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 | |
|---|---|---|---|---|---|---|
1376
iShares US Telecommunications ETF
IYZ
$1.16B
| $1.95M | ﹤0.01% |
65,222
+3,442
| +6% | +$101K |
|
1377
iShares ESG Aware MSCI USA ETF
ESGU
$17.5B
| $1.95M | ﹤0.01% |
27,310
+5,543
| +25% | +$377K |
|
|
CAPD
1378
DELISTED
iPath Shiller CAPE ETN
CAPD
| $1.95M | ﹤0.01% |
130,660
+2,130
| +2% | +$30.4K |
|
1379
Jones Lang LaSalle
JLL
$15.8B
| $1.95M | ﹤0.01% |
11,180
+231
| +2% | +$36.3K |
|
|
HDS
1380
DELISTED
HD Supply Holdings, Inc.
HDS
| $1.94M | ﹤0.01% |
48,317
-741
| -2% | -$29.5K |
|
|
EMD
1381
Western Asset Emerging Markets Debt Fund
EMD
$606M
| $1.94M | ﹤0.01% |
135,579
+21,010
| +18% | +$294K |
|
1382
ProShares Ultra S&P500
SSO
$7.52B
| $1.93M | ﹤0.01% |
102,576
-64,816
| -39% | -$1.12M |
|
1383
VanEck Retail ETF
RTH
$253M
| $1.93M | ﹤0.01% |
16,061
+3,553
| +28% | +$420K |
|
1384
WisdomTree Global High Dividend Fund
DEW
$148M
| $1.93M | ﹤0.01% |
39,830
+2,707
| +7% | +$128K |
|
1385
Infosys
INFY
$51B
| $1.92M | ﹤0.01% |
186,314
-14,992
| -7% | -$151K |
|
|
MTOR
1386
DELISTED
MERITOR, Inc.
MTOR
| $1.92M | ﹤0.01% |
73,415
-5,840
| -7% | -$132K |
|
1387
Cognex
CGNX
$9.62B
| $1.92M | ﹤0.01% |
34,290
-5,644
| -14% | -$292K |
|
1388
Invesco Global ex-US High Yield Corporate Bond ETF
PGHY
$222M
| $1.92M | ﹤0.01% |
84,206
-2,258
| -3% | -$51.5K |
|
1389
Verisk Analytics
VRSK
$27.9B
| $1.91M | ﹤0.01% |
12,801
+706
| +6% | +$105K |
|
1390
Invesco KBW Bank ETF
KBWB
$6.72B
| $1.91M | ﹤0.01% |
32,811
+2,552
| +8% | +$141K |
|
1391
Take-Two Interactive
TTWO
$46.1B
| $1.91M | ﹤0.01% |
15,599
+1,838
| +13% | +$224K |
|
1392
BlackRock Resources & Commodities Strategy Trust
BCX
$896M
| $1.9M | ﹤0.01% |
235,550
-16,434
| -7% | -$125K |
|
1393
ALPS Equal Sector Weight ETF
EQL
$752M
| $1.9M | ﹤0.01% |
71,301
-2,439
| -3% | -$62.7K |
|
|
LTC
1394
LTC Properties
LTC
$2.13B
| $1.9M | ﹤0.01% |
42,430
+2,403
| +6% | +$115K |
|
1395
International Flavors & Fragrances
IFF
$20.3B
| $1.9M | ﹤0.01% |
14,691
+5,837
| +66% | +$745K |
|
|
KLDW
1396
DELISTED
Knowledge Leaders Developed World ETF
KLDW
| $1.89M | ﹤0.01% |
51,695
-952
| -2% | -$33.6K |
|
1397
First Trust RiverFront Dynamic Emerging Markets ETF
RFEM
$75.3M
| $1.88M | ﹤0.01% |
29,082
-2,763
| -9% | -$169K |
|
1398
Steel Dynamics
STLD
$36.4B
| $1.88M | ﹤0.01% |
55,278
-6,335
| -10% | -$202K |
|
1399
eBay
EBAY
$51.2B
| $1.88M | ﹤0.01% |
51,970
+3,744
| +8% | +$136K |
|
|
FTF
1400
Franklin Limited Duration Income Trust
FTF
$231M
| $1.87M | ﹤0.01% |
195,250
+130,083
| +200% | +$1.22M |
|
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.