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 | |
|---|---|---|---|---|---|---|
151
First Trust US Equity Opportunities ETF
FPX
$1.51B
| $50.4M | 0.12% |
678,835
+28,442
| +4% | +$2.1M |
|
152
Caterpillar
CAT
$409B
| $49.8M | 0.12% |
326,369
+31,630
| +11% | +$4.47M |
|
153
Vanguard Mega Cap Growth ETF
MGK
$31.9B
| $49.6M | 0.12% |
1,934,270
+108,795
| +6% | +$2.71M |
|
154
First Trust NASDAQ-100 Technology Index Fund
QTEC
$4.4B
| $49.5M | 0.12% |
623,206
+21,411
| +4% | +$1.7M |
|
155
iShares International Select Dividend ETF
IDV
$8.25B
| $49.3M | 0.12% |
1,509,538
+43,225
| +3% | +$1.41M |
|
156
State Street SPDR S&P Regional Banking ETF
KRE
$4.86B
| $49.1M | 0.12% |
827,118
-21,806
| -3% | -$1.36M |
|
157
Alibaba
BABA
$269B
| $47.4M | 0.11% |
287,902
+7,808
| +3% | +$1.38M |
|
158
iShares US Medical Devices ETF
IHI
$3.02B
| $46.6M | 0.11% |
1,228,338
+147,540
| +14% | +$5.24M |
|
|
WBIH
159
DELISTED
WBI BullBear Global High Income ETF
WBIH
| $46M | 0.11% |
1,931,515
-138,133
| -7% | -$3.32M |
|
160
Invesco Senior Loan ETF
BKLN
$7.1B
| $45.6M | 0.11% |
1,968,073
-63,821
| -3% | -$1.47M |
|
161
Vanguard Extended Market ETF
VXF
$30.3B
| $45.5M | 0.11% |
370,943
+27,810
| +8% | +$3.4M |
|
162
Adobe
ADBE
$89.5B
| $45.4M | 0.11% |
168,102
+47,119
| +39% | +$12.1M |
|
163
WisdomTree US Total Dividend Fund
DTD
$1.65B
| $45.3M | 0.11% |
943,078
+5,346
| +0.6% | +$253K |
|
164
FS KKR Capital
FSK
$2.98B
| $45.3M | 0.11% |
1,605,334
+165,347
| +11% | +$5.05M |
|
165
Schwab US Large-Cap Growth ETF
SCHG
$58.5B
| $45.1M | 0.11% |
4,402,000
+67,072
| +2% | +$668K |
|
166
3M
MMM
$89B
| $45M | 0.11% |
255,540
-1,679
| -0.7% | -$289K |
|
167
Philip Morris
PM
$301B
| $45M | 0.11% |
551,532
+24,419
| +5% | +$2M |
|
168
Vanguard Total World Stock ETF
VT
$76.3B
| $44.3M | 0.11% |
584,572
+12,155
| +2% | +$915K |
|
169
State Street SPDR Bloomberg Convertible Securities ETF
CWB
$5.64B
| $44.1M | 0.11% |
818,208
+30,866
| +4% | +$1.65M |
|
170
BP
BP
$113B
| $43.5M | 0.1% |
987,791
-6,108
| -0.6% | -$255K |
|
171
RTX Corp
RTX
$287B
| $43M | 0.1% |
489,096
+127,935
| +35% | +$10.7M |
|
172
State Street Utilities Select Sector SPDR ETF
XLU
$24.1B
| $43M | 0.1% |
1,633,238
+222,410
| +16% | +$5.91M |
|
173
Goldman Sachs ActiveBeta US Large Cap Equity ETF
GSLC
$15.2B
| $42.9M | 0.1% |
729,997
+132,432
| +22% | +$7.62M |
|
174
First Trust Large Cap Value AlphaDEX Fund
FTA
$1.38B
| $42.7M | 0.1% |
788,988
+34,033
| +5% | +$1.84M |
|
175
iShares MSCI USA Quality Factor ETF
QUAL
$45.8B
| $42.3M | 0.1% |
467,929
+149,462
| +47% | +$13.1M |
|
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.