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 | |
|---|---|---|---|---|---|---|
176
First Trust Financials AlphaDEX Fund
FXO
$1.12B
| $39.1M | 0.1% |
1,246,758
+99,577
| +9% | +$3.14M |
|
177
Merck
MRK
$324B
| $36.9M | 0.1% |
637,725
-155,529
| -20% | -$8.77M |
|
178
Northrop Grumman
NOC
$77B
| $36.7M | 0.1% |
119,364
+3,921
| +3% | +$1.3M |
|
179
Duke Energy
DUK
$102B
| $36.7M | 0.1% |
463,989
+12,580
| +3% | +$968K |
|
180
State Street Utilities Select Sector SPDR ETF
XLU
$24.1B
| $36.7M | 0.1% |
1,410,828
+125,106
| +10% | +$3.15M |
|
181
Invesco S&P 500 Revenue ETF
RWL
$9.51B
| $36.4M | 0.1% |
718,063
+11,793
| +2% | +$600K |
|
182
iShares Gold Trust
IAU
$63B
| $36.4M | 0.1% |
1,514,050
-148,143
| -9% | -$3.71M |
|
183
Starbucks
SBUX
$118B
| $36.4M | 0.1% |
744,659
-16,231
| -2% | -$921K |
|
184
First Trust Dorsey Wright Dynamic Focus 5 ETF
FVC
$104M
| $36.3M | 0.1% |
1,324,301
+75,110
| +6% | +$2.07M |
|
185
Vanguard Financials ETF
VFH
$13.3B
| $36.2M | 0.1% |
536,677
+14,761
| +3% | +$1.03M |
|
186
iShares US Medical Devices ETF
IHI
$3.02B
| $36.1M | 0.09% |
1,080,798
+317,100
| +42% | +$10.3M |
|
187
First Trust Morningstar Dividend Leaders Index Fund
FDL
$7.72B
| $35.9M | 0.09% |
1,256,885
-324,051
| -20% | -$9.23M |
|
188
Invesco S&P 500 Pure Growth ETF
RPG
$2.04B
| $35.4M | 0.09% |
1,540,940
-154,255
| -9% | -$3.5M |
|
189
State Street Consumer Staples Select Sector SPDR ETF
XLP
$14.2B
| $34.6M | 0.09% |
670,759
+71,687
| +12% | +$3.64M |
|
190
WisdomTree US SmallCap Dividend Fund
DES
$2.19B
| $34.5M | 0.09% |
1,164,661
+58,986
| +5% | +$1.7M |
|
191
Mastercard
MA
$477B
| $34.3M | 0.09% |
174,478
-4,535
| -3% | -$853K |
|
192
Amgen
AMGN
$203B
| $34.3M | 0.09% |
185,665
+3,389
| +2% | +$599K |
|
193
Vanguard Russell 1000 Growth ETF
VONG
$42.5B
| $33.9M | 0.09% |
923,592
+19,736
| +2% | +$714K |
|
194
McDonald's
MCD
$188B
| $33.9M | 0.09% |
216,240
-26,809
| -11% | -$4.35M |
|
195
iShares MSCI Singapore ETF
EWS
$1.01B
| $33.8M | 0.09% |
1,408,107
+1,345,880
| +2,163% | +$35.7M |
|
196
DuPont de Nemours
DD
$18.6B
| $33.6M | 0.09% |
201,121
+3,868
| +2% | +$648K |
|
197
United Parcel Service
UPS
$97.6B
| $33.5M | 0.09% |
315,131
-7,363
| -2% | -$827K |
|
198
Pacer Trendpilot US Large Cap ETF
PTLC
$3.24B
| $33.2M | 0.09% |
1,134,745
+101,027
| +10% | +$2.94M |
|
199
WisdomTree Trust WisdomTree US Quality Dividend Growth Fund
DGRW
$16.6B
| $32.9M | 0.09% |
802,332
-148,319
| -16% | -$6.09M |
|
200
State Street SPDR S&P 600 Small Cap Growth ETF
SLYG
$5.02B
| $32.9M | 0.09% |
520,400
+20,032
| +4% | +$1.23M |
|
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.