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 | |
|---|---|---|---|---|---|---|
1851
Cboe Global Markets
CBOE
$31B
| $761K | ﹤0.01% |
7,971
+528
| +7% | +$50.1K |
|
1852
H&R Block
HRB
$5.61B
| $761K | ﹤0.01% |
31,807
+584
| +2% | +$14.4K |
|
1853
Hilton Worldwide
HLT
$72.5B
| $760K | ﹤0.01% |
9,139
+2,282
| +33% | +$179K |
|
1854
VanEck Merk Gold Trust
OUNZ
$2.55B
| $759K | ﹤0.01% |
59,938
+2,045
| +4% | +$26.2K |
|
|
ZTR
1855
Virtus Total Return Fund
ZTR
$342M
| $759K | ﹤0.01% |
70,867
-9,026
| -11% | -$92.3K |
|
1856
Commerce Bancshares
CBSH
$8.55B
| $757K | ﹤0.01% |
18,357
-1,565
| -8% | -$67K |
|
|
MMT
1857
Aberdeen Multi-Market Income Fund
MMT
$237M
| $757K | ﹤0.01% |
133,324
+7,625
| +6% | +$42.3K |
|
1858
State Street SPDR MSCI Emerging Markets StrategicFactors ETF
QEMM
$54M
| $757K | ﹤0.01% |
12,805
+6,608
| +107% | +$384K |
|
|
CHK.PRD
1859
DELISTED
Chesapeake Energy Corp. 4.5% Cum. Cnvrtbl. Prfrd. Stock
CHK.PRD
| $756K | ﹤0.01% |
13,611
| – | – |
|
1860
iShares Emerging Markets Equity Factor ETF
EMGF
$1.8B
| $755K | ﹤0.01% |
17,651
+11,214
| +174% | +$471K |
|
1861
Texas Pacific Land
TPL
$27.2B
| $755K | ﹤0.01% |
8,784
+1,467
| +20% | +$115K |
|
1862
iShares Asia 50 ETF
AIA
$4.53B
| $754K | ﹤0.01% |
12,335
-3,192
| -21% | -$190K |
|
|
AIV
1863
Aimco
AIV
$383M
| $753K | ﹤0.01% |
112,339
+13,782
| +14% | +$88.9K |
|
1864
Parker-Hannifin
PH
$121B
| $753K | ﹤0.01% |
4,386
+333
| +8% | +$55.2K |
|
1865
Encompass Health
EHC
$11B
| $749K | ﹤0.01% |
16,115
-5,109
| -24% | -$259K |
|
1866
WaFd
WAFD
$2.69B
| $748K | ﹤0.01% |
25,903
+1,460
| +6% | +$42.9K |
|
1867
Invesco Fundamental Investment Grade Corporate Bond ETF
PFIG
$115M
| $747K | ﹤0.01% |
29,454
-1,412
| -5% | -$35.3K |
|
1868
Invesco CurrencyShares Canadian Dollar Trust
FXC
$73.2M
| $745K | ﹤0.01% |
10,093
-928
| -8% | -$68.9K |
|
1869
Tortoise North American Pipeline ETF
TPYP
$872M
| $745K | ﹤0.01% |
31,214
+10,736
| +52% | +$246K |
|
|
IPFF
1870
DELISTED
iShares International Preferred Stock ETF
IPFF
| $744K | ﹤0.01% |
48,116
-18,518
| -28% | -$290K |
|
1871
Box
BOX
$4.31B
| $743K | ﹤0.01% |
38,458
+1,236
| +3% | +$25.6K |
|
1872
EQT Corp
EQT
$33B
| $743K | ﹤0.01% |
35,837
+3,888
| +12% | +$76K |
|
|
CADE
1873
DELISTED
Cadence Bank
CADE
| $741K | ﹤0.01% |
26,248
-8,465
| -24% | -$251K |
|
1874
Lindblad Expeditions
LIND
$1.95B
| $740K | ﹤0.01% |
48,500
-2,261
| -4% | -$30.7K |
|
1875
Sprott Gold Miners ETF
SGDM
$563M
| $740K | ﹤0.01% |
39,087
+39
| +0.1% | +$731 |
|
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.