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 | |
|---|---|---|---|---|---|---|
1351
Fortinet
FTNT
$112B
| $1.75M | ﹤0.01% |
113,780
-12,535
| -10% | -$203K |
|
1352
Fidelity MSCI Industrials Index ETF
FIDU
$2.26B
| $1.75M | ﹤0.01% |
43,785
+17,748
| +68% | +$699K |
|
|
ABFL
1353
Abacus FCF Leaders ETF
ABFL
$511M
| $1.75M | ﹤0.01% |
46,965
-1,000
| -2% | -$37.4K |
|
|
TWO
1354
Two Harbors Investment
TWO
$1.27B
| $1.74M | ﹤0.01% |
33,152
+1,966
| +6% | +$104K |
|
|
FITB
1355
Fifth Third Bancorp
FITB
$51.3B
| $1.74M | ﹤0.01% |
63,408
+3,361
| +6% | +$92.2K |
|
1356
NetApp
NTAP
$33.9B
| $1.73M | ﹤0.01% |
32,974
+15,025
| +84% | +$806K |
|
1357
Textron
TXT
$14.9B
| $1.73M | ﹤0.01% |
35,342
-718
| -2% | -$35K |
|
1358
Take-Two Interactive
TTWO
$46.1B
| $1.73M | ﹤0.01% |
13,761
+1,775
| +15% | +$221K |
|
1359
Invesco Variable Rate Investment Grade ETF
VRIG
$1.8B
| $1.72M | ﹤0.01% |
69,034
-7,152
| -9% | -$178K |
|
|
UFOX
1360
Defiance Space and Connective Tech ETF
UFOX
$795M
| $1.72M | ﹤0.01% |
+70,211
| New | +$1.71M |
|
1361
ASML
ASML
$596B
| $1.72M | ﹤0.01% |
6,904
-205
| -3% | -$46.2K |
|
1362
Nutrien
NTR
$33.9B
| $1.71M | ﹤0.01% |
34,361
+736
| +2% | +$37.6K |
|
1363
WisdomTree Global High Dividend Fund
DEW
$148M
| $1.71M | ﹤0.01% |
37,123
-3,466
| -9% | -$159K |
|
1364
Invesco S&P SmallCap Utilities & Communication Services ETF
PSCU
$17.5M
| $1.7M | ﹤0.01% |
32,234
+2,465
| +8% | +$130K |
|
1365
iShares MSCI Canada ETF
EWC
$6.12B
| $1.7M | ﹤0.01% |
58,710
+1,317
| +2% | +$37.5K |
|
1366
iShares International Treasury Bond ETF
IGOV
$1.51B
| $1.7M | ﹤0.01% |
33,602
+835
| +3% | +$42.4K |
|
1367
UGI
UGI
$7.87B
| $1.7M | ﹤0.01% |
33,730
+22,679
| +205% | +$1.13M |
|
1368
ResMed
RMD
$31.1B
| $1.69M | ﹤0.01% |
12,506
+3,113
| +33% | +$408K |
|
1369
Fidelity MSCI Consumer Discretionary Index ETF
FDIS
$1.63B
| $1.69M | ﹤0.01% |
36,907
-11,069
| -23% | -$509K |
|
1370
First Solar
FSLR
$21.4B
| $1.69M | ﹤0.01% |
29,122
-1,147
| -4% | -$73.5K |
|
1371
iShares MSCI Netherlands ETF
EWN
$552M
| $1.69M | ﹤0.01% |
53,803
-82,309
| -60% | -$2.54M |
|
1372
WEX
WEX
$6.42B
| $1.69M | ﹤0.01% |
8,351
-331
| -4% | -$68.6K |
|
1373
Invesco Value Municipal Income Trust
IIM
$585M
| $1.68M | ﹤0.01% |
109,552
+2,049
| +2% | +$31.4K |
|
1374
State Street SPDR S&P China ETF
GXC
$456M
| $1.68M | ﹤0.01% |
18,639
-6,316
| -25% | -$584K |
|
1375
Hercules Capital
HTGC
$2.99B
| $1.68M | ﹤0.01% |
125,651
+3,372
| +3% | +$44K |
|
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.