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 | |
|---|---|---|---|---|---|---|
451
First Trust Nasdaq-100 Select Equal Weight ETF
QQEW
$1.72B
| $14.4M | 0.03% |
195,641
+55,811
| +40% | +$3.9M |
|
452
VanEck BDC Income ETF
BIZD
$1.62B
| $14.4M | 0.03% |
859,510
+11,600
| +1% | +$192K |
|
453
Schwab US TIPS ETF
SCHP
$16.4B
| $14.3M | 0.03% |
505,200
-9,228
| -2% | -$262K |
|
454
Dollar General
DG
$27.8B
| $14.3M | 0.03% |
91,596
+9,891
| +12% | +$1.57M |
|
455
iShares Expanded Tech Sector ETF
IGM
$9.78B
| $14.2M | 0.03% |
353,022
+22,938
| +7% | +$874K |
|
456
Nuveen Floating Rate Income Fund
JFR
$1.23B
| $14.2M | 0.03% |
1,391,210
+202,064
| +17% | +$1.94M |
|
457
SLB Ltd
SLB
$74.2B
| $14.2M | 0.03% |
354,241
+79,051
| +29% | +$2.82M |
|
458
American Electric Power
AEP
$72.4B
| $14.2M | 0.03% |
150,484
-1,057
| -0.7% | -$97.6K |
|
459
WisdomTree Europe Hedged Equity Fund
HEDJ
$1.83B
| $14.2M | 0.03% |
402,550
+2,872
| +0.7% | +$99K |
|
460
Invesco National AMT-Free Municipal Bond ETF
PZA
$4.24B
| $14.2M | 0.03% |
536,733
+43,436
| +9% | +$1.15M |
|
461
Dow Inc
DOW
$20.8B
| $14.2M | 0.03% |
259,355
+41,162
| +19% | +$2.13M |
|
462
Vanguard Industrials ETF
VIS
$8.22B
| $14.2M | 0.03% |
92,197
+8,644
| +10% | +$1.3M |
|
463
iShares Russell Top 200 ETF
IWL
$2.16B
| $14.2M | 0.03% |
188,534
+4,678
| +3% | +$336K |
|
464
iShares MSCI EAFE Growth ETF
EFG
$16.3B
| $14.2M | 0.03% |
163,702
+24,020
| +17% | +$2M |
|
465
iShares S&P 100 ETF
OEF
$19.8B
| $14.2M | 0.03% |
98,223
-10,106
| -9% | -$1.39M |
|
466
iShares US Healthcare Providers ETF
IHF
$1.24B
| $14M | 0.03% |
348,950
+32,190
| +10% | +$1.18M |
|
467
Occidental Petroleum
OXY
$53.6B
| $14M | 0.03% |
339,049
+28,612
| +9% | +$1.15M |
|
468
Invesco Large Cap Growth ETF
PWB
$2.24B
| $14M | 0.03% |
271,833
+33,850
| +14% | +$1.67M |
|
469
Invesco Financial Preferred ETF
PGF
$676M
| $13.9M | 0.03% |
737,841
+51,183
| +7% | +$960K |
|
470
Invesco International BuyBack Achievers ETF
IPKW
$540M
| $13.9M | 0.03% |
411,647
-3,561
| -0.9% | -$116K |
|
471
Global X Robotics & Artificial Intelligence ETF
BOTZ
$3.17B
| $13.9M | 0.03% |
634,051
+125,486
| +25% | +$2.65M |
|
|
BSCL
472
DELISTED
Invesco BulletShares 2021 Corporate Bond ETF
BSCL
| $13.8M | 0.03% |
652,084
+97,131
| +18% | +$2.06M |
|
473
First Trust Dow Jones Global Select Dividend Index Fund
FGD
$1.54B
| $13.8M | 0.03% |
553,320
+28,456
| +5% | +$683K |
|
474
iShares Ultra Short Duration Bond Active ETF
ICSH
$8.06B
| $13.8M | 0.03% |
273,698
+59,746
| +28% | +$3.01M |
|
475
Cummins
CMI
$88.5B
| $13.7M | 0.02% |
76,532
-4,034
| -5% | -$710K |
|
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.