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 | |
|---|---|---|---|---|---|---|
1176
First Trust Japan AlphaDEX Fund
FJP
$242M
| $2.29M | ﹤0.01% |
47,919
-28,992
| -38% | -$1.37M |
|
1177
FlexShares Credit-Scored US Long Corporate Bond Index Fund
LKOR
$30.1M
| $2.29M | ﹤0.01% |
39,866
+33,141
| +493% | +$1.89M |
|
1178
Infosys
INFY
$51B
| $2.29M | ﹤0.01% |
201,306
+26,087
| +15% | +$294K |
|
1179
VanEck Agribusiness ETF
MOO
$992M
| $2.29M | ﹤0.01% |
34,719
-748
| -2% | -$49.5K |
|
1180
LXP Industrial Trust
LXP
$3.52B
| $2.29M | ﹤0.01% |
44,604
+3,527
| +9% | +$176K |
|
1181
Simon Property Group
SPG
$76.4B
| $2.29M | ﹤0.01% |
14,685
+95
| +0.7% | +$14.8K |
|
1182
Tanger
SKT
$4.78B
| $2.29M | ﹤0.01% |
147,579
+97,648
| +196% | +$1.53M |
|
1183
Compass Diversified
CODI
$752M
| $2.28M | ﹤0.01% |
115,466
+34,459
| +43% | +$658K |
|
1184
SAP
SAP
$215B
| $2.27M | ﹤0.01% |
19,256
-2,333
| -11% | -$289K |
|
|
DIAX
1185
DELISTED
Nuveen Dow 30SM Dynamic Overwrite Fund
DIAX
| $2.25M | ﹤0.01% |
126,409
+4,088
| +3% | +$72.1K |
|
|
WRK
1186
DELISTED
WestRock Company
WRK
| $2.25M | ﹤0.01% |
61,755
-5,283
| -8% | -$189K |
|
1187
Qiagen
QGEN
$8.62B
| $2.25M | ﹤0.01% |
64,331
+45,551
| +243% | +$1.75M |
|
1188
OGE Energy
OGE
$9.86B
| $2.25M | ﹤0.01% |
49,534
+188
| +0.4% | +$8.14K |
|
|
IHIT
1189
DELISTED
Invesco High Income 2023 Target Term Fund Common Shares of Beneficial Interest, No par value per share
IHIT
| $2.24M | ﹤0.01% |
215,948
+30,790
| +17% | +$322K |
|
1190
Invesco Building & Construction ETF
PKB
$418M
| $2.24M | ﹤0.01% |
68,686
-3,798
| -5% | -$119K |
|
|
BKI
1191
DELISTED
Black Knight, Inc. Common Stock
BKI
| $2.23M | ﹤0.01% |
36,515
-869
| -2% | -$53.9K |
|
|
PMT
1192
PennyMac Mortgage Investment
PMT
$845M
| $2.22M | ﹤0.01% |
100,029
+26,195
| +35% | +$578K |
|
1193
Entegris
ENTG
$16.3B
| $2.22M | ﹤0.01% |
47,154
+9,001
| +24% | +$380K |
|
1194
American States Water
AWR
$3.44B
| $2.22M | ﹤0.01% |
24,676
-1,048
| -4% | -$88K |
|
|
PDM
1195
Piedmont Realty Trust
PDM
$1.24B
| $2.21M | ﹤0.01% |
106,100
+93
| +0.1% | +$1.88K |
|
|
BFIN
1196
DELISTED
BankFinancial
BFIN
| $2.21M | ﹤0.01% |
186,024
| – | – |
|
1197
D.R. Horton
DHI
$41.2B
| $2.21M | ﹤0.01% |
41,952
+4,481
| +12% | +$214K |
|
1198
iShares Global Clean Energy ETF
ICLN
$2.22B
| $2.21M | ﹤0.01% |
202,703
+34,286
| +20% | +$373K |
|
1199
AdvisorShares Dorsey Wright ADR ETF
AADR
$38.3M
| $2.21M | ﹤0.01% |
46,255
-3,932
| -8% | -$196K |
|
1200
Franklin Resources
BEN
$16.8B
| $2.19M | ﹤0.01% |
76,050
-12,306
| -14% | -$376K |
|
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.