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 | |
|---|---|---|---|---|---|---|
2801
National Vision
EYE
$1.76B
| $257K | ﹤0.01% |
10,677
+430
| +4% | +$12.5K |
|
2802
Jack in the Box
JACK
$314M
| $257K | ﹤0.01% |
2,825
+251
| +10% | +$20.9K |
|
2803
Unitil
UTL
$989M
| $257K | ﹤0.01% |
+4,058
| New | +$243K |
|
2804
Federated Hermes
FHI
$4.56B
| $256K | ﹤0.01% |
7,909
-778
| -9% | -$25.6K |
|
|
ADAM
2805
Adamas Trust
ADAM
$777M
| $256K | ﹤0.01% |
10,512
+127
| +1% | +$3.13K |
|
|
SHLX
2806
DELISTED
Shell Midstream Partners, L.P.
SHLX
| $256K | ﹤0.01% |
12,514
-16
| -0.1% | -$330 |
|
|
ECF
2807
Ellsworth Growth & Income Fund
ECF
$164M
| $255K | ﹤0.01% |
24,278
+1,348
| +6% | +$14.4K |
|
2808
First Trust Latin America AlphaDEX Fund
FLN
$36.9M
| $255K | ﹤0.01% |
+12,500
| New | +$257K |
|
2809
Genesis Energy
GEL
$1.82B
| $255K | ﹤0.01% |
11,886
+668
| +6% | +$14.5K |
|
2810
Kornit Digital
KRNT
$677M
| $255K | ﹤0.01% |
8,287
+758
| +10% | +$22.6K |
|
2811
Middlesex Water
MSEX
$1.07B
| $255K | ﹤0.01% |
3,926
-698
| -15% | -$42.5K |
|
|
NATI
2812
DELISTED
National Instruments Corp
NATI
| $255K | ﹤0.01% |
6,077
+322
| +6% | +$13.8K |
|
|
IAA
2813
DELISTED
IAA, Inc. Common Stock
IAA
| $255K | ﹤0.01% |
+6,121
| New | +$276K |
|
2814
BancFirst
BANF
$3.81B
| $254K | ﹤0.01% |
4,591
-415
| -8% | -$23.1K |
|
2815
Itaú Unibanco
ITUB
$89.8B
| $254K | ﹤0.01% |
41,436
+647
| +2% | +$4.2K |
|
2816
Global X MSCI Norway ETF
NORW
$86.1M
| $254K | ﹤0.01% |
12,457
+784
| +7% | +$16K |
|
2817
Worthington Enterprises
WOR
$2.74B
| $254K | ﹤0.01% |
11,414
-321
| -3% | -$7.44K |
|
|
MUI
2818
DELISTED
BlackRock Municipal Income Fund, Inc.
MUI
| $254K | ﹤0.01% |
17,914
-1,846
| -9% | -$26.4K |
|
|
DALT
2819
DELISTED
Anfield Diversified Alternatives ETF
DALT
| $254K | ﹤0.01% |
24,822
| – | – |
|
2820
Arrow Financial
AROW
$662M
| $252K | ﹤0.01% |
8,480
-536
| -6% | -$15.5K |
|
2821
Seres Therapeutics
MCRB
$45M
| $252K | ﹤0.01% |
3,138
+483
| +18% | +$31.9K |
|
|
TBCH
2822
Turtle Beach Corp
TBCH
$238M
| $252K | ﹤0.01% |
21,600
-15,152
| -41% | -$150K |
|
|
GHDX
2823
DELISTED
Genomic Health, Inc.
GHDX
| $252K | ﹤0.01% |
3,713
-1,107
| -23% | -$76K |
|
2824
EnerSys
ENS
$6.43B
| $251K | ﹤0.01% |
3,812
-14
| -0.4% | -$879 |
|
2825
Empire State Realty Series ES
ESBA
$1.57B
| $251K | ﹤0.01% |
17,648
-1,400
| -7% | -$19.7K |
|
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.