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 500 ETF
IVV
|
+$166M |
| 2 |
iShares Core S&P Mid-Cap ETF
IJH
|
+$133M |
| 3 |
Vanguard FTSE Developed Markets ETF
VEA
|
+$126M |
| 4 |
iShares Core MSCI Emerging Markets ETF
IEMG
|
+$120M |
| 5 |
iShares Core MSCI EAFE ETF
IEFA
|
+$117M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
iShares Core US Aggregate Bond ETF
AGG
|
+$65.1M |
| 2 |
iShares S&P Small-Cap 600 Growth ETF
IJT
|
+$42.7M |
| 3 |
iShares 7-10 Year Treasury Bond ETF
IEF
|
+$38.3M |
| 4 |
Invesco S&P 500 Equal Weight ETF
RSP
|
+$36.5M |
| 5 |
Vanguard S&P 500 Value ETF
VOOV
|
+$27.8M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 3.1% |
| 2 | Financials | 2.91% |
| 3 | Industrials | 2.38% |
| 4 | Healthcare | 2.26% |
| 5 | Communication Services | 2.04% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
126
First Trust Dow Jones Internet Index Fund ETF
FDN
$4.9B
| $55.6M | 0.15% |
461,289
+77,355
| +20% | +$9.37M |
|
127
VictoryShares US 500 Enhanced Volatility Wtd ETF
CFO
$417M
| $54.7M | 0.15% |
1,119,373
+141,885
| +15% | +$7.06M |
|
128
iShares Biotechnology ETF
IBB
$9.51B
| $54.7M | 0.15% |
512,225
+54,371
| +12% | +$6.03M |
|
|
129
iShares S&P Small-Cap 600 Growth ETF
IJT
$8.23B
| $53.8M | 0.15% |
618,470
-489,964
| -44% | -$42.7M |
|
130
PepsiCo
PEP
$190B
| $53M | 0.15% |
485,742
+58,665
| +14% | +$6.67M |
|
131
WisdomTree US MidCap Dividend Fund
DON
$4.05B
| $53M | 0.15% |
1,553,823
+71,572
| +5% | +$2.5M |
|
132
iShares Russell 2000 Value ETF
IWN
$14.4B
| $53M | 0.15% |
434,895
+23,368
| +6% | +$2.93M |
|
133
Vanguard FTSE All-World ex-US ETF
VEU
$65.8B
| $53M | 0.15% |
973,921
+39,644
| +4% | +$2.21M |
|
134
First Trust Capital Strength ETF
FTCS
$7.89B
| $52.4M | 0.14% |
1,036,420
+245,194
| +31% | +$12.8M |
|
135
PIMCO Enhanced Short Maturity Active Exchange-Traded Fund
MINT
$16.9B
| $51.1M | 0.14% |
503,247
+84,078
| +20% | +$8.54M |
|
136
Vanguard FTSE Europe ETF
VGK
$30.1B
| $50.9M | 0.14% |
874,979
+109,031
| +14% | +$6.54M |
|
137
Vanguard Small-Cap Growth ETF
VBK
$23.2B
| $50.6M | 0.14% |
308,780
+21,097
| +7% | +$3.48M |
|
138
Philip Morris
PM
$303B
| $49.3M | 0.14% |
495,711
+162,732
| +49% | +$16.9M |
|
139
Alibaba
BABA
$273B
| $48.2M | 0.13% |
262,569
+57,838
| +28% | +$10.9M |
|
140
State Street SPDR Bloomberg Convertible Securities ETF
CWB
$5.56B
| $47.2M | 0.13% |
912,962
+36,634
| +4% | +$1.91M |
|
141
Vanguard Large-Cap ETF
VV
$51.9B
| $46.7M | 0.13% |
385,655
+12,725
| +3% | +$1.6M |
|
142
iShares International Select Dividend ETF
IDV
$8.26B
| $46.2M | 0.13% |
1,400,413
+65,303
| +5% | +$2.22M |
|
143
Invesco Senior Loan ETF
BKLN
$6.97B
| $45.8M | 0.13% |
1,977,932
+126,077
| +7% | +$2.92M |
|
144
iShares US Technology ETF
IYW
$23.3B
| $45.6M | 0.13% |
1,085,380
-182,932
| -14% | -$7.88M |
|
145
Vanguard Total World Stock ETF
VT
$76.4B
| $45.6M | 0.13% |
618,648
+58,775
| +10% | +$4.45M |
|
146
Honeywell
HON
$77.8B
| $45.5M | 0.13% |
348,696
+10,968
| +3% | +$1.52M |
|
147
First Trust Morningstar Dividend Leaders Index Fund
FDL
$7.79B
| $44.6M | 0.12% |
1,580,936
+84,315
| +6% | +$2.48M |
|
148
Walmart Inc
WMT
$888B
| $44.6M | 0.12% |
1,502,232
+535,485
| +55% | +$17.2M |
|
149
Caterpillar
CAT
$394B
| $44.5M | 0.12% |
301,984
+47,332
| +19% | +$7.47M |
|
|
WBIH
150
DELISTED
WBI BullBear Global High Income ETF
WBIH
| $44.3M | 0.12% |
+1,817,591
| New | +$45M |
|
Similar funds
LPL Financial's Q1 2018 Portfolio in Review
As of Q1 2018, LPL Financial held 3,320 positions worth $36.3B, up 11% from $32.9B the previous quarter. Its ten largest holdings account for 23% of the portfolio.
LPL Financial deployed $3.99B of net new capital in Q1 2018, opening 302 new positions and adding to 1,901 existing holdings. Its largest new stake was WBI BullBear Global High Income ETF: 1,817,591 shares worth $44.3M.
By sector, the portfolio is most concentrated in Technology at 3.1% of assets, up from 3% a quarter earlier, followed by Financials and Industrials.
On the sell side, the largest reduction was iShares Core US Aggregate Bond ETF, an estimated $65.1M trimmed.
- LPL Financial's largest Q1 2018 buy was WBI BullBear Global High Income ETF: 1,817,591 shares worth $44.3M.
- LPL Financial added most to iShares Core S&P 500 ETF in Q1 2018, an estimated $166M increase.
- LPL Financial's biggest Q1 2018 reduction was iShares Core US Aggregate Bond ETF, cutting an estimated $65.1M.
- LPL Financial fully exited Potash Corp Of Saskatchewan in Q1 2018, selling an estimated $2.09M.
- LPL Financial's ten largest holdings make up 23% of its $36.3B portfolio in Q1 2018.
- LPL Financial opened 302 new positions and closed 144 in Q1 2018.
- LPL Financial's portfolio value rose 11% quarter-over-quarter to $36.3B.
Based on LPL Financial's 13F filing for Q1 2018, filed 15 May 2018.