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 |
Goldman Sachs ActiveBeta US Large Cap Equity ETF
GSLC
|
+$239M |
| 2 |
iShares Core S&P 500 ETF
IVV
|
+$94.9M |
| 3 |
Goldman Sachs Access US Aggregate Bond ETF
GCOR
|
+$87.2M |
| 4 |
Goldman Sachs ActiveBeta International Equity ETF
GSIE
|
+$85.4M |
| 5 |
Apple
AAPL
|
+$81.6M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
iShares S&P 500 Growth ETF
IVW
|
+$135M |
| 2 |
Vanguard Morningstar Total Stock Market ETF
VTI
|
+$117M |
| 3 |
iShares S&P 500 Value ETF
IVE
|
+$108M |
| 4 |
iShares Core MSCI Emerging Markets ETF
IEMG
|
+$81.2M |
| 5 |
iShares Core MSCI EAFE ETF
IEFA
|
+$57.5M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 6.1% |
| 2 | Consumer Discretionary | 3.02% |
| 3 | Healthcare | 2.68% |
| 4 | Financials | 2.54% |
| 5 | Communication Services | 2.3% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
601
Invesco FTSE RAFI US 1500 Small-Mid ETF
PRFZ
$2.77B
| $11M | 0.02% |
469,275
+75,260
| +19% | +$1.78M |
|
602
Williams Companies
WMB
$87.5B
| $11M | 0.02% |
558,162
+204,678
| +58% | +$4.17M |
|
|
BSCM
603
DELISTED
Invesco BulletShares 2022 Corporate Bond ETF
BSCM
| $11M | 0.02% |
502,123
-6,241
| -1% | -$136K |
|
604
Etsy
ETSY
$7.75B
| $11M | 0.02% |
90,042
+27,088
| +43% | +$3.17M |
|
605
iShares Treasury Floating Rate Bond ETF
TFLO
$6.54B
| $10.9M | 0.02% |
216,546
-11,404
| -5% | -$574K |
|
606
Diageo
DEO
$49B
| $10.9M | 0.02% |
78,914
-2,711
| -3% | -$374K |
|
607
Freeport-McMoran
FCX
$90B
| $10.8M | 0.02% |
691,211
-21,690
| -3% | -$313K |
|
608
Ventas
VTR
$48B
| $10.8M | 0.02% |
257,287
-9,266
| -3% | -$370K |
|
609
Vanguard Industrials ETF
VIS
$8.1B
| $10.8M | 0.02% |
74,435
+5,898
| +9% | +$832K |
|
610
First Trust Low Duration Strategic Focus ETF
LDSF
$161M
| $10.7M | 0.02% |
527,587
+62,349
| +13% | +$1.27M |
|
611
iShares MSCI Australia ETF
EWA
$1.39B
| $10.7M | 0.02% |
543,518
-694,396
| -56% | -$14.1M |
|
612
Applied Materials
AMAT
$403B
| $10.7M | 0.02% |
179,831
-36,263
| -17% | -$2.24M |
|
613
FlexShares Quality Dividend Index Fund
QDF
$2.22B
| $10.7M | 0.02% |
239,277
-15,690
| -6% | -$701K |
|
|
CTXS
614
DELISTED
Citrix Systems Inc
CTXS
| $10.6M | 0.02% |
77,238
-5,921
| -7% | -$846K |
|
615
Linde
LIN
$221B
| $10.6M | 0.02% |
44,655
+6,754
| +18% | +$1.64M |
|
616
First Trust Multi Cap Growth AlphaDEX Fund
FAD
$560M
| $10.6M | 0.02% |
123,403
+21,596
| +21% | +$1.81M |
|
617
AstraZeneca
AZN
$263B
| $10.6M | 0.02% |
96,311
+4,632
| +5% | +$515K |
|
618
Hershey
HSY
$35.2B
| $10.6M | 0.02% |
73,625
+8,401
| +13% | +$1.19M |
|
619
ARK Blockchain & Fintech Innovation ETF
ARKF
$722M
| $10.5M | 0.02% |
265,632
+154,399
| +139% | +$5.73M |
|
620
Biogen
BIIB
$30B
| $10.5M | 0.02% |
37,086
+4,110
| +12% | +$1.15M |
|
|
BSCN
621
DELISTED
Invesco BulletShares 2023 Corporate Bond ETF
BSCN
| $10.5M | 0.02% |
482,577
+54,283
| +13% | +$1.19M |
|
622
Micron Technology
MU
$930B
| $10.5M | 0.02% |
223,325
-5,476
| -2% | -$265K |
|
|
VMW
623
DELISTED
VMware, Inc
VMW
| $10.4M | 0.02% |
72,680
+11,626
| +19% | +$1.65M |
|
624
iShares US Home Construction ETF
ITB
$2.26B
| $10.4M | 0.02% |
184,308
+51,799
| +39% | +$2.71M |
|
625
Franklin US Low Volatility High Dividend Index ETF
LVHD
$628M
| $10.4M | 0.02% |
350,577
-126,903
| -27% | -$3.75M |
|
Similar funds
LPL Financial's Q3 2020 Portfolio in Review
As of Q3 2020, LPL Financial held 3,702 positions worth $64B, up 12% from $57.4B the previous quarter. Its ten largest holdings account for 21% of the portfolio.
LPL Financial deployed $2.84B of net new capital in Q3 2020, opening 233 new positions and adding to 1,921 existing holdings. Its largest new stake was Goldman Sachs Access US Aggregate Bond ETF: 1,744,998 shares worth $87M.
By sector, the portfolio is most concentrated in Technology at 6.1% of assets, up from 5.5% a quarter earlier, followed by Consumer Discretionary and Healthcare.
On the sell side, the largest reduction was iShares S&P 500 Growth ETF, an estimated $135M trimmed.
- LPL Financial's largest Q3 2020 buy was Goldman Sachs Access US Aggregate Bond ETF: 1,744,998 shares worth $87M.
- LPL Financial added most to Goldman Sachs ActiveBeta US Large Cap Equity ETF in Q3 2020, an estimated $239M increase.
- LPL Financial's biggest Q3 2020 reduction was iShares S&P 500 Growth ETF, cutting an estimated $135M.
- LPL Financial fully exited iShares iBonds Sep 2020 Term Muni Bond ETF in Q3 2020, selling an estimated $6.02M.
- LPL Financial's ten largest holdings make up 21% of its $64B portfolio in Q3 2020.
- LPL Financial opened 233 new positions and closed 157 in Q3 2020.
- LPL Financial's portfolio value rose 12% quarter-over-quarter to $64B.
Based on LPL Financial's 13F filing for Q3 2020, filed 9 Nov 2020.