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 US Treasury Bond ETF
GOVT
|
+$111M |
| 2 |
iShares 1-3 Year Treasury Bond ETF
SHY
|
+$105M |
| 3 |
State Street SPDR S&P 500 ETF Trust
SPY
|
+$89.7M |
| 4 |
iShares 0-1 Year Treasury Bond ETF
SHV
|
+$85.9M |
| 5 |
iShares MSCI USA Min Vol Factor ETF
USMV
|
+$60.3M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Vanguard Total Bond Market
BND
|
+$136M |
| 2 |
iShares Core MSCI EAFE ETF
IEFA
|
+$44.3M |
| 3 |
WisdomTree US Total Dividend Fund
DTD
|
+$36.3M |
| 4 |
iShares JPMorgan USD Emerging Markets Bond ETF
EMB
|
+$35.2M |
| 5 |
iShares 20+ Year Treasury Bond ETF
TLT
|
+$33.6M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 3.59% |
| 2 | Financials | 2.78% |
| 3 | Healthcare | 2.32% |
| 4 | Consumer Discretionary | 2.14% |
| 5 | Industrials | 2.13% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
176
Alerian MLP ETF
AMLP
$13B
| $50.8M | 0.11% |
1,031,995
+46,790
| +5% | +$2.31M |
|
177
iShares Gold Trust
IAU
$63B
| $49.6M | 0.11% |
1,835,207
+281,494
| +18% | +$7.06M |
|
178
iShares US Real Estate ETF
IYR
$4.59B
| $48.4M | 0.1% |
554,216
+115,356
| +26% | +$10.1M |
|
179
First Trust Morningstar Dividend Leaders Index Fund
FDL
$7.72B
| $47.6M | 0.1% |
1,552,601
+31,063
| +2% | +$938K |
|
180
Janus Henderson Short Duration Income ETF
VNLA
$3.33B
| $47.4M | 0.1% |
950,162
+66,828
| +8% | +$3.32M |
|
181
Southern Company
SO
$110B
| $47.4M | 0.1% |
857,925
+26,425
| +3% | +$1.41M |
|
182
Philip Morris
PM
$301B
| $47M | 0.1% |
598,657
-10,862
| -2% | -$897K |
|
183
State Street SPDR Portfolio S&P 500 Growth ETF
SPYG
$50.7B
| $46.7M | 0.1% |
1,205,782
-171,044
| -12% | -$6.5M |
|
184
Amgen
AMGN
$203B
| $46.2M | 0.1% |
250,867
+33,695
| +16% | +$6.03M |
|
185
Vanguard Extended Market ETF
VXF
$30.3B
| $45.4M | 0.1% |
382,480
+11,081
| +3% | +$1.29M |
|
186
iShares US Technology ETF
IYW
$23.7B
| $45.3M | 0.1% |
916,268
-24,912
| -3% | -$1.22M |
|
187
iShares MSCI Global Min Vol Factor ETF
ACWV
$3.26B
| $45.3M | 0.1% |
491,707
+32,332
| +7% | +$2.92M |
|
188
Vanguard Total World Stock ETF
VT
$76.3B
| $44.9M | 0.1% |
597,964
+16,603
| +3% | +$1.23M |
|
189
Invesco S&P Ultra Dividend Revenue ETF
RDIV
$1.36B
| $44.9M | 0.1% |
1,192,890
+178,015
| +18% | +$6.7M |
|
190
Duke Energy
DUK
$102B
| $44.6M | 0.1% |
505,014
+328
| +0.1% | +$29K |
|
191
Vanguard Russell 1000 Growth ETF
VONG
$42.5B
| $44.2M | 0.09% |
1,089,196
+39,696
| +4% | +$1.58M |
|
192
Comcast
CMCSA
$79.1B
| $43.9M | 0.09% |
1,038,900
+101,372
| +11% | +$4.28M |
|
193
Invesco S&P 500 Revenue ETF
RWL
$9.51B
| $43.9M | 0.09% |
822,496
-31,775
| -4% | -$1.66M |
|
194
iShares S&P Mid-Cap 400 Value ETF
IJJ
$8.85B
| $43.5M | 0.09% |
545,722
-230,526
| -30% | -$18.3M |
|
195
BP
BP
$113B
| $43.4M | 0.09% |
1,057,204
+14,600
| +1% | +$612K |
|
196
Kimberly-Clark
KMB
$36.4B
| $42.9M | 0.09% |
321,773
+9,180
| +3% | +$1.18M |
|
197
Salesforce
CRM
$134B
| $42.9M | 0.09% |
282,458
+25,509
| +10% | +$4M |
|
198
First Trust Large Cap Growth AlphaDEX Fund
FTC
$1.31B
| $42.5M | 0.09% |
604,413
+42,743
| +8% | +$2.91M |
|
199
iShares Biotechnology ETF
IBB
$9.31B
| $42.3M | 0.09% |
387,672
-47,162
| -11% | -$5.02M |
|
200
United Parcel Service
UPS
$97.6B
| $42.1M | 0.09% |
407,533
+28,778
| +8% | +$2.99M |
|
Similar funds
LPL Financial's Q2 2019 Portfolio in Review
As of Q2 2019, LPL Financial held 3,409 positions worth $46.9B, up 6.6% from $44B the previous quarter. Its ten largest holdings account for 23% of the portfolio.
LPL Financial deployed $1.68B of net new capital in Q2 2019, opening 226 new positions and adding to 1,714 existing holdings. Its largest new stake was Dow Inc: 187,402 shares worth $9.24M.
By sector, the portfolio is most concentrated in Technology at 3.6% of assets, up from 3.5% a quarter earlier, followed by Financials and Healthcare.
On the sell side, the largest reduction was Vanguard Total Bond Market, an estimated $136M trimmed.
- LPL Financial's largest Q2 2019 buy was Dow Inc: 187,402 shares worth $9.24M.
- LPL Financial added most to iShares US Treasury Bond ETF in Q2 2019, an estimated $111M increase.
- LPL Financial's biggest Q2 2019 reduction was Vanguard Total Bond Market, cutting an estimated $136M.
- LPL Financial fully exited WBI BullBear Global High Income ETF in Q2 2019, selling an estimated $18.5M.
- LPL Financial's ten largest holdings make up 23% of its $46.9B portfolio in Q2 2019.
- LPL Financial opened 226 new positions and closed 134 in Q2 2019.
- LPL Financial's portfolio value rose 6.6% quarter-over-quarter to $46.9B.
Based on LPL Financial's 13F filing for Q2 2019, filed 9 Aug 2019.