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 | |
|---|---|---|---|---|---|---|
1751
VanEck Pharmaceutical ETF
PPH
$970M
| $864K | ﹤0.01% |
14,234
-768
| -5% | -$45.4K |
|
1752
WPP
WPP
$4.41B
| $864K | ﹤0.01% |
16,368
+3,521
| +27% | +$196K |
|
1753
Kimco Realty
KIM
$17.2B
| $863K | ﹤0.01% |
46,656
-13,771
| -23% | -$236K |
|
1754
iShares International Equity Factor ETF
INTF
$3.65B
| $862K | ﹤0.01% |
32,748
+3,848
| +13% | +$99K |
|
1755
Davis Select International ETF
DINT
$290M
| $861K | ﹤0.01% |
48,058
-4,278
| -8% | -$73K |
|
1756
Invesco Food & Beverage ETF
PBJ
$110M
| $861K | ﹤0.01% |
25,910
-2,940
| -10% | -$93.7K |
|
1757
Supernus Pharmaceuticals
SUPN
$2.65B
| $860K | ﹤0.01% |
24,544
-2,850
| -10% | -$106K |
|
|
WBC
1758
DELISTED
WABCO HOLDINGS INC.
WBC
| $860K | ﹤0.01% |
6,519
-1,247
| -16% | -$154K |
|
1759
Hartford Multifactor Small Cap ETF
ROSC
$61.7M
| $859K | ﹤0.01% |
29,130
+11,056
| +61% | +$324K |
|
1760
Franklin Short Duration US Government ETF
FTSD
$300M
| $858K | ﹤0.01% |
9,089
+341
| +4% | +$32.2K |
|
1761
Helmerich & Payne
HP
$3.37B
| $858K | ﹤0.01% |
15,449
+1,748
| +13% | +$95.2K |
|
1762
Live Nation Entertainment
LYV
$42.7B
| $857K | ﹤0.01% |
13,486
+3,526
| +35% | +$200K |
|
1763
Howmet Aerospace
HWM
$111B
| $854K | ﹤0.01% |
58,281
+16,101
| +38% | +$231K |
|
1764
Dropbox
DBX
$7.49B
| $853K | ﹤0.01% |
39,135
-6,369
| -14% | -$148K |
|
|
WRK
1765
DELISTED
WestRock Company
WRK
| $853K | ﹤0.01% |
22,251
-1,296
| -6% | -$50.7K |
|
|
JWN
1766
DELISTED
Nordstrom
JWN
| $852K | ﹤0.01% |
19,203
+3,642
| +23% | +$166K |
|
1767
CareTrust REIT
CTRE
$9.84B
| $851K | ﹤0.01% |
+36,275
| New | +$795K |
|
1768
Ormat Technologies
ORA
$5.94B
| $851K | ﹤0.01% |
15,425
+118
| +0.8% | +$6.54K |
|
|
CVGW
1769
DELISTED
Calavo Growers
CVGW
| $849K | ﹤0.01% |
10,120
+729
| +8% | +$59.2K |
|
|
NUM
1770
DELISTED
Nuveen Michigan Quality Municipal Income Fund
NUM
| $846K | ﹤0.01% |
63,887
-2,998
| -4% | -$38.8K |
|
|
OCSI
1771
DELISTED
Oaktree Strategic Income Corporation
OCSI
| $845K | ﹤0.01% |
104,369
-2,054
| -2% | -$17.1K |
|
1772
Hawaiian Electric Industries
HE
$2.28B
| $844K | ﹤0.01% |
20,699
+83
| +0.4% | +$3.15K |
|
1773
Invesco Global Water ETF
PIO
$273M
| $844K | ﹤0.01% |
31,393
+2,714
| +9% | +$69.3K |
|
1774
Smith & Nephew
SNN
$13.6B
| $842K | ﹤0.01% |
20,985
+2,360
| +13% | +$90.7K |
|
1775
Invesco DB Agriculture Fund
DBA
$1.23B
| $840K | ﹤0.01% |
51,013
-55
| -0.1% | -$925 |
|
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.