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 | |
|---|---|---|---|---|---|---|
876
Winmark
WINA
$1.24B
| $4.15M | 0.01% |
23,505
-10
| -0% | -$1.69K |
|
877
iShares Global Infrastructure ETF
IGF
$10.9B
| $4.14M | 0.01% |
89,193
-1,755
| -2% | -$80.4K |
|
878
iShares China Large-Cap ETF
FXI
$4.27B
| $4.14M | 0.01% |
104,057
-14,011
| -12% | -$568K |
|
879
Schwab US REIT ETF
SCHH
$11.7B
| $4.12M | 0.01% |
174,816
-14,416
| -8% | -$331K |
|
880
Cardinal Health
CAH
$54.5B
| $4.1M | 0.01% |
86,839
+5,580
| +7% | +$255K |
|
881
WisdomTree US LargeCap Fund
EPS
$1.58B
| $4.09M | 0.01% |
122,068
-2,289
| -2% | -$76K |
|
882
iShares Core 5-10 Year USD Bond ETF
IMTB
$276M
| $4.09M | 0.01% |
80,581
+15,594
| +24% | +$788K |
|
883
Cohen & Steers Infrastructure Fund
UTF
$3.11B
| $4.09M | 0.01% |
150,065
+22,043
| +17% | +$582K |
|
884
Hasbro
HAS
$13.6B
| $4.07M | 0.01% |
34,322
+3,139
| +10% | +$358K |
|
885
Invesco Dorsey Wright Consumer Staples Momentum ETF
PSL
$86M
| $4.07M | 0.01% |
56,407
+3,484
| +7% | +$257K |
|
886
Atlassian
TEAM
$25.4B
| $4.06M | 0.01% |
32,365
+6,868
| +27% | +$935K |
|
887
ProShares Short Russell2000
RWM
$131M
| $4.06M | 0.01% |
99,827
+24,795
| +33% | +$1.01M |
|
888
Davis Select Financial ETF
DFNL
$467M
| $4M | 0.01% |
168,446
-49,708
| -23% | -$1.15M |
|
889
Rio Tinto
RIO
$149B
| $3.99M | 0.01% |
76,590
-30,763
| -29% | -$1.67M |
|
890
Newmont
NEM
$96.4B
| $3.99M | 0.01% |
105,206
+5,076
| +5% | +$197K |
|
891
iShares Morningstar Small-Cap Growth ETF
ISCG
$976M
| $3.98M | 0.01% |
122,808
-20,640
| -14% | -$698K |
|
892
Fidelity MSCI Information Technology Index ETF
FTEC
$19.4B
| $3.97M | 0.01% |
62,229
+10,153
| +19% | +$646K |
|
893
State Street SPDR Portfolio Long Term Corporate Bond ETF
SPLB
$1.2B
| $3.96M | 0.01% |
131,505
+9,006
| +7% | +$266K |
|
894
Amcor
AMCR
$21.6B
| $3.95M | 0.01% |
81,028
+33,938
| +72% | +$1.75M |
|
895
Invesco S&P SmallCap Value with Momentum ETF
XSVM
$684M
| $3.94M | 0.01% |
129,075
+175
| +0.1% | +$5.11K |
|
896
iShares Agency Bond ETF
AGZ
$559M
| $3.93M | 0.01% |
33,732
+8,590
| +34% | +$996K |
|
897
State Street SPDR S&P Retail ETF
XRT
$458M
| $3.91M | 0.01% |
92,223
+1,015
| +1% | +$42.1K |
|
898
Carnival Corporation Ltd
CCL
$38.7B
| $3.9M | 0.01% |
89,346
+7,836
| +10% | +$362K |
|
899
JPMorgan Ultra-Short Municipal Income ETF
JMST
$7.12B
| $3.9M | 0.01% |
77,432
+15,294
| +25% | +$772K |
|
900
TSMC
TSM
$2.03T
| $3.9M | 0.01% |
83,849
-2,729
| -3% | -$116K |
|
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.