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 | |
|---|---|---|---|---|---|---|
1451
iShares North American Natural Resources ETF
IGE
$733M
| $1.5M | ﹤0.01% |
51,537
+1,937
| +4% | +$57K |
|
1452
Jack Henry & Associates
JKHY
$11.4B
| $1.5M | ﹤0.01% |
10,269
+496
| +5% | +$70.3K |
|
1453
Booz Allen Hamilton
BAH
$8.44B
| $1.5M | ﹤0.01% |
21,098
+11,418
| +118% | +$808K |
|
1454
EPAM Systems
EPAM
$5.58B
| $1.5M | ﹤0.01% |
8,207
+533
| +7% | +$100K |
|
1455
Chemed
CHE
$7.16B
| $1.5M | ﹤0.01% |
3,579
+2,813
| +367% | +$1.15M |
|
1456
Gabelli Dividend & Income Trust
GDV
$2.59B
| $1.5M | ﹤0.01% |
69,509
-2,018
| -3% | -$43.1K |
|
1457
LPL Financial
LPLA
$27B
| $1.49M | ﹤0.01% |
18,245
+421
| +2% | +$33.7K |
|
1458
iShares Intermediate Government/Credit Bond ETF
GVI
$3.78B
| $1.49M | ﹤0.01% |
13,186
+1,322
| +11% | +$149K |
|
1459
iShares Global Financials ETF
IXG
$669M
| $1.49M | ﹤0.01% |
23,276
-968
| -4% | -$60.9K |
|
1460
Invesco Golden Dragon China ETF
PGJ
$96.3M
| $1.49M | ﹤0.01% |
41,882
-5,398
| -11% | -$197K |
|
1461
Teladoc Health
TDOC
$1.66B
| $1.49M | ﹤0.01% |
22,014
-4,415
| -17% | -$291K |
|
1462
Leidos
LDOS
$14.4B
| $1.49M | ﹤0.01% |
17,353
+10,559
| +155% | +$885K |
|
|
DRE
1463
DELISTED
Duke Realty Corp.
DRE
| $1.49M | ﹤0.01% |
43,768
+3,750
| +9% | +$124K |
|
1464
Boston Beer
SAM
$1.95B
| $1.48M | ﹤0.01% |
4,073
-2,308
| -36% | -$907K |
|
1465
Dell
DELL
$239B
| $1.48M | ﹤0.01% |
56,363
-3,721
| -6% | -$98.6K |
|
1466
First Trust Indxx NextG ETF
NXTG
$523M
| $1.48M | ﹤0.01% |
29,341
+6,697
| +30% | +$334K |
|
1467
Janus Henderson Small Cap Growth Alpha ETF
JSML
$355M
| $1.48M | ﹤0.01% |
35,110
+6,576
| +23% | +$280K |
|
1468
Nuveen ESG International Developed Markets Equity ETF
NUDM
$689M
| $1.47M | ﹤0.01% |
57,009
+8,044
| +16% | +$204K |
|
1469
Pultegroup
PHM
$25.2B
| $1.47M | ﹤0.01% |
40,242
+4,099
| +11% | +$136K |
|
|
MTOR
1470
DELISTED
MERITOR, Inc.
MTOR
| $1.47M | ﹤0.01% |
79,255
-2,249
| -3% | -$45.6K |
|
1471
State Street SPDR S&P Global Natural Resources ETF
GNR
$4.75B
| $1.47M | ﹤0.01% |
34,016
-1,235
| -4% | -$53.7K |
|
1472
BlackRock Core Bond Trust
BHK
$644M
| $1.46M | ﹤0.01% |
101,078
+4,884
| +5% | +$69.9K |
|
1473
First Trust Exchange-Traded Fund II First Trust International Equity Opportunities ETF
FPXI
$261M
| $1.46M | ﹤0.01% |
40,154
+5,360
| +15% | +$200K |
|
1474
Invesco S&P Spin-Off ETF
CSD
$219M
| $1.46M | ﹤0.01% |
31,401
+1,926
| +7% | +$91.1K |
|
|
ABB
1475
DELISTED
ABB Ltd
ABB
| $1.45M | ﹤0.01% |
73,916
+7,064
| +11% | +$135K |
|
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.