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 | |
|---|---|---|---|---|---|---|
1301
Lamb Weston
LW
$7.52B
| $1.66M | ﹤0.01% |
24,987
+732
| +3% | +$50.2K |
|
1302
Avery Dennison
AVY
$12.8B
| $1.66M | ﹤0.01% |
15,339
-1,490
| -9% | -$160K |
|
1303
State Street SPDR S&P Insurance ETF
KIE
$668M
| $1.66M | ﹤0.01% |
51,828
-3,337
| -6% | -$105K |
|
1304
BlackRock Income Trust
BKT
$332M
| $1.66M | ﹤0.01% |
96,694
-2,390
| -2% | -$41.4K |
|
1305
InterContinental Hotels
IHG
$23.8B
| $1.65M | ﹤0.01% |
25,015
+757
| +3% | +$49.6K |
|
|
QDYN
1306
DELISTED
FlexShares Quality Dividend Dynamic Index Fund
QDYN
| $1.65M | ﹤0.01% |
36,556
+4,228
| +13% | +$190K |
|
1307
Vanguard Russell 2000 Value ETF
VTWV
$1.29B
| $1.65M | ﹤0.01% |
14,311
-628
| -4% | -$73.5K |
|
1308
East-West Bancorp
EWBC
$18B
| $1.65M | ﹤0.01% |
27,324
-2,278
| -8% | -$146K |
|
1309
Goldman Sachs JUST US Large Cap Equity ETF
JUST
$550M
| $1.65M | ﹤0.01% |
+39,170
| New | +$1.62M |
|
|
IBDC
1310
DELISTED
iShares iBonds Mar 2020 Term Corporate ETF
IBDC
| $1.64M | ﹤0.01% |
63,227
+4,822
| +8% | +$125K |
|
|
MXIM
1311
DELISTED
Maxim Integrated Products
MXIM
| $1.64M | ﹤0.01% |
29,060
+9,020
| +45% | +$544K |
|
1312
ALPS Medical Breakthroughs ETF
SBIO
$200M
| $1.64M | ﹤0.01% |
41,569
+8,347
| +25% | +$317K |
|
1313
TripAdvisor
TRIP
$1.7B
| $1.64M | ﹤0.01% |
32,026
+5,536
| +21% | +$303K |
|
|
MRSH
1314
Marsh
MRSH
$94.4B
| $1.64M | ﹤0.01% |
19,769
-690
| -3% | -$58.5K |
|
1315
Republic Services
RSG
$68.1B
| $1.63M | ﹤0.01% |
22,492
+1,987
| +10% | +$144K |
|
1316
AGNC Investment
AGNC
$12.8B
| $1.63M | ﹤0.01% |
87,478
-7,752
| -8% | -$148K |
|
1317
Fortinet
FTNT
$107B
| $1.63M | ﹤0.01% |
88,235
+61,220
| +227% | +$936K |
|
|
ABB
1318
DELISTED
ABB Ltd
ABB
| $1.63M | ﹤0.01% |
68,853
+3,969
| +6% | +$91K |
|
|
PFN
1319
PIMCO Income Strategy Fund II
PFN
$694M
| $1.63M | ﹤0.01% |
154,018
+5,968
| +4% | +$63.7K |
|
1320
State Street SPDR Portfolio Long Term Treasury ETF
SPTL
$10.6B
| $1.62M | ﹤0.01% |
48,018
+11,612
| +32% | +$401K |
|
1321
BlackRock Credit Allocation Income Trust
BTZ
$930M
| $1.62M | ﹤0.01% |
132,488
+25,974
| +24% | +$318K |
|
|
NCV
1322
Virtus Convertible & Income Fund
NCV
$372M
| $1.62M | ﹤0.01% |
58,330
+22,845
| +64% | +$644K |
|
1323
Targa Resources
TRGP
$57.4B
| $1.62M | ﹤0.01% |
28,785
+479
| +2% | +$25.6K |
|
1324
LiveRamp
RAMP
$2.3B
| $1.61M | ﹤0.01% |
+32,688
| New | +$1.45M |
|
1325
Domino's
DPZ
$11.9B
| $1.61M | ﹤0.01% |
5,475
+291
| +6% | +$82.4K |
|
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.