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 |
Vanguard Total Bond Market
BND
|
+$248M |
| 2 |
iShares Core MSCI EAFE ETF
IEFA
|
+$157M |
| 3 |
iShares Core MSCI Emerging Markets ETF
IEMG
|
+$130M |
| 4 |
iShares Core US Aggregate Bond ETF
AGG
|
+$105M |
| 5 |
iShares MSCI USA Min Vol Factor ETF
USMV
|
+$103M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
VictoryShares US EQ Income Enhanced Volatility Wtd ETF
CDC
|
+$82.3M |
| 2 |
iShares Core S&P 500 ETF
IVV
|
+$82.1M |
| 3 |
iShares Core S&P Small-Cap ETF
IJR
|
+$38.4M |
| 4 |
iShares Core S&P Mid-Cap ETF
IJH
|
+$35.9M |
| 5 |
iShares S&P 500 Growth ETF
IVW
|
+$35.7M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 3.49% |
| 2 | Financials | 2.7% |
| 3 | Healthcare | 2.33% |
| 4 | Industrials | 2.12% |
| 5 | Communication Services | 2.08% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
1976
California Water Service
CWT
$2.99B
| $663K | ﹤0.01% |
12,214
+5,519
| +82% | +$278K |
|
1977
Cirrus Logic
CRUS
$6.53B
| $660K | ﹤0.01% |
15,678
-2,396
| -13% | -$92.4K |
|
1978
NovoCure
NVCR
$1.74B
| $660K | ﹤0.01% |
13,696
-87
| -0.6% | -$4.19K |
|
1979
First Trust China AlphaDEX Fund
FCA
$32.7M
| $659K | ﹤0.01% |
24,192
+10,191
| +73% | +$267K |
|
|
QTNT
1980
DELISTED
Quotient Limited Ordinary Shares
QTNT
| $659K | ﹤0.01% |
1,830
+330
| +22% | +$116K |
|
|
PMF
1981
DELISTED
PIMCO Municipal Income Fund
PMF
| $655K | ﹤0.01% |
46,397
+10,920
| +31% | +$148K |
|
1982
Invesco CurrencyShares Swiss Franc Trust
FXF
$415M
| $654K | ﹤0.01% |
6,999
-372
| -5% | -$34.8K |
|
1983
US Commodity Index
USCI
$369M
| $654K | ﹤0.01% |
16,876
-858
| -5% | -$33.2K |
|
|
CNCR
1984
DELISTED
ETF Series Solutions Trust Range Cancer Therapeutics ETF
CNCR
| $652K | ﹤0.01% |
31,031
-35,796
| -54% | -$751K |
|
1985
Ryder
R
$9.91B
| $652K | ﹤0.01% |
+10,516
| New | +$615K |
|
1986
iShares MSCI Intl Quality Factor ETF
IQLT
$13.9B
| $651K | ﹤0.01% |
22,310
+4,785
| +27% | +$134K |
|
1987
ONE Gas
OGS
$4.86B
| $651K | ﹤0.01% |
7,316
+628
| +9% | +$52.8K |
|
1988
Southern Copper
SCCO
$144B
| $651K | ﹤0.01% |
17,700
+1,184
| +7% | +$37.8K |
|
1989
TRI-Continental Corp
TY
$1.86B
| $651K | ﹤0.01% |
24,769
+7,251
| +41% | +$186K |
|
|
LTHM
1990
DELISTED
Livent Corporation
LTHM
| $651K | ﹤0.01% |
+52,998
| New | +$691K |
|
1991
Axalta
AXTA
$7.68B
| $649K | ﹤0.01% |
25,724
+5,161
| +25% | +$133K |
|
1992
United States Natural Gas Fund
UNG
$457M
| $649K | ﹤0.01% |
6,915
-1,127
| -14% | -$113K |
|
1993
International Flavors & Fragrances
IFF
$20.2B
| $648K | ﹤0.01% |
5,027
+612
| +14% | +$81.1K |
|
1994
Lazard
LAZ
$4.13B
| $648K | ﹤0.01% |
17,920
-995
| -5% | -$37.4K |
|
|
KTF
1995
DWS Municipal Income Trust
KTF
$347M
| $647K | ﹤0.01% |
58,708
-9,054
| -13% | -$98.1K |
|
|
NVTA
1996
DELISTED
Invitae Corporation
NVTA
| $646K | ﹤0.01% |
27,580
-1,064
| -4% | -$18.8K |
|
1997
Fortive
FTV
$17.9B
| $644K | ﹤0.01% |
12,176
-326
| -3% | -$15.9K |
|
1998
CDW
CDW
$18.9B
| $643K | ﹤0.01% |
6,670
-1,273
| -16% | -$114K |
|
|
ETG
1999
Eaton Vance Tax-Advantaged Global Dividend Income Fund
ETG
$1.81B
| $643K | ﹤0.01% |
41,356
-7,568
| -15% | -$114K |
|
2000
Gen Digital
GEN
$16.4B
| $642K | ﹤0.01% |
27,912
+5,105
| +22% | +$111K |
|
Similar funds
LPL Financial's Q1 2019 Portfolio in Review
As of Q1 2019, LPL Financial held 3,299 positions worth $44B, up 17% from $37.6B the previous quarter. Its ten largest holdings account for 24% of the portfolio.
LPL Financial deployed $2.2B of net new capital in Q1 2019, opening 230 new positions and adding to 1,809 existing holdings. Its largest new stake was Franklin US Large Cap Multifactor Index ETF: 162,551 shares worth $5.11M.
By sector, the portfolio is most concentrated in Technology at 3.5% of assets, up from 3.1% a quarter earlier, followed by Financials and Healthcare.
On the sell side, the largest reduction was VictoryShares US EQ Income Enhanced Volatility Wtd ETF, an estimated $82.3M trimmed.
- LPL Financial's largest Q1 2019 buy was Franklin US Large Cap Multifactor Index ETF: 162,551 shares worth $5.11M.
- LPL Financial added most to Vanguard Total Bond Market in Q1 2019, an estimated $248M increase.
- LPL Financial's biggest Q1 2019 reduction was VictoryShares US EQ Income Enhanced Volatility Wtd ETF, cutting an estimated $82.3M.
- LPL Financial fully exited Invesco Russell 2000 Equal Weight ETF in Q1 2019, selling an estimated $6.56M.
- LPL Financial's ten largest holdings make up 24% of its $44B portfolio in Q1 2019.
- LPL Financial opened 230 new positions and closed 117 in Q1 2019.
- LPL Financial's portfolio value rose 17% quarter-over-quarter to $44B.
Based on LPL Financial's 13F filing for Q1 2019, filed 8 May 2019.