813
| +14% | +$877K |
|
614
PIMCO 25+ Year Zero Coupon US Treasury Index Exchange-Traded Fund
ZROZ
$1.36B
| $7.33M | 0.02% |
61,267
+12,124
| +25% | +$1.37M |
|
615
Booking.com
BKNG
$158B
| $7.29M | 0.02% |
104,425
+15,075
| +17% | +$1.08M |
|
616
Hartford Multifactor US Equity ETF
ROUS
$697M
| $7.26M | 0.02% |
234,966
-128,726
| -35% | -$3.91M |
|
617
Public Storage
PSA
$62B
| $7.26M | 0.02% |
33,327
-167
| -0.5% | -$34.9K |
|
618
State Street SPDR S&P International Dividend ETF
DWX
$530M
| $7.21M | 0.02% |
189,457
+9,420
| +5% | +$350K |
|
619
Invesco NASDAQ Internet ETF
PNQI
$535M
| $7.19M | 0.02% |
266,820
-21,540
| -7% | -$547K |
|
620
Applied Materials
AMAT
$366B
| $7.16M | 0.02% |
180,641
+40,920
| +29% | +$1.55M |
|
621
Shopify
SHOP
$173B
| $7.14M | 0.02% |
345,520
+118,610
| +52% | +$2.09M |
|
|
KNOW
622
DELISTED
Direxion All Cap Insider Sentiment Shares
KNOW
| $7.09M | 0.02% |
184,331
-33,186
| -15% | -$1.25M |
|
623
EOG Resources
EOG
$77.4B
| $7.07M | 0.02% |
74,297
+4,849
| +7% | +$462K |
|
624
Vanguard FTSE All-World ex-US Small-Cap Index Fund
VSS
$11.2B
| $7.07M | 0.02% |
67,879
+2,415
| +4% | +$246K |
|
625
Vanguard Russell 2000 Growth ETF
VTWG
$1.45B
| $7.06M | 0.02% |
49,434
+2,381
| +5% | +$329K |
|
Similar funds
LPL Financial's Q1 2019 Portfolio in Review
As of Q1 2019, LPL Financial held 3,299 positions worth $44B, up 17% from $37.6B the previous quarter. Its ten largest holdings account for 24% of the portfolio.
LPL Financial deployed $2.2B of net new capital in Q1 2019, opening 230 new positions and adding to 1,809 existing holdings. Its largest new stake was Franklin US Large Cap Multifactor Index ETF: 162,551 shares worth $5.11M.
By sector, the portfolio is most concentrated in Technology at 3.5% of assets, up from 3.1% a quarter earlier, followed by Financials and Healthcare.
On the sell side, the largest reduction was VictoryShares US EQ Income Enhanced Volatility Wtd ETF, an estimated $82.3M trimmed.
- LPL Financial's largest Q1 2019 buy was Franklin US Large Cap Multifactor Index ETF: 162,551 shares worth $5.11M.
- LPL Financial added most to Vanguard Total Bond Market in Q1 2019, an estimated $248M increase.
- LPL Financial's biggest Q1 2019 reduction was VictoryShares US EQ Income Enhanced Volatility Wtd ETF, cutting an estimated $82.3M.
- LPL Financial fully exited Invesco Russell 2000 Equal Weight ETF in Q1 2019, selling an estimated $6.56M.
- LPL Financial's ten largest holdings make up 24% of its $44B portfolio in Q1 2019.
- LPL Financial opened 230 new positions and closed 117 in Q1 2019.
- LPL Financial's portfolio value rose 17% quarter-over-quarter to $44B.
Based on LPL Financial's 13F filing for Q1 2019, filed 8 May 2019.