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 | |
|---|---|---|---|---|---|---|
1426
Albemarle
ALB
$13.4B
| $1.55M | ﹤0.01% |
22,271
+1,864
| +9% | +$127K |
|
1427
iShares AAA-A Rated Corporate Bond ETF
QLTA
$1.24B
| $1.55M | ﹤0.01% |
28,209
+9,011
| +47% | +$489K |
|
1428
Pacer US Small Cap Cash Cows 100 ETF
CALF
$3.75B
| $1.54M | ﹤0.01% |
62,686
+4,926
| +9% | +$116K |
|
|
COR
1429
DELISTED
Coresite Realty Corporation
COR
| $1.54M | ﹤0.01% |
12,677
+30
| +0.2% | +$3.44K |
|
1430
VanEck Long/Flat Trend ETF
LFEQ
$27.6M
| $1.54M | ﹤0.01% |
54,970
-667
| -1% | -$18.5K |
|
1431
Markel Group
MKL
$25.2B
| $1.54M | ﹤0.01% |
1,302
+24
| +2% | +$27.3K |
|
1432
Ameriprise Financial
AMP
$47.8B
| $1.54M | ﹤0.01% |
10,452
+556
| +6% | +$77.9K |
|
1433
Bruker
BRKR
$9.4B
| $1.54M | ﹤0.01% |
34,957
-2,930
| -8% | -$131K |
|
|
ZEN
1434
DELISTED
ZENDESK INC
ZEN
| $1.53M | ﹤0.01% |
21,063
+11,753
| +126% | +$968K |
|
1435
KraneShares Bosera MSCI China A 50 Connect Index ETF
KBA
$148M
| $1.53M | ﹤0.01% |
51,154
+606
| +1% | +$18.4K |
|
1436
Whirlpool
WHR
$2.49B
| $1.53M | ﹤0.01% |
9,680
-3,561
| -27% | -$511K |
|
1437
Cambria Tail Risk ETF
TAIL
$150M
| $1.53M | ﹤0.01% |
74,975
+267
| +0.4% | +$5.49K |
|
|
RPAI
1438
DELISTED
RETAIL PROPERTIES OF AMERICA, INC.
RPAI
| $1.53M | ﹤0.01% |
124,062
-28,093
| -18% | -$330K |
|
1439
Post Holdings
POST
$4.42B
| $1.53M | ﹤0.01% |
22,041
+2,035
| +10% | +$139K |
|
1440
Jones Lang LaSalle
JLL
$15.8B
| $1.52M | ﹤0.01% |
10,949
+131
| +1% | +$18.1K |
|
1441
SiriusXM
SIRI
$11B
| $1.52M | ﹤0.01% |
24,314
+2,374
| +11% | +$146K |
|
1442
State Street Ultra Short Term Bond ETF
ULST
$527M
| $1.52M | ﹤0.01% |
37,615
+1,291
| +4% | +$52.1K |
|
1443
Sinclair Inc
SBGI
$1.02B
| $1.52M | ﹤0.01% |
35,529
-1,988
| -5% | -$96.2K |
|
1444
Invesco Senior Income Trust
VVR
$456M
| $1.52M | ﹤0.01% |
361,455
+25,396
| +8% | +$107K |
|
1445
Royal Caribbean
RCL
$86.8B
| $1.51M | ﹤0.01% |
13,956
-7,912
| -36% | -$871K |
|
1446
STMicroelectronics
STM
$43.1B
| $1.51M | ﹤0.01% |
78,108
+290
| +0.4% | +$5.32K |
|
1447
Armstrong World Industries
AWI
$7.37B
| $1.51M | ﹤0.01% |
15,605
+965
| +7% | +$93K |
|
1448
iShares MSCI Emerging Markets Asia ETF
EEMA
$800M
| $1.5M | ﹤0.01% |
23,579
-17,674
| -43% | -$1.13M |
|
1449
Snap
SNAP
$7.96B
| $1.5M | ﹤0.01% |
95,142
+1,608
| +2% | +$25.7K |
|
1450
PUT
Apple
AAPL
$4.97T
| $1.5M | ﹤0.01% |
26,800
+8,000
| +43% | +$418K |
|
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.