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 |
State Street SPDR S&P 500 ETF Trust
SPY
|
+$211M |
| 2 |
iShares ESG Aware MSCI USA ETF
ESGU
|
+$132M |
| 3 |
Goldman Sachs ActiveBeta US Large Cap Equity ETF
GSLC
|
+$96.7M |
| 4 |
State Street SPDR Bloomberg 1-3 Month T-Bill ETF
BIL
|
+$96.1M |
| 5 |
Vanguard S&P 500 ETF
VOO
|
+$92.8M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
VictoryShares US Large Cap High Div Volatility Wtd ETF
CDL
|
+$72.7M |
| 2 |
iShares Core US Aggregate Bond ETF
AGG
|
+$65.8M |
| 3 |
iShares 1-3 Year Treasury Bond ETF
SHY
|
+$59.2M |
| 4 |
iShares US Real Estate ETF
IYR
|
+$56.8M |
| 5 |
Invesco FTSE RAFI US 1000 ETF
PRF
|
+$55.7M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 4.59% |
| 2 | Healthcare | 2.61% |
| 3 | Financials | 2.51% |
| 4 | Consumer Discretionary | 2.22% |
| 5 | Communication Services | 2.18% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
126
Coca-Cola
KO
$383B
| $74M | 0.16% |
1,672,999
+15,727
| +0.9% | +$849K |
|
127
PepsiCo
PEP
$196B
| $73.9M | 0.16% |
615,502
+35,587
| +6% | +$4.81M |
|
128
Boeing
BA
$169B
| $73.8M | 0.16% |
494,858
+48,103
| +11% | +$13.2M |
|
129
Netflix
NFLX
$307B
| $73.2M | 0.16% |
1,949,300
+41,610
| +2% | +$1.47M |
|
130
ExxonMobil
XOM
$650B
| $73M | 0.16% |
1,922,057
+195,654
| +11% | +$10.8M |
|
131
WisdomTree Trust WisdomTree US Quality Dividend Growth Fund
DGRW
$16.5B
| $71.8M | 0.15% |
1,846,077
+584,664
| +46% | +$26.6M |
|
132
First Trust Dorsey Wright Focus 5 ETF
FV
$3.57B
| $70.8M | 0.15% |
2,754,938
-104,772
| -4% | -$3.17M |
|
133
Schwab US Dividend Equity ETF
SCHD
$104B
| $70.7M | 0.15% |
4,714,461
+362,916
| +8% | +$6.52M |
|
134
Cisco
CSCO
$443B
| $70.6M | 0.15% |
1,795,534
-124,554
| -6% | -$5.46M |
|
135
iShares ESG Aware MSCI EM ETF
ESGE
$6.27B
| $69.6M | 0.15% |
2,542,245
+2,487,697
| +4,561% | +$82.1M |
|
136
State Street Consumer Discretionary Select Sector SPDR ETF
XLY
$21.7B
| $68.2M | 0.15% |
1,391,366
-244,842
| -15% | -$14.5M |
|
137
Vanguard Short-Term Treasury ETF
VGSH
$29.3B
| $68.2M | 0.15% |
1,094,358
+241,251
| +28% | +$14.8M |
|
138
Vanguard Morningstar Small-Cap Value ETF
VBR
$37.2B
| $66.9M | 0.14% |
753,344
+5,029
| +0.7% | +$610K |
|
139
iShares MSCI Emerging Markets ETF
EEM
$27.5B
| $66.9M | 0.14% |
1,959,420
-547,204
| -22% | -$22.5M |
|
140
Merck
MRK
$322B
| $66.8M | 0.14% |
910,065
+79,775
| +10% | +$6.27M |
|
141
ARK Innovation ETF
ARKK
$5.59B
| $65.2M | 0.14% |
1,481,442
+249,072
| +20% | +$12.7M |
|
142
Vanguard Health Care ETF
VHT
$18.5B
| $64.9M | 0.14% |
390,773
-30,914
| -7% | -$5.65M |
|
143
iShares US Medical Devices ETF
IHI
$3.17B
| $64.6M | 0.14% |
1,718,748
+17,256
| +1% | +$727K |
|
144
Amgen
AMGN
$209B
| $63.7M | 0.14% |
314,415
+30,625
| +11% | +$6.69M |
|
145
First Trust Smith Opportunistic Fixed Income ETF
FIXD
$3.23B
| $62.7M | 0.14% |
1,188,825
+428,361
| +56% | +$22.5M |
|
146
Schwab US Large-Cap Growth ETF
SCHG
$58.2B
| $60.4M | 0.13% |
6,063,680
+99,176
| +2% | +$1.13M |
|
147
iShares Russell Mid-Cap Growth ETF
IWP
$19.4B
| $60.3M | 0.13% |
991,622
-29,846
| -3% | -$2.17M |
|
148
Vanguard Morningstar Mega Cap Growth ETF
MGK
$31.3B
| $59.9M | 0.13% |
2,357,465
-429,820
| -15% | -$12.4M |
|
149
Starbucks
SBUX
$119B
| $59.1M | 0.13% |
898,570
+144,949
| +19% | +$11.7M |
|
150
State Street SPDR Portfolio Aggregate Bond ETF
SPAB
$9.77B
| $57.4M | 0.12% |
1,898,647
+1,275,139
| +205% | +$37.9M |
|
Similar funds
LPL Financial's Q1 2020 Portfolio in Review
As of Q1 2020, LPL Financial held 3,530 positions worth $46.4B, down 16% from $55B the previous quarter. Its ten largest holdings account for 22% of the portfolio.
LPL Financial's Q1 2020 filing shows 190 new, 1,571 increased, 1,390 reduced and 328 closed positions. Its largest new stake was WisdomTree US Value Fund: 685,092 shares worth $22.2M. The largest sale was VictoryShares US Large Cap High Div Volatility Wtd ETF, an estimated $72.7M.
By sector, the portfolio is most concentrated in Technology at 4.6% of assets, up from 4.1% a quarter earlier, followed by Healthcare and Financials.
- LPL Financial's largest Q1 2020 buy was WisdomTree US Value Fund: 685,092 shares worth $22.2M.
- LPL Financial added most to State Street SPDR S&P 500 ETF Trust in Q1 2020, an estimated $211M increase.
- LPL Financial's biggest Q1 2020 reduction was VictoryShares US Large Cap High Div Volatility Wtd ETF, cutting an estimated $72.7M.
- LPL Financial fully exited iShares MSCI Italy ETF in Q1 2020, selling an estimated $13.2M.
- LPL Financial's ten largest holdings make up 22% of its $46.4B portfolio in Q1 2020.
- LPL Financial opened 190 new positions and closed 328 in Q1 2020.
- LPL Financial's portfolio value fell 16% quarter-over-quarter to $46.4B.
Based on LPL Financial's 13F filing for Q1 2020, filed 14 May 2020.