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
|
+$617M |
| 2 |
iShares MSCI USA Min Vol Factor ETF
USMV
|
+$390M |
| 3 |
iShares Broad USD High Yield Corporate Bond ETF
USHY
|
+$371M |
| 4 |
Vanguard Total Bond Market
BND
|
+$201M |
| 5 |
iShares JPMorgan USD Emerging Markets Bond ETF
EMB
|
+$193M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Vanguard Total Stock Market ETF
VTI
|
+$577M |
| 2 |
State Street Blackstone Senior Loan ETF
SRLN
|
+$267M |
| 3 |
iShares Core S&P Mid-Cap ETF
IJH
|
+$166M |
| 4 |
Global X MLP & Energy Infrastructure ETF
MLPX
|
+$138M |
| 5 |
State Street SPDR Bloomberg High Yield Bond ETF
JNK
|
+$123M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 3.62% |
| 2 | Financials | 2.74% |
| 3 | Healthcare | 2.2% |
| 4 | Industrials | 2.09% |
| 5 | Communication Services | 2.08% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
2501
GoDaddy
GDDY
$13.9B
| $373K | ﹤0.01% |
5,657
-6,514
| -54% | -$441K |
|
2502
Knight Transportation
KNX
$11.5B
| $372K | ﹤0.01% |
10,246
-3,765
| -27% | -$131K |
|
2503
ITT
ITT
$17.1B
| $371K | ﹤0.01% |
6,060
+661
| +12% | +$39.9K |
|
2504
Global X US Infrastructure Development ETF
PAVE
$13.5B
| $371K | ﹤0.01% |
22,965
-2,102
| -8% | -$33.3K |
|
2505
JPMorgan BetaBuilders Canada ETF
BBCA
$10.9B
| $370K | ﹤0.01% |
7,387
+1,648
| +29% | +$81.7K |
|
2506
Goldman Sachs JUST US Large Cap Equity ETF
JUST
$546M
| $370K | ﹤0.01% |
8,679
-27,358
| -76% | -$1.16M |
|
2507
Outfront Media
OUT
$5.75B
| $370K | ﹤0.01% |
13,520
-19,496
| -59% | -$520K |
|
2508
Evolus
EOLS
$397M
| $369K | ﹤0.01% |
23,645
-2,420
| -9% | -$39.7K |
|
2509
Ezcorp Inc
EZPW
$1.79B
| $369K | ﹤0.01% |
57,105
+33,979
| +147% | +$291K |
|
2510
Purple Innovation
PRPL
$34.5M
| $369K | ﹤0.01% |
1,960
| – | – |
|
2511
WisdomTree New Economy Real Estate Fund
WTRE
$15.2M
| $368K | ﹤0.01% |
12,583
+3,192
| +34% | +$94.6K |
|
|
WTPI
2512
WisdomTree Equity Premium Income Fund
WTPI
$485M
| $368K | ﹤0.01% |
13,316
-840
| -6% | -$23.2K |
|
|
UMPQ
2513
DELISTED
Umpqua Holdings Corp
UMPQ
| $368K | ﹤0.01% |
22,349
+4,756
| +27% | +$78.2K |
|
2514
Cirrus Logic
CRUS
$6.76B
| $367K | ﹤0.01% |
6,855
-5,588
| -45% | -$285K |
|
2515
Editas Medicine
EDIT
$399M
| $367K | ﹤0.01% |
16,134
-4,546
| -22% | -$113K |
|
2516
Franklin US Mid Cap Multifactor Index ETF
FLQM
$1.61B
| $367K | ﹤0.01% |
11,664
+852
| +8% | +$26.6K |
|
|
BAND
2517
Bandwidth Inc
BAND
$1.18B
| $365K | ﹤0.01% |
5,610
+250
| +5% | +$19.5K |
|
2518
First American
FAF
$7.98B
| $365K | ﹤0.01% |
6,182
+853
| +16% | +$48.8K |
|
|
SKX
2519
DELISTED
Skechers
SKX
| $365K | ﹤0.01% |
9,770
-154
| -2% | -$5.28K |
|
2520
Zions Bancorporation
ZION
$10.1B
| $365K | ﹤0.01% |
8,202
-18,335
| -69% | -$792K |
|
2521
Arq
ARQ
$83.3M
| $365K | ﹤0.01% |
24,617
+2,113
| +9% | +$27.4K |
|
|
HUD
2522
DELISTED
Hudson Ltd. Class A Common Shares
HUD
| $365K | ﹤0.01% |
29,728
-1,461
| -5% | -$18.1K |
|
2523
Ferrari
RACE
$67.8B
| $364K | ﹤0.01% |
2,364
+496
| +27% | +$79.1K |
|
2524
Invesco S&P 500 Equal Weight Energy ETF
RSPG
$553M
| $364K | ﹤0.01% |
8,195
-162
| -2% | -$7.34K |
|
2525
Viasat
VSAT
$9.67B
| $364K | ﹤0.01% |
4,829
-3,040
| -39% | -$242K |
|
Similar funds
LPL Financial's Q3 2019 Portfolio in Review
As of Q3 2019, LPL Financial held 3,452 positions worth $49.1B, up 4.7% from $46.9B the previous quarter. Its ten largest holdings account for 22% of the portfolio.
LPL Financial deployed $1.9B of net new capital in Q3 2019, opening 178 new positions and adding to 1,739 existing holdings. Its largest new stake was iShares MSCI Russia ETF: 183,261 shares worth $7.13M.
By sector, the portfolio is most concentrated in Technology at 3.6% of assets, up from 3.6% a quarter earlier, followed by Financials and Healthcare.
On the sell side, the largest reduction was Vanguard Total Stock Market ETF, an estimated $577M trimmed.
- LPL Financial's largest Q3 2019 buy was iShares MSCI Russia ETF: 183,261 shares worth $7.13M.
- LPL Financial added most to iShares MSCI USA Quality Factor ETF in Q3 2019, an estimated $617M increase.
- LPL Financial's biggest Q3 2019 reduction was Vanguard Total Stock Market ETF, cutting an estimated $577M.
- LPL Financial fully exited L3 Technologies, Inc. in Q3 2019, selling an estimated $6.49M.
- LPL Financial's ten largest holdings make up 22% of its $49.1B portfolio in Q3 2019.
- LPL Financial opened 178 new positions and closed 166 in Q3 2019.
- LPL Financial's portfolio value rose 4.7% quarter-over-quarter to $49.1B.
Based on LPL Financial's 13F filing for Q3 2019, filed 13 Nov 2019.