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 | |
|---|---|---|---|---|---|---|
|
KSU
1201
DELISTED
Kansas City Southern
KSU
| $2.19M | ﹤0.01% |
16,467
+1,397
| +9% | +$174K |
|
1202
Brookfield
BN
$102B
| $2.19M | ﹤0.01% |
115,562
+37,688
| +48% | +$682K |
|
1203
Brown-Forman Class A
BF.A
$13.7B
| $2.19M | ﹤0.01% |
36,627
+6,195
| +20% | +$353K |
|
1204
Expedia Group
EXPE
$36.5B
| $2.17M | ﹤0.01% |
16,183
+2,647
| +20% | +$350K |
|
1205
Invesco S&P 500 Equal Weight Industrials ETF
RSPN
$1.07B
| $2.17M | ﹤0.01% |
86,005
-310
| -0.4% | -$7.73K |
|
1206
CMS Energy
CMS
$23B
| $2.17M | ﹤0.01% |
33,981
+6,350
| +23% | +$386K |
|
|
CHL
1207
DELISTED
China Mobile Limited
CHL
| $2.17M | ﹤0.01% |
52,465
+5,933
| +13% | +$253K |
|
|
SUM
1208
DELISTED
Summit Materials, Inc. Class A Common Stock
SUM
| $2.17M | ﹤0.01% |
99,459
-1,202
| -1% | -$23.7K |
|
1209
Under Armour Class C
UA
$2.95B
| $2.17M | ﹤0.01% |
119,613
-26,894
| -18% | -$530K |
|
1210
Teledyne Technologies
TDY
$29.2B
| $2.17M | ﹤0.01% |
6,729
+1,920
| +40% | +$573K |
|
1211
iShares GSCI Commodity Dynamic Roll Strategy ETF
COMT
$1.19B
| $2.16M | ﹤0.01% |
68,511
-4,345
| -6% | -$138K |
|
|
ZF
1212
DELISTED
Virtus Total Return Fund Inc.
ZF
| $2.16M | ﹤0.01% |
191,796
+4,046
| +2% | +$43.9K |
|
1213
iShares ESG Aware MSCI EM ETF
ESGE
$6.27B
| $2.16M | ﹤0.01% |
66,374
+14,208
| +27% | +$467K |
|
1214
Etsy
ETSY
$8.12B
| $2.16M | ﹤0.01% |
38,209
-16,454
| -30% | -$968K |
|
1215
Synopsys
SNPS
$71.6B
| $2.15M | ﹤0.01% |
15,631
-2,635
| -14% | -$356K |
|
|
XRLV
1216
DELISTED
Invesco S&P 500 ex-Rate Sensitive Low Volatility ETF
XRLV
| $2.14M | ﹤0.01% |
54,276
-3,506
| -6% | -$136K |
|
|
DISH
1217
DELISTED
DISH Network Corp.
DISH
| $2.14M | ﹤0.01% |
62,824
-3,863
| -6% | -$138K |
|
1218
iShares MSCI Brazil Small-Cap ETF
EWZS
$228M
| $2.13M | ﹤0.01% |
123,843
+5,417
| +5% | +$94.6K |
|
1219
Williams-Sonoma
WSM
$27.5B
| $2.13M | ﹤0.01% |
62,682
-34,764
| -36% | -$1.15M |
|
1220
Steris
STE
$22.9B
| $2.13M | ﹤0.01% |
14,718
-60
| -0.4% | -$8.96K |
|
1221
Nuveen ESG US Aggregate Bond ETF
NUBD
$464M
| $2.12M | ﹤0.01% |
82,436
+18,275
| +28% | +$468K |
|
1222
iShares MSCI Pacific ex Japan ETF
EPP
$2.21B
| $2.12M | ﹤0.01% |
47,354
+10,446
| +28% | +$476K |
|
1223
T-Mobile US
TMUS
$195B
| $2.1M | ﹤0.01% |
26,706
-245
| -0.9% | -$19.2K |
|
1224
Global X Silver Miners ETF NEW
SIL
$3.93B
| $2.1M | ﹤0.01% |
74,801
+45,726
| +157% | +$1.32M |
|
1225
Schwab Short-Term US Treasury ETF
SCHO
$12.8B
| $2.1M | ﹤0.01% |
83,034
+3,472
| +4% | +$87.8K |
|
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.