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 | |
|---|---|---|---|---|---|---|
901
iShares MSCI South Korea ETF
EWY
$21.9B
| $5.52M | 0.01% |
84,438
-3,067
| -4% | -$192K |
|
|
MRSH
902
Marsh
MRSH
$90.5B
| $5.51M | 0.01% |
48,076
+5,106
| +12% | +$585K |
|
903
VanEck Short Muni ETF
SMB
$312M
| $5.51M | 0.01% |
305,303
+118,340
| +63% | +$2.14M |
|
904
Guardant Health
GH
$21.7B
| $5.5M | 0.01% |
49,191
-193
| -0.4% | -$17.7K |
|
905
Otis Worldwide
OTIS
$27.4B
| $5.47M | 0.01% |
87,642
-16,111
| -16% | -$985K |
|
906
Vanguard Global ex-US Real Estate ETF
VNQI
$3.52B
| $5.45M | 0.01% |
112,101
+5,281
| +5% | +$257K |
|
907
Schwab Short-Term US Treasury ETF
SCHO
$12.8B
| $5.44M | 0.01% |
211,276
+80,882
| +62% | +$2.08M |
|
908
Johnson Controls International
JCI
$88.8B
| $5.44M | 0.01% |
133,073
+6,730
| +5% | +$264K |
|
909
Invesco Dorsey Wright Technology Momentum ETF
PTF
$593M
| $5.44M | 0.01% |
148,206
+66,441
| +81% | +$2.31M |
|
910
VictoryShares Dividend Accelerator ETF
VSDA
$246M
| $5.43M | 0.01% |
149,656
-3,357
| -2% | -$119K |
|
911
FMC
FMC
$1.34B
| $5.42M | 0.01% |
51,222
-4,344
| -8% | -$465K |
|
|
CGC
912
Canopy Growth
CGC
$387M
| $5.42M | 0.01% |
37,878
-4,849
| -11% | -$813K |
|
913
VictoryShares US Multi-Factor Minimum Volatility ETF
VSMV
$155M
| $5.42M | 0.01% |
168,640
+130,363
| +341% | +$4.18M |
|
|
AWF
914
AllianceBernstein Global High Income Fund
AWF
$870M
| $5.41M | 0.01% |
514,260
+30
| +0% | +$318 |
|
|
IBMK
915
DELISTED
iShares iBonds Dec 2022 Term Muni Bond ETF
IBMK
| $5.4M | 0.01% |
203,680
+15,054
| +8% | +$399K |
|
|
ANSS
916
DELISTED
Ansys
ANSS
| $5.39M | 0.01% |
16,474
+1,354
| +9% | +$424K |
|
|
SCHW
917
Charles Schwab
SCHW
$183B
| $5.38M | 0.01% |
148,390
-45,818
| -24% | -$1.59M |
|
|
NVTA
918
DELISTED
Invitae Corporation
NVTA
| $5.37M | 0.01% |
123,855
+17,306
| +16% | +$590K |
|
919
Monolithic Power Systems
MPWR
$70.1B
| $5.37M | 0.01% |
19,191
+3,506
| +22% | +$912K |
|
920
ProShares K-1 Free Crude Oil Strategy ETF
OILK
$207M
| $5.36M | 0.01% |
147,102
+8,300
| +6% | +$314K |
|
921
WisdomTree Dynamic International Equity Fund
DDWM
$1.48B
| $5.34M | 0.01% |
210,116
-20,879
| -9% | -$544K |
|
|
THW
922
abrdn World Healthcare Fund
THW
$536M
| $5.34M | 0.01% |
372,615
+10,630
| +3% | +$154K |
|
923
iShares Core 80/20 Aggressive Allocation ETF
AOA
$3.19B
| $5.33M | 0.01% |
91,917
-6,271
| -6% | -$362K |
|
924
IQ MacKay Municipal Insured ETF
MMIN
$463M
| $5.32M | 0.01% |
195,561
+102,364
| +110% | +$2.79M |
|
925
Paycom
PAYC
$7.64B
| $5.3M | 0.01% |
17,032
+615
| +4% | +$180K |
|
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.