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 | |
|---|---|---|---|---|---|---|
|
IBDO
426
DELISTED
iShares iBonds Dec 2023 Term Corporate ETF
IBDO
| $13.9M | 0.03% |
543,669
+70,162
| +15% | +$1.79M |
|
427
iShares Treasury Floating Rate Bond ETF
TFLO
$6.54B
| $13.8M | 0.03% |
275,488
-2,537
| -0.9% | -$128K |
|
428
DuPont de Nemours
DD
$19.1B
| $13.8M | 0.03% |
154,529
+2,259
| +1% | +$199K |
|
429
Occidental Petroleum
OXY
$53.6B
| $13.8M | 0.03% |
310,437
+4,929
| +2% | +$233K |
|
430
Automatic Data Processing
ADP
$107B
| $13.8M | 0.03% |
85,320
+1,667
| +2% | +$275K |
|
431
Amplify Cybersecurity ETF
HACK
$2.67B
| $13.7M | 0.03% |
367,374
+3,482
| +1% | +$137K |
|
432
Berkshire Hathaway Class A
BRK.A
$1.09T
| $13.7M | 0.03% |
44
-2
| -4% | -$619K |
|
433
Yum! Brands
YUM
$41.3B
| $13.7M | 0.03% |
120,911
+946
| +0.8% | +$108K |
|
434
State Street SPDR Bloomberg Short Term High Yield Bond ETF
SJNK
$4.88B
| $13.7M | 0.03% |
505,859
+63,197
| +14% | +$1.71M |
|
435
Schwab International Equity ETF
SCHF
$65.7B
| $13.5M | 0.03% |
849,762
+46,740
| +6% | +$735K |
|
436
WisdomTree Emerging Markets High Dividend Fund
DEM
$3.86B
| $13.5M | 0.03% |
325,710
+5,214
| +2% | +$223K |
|
437
WisdomTree Europe Hedged Equity Fund
HEDJ
$1.83B
| $13.4M | 0.03% |
399,678
-4,638
| -1% | -$153K |
|
438
ProShares Short QQQ
PSQ
$837M
| $13.4M | 0.03% |
96,713
-12,862
| -12% | -$1.79M |
|
439
Vanguard Energy ETF
VDE
$9.69B
| $13.3M | 0.03% |
170,454
-597
| -0.3% | -$47.8K |
|
|
FISV
440
Fiserv Inc
FISV
$29B
| $13.3M | 0.03% |
128,084
+17,258
| +16% | +$1.76M |
|
441
Blackrock
BLK
$170B
| $13.2M | 0.03% |
29,722
-925
| -3% | -$412K |
|
442
First Trust NASDAQ Technology Dividend Index Fund
TDIV
$4.12B
| $13.2M | 0.03% |
330,147
+8,046
| +2% | +$318K |
|
443
Goldman Sachs
GS
$308B
| $13.2M | 0.03% |
63,780
+1,785
| +3% | +$373K |
|
444
iShares California Muni Bond ETF
CMF
$4.56B
| $13.2M | 0.03% |
215,593
+32,589
| +18% | +$2M |
|
445
Prologis
PLD
$138B
| $13.2M | 0.03% |
154,830
+78,497
| +103% | +$6.49M |
|
446
Cummins
CMI
$87.8B
| $13.1M | 0.03% |
80,566
-4,699
| -6% | -$752K |
|
447
Invesco National AMT-Free Municipal Bond ETF
PZA
$4.25B
| $13.1M | 0.03% |
493,297
+14,190
| +3% | +$376K |
|
448
Autodesk
ADSK
$50.8B
| $13.1M | 0.03% |
88,587
-5,742
| -6% | -$894K |
|
449
National Grid
NGG
$81.9B
| $13M | 0.03% |
271,847
+4,009
| +1% | +$185K |
|
450
Dollar General
DG
$27.9B
| $13M | 0.03% |
81,705
+5,034
| +7% | +$728K |
|
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.