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 MSCI USA Quality Factor ETF
QUAL
|
+$195M |
| 2 |
Invesco QQQ Trust
QQQ
|
+$96.8M |
| 3 |
iShares US Treasury Bond ETF
GOVT
|
+$89.9M |
| 4 |
First Trust Value Line Dividend Fund
FVD
|
+$89.8M |
| 5 |
Vanguard Total Bond Market
BND
|
+$76.5M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
iShares MSCI USA Momentum Factor ETF
MTUM
|
+$43.7M |
| 2 |
Vanguard Total Stock Market ETF
VTI
|
+$40.7M |
| 3 |
Invesco FTSE RAFI US 1000 ETF
PRF
|
+$40.2M |
| 4 |
State Street Consumer Discretionary Select Sector SPDR ETF
XLY
|
+$38.1M |
| 5 |
iShares Short Maturity Bond ETF
NEAR
|
+$34.3M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 4.06% |
| 2 | Financials | 2.86% |
| 3 | Healthcare | 2.41% |
| 4 | Communication Services | 2.14% |
| 5 | Consumer Discretionary | 2.11% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
226
iShares US Healthcare ETF
IYH
$3.38B
| $39.7M | 0.07% |
920,610
+34,600
| +4% | +$1.4M |
|
227
iShares Morningstar Growth ETF
ILCG
$3.09B
| $39.5M | 0.07% |
940,040
-49,400
| -5% | -$1.96M |
|
228
First Trust Smith Opportunistic Fixed Income ETF
FIXD
$3.23B
| $39.4M | 0.07% |
760,464
+229,373
| +43% | +$12M |
|
229
Kimberly-Clark
KMB
$37B
| $39M | 0.07% |
283,526
+3,832
| +1% | +$518K |
|
230
Vanguard Financials ETF
VFH
$13.5B
| $39M | 0.07% |
510,904
+31,075
| +6% | +$2.27M |
|
|
SCHV
231
Schwab US Large-Cap Value ETF
SCHV
$15.8B
| $37.9M | 0.07% |
1,891,110
+68,628
| +4% | +$1.33M |
|
232
First Trust Technology AlphaDEX Fund
FXL
$2.49B
| $37.5M | 0.07% |
516,651
+49,642
| +11% | +$3.41M |
|
233
Invesco Ultra Short Duration ETF
GSY
$3.86B
| $37.4M | 0.07% |
741,582
+47,378
| +7% | +$2.39M |
|
234
Invesco S&P Ultra Dividend Revenue ETF
RDIV
$1.38B
| $37.2M | 0.07% |
942,783
-50,658
| -5% | -$1.94M |
|
235
First Trust Horizon Managed Volatility Domestic ETF
HUSV
$75.8M
| $36.7M | 0.07% |
1,320,893
+221,164
| +20% | +$6.06M |
|
236
W.P. Carey
WPC
$17B
| $36.7M | 0.07% |
468,117
+14,818
| +3% | +$1.24M |
|
237
Vanguard Consumer Discretionary ETF
VCR
$5.92B
| $36.5M | 0.07% |
192,571
+21,246
| +12% | +$3.89M |
|
238
Vanguard Mega Cap Value ETF
MGV
$13.3B
| $36.4M | 0.07% |
418,025
+23,424
| +6% | +$1.96M |
|
239
PIMCO Active Bond Exchange-Traded Fund
BOND
$8.4B
| $36.1M | 0.07% |
334,518
+41,608
| +14% | +$4.5M |
|
240
First Trust Financials AlphaDEX Fund
FXO
$1.13B
| $35.4M | 0.06% |
1,054,925
+33,271
| +3% | +$1.08M |
|
241
Nike
NKE
$62.5B
| $35.1M | 0.06% |
346,684
+23,244
| +7% | +$2.19M |
|
242
State Street SPDR Bloomberg Convertible Securities ETF
CWB
$5.57B
| $35M | 0.06% |
630,888
+94,411
| +18% | +$5.08M |
|
243
WisdomTree US LargeCap Dividend Fund
DLN
$6.25B
| $35M | 0.06% |
660,658
+44,616
| +7% | +$2.27M |
|
244
Vanguard Long-Term Corporate Bond ETF
VCLT
$8.86B
| $34.8M | 0.06% |
343,366
+44,777
| +15% | +$4.51M |
|
245
Waste Management
WM
$95.5B
| $34.8M | 0.06% |
305,213
-16,507
| -5% | -$1.86M |
|
246
Wells Fargo
WFC
$264B
| $34.6M | 0.06% |
643,082
+30,915
| +5% | +$1.62M |
|
247
Vanguard Intermediate-Term Treasury ETF
VGIT
$41.7B
| $34.6M | 0.06% |
524,333
+49,075
| +10% | +$3.25M |
|
248
Union Pacific
UNP
$178B
| $34.6M | 0.06% |
191,111
+10,319
| +6% | +$1.77M |
|
249
Vanguard Tax-Exempt Bond Index Fund
VTEB
$45.2B
| $34.5M | 0.06% |
644,194
+54,733
| +9% | +$2.93M |
|
250
Realty Income
O
$61.1B
| $34.2M | 0.06% |
479,180
-23,187
| -5% | -$1.73M |
|
Similar funds
LPL Financial's Q4 2019 Portfolio in Review
As of Q4 2019, LPL Financial held 3,501 positions worth $55B, up 12% from $49.1B the previous quarter. Its ten largest holdings account for 22% of the portfolio.
LPL Financial deployed $2.86B of net new capital in Q4 2019, opening 217 new positions and adding to 1,885 existing holdings. Its largest new stake was iShares MSCI Italy ETF: 448,375 shares worth $13.2M.
By sector, the portfolio is most concentrated in Technology at 4.1% of assets, up from 3.6% a quarter earlier, followed by Financials and Healthcare.
On the sell side, the largest reduction was iShares MSCI USA Momentum Factor ETF, an estimated $43.7M trimmed.
- LPL Financial's largest Q4 2019 buy was iShares MSCI Italy ETF: 448,375 shares worth $13.2M.
- LPL Financial added most to iShares MSCI USA Quality Factor ETF in Q4 2019, an estimated $195M increase.
- LPL Financial's biggest Q4 2019 reduction was iShares MSCI USA Momentum Factor ETF, cutting an estimated $43.7M.
- LPL Financial fully exited iShares iBonds Dec 2019 Term Corporate ETF in Q4 2019, selling an estimated $16.8M.
- LPL Financial's ten largest holdings make up 22% of its $55B portfolio in Q4 2019.
- LPL Financial opened 217 new positions and closed 160 in Q4 2019.
- LPL Financial's portfolio value rose 12% quarter-over-quarter to $55B.
Based on LPL Financial's 13F filing for Q4 2019, filed 14 Feb 2020.