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 US Aggregate Bond ETF
AGG
|
+$127M |
| 2 |
iShares Core S&P Total US Stock Market ETF
ITOT
|
+$86.5M |
| 3 |
iShares MSCI USA Min Vol Factor ETF
USMV
|
+$66.9M |
| 4 |
State Street SPDR Portfolio Intermediate Term Corporate Bond ETF
SPIB
|
+$58.9M |
| 5 |
Vanguard Total Stock Market ETF
VTI
|
+$57.7M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
iShares Core S&P Small-Cap ETF
IJR
|
+$67M |
| 2 |
State Street Technology Select Sector SPDR ETF
XLK
|
+$44.8M |
| 3 |
iShares Core S&P Mid-Cap ETF
IJH
|
+$38.8M |
| 4 |
State Street Consumer Discretionary Select Sector SPDR ETF
XLY
|
+$36.2M |
| 5 |
iShares MSCI Germany ETF
EWG
|
+$35.2M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 3.13% |
| 2 | Financials | 2.74% |
| 3 | Healthcare | 2.44% |
| 4 | Industrials | 2.02% |
| 5 | Communication Services | 2.02% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
1326
Toro Company
TTC
$8.88B
| $1.33M | ﹤0.01% |
23,834
-1,212
| -5% | -$70.4K |
|
1327
State Street SPDR S&P Insurance ETF
KIE
$667M
| $1.33M | ﹤0.01% |
46,907
-4,921
| -9% | -$148K |
|
1328
Fidelity National Financial
FNF
$14.6B
| $1.33M | ﹤0.01% |
43,876
-1,868
| -4% | -$60.2K |
|
|
AAVM
1329
EA Series Trust Alpha Architect Global Factor Equity ETF
AAVM
$24.7M
| $1.33M | ﹤0.01% |
54,662
-410
| -0.7% | -$10.6K |
|
1330
PIMCO Enhanced Low Duration Active Exchange-Traded Fund
LDUR
$1.37B
| $1.32M | ﹤0.01% |
13,386
-1,723
| -11% | -$171K |
|
|
SIR
1331
DELISTED
SELECT INCOME REIT
SIR
| $1.32M | ﹤0.01% |
179,597
-241,951
| -57% | -$2.03M |
|
1332
Hercules Capital
HTGC
$3.01B
| $1.32M | ﹤0.01% |
119,555
+28,703
| +32% | +$350K |
|
|
NS
1333
DELISTED
NuStar Energy L.P.
NS
| $1.32M | ﹤0.01% |
63,028
-6,923
| -10% | -$169K |
|
|
JRO
1334
DELISTED
Nuveen Floating Rate Income Opportunty Fund
JRO
| $1.32M | ﹤0.01% |
146,134
-2,052
| -1% | -$20.2K |
|
1335
UGI
UGI
$7.85B
| $1.32M | ﹤0.01% |
24,693
+95
| +0.4% | +$5.28K |
|
1336
Invesco S&P Spin-Off ETF
CSD
$219M
| $1.32M | ﹤0.01% |
31,065
+337
| +1% | +$16.3K |
|
1337
iShares ESG Aware MSCI USA ETF
ESGU
$17.6B
| $1.31M | ﹤0.01% |
23,888
+15,357
| +180% | +$908K |
|
1338
Spotify
SPOT
$106B
| $1.31M | ﹤0.01% |
11,534
-2,218
| -16% | -$310K |
|
1339
Celanese
CE
$4.78B
| $1.31M | ﹤0.01% |
14,542
-1,704
| -10% | -$167K |
|
1340
iShares Global Financials ETF
IXG
$671M
| $1.31M | ﹤0.01% |
23,005
+2,328
| +11% | +$143K |
|
|
SABA
1341
Saba Capital Income & Opportunities Fund II
SABA
$222M
| $1.31M | ﹤0.01% |
108,261
+82,869
| +326% | +$1.01M |
|
1342
Markel Group
MKL
$25.4B
| $1.3M | ﹤0.01% |
1,256
+76
| +6% | +$83.1K |
|
|
KMF
1343
DELISTED
Kayne Anderson NextGen Energy & Infrastructure, Inc.
KMF
| $1.3M | ﹤0.01% |
134,786
-25,285
| -16% | -$282K |
|
1344
Alcoa
AA
$11.3B
| $1.3M | ﹤0.01% |
48,901
-5,474
| -10% | -$184K |
|
1345
Diamondback Energy
FANG
$55.9B
| $1.3M | ﹤0.01% |
13,997
+1,507
| +12% | +$168K |
|
1346
HCA Healthcare
HCA
$92.2B
| $1.29M | ﹤0.01% |
10,404
+651
| +7% | +$87.4K |
|
1347
Jack Henry & Associates
JKHY
$11.5B
| $1.28M | ﹤0.01% |
10,130
-5,709
| -36% | -$811K |
|
1348
Invesco Dorsey Wright SmallCap Momentum ETF
DWAS
$412M
| $1.28M | ﹤0.01% |
29,400
-70,763
| -71% | -$3.44M |
|
1349
Invesco S&P MidCap 400 GARP ETF
GRPM
$493M
| $1.28M | ﹤0.01% |
22,996
-3,880
| -14% | -$240K |
|
1350
SiriusXM
SIRI
$10.8B
| $1.28M | ﹤0.01% |
22,376
+1,508
| +7% | +$91.7K |
|
Similar funds
LPL Financial's Q4 2018 Portfolio in Review
As of Q4 2018, LPL Financial held 3,382 positions worth $37.6B, down 9.9% from $41.7B the previous quarter. Its ten largest holdings account for 24% of the portfolio.
LPL Financial's Q4 2018 filing shows 155 new, 1,459 increased, 1,397 reduced and 312 closed positions. Its largest new stake was Global X Adaptive US Factor ETF: 452,590 shares worth $9.97M. The largest sale was iShares Core S&P Small-Cap ETF, an estimated $67M.
By sector, the portfolio is most concentrated in Technology at 3.1% of assets, down from 3.4% a quarter earlier, followed by Financials and Healthcare.
- LPL Financial's largest Q4 2018 buy was Global X Adaptive US Factor ETF: 452,590 shares worth $9.97M.
- LPL Financial added most to iShares Core US Aggregate Bond ETF in Q4 2018, an estimated $127M increase.
- LPL Financial's biggest Q4 2018 reduction was iShares Core S&P Small-Cap ETF, cutting an estimated $67M.
- LPL Financial fully exited Corporate Capital Trust, Inc. in Q4 2018, selling an estimated $30.3M.
- LPL Financial's ten largest holdings make up 24% of its $37.6B portfolio in Q4 2018.
- LPL Financial opened 155 new positions and closed 312 in Q4 2018.
- LPL Financial's portfolio value fell 9.9% quarter-over-quarter to $37.6B.
Based on LPL Financial's 13F filing for Q4 2018, filed 7 Feb 2019.