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 | |
|---|---|---|---|---|---|---|
2701
Dorman Products
DORM
$4.22B
| $292K | ﹤0.01% |
3,669
+138
| +4% | +$10.7K |
|
2702
Fortis
FTS
$29.3B
| $292K | ﹤0.01% |
6,895
+810
| +13% | +$33K |
|
2703
Invesco S&P 500 Downside Hedged ETF
PHDG
$72.6M
| $291K | ﹤0.01% |
10,588
-1,207
| -10% | -$33.6K |
|
|
ERF
2704
DELISTED
Enerplus Corporation
ERF
| $291K | ﹤0.01% |
39,103
-5,922
| -13% | -$40.8K |
|
2705
Teucrium Sugar Fund
CANE
$74M
| $290K | ﹤0.01% |
43,502
+5,014
| +13% | +$33.6K |
|
2706
Amdocs
DOX
$6.03B
| $290K | ﹤0.01% |
4,387
+702
| +19% | +$45.1K |
|
2707
ESCO Technologies
ESE
$7.77B
| $290K | ﹤0.01% |
+3,642
| New | +$289K |
|
2708
DaVita
DVA
$15.5B
| $289K | ﹤0.01% |
5,057
+771
| +18% | +$44.8K |
|
2709
iShares Currency Hedged MSCI ACWI ex US ETF
HAWX
$338M
| $289K | ﹤0.01% |
10,719
-2,968
| -22% | -$78.7K |
|
|
TUP
2710
DELISTED
Tupperware Brands Corporation
TUP
| $289K | ﹤0.01% |
18,242
-187
| -1% | -$2.89K |
|
2711
iShares MSCI Israel ETF
EIS
$863M
| $288K | ﹤0.01% |
5,281
+264
| +5% | +$14.3K |
|
2712
IDEX
IEX
$17B
| $288K | ﹤0.01% |
1,756
-78
| -4% | -$12.9K |
|
2713
Interparfums
IPAR
$4.07B
| $288K | ﹤0.01% |
4,111
-295
| -7% | -$19.6K |
|
2714
Oportun Financial
OPRT
$262M
| $288K | ﹤0.01% |
+17,775
| New | +$288K |
|
2715
Quanta Services
PWR
$84.2B
| $288K | ﹤0.01% |
7,616
-294
| -4% | -$10.6K |
|
|
EV
2716
DELISTED
Eaton Vance Corp.
EV
| $288K | ﹤0.01% |
6,417
-1,399
| -18% | -$60.5K |
|
2717
US Global GO Gold and Precious Metal Miners ETF
GOAU
$161M
| $286K | ﹤0.01% |
18,736
+1,600
| +9% | +$25.6K |
|
2718
Cohen & Steers Duration Preferred & Income Fund
LDP
$591M
| $286K | ﹤0.01% |
11,192
+2,738
| +32% | +$69K |
|
|
PETQ
2719
DELISTED
PetIQ, Inc. Class A Common Stock
PETQ
| $286K | ﹤0.01% |
10,506
+1,855
| +21% | +$58.7K |
|
|
NRCG
2720
DELISTED
NRC Group Holdings Corp.
NRCG
| $286K | ﹤0.01% |
23,000
| – | – |
|
2721
iShares Core Dividend ETF
DIVB
$1.71B
| $285K | ﹤0.01% |
10,105
+1
| +0% | +$28 |
|
2722
Fulton Financial
FULT
$4.68B
| $285K | ﹤0.01% |
17,624
-1,522
| -8% | -$24.8K |
|
|
FFBW
2723
DELISTED
FFBW, Inc. Common Stock
FFBW
| $285K | ﹤0.01% |
30,431
| – | – |
|
2724
Cloudflare
NET
$96B
| $284K | ﹤0.01% |
+15,275
| New | +$295K |
|
2725
Assurant
AIZ
$13.9B
| $283K | ﹤0.01% |
+2,249
| New | +$267K |
|
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.