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 | |
|---|---|---|---|---|---|---|
1326
AllianceBernstein
AB
$3.47B
| $1.81M | ﹤0.01% |
61,674
-7,014
| -10% | -$204K |
|
1327
First Trust Energy AlphaDEX Fund
FXN
$379M
| $1.81M | ﹤0.01% |
184,324
-210,119
| -53% | -$2.14M |
|
1328
iShares US Telecommunications ETF
IYZ
$1.16B
| $1.8M | ﹤0.01% |
61,780
+1,801
| +3% | +$52.8K |
|
1329
Nasdaq
NDAQ
$53.4B
| $1.8M | ﹤0.01% |
54,462
+129
| +0.2% | +$4.29K |
|
1330
Fidelity High Dividend ETF
FDVV
$10.1B
| $1.8M | ﹤0.01% |
59,663
+4,662
| +8% | +$139K |
|
1331
Zebra Technologies
ZBRA
$13.5B
| $1.8M | ﹤0.01% |
8,732
-2,188
| -20% | -$442K |
|
1332
Invesco Dorsey Wright Technology Momentum ETF
PTF
$513M
| $1.8M | ﹤0.01% |
78,771
-17,265
| -18% | -$437K |
|
1333
Eastman Chemical
EMN
$7.69B
| $1.8M | ﹤0.01% |
24,355
-4,447
| -15% | -$319K |
|
1334
Beyond Meat
BYND
$274M
| $1.8M | ﹤0.01% |
12,093
+7,604
| +169% | +$1.25M |
|
1335
ScottsMiracle-Gro
SMG
$4.09B
| $1.8M | ﹤0.01% |
17,651
+442
| +3% | +$46.3K |
|
1336
State Street SPDR Dow Jones International Real Estate ETF
RWX
$267M
| $1.79M | ﹤0.01% |
45,324
-8,906
| -16% | -$346K |
|
1337
iShares MSCI USA Equal Weighted ETF
EUSA
$1.82B
| $1.78M | ﹤0.01% |
29,934
+847
| +3% | +$50.2K |
|
1338
iShares US Small Cap Equity Factor ETF
SMLF
$4.05B
| $1.78M | ﹤0.01% |
44,732
+6,788
| +18% | +$271K |
|
1339
State Street SPDR S&P Pharmaceuticals ETF
XPH
$481M
| $1.78M | ﹤0.01% |
50,085
+1,915
| +4% | +$71.2K |
|
|
FAM
1340
DELISTED
First Trust/abrdn Global Opportunity Income Fund
FAM
| $1.78M | ﹤0.01% |
168,863
+10,750
| +7% | +$114K |
|
1341
Viatris
VTRS
$20.8B
| $1.78M | ﹤0.01% |
90,073
+26,449
| +42% | +$519K |
|
1342
AdvisorShares Ranger Equity Bear ETF
HDGE
$58.3M
| $1.78M | ﹤0.01% |
27,008
+14,229
| +111% | +$950K |
|
|
WEA
1343
Western Asset Premier Bond Fund
WEA
$123M
| $1.78M | ﹤0.01% |
125,045
+9,780
| +8% | +$136K |
|
1344
Omnicom Group
OMC
$23.5B
| $1.78M | ﹤0.01% |
22,676
+3,355
| +17% | +$266K |
|
|
KLDW
1345
DELISTED
Knowledge Leaders Developed World ETF
KLDW
| $1.78M | ﹤0.01% |
52,647
-47,692
| -48% | -$1.58M |
|
1346
MongoDB
MDB
$25.8B
| $1.77M | ﹤0.01% |
14,684
+776
| +6% | +$112K |
|
1347
Wheaton Precious Metals
WPM
$49.7B
| $1.77M | ﹤0.01% |
67,419
+4,585
| +7% | +$123K |
|
|
CAPD
1348
DELISTED
iPath Shiller CAPE ETN
CAPD
| $1.77M | ﹤0.01% |
128,530
+7,010
| +6% | +$96.2K |
|
1349
Nuveen ESG Small-Cap ETF
NUSC
$1.27B
| $1.75M | ﹤0.01% |
59,902
+11,102
| +23% | +$325K |
|
1350
ProShares Ultra QQQ
QLD
$11.7B
| $1.75M | ﹤0.01% |
144,928
+15,496
| +12% | +$190K |
|
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.