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 |
Vanguard Total Bond Market
BND
|
+$248M |
| 2 |
iShares Core MSCI EAFE ETF
IEFA
|
+$157M |
| 3 |
iShares Core MSCI Emerging Markets ETF
IEMG
|
+$130M |
| 4 |
iShares Core US Aggregate Bond ETF
AGG
|
+$105M |
| 5 |
iShares MSCI USA Min Vol Factor ETF
USMV
|
+$103M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
VictoryShares US EQ Income Enhanced Volatility Wtd ETF
CDC
|
+$82.3M |
| 2 |
iShares Core S&P 500 ETF
IVV
|
+$82.1M |
| 3 |
iShares Core S&P Small-Cap ETF
IJR
|
+$38.4M |
| 4 |
iShares Core S&P Mid-Cap ETF
IJH
|
+$35.9M |
| 5 |
iShares S&P 500 Growth ETF
IVW
|
+$35.7M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 3.49% |
| 2 | Financials | 2.7% |
| 3 | Healthcare | 2.33% |
| 4 | Industrials | 2.12% |
| 5 | Communication Services | 2.08% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
151
First Trust Preferred Securities and Income ETF
FPE
$6.32B
| $54.2M | 0.12% |
2,846,078
+271,761
| +11% | +$5.09M |
|
152
Vanguard FTSE All-World ex-US ETF
VEU
$65.8B
| $53.9M | 0.12% |
1,075,126
+3,783
| +0.4% | +$185K |
|
153
Philip Morris
PM
$316B
| $53.9M | 0.12% |
609,519
+61,640
| +11% | +$4.96M |
|
154
iShares Russell 2000 Value ETF
IWN
$14.5B
| $53.8M | 0.12% |
448,962
+2,338
| +0.5% | +$279K |
|
155
ARK Innovation ETF
ARKK
$5.72B
| $53.7M | 0.12% |
1,149,649
+241,670
| +27% | +$10.6M |
|
156
State Street SPDR Portfolio S&P 500 Value ETF
SPYV
$36.5B
| $53.4M | 0.12% |
1,765,002
+133,931
| +8% | +$3.95M |
|
157
Schwab US Large-Cap Growth ETF
SCHG
$59.2B
| $53.1M | 0.12% |
5,349,544
+509,160
| +11% | +$4.81M |
|
158
VictoryShares US 500 Enhanced Volatility Wtd ETF
CFO
$422M
| $52.3M | 0.12% |
1,119,497
-183,091
| -14% | -$8.35M |
|
159
iShares 3-7 Year Treasury Bond ETF
IEI
$18.1B
| $52.2M | 0.12% |
423,370
+69,975
| +20% | +$8.52M |
|
160
iShares International Select Dividend ETF
IDV
$8.29B
| $52.1M | 0.12% |
1,689,651
+371,601
| +28% | +$11.5M |
|
161
Vanguard Large-Cap ETF
VV
$52.1B
| $52.1M | 0.12% |
401,327
+10,700
| +3% | +$1.34M |
|
162
Goldman Sachs Access Treasury 0-1 Year ETF
GBIL
$7.64B
| $52M | 0.12% |
518,938
+42,001
| +9% | +$4.21M |
|
163
Caterpillar
CAT
$386B
| $51.3M | 0.12% |
378,514
+32,720
| +9% | +$4.35M |
|
164
State Street SPDR Portfolio S&P 500 Growth ETF
SPYG
$50.5B
| $51.2M | 0.12% |
1,376,826
-167,262
| -11% | -$5.91M |
|
165
Vanguard Consumer Staples ETF
VDC
$8.18B
| $51M | 0.12% |
351,065
+142
| +0% | +$19.7K |
|
166
Adobe
ADBE
$101B
| $50.8M | 0.12% |
190,653
+11,919
| +7% | +$3M |
|
167
First Trust US Equity Opportunities ETF
FPX
$1.47B
| $50.6M | 0.12% |
676,248
-16,403
| -2% | -$1.15M |
|
168
Honeywell
HON
$78.9B
| $49.7M | 0.11% |
331,919
+7,976
| +2% | +$1.11M |
|
169
Alerian MLP ETF
AMLP
$12.8B
| $49.4M | 0.11% |
985,205
+181,837
| +23% | +$8.91M |
|
170
Schwab US Dividend Equity ETF
SCHD
$104B
| $49.3M | 0.11% |
2,831,418
+162,378
| +6% | +$2.73M |
|
171
State Street SPDR Bloomberg International Treasury Bond ETF
BWX
$1.31B
| $48.8M | 0.11% |
1,751,441
-24,604
| -1% | -$683K |
|
172
iShares Biotechnology ETF
IBB
$9.47B
| $48.6M | 0.11% |
434,834
-31,356
| -7% | -$3.44M |
|
173
Walmart Inc
WMT
$905B
| $48.1M | 0.11% |
1,478,685
+89,427
| +6% | +$2.9M |
|
174
McDonald's
MCD
$195B
| $47.4M | 0.11% |
249,639
+7,118
| +3% | +$1.29M |
|
175
WisdomTree US Total Dividend Fund
DTD
$1.66B
| $46.6M | 0.11% |
985,186
+28,672
| +3% | +$1.31M |
|
Similar funds
LPL Financial's Q1 2019 Portfolio in Review
As of Q1 2019, LPL Financial held 3,299 positions worth $44B, up 17% from $37.6B the previous quarter. Its ten largest holdings account for 24% of the portfolio.
LPL Financial deployed $2.2B of net new capital in Q1 2019, opening 230 new positions and adding to 1,809 existing holdings. Its largest new stake was Franklin US Large Cap Multifactor Index ETF: 162,551 shares worth $5.11M.
By sector, the portfolio is most concentrated in Technology at 3.5% of assets, up from 3.1% a quarter earlier, followed by Financials and Healthcare.
On the sell side, the largest reduction was VictoryShares US EQ Income Enhanced Volatility Wtd ETF, an estimated $82.3M trimmed.
- LPL Financial's largest Q1 2019 buy was Franklin US Large Cap Multifactor Index ETF: 162,551 shares worth $5.11M.
- LPL Financial added most to Vanguard Total Bond Market in Q1 2019, an estimated $248M increase.
- LPL Financial's biggest Q1 2019 reduction was VictoryShares US EQ Income Enhanced Volatility Wtd ETF, cutting an estimated $82.3M.
- LPL Financial fully exited Invesco Russell 2000 Equal Weight ETF in Q1 2019, selling an estimated $6.56M.
- LPL Financial's ten largest holdings make up 24% of its $44B portfolio in Q1 2019.
- LPL Financial opened 230 new positions and closed 117 in Q1 2019.
- LPL Financial's portfolio value rose 17% quarter-over-quarter to $44B.
Based on LPL Financial's 13F filing for Q1 2019, filed 8 May 2019.