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 | |
|---|---|---|---|---|---|---|
951
Keysight
KEYS
$51.1B
| $3.51M | 0.01% |
36,138
+2,742
| +8% | +$254K |
|
|
DWTR
952
DELISTED
Invesco DWA Tactical Sector Rotation ETF
DWTR
| $3.51M | 0.01% |
111,969
+27,302
| +32% | +$878K |
|
953
iShares Morningstar Small-Cap ETF
ISCB
$281M
| $3.51M | 0.01% |
80,240
-420
| -0.5% | -$18.2K |
|
|
CSA
954
DELISTED
VictoryShares US Small Cap Volatility Wtd ETF
CSA
| $3.51M | 0.01% |
75,996
+877
| +1% | +$39.7K |
|
955
Entergy
ETR
$51.2B
| $3.5M | 0.01% |
59,626
-1,942
| -3% | -$106K |
|
956
Vulcan Materials
VMC
$37.5B
| $3.49M | 0.01% |
23,091
+1,298
| +6% | +$183K |
|
957
American Airlines Group
AAL
$9.99B
| $3.49M | 0.01% |
129,307
+4,998
| +4% | +$146K |
|
958
AutoZone
AZO
$51.3B
| $3.46M | 0.01% |
3,192
-1,200
| -27% | -$1.35M |
|
959
WisdomTree US SmallCap Earnings Fund
EES
$727M
| $3.46M | 0.01% |
97,096
-3,455
| -3% | -$121K |
|
960
Broadridge
BR
$18.7B
| $3.44M | 0.01% |
27,650
+1,551
| +6% | +$200K |
|
961
Goldman Sachs Hedge Industry VIP ETF
GVIP
$535M
| $3.43M | 0.01% |
61,635
+3,066
| +5% | +$177K |
|
962
Vanguard S&P Small-Cap 600 Growth ETF
VIOG
$1.04B
| $3.42M | 0.01% |
44,650
-6,210
| -12% | -$482K |
|
963
Zimmer Biomet
ZBH
$18.6B
| $3.42M | 0.01% |
25,667
-2,591
| -9% | -$335K |
|
|
KNOW
964
DELISTED
Direxion All Cap Insider Sentiment Shares
KNOW
| $3.42M | 0.01% |
89,214
-88,894
| -50% | -$3.42M |
|
965
First Trust Small Cap Value AlphaDEX Fund
FYT
$194M
| $3.4M | 0.01% |
98,152
-869
| -0.9% | -$29.2K |
|
966
Alaska Air
ALK
$5.18B
| $3.39M | 0.01% |
52,158
+954
| +2% | +$60.1K |
|
967
BHP
BHP
$211B
| $3.38M | 0.01% |
76,777
-55,063
| -42% | -$2.57M |
|
968
Global X MLP ETF
MLPA
$2.29B
| $3.38M | 0.01% |
67,149
+8,334
| +14% | +$429K |
|
969
Nuveen ESG Large-Cap Growth ETF
NULG
$2.62B
| $3.33M | 0.01% |
87,313
+16,762
| +24% | +$636K |
|
970
Idexx Laboratories
IDXX
$44.9B
| $3.32M | 0.01% |
12,208
-1,499
| -11% | -$417K |
|
971
Invesco S&P Emerging Markets Low Volatility ETF
EELV
$430M
| $3.32M | 0.01% |
145,865
+4,621
| +3% | +$108K |
|
|
DFP
972
Flaherty & Crumrine Dynamic Preferred and Income Fund
DFP
$425M
| $3.31M | 0.01% |
126,717
+2,671
| +2% | +$68.3K |
|
973
Equity Residential
EQR
$25.7B
| $3.29M | 0.01% |
38,155
+2,823
| +8% | +$231K |
|
|
AWF
974
AllianceBernstein Global High Income Fund
AWF
$870M
| $3.29M | 0.01% |
274,311
-436
| -0.2% | -$5.17K |
|
975
iShares MSCI New Zealand ETF
ENZL
$77.4M
| $3.28M | 0.01% |
63,262
+5,741
| +10% | +$306K |
|
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.