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
|
+$195M |
| 2 |
Invesco QQQ Trust
QQQ
|
+$96.8M |
| 3 |
iShares US Treasury Bond ETF
GOVT
|
+$89.9M |
| 4 |
First Trust Value Line Dividend Fund
FVD
|
+$89.8M |
| 5 |
Vanguard Total Bond Market
BND
|
+$76.5M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
iShares MSCI USA Momentum Factor ETF
MTUM
|
+$43.7M |
| 2 |
Vanguard Total Stock Market ETF
VTI
|
+$40.7M |
| 3 |
Invesco FTSE RAFI US 1000 ETF
PRF
|
+$40.2M |
| 4 |
State Street Consumer Discretionary Select Sector SPDR ETF
XLY
|
+$38.1M |
| 5 |
iShares Short Maturity Bond ETF
NEAR
|
+$34.3M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 4.06% |
| 2 | Financials | 2.86% |
| 3 | Healthcare | 2.41% |
| 4 | Communication Services | 2.14% |
| 5 | Consumer Discretionary | 2.11% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
326
Ares Capital
ARCC
$13.7B
| $22.8M | 0.04% |
1,224,736
+126,848
| +12% | +$2.36M |
|
327
iShares MSCI EAFE Value ETF
EFV
$28.4B
| $22.7M | 0.04% |
455,318
+4,391
| +1% | +$215K |
|
328
Kinder Morgan
KMI
$70.5B
| $22.7M | 0.04% |
1,072,929
+29,411
| +3% | +$595K |
|
329
Xtrackers USD High Yield Corporate Bond ETF
HYLB
$3.51B
| $22.6M | 0.04% |
560,794
-141,070
| -20% | -$5.63M |
|
|
IBDL
330
DELISTED
iShares iBonds Dec 2020 Term Corporate ETF
IBDL
| $22.4M | 0.04% |
886,765
+59,575
| +7% | +$1.51M |
|
331
Vanguard S&P Small-Cap 600 ETF
VIOO
$4.18B
| $22.4M | 0.04% |
293,772
+54,272
| +23% | +$3.99M |
|
332
iShares Core Universal USD Bond ETF
IUSB
$43.1B
| $22.3M | 0.04% |
428,729
+110,340
| +35% | +$5.76M |
|
333
General Mills
GIS
$20.3B
| $22.3M | 0.04% |
415,529
-490
| -0.1% | -$25.8K |
|
334
iShares Silver Trust
SLV
$27.7B
| $22.2M | 0.04% |
1,332,205
-14,363
| -1% | -$233K |
|
335
FedEx
FDX
$73.5B
| $22.1M | 0.04% |
146,390
+486
| +0.3% | +$74.9K |
|
336
iShares MSCI Japan ETF
EWJ
$21.4B
| $22M | 0.04% |
371,567
-17,915
| -5% | -$1.06M |
|
337
Welltower
WELL
$171B
| $22M | 0.04% |
268,509
+11,538
| +4% | +$988K |
|
|
PPL
338
PPL Corp
PPL
$27.5B
| $22M | 0.04% |
611,914
+33,501
| +6% | +$1.12M |
|
339
Colgate-Palmolive
CL
$75.2B
| $22M | 0.04% |
318,879
-3,039
| -0.9% | -$207K |
|
340
State Street SPDR US Large Cap Low Volatility Index ETF
LGLV
$1.23B
| $21.9M | 0.04% |
191,963
+169,170
| +742% | +$18.9M |
|
341
State Street SPDR S&P Regional Banking ETF
KRE
$4.54B
| $21.9M | 0.04% |
376,087
+80,460
| +27% | +$4.46M |
|
342
Ford
F
$59.7B
| $21.8M | 0.04% |
2,344,110
+161,593
| +7% | +$1.45M |
|
|
IBDM
343
DELISTED
iShares iBonds Dec 2021 Term Corporate ETF
IBDM
| $21.7M | 0.04% |
869,719
+97,072
| +13% | +$2.42M |
|
344
Enterprise Products Partners
EPD
$84B
| $21.7M | 0.04% |
770,443
+53,116
| +7% | +$1.44M |
|
345
Texas Instruments
TXN
$256B
| $21.6M | 0.04% |
168,339
+2,253
| +1% | +$278K |
|
346
Vanguard International Dividend Appreciation ETF
VIGI
$9.06B
| $21.3M | 0.04% |
295,956
+30,748
| +12% | +$2.13M |
|
347
Stryker
SYK
$133B
| $21M | 0.04% |
99,830
+5,945
| +6% | +$1.23M |
|
348
iShares Dow Jones US ETF
IYY
$2.94B
| $20.9M | 0.04% |
261,934
-3,296
| -1% | -$252K |
|
349
Franklin US Low Volatility High Dividend Index ETF
LVHD
$647M
| $20.8M | 0.04% |
611,398
+86,898
| +17% | +$2.92M |
|
350
Vanguard Russell 2000 ETF
VTWO
$17.5B
| $20.6M | 0.04% |
309,494
+13,796
| +5% | +$876K |
|
Similar funds
LPL Financial's Q4 2019 Portfolio in Review
As of Q4 2019, LPL Financial held 3,501 positions worth $55B, up 12% from $49.1B the previous quarter. Its ten largest holdings account for 22% of the portfolio.
LPL Financial deployed $2.86B of net new capital in Q4 2019, opening 217 new positions and adding to 1,885 existing holdings. Its largest new stake was iShares MSCI Italy ETF: 448,375 shares worth $13.2M.
By sector, the portfolio is most concentrated in Technology at 4.1% of assets, up from 3.6% a quarter earlier, followed by Financials and Healthcare.
On the sell side, the largest reduction was iShares MSCI USA Momentum Factor ETF, an estimated $43.7M trimmed.
- LPL Financial's largest Q4 2019 buy was iShares MSCI Italy ETF: 448,375 shares worth $13.2M.
- LPL Financial added most to iShares MSCI USA Quality Factor ETF in Q4 2019, an estimated $195M increase.
- LPL Financial's biggest Q4 2019 reduction was iShares MSCI USA Momentum Factor ETF, cutting an estimated $43.7M.
- LPL Financial fully exited iShares iBonds Dec 2019 Term Corporate ETF in Q4 2019, selling an estimated $16.8M.
- LPL Financial's ten largest holdings make up 22% of its $55B portfolio in Q4 2019.
- LPL Financial opened 217 new positions and closed 160 in Q4 2019.
- LPL Financial's portfolio value rose 12% quarter-over-quarter to $55B.
Based on LPL Financial's 13F filing for Q4 2019, filed 14 Feb 2020.