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 | |
|---|---|---|---|---|---|---|
1201
BlackRock Resources & Commodities Strategy Trust
BCX
$896M
| $1.93M | ﹤0.01% |
236,647
+19,978
| +9% | +$158K |
|
1202
CarMax
KMX
$8.39B
| $1.93M | ﹤0.01% |
27,623
+4,150
| +18% | +$256K |
|
|
NS
1203
DELISTED
NuStar Energy L.P.
NS
| $1.93M | ﹤0.01% |
71,688
+8,660
| +14% | +$224K |
|
|
KSU
1204
DELISTED
Kansas City Southern
KSU
| $1.93M | ﹤0.01% |
16,601
+47
| +0.3% | +$5.08K |
|
1205
First Trust RBA American Industrial Renaissance ETF
AIRR
$9.53B
| $1.92M | ﹤0.01% |
78,827
-71,435
| -48% | -$1.73M |
|
1206
Davis Select US Equity ETF
DUSA
$1.26B
| $1.92M | ﹤0.01% |
85,058
+4,391
| +5% | +$96.6K |
|
|
PCN
1207
PIMCO Corporate & Income Strategy Fund
PCN
$864M
| $1.92M | ﹤0.01% |
111,420
-22,454
| -17% | -$366K |
|
|
RPAI
1208
DELISTED
RETAIL PROPERTIES OF AMERICA, INC.
RPAI
| $1.92M | ﹤0.01% |
157,356
-1,838
| -1% | -$22.4K |
|
1209
Schwab Short-Term US Treasury ETF
SCHO
$12.8B
| $1.92M | ﹤0.01% |
76,360
+33,522
| +78% | +$837K |
|
1210
Invesco FTSE RAFI Developed Markets ex-US ETF
PXF
$2.83B
| $1.92M | ﹤0.01% |
47,260
-119,269
| -72% | -$4.78M |
|
|
AVK
1211
Advent Convertible and Income Fund
AVK
$528M
| $1.91M | ﹤0.01% |
133,169
+89,665
| +206% | +$1.23M |
|
1212
Hasbro
HAS
$13.5B
| $1.91M | ﹤0.01% |
22,493
+3,717
| +20% | +$324K |
|
1213
VanEck Agribusiness ETF
MOO
$992M
| $1.91M | ﹤0.01% |
30,654
-2,769
| -8% | -$169K |
|
1214
Invesco Golden Dragon China ETF
PGJ
$96.3M
| $1.91M | ﹤0.01% |
47,256
+8,094
| +21% | +$301K |
|
1215
Rithm Capital
RITM
$5.58B
| $1.91M | ﹤0.01% |
112,957
-5,658
| -5% | -$93.2K |
|
1216
iShares US Telecommunications ETF
IYZ
$1.16B
| $1.9M | ﹤0.01% |
63,778
-737
| -1% | -$21.1K |
|
|
MTOR
1217
DELISTED
MERITOR, Inc.
MTOR
| $1.9M | ﹤0.01% |
93,208
+10,421
| +13% | +$212K |
|
|
AABA
1218
DELISTED
Altaba Inc
AABA
| $1.89M | ﹤0.01% |
25,433
-85
| -0.3% | -$5.85K |
|
1219
Credicorp
BAP
$30.5B
| $1.88M | ﹤0.01% |
7,853
+573
| +8% | +$137K |
|
1220
Sonoco
SON
$5.83B
| $1.88M | ﹤0.01% |
30,623
+4,648
| +18% | +$267K |
|
|
OPI
1221
DELISTED
Office Properties Income Trust
OPI
| $1.88M | ﹤0.01% |
+68,057
| New | +$2.06M |
|
1222
iShares Global REIT ETF
REET
$5.14B
| $1.88M | ﹤0.01% |
70,291
+18,381
| +35% | +$473K |
|
1223
Republic Services
RSG
$67.4B
| $1.88M | ﹤0.01% |
23,334
-81
| -0.3% | -$6.24K |
|
1224
Invesco Variable Rate Investment Grade ETF
VRIG
$1.8B
| $1.88M | ﹤0.01% |
75,380
+13,654
| +22% | +$339K |
|
1225
Wolfspeed
WOLF
$1.04B
| $1.86M | ﹤0.01% |
32,563
+348
| +1% | +$17.9K |
|
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.