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 | |
|---|---|---|---|---|---|---|
201
iShares US Healthcare ETF
IYH
$3.45B
| $39.1M | 0.09% |
1,008,675
-95,320
| -9% | -$3.62M |
|
202
Kimberly-Clark
KMB
$37.6B
| $38.7M | 0.09% |
312,593
+15,524
| +5% | +$1.8M |
|
203
iShares 1-5 Year Investment Grade Corporate Bond ETF
IGSB
$23B
| $38.6M | 0.09% |
731,117
-116,674
| -14% | -$6.09M |
|
204
iShares Gold Trust
IAU
$62.6B
| $38.5M | 0.09% |
1,553,713
+45,382
| +3% | +$1.13M |
|
205
Invesco S&P Ultra Dividend Revenue ETF
RDIV
$1.4B
| $38.5M | 0.09% |
1,014,875
+334,515
| +49% | +$12.3M |
|
206
iShares US Real Estate ETF
IYR
$4.78B
| $38.2M | 0.09% |
438,860
+91,431
| +26% | +$7.56M |
|
207
iShares S&P Small-Cap 600 Value ETF
IJS
$8.2B
| $38.1M | 0.09% |
516,942
+50,650
| +11% | +$3.74M |
|
208
PUT
State Street SPDR S&P 500 ETF Trust
SPY
$784B
| $38.1M | 0.09% |
135,000
+20,600
| +18% | +$5.6M |
|
209
IBM
IBM
$215B
| $37.7M | 0.09% |
279,142
+45,642
| +20% | +$5.82M |
|
210
First Trust Large Cap Growth AlphaDEX Fund
FTC
$1.29B
| $37.6M | 0.09% |
561,670
+39,729
| +8% | +$2.52M |
|
211
VanEck Morningstar Wide Moat ETF
MOAT
$11.9B
| $37.6M | 0.09% |
805,612
+255,429
| +46% | +$11.5M |
|
212
Comcast
CMCSA
$85.7B
| $37.5M | 0.09% |
937,528
+50,372
| +6% | +$1.9M |
|
213
Vanguard Short-Term Treasury ETF
VGSH
$29.3B
| $37.1M | 0.08% |
613,653
+132,599
| +28% | +$7.98M |
|
214
iShares 0-1 Year Treasury Bond ETF
SHV
$20.8B
| $36.9M | 0.08% |
333,825
+122,391
| +58% | +$13.5M |
|
215
FedEx
FDX
$73.8B
| $36.7M | 0.08% |
202,170
+26,519
| +15% | +$4.69M |
|
216
First Trust Large Cap Value AlphaDEX Fund
FTA
$1.41B
| $36M | 0.08% |
697,810
-111,247
| -14% | -$5.63M |
|
|
WBII
217
DELISTED
WBI BullBear Global Income ETF
WBII
| $35.9M | 0.08% |
1,460,130
+520,839
| +55% | +$12.7M |
|
218
First Trust Rising Dividend Achievers ETF
RDVY
$24.7B
| $35.6M | 0.08% |
1,195,026
+233,053
| +24% | +$6.82M |
|
219
John Hancock Multifactor Mid Cap ETF
JHMM
$5.95B
| $35.5M | 0.08% |
1,010,452
+145,570
| +17% | +$4.93M |
|
220
Abbott
ABT
$187B
| $35.3M | 0.08% |
441,538
+26,209
| +6% | +$1.95M |
|
221
WisdomTree Trust WisdomTree US Quality Dividend Growth Fund
DGRW
$16.7B
| $35.3M | 0.08% |
818,794
-77,294
| -9% | -$3.19M |
|
222
iShares MSCI USA Quality Factor ETF
QUAL
$46.3B
| $35.1M | 0.08% |
396,763
-33,901
| -8% | -$2.85M |
|
223
First Trust NASDAQ-100 Technology Index Fund
QTEC
$4.43B
| $34.9M | 0.08% |
424,099
-133,733
| -24% | -$10.3M |
|
224
State Street SPDR Bloomberg Convertible Securities ETF
CWB
$5.51B
| $34.9M | 0.08% |
667,312
-5,580
| -0.8% | -$283K |
|
225
Realty Income
O
$61.5B
| $34.7M | 0.08% |
487,387
+90,958
| +23% | +$6.03M |
|
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.