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 | |
|---|---|---|---|---|---|---|
1001
FlexShares Morningstar US Market Factors Tilt Index Fund
TILT
$2.17B
| $3.09M | 0.01% |
26,432
+15,050
| +132% | +$1.75M |
|
|
AMRN
1002
Amarin Corp
AMRN
$297M
| $3.08M | 0.01% |
10,154
+664
| +7% | +$232K |
|
1003
Wells Fargo 7.5% Non Cumv Perp Conv
WFC.PRL
$4.67B
| $3.06M | 0.01% |
2,007
+110
| +6% | +$157K |
|
1004
Sony
SONY
$137B
| $3.05M | 0.01% |
258,230
+49,825
| +24% | +$563K |
|
1005
BlackRock Short Maturity Municipal Bond ETF
MEAR
$1.36B
| $3.05M | 0.01% |
60,880
+6,086
| +11% | +$305K |
|
1006
State Street SPDR Portfolio TIPS ETF
SPIP
$1.01B
| $3.05M | 0.01% |
106,837
+16,417
| +18% | +$467K |
|
1007
Agilent Technologies
A
$39.5B
| $3.04M | 0.01% |
39,667
-5,871
| -13% | -$424K |
|
1008
Halliburton
HAL
$26.1B
| $3.03M | 0.01% |
160,592
-10,999
| -6% | -$228K |
|
1009
Nuveen Core Equity Alpha Fund
JCE
$275M
| $3.03M | 0.01% |
211,136
+2,129
| +1% | +$30K |
|
1010
MDU Resources
MDU
$4.19B
| $3.02M | 0.01% |
282,084
+1,396
| +0.5% | +$14.3K |
|
1011
Old Republic International
ORI
$10.8B
| $3.02M | 0.01% |
128,155
-2,292
| -2% | -$52.3K |
|
1012
iShares GNMA Bond ETF
GNMA
$423M
| $3.02M | 0.01% |
60,025
+19,763
| +49% | +$992K |
|
1013
Best Buy
BBY
$19.1B
| $3.01M | 0.01% |
43,691
-350
| -0.8% | -$24.4K |
|
|
MXIM
1014
DELISTED
Maxim Integrated Products
MXIM
| $3.01M | 0.01% |
52,006
+492
| +1% | +$28.5K |
|
1015
SEI Investments
SEIC
$12.5B
| $3.01M | 0.01% |
50,754
-2,054
| -4% | -$119K |
|
1016
First Trust Alternative Absolute Return Strategy ETF
FAAR
$192M
| $3M | 0.01% |
114,768
+12,044
| +12% | +$320K |
|
1017
Principal Financial Group
PFG
$24.4B
| $3M | 0.01% |
52,576
+4,561
| +9% | +$257K |
|
1018
State Street
STT
$49B
| $3M | 0.01% |
50,741
-1,347
| -3% | -$74.7K |
|
1019
VanEck Short Muni ETF
SMB
$312M
| $2.99M | 0.01% |
169,218
-333
| -0.2% | -$5.92K |
|
1020
IQVIA
IQV
$40.5B
| $2.99M | 0.01% |
20,000
+3,073
| +18% | +$478K |
|
|
PPLI
1021
People Inc
PPLI
$3.13B
| $2.98M | 0.01% |
76,590
+38,715
| +102% | +$1.65M |
|
1022
KeyCorp
KEY
$24B
| $2.98M | 0.01% |
167,031
+1,135
| +0.7% | +$19.6K |
|
|
IBDQ
1023
DELISTED
iShares iBonds Dec 2025 Term Corporate ETF
IBDQ
| $2.97M | 0.01% |
114,849
+15,945
| +16% | +$410K |
|
1024
iShares Global Energy ETF
IXC
$2.75B
| $2.96M | 0.01% |
96,880
-1,757
| -2% | -$53.8K |
|
1025
Invesco KBW Property & Casualty Insurance ETF
KBWP
$278M
| $2.96M | 0.01% |
40,040
-1,360
| -3% | -$97.8K |
|
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.