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 TIPS Bond ETF
TIP
|
+$209M |
| 2 |
Vanguard Intermediate-Term Corporate Bond ETF
VCIT
|
+$151M |
| 3 |
iShares Core MSCI Emerging Markets ETF
IEMG
|
+$138M |
| 4 |
iShares Russell 2000 ETF
IWM
|
+$133M |
| 5 |
iShares Core S&P Mid-Cap ETF
IJH
|
+$72.2M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
State Street SPDR Bloomberg High Yield Bond ETF
JNK
|
+$136M |
| 2 |
iShares Currency Hedged MSCI EAFE ETF
HEFA
|
+$62.5M |
| 3 |
iShares US Basic Materials ETF
IYM
|
+$39.5M |
| 4 |
State Street SPDR S&P MIDCAP 400 ETF Trust
MDY
|
+$37.4M |
| 5 |
Vanguard Total Stock Market ETF
VTI
|
+$31.1M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 3.13% |
| 2 | Financials | 2.74% |
| 3 | Healthcare | 2.24% |
| 4 | Industrials | 2.19% |
| 5 | Communication Services | 2.09% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
76
iShares Russell 1000 ETF
IWB
$47.7B
| $101M | 0.26% |
661,645
-16,950
| -2% | -$2.55M |
|
77
Vanguard Small-Cap Value ETF
VBR
$37.1B
| $99.8M | 0.26% |
734,774
+2,751
| +0.4% | +$369K |
|
78
Vanguard Mortgage-Backed Securities ETF
VMBS
$15.4B
| $97.1M | 0.25% |
1,888,186
+139,450
| +8% | +$7.14M |
|
79
Verizon
VZ
$194B
| $96.9M | 0.25% |
1,926,404
-25,922
| -1% | -$1.25M |
|
80
Vanguard Short-Term Corporate Bond ETF
VCSH
$44.7B
| $96.6M | 0.25% |
1,237,022
+9,818
| +0.8% | +$767K |
|
81
Alphabet (Google) Class A
GOOGL
$3.91T
| $96.5M | 0.25% |
1,708,780
-3,160
| -0.2% | -$172K |
|
82
iShares Short Maturity Bond ETF
NEAR
$4.8B
| $95.4M | 0.25% |
1,901,413
+381,905
| +25% | +$19.1M |
|
83
iShares S&P Small-Cap 600 Growth ETF
IJT
$8.22B
| $95M | 0.25% |
1,005,600
+387,130
| +63% | +$35.5M |
|
84
State Street DoubleLine Total Return Tactical ETF
TOTL
$4.11B
| $93.2M | 0.24% |
1,960,283
+40,384
| +2% | +$1.92M |
|
85
First Trust Dorsey Wright Focus 5 ETF
FV
$3.61B
| $93M | 0.24% |
3,155,741
+53,073
| +2% | +$1.57M |
|
86
State Street Health Care Select Sector SPDR ETF
XLV
$42.1B
| $92.3M | 0.24% |
1,105,881
-63,151
| -5% | -$5.23M |
|
87
Vanguard S&P 500 Growth ETF
VOOG
$25.4B
| $91.4M | 0.24% |
3,760,332
-56,214
| -1% | -$1.35M |
|
88
First Trust Large Cap Core AlphaDEX Fund
FEX
$1.58B
| $89.5M | 0.24% |
1,509,620
+51,482
| +4% | +$3.06M |
|
89
Home Depot
HD
$332B
| $85.5M | 0.22% |
438,225
-9,136
| -2% | -$1.71M |
|
|
HDV
90
iShares Core High Dividend ETF
HDV
$14.4B
| $84.9M | 0.22% |
4,997,105
-170,650
| -3% | -$2.9M |
|
91
PIMCO Enhanced Short Maturity Active Exchange-Traded Fund
MINT
$17B
| $83.6M | 0.22% |
823,178
+319,931
| +64% | +$32.5M |
|
92
Invesco S&P 500 Low Volatility ETF
SPLV
$7.2B
| $82.9M | 0.22% |
1,748,418
-30,513
| -2% | -$1.43M |
|
93
Bank of America
BAC
$435B
| $82.1M | 0.22% |
2,913,325
+74,978
| +3% | +$2.24M |
|
94
Procter & Gamble
PG
$343B
| $81.6M | 0.21% |
1,045,656
-7,540
| -0.7% | -$567K |
|
95
First Trust Dow Jones Internet Index Fund ETF
FDN
$4.86B
| $80M | 0.21% |
580,967
+119,678
| +26% | +$15.7M |
|
96
iShares US Aerospace & Defense ETF
ITA
$14.2B
| $78.3M | 0.21% |
813,354
-12,054
| -1% | -$1.19M |
|
97
Vanguard Long-Term Bond ETF
BLV
$5.75B
| $77.2M | 0.2% |
870,942
-58
| -0% | -$5.14K |
|
98
Walt Disney
DIS
$165B
| $75.2M | 0.2% |
717,563
+2,400
| +0.3% | +$245K |
|
|
99
Alphabet (Google) Class C
GOOG
$3.9T
| $74M | 0.19% |
1,327,440
+63,140
| +5% | +$3.41M |
|
100
iShares 20+ Year Treasury Bond ETF
TLT
$42.1B
| $72.8M | 0.19% |
597,750
+115,009
| +24% | +$13.8M |
|
Similar funds
LPL Financial's Q2 2018 Portfolio in Review
As of Q2 2018, LPL Financial held 3,378 positions worth $38.1B, up 4.9% from $36.3B the previous quarter. Its ten largest holdings account for 24% of the portfolio.
LPL Financial deployed $1.14B of net new capital in Q2 2018, opening 201 new positions and adding to 1,572 existing holdings. Its largest new stake was Invesco S&P 500 Quality ETF: 487,751 shares worth $14.6M.
By sector, the portfolio is most concentrated in Technology at 3.1% 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 Bloomberg High Yield Bond ETF, an estimated $136M trimmed.
- LPL Financial's largest Q2 2018 buy was Invesco S&P 500 Quality ETF: 487,751 shares worth $14.6M.
- LPL Financial added most to iShares TIPS Bond ETF in Q2 2018, an estimated $209M increase.
- LPL Financial's biggest Q2 2018 reduction was State Street SPDR Bloomberg High Yield Bond ETF, cutting an estimated $136M.
- LPL Financial fully exited PWSHS S&P 500 HIGH QTY PORTF S&P HIGH QTY RKGS INDEX in Q2 2018, selling an estimated $15.3M.
- LPL Financial's ten largest holdings make up 24% of its $38.1B portfolio in Q2 2018.
- LPL Financial opened 201 new positions and closed 171 in Q2 2018.
- LPL Financial's portfolio value rose 4.9% quarter-over-quarter to $38.1B.
Based on LPL Financial's 13F filing for Q2 2018, filed 14 Aug 2018.