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 | |
|---|---|---|---|---|---|---|
101
Vanguard S&P 500 Growth ETF
VOOG
$25.1B
| $87.6M | 0.2% |
3,400,434
-237,378
| -7% | -$5.81M |
|
102
WisdomTree US MidCap Dividend Fund
DON
$4.08B
| $87.4M | 0.2% |
2,442,614
+412,276
| +20% | +$14.4M |
|
103
First Trust Dorsey Wright Focus 5 ETF
FV
$3.6B
| $87.2M | 0.2% |
2,900,593
-105,656
| -4% | -$3.03M |
|
104
State Street Utilities Select Sector SPDR ETF
XLU
$23.7B
| $87.1M | 0.2% |
2,995,520
+672,540
| +29% | +$18.7M |
|
105
PIMCO Enhanced Short Maturity Active Exchange-Traded Fund
MINT
$16.9B
| $84.9M | 0.19% |
835,857
-128,564
| -13% | -$13M |
|
106
Home Depot
HD
$344B
| $84.8M | 0.19% |
441,984
+32,414
| +8% | +$5.95M |
|
107
State Street SPDR Portfolio Intermediate Term Corporate Bond ETF
SPIB
$11.5B
| $83.3M | 0.19% |
2,436,436
+108,198
| +5% | +$3.63M |
|
108
iShares Russell 1000 ETF
IWB
$47.8B
| $82.3M | 0.19% |
522,975
-179,902
| -26% | -$27.2M |
|
109
Netflix
NFLX
$303B
| $78.9M | 0.18% |
2,213,300
+167,910
| +8% | +$5.82M |
|
110
First Trust Exchange-Traded Fund IV First Trust Low Duration Opportunities ETF
LMBS
$6.36B
| $78.9M | 0.18% |
1,538,473
+276,138
| +22% | +$14.1M |
|
111
Vanguard Long-Term Bond ETF
BLV
$5.8B
| $76.3M | 0.17% |
827,722
-1,786
| -0.2% | -$158K |
|
112
Pfizer
PFE
$144B
| $76.2M | 0.17% |
1,891,571
+77,082
| +4% | +$3.09M |
|
113
Bank of America
BAC
$438B
| $75.6M | 0.17% |
2,738,942
-18,687
| -0.7% | -$528K |
|
114
iShares US Aerospace & Defense ETF
ITA
$14.3B
| $75.3M | 0.17% |
754,486
+5,738
| +0.8% | +$561K |
|
115
Vanguard Mid-Cap Growth ETF
VOT
$18.9B
| $75.2M | 0.17% |
526,740
-9,158
| -2% | -$1.23M |
|
116
Altria Group
MO
$127B
| $75.1M | 0.17% |
1,306,945
+96,789
| +8% | +$4.95M |
|
117
AbbVie
ABBV
$468B
| $74.8M | 0.17% |
928,607
+59,688
| +7% | +$4.88M |
|
118
Intel
INTC
$433B
| $72.9M | 0.17% |
1,356,792
+159,095
| +13% | +$8.07M |
|
119
iShares Russell Mid-Cap Growth ETF
IWP
$19.6B
| $69.9M | 0.16% |
1,030,266
+1,488
| +0.1% | +$95.5K |
|
120
Invesco S&P MidCap Low Volatility ETF
XMLV
$769M
| $69.5M | 0.16% |
1,399,544
+221,378
| +19% | +$10.6M |
|
121
Coca-Cola
KO
$386B
| $69.1M | 0.16% |
1,474,740
-31,720
| -2% | -$1.48M |
|
122
Lockheed Martin
LMT
$134B
| $67.4M | 0.15% |
224,687
+10,803
| +5% | +$3.17M |
|
123
State Street Consumer Staples Select Sector SPDR ETF
XLP
$14.8B
| $66.8M | 0.15% |
1,191,033
+145,023
| +14% | +$7.76M |
|
124
PepsiCo
PEP
$196B
| $66.3M | 0.15% |
541,052
+10,356
| +2% | +$1.18M |
|
125
iShares MSCI Emerging Markets Min Vol Factor ETF
EEMV
$3.41B
| $65.8M | 0.15% |
1,109,497
+106,487
| +11% | +$6.22M |
|
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.