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 | |
|---|---|---|---|---|---|---|
476
iShares Morningstar Mid-Cap ETF
IMCB
$1.65B
| $11.9M | 0.02% |
240,984
+18,812
| +8% | +$917K |
|
477
iShares MSCI United Kingdom ETF
EWU
$4.1B
| $11.9M | 0.02% |
379,026
-15,269
| -4% | -$476K |
|
478
Fidelity National Information Services
FIS
$24.2B
| $11.9M | 0.02% |
89,265
+35,825
| +67% | +$4.76M |
|
479
Norfolk Southern
NSC
$75.4B
| $11.8M | 0.02% |
65,777
+4,322
| +7% | +$795K |
|
|
BSCL
480
DELISTED
Invesco BulletShares 2021 Corporate Bond ETF
BSCL
| $11.8M | 0.02% |
554,953
+36,353
| +7% | +$772K |
|
481
American Water Works
AWK
$27B
| $11.8M | 0.02% |
94,927
+5,991
| +7% | +$723K |
|
482
Diageo
DEO
$49.6B
| $11.7M | 0.02% |
71,843
-219
| -0.3% | -$36.6K |
|
|
CELG
483
DELISTED
Celgene Corp
CELG
| $11.6M | 0.02% |
116,924
+1,023
| +0.9% | +$97.2K |
|
484
Huntington Bancshares
HBAN
$34B
| $11.6M | 0.02% |
811,777
+182,702
| +29% | +$2.5M |
|
|
RDS.A
485
DELISTED
Royal Dutch Shell PLC ADS Class A
RDS.A
| $11.6M | 0.02% |
196,797
+16,061
| +9% | +$953K |
|
486
Zoetis
ZTS
$32.7B
| $11.6M | 0.02% |
92,938
+1,461
| +2% | +$176K |
|
487
Nuveen Floating Rate Income Fund
JFR
$1.23B
| $11.6M | 0.02% |
1,189,146
+100,589
| +9% | +$974K |
|
488
Invesco Large Cap Growth ETF
PWB
$2.17B
| $11.5M | 0.02% |
237,983
+92,295
| +63% | +$4.52M |
|
489
First Trust Multi Cap Value AlphaDEX Fund
FAB
$165M
| $11.4M | 0.02% |
214,369
-4,800
| -2% | -$252K |
|
490
Sysco
SYY
$40.8B
| $11.4M | 0.02% |
143,188
+8,791
| +7% | +$645K |
|
491
iShares MSCI USA Small-Cap Min Vol Factor ETF
SMMV
$291M
| $11.3M | 0.02% |
329,718
+45,844
| +16% | +$1.56M |
|
492
iShares MSCI EAFE Growth ETF
EFG
$16.2B
| $11.2M | 0.02% |
139,682
+22,030
| +19% | +$1.76M |
|
493
iShares ESG Optimized MSCI USA ETF
SUSA
$3.95B
| $11.2M | 0.02% |
181,964
+18,348
| +11% | +$1.12M |
|
494
Invesco S&P 500 Quality ETF
SPHQ
$19B
| $11.2M | 0.02% |
334,624
+4,231
| +1% | +$141K |
|
495
Tesla
TSLA
$1.18T
| $11.2M | 0.02% |
694,800
+51,825
| +8% | +$811K |
|
496
State Street SPDR Bloomberg Investment Grade Floating Rate ETF
FLRN
$3.07B
| $11.1M | 0.02% |
359,225
-53,700
| -13% | -$1.65M |
|
497
International Paper
IP
$22.6B
| $11M | 0.02% |
278,779
+18,324
| +7% | +$716K |
|
498
Cintas
CTAS
$86.6B
| $11M | 0.02% |
163,740
+1,468
| +0.9% | +$94K |
|
499
Weyerhaeuser
WY
$17.6B
| $11M | 0.02% |
395,479
+26,882
| +7% | +$701K |
|
500
Emerson Electric
EMR
$81.6B
| $10.9M | 0.02% |
163,761
+3,378
| +2% | +$212K |
|
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.