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 Mid-Cap ETF
IJH
|
+$109M |
| 2 |
iShares Russell 2000 ETF
IWM
|
+$91.3M |
| 3 |
iShares Core S&P Small-Cap ETF
IJR
|
+$89.2M |
| 4 |
iShares Short Maturity Bond ETF
NEAR
|
+$87.5M |
| 5 |
Invesco QQQ Trust
QQQ
|
+$76.2M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
State Street SPDR Dow Jones Industrial Average ETF Trust
DIA
|
+$36.6M |
| 2 |
State Street Industrial Select Sector SPDR ETF
XLI
|
+$35.8M |
| 3 |
iShare MSCI Eurozone ETF
EZU
|
+$34.1M |
| 4 |
iShares MSCI Singapore ETF
EWS
|
+$32.2M |
| 5 |
iShares 5-10 Year Investment Grade Corporate Bond ETF
IGIB
|
+$28.8M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 3.42% |
| 2 | Financials | 2.78% |
| 3 | Healthcare | 2.37% |
| 4 | Industrials | 2.25% |
| 5 | Consumer Discretionary | 2.03% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
126
First Trust Exchange-Traded Fund IV First Trust Low Duration Opportunities ETF
LMBS
$6.32B
| $60.7M | 0.15% |
1,191,393
+151,605
| +15% | +$7.75M |
|
127
First Trust Enhanced Short Maturity ETF
FTSM
$6.51B
| $59.6M | 0.14% |
992,492
+220,701
| +29% | +$13.2M |
|
128
iShares Biotechnology ETF
IBB
$9.31B
| $59.4M | 0.14% |
486,811
+408
| +0.1% | +$48K |
|
129
iShares Russell 2000 Value ETF
IWN
$14.4B
| $59.2M | 0.14% |
445,425
+20,453
| +5% | +$2.75M |
|
130
NVIDIA
NVDA
$5.01T
| $58.9M | 0.14% |
8,376,960
+204,000
| +2% | +$1.33M |
|
131
Invesco S&P 500 High Dividend Low Volatility ETF
SPHD
$3.36B
| $57.6M | 0.14% |
1,391,477
+58,718
| +4% | +$2.45M |
|
132
iShares MSCI Germany ETF
EWG
$1.5B
| $57.5M | 0.14% |
1,933,170
+1,725,493
| +831% | +$52.3M |
|
133
ProShares S&P 500 Dividend Aristocrats ETF
NOBL
$11.6B
| $57.4M | 0.14% |
1,717,326
-35,294
| -2% | -$1.16M |
|
134
iShares US Technology ETF
IYW
$23.7B
| $56.3M | 0.14% |
1,161,152
+77,420
| +7% | +$3.66M |
|
135
State Street SPDR Portfolio S&P 500 Growth ETF
SPYG
$50.7B
| $56M | 0.13% |
1,465,571
+352,828
| +32% | +$13.1M |
|
136
iShares 20+ Year Treasury Bond ETF
TLT
$42.1B
| $56M | 0.13% |
477,488
-120,262
| -20% | -$14.4M |
|
137
Vanguard Health Care ETF
VHT
$18.2B
| $55.8M | 0.13% |
309,161
+26,882
| +10% | +$4.62M |
|
138
Invesco Preferred ETF
PGX
$3.84B
| $55.4M | 0.13% |
3,865,338
+45,544
| +1% | +$661K |
|
139
Mastercard
MA
$477B
| $54.3M | 0.13% |
244,075
+69,597
| +40% | +$14.5M |
|
140
Vanguard FTSE All-World ex-US ETF
VEU
$65.6B
| $54.1M | 0.13% |
1,039,256
+45,692
| +5% | +$2.38M |
|
141
PepsiCo
PEP
$186B
| $53.7M | 0.13% |
480,671
+14,450
| +3% | +$1.64M |
|
142
Alerian MLP ETF
AMLP
$13B
| $52.8M | 0.13% |
988,613
-1,922
| -0.2% | -$104K |
|
143
State Street SPDR Bloomberg International Treasury Bond ETF
BWX
$1.32B
| $52.8M | 0.13% |
1,926,974
-457,038
| -19% | -$12.6M |
|
144
UnitedHealth
UNH
$382B
| $51.9M | 0.12% |
195,132
+17,669
| +10% | +$4.6M |
|
145
Costco
COST
$415B
| $51.9M | 0.12% |
220,866
+7,515
| +4% | +$1.69M |
|
146
iShares MSCI Emerging Markets Min Vol Factor ETF
EEMV
$3.45B
| $51.7M | 0.12% |
871,427
-69,600
| -7% | -$4.08M |
|
147
Honeywell
HON
$77.1B
| $51.7M | 0.12% |
343,724
+546
| +0.2% | +$77.4K |
|
148
Vanguard Large-Cap ETF
VV
$51.9B
| $51.2M | 0.12% |
383,617
+11,077
| +3% | +$1.45M |
|
149
Intel
INTC
$466B
| $51M | 0.12% |
1,077,950
-108,014
| -9% | -$5.26M |
|
150
iShares 7-10 Year Treasury Bond ETF
IEF
$47.1B
| $50.9M | 0.12% |
502,679
-76,419
| -13% | -$7.8M |
|
Similar funds
LPL Financial's Q3 2018 Portfolio in Review
As of Q3 2018, LPL Financial held 3,397 positions worth $41.7B, up 9.5% from $38.1B the previous quarter. Its ten largest holdings account for 24% of the portfolio.
LPL Financial deployed $1.97B of net new capital in Q3 2018, opening 192 new positions and adding to 1,682 existing holdings. Its largest new stake was Xtrackers USD High Yield Corporate Bond ETF: 728,055 shares worth $29M.
By sector, the portfolio is most concentrated in Technology at 3.4% 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 Dow Jones Industrial Average ETF Trust, an estimated $36.6M trimmed.
- LPL Financial's largest Q3 2018 buy was Xtrackers USD High Yield Corporate Bond ETF: 728,055 shares worth $29M.
- LPL Financial added most to iShares Core S&P Mid-Cap ETF in Q3 2018, an estimated $109M increase.
- LPL Financial's biggest Q3 2018 reduction was State Street SPDR Dow Jones Industrial Average ETF Trust, cutting an estimated $36.6M.
- LPL Financial fully exited iShares iBonds Sep 2018 Term Muni Bond ETF in Q3 2018, selling an estimated $2.44M.
- LPL Financial's ten largest holdings make up 24% of its $41.7B portfolio in Q3 2018.
- LPL Financial opened 192 new positions and closed 170 in Q3 2018.
- LPL Financial's portfolio value rose 9.5% quarter-over-quarter to $41.7B.
Based on LPL Financial's 13F filing for Q3 2018, filed 14 Nov 2018.