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 | |
|---|---|---|---|---|---|---|
301
General Mills
GIS
$19.5B
| $22.9M | 0.05% |
416,019
-85,882
| -17% | -$4.63M |
|
302
First Trust NYSE Arca Biotechnology Index Fund
FBT
$2.8B
| $22.9M | 0.05% |
184,875
-23,641
| -11% | -$3.15M |
|
303
Lowe's Companies
LOW
$119B
| $22.8M | 0.05% |
207,778
+3,269
| +2% | +$345K |
|
304
Enbridge
ENB
$121B
| $22.7M | 0.05% |
647,312
+64,760
| +11% | +$2.24M |
|
|
WBII
305
DELISTED
WBI BullBear Global Income ETF
WBII
| $22.6M | 0.05% |
882,348
-363,098
| -29% | -$9.22M |
|
306
Pacer Trendpilot 100 ETF
PTNQ
$1.19B
| $22.5M | 0.05% |
626,201
+60,189
| +11% | +$2.17M |
|
307
Global X NASDAQ-100 Covered Call ETF
QYLD
$8.03B
| $22.3M | 0.05% |
984,727
+78,118
| +9% | +$1.79M |
|
308
Phillips 66
PSX
$83.3B
| $22.2M | 0.05% |
216,776
+3,828
| +2% | +$384K |
|
309
Blackstone
BX
$106B
| $22.1M | 0.05% |
452,724
+53,669
| +13% | +$2.62M |
|
310
iShares MSCI Japan ETF
EWJ
$21.7B
| $22.1M | 0.05% |
389,482
-59,976
| -13% | -$3.29M |
|
311
First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF
HYLS
$1.6B
| $22.1M | 0.05% |
458,132
+66,331
| +17% | +$3.2M |
|
312
iShares MSCI EAFE Small-Cap ETF
SCZ
$13.3B
| $22M | 0.04% |
384,468
+9,154
| +2% | +$517K |
|
313
Invesco S&P 500 Equal Weight Consumer Staples ETF
RSPS
$249M
| $21.7M | 0.04% |
772,600
-25,025
| -3% | -$687K |
|
314
Schwab U.S Small- Cap ETF
SCHA
$22.4B
| $21.7M | 0.04% |
1,244,520
+80,304
| +7% | +$1.42M |
|
315
Danaher
DHR
$138B
| $21.5M | 0.04% |
167,967
+5,570
| +3% | +$697K |
|
316
Kinder Morgan
KMI
$70.6B
| $21.5M | 0.04% |
1,043,518
+24,681
| +2% | +$507K |
|
317
Texas Instruments
TXN
$255B
| $21.5M | 0.04% |
166,086
+5,398
| +3% | +$665K |
|
318
Schwab US Mid-Cap ETF
SCHM
$14.6B
| $21.5M | 0.04% |
1,138,785
+35,559
| +3% | +$672K |
|
319
iShares Silver Trust
SLV
$28.3B
| $21.4M | 0.04% |
1,346,568
+144,476
| +12% | +$2.3M |
|
320
iShares MSCI EAFE Value ETF
EFV
$28.3B
| $21.4M | 0.04% |
450,927
+2,272
| +0.5% | +$106K |
|
321
iShares MSCI Germany ETF
EWG
$1.55B
| $21.4M | 0.04% |
793,488
+292,907
| +59% | +$7.88M |
|
322
FedEx
FDX
$73.5B
| $21.2M | 0.04% |
145,904
+1,889
| +1% | +$305K |
|
|
SLY
323
DELISTED
SPDR S&P 600 Small Cap ETF (based on S&P SmallCap 600 Index--symbol SML)
SLY
| $21.1M | 0.04% |
313,783
+165
| +0.1% | +$11K |
|
324
State Street Real Estate Select Sector SPDR ETF
XLRE
$8.69B
| $21M | 0.04% |
534,543
+58,763
| +12% | +$2.25M |
|
|
IBDL
325
DELISTED
iShares iBonds Dec 2020 Term Corporate ETF
IBDL
| $21M | 0.04% |
827,190
+51,719
| +7% | +$1.31M |
|
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.