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 TIPS Bond ETF
TIP
|
+$209M |
| 2 |
Vanguard Intermediate-Term Corporate Bond ETF
VCIT
|
+$151M |
| 3 |
iShares Core MSCI Emerging Markets ETF
IEMG
|
+$138M |
| 4 |
iShares Russell 2000 ETF
IWM
|
+$133M |
| 5 |
iShares Core S&P Mid-Cap ETF
IJH
|
+$72.2M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
State Street SPDR Bloomberg High Yield Bond ETF
JNK
|
+$136M |
| 2 |
iShares Currency Hedged MSCI EAFE ETF
HEFA
|
+$62.5M |
| 3 |
iShares US Basic Materials ETF
IYM
|
+$39.5M |
| 4 |
State Street SPDR S&P MIDCAP 400 ETF Trust
MDY
|
+$37.4M |
| 5 |
Vanguard Total Stock Market ETF
VTI
|
+$31.1M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 3.13% |
| 2 | Financials | 2.74% |
| 3 | Healthcare | 2.24% |
| 4 | Industrials | 2.19% |
| 5 | Communication Services | 2.09% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
TFCFA
1951
DELISTED
Twenty-First Century Fox, Inc. Class A
TFCFA
| $664K | ﹤0.01% |
13,355
-620
| -4% | -$24.5K |
|
|
EAD
1952
Allspring Income Opportunities Fund
EAD
$371M
| $662K | ﹤0.01% |
82,855
+4,985
| +6% | +$40.1K |
|
|
TEF
1953
DELISTED
Telefonica
TEF
| $661K | ﹤0.01% |
95,928
-11,741
| -11% | -$89.5K |
|
1954
Smith & Nephew
SNN
$13.7B
| $660K | ﹤0.01% |
17,573
+4,816
| +38% | +$179K |
|
1955
State Street SPDR MSCI Emerging Markets StrategicFactors ETF
QEMM
$52.5M
| $658K | ﹤0.01% |
11,088
+2,207
| +25% | +$140K |
|
1956
Allegion
ALLE
$13.5B
| $657K | ﹤0.01% |
8,499
-1,514
| -15% | -$121K |
|
|
BTO
1957
John Hancock Financial Opportunities Fund
BTO
$808M
| $656K | ﹤0.01% |
17,628
-59
| -0.3% | -$2.29K |
|
1958
iShares MSCI Philippines ETF
EPHE
$132M
| $656K | ﹤0.01% |
21,745
+1,157
| +6% | +$37.9K |
|
1959
CVR Energy
CVI
$3.48B
| $655K | ﹤0.01% |
17,716
-15
| -0.1% | -$566 |
|
1960
America Movil
AMX
$74.6B
| $654K | ﹤0.01% |
39,233
-43,904
| -53% | -$760K |
|
1961
Hovnanian Enterprises
HOV
$779M
| $654K | ﹤0.01% |
16,052
+1,112
| +7% | +$52.5K |
|
1962
Lennar Class A
LEN
$20.4B
| $654K | ﹤0.01% |
12,862
-2,132
| -14% | -$112K |
|
1963
Expedia Group
EXPE
$36.5B
| $652K | ﹤0.01% |
5,423
-1,463
| -21% | -$169K |
|
|
ITI
1964
DELISTED
Iteris, Inc.
ITI
| $652K | ﹤0.01% |
+134,800
| New | +$673K |
|
|
CADE
1965
DELISTED
Cadence Bank
CADE
| $650K | ﹤0.01% |
19,738
-17,000
| -46% | -$569K |
|
1966
Invesco FTSE RAFI Developed Markets ex-US Small-Mid ETF
PDN
$347M
| $650K | ﹤0.01% |
19,605
+1,603
| +9% | +$55.2K |
|
1967
Qualys
QLYS
$4.76B
| $649K | ﹤0.01% |
7,703
+4,480
| +139% | +$360K |
|
1968
Brown & Brown
BRO
$25.1B
| $648K | ﹤0.01% |
23,386
+531
| +2% | +$14.5K |
|
1969
Davis Select International ETF
DINT
$284M
| $647K | ﹤0.01% |
+33,672
| New | +$668K |
|
|
SLCA
1970
DELISTED
U.S. SILICA HOLDINGS, INC.
SLCA
| $645K | ﹤0.01% |
25,102
+6,105
| +32% | +$179K |
|
1971
First Trust Dividend Strength ETF
FTDS
$39M
| $644K | ﹤0.01% |
18,850
-1,263
| -6% | -$42.8K |
|
1972
Mercury Insurance
MCY
$6B
| $644K | ﹤0.01% |
14,144
-73
| -0.5% | -$3.44K |
|
1973
NRG Energy
NRG
$26.2B
| $644K | ﹤0.01% |
20,967
-2,316
| -10% | -$74.9K |
|
1974
iShares AAA-A Rated Corporate Bond ETF
QLTA
$1.24B
| $644K | ﹤0.01% |
12,772
+1,484
| +13% | +$75K |
|
1975
VanEck Retail ETF
RTH
$253M
| $644K | ﹤0.01% |
6,426
-177
| -3% | -$17.2K |
|
Similar funds
LPL Financial's Q2 2018 Portfolio in Review
As of Q2 2018, LPL Financial held 3,378 positions worth $38.1B, up 4.9% from $36.3B the previous quarter. Its ten largest holdings account for 24% of the portfolio.
LPL Financial deployed $1.14B of net new capital in Q2 2018, opening 201 new positions and adding to 1,572 existing holdings. Its largest new stake was Invesco S&P 500 Quality ETF: 487,751 shares worth $14.6M.
By sector, the portfolio is most concentrated in Technology at 3.1% of assets, up from 3.1% a quarter earlier, followed by Financials and Healthcare.
On the sell side, the largest reduction was State Street SPDR Bloomberg High Yield Bond ETF, an estimated $136M trimmed.
- LPL Financial's largest Q2 2018 buy was Invesco S&P 500 Quality ETF: 487,751 shares worth $14.6M.
- LPL Financial added most to iShares TIPS Bond ETF in Q2 2018, an estimated $209M increase.
- LPL Financial's biggest Q2 2018 reduction was State Street SPDR Bloomberg High Yield Bond ETF, cutting an estimated $136M.
- LPL Financial fully exited PWSHS S&P 500 HIGH QTY PORTF S&P HIGH QTY RKGS INDEX in Q2 2018, selling an estimated $15.3M.
- LPL Financial's ten largest holdings make up 24% of its $38.1B portfolio in Q2 2018.
- LPL Financial opened 201 new positions and closed 171 in Q2 2018.
- LPL Financial's portfolio value rose 4.9% quarter-over-quarter to $38.1B.
Based on LPL Financial's 13F filing for Q2 2018, filed 14 Aug 2018.