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 | |
|---|---|---|---|---|---|---|
576
iShares Emerging Markets Dividend ETF
DVYE
$1.2B
| $8.9M | 0.02% |
237,803
+34,364
| +17% | +$1.35M |
|
577
Invesco Zacks Mid-Cap ETF
CZA
$192M
| $8.87M | 0.02% |
121,837
-412
| -0.3% | -$29.5K |
|
578
Invesco S&P SmallCap 600 Pure Growth ETF
RZG
$143M
| $8.79M | 0.02% |
247,128
+36,471
| +17% | +$1.33M |
|
579
Prudential Financial
PRU
$43B
| $8.73M | 0.02% |
97,085
+10,715
| +12% | +$971K |
|
580
State Street SPDR Portfolio S&P 500 High Dividend ETF
SPYD
$7.78B
| $8.71M | 0.02% |
229,295
+22,074
| +11% | +$825K |
|
|
PCI
581
DELISTED
PIMCO Dynamic Credit and Mortgage Income Fund
PCI
| $8.65M | 0.02% |
353,325
-74,743
| -17% | -$1.81M |
|
582
Chubb
CB
$141B
| $8.64M | 0.02% |
53,512
-2,052
| -4% | -$318K |
|
583
Sherwin-Williams
SHW
$87.4B
| $8.63M | 0.02% |
47,076
+8,721
| +23% | +$1.48M |
|
584
Nucor
NUE
$60.5B
| $8.59M | 0.02% |
168,813
+4,351
| +3% | +$227K |
|
585
Energy Transfer Partners
ET
$69.5B
| $8.57M | 0.02% |
655,050
+38,998
| +6% | +$544K |
|
586
Equinix
EQIX
$102B
| $8.55M | 0.02% |
14,824
+2,236
| +18% | +$1.2M |
|
587
Cigna
CI
$79.6B
| $8.53M | 0.02% |
56,223
-1,028
| -2% | -$167K |
|
588
ROBO Global Robotics & Automation Index ETF
ROBO
$1.91B
| $8.51M | 0.02% |
221,766
+8,177
| +4% | +$309K |
|
589
Schwab US Aggregate Bond ETF
SCHZ
$10.6B
| $8.48M | 0.02% |
314,842
+9,896
| +3% | +$265K |
|
590
Vanguard FTSE Pacific ETF
VPL
$7.89B
| $8.47M | 0.02% |
128,270
-1,101
| -0.9% | -$71.6K |
|
|
WBIE
591
DELISTED
WBI BullBear Rising Income 3000 ETF
WBIE
| $8.44M | 0.02% |
310,413
-72,025
| -19% | -$1.95M |
|
592
State Street SPDR Dow Jones REIT ETF
RWR
$1.91B
| $8.44M | 0.02% |
80,697
+3,010
| +4% | +$307K |
|
593
PUT
Invesco QQQ Trust
QQQ
$445B
| $8.4M | 0.02% |
44,500
+13,900
| +45% | +$2.64M |
|
594
Vanguard Emerging Markets Government Bond ETF
VWOB
$6.17B
| $8.4M | 0.02% |
104,238
+52,101
| +100% | +$4.2M |
|
595
Davis Select Worldwide ETF
DWLD
$600M
| $8.38M | 0.02% |
366,402
+17,258
| +5% | +$398K |
|
596
First Trust Mid Cap Growth AlphaDEX Fund
FNY
$581M
| $8.37M | 0.02% |
187,138
-27,889
| -13% | -$1.28M |
|
597
Vanguard S&P Small-Cap 600 Value ETF
VIOV
$1.87B
| $8.37M | 0.02% |
129,180
-6,572
| -5% | -$417K |
|
598
State Street SPDR S&P Software & Services ETF
XSW
$436M
| $8.37M | 0.02% |
89,640
+9,085
| +11% | +$880K |
|
599
iShares US Transportation ETF
IYT
$2.31B
| $8.36M | 0.02% |
179,640
-21,208
| -11% | -$990K |
|
|
NVO
600
Novo Nordisk
NVO
$225B
| $8.34M | 0.02% |
322,752
+41,618
| +15% | +$1.05M |
|
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.