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 US Aggregate Bond ETF
AGG
|
+$127M |
| 2 |
iShares Core S&P Total US Stock Market ETF
ITOT
|
+$86.5M |
| 3 |
iShares MSCI USA Min Vol Factor ETF
USMV
|
+$66.9M |
| 4 |
State Street SPDR Portfolio Intermediate Term Corporate Bond ETF
SPIB
|
+$58.9M |
| 5 |
Vanguard Total Stock Market ETF
VTI
|
+$57.7M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
iShares Core S&P Small-Cap ETF
IJR
|
+$67M |
| 2 |
State Street Technology Select Sector SPDR ETF
XLK
|
+$44.8M |
| 3 |
iShares Core S&P Mid-Cap ETF
IJH
|
+$38.8M |
| 4 |
State Street Consumer Discretionary Select Sector SPDR ETF
XLY
|
+$36.2M |
| 5 |
iShares MSCI Germany ETF
EWG
|
+$35.2M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 3.13% |
| 2 | Financials | 2.74% |
| 3 | Healthcare | 2.44% |
| 4 | Industrials | 2.02% |
| 5 | Communication Services | 2.02% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
151
Costco
COST
$415B
| $46M | 0.12% |
225,813
+4,947
| +2% | +$1.1M |
|
|
WBIH
152
DELISTED
WBI BullBear Global High Income ETF
WBIH
| $45.9M | 0.12% |
2,097,790
+166,275
| +9% | +$3.77M |
|
153
iShares Biotechnology ETF
IBB
$9.31B
| $45M | 0.12% |
466,190
-20,621
| -4% | -$2.19M |
|
154
Vanguard Large-Cap ETF
VV
$51.9B
| $44.9M | 0.12% |
390,627
+7,010
| +2% | +$868K |
|
155
Vanguard Mega Cap Growth ETF
MGK
$31.9B
| $44.4M | 0.12% |
2,074,320
+140,050
| +7% | +$3.24M |
|
156
State Street SPDR Portfolio S&P 500 Value ETF
SPYV
$36.1B
| $44.3M | 0.12% |
1,631,071
+297,630
| +22% | +$8.75M |
|
157
Caterpillar
CAT
$409B
| $43.9M | 0.12% |
345,794
+19,425
| +6% | +$2.53M |
|
158
Duke Energy
DUK
$102B
| $43.9M | 0.12% |
508,505
+27,284
| +6% | +$2.32M |
|
159
iShares 1-5 Year Investment Grade Corporate Bond ETF
IGSB
$22.8B
| $43.8M | 0.12% |
847,791
+51,109
| +6% | +$2.64M |
|
160
Walmart Inc
WMT
$871B
| $43.1M | 0.11% |
1,389,258
+96,675
| +7% | +$3.1M |
|
161
McDonald's
MCD
$188B
| $43.1M | 0.11% |
242,521
+32,321
| +15% | +$5.73M |
|
162
First Trust US Equity Opportunities ETF
FPX
$1.51B
| $43M | 0.11% |
692,651
+13,816
| +2% | +$925K |
|
163
iShares 3-7 Year Treasury Bond ETF
IEI
$18.1B
| $42.9M | 0.11% |
353,395
+183,864
| +108% | +$21.9M |
|
164
Schwab US Dividend Equity ETF
SCHD
$102B
| $41.8M | 0.11% |
2,669,040
+1,048,839
| +65% | +$17.5M |
|
165
Schwab US Large-Cap Growth ETF
SCHG
$58.5B
| $41.7M | 0.11% |
4,840,384
+438,384
| +10% | +$4.08M |
|
166
iShares US Technology ETF
IYW
$23.7B
| $41.3M | 0.11% |
1,033,812
-127,340
| -11% | -$5.51M |
|
167
Janus Henderson Short Duration Income ETF
VNLA
$3.33B
| $40.7M | 0.11% |
829,815
+130,104
| +19% | +$6.49M |
|
168
Alibaba
BABA
$269B
| $40.5M | 0.11% |
295,517
+7,615
| +3% | +$1.13M |
|
169
WisdomTree US Total Dividend Fund
DTD
$1.65B
| $40.5M | 0.11% |
956,514
+13,436
| +1% | +$611K |
|
170
Adobe
ADBE
$89.5B
| $40.4M | 0.11% |
178,734
+10,632
| +6% | +$2.57M |
|
171
Honeywell
HON
$77.1B
| $40.3M | 0.11% |
323,943
-19,781
| -6% | -$2.7M |
|
172
3M
MMM
$89B
| $40.1M | 0.11% |
251,574
-3,966
| -2% | -$658K |
|
173
Amgen
AMGN
$203B
| $40.1M | 0.11% |
205,813
+11,848
| +6% | +$2.31M |
|
174
iShares US Healthcare ETF
IYH
$3.11B
| $39.9M | 0.11% |
1,103,995
+105,135
| +11% | +$4.03M |
|
175
First Trust Morningstar Dividend Leaders Index Fund
FDL
$7.72B
| $39.8M | 0.11% |
1,462,732
+160,062
| +12% | +$4.65M |
|
Similar funds
LPL Financial's Q4 2018 Portfolio in Review
As of Q4 2018, LPL Financial held 3,382 positions worth $37.6B, down 9.9% from $41.7B the previous quarter. Its ten largest holdings account for 24% of the portfolio.
LPL Financial's Q4 2018 filing shows 155 new, 1,459 increased, 1,397 reduced and 312 closed positions. Its largest new stake was Global X Adaptive US Factor ETF: 452,590 shares worth $9.97M. The largest sale was iShares Core S&P Small-Cap ETF, an estimated $67M.
By sector, the portfolio is most concentrated in Technology at 3.1% of assets, down from 3.4% a quarter earlier, followed by Financials and Healthcare.
- LPL Financial's largest Q4 2018 buy was Global X Adaptive US Factor ETF: 452,590 shares worth $9.97M.
- LPL Financial added most to iShares Core US Aggregate Bond ETF in Q4 2018, an estimated $127M increase.
- LPL Financial's biggest Q4 2018 reduction was iShares Core S&P Small-Cap ETF, cutting an estimated $67M.
- LPL Financial fully exited Corporate Capital Trust, Inc. in Q4 2018, selling an estimated $30.3M.
- LPL Financial's ten largest holdings make up 24% of its $37.6B portfolio in Q4 2018.
- LPL Financial opened 155 new positions and closed 312 in Q4 2018.
- LPL Financial's portfolio value fell 9.9% quarter-over-quarter to $37.6B.
Based on LPL Financial's 13F filing for Q4 2018, filed 7 Feb 2019.