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 | |
|---|---|---|---|---|---|---|
1126
AdvisorShares Dorsey Wright ADR ETF
AADR
$38.6M
| $2.5M | 0.01% |
50,187
-12,703
| -20% | -$592K |
|
1127
Nuveen AMT-Free Quality Municipal Income Fund
NEA
$3.37B
| $2.5M | 0.01% |
180,804
-503
| -0.3% | -$6.76K |
|
1128
iShares MSCI Brazil ETF
EWZ
$9.13B
| $2.49M | 0.01% |
56,913
-10,575
| -16% | -$437K |
|
1129
Citizens Financial Group
CFG
$30.8B
| $2.49M | 0.01% |
70,309
+174
| +0.2% | +$6.07K |
|
1130
State Street SPDR S&P Transportation ETF
XTN
$401M
| $2.48M | 0.01% |
40,582
+3,984
| +11% | +$243K |
|
1131
Avery Dennison
AVY
$12.9B
| $2.48M | 0.01% |
21,444
-1,848
| -8% | -$202K |
|
|
PBCT
1132
DELISTED
People's United Financial Inc
PBCT
| $2.47M | 0.01% |
147,248
+60,783
| +70% | +$1.01M |
|
1133
VanEck Short High Yield Muni ETF
SHYD
$452M
| $2.46M | 0.01% |
98,071
+36,738
| +60% | +$912K |
|
1134
BlackRock Credit Allocation Income Trust
BTZ
$933M
| $2.45M | 0.01% |
189,013
+27,358
| +17% | +$347K |
|
1135
Invesco Bloomberg Pricing Power ETF
POWA
$180M
| $2.45M | 0.01% |
46,353
-141,119
| -75% | -$7.22M |
|
1136
First Trust Nasdaq Artificial Intelligence and Robotics ETF
ROBT
$707M
| $2.45M | 0.01% |
73,954
+43,169
| +140% | +$1.4M |
|
|
CXP
1137
DELISTED
COLUMBIA PROPERTY TRUST, INC.
CXP
| $2.45M | 0.01% |
117,950
-8,632
| -7% | -$191K |
|
1138
Reaves Utility Income Fund
UTG
$3.57B
| $2.44M | 0.01% |
68,306
+3,996
| +6% | +$138K |
|
|
WRK
1139
DELISTED
WestRock Company
WRK
| $2.44M | 0.01% |
67,038
+44,787
| +201% | +$1.65M |
|
1140
Amphenol
APH
$177B
| $2.44M | 0.01% |
101,892
-3,192
| -3% | -$76.8K |
|
|
PFN
1141
PIMCO Income Strategy Fund II
PFN
$692M
| $2.44M | 0.01% |
231,141
+50,686
| +28% | +$530K |
|
1142
WisdomTree International Equity Fund
DWM
$671M
| $2.44M | 0.01% |
47,752
-3,053
| -6% | -$155K |
|
1143
Devon Energy
DVN
$49.2B
| $2.43M | 0.01% |
85,184
+9,651
| +13% | +$287K |
|
1144
Invesco Active US Real Estate Fund
PSR
$60.6M
| $2.43M | 0.01% |
27,058
+6,890
| +34% | +$619K |
|
1145
Evergy
EVRG
$19.7B
| $2.42M | 0.01% |
40,296
+4,625
| +13% | +$271K |
|
1146
iQIYI
IQ
$1.21B
| $2.41M | 0.01% |
116,803
+7,103
| +6% | +$147K |
|
1147
Bio-Rad Laboratories Class A
BIO
$8.86B
| $2.41M | 0.01% |
7,714
+1,763
| +30% | +$528K |
|
1148
Boston Beer
SAM
$1.93B
| $2.41M | 0.01% |
6,381
+2,832
| +80% | +$897K |
|
1149
Lincoln National
LNC
$8.19B
| $2.41M | 0.01% |
37,370
-678
| -2% | -$43.3K |
|
1150
First Trust Materials AlphaDEX Fund
FXZ
$373M
| $2.4M | 0.01% |
62,309
-4,949
| -7% | -$187K |
|
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.