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 | |
|---|---|---|---|---|---|---|
1001
Synopsys
SNPS
$71.6B
| $2.79M | 0.01% |
24,173
+6,458
| +36% | +$640K |
|
|
CY
1002
DELISTED
Cypress Semiconductor
CY
| $2.79M | 0.01% |
187,189
-4,065
| -2% | -$59K |
|
1003
State Street SPDR S&P Retail ETF
XRT
$457M
| $2.79M | 0.01% |
61,981
-24,835
| -29% | -$1.1M |
|
|
WBID
1004
DELISTED
WBI BullBear Quality 2000 ETF
WBID
| $2.79M | 0.01% |
134,681
-118,667
| -47% | -$2.52M |
|
1005
NYLI Hedge Multi-Strategy Tracker ETF
QAI
$1B
| $2.79M | 0.01% |
92,720
+3,957
| +4% | +$118K |
|
1006
iShares Agency Bond ETF
AGZ
$559M
| $2.78M | 0.01% |
24,475
+2,591
| +12% | +$291K |
|
1007
iShares North American Natural Resources ETF
IGE
$733M
| $2.78M | 0.01% |
88,521
-812
| -0.9% | -$24.8K |
|
1008
Incyte
INCY
$25.4B
| $2.78M | 0.01% |
32,274
+9,990
| +45% | +$813K |
|
1009
Arthur J. Gallagher & Co
AJG
$69.1B
| $2.77M | 0.01% |
35,481
-1,974
| -5% | -$152K |
|
1010
Rollins
ROL
$18.6B
| $2.77M | 0.01% |
99,836
-762
| -0.8% | -$19.8K |
|
|
BFIN
1011
DELISTED
BankFinancial
BFIN
| $2.77M | 0.01% |
186,024
-111,515
| -37% | -$1.69M |
|
1012
iShares MSCI Brazil ETF
EWZ
$8.98B
| $2.77M | 0.01% |
67,488
-12,310
| -15% | -$529K |
|
1013
iShares Core 5-10 Year USD Bond ETF
IMTB
$276M
| $2.76M | 0.01% |
55,900
+21,364
| +62% | +$1.04M |
|
1014
Global X SuperDividend US ETF
DIV
$792M
| $2.75M | 0.01% |
115,596
+12,521
| +12% | +$297K |
|
1015
Carnival Corporation Ltd
CCL
$38.1B
| $2.75M | 0.01% |
54,144
-16,279
| -23% | -$902K |
|
|
BAND
1016
Bandwidth Inc
BAND
$1.18B
| $2.74M | 0.01% |
40,971
+31
| +0.1% | +$1.63K |
|
1017
WisdomTree India Earnings Fund ETF
EPI
$2.04B
| $2.74M | 0.01% |
104,056
-19,704
| -16% | -$484K |
|
1018
Old Republic International
ORI
$10.9B
| $2.74M | 0.01% |
130,792
+10,229
| +8% | +$213K |
|
1019
Global X S&P 500 Covered Call ETF
XYLD
$3.19B
| $2.73M | 0.01% |
57,084
+13,308
| +30% | +$619K |
|
|
CSML
1020
DELISTED
IndexIQ ETF Trust IQ U.S. Small Cap ETF
CSML
| $2.73M | 0.01% |
109,847
-54,129
| -33% | -$1.36M |
|
1021
SEI Investments
SEIC
$12.3B
| $2.72M | 0.01% |
52,005
+9,627
| +23% | +$482K |
|
|
LVHB
1022
DELISTED
Innovator Lunt Low Vol/High Beta Tactical ETF
LVHB
| $2.72M | 0.01% |
81,147
-11,098
| -12% | -$354K |
|
1023
Vulcan Materials
VMC
$36.8B
| $2.71M | 0.01% |
22,933
+1,548
| +7% | +$167K |
|
1024
Principal Financial Group
PFG
$24.3B
| $2.71M | 0.01% |
54,068
+17,834
| +49% | +$884K |
|
1025
iShare MSCI Eurozone ETF
EZU
$9.38B
| $2.7M | 0.01% |
69,956
-60,960
| -47% | -$2.29M |
|
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.