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 | |
|---|---|---|---|---|---|---|
451
Invesco Financial Preferred ETF
PGF
$676M
| $12.9M | 0.03% |
686,658
+7,269
| +1% | +$136K |
|
452
Invesco International BuyBack Achievers ETF
IPKW
$539M
| $12.9M | 0.03% |
415,208
-5,676
| -1% | -$175K |
|
453
Vodafone
VOD
$37.6B
| $12.8M | 0.03% |
644,924
+40,988
| +7% | +$743K |
|
454
General Dynamics
GD
$106B
| $12.8M | 0.03% |
70,008
+3,694
| +6% | +$686K |
|
455
Becton Dickinson
BDX
$45.4B
| $12.8M | 0.03% |
51,738
+1,838
| +4% | +$454K |
|
456
ALPS O'Shares U.S. Quality Dividend ETF
OUSA
$754M
| $12.8M | 0.03% |
366,899
+84,935
| +30% | +$2.92M |
|
457
Xcel Energy
XEL
$50.7B
| $12.7M | 0.03% |
195,588
-9,215
| -4% | -$574K |
|
458
iShares Russell Top 200 ETF
IWL
$2.17B
| $12.7M | 0.03% |
183,856
-8,979
| -5% | -$617K |
|
|
WBA
459
DELISTED
Walgreens Boots Alliance
WBA
| $12.7M | 0.03% |
228,900
+13,830
| +6% | +$741K |
|
460
Travelers Companies
TRV
$82.5B
| $12.5M | 0.03% |
84,296
-211
| -0.2% | -$31.4K |
|
461
State Street SPDR Dow Jones Global Real Estate ETF
RWO
$1.33B
| $12.5M | 0.03% |
241,615
+408
| +0.2% | +$20.7K |
|
462
VanEck JP Morgan EM Local Currency Bond ETF
EMLC
$4.77B
| $12.5M | 0.03% |
377,333
-47,312
| -11% | -$1.6M |
|
463
Elevance Health
ELV
$83.3B
| $12.4M | 0.03% |
51,834
+4,544
| +10% | +$1.25M |
|
464
United Rentals
URI
$69B
| $12.4M | 0.03% |
99,553
+16,508
| +20% | +$2M |
|
465
ARK Web x.0 ETF
ARKW
$1.64B
| $12.3M | 0.03% |
253,454
+15,653
| +7% | +$800K |
|
466
iShares US Consumer Discretionary ETF
IYC
$1.16B
| $12.2M | 0.02% |
225,380
+47,060
| +26% | +$2.58M |
|
467
Vanguard Industrials ETF
VIS
$8.2B
| $12.2M | 0.02% |
83,553
+46
| +0.1% | +$6.65K |
|
468
iShares Morningstar US Equity ETF
ILCB
$1.26B
| $12.2M | 0.02% |
289,412
-7,552
| -3% | -$314K |
|
469
AB InBev
BUD
$161B
| $12.1M | 0.02% |
127,170
-1,162
| -0.9% | -$110K |
|
470
Invesco S&P SmallCap 600 Revenue ETF
RWJ
$2.09B
| $12.1M | 0.02% |
568,344
+192
| +0% | +$3.94K |
|
471
Truist Financial
TFC
$64.4B
| $12M | 0.02% |
225,538
-3,480
| -2% | -$172K |
|
472
First Trust Dow Jones Global Select Dividend Index Fund
FGD
$1.54B
| $12M | 0.02% |
524,864
-12,352
| -2% | -$279K |
|
473
iShares US Home Construction ETF
ITB
$2.4B
| $12M | 0.02% |
276,058
+28,879
| +12% | +$1.16M |
|
474
L3Harris
LHX
$56.6B
| $11.9M | 0.02% |
57,261
+44,046
| +333% | +$9.02M |
|
475
iShares Expanded Tech Sector ETF
IGM
$9.81B
| $11.9M | 0.02% |
330,084
+66,282
| +25% | +$2.42M |
|
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.