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 S&P Mid-Cap ETF
IJH
|
+$109M |
| 2 |
iShares Russell 2000 ETF
IWM
|
+$91.3M |
| 3 |
iShares Core S&P Small-Cap ETF
IJR
|
+$89.2M |
| 4 |
iShares Short Maturity Bond ETF
NEAR
|
+$87.5M |
| 5 |
Invesco QQQ Trust
QQQ
|
+$76.2M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
State Street SPDR Dow Jones Industrial Average ETF Trust
DIA
|
+$36.6M |
| 2 |
State Street Industrial Select Sector SPDR ETF
XLI
|
+$35.8M |
| 3 |
iShare MSCI Eurozone ETF
EZU
|
+$34.1M |
| 4 |
iShares MSCI Singapore ETF
EWS
|
+$32.2M |
| 5 |
iShares 5-10 Year Investment Grade Corporate Bond ETF
IGIB
|
+$28.8M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 3.42% |
| 2 | Financials | 2.78% |
| 3 | Healthcare | 2.37% |
| 4 | Industrials | 2.25% |
| 5 | Consumer Discretionary | 2.03% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
751
Invesco S&P International Developed Low Volatility ETF
IDLV
$344M
| $4.86M | 0.01% |
149,614
+50,777
| +51% | +$1.66M |
|
|
DFS
752
DELISTED
Discover Financial Services
DFS
| $4.85M | 0.01% |
63,469
+4,661
| +8% | +$351K |
|
753
State Street Real Estate Select Sector SPDR ETF
XLRE
$8.73B
| $4.84M | 0.01% |
148,496
+801
| +0.5% | +$26.6K |
|
754
iShares US Broker-Dealers & Securities Exchanges ETF
IAI
$1.38B
| $4.84M | 0.01% |
77,785
-32,813
| -30% | -$2.13M |
|
755
Fidelity MSCI Financials Index ETF
FNCL
$2.4B
| $4.78M | 0.01% |
118,482
+18,410
| +18% | +$756K |
|
756
Invesco S&P 500 Equal Weight Health Care ETF
RSPH
$774M
| $4.78M | 0.01% |
231,680
+4,490
| +2% | +$87.9K |
|
757
Alliant Energy
LNT
$19.1B
| $4.77M | 0.01% |
111,983
+4,876
| +5% | +$209K |
|
|
AGGP
758
DELISTED
IQ Enhanced Core Plus Bond U.S. ETF
AGGP
| $4.76M | 0.01% |
248,734
-22,001
| -8% | -$421K |
|
|
BFIN
759
DELISTED
BankFinancial
BFIN
| $4.74M | 0.01% |
297,539
| – | – |
|
760
Progressive
PGR
$128B
| $4.73M | 0.01% |
66,639
+5,580
| +9% | +$359K |
|
761
Intuit
INTU
$85.6B
| $4.71M | 0.01% |
20,734
+968
| +5% | +$208K |
|
762
iShares US Equity Factor ETF
LRGF
$3.55B
| $4.71M | 0.01% |
140,060
+49,465
| +55% | +$1.65M |
|
763
State Street SPDR S&P Metals & Mining ETF
XME
$3.9B
| $4.71M | 0.01% |
137,827
-15,544
| -10% | -$542K |
|
764
State Street SPDR Portfolio S&P 600 Small Cap ETF
SPSM
$17.2B
| $4.69M | 0.01% |
141,162
+10,588
| +8% | +$353K |
|
|
MPT
765
Medical Properties Trust
MPT
$2.89B
| $4.68M | 0.01% |
313,802
+15,168
| +5% | +$221K |
|
|
LLL
766
DELISTED
L3 Technologies, Inc.
LLL
| $4.67M | 0.01% |
21,989
+3,439
| +19% | +$716K |
|
767
iShares Future Exponential Technologies ETF
XT
$3.77B
| $4.67M | 0.01% |
120,672
+13,271
| +12% | +$504K |
|
768
DTE Energy
DTE
$30.4B
| $4.67M | 0.01% |
50,234
-1,075
| -2% | -$100K |
|
769
Digital Realty Trust
DLR
$71.5B
| $4.66M | 0.01% |
41,437
+500
| +1% | +$59.9K |
|
770
Hershey
HSY
$37.2B
| $4.66M | 0.01% |
45,678
+5,429
| +13% | +$537K |
|
771
Monster Beverage
MNST
$95.6B
| $4.65M | 0.01% |
159,680
-9,646
| -6% | -$290K |
|
772
Genuine Parts
GPC
$17.9B
| $4.64M | 0.01% |
46,644
+3,316
| +8% | +$325K |
|
773
O'Reilly Automotive
ORLY
$75.6B
| $4.64M | 0.01% |
200,235
+27,990
| +16% | +$595K |
|
774
Invesco Building & Construction ETF
PKB
$436M
| $4.62M | 0.01% |
155,442
-42,256
| -21% | -$1.3M |
|
775
Invesco
IVZ
$13B
| $4.6M | 0.01% |
201,093
+82,076
| +69% | +$2.05M |
|
Similar funds
LPL Financial's Q3 2018 Portfolio in Review
As of Q3 2018, LPL Financial held 3,397 positions worth $41.7B, up 9.5% from $38.1B the previous quarter. Its ten largest holdings account for 24% of the portfolio.
LPL Financial deployed $1.97B of net new capital in Q3 2018, opening 192 new positions and adding to 1,682 existing holdings. Its largest new stake was Xtrackers USD High Yield Corporate Bond ETF: 728,055 shares worth $29M.
By sector, the portfolio is most concentrated in Technology at 3.4% of assets, up from 3.1% a quarter earlier, followed by Financials and Healthcare.
On the sell side, the largest reduction was State Street SPDR Dow Jones Industrial Average ETF Trust, an estimated $36.6M trimmed.
- LPL Financial's largest Q3 2018 buy was Xtrackers USD High Yield Corporate Bond ETF: 728,055 shares worth $29M.
- LPL Financial added most to iShares Core S&P Mid-Cap ETF in Q3 2018, an estimated $109M increase.
- LPL Financial's biggest Q3 2018 reduction was State Street SPDR Dow Jones Industrial Average ETF Trust, cutting an estimated $36.6M.
- LPL Financial fully exited iShares iBonds Sep 2018 Term Muni Bond ETF in Q3 2018, selling an estimated $2.44M.
- LPL Financial's ten largest holdings make up 24% of its $41.7B portfolio in Q3 2018.
- LPL Financial opened 192 new positions and closed 170 in Q3 2018.
- LPL Financial's portfolio value rose 9.5% quarter-over-quarter to $41.7B.
Based on LPL Financial's 13F filing for Q3 2018, filed 14 Nov 2018.