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 | |
|---|---|---|---|---|---|---|
126
Mastercard
MA
$496B
| $65.7M | 0.15% |
279,050
+18,071
| +7% | +$3.89M |
|
127
Pacer Trendpilot US Large Cap ETF
PTLC
$3.24B
| $65.6M | 0.15% |
2,232,191
+871,613
| +64% | +$25.2M |
|
128
iShares US Medical Devices ETF
IHI
$3.13B
| $65M | 0.15% |
1,685,640
+136,902
| +9% | +$4.97M |
|
129
Vanguard Mega Cap Growth ETF
MGK
$31.8B
| $64.3M | 0.15% |
2,584,625
+510,305
| +25% | +$12M |
|
130
iShares Russell Mid-Cap Value ETF
IWS
$15.8B
| $63.9M | 0.15% |
736,144
+15,019
| +2% | +$1.27M |
|
131
iShares Russell 2000 Growth ETF
IWO
$14.4B
| $63.8M | 0.15% |
324,505
+3,521
| +1% | +$670K |
|
|
132
VictoryShares US EQ Income Enhanced Volatility Wtd ETF
CDC
$755M
| $63.6M | 0.14% |
1,428,221
-1,883,898
| -57% | -$82.3M |
|
133
Vanguard Health Care ETF
VHT
$18.6B
| $63.6M | 0.14% |
368,753
+17,150
| +5% | +$2.91M |
|
134
Goldman Sachs ActiveBeta US Large Cap Equity ETF
GSLC
$15B
| $62.7M | 0.14% |
1,102,604
+151,176
| +16% | +$8.27M |
|
135
NVIDIA
NVDA
$4.78T
| $62M | 0.14% |
13,810,480
+3,096,720
| +29% | +$12M |
|
136
iShares Russell 3000 ETF
IWV
$19.5B
| $61.8M | 0.14% |
370,799
-8,962
| -2% | -$1.44M |
|
137
Vanguard Mid-Cap Value ETF
VOE
$24B
| $61.6M | 0.14% |
571,191
-24,442
| -4% | -$2.57M |
|
138
iShares S&P Mid-Cap 400 Value ETF
IJJ
$8.93B
| $60.9M | 0.14% |
776,248
+338,426
| +77% | +$26.2M |
|
139
ProShares S&P 500 Dividend Aristocrats ETF
NOBL
$12B
| $60.8M | 0.14% |
1,793,518
+6,796
| +0.4% | +$220K |
|
140
Alibaba
BABA
$277B
| $59.4M | 0.14% |
325,706
+30,189
| +10% | +$5.08M |
|
141
Vanguard Small-Cap Growth ETF
VBK
$23.2B
| $58.6M | 0.13% |
325,908
+1,598
| +0.5% | +$274K |
|
142
iShares S&P Mid-Cap 400 Growth ETF
IJK
$10.8B
| $57.9M | 0.13% |
1,057,488
+8,600
| +0.8% | +$454K |
|
143
Invesco S&P 500 High Dividend Low Volatility ETF
SPHD
$3.42B
| $57.7M | 0.13% |
1,359,538
-20,806
| -2% | -$858K |
|
144
iShares National Muni Bond ETF
MUB
$45.3B
| $57M | 0.13% |
512,989
+64,116
| +14% | +$7.03M |
|
145
Costco
COST
$430B
| $57M | 0.13% |
235,225
+9,412
| +4% | +$2.06M |
|
146
Merck
MRK
$325B
| $56M | 0.13% |
706,176
+50,983
| +8% | +$3.81M |
|
147
iShares 7-10 Year Treasury Bond ETF
IEF
$47.4B
| $55.2M | 0.13% |
517,746
+51,266
| +11% | +$5.36M |
|
148
FS KKR Capital
FSK
$3.05B
| $55.2M | 0.13% |
2,280,358
-341,154
| -13% | -$8.46M |
|
149
Vanguard Total International Stock ETF
VXUS
$153B
| $54.6M | 0.12% |
1,051,324
-144,848
| -12% | -$7.35M |
|
150
UnitedHealth
UNH
$390B
| $54.4M | 0.12% |
219,889
+20,034
| +10% | +$5.11M |
|
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.