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 |
Goldman Sachs ActiveBeta US Large Cap Equity ETF
GSLC
|
+$239M |
| 2 |
iShares Core S&P 500 ETF
IVV
|
+$94.9M |
| 3 |
Goldman Sachs Access US Aggregate Bond ETF
GCOR
|
+$87.2M |
| 4 |
Goldman Sachs ActiveBeta International Equity ETF
GSIE
|
+$85.4M |
| 5 |
Apple
AAPL
|
+$81.6M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
iShares S&P 500 Growth ETF
IVW
|
+$135M |
| 2 |
Vanguard Morningstar Total Stock Market ETF
VTI
|
+$117M |
| 3 |
iShares S&P 500 Value ETF
IVE
|
+$108M |
| 4 |
iShares Core MSCI Emerging Markets ETF
IEMG
|
+$81.2M |
| 5 |
iShares Core MSCI EAFE ETF
IEFA
|
+$57.5M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 6.1% |
| 2 | Consumer Discretionary | 3.02% |
| 3 | Healthcare | 2.68% |
| 4 | Financials | 2.54% |
| 5 | Communication Services | 2.3% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
1176
iShares Currency Hedged MSCI Eurozone ETF
HEZU
$570M
| $3.28M | 0.01% |
117,695
-63,277
| -35% | -$1.8M |
|
1177
GraniteShares Gold Shares
BAR
$1.36B
| $3.27M | 0.01% |
174,655
+38,143
| +28% | +$726K |
|
1178
Cohen & Steers Infrastructure Fund
UTF
$3.11B
| $3.27M | 0.01% |
147,302
+11,939
| +9% | +$274K |
|
1179
Invesco S&P 500 Equal Weight Materials ETF
RSPM
$183M
| $3.26M | 0.01% |
+139,625
| New | +$3.13M |
|
1180
Invesco DB Oil Fund
DBO
$403M
| $3.26M | 0.01% |
453,822
+6,098
| +1% | +$45K |
|
1181
Enphase Energy
ENPH
$4.96B
| $3.26M | 0.01% |
39,471
+3,809
| +11% | +$255K |
|
1182
Fidelity Low Volatility Factor ETF
FDLO
$1.44B
| $3.26M | 0.01% |
82,333
+3,632
| +5% | +$141K |
|
|
EHT
1183
DELISTED
Eaton Vance 2021 Target Term Trust
EHT
| $3.25M | 0.01% |
343,511
+38,665
| +13% | +$372K |
|
1184
VanEck Long/Flat Trend ETF
LFEQ
$28.3M
| $3.25M | 0.01% |
102,699
+272
| +0.3% | +$8.46K |
|
1185
RPM International
RPM
$13.7B
| $3.24M | 0.01% |
39,110
+408
| +1% | +$33.3K |
|
1186
Nuveen ESG Large-Cap Value ETF
NULV
$2.19B
| $3.24M | 0.01% |
111,301
+4,632
| +4% | +$135K |
|
1187
BlackRock Credit Allocation Income Trust
BTZ
$930M
| $3.2M | 0.01% |
225,284
+5,171
| +2% | +$72.1K |
|
1188
LyondellBasell Industries
LYB
$20B
| $3.2M | 0.01% |
45,404
-3,744
| -8% | -$259K |
|
1189
Take-Two Interactive
TTWO
$45.4B
| $3.2M | 0.01% |
19,352
+4,690
| +32% | +$762K |
|
1190
Royal Caribbean
RCL
$85.1B
| $3.19M | 0.01% |
49,281
+5,828
| +13% | +$343K |
|
1191
Adams Diversified Equity Fund
ADX
$3.13B
| $3.19M | 0.01% |
196,545
-10,661
| -5% | -$170K |
|
1192
US Foods
USFD
$22.2B
| $3.18M | 0.01% |
143,124
+8,498
| +6% | +$191K |
|
1193
Cohen & Steers Quality Income Realty Fund
RQI
$1.7B
| $3.17M | 0.01% |
285,409
+4,703
| +2% | +$52.1K |
|
|
FPF
1194
First Trust Intermediate Duration Preferred & Income Fund
FPF
$1.07B
| $3.17M | ﹤0.01% |
147,456
+8,572
| +6% | +$186K |
|
1195
Darden Restaurants
DRI
$23.3B
| $3.15M | ﹤0.01% |
31,304
+1,502
| +5% | +$125K |
|
1196
Edison International
EIX
$28.2B
| $3.15M | ﹤0.01% |
62,047
-29,384
| -32% | -$1.56M |
|
1197
Datadog
DDOG
$95.4B
| $3.15M | ﹤0.01% |
30,858
-13,674
| -31% | -$1.19M |
|
1198
Winmark
WINA
$1.2B
| $3.15M | ﹤0.01% |
18,277
+29
| +0.2% | +$4.67K |
|
1199
iShares Residential and Multisector Real Estate ETF
REZ
$879M
| $3.13M | ﹤0.01% |
51,398
-19,790
| -28% | -$1.22M |
|
1200
DXC Technology
DXC
$1.82B
| $3.13M | ﹤0.01% |
175,141
+104,344
| +147% | +$1.9M |
|
Similar funds
LPL Financial's Q3 2020 Portfolio in Review
As of Q3 2020, LPL Financial held 3,702 positions worth $64B, up 12% from $57.4B the previous quarter. Its ten largest holdings account for 21% of the portfolio.
LPL Financial deployed $2.84B of net new capital in Q3 2020, opening 233 new positions and adding to 1,921 existing holdings. Its largest new stake was Goldman Sachs Access US Aggregate Bond ETF: 1,744,998 shares worth $87M.
By sector, the portfolio is most concentrated in Technology at 6.1% of assets, up from 5.5% a quarter earlier, followed by Consumer Discretionary and Healthcare.
On the sell side, the largest reduction was iShares S&P 500 Growth ETF, an estimated $135M trimmed.
- LPL Financial's largest Q3 2020 buy was Goldman Sachs Access US Aggregate Bond ETF: 1,744,998 shares worth $87M.
- LPL Financial added most to Goldman Sachs ActiveBeta US Large Cap Equity ETF in Q3 2020, an estimated $239M increase.
- LPL Financial's biggest Q3 2020 reduction was iShares S&P 500 Growth ETF, cutting an estimated $135M.
- LPL Financial fully exited iShares iBonds Sep 2020 Term Muni Bond ETF in Q3 2020, selling an estimated $6.02M.
- LPL Financial's ten largest holdings make up 21% of its $64B portfolio in Q3 2020.
- LPL Financial opened 233 new positions and closed 157 in Q3 2020.
- LPL Financial's portfolio value rose 12% quarter-over-quarter to $64B.
Based on LPL Financial's 13F filing for Q3 2020, filed 9 Nov 2020.