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 | |
|---|---|---|---|---|---|---|
2051
Fidelity MSCI Consumer Staples Index ETF
FSTA
$1.42B
| $607K | ﹤0.01% |
17,932
+4,518
| +34% | +$146K |
|
2052
NiSource
NI
$21.3B
| $607K | ﹤0.01% |
21,180
-1,586
| -7% | -$42.8K |
|
|
PML
2053
PIMCO Municipal Income Fund II
PML
$485M
| $607K | ﹤0.01% |
42,704
-18,847
| -31% | -$261K |
|
2054
Cohen & Steers Quality Income Realty Fund
RQI
$1.7B
| $606K | ﹤0.01% |
47,381
-74,763
| -61% | -$894K |
|
2055
Western Midstream Partners
WES
$19.2B
| $606K | ﹤0.01% |
+19,315
| New | +$613K |
|
2056
Invesco Dorsey Wright Energy Momentum ETF
PXI
$60.7M
| $604K | ﹤0.01% |
18,778
+4,204
| +29% | +$134K |
|
2057
iShares MSCI BIC ETF
BKF
$78.1M
| $603K | ﹤0.01% |
13,991
+1,538
| +12% | +$63.6K |
|
2058
Invesco WilderHill Clean Energy ETF
PBW
$407M
| $603K | ﹤0.01% |
22,527
+9,628
| +75% | +$248K |
|
|
MIN
2059
Aberdeen Intermediate Income Fund
MIN
$274M
| $602K | ﹤0.01% |
158,360
-9,730
| -6% | -$36.3K |
|
2060
Chemours
CC
$2.5B
| $601K | ﹤0.01% |
16,167
+665
| +4% | +$24.2K |
|
2061
CoreCivic
CXW
$2.96B
| $601K | ﹤0.01% |
30,875
+9,194
| +42% | +$181K |
|
2062
Tidewater
TDW
$3.73B
| $601K | ﹤0.01% |
25,900
-1,066
| -4% | -$23.9K |
|
2063
Voya Financial
VOYA
$9.01B
| $601K | ﹤0.01% |
12,020
-3,554
| -23% | -$169K |
|
|
DMO
2064
Western Asset Mortgage Opportunity Fund
DMO
$118M
| $600K | ﹤0.01% |
28,899
+17,983
| +165% | +$375K |
|
2065
iShares MSCI Singapore ETF
EWS
$1.04B
| $600K | ﹤0.01% |
25,299
-29,231
| -54% | -$686K |
|
|
CCD
2066
Calamos Dynamic Convertible & Income Fund
CCD
$707M
| $599K | ﹤0.01% |
29,428
-2,102
| -7% | -$40.4K |
|
2067
iShares MSCI Peru and Global Exposure ETF
EPU
$537M
| $599K | ﹤0.01% |
15,245
-7,428
| -33% | -$281K |
|
2068
Huntsman Corp
HUN
$1.71B
| $599K | ﹤0.01% |
26,654
+5,436
| +26% | +$122K |
|
2069
Tapestry
TPR
$30.8B
| $599K | ﹤0.01% |
18,424
-13,888
| -43% | -$487K |
|
2070
Clarus
CLAR
$123M
| $598K | ﹤0.01% |
46,878
-271
| -0.6% | -$3.05K |
|
2071
ON Semiconductor
ON
$31.8B
| $598K | ﹤0.01% |
29,090
+3,267
| +13% | +$67.4K |
|
|
SYNH
2072
DELISTED
Syneos Health, Inc. Class A Common Stock
SYNH
| $598K | ﹤0.01% |
11,557
+1,795
| +18% | +$87K |
|
|
SCIU
2073
DELISTED
Global X Scientific Beta US ETF
SCIU
| $597K | ﹤0.01% |
18,831
+142
| +0.8% | +$4.32K |
|
2074
iShares Low Carbon Optimized MSCI ACWI ETF
CRBN
$1.15B
| $596K | ﹤0.01% |
5,115
-3,256
| -39% | -$366K |
|
2075
Ovintiv
OVV
$17.3B
| $595K | ﹤0.01% |
16,429
+929
| +6% | +$31.9K |
|
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.