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 | |
|---|---|---|---|---|---|---|
326
ALPS Sector Dividend Dogs ETF
SDOG
$1.42B
| $20.9M | 0.04% |
476,491
+2,871
| +0.6% | +$124K |
|
327
Crown Castle
CCI
$32.4B
| $20.9M | 0.04% |
150,158
-62,783
| -29% | -$8.68M |
|
328
Enterprise Products Partners
EPD
$82.5B
| $20.5M | 0.04% |
717,327
+25,196
| +4% | +$734K |
|
329
JPMorgan Diversified Return International Equity ETF
JPIN
$363M
| $20.5M | 0.04% |
385,219
-48,430
| -11% | -$2.57M |
|
330
Ares Capital
ARCC
$13.6B
| $20.5M | 0.04% |
1,097,888
+56,021
| +5% | +$1.04M |
|
331
iShares US Financials ETF
IYF
$4.68B
| $20.3M | 0.04% |
315,776
-33,134
| -9% | -$2.11M |
|
332
Stryker
SYK
$129B
| $20.3M | 0.04% |
93,885
+9,963
| +12% | +$2.14M |
|
333
iShares 0-5 Year High Yield Corporate Bond ETF
SHYG
$7.6B
| $20.2M | 0.04% |
433,894
+50,075
| +13% | +$2.32M |
|
334
Ford
F
$58.5B
| $20M | 0.04% |
2,182,517
+98,932
| +5% | +$940K |
|
335
VanEck Fallen Angel High Yield Bond ETF
ANGL
$3.08B
| $19.9M | 0.04% |
679,752
+119,077
| +21% | +$3.48M |
|
336
iShares Russell Top 200 Growth ETF
IWY
$15.7B
| $19.9M | 0.04% |
228,683
+637
| +0.3% | +$55.6K |
|
337
iShares US Industrials ETF
IYJ
$2B
| $19.8M | 0.04% |
249,610
+18,394
| +8% | +$1.45M |
|
338
First Trust Exchange-Traded Fund VI Multi-Asset Diversified Income Index Fund
MDIV
$428M
| $19.7M | 0.04% |
1,068,370
+13,851
| +1% | +$255K |
|
339
iShares US Utilities ETF
IDU
$1.39B
| $19.7M | 0.04% |
241,770
+30,426
| +14% | +$2.37M |
|
340
Constellation Brands
STZ
$22.2B
| $19.7M | 0.04% |
94,852
-163
| -0.2% | -$32.7K |
|
341
iShares Dow Jones US ETF
IYY
$2.93B
| $19.6M | 0.04% |
265,230
+3,048
| +1% | +$224K |
|
342
Eli Lilly
LLY
$1.07T
| $19.5M | 0.04% |
174,464
-9,507
| -5% | -$1.06M |
|
343
BCE
BCE
$19.8B
| $19.5M | 0.04% |
402,160
+6,035
| +2% | +$282K |
|
344
Pacer Trendpilot US Mid Cap ETF
PTMC
$395M
| $19.4M | 0.04% |
665,435
-228,004
| -26% | -$6.6M |
|
|
IBDM
345
DELISTED
iShares iBonds Dec 2021 Term Corporate ETF
IBDM
| $19.3M | 0.04% |
772,647
+67,593
| +10% | +$1.68M |
|
346
Vanguard Russell 1000 Value ETF
VONV
$20.5B
| $19.3M | 0.04% |
342,700
+25,888
| +8% | +$1.44M |
|
347
Invesco Aerospace & Defense ETF
PPA
$8.37B
| $19.2M | 0.04% |
283,089
+19,586
| +7% | +$1.31M |
|
348
State Street Materials Select Sector SPDR ETF
XLB
$8.66B
| $19M | 0.04% |
653,410
+34,728
| +6% | +$1M |
|
349
American Tower
AMT
$77.7B
| $18.9M | 0.04% |
85,468
+8,818
| +12% | +$1.92M |
|
350
ProShares Large Cap Core Plus
CSM
$510M
| $18.9M | 0.04% |
532,046
-101,976
| -16% | -$3.6M |
|
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.