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 |
State Street SPDR S&P 500 ETF Trust
SPY
|
+$211M |
| 2 |
iShares ESG Aware MSCI USA ETF
ESGU
|
+$132M |
| 3 |
Goldman Sachs ActiveBeta US Large Cap Equity ETF
GSLC
|
+$96.7M |
| 4 |
State Street SPDR Bloomberg 1-3 Month T-Bill ETF
BIL
|
+$96.1M |
| 5 |
Vanguard S&P 500 ETF
VOO
|
+$92.8M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
VictoryShares US Large Cap High Div Volatility Wtd ETF
CDL
|
+$72.7M |
| 2 |
iShares Core US Aggregate Bond ETF
AGG
|
+$65.8M |
| 3 |
iShares 1-3 Year Treasury Bond ETF
SHY
|
+$59.2M |
| 4 |
iShares US Real Estate ETF
IYR
|
+$56.8M |
| 5 |
Invesco FTSE RAFI US 1000 ETF
PRF
|
+$55.7M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 4.59% |
| 2 | Healthcare | 2.61% |
| 3 | Financials | 2.51% |
| 4 | Consumer Discretionary | 2.22% |
| 5 | Communication Services | 2.18% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
176
State Street SPDR Portfolio Short Term Treasury ETF
SPTS
$6.1B
| $47.1M | 0.1% |
1,533,789
+1,446,702
| +1,661% | +$43.8M |
|
177
Vanguard Morningstar Large-Cap ETF
VV
$51.2B
| $46.8M | 0.1% |
395,360
-17,014
| -4% | -$2.39M |
|
178
Duke Energy
DUK
$101B
| $46.6M | 0.1% |
576,103
+25,546
| +5% | +$2.35M |
|
179
VanEck Morningstar Wide Moat ETF
MOAT
$11.8B
| $46.2M | 0.1% |
1,056,847
-316,146
| -23% | -$16.3M |
|
180
iShares International Select Dividend ETF
IDV
$8.31B
| $46M | 0.1% |
2,033,970
+4,255
| +0.2% | +$128K |
|
181
VictoryShares US EQ Income Enhanced Volatility Wtd ETF
CDC
$750M
| $45.6M | 0.1% |
1,102,684
-435,519
| -28% | -$20M |
|
182
iShares MSCI Global Min Vol Factor ETF
ACWV
$3.34B
| $45.5M | 0.1% |
566,707
-34,116
| -6% | -$3.15M |
|
183
Caterpillar
CAT
$361B
| $45.4M | 0.1% |
391,167
-1,112
| -0.3% | -$142K |
|
184
Goldman Sachs Access Treasury 0-1 Year ETF
GBIL
$7.64B
| $44.3M | 0.1% |
439,575
-44,836
| -9% | -$4.5M |
|
185
Philip Morris
PM
$309B
| $44.1M | 0.09% |
603,856
-21,069
| -3% | -$1.73M |
|
186
CVS Health
CVS
$135B
| $43.6M | 0.09% |
735,057
+56,835
| +8% | +$3.79M |
|
187
Honeywell
HON
$76.4B
| $43.5M | 0.09% |
344,838
-21,253
| -6% | -$3.28M |
|
188
Bristol-Myers Squibb
BMY
$129B
| $43.4M | 0.09% |
778,832
+21,657
| +3% | +$1.32M |
|
189
Comcast
CMCSA
$87.3B
| $43.3M | 0.09% |
1,258,354
-15,755
| -1% | -$665K |
|
190
Vanguard Russell 1000 Growth ETF
VONG
$41.2B
| $43.1M | 0.09% |
1,115,052
-13,728
| -1% | -$608K |
|
191
iShares Russell 2000 Growth ETF
IWO
$14.1B
| $42.8M | 0.09% |
270,869
-16,144
| -6% | -$3.21M |
|
192
Vanguard Morningstar Mid-Cap Value ETF
VOE
$23.9B
| $42.6M | 0.09% |
524,017
-25,886
| -5% | -$2.79M |
|
193
Broadcom
AVGO
$1.76T
| $42.6M | 0.09% |
1,794,780
+823,480
| +85% | +$23.2M |
|
194
State Street SPDR Portfolio Long Term Treasury ETF
SPTL
$10.5B
| $42.3M | 0.09% |
896,435
+65,045
| +8% | +$2.78M |
|
195
IBM
IBM
$213B
| $42.3M | 0.09% |
398,458
+53,845
| +16% | +$6.81M |
|
196
Dominion Energy
D
$62.1B
| $41.9M | 0.09% |
580,833
+48,782
| +9% | +$3.98M |
|
197
Gilead Sciences
GILD
$165B
| $41.9M | 0.09% |
560,280
+126,556
| +29% | +$8.74M |
|
198
iShares Russell Mid-Cap Value ETF
IWS
$15.7B
| $41.4M | 0.09% |
645,604
-34,653
| -5% | -$2.96M |
|
199
RTX Corp
RTX
$290B
| $41.3M | 0.09% |
696,217
+189,950
| +38% | +$16.1M |
|
200
Schwab US Large- Cap ETF
SCHX
$70.3B
| $41.3M | 0.09% |
4,044,984
+320,712
| +9% | +$3.9M |
|
Similar funds
LPL Financial's Q1 2020 Portfolio in Review
As of Q1 2020, LPL Financial held 3,530 positions worth $46.4B, down 16% from $55B the previous quarter. Its ten largest holdings account for 22% of the portfolio.
LPL Financial's Q1 2020 filing shows 190 new, 1,571 increased, 1,390 reduced and 328 closed positions. Its largest new stake was WisdomTree US Value Fund: 685,092 shares worth $22.2M. The largest sale was VictoryShares US Large Cap High Div Volatility Wtd ETF, an estimated $72.7M.
By sector, the portfolio is most concentrated in Technology at 4.6% of assets, up from 4.1% a quarter earlier, followed by Healthcare and Financials.
- LPL Financial's largest Q1 2020 buy was WisdomTree US Value Fund: 685,092 shares worth $22.2M.
- LPL Financial added most to State Street SPDR S&P 500 ETF Trust in Q1 2020, an estimated $211M increase.
- LPL Financial's biggest Q1 2020 reduction was VictoryShares US Large Cap High Div Volatility Wtd ETF, cutting an estimated $72.7M.
- LPL Financial fully exited iShares MSCI Italy ETF in Q1 2020, selling an estimated $13.2M.
- LPL Financial's ten largest holdings make up 22% of its $46.4B portfolio in Q1 2020.
- LPL Financial opened 190 new positions and closed 328 in Q1 2020.
- LPL Financial's portfolio value fell 16% quarter-over-quarter to $46.4B.
Based on LPL Financial's 13F filing for Q1 2020, filed 14 May 2020.