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 |
Goldman Sachs ActiveBeta US Large Cap Equity ETF
GSLC
|
+$239M |
| 2 |
iShares Core S&P 500 ETF
IVV
|
+$94.9M |
| 3 |
Goldman Sachs Access US Aggregate Bond ETF
GCOR
|
+$87.2M |
| 4 |
Goldman Sachs ActiveBeta International Equity ETF
GSIE
|
+$85.4M |
| 5 |
Apple
AAPL
|
+$81.6M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
iShares S&P 500 Growth ETF
IVW
|
+$135M |
| 2 |
Vanguard Morningstar Total Stock Market ETF
VTI
|
+$117M |
| 3 |
iShares S&P 500 Value ETF
IVE
|
+$108M |
| 4 |
iShares Core MSCI Emerging Markets ETF
IEMG
|
+$81.2M |
| 5 |
iShares Core MSCI EAFE ETF
IEFA
|
+$57.5M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 6.1% |
| 2 | Consumer Discretionary | 3.02% |
| 3 | Healthcare | 2.68% |
| 4 | Financials | 2.54% |
| 5 | Communication Services | 2.3% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
1226
PACCAR
PCAR
$69.8B
| $3.02M | ﹤0.01% |
53,076
+5,838
| +12% | +$327K |
|
1227
Invesco Investment Grade Defensive ETF
IIGD
$26.7M
| $3.01M | ﹤0.01% |
109,994
+71,671
| +187% | +$1.96M |
|
1228
Global X US Preferred ETF
PFFD
$2.15B
| $3.01M | ﹤0.01% |
121,468
+58,273
| +92% | +$1.43M |
|
1229
Nuveen Preferred & Income Opportunities Fund
JPC
$2.89B
| $3.01M | ﹤0.01% |
354,160
+6,973
| +2% | +$60K |
|
1230
iShares MSCI ACWI ex US ETF
ACWX
$11.5B
| $3M | ﹤0.01% |
65,347
+10,555
| +19% | +$486K |
|
1231
KeyCorp
KEY
$24.2B
| $3M | ﹤0.01% |
251,922
-2,389
| -0.9% | -$29.1K |
|
1232
State Street SPDR MSCI Emerging Markets StrategicFactors ETF
QEMM
$54.5M
| $3M | ﹤0.01% |
53,141
+13,097
| +33% | +$742K |
|
1233
International Flavors & Fragrances
IFF
$20.2B
| $2.99M | ﹤0.01% |
24,449
+2,710
| +12% | +$337K |
|
1234
HCM Defender 500 Index ETF
LGH
$575M
| $2.98M | ﹤0.01% |
104,068
+2,361
| +2% | +$65.7K |
|
1235
iShares US Pharmaceuticals ETF
IHE
$1.46B
| $2.98M | ﹤0.01% |
54,708
+756
| +1% | +$40.8K |
|
1236
State Street SPDR S&P Telecom ETF
XTL
$567M
| $2.98M | ﹤0.01% |
44,115
+19,924
| +82% | +$1.44M |
|
1237
Invesco International Dividend Achievers ETF
PID
$926M
| $2.98M | ﹤0.01% |
234,607
-7,318
| -3% | -$94.8K |
|
1238
Principal Financial Group
PFG
$24.3B
| $2.97M | ﹤0.01% |
73,756
+16,905
| +30% | +$721K |
|
|
COUP
1239
DELISTED
Coupa Software Incorporated
COUP
| $2.97M | ﹤0.01% |
10,816
+3,405
| +46% | +$993K |
|
1240
United Airlines
UAL
$39.4B
| $2.96M | ﹤0.01% |
85,236
-34,805
| -29% | -$1.2M |
|
1241
Maximus
MMS
$3.17B
| $2.96M | ﹤0.01% |
+43,276
| New | +$3.18M |
|
1242
Vanguard S&P Mid-Cap 400 Growth ETF
IVOG
$1.62B
| $2.95M | ﹤0.01% |
39,544
+5,024
| +15% | +$371K |
|
1243
Reaves Utility Income Fund
UTG
$3.54B
| $2.94M | ﹤0.01% |
93,802
+4,173
| +5% | +$131K |
|
1244
Invesco S&P 500 Pure Value ETF
RPV
$1.65B
| $2.93M | ﹤0.01% |
59,751
-3,956
| -6% | -$197K |
|
1245
Invesco
IVZ
$13.1B
| $2.92M | ﹤0.01% |
256,139
+18,957
| +8% | +$201K |
|
1246
Teradyne
TER
$57.6B
| $2.92M | ﹤0.01% |
36,780
+11,842
| +47% | +$1M |
|
1247
Arista Networks
ANET
$227B
| $2.92M | ﹤0.01% |
225,552
-2,096
| -0.9% | -$28.8K |
|
1248
Chewy
CHWY
$9.25B
| $2.92M | ﹤0.01% |
53,157
+33,012
| +164% | +$1.78M |
|
1249
CenterPoint Energy
CNP
$27.7B
| $2.91M | ﹤0.01% |
150,362
+4,615
| +3% | +$90.5K |
|
1250
FlexShares Credit-Scored US Long Corporate Bond Index Fund
LKOR
$30.1M
| $2.9M | ﹤0.01% |
46,706
| – | – |
|
Similar funds
LPL Financial's Q3 2020 Portfolio in Review
As of Q3 2020, LPL Financial held 3,702 positions worth $64B, up 12% from $57.4B the previous quarter. Its ten largest holdings account for 21% of the portfolio.
LPL Financial deployed $2.84B of net new capital in Q3 2020, opening 233 new positions and adding to 1,921 existing holdings. Its largest new stake was Goldman Sachs Access US Aggregate Bond ETF: 1,744,998 shares worth $87M.
By sector, the portfolio is most concentrated in Technology at 6.1% of assets, up from 5.5% a quarter earlier, followed by Consumer Discretionary and Healthcare.
On the sell side, the largest reduction was iShares S&P 500 Growth ETF, an estimated $135M trimmed.
- LPL Financial's largest Q3 2020 buy was Goldman Sachs Access US Aggregate Bond ETF: 1,744,998 shares worth $87M.
- LPL Financial added most to Goldman Sachs ActiveBeta US Large Cap Equity ETF in Q3 2020, an estimated $239M increase.
- LPL Financial's biggest Q3 2020 reduction was iShares S&P 500 Growth ETF, cutting an estimated $135M.
- LPL Financial fully exited iShares iBonds Sep 2020 Term Muni Bond ETF in Q3 2020, selling an estimated $6.02M.
- LPL Financial's ten largest holdings make up 21% of its $64B portfolio in Q3 2020.
- LPL Financial opened 233 new positions and closed 157 in Q3 2020.
- LPL Financial's portfolio value rose 12% quarter-over-quarter to $64B.
Based on LPL Financial's 13F filing for Q3 2020, filed 9 Nov 2020.