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 | |
|---|---|---|---|---|---|---|
51
Berkshire Hathaway Class B
BRK.B
$1.1T
| $158M | 0.36% |
784,576
+38,868
| +5% | +$7.85M |
|
52
State Street DoubleLine Total Return Tactical ETF
TOTL
$4.11B
| $156M | 0.35% |
3,223,686
+1,268,466
| +65% | +$60.6M |
|
53
iShares MSCI EAFE Min Vol Factor ETF
EFAV
$5.32B
| $154M | 0.35% |
2,138,175
+145,588
| +7% | +$10.2M |
|
54
State Street SPDR Bloomberg High Yield Bond ETF
JNK
$7.05B
| $151M | 0.34% |
1,402,425
+60,919
| +5% | +$6.45M |
|
55
iShares MSCI USA Momentum Factor ETF
MTUM
$24.3B
| $151M | 0.34% |
1,348,097
-275,897
| -17% | -$29.7M |
|
56
Visa
V
$696B
| $150M | 0.34% |
958,922
+73,660
| +8% | +$10.6M |
|
57
Johnson & Johnson
JNJ
$654B
| $145M | 0.33% |
1,039,256
+1,356
| +0.1% | +$182K |
|
58
AT&T
T
$170B
| $145M | 0.33% |
6,133,136
+799,695
| +15% | +$18.4M |
|
59
State Street SPDR S&P Dividend ETF
SDY
$22.4B
| $144M | 0.33% |
1,451,222
+27,017
| +2% | +$2.6M |
|
60
iShares MBS ETF
MBB
$39.2B
| $139M | 0.32% |
1,310,991
+202,276
| +18% | +$21.3M |
|
61
iShares 20+ Year Treasury Bond ETF
TLT
$43B
| $136M | 0.31% |
1,078,786
+465,495
| +76% | +$56.6M |
|
62
iShares MSCI Emerging Markets ETF
EEM
$28B
| $127M | 0.29% |
2,959,135
+508,432
| +21% | +$21.4M |
|
63
Invesco S&P 500 Low Volatility ETF
SPLV
$7.34B
| $126M | 0.29% |
2,384,629
+410,412
| +21% | +$20.6M |
|
64
iShares iBoxx $ High Yield Corporate Bond ETF
HYG
$15.9B
| $124M | 0.28% |
1,438,860
+362,028
| +34% | +$30.7M |
|
65
Meta Platforms (Facebook)
META
$1.5T
| $123M | 0.28% |
736,388
+24,033
| +3% | +$3.82M |
|
66
Chevron
CVX
$379B
| $121M | 0.27% |
981,732
+21,839
| +2% | +$2.58M |
|
67
Verizon
VZ
$202B
| $121M | 0.27% |
2,043,142
+33,266
| +2% | +$1.88M |
|
68
State Street Industrial Select Sector SPDR ETF
XLI
$33.1B
| $117M | 0.27% |
1,558,588
-7,878
| -0.5% | -$570K |
|
69
State Street SPDR S&P MIDCAP 400 ETF Trust
MDY
$26.8B
| $117M | 0.27% |
337,780
-6,508
| -2% | -$2.19M |
|
70
JPMorgan Chase
JPM
$946B
| $116M | 0.26% |
1,149,150
+87,219
| +8% | +$8.99M |
|
71
Alphabet (Google) Class A
GOOGL
$4.03T
| $116M | 0.26% |
1,971,940
+143,220
| +8% | +$8.09M |
|
72
Vanguard Intermediate-Term Bond ETF
BIV
$29B
| $116M | 0.26% |
1,378,397
+69,583
| +5% | +$5.73M |
|
73
Vanguard Mortgage-Backed Securities ETF
VMBS
$15.5B
| $115M | 0.26% |
2,197,245
+127,538
| +6% | +$6.6M |
|
74
ExxonMobil
XOM
$644B
| $114M | 0.26% |
1,412,917
+128,378
| +10% | +$9.79M |
|
75
iShares 1-3 Year Treasury Bond ETF
SHY
$25.4B
| $114M | 0.26% |
1,351,415
+156,500
| +13% | +$13.1M |
|
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.