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 Core S&P 500 ETF
IVV
|
+$166M |
| 2 |
iShares Core S&P Mid-Cap ETF
IJH
|
+$133M |
| 3 |
Vanguard FTSE Developed Markets ETF
VEA
|
+$126M |
| 4 |
iShares Core MSCI Emerging Markets ETF
IEMG
|
+$120M |
| 5 |
iShares Core MSCI EAFE ETF
IEFA
|
+$117M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
iShares Core US Aggregate Bond ETF
AGG
|
+$65.1M |
| 2 |
iShares S&P Small-Cap 600 Growth ETF
IJT
|
+$42.7M |
| 3 |
iShares 7-10 Year Treasury Bond ETF
IEF
|
+$38.3M |
| 4 |
Invesco S&P 500 Equal Weight ETF
RSP
|
+$36.5M |
| 5 |
Vanguard S&P 500 Value ETF
VOOV
|
+$27.8M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 3.1% |
| 2 | Financials | 2.91% |
| 3 | Industrials | 2.38% |
| 4 | Healthcare | 2.26% |
| 5 | Communication Services | 2.04% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
1976
Cohen & Steers Quality Income Realty Fund
RQI
$1.7B
| $609K | ﹤0.01% |
51,417
+17,719
| +53% | +$205K |
|
|
XEC
1977
DELISTED
CIMAREX ENERGY CO
XEC
| $609K | ﹤0.01% |
6,514
+2,813
| +76% | +$300K |
|
|
TYG
1978
Tortoise Energy Infrastructure Corp
TYG
$1.09B
| $608K | ﹤0.01% |
6,086
+706
| +13% | +$81.8K |
|
1979
Valley National Bancorp
VLY
$7.92B
| $608K | ﹤0.01% |
48,785
+19,840
| +69% | +$247K |
|
1980
BlackRock Municipal 2030 Target Term Trust
BTT
$1.43B
| $607K | ﹤0.01% |
28,473
+4,030
| +16% | +$87.1K |
|
1981
Grand Canyon Education
LOPE
$3.98B
| $607K | ﹤0.01% |
5,786
+40
| +0.7% | +$3.86K |
|
1982
Janus Henderson Small Cap Growth Alpha ETF
JSML
$365M
| $604K | ﹤0.01% |
16,408
+2,480
| +18% | +$92.8K |
|
1983
AMC Entertainment Holdings
AMC
$2.47B
| $603K | ﹤0.01% |
4,290
+1,725
| +67% | +$245K |
|
|
EARN
1984
Ellington Residential Mortgage REIT
EARN
$168M
| $602K | ﹤0.01% |
54,897
+19,832
| +57% | +$221K |
|
1985
Virtus Biotech ETF
BBP
$96.5M
| $601K | ﹤0.01% |
14,559
-2,878
| -17% | -$121K |
|
1986
Cemex
CX
$17.2B
| $601K | ﹤0.01% |
90,772
+12,299
| +16% | +$92.1K |
|
|
TXNM
1987
TXNM Energy Inc
TXNM
$6.42B
| $601K | ﹤0.01% |
15,724
-770
| -5% | -$28.2K |
|
1988
Planet Fitness
PLNT
$4.43B
| $600K | ﹤0.01% |
15,878
+584
| +4% | +$20.5K |
|
1989
State Street SPDR S&P Health Care Services ETF
XHS
$208M
| $600K | ﹤0.01% |
9,522
-1,383
| -13% | -$89.1K |
|
1990
Keysight
KEYS
$53.4B
| $599K | ﹤0.01% |
11,433
+5,455
| +91% | +$261K |
|
1991
Peoples Bancorp of North Carolina
PEBK
$229M
| $599K | ﹤0.01% |
19,484
| – | – |
|
|
SIX
1992
DELISTED
Six Flags Entertainment Corp.
SIX
| $599K | ﹤0.01% |
9,623
-2,474
| -20% | -$161K |
|
1993
Schwab Fundamental US Small Company Index ETF
FNDA
$9.13B
| $598K | ﹤0.01% |
32,124
+13,136
| +69% | +$249K |
|
1994
Carter's
CRI
$1.39B
| $597K | ﹤0.01% |
5,734
-7,395
| -56% | -$860K |
|
1995
DexCom
DXCM
$28.8B
| $597K | ﹤0.01% |
32,180
-34,324
| -52% | -$508K |
|
|
JTA
1996
DELISTED
Nuveen Tax-Advantaged Total Return Strategy Fund
JTA
| $596K | ﹤0.01% |
45,786
+25,855
| +130% | +$356K |
|
1997
First Interstate BancSystem
FIBK
$3.74B
| $594K | ﹤0.01% |
15,007
+59
| +0.4% | +$2.41K |
|
1998
National Fuel Gas
NFG
$7.84B
| $594K | ﹤0.01% |
11,554
-4,597
| -28% | -$240K |
|
1999
Hancock Whitney
HWC
$6.14B
| $592K | ﹤0.01% |
11,447
+270
| +2% | +$14.4K |
|
2000
Monro
MNRO
$421M
| $592K | ﹤0.01% |
11,124
+1,907
| +21% | +$106K |
|
Similar funds
LPL Financial's Q1 2018 Portfolio in Review
As of Q1 2018, LPL Financial held 3,320 positions worth $36.3B, up 11% from $32.9B the previous quarter. Its ten largest holdings account for 23% of the portfolio.
LPL Financial deployed $3.99B of net new capital in Q1 2018, opening 302 new positions and adding to 1,901 existing holdings. Its largest new stake was WBI BullBear Global High Income ETF: 1,817,591 shares worth $44.3M.
By sector, the portfolio is most concentrated in Technology at 3.1% of assets, up from 3% a quarter earlier, followed by Financials and Industrials.
On the sell side, the largest reduction was iShares Core US Aggregate Bond ETF, an estimated $65.1M trimmed.
- LPL Financial's largest Q1 2018 buy was WBI BullBear Global High Income ETF: 1,817,591 shares worth $44.3M.
- LPL Financial added most to iShares Core S&P 500 ETF in Q1 2018, an estimated $166M increase.
- LPL Financial's biggest Q1 2018 reduction was iShares Core US Aggregate Bond ETF, cutting an estimated $65.1M.
- LPL Financial fully exited Potash Corp Of Saskatchewan in Q1 2018, selling an estimated $2.09M.
- LPL Financial's ten largest holdings make up 23% of its $36.3B portfolio in Q1 2018.
- LPL Financial opened 302 new positions and closed 144 in Q1 2018.
- LPL Financial's portfolio value rose 11% quarter-over-quarter to $36.3B.
Based on LPL Financial's 13F filing for Q1 2018, filed 15 May 2018.