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 | |
|---|---|---|---|---|---|---|
1326
Fortinet
FTNT
$112B
| $1.6M | ﹤0.01% |
95,180
+9,180
| +11% | +$146K |
|
1327
Shenandoah Telecom
SHEN
$678M
| $1.6M | ﹤0.01% |
36,030
-1,000
| -3% | -$46.9K |
|
1328
State Street SPDR S&P Global Natural Resources ETF
GNR
$4.75B
| $1.59M | ﹤0.01% |
34,491
-2,149
| -6% | -$96.5K |
|
1329
HSBC
HSBC
$352B
| $1.59M | ﹤0.01% |
39,782
-2,005
| -5% | -$80.8K |
|
1330
Northern Trust
NTRS
$21.8B
| $1.59M | ﹤0.01% |
17,553
+1,475
| +9% | +$133K |
|
1331
Darden Restaurants
DRI
$24.3B
| $1.58M | ﹤0.01% |
13,048
+581
| +5% | +$63.7K |
|
|
BICK
1332
DELISTED
First Trust BICK Index Fund
BICK
| $1.58M | ﹤0.01% |
58,450
+50,128
| +602% | +$1.35M |
|
1333
Invesco Global ex-US High Yield Corporate Bond ETF
PGHY
$222M
| $1.58M | ﹤0.01% |
67,744
-5,715
| -8% | -$132K |
|
1334
Sarepta Therapeutics
SRPT
$1.64B
| $1.57M | ﹤0.01% |
13,179
+842
| +7% | +$108K |
|
1335
Conagra Brands
CAG
$7.42B
| $1.57M | ﹤0.01% |
56,575
+8,082
| +17% | +$185K |
|
1336
Invesco KBW Bank ETF
KBWB
$6.72B
| $1.57M | ﹤0.01% |
32,562
-24,465
| -43% | -$1.21M |
|
1337
ProShares Short MidCap400
MYY
$3M
| $1.57M | ﹤0.01% |
+35,617
| New | +$1.62M |
|
1338
iShares US & Intl High Yield Corp Bond ETF
GHYG
$193M
| $1.56M | ﹤0.01% |
32,034
-5,094
| -14% | -$245K |
|
1339
Tilray
TLRY
$543M
| $1.56M | ﹤0.01% |
2,389
+1,616
| +209% | +$1.23M |
|
1340
HCA Healthcare
HCA
$88.4B
| $1.56M | ﹤0.01% |
11,969
+1,565
| +15% | +$210K |
|
|
CRON
1341
Cronos Group
CRON
$1.07B
| $1.56M | ﹤0.01% |
84,537
+31,540
| +60% | +$592K |
|
1342
M&T Bank
MTB
$36.3B
| $1.55M | ﹤0.01% |
9,885
+1,932
| +24% | +$317K |
|
1343
Invesco S&P MidCap 400 GARP ETF
GRPM
$492M
| $1.55M | ﹤0.01% |
24,275
+1,279
| +6% | +$79.9K |
|
1344
Brown-Forman Class A
BF.A
$13.7B
| $1.55M | ﹤0.01% |
30,217
+1,657
| +6% | +$80.5K |
|
1345
VanEck Biotech ETF
BBH
$406M
| $1.54M | ﹤0.01% |
12,013
-590
| -5% | -$74.5K |
|
|
SNV
1346
DELISTED
Synovus
SNV
| $1.54M | ﹤0.01% |
44,868
-6,230
| -12% | -$229K |
|
1347
Steris
STE
$22.9B
| $1.54M | ﹤0.01% |
12,049
+2,460
| +26% | +$290K |
|
|
NEWR
1348
DELISTED
New Relic, Inc.
NEWR
| $1.54M | ﹤0.01% |
15,579
-2,443
| -14% | -$242K |
|
1349
Pan American Silver
PAAS
$17.9B
| $1.53M | ﹤0.01% |
115,422
+33,933
| +42% | +$475K |
|
1350
Paycom
PAYC
$7.88B
| $1.53M | ﹤0.01% |
8,074
+263
| +3% | +$42.7K |
|
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.