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 | |
|---|---|---|---|---|---|---|
1976
Vistra
VST
$48.2B
| $644K | ﹤0.01% |
27,215
+2,055
| +8% | +$47.2K |
|
1977
Owens Corning
OC
$11B
| $643K | ﹤0.01% |
10,149
-8,145
| -45% | -$562K |
|
|
CTR
1978
DELISTED
ClearBridge MLP and Midstream Total Return Fund Inc.
CTR
| $643K | ﹤0.01% |
11,504
+122
| +1% | +$6.68K |
|
1979
State Street SPDR MSCI Emerging Markets Fossil Fuel Reserves Free ETF
EEMX
$164M
| $641K | ﹤0.01% |
20,132
+8,784
| +77% | +$299K |
|
1980
International Flavors & Fragrances
IFF
$20.3B
| $641K | ﹤0.01% |
5,174
+1,480
| +40% | +$193K |
|
|
WSR
1981
DELISTED
Whitestone REIT
WSR
| $641K | ﹤0.01% |
51,402
+4,130
| +9% | +$47.6K |
|
|
HCRF
1982
DELISTED
iShares Edge MSCI Multifactor Healthcare ETF
HCRF
| $637K | ﹤0.01% |
19,248
+5,270
| +38% | +$171K |
|
1983
CDW
CDW
$18.9B
| $633K | ﹤0.01% |
7,839
-20
| -0.3% | -$1.55K |
|
|
UNIT
1984
Uniti Group
UNIT
$2.52B
| $633K | ﹤0.01% |
31,614
-2,352
| -7% | -$45.8K |
|
|
TXNM
1985
TXNM Energy Inc
TXNM
$6.39B
| $633K | ﹤0.01% |
16,262
+538
| +3% | +$20.6K |
|
1986
Cohen & Steers Infrastructure Fund
UTF
$3.09B
| $630K | ﹤0.01% |
27,743
-6,937
| -20% | -$153K |
|
1987
VanEck Vietnam ETF
VNM
$478M
| $630K | ﹤0.01% |
39,433
-3,952
| -9% | -$70.2K |
|
1988
Franklin Resources
BEN
$16.8B
| $629K | ﹤0.01% |
19,616
-14,230
| -42% | -$477K |
|
|
CADE
1989
DELISTED
Cadence Bancorporation
CADE
| $629K | ﹤0.01% |
21,785
+3,543
| +19% | +$103K |
|
1990
Pembina Pipeline
PBA
$29.3B
| $628K | ﹤0.01% |
18,138
+604
| +3% | +$20.2K |
|
1991
NovaGold Resources
NG
$2.54B
| $627K | ﹤0.01% |
140,944
-34,409
| -20% | -$161K |
|
1992
Axogen
AXGN
$2.2B
| $626K | ﹤0.01% |
12,459
+707
| +6% | +$31.2K |
|
1993
Lennox International
LII
$15B
| $626K | ﹤0.01% |
3,127
+506
| +19% | +$102K |
|
1994
Open Text
OTEX
$6.28B
| $626K | ﹤0.01% |
17,803
+139
| +0.8% | +$4.88K |
|
1995
Baker Hughes
BKR
$58.3B
| $625K | ﹤0.01% |
18,923
-1,967
| -9% | -$66.8K |
|
1996
Medifast
MED
$107M
| $624K | ﹤0.01% |
+3,897
| New | +$498K |
|
1997
BlackRock MuniHoldings Fund
MHD
$602M
| $624K | ﹤0.01% |
39,946
-3,581
| -8% | -$54.6K |
|
1998
Peoples Bancorp of North Carolina
PEBK
$231M
| $624K | ﹤0.01% |
19,484
| – | – |
|
|
DSKE
1999
DELISTED
Daseke, Inc. Common Stock
DSKE
| $624K | ﹤0.01% |
62,850
+35,200
| +127% | +$328K |
|
2000
Molson Coors Class B
TAP
$8.02B
| $622K | ﹤0.01% |
9,139
+1,946
| +27% | +$130K |
|
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.