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 | |
|---|---|---|---|---|---|---|
|
ZEN
1426
DELISTED
ZENDESK INC
ZEN
| $1.8M | ﹤0.01% |
23,479
+2,416
| +11% | +$177K |
|
1427
First Trust Japan AlphaDEX Fund
FJP
$242M
| $1.79M | ﹤0.01% |
35,593
-12,326
| -26% | -$619K |
|
1428
Carlyle Group
CG
$16.1B
| $1.79M | ﹤0.01% |
55,819
+2,706
| +5% | +$76.5K |
|
|
PMF
1429
DELISTED
PIMCO Municipal Income Fund
PMF
| $1.79M | ﹤0.01% |
118,553
+11,438
| +11% | +$174K |
|
1430
State Street SPDR Dow Jones International Real Estate ETF
RWX
$267M
| $1.79M | ﹤0.01% |
46,127
+803
| +2% | +$32.3K |
|
1431
VanEck Biotech ETF
BBH
$406M
| $1.79M | ﹤0.01% |
12,827
+2,444
| +24% | +$321K |
|
1432
The Mosaic Company
MOS
$7.19B
| $1.78M | ﹤0.01% |
82,393
+70,455
| +590% | +$1.4M |
|
1433
Blue Owl Capital
OBDC
$5.35B
| $1.77M | ﹤0.01% |
99,144
+29,429
| +42% | +$514K |
|
1434
SiriusXM
SIRI
$11B
| $1.77M | ﹤0.01% |
24,747
+433
| +2% | +$29.2K |
|
|
ABFL
1435
Abacus FCF Leaders ETF
ABFL
$511M
| $1.77M | ﹤0.01% |
44,965
-2,000
| -4% | -$76.3K |
|
1436
MGIC Investment
MTG
$6.47B
| $1.77M | ﹤0.01% |
124,725
-2,115
| -2% | -$29.3K |
|
1437
Thomson Reuters
TRI
$46.4B
| $1.77M | ﹤0.01% |
23,403
+9,967
| +74% | +$726K |
|
1438
Omnicom Group
OMC
$23.5B
| $1.76M | ﹤0.01% |
21,756
-920
| -4% | -$72.1K |
|
1439
Invesco California AMT-Free Municipal Bond ETF
PWZ
$1.14B
| $1.76M | ﹤0.01% |
64,397
+6,657
| +12% | +$182K |
|
|
CSML
1440
DELISTED
IndexIQ ETF Trust IQ U.S. Small Cap ETF
CSML
| $1.76M | ﹤0.01% |
64,226
-10,446
| -14% | -$275K |
|
|
COR
1441
DELISTED
Coresite Realty Corporation
COR
| $1.75M | ﹤0.01% |
15,658
+2,981
| +24% | +$345K |
|
1442
UBS Group
UBS
$170B
| $1.75M | ﹤0.01% |
139,413
+73,674
| +112% | +$876K |
|
1443
Invesco Dorsey Wright Healthcare Momentum ETF
PTH
$217M
| $1.75M | ﹤0.01% |
54,951
+93
| +0.2% | +$2.64K |
|
1444
iShares Global Comm Services ETF
IXP
$529M
| $1.75M | ﹤0.01% |
28,501
+108
| +0.4% | +$6.42K |
|
1445
Workday
WDAY
$41.5B
| $1.75M | ﹤0.01% |
10,624
-1,734
| -14% | -$288K |
|
1446
Booz Allen Hamilton
BAH
$8.44B
| $1.74M | ﹤0.01% |
24,506
+3,408
| +16% | +$243K |
|
1447
Fidelity MSCI Consumer Discretionary Index ETF
FDIS
$1.63B
| $1.74M | ﹤0.01% |
36,122
-785
| -2% | -$36.5K |
|
1448
Assured Guaranty
AGO
$3.73B
| $1.74M | ﹤0.01% |
35,527
+618
| +2% | +$29.6K |
|
1449
Under Armour
UAA
$3.01B
| $1.74M | ﹤0.01% |
80,546
-23,569
| -23% | -$458K |
|
1450
Ameriprise Financial
AMP
$47.8B
| $1.74M | ﹤0.01% |
10,440
-12
| -0.1% | -$1.86K |
|
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.