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 | |
|---|---|---|---|---|---|---|
1151
Mitsubishi UFJ Financial
MUFG
$247B
| $2.39M | ﹤0.01% |
469,828
+184,217
| +64% | +$903K |
|
1152
Republic Services
RSG
$67.4B
| $2.39M | ﹤0.01% |
27,570
+1,121
| +4% | +$98.5K |
|
1153
Fidelity MSCI Energy Index ETF
FENY
$1.97B
| $2.38M | ﹤0.01% |
151,260
+18,795
| +14% | +$304K |
|
|
PFPT
1154
DELISTED
Proofpoint, Inc.
PFPT
| $2.37M | ﹤0.01% |
18,358
+397
| +2% | +$48.6K |
|
1155
Service Corp International
SCI
$11.8B
| $2.37M | ﹤0.01% |
49,494
-4,343
| -8% | -$204K |
|
1156
Xtrackers Municipal Infrastructure Revenue Bond ETF
RVNU
$142M
| $2.36M | ﹤0.01% |
83,450
+3,510
| +4% | +$98.7K |
|
1157
WisdomTree International Equity Fund
DWM
$667M
| $2.36M | ﹤0.01% |
47,383
-369
| -0.8% | -$18.3K |
|
1158
State Street SPDR NYSE Technology ETF
XNTK
$1.94B
| $2.36M | ﹤0.01% |
32,378
-172
| -0.5% | -$12.7K |
|
|
RTL
1159
DELISTED
The Necessity Retail REIT, Inc. Class A Common Stock
RTL
| $2.35M | ﹤0.01% |
168,657
-4,293
| -2% | -$52.2K |
|
1160
State Street SPDR S&P Oil & Gas Exploration & Production ETF
XOP
$3.54B
| $2.35M | ﹤0.01% |
26,225
+654
| +3% | +$61.6K |
|
1161
iShares MSCI Poland ETF
EPOL
$680M
| $2.34M | ﹤0.01% |
113,520
+83,718
| +281% | +$1.82M |
|
1162
Suncor Energy
SU
$77.7B
| $2.34M | ﹤0.01% |
74,193
-82
| -0.1% | -$2.47K |
|
1163
Lumentum
LITE
$46.9B
| $2.33M | ﹤0.01% |
43,584
-13,355
| -23% | -$753K |
|
1164
Electronic Arts
EA
$52.4B
| $2.32M | ﹤0.01% |
23,756
-1,178
| -5% | -$111K |
|
1165
State Street SPDR S&P International Small Cap ETF
GWX
$839M
| $2.32M | ﹤0.01% |
79,029
+29,644
| +60% | +$868K |
|
1166
NNN REIT
NNN
$9.29B
| $2.32M | ﹤0.01% |
41,165
-21
| -0.1% | -$1.14K |
|
|
X
1167
DELISTED
US Steel
X
| $2.32M | ﹤0.01% |
201,036
-14,763
| -7% | -$190K |
|
|
CXP
1168
DELISTED
COLUMBIA PROPERTY TRUST, INC.
CXP
| $2.32M | ﹤0.01% |
109,787
-8,163
| -7% | -$174K |
|
|
ATAXZ
1169
DELISTED
AMERICA FIRST TAX EXEMT INV LP
ATAXZ
| $2.32M | ﹤0.01% |
283,615
+58,313
| +26% | +$477K |
|
1170
Fidelity MSCI Financials Index ETF
FNCL
$2.37B
| $2.32M | ﹤0.01% |
57,001
-19,423
| -25% | -$780K |
|
1171
Sanofi
SNY
$107B
| $2.31M | ﹤0.01% |
49,893
+1,175
| +2% | +$50.7K |
|
1172
Vident International Equity Strategy
VIDI
$425M
| $2.31M | ﹤0.01% |
98,666
+3,862
| +4% | +$90.4K |
|
1173
Old Dominion Freight Line
ODFL
$46.3B
| $2.31M | ﹤0.01% |
40,704
-4,200
| -9% | -$228K |
|
1174
RLI Corp
RLI
$6.02B
| $2.3M | ﹤0.01% |
49,574
+10,106
| +26% | +$457K |
|
1175
Rollins
ROL
$18.6B
| $2.3M | ﹤0.01% |
101,091
+2,142
| +2% | +$49.2K |
|
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.