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 US Treasury Bond ETF
GOVT
|
+$111M |
| 2 |
iShares 1-3 Year Treasury Bond ETF
SHY
|
+$105M |
| 3 |
State Street SPDR S&P 500 ETF Trust
SPY
|
+$89.7M |
| 4 |
iShares 0-1 Year Treasury Bond ETF
SHV
|
+$85.9M |
| 5 |
iShares MSCI USA Min Vol Factor ETF
USMV
|
+$60.3M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Vanguard Total Bond Market
BND
|
+$136M |
| 2 |
iShares Core MSCI EAFE ETF
IEFA
|
+$44.3M |
| 3 |
WisdomTree US Total Dividend Fund
DTD
|
+$36.3M |
| 4 |
iShares JPMorgan USD Emerging Markets Bond ETF
EMB
|
+$35.2M |
| 5 |
iShares 20+ Year Treasury Bond ETF
TLT
|
+$33.6M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 3.59% |
| 2 | Financials | 2.78% |
| 3 | Healthcare | 2.32% |
| 4 | Consumer Discretionary | 2.14% |
| 5 | Industrials | 2.13% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
726
SPDR Gold MiniShares Trust
GLDM
$27.8B
| $5.82M | 0.01% |
206,339
+201,026
| +3,784% | +$5.26M |
|
727
Veeva Systems
VEEV
$31.6B
| $5.8M | 0.01% |
35,797
+212
| +0.6% | +$30.9K |
|
728
iShares Currency Hedged MSCI Eurozone ETF
HEZU
$568M
| $5.78M | 0.01% |
188,123
+15,366
| +9% | +$464K |
|
729
Invesco S&P International Developed Low Volatility ETF
IDLV
$341M
| $5.76M | 0.01% |
170,088
-10,806
| -6% | -$360K |
|
730
FlexShares Quality Dividend Index Fund
QDF
$2.22B
| $5.74M | 0.01% |
128,008
-17,592
| -12% | -$788K |
|
731
State Street SPDR S&P Insurance ETF
KIE
$654M
| $5.74M | 0.01% |
168,721
+102,485
| +155% | +$3.37M |
|
732
Southwest Airlines
LUV
$22.2B
| $5.74M | 0.01% |
112,931
+10,534
| +10% | +$546K |
|
733
VanEck Preferred Securities ex Financials ETF
PFXF
$2.4B
| $5.73M | 0.01% |
289,647
+40,302
| +16% | +$785K |
|
734
PUT
Invesco QQQ Trust
QQQ
$449B
| $5.71M | 0.01% |
30,600
+2,200
| +8% | +$405K |
|
735
First Trust Institutional Preferred Securities and Income ETF
FPEI
$1.93B
| $5.67M | 0.01% |
291,909
+23,215
| +9% | +$445K |
|
|
VMW
736
DELISTED
VMware, Inc
VMW
| $5.67M | 0.01% |
33,884
+1,480
| +5% | +$277K |
|
|
STI
737
DELISTED
SunTrust Banks, Inc.
STI
| $5.66M | 0.01% |
90,082
+21,807
| +32% | +$1.37M |
|
738
Invesco Dividend Achievers ETF
PFM
$792M
| $5.63M | 0.01% |
196,492
+34,381
| +21% | +$967K |
|
739
Hartford Multifactor US Equity ETF
ROUS
$692M
| $5.61M | 0.01% |
177,326
-57,640
| -25% | -$1.8M |
|
740
iShares Core US REIT ETF
USRT
$4.73B
| $5.61M | 0.01% |
107,911
-20,743
| -16% | -$1.08M |
|
741
Advance Auto Parts
AAP
$3.48B
| $5.59M | 0.01% |
36,270
+14,270
| +65% | +$2.32M |
|
742
Invesco S&P 500 Equal Weight Utilities ETF
RSPU
$551M
| $5.59M | 0.01% |
113,148
-8,658
| -7% | -$421K |
|
743
Okta
OKTA
$23.9B
| $5.58M | 0.01% |
45,222
+10,265
| +29% | +$1.11M |
|
744
Intuit
INTU
$83.1B
| $5.57M | 0.01% |
21,313
+805
| +4% | +$205K |
|
745
Uber
UBER
$139B
| $5.57M | 0.01% |
+120,220
| New | +$5.1M |
|
746
CME Group
CME
$92.3B
| $5.54M | 0.01% |
28,558
-18,722
| -40% | -$3.45M |
|
747
Alliant Energy
LNT
$19.1B
| $5.53M | 0.01% |
112,746
+4,197
| +4% | +$200K |
|
748
ProShares Short VIX Short-Term Futures ETF
SVXY
$223M
| $5.5M | 0.01% |
204,174
-1,302
| -0.6% | -$34.5K |
|
749
WisdomTree US MidCap Fund
EZM
$941M
| $5.5M | 0.01% |
137,437
-17,699
| -11% | -$702K |
|
750
Monster Beverage
MNST
$93.2B
| $5.49M | 0.01% |
172,124
+3,296
| +2% | +$99.3K |
|
Similar funds
LPL Financial's Q2 2019 Portfolio in Review
As of Q2 2019, LPL Financial held 3,409 positions worth $46.9B, up 6.6% from $44B the previous quarter. Its ten largest holdings account for 23% of the portfolio.
LPL Financial deployed $1.68B of net new capital in Q2 2019, opening 226 new positions and adding to 1,714 existing holdings. Its largest new stake was Dow Inc: 187,402 shares worth $9.24M.
By sector, the portfolio is most concentrated in Technology at 3.6% of assets, up from 3.5% a quarter earlier, followed by Financials and Healthcare.
On the sell side, the largest reduction was Vanguard Total Bond Market, an estimated $136M trimmed.
- LPL Financial's largest Q2 2019 buy was Dow Inc: 187,402 shares worth $9.24M.
- LPL Financial added most to iShares US Treasury Bond ETF in Q2 2019, an estimated $111M increase.
- LPL Financial's biggest Q2 2019 reduction was Vanguard Total Bond Market, cutting an estimated $136M.
- LPL Financial fully exited WBI BullBear Global High Income ETF in Q2 2019, selling an estimated $18.5M.
- LPL Financial's ten largest holdings make up 23% of its $46.9B portfolio in Q2 2019.
- LPL Financial opened 226 new positions and closed 134 in Q2 2019.
- LPL Financial's portfolio value rose 6.6% quarter-over-quarter to $46.9B.
Based on LPL Financial's 13F filing for Q2 2019, filed 9 Aug 2019.