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 | |
|---|---|---|---|---|---|---|
1101
Pacer Global Cash Cows Dividend ETF
GCOW
$3.43B
| $2.98M | 0.01% |
94,770
+4,368
| +5% | +$134K |
|
1102
New Mountain Finance
NMFC
$654M
| $2.98M | 0.01% |
216,588
+24,056
| +12% | +$326K |
|
|
XLNX
1103
DELISTED
Xilinx Inc
XLNX
| $2.97M | 0.01% |
30,396
-3,804
| -11% | -$357K |
|
1104
PACCAR
PCAR
$70.5B
| $2.97M | 0.01% |
56,345
+4,506
| +9% | +$232K |
|
1105
RPM International
RPM
$13.8B
| $2.96M | 0.01% |
38,580
+146
| +0.4% | +$10.6K |
|
1106
Davis Select US Equity ETF
DUSA
$1.26B
| $2.96M | 0.01% |
114,501
+11,925
| +12% | +$297K |
|
1107
iShares Europe ETF
IEV
$1.64B
| $2.96M | 0.01% |
63,015
+15,027
| +31% | +$675K |
|
1108
Tanger
SKT
$4.78B
| $2.96M | 0.01% |
200,891
+53,312
| +36% | +$834K |
|
1109
BlackRock Short Maturity Municipal Bond ETF
MEAR
$1.36B
| $2.95M | 0.01% |
58,964
-1,916
| -3% | -$96.1K |
|
|
HPI
1110
John Hancock Preferred Income Fund
HPI
$428M
| $2.92M | 0.01% |
128,132
+10,011
| +8% | +$227K |
|
1111
Equity Residential
EQR
$25.8B
| $2.92M | 0.01% |
36,091
-2,064
| -5% | -$176K |
|
1112
Synchrony
SYF
$24.4B
| $2.92M | 0.01% |
81,019
-1,972
| -2% | -$70.6K |
|
1113
Nuveen Municipal Credit Income Fund
NZF
$2.41B
| $2.91M | 0.01% |
178,025
+4,553
| +3% | +$73.4K |
|
1114
State Street SPDR S&P Emerging Markets Small Cap ETF
EWX
$642M
| $2.91M | 0.01% |
63,246
+2,294
| +4% | +$102K |
|
1115
WisdomTree International Equity Fund
DWM
$667M
| $2.91M | 0.01% |
54,430
+7,047
| +15% | +$364K |
|
1116
American Century US Quality Value ETF
VALQ
$329M
| $2.91M | 0.01% |
67,294
+61,424
| +1,046% | +$2.57M |
|
1117
Invesco S&P 500 Equal Weight Industrials ETF
RSPN
$1.07B
| $2.9M | 0.01% |
107,065
+21,060
| +24% | +$554K |
|
1118
KraneShares CSI China Internet ETF
KWEB
$5.5B
| $2.9M | 0.01% |
59,602
+19,370
| +48% | +$885K |
|
1119
BlackRock Credit Allocation Income Trust
BTZ
$927M
| $2.9M | 0.01% |
207,345
+2,708
| +1% | +$36.9K |
|
|
PCN
1120
PIMCO Corporate & Income Strategy Fund
PCN
$864M
| $2.9M | 0.01% |
151,564
+39,034
| +35% | +$736K |
|
1121
Cognizant
CTSH
$26.5B
| $2.9M | 0.01% |
46,702
-1,307
| -3% | -$80.8K |
|
1122
Icahn Enterprises
IEP
$5.1B
| $2.9M | 0.01% |
47,068
-9,074
| -16% | -$587K |
|
1123
State Street Ultra Short Term Bond ETF
ULST
$527M
| $2.9M | 0.01% |
71,647
+34,032
| +90% | +$1.38M |
|
1124
Innovative Industrial Properties
IIPR
$1.77B
| $2.89M | 0.01% |
38,073
+21,035
| +123% | +$1.63M |
|
1125
HEICO Corp
HEI
$49.6B
| $2.88M | 0.01% |
25,275
-33,982
| -57% | -$4.18M |
|
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.