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 | |
|---|---|---|---|---|---|---|
101
Alphabet (Google) Class C
GOOG
$3.9T
| $98M | 0.2% |
1,607,920
+23,860
| +2% | +$1.41M |
|
102
Lockheed Martin
LMT
$134B
| $96.9M | 0.2% |
248,418
+6,299
| +3% | +$2.37M |
|
103
Vanguard Small-Cap Value ETF
VBR
$37.1B
| $94.1M | 0.19% |
730,491
-2,700
| -0.4% | -$346K |
|
104
iShares 7-10 Year Treasury Bond ETF
IEF
$47.1B
| $92.2M | 0.19% |
819,925
+99,751
| +14% | +$11.1M |
|
105
State Street SPDR Portfolio Intermediate Term Corporate Bond ETF
SPIB
$11.5B
| $91.8M | 0.19% |
2,602,008
+116,134
| +5% | +$4.07M |
|
106
Vanguard Long-Term Bond ETF
BLV
$5.75B
| $89.9M | 0.18% |
875,979
+43,507
| +5% | +$4.37M |
|
107
Vanguard Short-Term Corporate Bond ETF
VCSH
$44.7B
| $89.6M | 0.18% |
1,105,599
-121,922
| -10% | -$9.85M |
|
108
Vanguard S&P 500 Growth ETF
VOOG
$25.4B
| $88.7M | 0.18% |
3,291,234
-68,862
| -2% | -$1.87M |
|
109
Cisco
CSCO
$450B
| $88.3M | 0.18% |
1,787,161
+41,604
| +2% | +$2.16M |
|
110
JPMorgan Ultra-Short Income ETF
JPST
$40B
| $88M | 0.18% |
1,745,081
+384,711
| +28% | +$19.4M |
|
111
iShares US Aerospace & Defense ETF
ITA
$14.2B
| $87.2M | 0.18% |
776,498
+12,222
| +2% | +$1.34M |
|
112
Pacer Trendpilot US Large Cap ETF
PTLC
$3.24B
| $86.3M | 0.18% |
2,778,869
+39,185
| +1% | +$1.21M |
|
113
Coca-Cola
KO
$354B
| $86M | 0.18% |
1,579,080
-44,201
| -3% | -$2.37M |
|
114
First Trust Dorsey Wright Focus 5 ETF
FV
$3.61B
| $85.8M | 0.17% |
2,900,859
-60,463
| -2% | -$1.82M |
|
115
Mastercard
MA
$477B
| $84.9M | 0.17% |
312,551
+12,785
| +4% | +$3.52M |
|
116
First Trust Large Cap Core AlphaDEX Fund
FEX
$1.58B
| $82.2M | 0.17% |
1,349,997
-63,892
| -5% | -$3.9M |
|
117
iShares Global Tech ETF
IXN
$8.7B
| $81.3M | 0.17% |
2,638,482
+121,644
| +5% | +$3.7M |
|
118
PepsiCo
PEP
$186B
| $81M | 0.16% |
590,768
+20,753
| +4% | +$2.76M |
|
119
Pfizer
PFE
$140B
| $80.6M | 0.16% |
2,364,861
+264,543
| +13% | +$9.62M |
|
120
ProShares S&P 500 Dividend Aristocrats ETF
NOBL
$11.6B
| $79.3M | 0.16% |
2,214,592
+218,592
| +11% | +$7.65M |
|
121
State Street Consumer Staples Select Sector SPDR ETF
XLP
$14.2B
| $77.9M | 0.16% |
1,269,024
+111,827
| +10% | +$6.72M |
|
122
Intel
INTC
$466B
| $77.4M | 0.16% |
1,502,070
+40,989
| +3% | +$2.02M |
|
123
AbbVie
ABBV
$458B
| $76.9M | 0.16% |
1,015,714
+73,938
| +8% | +$5.07M |
|
124
Walmart Inc
WMT
$871B
| $76.1M | 0.15% |
1,923,894
+82,419
| +4% | +$3.11M |
|
125
iShares S&P Mid-Cap 400 Growth ETF
IJK
$10.8B
| $75.8M | 0.15% |
1,354,312
+290,652
| +27% | +$16.3M |
|
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.