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 | |
|---|---|---|---|---|---|---|
1226
Workday
WDAY
$41.5B
| $2.1M | ﹤0.01% |
12,358
-1,557
| -11% | -$301K |
|
|
FLC
1227
Flaherty & Crumrine Total Return Fund
FLC
$173M
| $2.1M | ﹤0.01% |
93,507
+4,644
| +5% | +$99K |
|
1228
iShares Core 10+ Year USD Bond ETF
ILTB
$594M
| $2.1M | ﹤0.01% |
30,210
+17,105
| +131% | +$1.16M |
|
1229
ALPS Strategic Income Fund
RIGS
$60.5M
| $2.09M | ﹤0.01% |
84,106
+30,271
| +56% | +$752K |
|
1230
BlackRock Corporate High Yield Fund
HYT
$1.35B
| $2.08M | ﹤0.01% |
193,945
+13,226
| +7% | +$141K |
|
1231
BlackRock Income Trust
BKT
$331M
| $2.08M | ﹤0.01% |
114,238
+3,731
| +3% | +$67.6K |
|
|
PARA
1232
DELISTED
Paramount Global Class B
PARA
| $2.08M | ﹤0.01% |
51,627
-3,120
| -6% | -$146K |
|
1233
First Trust Materials AlphaDEX Fund
FXZ
$366M
| $2.08M | ﹤0.01% |
55,838
-6,471
| -10% | -$239K |
|
1234
iShares Europe ETF
IEV
$1.64B
| $2.08M | ﹤0.01% |
47,988
-4,169
| -8% | -$179K |
|
1235
Under Armour
UAA
$3.01B
| $2.08M | ﹤0.01% |
104,115
-3,922
| -4% | -$86.5K |
|
|
PCN
1236
PIMCO Corporate & Income Strategy Fund
PCN
$864M
| $2.06M | ﹤0.01% |
112,530
+2,442
| +2% | +$43.5K |
|
|
LTC
1237
LTC Properties
LTC
$2.13B
| $2.05M | ﹤0.01% |
40,027
-69
| -0.2% | -$3.33K |
|
1238
FlexShares iBoxx 3-Year Target Duration TIPS Index Fund
TDTT
$2.54B
| $2.05M | ﹤0.01% |
83,357
+4,631
| +6% | +$114K |
|
1239
Atmos Energy
ATO
$29.7B
| $2.05M | ﹤0.01% |
17,993
+507
| +3% | +$55.4K |
|
|
GER
1240
DELISTED
Goldman Sachs MLP Energy Renaissance Fund
GER
| $2.04M | ﹤0.01% |
47,150
+1,708
| +4% | +$77.6K |
|
1241
Core Alternative Capital
CCOR
$28.3M
| $2.04M | ﹤0.01% |
74,807
+53,583
| +252% | +$1.47M |
|
1242
Masco
MAS
$14.6B
| $2.03M | ﹤0.01% |
48,633
-1,477
| -3% | -$59.2K |
|
|
FEN
1243
DELISTED
First Trust Energy Income and Growth Fund
FEN
| $2.02M | ﹤0.01% |
89,293
+4,670
| +6% | +$102K |
|
1244
Wolfspeed
WOLF
$1.04B
| $2M | ﹤0.01% |
40,925
+2,337
| +6% | +$127K |
|
|
TRPA
1245
Hartford AAA CLO ETF
TRPA
$103M
| $2M | ﹤0.01% |
49,065
+16,760
| +52% | +$685K |
|
1246
Toro Company
TTC
$8.79B
| $2M | ﹤0.01% |
27,247
-236
| -0.9% | -$16.9K |
|
|
BXMX
1247
DELISTED
Nuveen S&P 500 Buy-Write Income Fund
BXMX
| $2M | ﹤0.01% |
152,641
+13,009
| +9% | +$170K |
|
1248
Lincoln National
LNC
$7.92B
| $1.99M | ﹤0.01% |
33,018
-4,352
| -12% | -$260K |
|
|
ACB
1249
Aurora Cannabis
ACB
$169M
| $1.99M | ﹤0.01% |
3,780
+430
| +13% | +$319K |
|
1250
First Trust Dow 30 Equal Weight ETF
EDOW
$313M
| $1.99M | ﹤0.01% |
81,174
+60,553
| +294% | +$1.48M |
|
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.