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 | |
|---|---|---|---|---|---|---|
651
Nuveen Taxable Municipal Income Fund
NBB
$447M
| $6.58M | 0.01% |
320,480
+1,138
| +0.4% | +$22.7K |
|
652
Tractor Supply
TSCO
$16.4B
| $6.57M | 0.01% |
336,280
+168,035
| +100% | +$3.06M |
|
653
lululemon athletica
LULU
$13.6B
| $6.57M | 0.01% |
40,114
+11,613
| +41% | +$1.7M |
|
|
IBMI
654
DELISTED
iShares iBonds Sep 2020 Term Muni Bond ETF
IBMI
| $6.57M | 0.01% |
257,754
+20,779
| +9% | +$528K |
|
655
FlexShares Quality Dividend Index Fund
QDF
$2.23B
| $6.52M | 0.01% |
145,600
+25,577
| +21% | +$1.1M |
|
656
iShares JPMorgan EM High Yield Bond ETF
EMHY
$619M
| $6.49M | 0.01% |
138,760
-5,475
| -4% | -$254K |
|
|
NVO
657
Novo Nordisk
NVO
$230B
| $6.49M | 0.01% |
248,228
+18,470
| +8% | +$454K |
|
658
Expeditors International
EXPD
$22.3B
| $6.48M | 0.01% |
85,434
+9,215
| +12% | +$665K |
|
659
Prudential Financial
PRU
$43B
| $6.48M | 0.01% |
70,519
+471
| +0.7% | +$43.4K |
|
660
iShares China Large-Cap ETF
FXI
$4.36B
| $6.46M | 0.01% |
146,007
-15,046
| -9% | -$642K |
|
|
RHT
661
DELISTED
Red Hat Inc
RHT
| $6.46M | 0.01% |
35,335
-6,929
| -16% | -$1.24M |
|
662
Invesco DB Commodity Index Tracking Fund
DBC
$1.69B
| $6.45M | 0.01% |
405,687
-32,310
| -7% | -$506K |
|
663
ARK Genomic Revolution ETF
ARKG
$1.55B
| $6.43M | 0.01% |
195,593
+48,142
| +33% | +$1.42M |
|
664
Western Digital
WDC
$168B
| $6.41M | 0.01% |
176,456
+63,298
| +56% | +$2.17M |
|
665
iShares Morningstar Small-Cap Growth ETF
ISCG
$970M
| $6.4M | 0.01% |
192,486
+51,054
| +36% | +$1.62M |
|
|
WBIB
666
DELISTED
WBI BullBear Value 2000 ETF
WBIB
| $6.39M | 0.01% |
291,160
+41,570
| +17% | +$903K |
|
667
Vanguard Russell 1000 ETF
VONE
$8.22B
| $6.35M | 0.01% |
48,900
+4,954
| +11% | +$619K |
|
668
Ball Corp
BALL
$17.6B
| $6.33M | 0.01% |
109,438
+28,641
| +35% | +$1.53M |
|
669
State Street SPDR Portfolio S&P 500 High Dividend ETF
SPYD
$7.8B
| $6.33M | 0.01% |
167,317
+66,046
| +65% | +$2.44M |
|
670
Global X FinTech ETF
FINX
$172M
| $6.21M | 0.01% |
224,507
+44,979
| +25% | +$1.16M |
|
671
Fidelity National Information Services
FIS
$24.1B
| $6.21M | 0.01% |
54,866
+2,136
| +4% | +$228K |
|
672
iShares US Regional Banks ETF
IAT
$679M
| $6.2M | 0.01% |
142,697
-3,668
| -3% | -$165K |
|
673
Illumina
ILMN
$29.5B
| $6.19M | 0.01% |
20,492
+1,613
| +9% | +$470K |
|
674
Allstate
ALL
$70.4B
| $6.19M | 0.01% |
65,724
+12,711
| +24% | +$1.15M |
|
675
iShares Global 100 ETF
IOO
$8.76B
| $6.17M | 0.01% |
129,860
+88,289
| +212% | +$4.02M |
|
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.