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 Core S&P Mid-Cap ETF
IJH
|
+$109M |
| 2 |
iShares Russell 2000 ETF
IWM
|
+$91.3M |
| 3 |
iShares Core S&P Small-Cap ETF
IJR
|
+$89.2M |
| 4 |
iShares Short Maturity Bond ETF
NEAR
|
+$87.5M |
| 5 |
Invesco QQQ Trust
QQQ
|
+$76.2M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
State Street SPDR Dow Jones Industrial Average ETF Trust
DIA
|
+$36.6M |
| 2 |
State Street Industrial Select Sector SPDR ETF
XLI
|
+$35.8M |
| 3 |
iShare MSCI Eurozone ETF
EZU
|
+$34.1M |
| 4 |
iShares MSCI Singapore ETF
EWS
|
+$32.2M |
| 5 |
iShares 5-10 Year Investment Grade Corporate Bond ETF
IGIB
|
+$28.8M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 3.42% |
| 2 | Financials | 2.78% |
| 3 | Healthcare | 2.37% |
| 4 | Industrials | 2.25% |
| 5 | Consumer Discretionary | 2.03% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
1101
Invesco S&P SmallCap Financials ETF
PSCF
$27.8M
| $2.27M | 0.01% |
39,592
+16,935
| +75% | +$997K |
|
1102
FirstEnergy
FE
$28.7B
| $2.26M | 0.01% |
60,803
+165
| +0.3% | +$6.03K |
|
1103
Nuveen Municipal Credit Income Fund
NZF
$2.42B
| $2.26M | 0.01% |
156,686
+25,788
| +20% | +$375K |
|
1104
Ligand Pharmaceuticals
LGND
$5.94B
| $2.25M | 0.01% |
13,145
+7,929
| +152% | +$1.2M |
|
1105
iShares International Developed Real Estate ETF
IFGL
$83.1M
| $2.25M | 0.01% |
78,533
-3,979
| -5% | -$116K |
|
|
DISH
1106
DELISTED
DISH Network Corp.
DISH
| $2.24M | 0.01% |
62,587
+5,708
| +10% | +$196K |
|
|
AMRN
1107
Amarin Corp
AMRN
$293M
| $2.24M | 0.01% |
6,871
-1,134
| -14% | -$85.6K |
|
|
HQH
1108
abrdn Healthcare Investors
HQH
$1.25B
| $2.23M | 0.01% |
96,540
+36,561
| +61% | +$828K |
|
|
XHR
1109
Xenia Hotels & Resorts
XHR
$2.01B
| $2.23M | 0.01% |
94,288
+13,705
| +17% | +$331K |
|
|
FEI
1110
DELISTED
FIRST TRUST MLP AND ENERGY INCOME FUND
FEI
| $2.23M | 0.01% |
178,318
-22,685
| -11% | -$293K |
|
1111
Veeva Systems
VEEV
$32.7B
| $2.23M | 0.01% |
20,437
+703
| +4% | +$63.8K |
|
1112
Sanofi
SNY
$109B
| $2.22M | 0.01% |
49,798
-157,330
| -76% | -$6.72M |
|
|
WTPI
1113
WisdomTree Equity Premium Income Fund
WTPI
$490M
| $2.22M | 0.01% |
72,525
-2,643
| -4% | -$80.2K |
|
1114
Amplify AI Powered Equity ETF
AIEQ
$120M
| $2.22M | 0.01% |
75,082
+31,844
| +74% | +$928K |
|
1115
First Trust California Municipal High income ETF
FCAL
$220M
| $2.22M | 0.01% |
44,475
+1,515
| +4% | +$76.2K |
|
1116
Wells Fargo 7.5% Non Cumv Perp Conv
WFC.PRL
$4.69B
| $2.22M | 0.01% |
1,717
+48
| +3% | +$61.3K |
|
1117
FlexShares iBoxx 3-Year Target Duration TIPS Index Fund
TDTT
$2.53B
| $2.21M | 0.01% |
92,389
+59,277
| +179% | +$1.43M |
|
1118
iShares Yield Optimized Bond ETF
BYLD
$449M
| $2.21M | 0.01% |
91,506
+6,192
| +7% | +$150K |
|
1119
VanEck Agribusiness ETF
MOO
$998M
| $2.21M | 0.01% |
33,603
+482
| +1% | +$30.7K |
|
1120
First Trust Municipal High Income ETF
FMHI
$993M
| $2.21M | 0.01% |
44,089
+4,197
| +11% | +$211K |
|
|
RSX
1121
DELISTED
VanEck Russia ETF
RSX
| $2.2M | 0.01% |
102,216
-17,385
| -15% | -$360K |
|
1122
PUT
Amazon
AMZN
$2.48T
| $2.2M | 0.01% |
22,000
+10,000
| +83% | +$940K |
|
1123
Davis Select US Equity ETF
DUSA
$1.27B
| $2.2M | 0.01% |
87,070
+6,536
| +8% | +$165K |
|
1124
Alcoa
AA
$11.7B
| $2.2M | 0.01% |
54,375
+4,856
| +10% | +$211K |
|
1125
SAP
SAP
$207B
| $2.19M | 0.01% |
17,804
+1,729
| +11% | +$205K |
|
Similar funds
LPL Financial's Q3 2018 Portfolio in Review
As of Q3 2018, LPL Financial held 3,397 positions worth $41.7B, up 9.5% from $38.1B the previous quarter. Its ten largest holdings account for 24% of the portfolio.
LPL Financial deployed $1.97B of net new capital in Q3 2018, opening 192 new positions and adding to 1,682 existing holdings. Its largest new stake was Xtrackers USD High Yield Corporate Bond ETF: 728,055 shares worth $29M.
By sector, the portfolio is most concentrated in Technology at 3.4% 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 Dow Jones Industrial Average ETF Trust, an estimated $36.6M trimmed.
- LPL Financial's largest Q3 2018 buy was Xtrackers USD High Yield Corporate Bond ETF: 728,055 shares worth $29M.
- LPL Financial added most to iShares Core S&P Mid-Cap ETF in Q3 2018, an estimated $109M increase.
- LPL Financial's biggest Q3 2018 reduction was State Street SPDR Dow Jones Industrial Average ETF Trust, cutting an estimated $36.6M.
- LPL Financial fully exited iShares iBonds Sep 2018 Term Muni Bond ETF in Q3 2018, selling an estimated $2.44M.
- LPL Financial's ten largest holdings make up 24% of its $41.7B portfolio in Q3 2018.
- LPL Financial opened 192 new positions and closed 170 in Q3 2018.
- LPL Financial's portfolio value rose 9.5% quarter-over-quarter to $41.7B.
Based on LPL Financial's 13F filing for Q3 2018, filed 14 Nov 2018.