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
|
+$195M |
| 2 |
Invesco QQQ Trust
QQQ
|
+$96.8M |
| 3 |
iShares US Treasury Bond ETF
GOVT
|
+$89.9M |
| 4 |
First Trust Value Line Dividend Fund
FVD
|
+$89.8M |
| 5 |
Vanguard Total Bond Market
BND
|
+$76.5M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
iShares MSCI USA Momentum Factor ETF
MTUM
|
+$43.7M |
| 2 |
Vanguard Total Stock Market ETF
VTI
|
+$40.7M |
| 3 |
Invesco FTSE RAFI US 1000 ETF
PRF
|
+$40.2M |
| 4 |
State Street Consumer Discretionary Select Sector SPDR ETF
XLY
|
+$38.1M |
| 5 |
iShares Short Maturity Bond ETF
NEAR
|
+$34.3M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 4.06% |
| 2 | Financials | 2.86% |
| 3 | Healthcare | 2.41% |
| 4 | Communication Services | 2.14% |
| 5 | Consumer Discretionary | 2.11% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
1001
Factset
FDS
$10.1B
| $3.59M | 0.01% |
13,391
+385
| +3% | +$98.9K |
|
1002
Franco-Nevada
FNV
$41.7B
| $3.58M | 0.01% |
34,684
+105
| +0.3% | +$10.1K |
|
1003
CarMax
KMX
$8.49B
| $3.57M | 0.01% |
40,731
+8,103
| +25% | +$762K |
|
1004
Direxion NASDAQ-100 Equal Weighted Index ETF
QQQE
$1.33B
| $3.56M | 0.01% |
64,896
+5,949
| +10% | +$310K |
|
1005
KeyCorp
KEY
$23.9B
| $3.56M | 0.01% |
175,856
+8,825
| +5% | +$166K |
|
|
CSA
1006
DELISTED
VictoryShares US Small Cap Volatility Wtd ETF
CSA
| $3.56M | 0.01% |
71,844
-4,152
| -5% | -$198K |
|
1007
Royal Gold
RGLD
$16.7B
| $3.55M | 0.01% |
29,063
-304
| -1% | -$36K |
|
1008
EMQQ The Emerging Markets Internet & Ecommerce ETF
EMQQ
$272M
| $3.55M | 0.01% |
100,497
+10,206
| +11% | +$339K |
|
1009
iShares Micro-Cap ETF
IWC
$1.44B
| $3.54M | 0.01% |
35,600
-32
| -0.1% | -$2.96K |
|
|
PARA
1010
DELISTED
Paramount Global Class B
PARA
| $3.54M | 0.01% |
84,297
+32,670
| +63% | +$1.27M |
|
1011
Winmark
WINA
$1.21B
| $3.51M | 0.01% |
17,705
-5,800
| -25% | -$1.05M |
|
1012
First Trust Exchange-Traded Fund II First Trust International Equity Opportunities ETF
FPXI
$266M
| $3.51M | 0.01% |
87,289
+47,135
| +117% | +$1.8M |
|
1013
VictoryShares Dividend Accelerator ETF
VSDA
$250M
| $3.5M | 0.01% |
97,815
+26,186
| +37% | +$910K |
|
|
RSX
1014
DELISTED
VanEck Russia ETF
RSX
| $3.49M | 0.01% |
139,933
+56,082
| +67% | +$1.36M |
|
1015
Invesco Solar ETF
TAN
$1.39B
| $3.49M | 0.01% |
113,312
-115,721
| -51% | -$3.35M |
|
1016
Lumentum
LITE
$48.1B
| $3.49M | 0.01% |
44,002
+418
| +1% | +$27.4K |
|
1017
Bio-Rad Laboratories Class A
BIO
$8.79B
| $3.47M | 0.01% |
9,378
+973
| +12% | +$343K |
|
1018
Toronto Dominion Bank
TD
$195B
| $3.47M | 0.01% |
61,823
-4,073
| -6% | -$231K |
|
1019
Check Point Software Technologies
CHKP
$14.3B
| $3.47M | 0.01% |
31,233
-3,419
| -10% | -$384K |
|
1020
WisdomTree India Earnings Fund ETF
EPI
$2.05B
| $3.46M | 0.01% |
139,068
+29,047
| +26% | +$705K |
|
1021
BHP
BHP
$213B
| $3.46M | 0.01% |
70,875
-5,902
| -8% | -$268K |
|
|
MRSH
1022
Marsh
MRSH
$94B
| $3.46M | 0.01% |
31,024
+2,994
| +11% | +$313K |
|
1023
Arista Networks
ANET
$203B
| $3.45M | 0.01% |
271,120
+16,960
| +7% | +$223K |
|
|
EOI
1024
Eaton Vance Enhanced Equity Income Fund
EOI
$799M
| $3.44M | 0.01% |
216,106
+749
| +0.3% | +$11.6K |
|
1025
AES
AES
$10.6B
| $3.43M | 0.01% |
172,304
-652
| -0.4% | -$11.7K |
|
Similar funds
LPL Financial's Q4 2019 Portfolio in Review
As of Q4 2019, LPL Financial held 3,501 positions worth $55B, up 12% from $49.1B the previous quarter. Its ten largest holdings account for 22% of the portfolio.
LPL Financial deployed $2.86B of net new capital in Q4 2019, opening 217 new positions and adding to 1,885 existing holdings. Its largest new stake was iShares MSCI Italy ETF: 448,375 shares worth $13.2M.
By sector, the portfolio is most concentrated in Technology at 4.1% of assets, up from 3.6% a quarter earlier, followed by Financials and Healthcare.
On the sell side, the largest reduction was iShares MSCI USA Momentum Factor ETF, an estimated $43.7M trimmed.
- LPL Financial's largest Q4 2019 buy was iShares MSCI Italy ETF: 448,375 shares worth $13.2M.
- LPL Financial added most to iShares MSCI USA Quality Factor ETF in Q4 2019, an estimated $195M increase.
- LPL Financial's biggest Q4 2019 reduction was iShares MSCI USA Momentum Factor ETF, cutting an estimated $43.7M.
- LPL Financial fully exited iShares iBonds Dec 2019 Term Corporate ETF in Q4 2019, selling an estimated $16.8M.
- LPL Financial's ten largest holdings make up 22% of its $55B portfolio in Q4 2019.
- LPL Financial opened 217 new positions and closed 160 in Q4 2019.
- LPL Financial's portfolio value rose 12% quarter-over-quarter to $55B.
Based on LPL Financial's 13F filing for Q4 2019, filed 14 Feb 2020.