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 |
Vanguard Total Bond Market
BND
|
+$248M |
| 2 |
iShares Core MSCI EAFE ETF
IEFA
|
+$157M |
| 3 |
iShares Core MSCI Emerging Markets ETF
IEMG
|
+$130M |
| 4 |
iShares Core US Aggregate Bond ETF
AGG
|
+$105M |
| 5 |
iShares MSCI USA Min Vol Factor ETF
USMV
|
+$103M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
VictoryShares US EQ Income Enhanced Volatility Wtd ETF
CDC
|
+$82.3M |
| 2 |
iShares Core S&P 500 ETF
IVV
|
+$82.1M |
| 3 |
iShares Core S&P Small-Cap ETF
IJR
|
+$38.4M |
| 4 |
iShares Core S&P Mid-Cap ETF
IJH
|
+$35.9M |
| 5 |
iShares S&P 500 Growth ETF
IVW
|
+$35.7M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 3.49% |
| 2 | Financials | 2.7% |
| 3 | Healthcare | 2.33% |
| 4 | Industrials | 2.12% |
| 5 | Communication Services | 2.08% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
976
Okta
OKTA
$23.8B
| $2.89M | 0.01% |
34,957
+11,855
| +51% | +$938K |
|
977
First Trust Water ETF
FIW
$1.87B
| $2.89M | 0.01% |
56,554
+8,830
| +19% | +$432K |
|
978
Nuveen Core Equity Alpha Fund
JCE
$273M
| $2.88M | 0.01% |
205,083
+6,551
| +3% | +$87.9K |
|
979
Invesco Mortgage Capital
IVR
$759M
| $2.88M | 0.01% |
18,227
+3,235
| +22% | +$513K |
|
980
Vanguard Emerging Markets Government Bond ETF
VWOB
$6.14B
| $2.88M | 0.01% |
36,757
+5,464
| +17% | +$420K |
|
|
DWTR
981
DELISTED
Invesco DWA Tactical Sector Rotation ETF
DWTR
| $2.87M | 0.01% |
96,509
-69,473
| -42% | -$1.93M |
|
982
Ameren
AEE
$30.4B
| $2.87M | 0.01% |
39,060
+2,696
| +7% | +$188K |
|
|
ACB
983
Aurora Cannabis
ACB
$169M
| $2.87M | 0.01% |
2,642
+1,180
| +81% | +$1.06M |
|
984
Lamb Weston
LW
$7.42B
| $2.87M | 0.01% |
38,322
+9,024
| +31% | +$639K |
|
985
MongoDB
MDB
$25.8B
| $2.87M | 0.01% |
19,538
+4,948
| +34% | +$508K |
|
986
State Street SPDR S&P Emerging Markets Small Cap ETF
EWX
$642M
| $2.87M | 0.01% |
64,362
-3,199
| -5% | -$140K |
|
987
Nuveen Preferred & Income Opportunities Fund
JPC
$2.88B
| $2.87M | 0.01% |
300,970
-15,697
| -5% | -$144K |
|
988
Fidelity Dividend ETF for Rising Rates
FDRR
$730M
| $2.86M | 0.01% |
90,680
+32,572
| +56% | +$1M |
|
989
AdvisorShares Dorsey Wright ADR ETF
AADR
$38.3M
| $2.86M | 0.01% |
62,890
-30,413
| -33% | -$1.35M |
|
990
MDU Resources
MDU
$4.18B
| $2.86M | 0.01% |
290,807
-12,474
| -4% | -$121K |
|
|
K
991
DELISTED
Kellanova
K
| $2.85M | 0.01% |
52,884
+19,962
| +61% | +$1.07M |
|
|
CXP
992
DELISTED
COLUMBIA PROPERTY TRUST, INC.
CXP
| $2.85M | 0.01% |
126,582
+5,633
| +5% | +$122K |
|
993
Analog Devices
ADI
$172B
| $2.85M | 0.01% |
27,029
+1,967
| +8% | +$197K |
|
|
FM
994
DELISTED
iShares Frontier and Select EM ETF
FM
| $2.84M | 0.01% |
99,796
-10,327
| -9% | -$291K |
|
|
DFP
995
Flaherty & Crumrine Dynamic Preferred and Income Fund
DFP
$424M
| $2.84M | 0.01% |
119,361
+2,116
| +2% | +$48.4K |
|
996
Factset
FDS
$10B
| $2.83M | 0.01% |
11,397
+861
| +8% | +$193K |
|
997
Essential Utilities
WTRG
$11.5B
| $2.82M | 0.01% |
77,353
+3,996
| +5% | +$141K |
|
998
Cohen & Steers Infrastructure Fund
UTF
$3.09B
| $2.81M | 0.01% |
114,778
+82,742
| +258% | +$1.91M |
|
999
VanEck Long Muni ETF
MLN
$679M
| $2.81M | 0.01% |
138,275
+7,218
| +6% | +$143K |
|
|
EOI
1000
Eaton Vance Enhanced Equity Income Fund
EOI
$789M
| $2.81M | 0.01% |
195,341
+6,027
| +3% | +$84.1K |
|
Similar funds
LPL Financial's Q1 2019 Portfolio in Review
As of Q1 2019, LPL Financial held 3,299 positions worth $44B, up 17% from $37.6B the previous quarter. Its ten largest holdings account for 24% of the portfolio.
LPL Financial deployed $2.2B of net new capital in Q1 2019, opening 230 new positions and adding to 1,809 existing holdings. Its largest new stake was Franklin US Large Cap Multifactor Index ETF: 162,551 shares worth $5.11M.
By sector, the portfolio is most concentrated in Technology at 3.5% of assets, up from 3.1% a quarter earlier, followed by Financials and Healthcare.
On the sell side, the largest reduction was VictoryShares US EQ Income Enhanced Volatility Wtd ETF, an estimated $82.3M trimmed.
- LPL Financial's largest Q1 2019 buy was Franklin US Large Cap Multifactor Index ETF: 162,551 shares worth $5.11M.
- LPL Financial added most to Vanguard Total Bond Market in Q1 2019, an estimated $248M increase.
- LPL Financial's biggest Q1 2019 reduction was VictoryShares US EQ Income Enhanced Volatility Wtd ETF, cutting an estimated $82.3M.
- LPL Financial fully exited Invesco Russell 2000 Equal Weight ETF in Q1 2019, selling an estimated $6.56M.
- LPL Financial's ten largest holdings make up 24% of its $44B portfolio in Q1 2019.
- LPL Financial opened 230 new positions and closed 117 in Q1 2019.
- LPL Financial's portfolio value rose 17% quarter-over-quarter to $44B.
Based on LPL Financial's 13F filing for Q1 2019, filed 8 May 2019.