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 US Treasury Bond ETF
GOVT
|
+$111M |
| 2 |
iShares 1-3 Year Treasury Bond ETF
SHY
|
+$105M |
| 3 |
State Street SPDR S&P 500 ETF Trust
SPY
|
+$89.7M |
| 4 |
iShares 0-1 Year Treasury Bond ETF
SHV
|
+$85.9M |
| 5 |
iShares MSCI USA Min Vol Factor ETF
USMV
|
+$60.3M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Vanguard Total Bond Market
BND
|
+$136M |
| 2 |
iShares Core MSCI EAFE ETF
IEFA
|
+$44.3M |
| 3 |
WisdomTree US Total Dividend Fund
DTD
|
+$36.3M |
| 4 |
iShares JPMorgan USD Emerging Markets Bond ETF
EMB
|
+$35.2M |
| 5 |
iShares 20+ Year Treasury Bond ETF
TLT
|
+$33.6M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 3.59% |
| 2 | Financials | 2.78% |
| 3 | Healthcare | 2.32% |
| 4 | Consumer Discretionary | 2.14% |
| 5 | Industrials | 2.13% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
151
Adobe
ADBE
$89.5B
| $58.5M | 0.12% |
198,446
+7,793
| +4% | +$2.16M |
|
152
Vanguard Small-Cap Growth ETF
VBK
$23.2B
| $58.5M | 0.12% |
313,947
-11,961
| -4% | -$2.18M |
|
153
iShares US Medical Devices ETF
IHI
$3.02B
| $58.5M | 0.12% |
1,456,980
-228,660
| -14% | -$8.65M |
|
154
ARK Innovation ETF
ARKK
$5.89B
| $58.1M | 0.12% |
1,210,703
+61,054
| +5% | +$2.78M |
|
155
Merck
MRK
$324B
| $57.8M | 0.12% |
721,988
+15,812
| +2% | +$1.21M |
|
156
Starbucks
SBUX
$118B
| $57.2M | 0.12% |
682,202
+141,964
| +26% | +$11.1M |
|
157
iShares International Select Dividend ETF
IDV
$8.25B
| $56.8M | 0.12% |
1,849,012
+159,361
| +9% | +$4.94M |
|
158
Schwab US Dividend Equity ETF
SCHD
$102B
| $56.6M | 0.12% |
3,202,347
+370,929
| +13% | +$6.52M |
|
|
159
iShares JPMorgan USD Emerging Markets Bond ETF
EMB
$14.9B
| $56.5M | 0.12% |
498,706
-319,688
| -39% | -$35.2M |
|
160
Hartford Multifactor Developed Markets ex-US ETF
RODM
$1.58B
| $56.4M | 0.12% |
2,003,621
+399,197
| +25% | +$11.2M |
|
161
Vanguard FTSE All-World ex-US ETF
VEU
$65.6B
| $56M | 0.12% |
1,099,055
+23,929
| +2% | +$1.21M |
|
162
Goldman Sachs Access Treasury 0-1 Year ETF
GBIL
$7.68B
| $55.9M | 0.12% |
557,256
+38,318
| +7% | +$3.84M |
|
163
State Street SPDR Bloomberg International Treasury Bond ETF
BWX
$1.32B
| $55.2M | 0.12% |
1,907,042
+155,601
| +9% | +$4.36M |
|
164
Vanguard Large-Cap ETF
VV
$51.9B
| $55.1M | 0.12% |
409,322
+7,995
| +2% | +$1.06M |
|
165
iShares National Muni Bond ETF
MUB
$45.1B
| $55M | 0.12% |
486,628
-26,361
| -5% | -$2.95M |
|
166
iShares Russell 2000 Value ETF
IWN
$14.4B
| $55M | 0.12% |
456,345
+7,383
| +2% | +$892K |
|
167
Honeywell
HON
$77.1B
| $54.7M | 0.12% |
332,679
+760
| +0.2% | +$121K |
|
168
First Trust US Equity Opportunities ETF
FPX
$1.51B
| $54.5M | 0.12% |
699,965
+23,717
| +4% | +$1.8M |
|
169
Caterpillar
CAT
$409B
| $54.5M | 0.12% |
399,860
+21,346
| +6% | +$2.82M |
|
170
Vanguard Consumer Staples ETF
VDC
$7.86B
| $54.3M | 0.12% |
364,935
+13,870
| +4% | +$2.04M |
|
171
VictoryShares US 500 Enhanced Volatility Wtd ETF
CFO
$415M
| $53.2M | 0.11% |
1,088,994
-30,503
| -3% | -$1.46M |
|
172
Invesco Preferred ETF
PGX
$3.84B
| $52.7M | 0.11% |
3,605,090
+759,063
| +27% | +$11.1M |
|
173
FS KKR Capital
FSK
$2.98B
| $52.3M | 0.11% |
2,193,013
-87,345
| -4% | -$2.15M |
|
174
iShares 3-7 Year Treasury Bond ETF
IEI
$18.1B
| $51.6M | 0.11% |
410,012
-13,358
| -3% | -$1.65M |
|
|
VPU
175
Vanguard Utilities ETF
VPU
$8.83B
| $51.1M | 0.11% |
384,623
+28,082
| +8% | +$3.67M |
|
Similar funds
LPL Financial's Q2 2019 Portfolio in Review
As of Q2 2019, LPL Financial held 3,409 positions worth $46.9B, up 6.6% from $44B the previous quarter. Its ten largest holdings account for 23% of the portfolio.
LPL Financial deployed $1.68B of net new capital in Q2 2019, opening 226 new positions and adding to 1,714 existing holdings. Its largest new stake was Dow Inc: 187,402 shares worth $9.24M.
By sector, the portfolio is most concentrated in Technology at 3.6% of assets, up from 3.5% a quarter earlier, followed by Financials and Healthcare.
On the sell side, the largest reduction was Vanguard Total Bond Market, an estimated $136M trimmed.
- LPL Financial's largest Q2 2019 buy was Dow Inc: 187,402 shares worth $9.24M.
- LPL Financial added most to iShares US Treasury Bond ETF in Q2 2019, an estimated $111M increase.
- LPL Financial's biggest Q2 2019 reduction was Vanguard Total Bond Market, cutting an estimated $136M.
- LPL Financial fully exited WBI BullBear Global High Income ETF in Q2 2019, selling an estimated $18.5M.
- LPL Financial's ten largest holdings make up 23% of its $46.9B portfolio in Q2 2019.
- LPL Financial opened 226 new positions and closed 134 in Q2 2019.
- LPL Financial's portfolio value rose 6.6% quarter-over-quarter to $46.9B.
Based on LPL Financial's 13F filing for Q2 2019, filed 9 Aug 2019.