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 US Aggregate Bond ETF
AGG
|
+$127M |
| 2 |
iShares Core S&P Total US Stock Market ETF
ITOT
|
+$86.5M |
| 3 |
iShares MSCI USA Min Vol Factor ETF
USMV
|
+$66.9M |
| 4 |
State Street SPDR Portfolio Intermediate Term Corporate Bond ETF
SPIB
|
+$58.9M |
| 5 |
Vanguard Total Stock Market ETF
VTI
|
+$57.7M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
iShares Core S&P Small-Cap ETF
IJR
|
+$67M |
| 2 |
State Street Technology Select Sector SPDR ETF
XLK
|
+$44.8M |
| 3 |
iShares Core S&P Mid-Cap ETF
IJH
|
+$38.8M |
| 4 |
State Street Consumer Discretionary Select Sector SPDR ETF
XLY
|
+$36.2M |
| 5 |
iShares MSCI Germany ETF
EWG
|
+$35.2M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 3.13% |
| 2 | Financials | 2.74% |
| 3 | Healthcare | 2.44% |
| 4 | Industrials | 2.02% |
| 5 | Communication Services | 2.02% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
826
iShares Residential and Multisector Real Estate ETF
REZ
$906M
| $3.57M | 0.01% |
57,259
-15,189
| -21% | -$967K |
|
827
State Street SPDR S&P Retail ETF
XRT
$458M
| $3.56M | 0.01% |
86,816
-193,912
| -69% | -$8.87M |
|
|
IBMH
828
DELISTED
iShares iBonds Sep 2019 Term Muni Bond ETF
IBMH
| $3.56M | 0.01% |
140,191
-15,728
| -10% | -$399K |
|
829
Aon
AON
$81.4B
| $3.55M | 0.01% |
24,440
+2,193
| +10% | +$341K |
|
830
ARK Genomic Revolution ETF
ARKG
$1.54B
| $3.54M | 0.01% |
147,451
-39,899
| -21% | -$1.12M |
|
831
State Street SPDR US Small Cap Low Volatility Index ETF
SMLV
$262M
| $3.54M | 0.01% |
42,650
-4,233
| -9% | -$381K |
|
832
Equinix
EQIX
$102B
| $3.53M | 0.01% |
10,021
-2,783
| -22% | -$1.08M |
|
833
PIMCO Dynamic Income Fund
PDI
$7.42B
| $3.5M | 0.01% |
120,117
+18,433
| +18% | +$572K |
|
834
iShares Interest Rate Hedged High Yield Bond ETF
HYGH
$591M
| $3.5M | 0.01% |
41,338
+5,514
| +15% | +$493K |
|
835
PIMCO Investment Grade Corporate Bond Index Exchange-Traded Fund
CORP
$1.57B
| $3.48M | 0.01% |
35,092
+536
| +2% | +$52.9K |
|
836
ProShares Short QQQ
PSQ
$840M
| $3.48M | 0.01% |
20,212
+7,006
| +53% | +$1.13M |
|
837
Carnival Corporation Ltd
CCL
$38.7B
| $3.47M | 0.01% |
70,423
+911
| +1% | +$52.2K |
|
838
Invesco S&P SmallCap Value with Momentum ETF
XSVM
$684M
| $3.47M | 0.01% |
131,448
-2,143
| -2% | -$64K |
|
839
Bank of America Series L
BAC.PRL
$3.98B
| $3.47M | 0.01% |
2,768
-48
| -2% | -$60.9K |
|
840
lululemon athletica
LULU
$13.7B
| $3.47M | 0.01% |
28,501
+10,931
| +62% | +$1.47M |
|
841
McKesson
MCK
$104B
| $3.46M | 0.01% |
31,316
-430
| -1% | -$53.6K |
|
842
Tyson Foods
TSN
$21.5B
| $3.45M | 0.01% |
64,629
-20,556
| -24% | -$1.21M |
|
843
State Street SPDR Portfolio S&P 500 High Dividend ETF
SPYD
$7.78B
| $3.45M | 0.01% |
101,271
+6,115
| +6% | +$224K |
|
844
HP
HPQ
$25.9B
| $3.44M | 0.01% |
168,334
+41,337
| +33% | +$964K |
|
845
Main Street Capital
MAIN
$5.14B
| $3.44M | 0.01% |
101,662
+6,702
| +7% | +$249K |
|
846
Collegium Pharmaceutical
COLL
$1.16B
| $3.44M | 0.01% |
200,043
-820
| -0.4% | -$14K |
|
847
JPMorgan BetaBuilders USD High Yield Corporate Bond ETF
BBHY
$615M
| $3.42M | 0.01% |
71,684
+2,108
| +3% | +$103K |
|
848
Sempra
SRE
$59.2B
| $3.4M | 0.01% |
62,874
+11,898
| +23% | +$678K |
|
849
Invesco
IVZ
$13B
| $3.37M | 0.01% |
200,996
-97
| -0% | -$1.94K |
|
850
American Airlines Group
AAL
$10.2B
| $3.35M | 0.01% |
104,476
+17,998
| +21% | +$626K |
|
Similar funds
LPL Financial's Q4 2018 Portfolio in Review
As of Q4 2018, LPL Financial held 3,382 positions worth $37.6B, down 9.9% from $41.7B the previous quarter. Its ten largest holdings account for 24% of the portfolio.
LPL Financial's Q4 2018 filing shows 155 new, 1,459 increased, 1,397 reduced and 312 closed positions. Its largest new stake was Global X Adaptive US Factor ETF: 452,590 shares worth $9.97M. The largest sale was iShares Core S&P Small-Cap ETF, an estimated $67M.
By sector, the portfolio is most concentrated in Technology at 3.1% of assets, down from 3.4% a quarter earlier, followed by Financials and Healthcare.
- LPL Financial's largest Q4 2018 buy was Global X Adaptive US Factor ETF: 452,590 shares worth $9.97M.
- LPL Financial added most to iShares Core US Aggregate Bond ETF in Q4 2018, an estimated $127M increase.
- LPL Financial's biggest Q4 2018 reduction was iShares Core S&P Small-Cap ETF, cutting an estimated $67M.
- LPL Financial fully exited Corporate Capital Trust, Inc. in Q4 2018, selling an estimated $30.3M.
- LPL Financial's ten largest holdings make up 24% of its $37.6B portfolio in Q4 2018.
- LPL Financial opened 155 new positions and closed 312 in Q4 2018.
- LPL Financial's portfolio value fell 9.9% quarter-over-quarter to $37.6B.
Based on LPL Financial's 13F filing for Q4 2018, filed 7 Feb 2019.