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 Morningstar 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 | |
|---|---|---|---|---|---|---|
1926
APA Corp
APA
$12.8B
| $583K | ﹤0.01% |
22,219
-226
| -1% | -$8.34K |
|
1927
Nuveen California Municipal Value Fund
NCA
$299M
| $583K | ﹤0.01% |
64,111
+21,900
| +52% | +$200K |
|
|
LVHE
1928
DELISTED
Legg Mason Emerging Markets Low Volatility High Dividend ETF
LVHE
| $582K | ﹤0.01% |
22,591
-496
| -2% | -$13.2K |
|
1929
Atlassian
TEAM
$24.9B
| $581K | ﹤0.01% |
6,527
-1,822
| -22% | -$144K |
|
|
FLIR
1930
DELISTED
FLIR Systems, Inc. (DE) Common Stock
FLIR
| $580K | ﹤0.01% |
13,328
-12,331
| -48% | -$606K |
|
1931
United States Brent Oil Fund
BNO
$770M
| $579K | ﹤0.01% |
37,794
+1,956
| +5% | +$38K |
|
1932
Pinnacle West Capital
PNW
$12.3B
| $579K | ﹤0.01% |
6,790
+958
| +16% | +$82.5K |
|
1933
Telkom Indonesia
TLK
$14.4B
| $578K | ﹤0.01% |
22,055
-1,439
| -6% | -$36.6K |
|
1934
NiSource
NI
$21.6B
| $577K | ﹤0.01% |
22,766
+518
| +2% | +$13.4K |
|
1935
Open Text
OTEX
$6.15B
| $577K | ﹤0.01% |
17,695
-159
| -0.9% | -$5.37K |
|
|
AIV
1936
Aimco
AIV
$383M
| $576K | ﹤0.01% |
+98,557
| New | +$586K |
|
1937
Penske Automotive Group
PAG
$14.5B
| $576K | ﹤0.01% |
14,286
-4,364
| -23% | -$189K |
|
1938
Avista
AVA
$3.39B
| $575K | ﹤0.01% |
13,534
+3,666
| +37% | +$182K |
|
1939
NetEase
NTES
$84.4B
| $575K | ﹤0.01% |
12,205
+1,660
| +16% | +$74.9K |
|
1940
Tanger
SKT
$4.71B
| $575K | ﹤0.01% |
28,413
-14,691
| -34% | -$330K |
|
|
CHK.PRD
1941
DELISTED
Chesapeake Energy Corp. 4.5% Cum. Cnvrtbl. Prfrd. Stock
CHK.PRD
| $574K | ﹤0.01% |
13,611
-235
| -2% | -$12.2K |
|
1942
Hartford Financial Services
HIG
$39.2B
| $572K | ﹤0.01% |
12,860
-2,037
| -14% | -$91.6K |
|
1943
iShares iBonds Dec 2027 Term Corporate ETF
IBDS
$3.84B
| $570K | ﹤0.01% |
+24,379
| New | +$566K |
|
|
GAP
1944
The Gap Inc
GAP
$7.34B
| $570K | ﹤0.01% |
22,125
+984
| +5% | +$26.3K |
|
1945
Inspire 100 ETF
BIBL
$481M
| $569K | ﹤0.01% |
23,898
+10,695
| +81% | +$273K |
|
|
IBDD
1946
DELISTED
iShares iBonds Mar 2023 Term Corporate ETF
IBDD
| $568K | ﹤0.01% |
22,178
-3,912
| -15% | -$99.8K |
|
|
IBCE
1947
DELISTED
iShares iBonds Mar 2023 Term Corporate ex-Financials ETF
IBCE
| $567K | ﹤0.01% |
24,080
+35
| +0.1% | +$820 |
|
1948
Nuveen ESG Emerging Markets Equity ETF
NUEM
$368M
| $565K | ﹤0.01% |
23,687
+8,507
| +56% | +$209K |
|
1949
America Movil
AMX
$76B
| $563K | ﹤0.01% |
39,526
-387
| -1% | -$5.56K |
|
1950
Mattel
MAT
$4.42B
| $563K | ﹤0.01% |
56,398
-13,517
| -19% | -$179K |
|
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.