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 | |
|---|---|---|---|---|---|---|
1376
HDFC Bank
HDB
$123B
| $1.49M | ﹤0.01% |
51,292
+2,788
| +6% | +$72.3K |
|
1377
Regions Financial
RF
$26.4B
| $1.48M | ﹤0.01% |
104,870
+4,656
| +5% | +$71.3K |
|
1378
GS ActiveBeta US Small Cap Equity ETF
GSSC
$1.04B
| $1.48M | ﹤0.01% |
33,927
+12,067
| +55% | +$521K |
|
1379
Post Holdings
POST
$4.42B
| $1.48M | ﹤0.01% |
20,639
+520
| +3% | +$34.1K |
|
|
RNDM
1380
DELISTED
First Trust Developed International Equity Select ETF
RNDM
| $1.48M | ﹤0.01% |
29,817
-13,836
| -32% | -$668K |
|
1381
Verisk Analytics
VRSK
$27.7B
| $1.47M | ﹤0.01% |
11,056
-1,181
| -10% | -$144K |
|
|
ATAXZ
1382
DELISTED
AMERICA FIRST TAX EXEMT INV LP
ATAXZ
| $1.47M | ﹤0.01% |
213,954
+14,332
| +7% | +$98.5K |
|
1383
iShares MSCI USA Equal Weighted ETF
EUSA
$1.82B
| $1.47M | ﹤0.01% |
25,603
-17,935
| -41% | -$993K |
|
|
PPLI
1384
People Inc
PPLI
$3.12B
| $1.47M | ﹤0.01% |
39,101
+7,073
| +22% | +$262K |
|
1385
Invesco Value Municipal Income Trust
IIM
$585M
| $1.47M | ﹤0.01% |
101,836
+52,228
| +105% | +$749K |
|
1386
Cedar Fair
FUN
$1.88B
| $1.46M | ﹤0.01% |
27,798
-1,254
| -4% | -$66.9K |
|
1387
Dover
DOV
$26.7B
| $1.46M | ﹤0.01% |
15,590
-218
| -1% | -$18.8K |
|
1388
Goldman Sachs JUST US Large Cap Equity ETF
JUST
$546M
| $1.46M | ﹤0.01% |
36,160
+3,559
| +11% | +$139K |
|
1389
iShares US Small Cap Equity Factor ETF
SMLF
$4.05B
| $1.46M | ﹤0.01% |
36,423
+10,563
| +41% | +$419K |
|
|
SABA
1390
Saba Capital Income & Opportunities Fund II
SABA
$220M
| $1.46M | ﹤0.01% |
115,608
+7,347
| +7% | +$93.1K |
|
1391
T-Mobile US
TMUS
$195B
| $1.46M | ﹤0.01% |
21,090
+5,509
| +35% | +$385K |
|
1392
iShares MSCI Taiwan ETF
EWT
$9.13B
| $1.46M | ﹤0.01% |
42,077
-2,829
| -6% | -$93.2K |
|
1393
Wheaton Precious Metals
WPM
$49.7B
| $1.45M | ﹤0.01% |
60,991
+4,371
| +8% | +$93K |
|
|
TRTN
1394
DELISTED
Triton International Limited
TRTN
| $1.45M | ﹤0.01% |
46,610
-4,506
| -9% | -$150K |
|
1395
Viking Therapeutics
VKTX
$3.88B
| $1.45M | ﹤0.01% |
+145,785
| New | +$1.22M |
|
1396
East-West Bancorp
EWBC
$17.8B
| $1.45M | ﹤0.01% |
30,169
+5,867
| +24% | +$300K |
|
1397
PACCAR
PCAR
$70.5B
| $1.45M | ﹤0.01% |
31,853
+1,799
| +6% | +$78.3K |
|
1398
iShares MSCI All Country Asia ex Japan ETF
AAXJ
$3.51B
| $1.44M | ﹤0.01% |
20,397
-16,892
| -45% | -$1.15M |
|
1399
iShares Intermediate Government/Credit Bond ETF
GVI
$3.78B
| $1.44M | ﹤0.01% |
13,068
-6,596
| -34% | -$718K |
|
1400
ProShares Ultra QQQ
QLD
$11.7B
| $1.44M | ﹤0.01% |
128,144
-7,104
| -5% | -$71.6K |
|
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.