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 | |
|---|---|---|---|---|---|---|
2826
PRA Group
PRAA
$672M
| $251K | ﹤0.01% |
7,417
+13
| +0.2% | +$414 |
|
2827
Sea Limited
SE
$66.4B
| $251K | ﹤0.01% |
+8,101
| New | +$272K |
|
|
AIF
2828
DELISTED
Apollo Tactical Income Fund Inc.
AIF
| $251K | ﹤0.01% |
16,577
+105
| +0.6% | +$1.56K |
|
|
TEF
2829
DELISTED
Telefonica
TEF
| $250K | ﹤0.01% |
40,641
-98,172
| -71% | -$593K |
|
2830
Fidelity Value Factor ETF
FVAL
$1.29B
| $249K | ﹤0.01% |
+7,240
| New | +$247K |
|
2831
Invesco S&P SmallCap Consumer Discretionary ETF
PSCD
$24.4M
| $249K | ﹤0.01% |
4,129
-730
| -15% | -$42.8K |
|
2832
Vornado Realty Trust
VNO
$7.65B
| $249K | ﹤0.01% |
3,910
-1,178
| -23% | -$74.1K |
|
2833
Healthcare Services Group
HCSG
$1.61B
| $247K | ﹤0.01% |
10,165
+2,455
| +32% | +$62K |
|
2834
PENN Entertainment
PENN
$2.84B
| $247K | ﹤0.01% |
13,257
-464
| -3% | -$8.78K |
|
2835
Qualys
QLYS
$4.76B
| $247K | ﹤0.01% |
3,265
+74
| +2% | +$6.17K |
|
|
ALTR
2836
DELISTED
Altair Engineering Inc
ALTR
| $247K | ﹤0.01% |
7,129
+307
| +5% | +$11.4K |
|
|
DEMG
2837
DELISTED
Xtrackers FTSE Emerging Comprehensive Factor ETF
DEMG
| $247K | ﹤0.01% |
10,700
| – | – |
|
|
SYE
2838
DELISTED
SPDR MFS Systematic Core Equity ETF of SSgA Active Trust
SYE
| $247K | ﹤0.01% |
2,992
+383
| +15% | +$31.4K |
|
2839
Arrowhead Research
ARWR
$12.1B
| $246K | ﹤0.01% |
+8,726
| New | +$258K |
|
2840
Nordson
NDSN
$16.4B
| $246K | ﹤0.01% |
1,685
+237
| +16% | +$32.9K |
|
2841
Wingstop
WING
$3.8B
| $246K | ﹤0.01% |
2,814
-559
| -17% | -$53.2K |
|
|
JBTM
2842
JBT Marel
JBTM
$7.35B
| $246K | ﹤0.01% |
2,472
+160
| +7% | +$17.6K |
|
2843
Flex
FLEX
$37.7B
| $245K | ﹤0.01% |
31,057
+1,315
| +4% | +$10.1K |
|
2844
The Mosaic Company
MOS
$7.19B
| $245K | ﹤0.01% |
11,938
-4,158
| -26% | -$90.6K |
|
2845
ProShares Ultra Bloomberg Crude Oil
UCO
$432M
| $245K | ﹤0.01% |
2,413
-26
| -1% | -$2.92K |
|
2846
Applied Optoelectronics
AAOI
$6.14B
| $244K | ﹤0.01% |
21,744
+5,049
| +30% | +$50.6K |
|
2847
ATI
ATI
$24.3B
| $244K | ﹤0.01% |
12,061
-1,165
| -9% | -$24.6K |
|
2848
Brunswick
BC
$5.23B
| $244K | ﹤0.01% |
4,679
-602
| -11% | -$28.7K |
|
2849
Fomento Económico Mexicano
FMX
$41.2B
| $244K | ﹤0.01% |
2,666
-183
| -6% | -$16.9K |
|
2850
Kennametal
KMT
$2.56B
| $244K | ﹤0.01% |
7,938
+2,243
| +39% | +$71.5K |
|
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.