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 | |
|---|---|---|---|---|---|---|
|
ATAXZ
1226
DELISTED
AMERICA FIRST TAX EXEMT INV LP
ATAXZ
| $2.42M | ﹤0.01% |
314,939
+31,324
| +11% | +$241K |
|
1227
FlexShares Credit-Scored US Long Corporate Bond Index Fund
LKOR
$30.1M
| $2.42M | ﹤0.01% |
41,858
+1,992
| +5% | +$115K |
|
1228
EPR Properties
EPR
$4.89B
| $2.42M | ﹤0.01% |
34,269
-487
| -1% | -$35.9K |
|
1229
BlackRock Corporate High Yield Fund
HYT
$1.35B
| $2.42M | ﹤0.01% |
216,183
+22,238
| +11% | +$245K |
|
1230
Acadia Pharmaceuticals
ACAD
$4.51B
| $2.42M | ﹤0.01% |
56,567
+3,331
| +6% | +$145K |
|
1231
OGE Energy
OGE
$9.86B
| $2.42M | ﹤0.01% |
54,429
+4,895
| +10% | +$211K |
|
|
NS
1232
DELISTED
NuStar Energy L.P.
NS
| $2.42M | ﹤0.01% |
93,547
+8,600
| +10% | +$239K |
|
|
VAR
1233
DELISTED
Varian Medical Systems, Inc.
VAR
| $2.41M | ﹤0.01% |
16,938
-3,954
| -19% | -$504K |
|
1234
Toro Company
TTC
$8.79B
| $2.4M | ﹤0.01% |
30,186
+2,939
| +11% | +$225K |
|
1235
VanEck Short High Yield Muni ETF
SHYD
$452M
| $2.4M | ﹤0.01% |
95,128
-16,985
| -15% | -$427K |
|
1236
iShares Global Energy ETF
IXC
$2.75B
| $2.4M | ﹤0.01% |
77,688
-19,192
| -20% | -$588K |
|
1237
Cleveland-Cliffs
CLF
$6.49B
| $2.39M | ﹤0.01% |
284,940
+31,678
| +13% | +$243K |
|
|
TVRD
1238
Tvardi Therapeutics
TVRD
$20.1M
| $2.39M | ﹤0.01% |
4,122
+332
| +9% | +$233K |
|
1239
C.H. Robinson
CHRW
$20.5B
| $2.39M | ﹤0.01% |
30,513
-4,318
| -12% | -$344K |
|
1240
Azenta
AZTA
$1.3B
| $2.38M | ﹤0.01% |
56,554
+41,217
| +269% | +$1.73M |
|
|
BFIN
1241
DELISTED
BankFinancial
BFIN
| $2.38M | ﹤0.01% |
181,647
-4,377
| -2% | -$57K |
|
1242
Invesco Dorsey Wright Consumer Staples Momentum ETF
PSL
$86.2M
| $2.38M | ﹤0.01% |
32,063
-24,344
| -43% | -$1.75M |
|
1243
Nuveen Core Equity Alpha Fund
JCE
$273M
| $2.37M | ﹤0.01% |
162,349
-48,787
| -23% | -$704K |
|
1244
Invesco Bloomberg MVP Multi-factor ETF
BMVP
$105M
| $2.37M | ﹤0.01% |
71,964
-5,472
| -7% | -$176K |
|
1245
Magna International
MGA
$18.8B
| $2.37M | ﹤0.01% |
43,164
-1,928
| -4% | -$105K |
|
1246
Fidelity National Financial
FNF
$14.4B
| $2.36M | ﹤0.01% |
54,217
-4,559
| -8% | -$202K |
|
1247
Emcor
EME
$29.9B
| $2.36M | ﹤0.01% |
27,387
+22,796
| +497% | +$2.01M |
|
|
BKI
1248
DELISTED
Black Knight, Inc. Common Stock
BKI
| $2.36M | ﹤0.01% |
36,637
+122
| +0.3% | +$7.55K |
|
1249
RLI Corp
RLI
$6.02B
| $2.36M | ﹤0.01% |
52,340
+2,766
| +6% | +$130K |
|
1250
iShares MSCI Poland ETF
EPOL
$680M
| $2.35M | ﹤0.01% |
111,679
-1,841
| -2% | -$39.2K |
|
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.