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 | |
|---|---|---|---|---|---|---|
851
iShares MSCI Netherlands ETF
EWN
$563M
| $4.2M | 0.01% |
136,112
-320,245
| -70% | -$9.82M |
|
852
Humana
HUM
$45.8B
| $4.2M | 0.01% |
15,812
+1,872
| +13% | +$475K |
|
853
Vanguard Emerging Markets Government Bond ETF
VWOB
$6.16B
| $4.19M | 0.01% |
52,137
+15,380
| +42% | +$1.2M |
|
854
KLA
KLAC
$266B
| $4.18M | 0.01% |
354,090
+34,460
| +11% | +$399K |
|
|
ATVI
855
DELISTED
Activision Blizzard
ATVI
| $4.18M | 0.01% |
88,623
-14,429
| -14% | -$663K |
|
856
Xtrackers MSCI All World ex US Hedged Equity ETF
DBAW
$287M
| $4.18M | 0.01% |
152,806
-275
| -0.2% | -$7.55K |
|
857
BlackRock Taxable Municipal Bond Trust
BBN
$971M
| $4.17M | 0.01% |
175,802
+2,705
| +2% | +$62.5K |
|
858
PIMCO 25+ Year Zero Coupon US Treasury Index Exchange-Traded Fund
ZROZ
$1.36B
| $4.17M | 0.01% |
32,485
-28,782
| -47% | -$3.46M |
|
859
iShares Morningstar Mid-Cap Value ETF
IMCV
$1.14B
| $4.15M | 0.01% |
79,128
+726
| +0.9% | +$37.8K |
|
|
PXD
860
DELISTED
Pioneer Natural Resource Co.
PXD
| $4.14M | 0.01% |
26,945
+4,088
| +18% | +$627K |
|
861
FMC
FMC
$1.39B
| $4.14M | 0.01% |
49,873
-3,762
| -7% | -$295K |
|
|
BRSP
862
BrightSpire Capital
BRSP
$683M
| $4.13M | 0.01% |
266,230
-29,346
| -10% | -$459K |
|
863
Centene
CNC
$31.6B
| $4.12M | 0.01% |
78,542
+7,119
| +10% | +$384K |
|
864
Moody's
MCO
$84.2B
| $4.09M | 0.01% |
20,955
+681
| +3% | +$129K |
|
865
WisdomTree US LargeCap Fund
EPS
$1.57B
| $4.09M | 0.01% |
124,357
+2,720
| +2% | +$88.1K |
|
866
Icahn Enterprises
IEP
$5.19B
| $4.09M | 0.01% |
56,439
-241
| -0.4% | -$17.5K |
|
867
ProShares Long Online/Short Stores ETF
CLIX
$7.12M
| $4.08M | 0.01% |
74,613
+6,437
| +9% | +$337K |
|
|
AGGP
868
DELISTED
IQ Enhanced Core Plus Bond U.S. ETF
AGGP
| $4.08M | 0.01% |
209,473
-21,385
| -9% | -$412K |
|
869
Seagate
STX
$185B
| $4.08M | 0.01% |
86,504
-9,524
| -10% | -$443K |
|
870
Winmark
WINA
$1.23B
| $4.07M | 0.01% |
23,515
-2,199
| -9% | -$394K |
|
|
PDT
871
John Hancock Premium Dividend Fund
PDT
$637M
| $4.07M | 0.01% |
240,030
-25,844
| -10% | -$433K |
|
872
Mercado Libre
MELI
$92.3B
| $4.07M | 0.01% |
6,648
-604
| -8% | -$336K |
|
|
BNY
873
Bank of New York Mellon
BNY
$107B
| $4.05M | 0.01% |
91,846
+2,982
| +3% | +$140K |
|
874
American Airlines Group
AAL
$9.9B
| $4.05M | 0.01% |
124,309
+16,485
| +15% | +$532K |
|
875
Arista Networks
ANET
$215B
| $4.05M | 0.01% |
249,456
-55,024
| -18% | -$952K |
|
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.