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 | |
|---|---|---|---|---|---|---|
|
DFP
1001
Flaherty & Crumrine Dynamic Preferred and Income Fund
DFP
$427M
| $3.1M | 0.01% |
124,046
+4,685
| +4% | +$114K |
|
1002
Arthur J. Gallagher & Co
AJG
$67B
| $3.1M | 0.01% |
35,339
-142
| -0.4% | -$11.8K |
|
1003
Domino's
DPZ
$11.6B
| $3.09M | 0.01% |
11,099
+7,704
| +227% | +$2.11M |
|
1004
iShares US Basic Materials ETF
IYM
$1.15B
| $3.09M | 0.01% |
32,510
-3,527
| -10% | -$324K |
|
|
UN
1005
DELISTED
Unilever NV New York Registry Shares
UN
| $3.09M | 0.01% |
50,825
+5,212
| +11% | +$312K |
|
|
MXIM
1006
DELISTED
Maxim Integrated Products
MXIM
| $3.08M | 0.01% |
51,514
+21,025
| +69% | +$1.2M |
|
1007
Franklin Resources
BEN
$17.3B
| $3.08M | 0.01% |
88,356
+15,763
| +22% | +$536K |
|
1008
Best Buy
BBY
$18.8B
| $3.07M | 0.01% |
44,041
+9,579
| +28% | +$668K |
|
1009
iShares MSCI New Zealand ETF
ENZL
$77.6M
| $3.07M | 0.01% |
57,521
-5,148
| -8% | -$266K |
|
1010
Fidelity MSCI Financials Index ETF
FNCL
$2.4B
| $3.06M | 0.01% |
76,424
-13,760
| -15% | -$543K |
|
1011
Helen of Troy
HELE
$682M
| $3.05M | 0.01% |
23,369
+456
| +2% | +$59.7K |
|
1012
Direxion NASDAQ-100 Equal Weighted Index ETF
QQQE
$1.33B
| $3.04M | 0.01% |
61,376
+13,831
| +29% | +$673K |
|
1013
Lumentum
LITE
$50.3B
| $3.04M | 0.01% |
56,939
+37,647
| +195% | +$2.01M |
|
1014
Invesco Solar ETF
TAN
$1.42B
| $3.03M | 0.01% |
107,277
+12,895
| +14% | +$334K |
|
1015
PIMCO Enhanced Low Duration Active Exchange-Traded Fund
LDUR
$1.37B
| $3.02M | 0.01% |
30,162
+13,331
| +79% | +$1.33M |
|
|
LVHB
1016
DELISTED
Innovator Lunt Low Vol/High Beta Tactical ETF
LVHB
| $3M | 0.01% |
85,695
+4,548
| +6% | +$156K |
|
1017
VanEck Short Muni ETF
SMB
$312M
| $3M | 0.01% |
169,551
+65,602
| +63% | +$1.15M |
|
1018
Keysight
KEYS
$51.8B
| $3M | 0.01% |
33,396
+4,208
| +14% | +$357K |
|
1019
Vulcan Materials
VMC
$37.5B
| $2.99M | 0.01% |
21,793
-1,140
| -5% | -$146K |
|
1020
ProShares Short Russell2000
RWM
$131M
| $2.99M | 0.01% |
75,032
+21,587
| +40% | +$874K |
|
1021
WisdomTree India Earnings Fund ETF
EPI
$2.05B
| $2.98M | 0.01% |
114,440
+10,384
| +10% | +$269K |
|
|
EOI
1022
Eaton Vance Enhanced Equity Income Fund
EOI
$808M
| $2.98M | 0.01% |
199,026
+3,685
| +2% | +$54.1K |
|
1023
iShares MSCI Italy ETF
EWI
$994M
| $2.97M | 0.01% |
+107,804
| New | +$2.96M |
|
|
CY
1024
DELISTED
Cypress Semiconductor
CY
| $2.97M | 0.01% |
133,356
-53,833
| -29% | -$977K |
|
1025
SEI Investments
SEIC
$12.4B
| $2.96M | 0.01% |
52,808
+803
| +2% | +$43.3K |
|
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.