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 | |
|---|---|---|---|---|---|---|
1926
Southwest Gas
SWX
$6.55B
| $701K | ﹤0.01% |
8,526
+473
| +6% | +$37.8K |
|
|
ULTI
1927
DELISTED
Ultimate Software Group Inc
ULTI
| $700K | ﹤0.01% |
2,121
-336
| -14% | -$103K |
|
1928
Vale
VALE
$63.6B
| $699K | ﹤0.01% |
53,553
-9,793
| -15% | -$127K |
|
1929
Glacier Bancorp
GBCI
$6.39B
| $697K | ﹤0.01% |
17,384
-175
| -1% | -$7.35K |
|
1930
Kinsale Capital Group
KNSL
$8.12B
| $697K | ﹤0.01% |
10,179
+69
| +0.7% | +$4.31K |
|
1931
Owens Corning
OC
$11.2B
| $697K | ﹤0.01% |
14,785
+8,181
| +124% | +$400K |
|
1932
Cemex
CX
$17.1B
| $695K | ﹤0.01% |
149,738
+43,626
| +41% | +$218K |
|
1933
iRadimed
IRMD
$1.21B
| $695K | ﹤0.01% |
+24,726
| New | +$647K |
|
1934
Qorvo
QRVO
$7.93B
| $695K | ﹤0.01% |
9,684
-15,428
| -61% | -$1.02M |
|
1935
Harley-Davidson
HOG
$2.58B
| $694K | ﹤0.01% |
19,458
+496
| +3% | +$18.1K |
|
1936
PBF Energy
PBF
$8.33B
| $694K | ﹤0.01% |
22,290
-2,368
| -10% | -$79.6K |
|
1937
Global X MSCI SuperDividend Emerging Markets ETF
SDEM
$45M
| $692K | ﹤0.01% |
16,373
+3,991
| +32% | +$167K |
|
1938
McCormick & Company Voting
MKC.V
$13.8B
| $691K | ﹤0.01% |
9,240
-360
| -4% | -$24.2K |
|
1939
Pool Corp
POOL
$6.79B
| $691K | ﹤0.01% |
4,190
-118
| -3% | -$18.3K |
|
1940
Brixmor Property Group
BRX
$9.64B
| $690K | ﹤0.01% |
37,537
-6,590
| -15% | -$112K |
|
1941
CNX Resources
CNX
$4.96B
| $690K | ﹤0.01% |
64,086
+788
| +1% | +$8.89K |
|
|
EVN
1942
Eaton Vance Municipal Income Trust
EVN
$415M
| $685K | ﹤0.01% |
56,160
+10,778
| +24% | +$126K |
|
|
SPR
1943
DELISTED
Spirit AeroSystems
SPR
| $685K | ﹤0.01% |
7,482
-2,105
| -22% | -$186K |
|
1944
First Interstate BancSystem
FIBK
$3.71B
| $684K | ﹤0.01% |
17,187
-3,554
| -17% | -$142K |
|
1945
Sunoco
SUN
$14.3B
| $684K | ﹤0.01% |
21,945
+2,841
| +15% | +$84.6K |
|
1946
Nuveen Municipal High Income Opportunity Fund
NMZ
$2.18B
| $683K | ﹤0.01% |
50,480
+7,607
| +18% | +$96.8K |
|
|
PNNT
1947
Pennant Park Investment Corp
PNNT
$215M
| $683K | ﹤0.01% |
98,816
+6,599
| +7% | +$46.4K |
|
|
PKO
1948
DELISTED
Pimco Income Opportunity Fund
PKO
| $682K | ﹤0.01% |
25,607
+11,601
| +83% | +$303K |
|
1949
Lennar Class A
LEN
$19.9B
| $681K | ﹤0.01% |
14,329
+595
| +4% | +$26.9K |
|
1950
American Eagle Outfitters
AEO
$2.86B
| $680K | ﹤0.01% |
30,656
-1,927
| -6% | -$39.6K |
|
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.