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 | |
|---|---|---|---|---|---|---|
|
PFPT
1201
DELISTED
Proofpoint, Inc.
PFPT
| $2.54M | ﹤0.01% |
22,109
+3,751
| +20% | +$447K |
|
1202
Fortinet
FTNT
$112B
| $2.54M | ﹤0.01% |
118,815
+5,035
| +4% | +$94.8K |
|
|
SNLN
1203
DELISTED
Highland/iBoxx Senior Loan ETF
SNLN
| $2.52M | ﹤0.01% |
143,732
+53,256
| +59% | +$927K |
|
|
ATCO
1204
DELISTED
Atlas Corp.
ATCO
| $2.52M | ﹤0.01% |
177,266
+2,360
| +1% | +$28.2K |
|
1205
iShares Core 10+ Year USD Bond ETF
ILTB
$594M
| $2.52M | ﹤0.01% |
36,969
+6,759
| +22% | +$463K |
|
1206
Fidelity MSCI Energy Index ETF
FENY
$1.97B
| $2.51M | ﹤0.01% |
157,036
+5,776
| +4% | +$90.6K |
|
|
LADR
1207
Ladder Capital
LADR
$1.24B
| $2.5M | ﹤0.01% |
138,757
+85,031
| +158% | +$1.47M |
|
|
FM
1208
DELISTED
iShares Frontier and Select EM ETF
FM
| $2.49M | ﹤0.01% |
82,179
-4,849
| -6% | -$140K |
|
1209
Ametek
AME
$53.9B
| $2.49M | ﹤0.01% |
24,974
+3,835
| +18% | +$363K |
|
1210
Xtrackers Harvest CSI 300 China A-Shares ETF
ASHR
$1.53B
| $2.48M | ﹤0.01% |
83,841
+23,350
| +39% | +$658K |
|
1211
Ameren
AEE
$30.4B
| $2.48M | ﹤0.01% |
32,338
-6,988
| -18% | -$531K |
|
|
FEI
1212
DELISTED
FIRST TRUST MLP AND ENERGY INCOME FUND
FEI
| $2.48M | ﹤0.01% |
208,049
+46,928
| +29% | +$521K |
|
1213
Xtrackers Municipal Infrastructure Revenue Bond ETF
RVNU
$142M
| $2.48M | ﹤0.01% |
88,100
+4,650
| +6% | +$131K |
|
1214
Fidelity MSCI Financials Index ETF
FNCL
$2.37B
| $2.48M | ﹤0.01% |
55,795
-1,206
| -2% | -$51.2K |
|
1215
State Street SPDR S&P Oil & Gas Exploration & Production ETF
XOP
$3.54B
| $2.46M | ﹤0.01% |
25,936
-289
| -1% | -$25.1K |
|
1216
iShares AAA-A Rated Corporate Bond ETF
QLTA
$1.24B
| $2.46M | ﹤0.01% |
44,972
+16,763
| +59% | +$916K |
|
1217
Monolithic Power Systems
MPWR
$61.4B
| $2.46M | ﹤0.01% |
13,794
+1,061
| +8% | +$169K |
|
|
CONE
1218
DELISTED
CyrusOne Inc Common Stock
CONE
| $2.45M | ﹤0.01% |
37,472
+6,263
| +20% | +$430K |
|
1219
Royal Bank of Canada
RY
$287B
| $2.45M | ﹤0.01% |
30,903
+879
| +3% | +$70.8K |
|
|
STZ.B
1220
DELISTED
CONSTELLATION BRANDS, INC. CLASS B
STZ.B
| $2.44M | ﹤0.01% |
12,935
| – | – |
|
1221
AllianceBernstein
AB
$3.47B
| $2.44M | ﹤0.01% |
80,580
+18,906
| +31% | +$551K |
|
1222
CMS Energy
CMS
$23B
| $2.44M | ﹤0.01% |
38,771
+4,790
| +14% | +$299K |
|
1223
Lyft
LYFT
$5.86B
| $2.43M | ﹤0.01% |
56,568
+38,427
| +212% | +$1.68M |
|
1224
iShares MSCI Brazil Small-Cap ETF
EWZS
$228M
| $2.43M | ﹤0.01% |
114,216
-9,627
| -8% | -$177K |
|
1225
Nice
NICE
$6.15B
| $2.43M | ﹤0.01% |
15,653
+2,858
| +22% | +$436K |
|
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.