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 | |
|---|---|---|---|---|---|---|
151
iShares US Basic Materials ETF
IYM
$1.16B
| $44.3M | 0.12% |
461,457
+62,389
| +16% | +$6.4M |
|
152
Vanguard Mega Cap Growth ETF
MGK
$31.9B
| $44.3M | 0.12% |
1,973,210
-36,075
| -2% | -$838K |
|
153
Starbucks
SBUX
$118B
| $44M | 0.12% |
760,890
+57,552
| +8% | +$3.33M |
|
154
3M
MMM
$89B
| $43.9M | 0.12% |
239,171
+27,099
| +13% | +$5.37M |
|
155
iShares 1-5 Year Investment Grade Corporate Bond ETF
IGSB
$22.8B
| $43.8M | 0.12% |
843,210
-89,802
| -10% | -$4.67M |
|
156
FS KKR Capital
FSK
$2.98B
| $43.7M | 0.12% |
1,508,165
+215,189
| +17% | +$6.4M |
|
157
Vanguard Health Care ETF
VHT
$18.2B
| $42.9M | 0.12% |
279,169
+35,096
| +14% | +$5.6M |
|
158
First Trust US Equity Opportunities ETF
FPX
$1.51B
| $42.5M | 0.12% |
620,637
+23,908
| +4% | +$1.7M |
|
159
iShares Gold Trust
IAU
$63B
| $42.3M | 0.12% |
1,662,193
+116,708
| +8% | +$2.98M |
|
160
State Street SPDR S&P Regional Banking ETF
KRE
$4.86B
| $42.2M | 0.12% |
698,792
+19,662
| +3% | +$1.22M |
|
161
First Trust NASDAQ-100 Technology Index Fund
QTEC
$4.4B
| $42.1M | 0.12% |
553,275
+43,716
| +9% | +$3.36M |
|
162
Alerian MLP ETF
AMLP
$12.9B
| $41.7M | 0.11% |
889,198
+57,375
| +7% | +$3.07M |
|
163
Netflix
NFLX
$292B
| $41.4M | 0.11% |
1,403,050
+238,920
| +21% | +$6.5M |
|
164
Wells Fargo
WFC
$261B
| $41.4M | 0.11% |
790,333
+74,869
| +10% | +$4.45M |
|
165
Merck
MRK
$324B
| $41.2M | 0.11% |
793,254
+30,061
| +4% | +$1.62M |
|
166
WisdomTree US Total Dividend Fund
DTD
$1.65B
| $40.5M | 0.11% |
909,064
+13,326
| +1% | +$617K |
|
167
Northrop Grumman
NOC
$77B
| $40.3M | 0.11% |
115,443
+4,639
| +4% | +$1.55M |
|
168
Southern Company
SO
$110B
| $40.3M | 0.11% |
902,349
+281,058
| +45% | +$12.5M |
|
169
NVIDIA
NVDA
$5.01T
| $40.1M | 0.11% |
6,922,680
+996,080
| +17% | +$5.85M |
|
170
Vanguard Consumer Staples ETF
VDC
$7.86B
| $39.8M | 0.11% |
292,732
+45,023
| +18% | +$6.38M |
|
171
BP
BP
$113B
| $39.8M | 0.11% |
1,057,614
+424,366
| +67% | +$16M |
|
172
Costco
COST
$415B
| $39.7M | 0.11% |
210,863
+7,019
| +3% | +$1.32M |
|
173
iShares National Muni Bond ETF
MUB
$45.1B
| $39.6M | 0.11% |
363,657
+23,371
| +7% | +$2.55M |
|
174
First Trust Large Cap Value AlphaDEX Fund
FTA
$1.38B
| $39.5M | 0.11% |
749,231
+31,297
| +4% | +$1.71M |
|
175
UnitedHealth
UNH
$382B
| $39.5M | 0.11% |
184,478
+24,602
| +15% | +$5.62M |
|
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.