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 TIPS Bond ETF
TIP
|
+$209M |
| 2 |
Vanguard Intermediate-Term Corporate Bond ETF
VCIT
|
+$151M |
| 3 |
iShares Core MSCI Emerging Markets ETF
IEMG
|
+$138M |
| 4 |
iShares Russell 2000 ETF
IWM
|
+$133M |
| 5 |
iShares Core S&P Mid-Cap ETF
IJH
|
+$72.2M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
State Street SPDR Bloomberg High Yield Bond ETF
JNK
|
+$136M |
| 2 |
iShares Currency Hedged MSCI EAFE ETF
HEFA
|
+$62.5M |
| 3 |
iShares US Basic Materials ETF
IYM
|
+$39.5M |
| 4 |
State Street SPDR S&P MIDCAP 400 ETF Trust
MDY
|
+$37.4M |
| 5 |
Vanguard Total Stock Market ETF
VTI
|
+$31.1M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 3.13% |
| 2 | Financials | 2.74% |
| 3 | Healthcare | 2.24% |
| 4 | Industrials | 2.19% |
| 5 | Communication Services | 2.09% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
126
First Trust Capital Strength ETF
FTCS
$7.88B
| $57.6M | 0.15% |
1,126,171
+89,751
| +9% | +$4.6M |
|
127
Netflix
NFLX
$292B
| $57.1M | 0.15% |
1,457,900
+54,850
| +4% | +$1.87M |
|
128
iShares Russell 2000 Value ETF
IWN
$14.4B
| $56.1M | 0.15% |
424,972
-9,923
| -2% | -$1.28M |
|
129
Invesco Preferred ETF
PGX
$3.84B
| $55.6M | 0.15% |
3,819,794
-486,907
| -11% | -$7.05M |
|
130
Invesco S&P 500 High Dividend Low Volatility ETF
SPHD
$3.36B
| $54.7M | 0.14% |
1,332,759
-269,667
| -17% | -$10.8M |
|
131
ProShares S&P 500 Dividend Aristocrats ETF
NOBL
$11.6B
| $54.6M | 0.14% |
1,752,620
-44,800
| -2% | -$1.4M |
|
132
iShares MSCI Emerging Markets Min Vol Factor ETF
EEMV
$3.45B
| $54.4M | 0.14% |
941,027
-413,536
| -31% | -$25.2M |
|
133
Vanguard Small-Cap Growth ETF
VBK
$23.2B
| $53.8M | 0.14% |
305,767
-3,013
| -1% | -$517K |
|
134
iShares Biotechnology ETF
IBB
$9.31B
| $53.4M | 0.14% |
486,403
-25,822
| -5% | -$2.76M |
|
135
First Trust Exchange-Traded Fund IV First Trust Low Duration Opportunities ETF
LMBS
$6.32B
| $53.2M | 0.14% |
1,039,788
+400,708
| +63% | +$20.5M |
|
136
Alibaba
BABA
$269B
| $52M | 0.14% |
280,094
+17,525
| +7% | +$3.34M |
|
137
State Street SPDR S&P Regional Banking ETF
KRE
$4.86B
| $51.8M | 0.14% |
848,924
+150,132
| +21% | +$9.41M |
|
138
Vanguard FTSE All-World ex-US ETF
VEU
$65.6B
| $51.5M | 0.14% |
993,564
+19,643
| +2% | +$1.06M |
|
139
PepsiCo
PEP
$186B
| $50.8M | 0.13% |
466,221
-19,521
| -4% | -$2.02M |
|
140
Alerian MLP ETF
AMLP
$13B
| $50M | 0.13% |
990,535
+101,337
| +11% | +$5.14M |
|
|
WBIH
141
DELISTED
WBI BullBear Global High Income ETF
WBIH
| $49.5M | 0.13% |
2,069,648
+252,057
| +14% | +$6.07M |
|
142
Vanguard FTSE Europe ETF
VGK
$30B
| $48.8M | 0.13% |
869,630
-5,349
| -0.6% | -$315K |
|
143
NVIDIA
NVDA
$5.01T
| $48.4M | 0.13% |
8,172,960
+1,250,280
| +18% | +$7.6M |
|
144
iShares US Technology ETF
IYW
$23.7B
| $48.3M | 0.13% |
1,083,732
-1,648
| -0.2% | -$72.9K |
|
145
iShares International Select Dividend ETF
IDV
$8.25B
| $47M | 0.12% |
1,466,313
+65,900
| +5% | +$2.2M |
|
146
Invesco Senior Loan ETF
BKLN
$7.1B
| $46.5M | 0.12% |
2,031,894
+53,962
| +3% | +$1.24M |
|
147
Vanguard Large-Cap ETF
VV
$51.9B
| $46.5M | 0.12% |
372,540
-13,115
| -3% | -$1.63M |
|
148
First Trust US Equity Opportunities ETF
FPX
$1.51B
| $46.5M | 0.12% |
650,393
+29,756
| +5% | +$2.1M |
|
149
First Trust NASDAQ-100 Technology Index Fund
QTEC
$4.4B
| $46.4M | 0.12% |
601,795
+48,520
| +9% | +$3.78M |
|
150
First Trust Enhanced Short Maturity ETF
FTSM
$6.51B
| $46.3M | 0.12% |
771,791
+222,647
| +41% | +$13.4M |
|
Similar funds
LPL Financial's Q2 2018 Portfolio in Review
As of Q2 2018, LPL Financial held 3,378 positions worth $38.1B, up 4.9% from $36.3B the previous quarter. Its ten largest holdings account for 24% of the portfolio.
LPL Financial deployed $1.14B of net new capital in Q2 2018, opening 201 new positions and adding to 1,572 existing holdings. Its largest new stake was Invesco S&P 500 Quality ETF: 487,751 shares worth $14.6M.
By sector, the portfolio is most concentrated in Technology at 3.1% 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 Bloomberg High Yield Bond ETF, an estimated $136M trimmed.
- LPL Financial's largest Q2 2018 buy was Invesco S&P 500 Quality ETF: 487,751 shares worth $14.6M.
- LPL Financial added most to iShares TIPS Bond ETF in Q2 2018, an estimated $209M increase.
- LPL Financial's biggest Q2 2018 reduction was State Street SPDR Bloomberg High Yield Bond ETF, cutting an estimated $136M.
- LPL Financial fully exited PWSHS S&P 500 HIGH QTY PORTF S&P HIGH QTY RKGS INDEX in Q2 2018, selling an estimated $15.3M.
- LPL Financial's ten largest holdings make up 24% of its $38.1B portfolio in Q2 2018.
- LPL Financial opened 201 new positions and closed 171 in Q2 2018.
- LPL Financial's portfolio value rose 4.9% quarter-over-quarter to $38.1B.
Based on LPL Financial's 13F filing for Q2 2018, filed 14 Aug 2018.