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 |
Goldman Sachs ActiveBeta US Large Cap Equity ETF
GSLC
|
+$239M |
| 2 |
iShares Core S&P 500 ETF
IVV
|
+$94.9M |
| 3 |
Goldman Sachs Access US Aggregate Bond ETF
GCOR
|
+$87.2M |
| 4 |
Goldman Sachs ActiveBeta International Equity ETF
GSIE
|
+$85.4M |
| 5 |
Apple
AAPL
|
+$81.6M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
iShares S&P 500 Growth ETF
IVW
|
+$135M |
| 2 |
Vanguard Morningstar Total Stock Market ETF
VTI
|
+$117M |
| 3 |
iShares S&P 500 Value ETF
IVE
|
+$108M |
| 4 |
iShares Core MSCI Emerging Markets ETF
IEMG
|
+$81.2M |
| 5 |
iShares Core MSCI EAFE ETF
IEFA
|
+$57.5M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 6.1% |
| 2 | Consumer Discretionary | 3.02% |
| 3 | Healthcare | 2.68% |
| 4 | Financials | 2.54% |
| 5 | Communication Services | 2.3% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
301
Oracle
ORCL
$367B
| $32.5M | 0.05% |
543,903
+2,805
| +0.5% | +$159K |
|
302
VanEck Fallen Angel High Yield Bond ETF
ANGL
$3.08B
| $32.3M | 0.05% |
1,086,763
+124,479
| +13% | +$3.73M |
|
303
VanEck Semiconductor ETF
SMH
$65B
| $32.1M | 0.05% |
368,554
+24,202
| +7% | +$2.03M |
|
304
Eli Lilly
LLY
$1.03T
| $31.7M | 0.05% |
214,417
+4,149
| +2% | +$642K |
|
305
Invesco S&P MidCap Momentum ETF
XMMO
$7.09B
| $31.6M | 0.05% |
477,000
+19,320
| +4% | +$1.24M |
|
306
iShares MSCI United Kingdom ETF
EWU
$4.17B
| $31.5M | 0.05% |
1,236,190
+764,810
| +162% | +$20.1M |
|
307
Vanguard Morningstar Mega Cap ETF
MGC
$9.9B
| $31.4M | 0.05% |
262,213
-6,502
| -2% | -$767K |
|
308
First Trust Health Care AlphaDEX Fund
FXH
$1.04B
| $31.4M | 0.05% |
331,710
+21,460
| +7% | +$2.01M |
|
309
Invesco S&P 500 Pure Growth ETF
RPG
$2B
| $31.4M | 0.05% |
1,108,330
+45,500
| +4% | +$1.26M |
|
310
Vanguard Short-Term Inflation-Protected Securities Index Fund
VTIP
$19.1B
| $31M | 0.05% |
607,827
+124,124
| +26% | +$6.3M |
|
311
iShares MSCI Japan ETF
EWJ
$22.1B
| $30.7M | 0.05% |
520,405
+122,614
| +31% | +$7.02M |
|
312
Northrop Grumman
NOC
$76B
| $30.7M | 0.05% |
97,202
-95
| -0.1% | -$31K |
|
313
State Street Materials Select Sector SPDR ETF
XLB
$8.71B
| $30.2M | 0.05% |
949,036
+450,948
| +91% | +$14M |
|
314
Invesco S&P 500 High Dividend Low Volatility ETF
SPHD
$3.35B
| $29.9M | 0.05% |
905,141
-189,996
| -17% | -$6.41M |
|
315
W.P. Carey
WPC
$16.9B
| $29.7M | 0.05% |
464,603
+4,270
| +0.9% | +$288K |
|
316
iShares MSCI All Country Asia ex Japan ETF
AAXJ
$3.65B
| $29.6M | 0.05% |
383,109
+370,477
| +2,933% | +$28.2M |
|
317
General Mills
GIS
$19.4B
| $29.5M | 0.05% |
477,538
+33,296
| +7% | +$2.08M |
|
318
Vanguard Long-Term Corporate Bond ETF
VCLT
$8.83B
| $29.4M | 0.05% |
274,861
-31,509
| -10% | -$3.44M |
|
319
First Trust Mid Cap Core AlphaDEX Fund
FNX
$1.38B
| $29.2M | 0.05% |
442,356
+30,238
| +7% | +$1.98M |
|
320
American Tower
AMT
$81.3B
| $29.1M | 0.05% |
120,343
+9,119
| +8% | +$2.31M |
|
321
Trade Desk
TTD
$8.59B
| $28.7M | 0.04% |
553,050
+121,350
| +28% | +$5.54M |
|
322
WisdomTree US Value Fund
WTV
$3.21B
| $28.7M | 0.04% |
691,716
-21,946
| -3% | -$908K |
|
|
IBDM
323
DELISTED
iShares iBonds Dec 2021 Term Corporate ETF
IBDM
| $28.6M | 0.04% |
1,140,312
+92,105
| +9% | +$2.31M |
|
324
iShares Broad USD Investment Grade Corporate Bond ETF
USIG
$17.3B
| $28.2M | 0.04% |
463,687
+89,119
| +24% | +$5.46M |
|
325
First Trust Senior Loan Fund ETF
FTSL
$2.32B
| $28.1M | 0.04% |
610,441
-19,029
| -3% | -$878K |
|
Similar funds
LPL Financial's Q3 2020 Portfolio in Review
As of Q3 2020, LPL Financial held 3,702 positions worth $64B, up 12% from $57.4B the previous quarter. Its ten largest holdings account for 21% of the portfolio.
LPL Financial deployed $2.84B of net new capital in Q3 2020, opening 233 new positions and adding to 1,921 existing holdings. Its largest new stake was Goldman Sachs Access US Aggregate Bond ETF: 1,744,998 shares worth $87M.
By sector, the portfolio is most concentrated in Technology at 6.1% of assets, up from 5.5% a quarter earlier, followed by Consumer Discretionary and Healthcare.
On the sell side, the largest reduction was iShares S&P 500 Growth ETF, an estimated $135M trimmed.
- LPL Financial's largest Q3 2020 buy was Goldman Sachs Access US Aggregate Bond ETF: 1,744,998 shares worth $87M.
- LPL Financial added most to Goldman Sachs ActiveBeta US Large Cap Equity ETF in Q3 2020, an estimated $239M increase.
- LPL Financial's biggest Q3 2020 reduction was iShares S&P 500 Growth ETF, cutting an estimated $135M.
- LPL Financial fully exited iShares iBonds Sep 2020 Term Muni Bond ETF in Q3 2020, selling an estimated $6.02M.
- LPL Financial's ten largest holdings make up 21% of its $64B portfolio in Q3 2020.
- LPL Financial opened 233 new positions and closed 157 in Q3 2020.
- LPL Financial's portfolio value rose 12% quarter-over-quarter to $64B.
Based on LPL Financial's 13F filing for Q3 2020, filed 9 Nov 2020.