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 | |
|---|---|---|---|---|---|---|
801
Vanguard Russell 3000 ETF
VTHR
$4.64B
| $4.93M | 0.01% |
36,499
+206
| +0.6% | +$27.8K |
|
802
John Hancock Multifactor Developed International ETF
JHMD
$950M
| $4.93M | 0.01% |
177,024
-11,052
| -6% | -$305K |
|
803
Aon
AON
$81.4B
| $4.92M | 0.01% |
25,422
+650
| +3% | +$125K |
|
|
STOR
804
DELISTED
STORE Capital Corporation
STOR
| $4.9M | 0.01% |
131,010
-2,019
| -2% | -$72.3K |
|
|
ETJ
805
Eaton Vance Risk-Managed Diversified Equity Income Fund
ETJ
$563M
| $4.89M | 0.01% |
529,271
-15,835
| -3% | -$149K |
|
806
iShares 0-5 Year TIPS Bond ETF
STIP
$15.9B
| $4.89M | 0.01% |
48,805
-3,840
| -7% | -$385K |
|
807
Skyworks Solutions
SWKS
$9.73B
| $4.87M | 0.01% |
61,506
+9,590
| +18% | +$764K |
|
808
Amplify Online Retail ETF
IBUY
$113M
| $4.85M | 0.01% |
103,744
-1,261
| -1% | -$62.3K |
|
809
iShares MSCI India ETF
INDA
$6.84B
| $4.84M | 0.01% |
144,187
-20,590
| -12% | -$680K |
|
810
Monster Beverage
MNST
$95.6B
| $4.81M | 0.01% |
165,626
-6,498
| -4% | -$197K |
|
811
Inspire Corporate Bond ETF
IBD
$482M
| $4.8M | 0.01% |
187,107
+88,936
| +91% | +$2.29M |
|
812
Invesco Variable Rate Preferred ETF
VRP
$2.99B
| $4.8M | 0.01% |
188,917
+6,402
| +4% | +$162K |
|
813
Invesco S&P 500 Top 50 ETF
XLG
$10.4B
| $4.8M | 0.01% |
226,040
+13,830
| +7% | +$293K |
|
|
FAX
814
abrdn Asia-Pacific Income Fund
FAX
$595M
| $4.8M | 0.01% |
190,937
+7,235
| +4% | +$182K |
|
815
Uber
UBER
$144B
| $4.79M | 0.01% |
157,080
+36,860
| +31% | +$1.39M |
|
816
Global X S&P 500 Covered Call ETF
XYLD
$3.21B
| $4.76M | 0.01% |
97,751
+11,768
| +14% | +$577K |
|
817
Amplify Mobile Payments ETF
IPAY
$172M
| $4.74M | 0.01% |
101,651
-35,515
| -26% | -$1.7M |
|
818
Invesco S&P MidCap 400 Pure Growth ETF
RFG
$339M
| $4.73M | 0.01% |
167,355
-14,730
| -8% | -$423K |
|
819
Seagate
STX
$169B
| $4.7M | 0.01% |
87,385
+881
| +1% | +$43.2K |
|
820
ALPS O'Shares US Small-Cap Quality Dividend ETF
OUSM
$902M
| $4.69M | 0.01% |
168,210
-2,261
| -1% | -$62.1K |
|
821
KLA
KLAC
$249B
| $4.64M | 0.01% |
291,070
-63,020
| -18% | -$881K |
|
822
John Hancock Multifactor Small Cap ETF
JHSC
$730M
| $4.64M | 0.01% |
177,324
-9,021
| -5% | -$235K |
|
823
Veeva Systems
VEEV
$32.7B
| $4.6M | 0.01% |
30,134
-5,663
| -16% | -$908K |
|
824
Xtrackers MSCI All World ex US Hedged Equity ETF
DBAW
$285M
| $4.59M | 0.01% |
166,113
+13,307
| +9% | +$361K |
|
825
Nuveen Municipal Value Fund
NUV
$1.91B
| $4.57M | 0.01% |
434,570
-11,337
| -3% | -$117K |
|
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.