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 | |
|---|---|---|---|---|---|---|
726
Global Payments
GPN
$23.9B
| $6.05M | 0.01% |
38,032
+14,984
| +65% | +$2.45M |
|
727
FlexShares Quality Dividend Index Fund
QDF
$2.23B
| $6.05M | 0.01% |
133,065
+5,057
| +4% | +$227K |
|
728
Expeditors International
EXPD
$22.4B
| $5.99M | 0.01% |
80,690
-7,059
| -8% | -$517K |
|
729
Southwest Airlines
LUV
$22.7B
| $5.97M | 0.01% |
110,606
-2,325
| -2% | -$122K |
|
730
State Street SPDR Portfolio Intermediate Term Treasury ETF
SPTI
$10.5B
| $5.96M | 0.01% |
190,605
+162,431
| +577% | +$5.05M |
|
731
Invesco NASDAQ Internet ETF
PNQI
$526M
| $5.96M | 0.01% |
229,080
+3,160
| +1% | +$86.1K |
|
|
CGC
732
Canopy Growth
CGC
$377M
| $5.94M | 0.01% |
25,898
+2,600
| +11% | +$795K |
|
|
MMP
733
DELISTED
Magellan Midstream Partners, L.P.
MMP
| $5.93M | 0.01% |
89,470
+10,717
| +14% | +$706K |
|
734
Freeport-McMoran
FCX
$88.6B
| $5.91M | 0.01% |
617,797
-155,374
| -20% | -$1.6M |
|
735
W.W. Grainger
GWW
$66B
| $5.89M | 0.01% |
19,807
+758
| +4% | +$211K |
|
|
ATVI
736
DELISTED
Activision Blizzard
ATVI
| $5.88M | 0.01% |
111,069
+22,446
| +25% | +$1.12M |
|
737
WisdomTree International Hedged Quality Dividend Growth Fund
IHDG
$2.22B
| $5.88M | 0.01% |
174,763
+37,979
| +28% | +$1.25M |
|
738
Omega Healthcare
OHI
$15.4B
| $5.87M | 0.01% |
140,489
+16,705
| +13% | +$651K |
|
739
PIMCO Investment Grade Corporate Bond Index Exchange-Traded Fund
CORP
$1.57B
| $5.83M | 0.01% |
53,099
+16,952
| +47% | +$1.84M |
|
740
Vanguard Global ex-US Real Estate ETF
VNQI
$3.52B
| $5.82M | 0.01% |
99,391
-89,040
| -47% | -$5.2M |
|
741
FlexShares Global Upstream Natural Resources Index Fund
GUNR
$7.14B
| $5.79M | 0.01% |
185,762
-13,937
| -7% | -$442K |
|
742
Illumina
ILMN
$29.2B
| $5.78M | 0.01% |
19,516
-267
| -1% | -$78.7K |
|
743
VF Corp
VFC
$7.16B
| $5.77M | 0.01% |
64,841
+3,087
| +5% | +$264K |
|
744
Intuit
INTU
$85.6B
| $5.76M | 0.01% |
21,662
+349
| +2% | +$96K |
|
745
Ulta Beauty
ULTA
$21.6B
| $5.75M | 0.01% |
22,962
+4,679
| +26% | +$1.44M |
|
746
Roku
ROKU
$21.3B
| $5.73M | 0.01% |
56,332
+2,169
| +4% | +$265K |
|
747
Invesco Taxable Municipal Bond ETF
BAB
$1.03B
| $5.71M | 0.01% |
176,115
-15,152
| -8% | -$487K |
|
748
First Trust STOXX European Select Dividend Income Fund
FDD
$865M
| $5.69M | 0.01% |
446,514
+48,770
| +12% | +$606K |
|
749
Invesco S&P 500 Pure Value ETF
RPV
$1.68B
| $5.68M | 0.01% |
87,663
-33,152
| -27% | -$2.12M |
|
750
AstraZeneca
AZN
$267B
| $5.67M | 0.01% |
63,551
+7,090
| +13% | +$615K |
|
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.