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 |
State Street SPDR S&P 500 ETF Trust
SPY
|
+$211M |
| 2 |
iShares ESG Aware MSCI USA ETF
ESGU
|
+$132M |
| 3 |
Goldman Sachs ActiveBeta US Large Cap Equity ETF
GSLC
|
+$96.7M |
| 4 |
State Street SPDR Bloomberg 1-3 Month T-Bill ETF
BIL
|
+$96.1M |
| 5 |
Vanguard S&P 500 ETF
VOO
|
+$92.8M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
VictoryShares US Large Cap High Div Volatility Wtd ETF
CDL
|
+$72.7M |
| 2 |
iShares Core US Aggregate Bond ETF
AGG
|
+$65.8M |
| 3 |
iShares 1-3 Year Treasury Bond ETF
SHY
|
+$59.2M |
| 4 |
iShares US Real Estate ETF
IYR
|
+$56.8M |
| 5 |
Invesco FTSE RAFI US 1000 ETF
PRF
|
+$55.7M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 4.59% |
| 2 | Healthcare | 2.61% |
| 3 | Financials | 2.51% |
| 4 | Consumer Discretionary | 2.22% |
| 5 | Communication Services | 2.18% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
1101
First Trust Alternative Absolute Return Strategy ETF
FAAR
$189M
| $2.32M | 0.01% |
91,762
-14,236
| -13% | -$362K |
|
1102
iShares US Broker-Dealers & Securities Exchanges ETF
IAI
$1.36B
| $2.32M | 0.01% |
45,347
-3,137
| -6% | -$203K |
|
1103
Toronto Dominion Bank
TD
$200B
| $2.31M | 0.01% |
54,526
-7,297
| -12% | -$374K |
|
1104
Inspire Corporate Bond ETF
IBD
$488M
| $2.31M | 0.01% |
94,676
-91,177
| -49% | -$2.32M |
|
1105
RLI Corp
RLI
$5.62B
| $2.3M | 0.01% |
52,386
+46
| +0.1% | +$2.02K |
|
|
AXON
1106
Axon Enterprise
AXON
$46.4B
| $2.3M | 0.01% |
32,532
+7,030
| +28% | +$526K |
|
1107
Nuveen Municipal Credit Income Fund
NZF
$2.4B
| $2.3M | 0.01% |
163,425
-14,600
| -8% | -$229K |
|
|
MASI
1108
DELISTED
Masimo
MASI
| $2.3M | ﹤0.01% |
12,962
-3,771
| -23% | -$647K |
|
1109
HCM Defender 500 Index ETF
LGH
$587M
| $2.29M | ﹤0.01% |
+101,478
| New | +$2.72M |
|
|
PXD
1110
DELISTED
Pioneer Natural Resource Co.
PXD
| $2.29M | ﹤0.01% |
32,683
+4,006
| +14% | +$476K |
|
1111
Royce Value Trust
RVT
$2.25B
| $2.29M | ﹤0.01% |
236,492
+4,453
| +2% | +$59K |
|
1112
PACCAR
PCAR
$69.6B
| $2.28M | ﹤0.01% |
56,015
-330
| -0.6% | -$15.5K |
|
1113
Workday
WDAY
$41.1B
| $2.28M | ﹤0.01% |
17,517
+6,893
| +65% | +$1.16M |
|
1114
MDU Resources
MDU
$4.17B
| $2.27M | ﹤0.01% |
278,163
+2,609
| +0.9% | +$27.5K |
|
1115
Wells Fargo 7.5% Non Cumv Perp Conv
WFC.PRL
$4.73B
| $2.27M | ﹤0.01% |
1,785
-95
| -5% | -$137K |
|
|
FPF
1116
First Trust Intermediate Duration Preferred & Income Fund
FPF
$1.07B
| $2.27M | ﹤0.01% |
127,384
-45,423
| -26% | -$1.01M |
|
|
HOLX
1117
DELISTED
Hologic
HOLX
| $2.27M | ﹤0.01% |
64,543
+53,920
| +508% | +$2.57M |
|
1118
C.H. Robinson
CHRW
$17.3B
| $2.26M | ﹤0.01% |
34,131
+3,618
| +12% | +$260K |
|
1119
Toro Company
TTC
$9.04B
| $2.26M | ﹤0.01% |
34,712
+4,526
| +15% | +$344K |
|
1120
VanEck Biotech ETF
BBH
$398M
| $2.26M | ﹤0.01% |
17,624
+4,797
| +37% | +$646K |
|
1121
BHP
BHP
$213B
| $2.25M | ﹤0.01% |
68,813
-2,062
| -3% | -$86.1K |
|
1122
Winmark
WINA
$1.24B
| $2.24M | ﹤0.01% |
17,583
-122
| -0.7% | -$22.9K |
|
|
CSA
1123
DELISTED
VictoryShares US Small Cap Volatility Wtd ETF
CSA
| $2.24M | ﹤0.01% |
67,900
-3,944
| -5% | -$170K |
|
1124
Nuveen Core Equity Alpha Fund
JCE
$285M
| $2.23M | ﹤0.01% |
208,164
+45,815
| +28% | +$619K |
|
1125
FlexShares iBoxx 5-Year Target Duration TIPS Index Fund
TDTF
$1.04B
| $2.23M | ﹤0.01% |
86,466
-45,290
| -34% | -$1.17M |
|
Similar funds
LPL Financial's Q1 2020 Portfolio in Review
As of Q1 2020, LPL Financial held 3,530 positions worth $46.4B, down 16% from $55B the previous quarter. Its ten largest holdings account for 22% of the portfolio.
LPL Financial's Q1 2020 filing shows 190 new, 1,571 increased, 1,390 reduced and 328 closed positions. Its largest new stake was WisdomTree US Value Fund: 685,092 shares worth $22.2M. The largest sale was VictoryShares US Large Cap High Div Volatility Wtd ETF, an estimated $72.7M.
By sector, the portfolio is most concentrated in Technology at 4.6% of assets, up from 4.1% a quarter earlier, followed by Healthcare and Financials.
- LPL Financial's largest Q1 2020 buy was WisdomTree US Value Fund: 685,092 shares worth $22.2M.
- LPL Financial added most to State Street SPDR S&P 500 ETF Trust in Q1 2020, an estimated $211M increase.
- LPL Financial's biggest Q1 2020 reduction was VictoryShares US Large Cap High Div Volatility Wtd ETF, cutting an estimated $72.7M.
- LPL Financial fully exited iShares MSCI Italy ETF in Q1 2020, selling an estimated $13.2M.
- LPL Financial's ten largest holdings make up 22% of its $46.4B portfolio in Q1 2020.
- LPL Financial opened 190 new positions and closed 328 in Q1 2020.
- LPL Financial's portfolio value fell 16% quarter-over-quarter to $46.4B.
Based on LPL Financial's 13F filing for Q1 2020, filed 14 May 2020.