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 | |
|---|---|---|---|---|---|---|
151
Vanguard Health Care ETF
VHT
$18.2B
| $44.9M | 0.12% |
282,279
+3,110
| +1% | +$490K |
|
152
Honeywell
HON
$77.1B
| $44.7M | 0.12% |
343,178
-5,518
| -2% | -$734K |
|
153
Costco
COST
$415B
| $44.6M | 0.12% |
213,351
+2,488
| +1% | +$491K |
|
154
iShares 1-5 Year Investment Grade Corporate Bond ETF
IGSB
$22.8B
| $43.6M | 0.11% |
841,160
-2,050
| -0.2% | -$106K |
|
155
UnitedHealth
UNH
$382B
| $43.5M | 0.11% |
177,463
-7,015
| -4% | -$1.68M |
|
156
Vanguard Mega Cap Growth ETF
MGK
$31.9B
| $43.4M | 0.11% |
1,825,475
-147,735
| -7% | -$3.45M |
|
157
Walmart Inc
WMT
$871B
| $43.2M | 0.11% |
1,513,806
+11,574
| +0.8% | +$329K |
|
158
WisdomTree US Total Dividend Fund
DTD
$1.65B
| $42.7M | 0.11% |
937,732
+28,668
| +3% | +$1.3M |
|
159
BP
BP
$113B
| $42.7M | 0.11% |
993,899
-63,715
| -6% | -$2.68M |
|
160
Philip Morris
PM
$301B
| $42.6M | 0.11% |
527,113
+31,402
| +6% | +$2.66M |
|
161
FS KKR Capital
FSK
$2.98B
| $42.3M | 0.11% |
1,439,987
-68,178
| -5% | -$2.08M |
|
162
3M
MMM
$89B
| $42.3M | 0.11% |
257,219
+18,048
| +8% | +$3.08M |
|
163
Vanguard Total World Stock ETF
VT
$76.3B
| $42M | 0.11% |
572,417
-46,231
| -7% | -$3.45M |
|
164
iShare MSCI Eurozone ETF
EZU
$9.41B
| $41.8M | 0.11% |
1,018,210
-500,621
| -33% | -$21.8M |
|
165
State Street SPDR Bloomberg Convertible Securities ETF
CWB
$5.64B
| $41.7M | 0.11% |
787,342
-125,620
| -14% | -$6.63M |
|
166
Schwab US Large-Cap Growth ETF
SCHG
$58.5B
| $41.1M | 0.11% |
4,334,928
+109,136
| +3% | +$1.02M |
|
167
Xtrackers MSCI EAFE Hedged Equity ETF
DBEF
$9.13B
| $40.6M | 0.11% |
1,293,082
+232,871
| +22% | +$7.42M |
|
168
iShares National Muni Bond ETF
MUB
$45.1B
| $40.4M | 0.11% |
370,892
+7,235
| +2% | +$785K |
|
169
Vanguard Extended Market ETF
VXF
$30.3B
| $40.4M | 0.11% |
343,133
+11,680
| +4% | +$1.35M |
|
170
Wells Fargo
WFC
$261B
| $40.1M | 0.11% |
723,923
-66,410
| -8% | -$3.56M |
|
171
Caterpillar
CAT
$409B
| $40M | 0.11% |
294,739
-7,245
| -2% | -$1.08M |
|
172
Vanguard Consumer Staples ETF
VDC
$7.86B
| $39.8M | 0.1% |
296,064
+3,332
| +1% | +$441K |
|
173
Southern Company
SO
$110B
| $39.6M | 0.1% |
855,947
-46,402
| -5% | -$2.08M |
|
174
First Trust Large Cap Value AlphaDEX Fund
FTA
$1.38B
| $39.5M | 0.1% |
754,955
+5,724
| +0.8% | +$303K |
|
175
State Street SPDR Portfolio S&P 500 Growth ETF
SPYG
$50.7B
| $39.1M | 0.1% |
1,112,743
+41,850
| +4% | +$1.45M |
|
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.