In this study, we empirically investigate the effect of bid ask spread, market value, risk of return and dividend payout ratio to holding period. Our data consist of firms listed in LQ-45 Index period 2011. Using multivariate regression analysis, the result shows that between the research variable bid ask spread, market value, risk of return and dividend payout ratio, there are variables risk of return and dividend payout ratio that have correlation to holding periode and it’s appropriate with previous research. The research conclude investor has to see the value risk of return and dividend payout ratio, because that two variables show the level of risk for investor in the future and income that investor can get in the future.