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 Morningstar 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 | |
|---|---|---|---|---|---|---|
|
PPLI
1451
People Inc
PPLI
$3.12B
| $1.74M | ﹤0.01% |
39,017
-37,573
| -49% | -$1.51M |
|
1452
iShares MSCI Intl Value Factor ETF
IVLU
$4.32B
| $1.74M | ﹤0.01% |
71,243
+14,216
| +25% | +$339K |
|
1453
State Street SPDR S&P Emerging Asia Pacific ETF
GMF
$410M
| $1.74M | ﹤0.01% |
16,779
+14,319
| +582% | +$1.41M |
|
1454
Park Hotels & Resorts
PK
$3.08B
| $1.73M | ﹤0.01% |
+67,022
| New | +$1.6M |
|
1455
Lincoln National
LNC
$7.92B
| $1.73M | ﹤0.01% |
29,367
-3,651
| -11% | -$215K |
|
1456
Reliance Steel & Aluminium
RS
$20.6B
| $1.73M | ﹤0.01% |
14,481
+408
| +3% | +$46.2K |
|
1457
UGI
UGI
$7.87B
| $1.73M | ﹤0.01% |
38,299
+4,569
| +14% | +$209K |
|
1458
First Solar
FSLR
$21.4B
| $1.73M | ﹤0.01% |
30,889
+1,767
| +6% | +$97K |
|
1459
Invesco S&P 500 High Beta ETF
SPHB
$934M
| $1.73M | ﹤0.01% |
37,018
+13,464
| +57% | +$585K |
|
|
XHR
1460
Xenia Hotels & Resorts
XHR
$2.01B
| $1.73M | ﹤0.01% |
79,931
-8,088
| -9% | -$171K |
|
1461
PG&E
PCG
$39B
| $1.71M | ﹤0.01% |
157,706
+45,507
| +41% | +$390K |
|
1462
LPL Financial
LPLA
$27B
| $1.71M | ﹤0.01% |
18,562
+317
| +2% | +$27.2K |
|
1463
Invesco MSCI Global Timber ETF
CUT
$32.8M
| $1.71M | ﹤0.01% |
59,076
+39,227
| +198% | +$1.1M |
|
1464
HSBC
HSBC
$352B
| $1.71M | ﹤0.01% |
43,699
+7,056
| +19% | +$268K |
|
|
DNKN
1465
DELISTED
Dunkin' Brands Group, Inc.
DNKN
| $1.71M | ﹤0.01% |
22,604
+6,492
| +40% | +$491K |
|
|
FMK
1466
DELISTED
First Trust Mega Cap AlphaDEX Fund
FMK
| $1.7M | ﹤0.01% |
44,339
+113
| +0.3% | +$4.19K |
|
1467
State Street SPDR S&P Telecom ETF
XTL
$543M
| $1.7M | ﹤0.01% |
24,253
+5,942
| +32% | +$403K |
|
1468
Parker-Hannifin
PH
$120B
| $1.69M | ﹤0.01% |
8,205
+3,282
| +67% | +$636K |
|
1469
Invesco Value Municipal Income Trust
IIM
$585M
| $1.69M | ﹤0.01% |
110,087
+535
| +0.5% | +$8.25K |
|
1470
iShares MSCI Emerging Markets Asia ETF
EEMA
$800M
| $1.69M | ﹤0.01% |
23,816
+237
| +1% | +$15.9K |
|
1471
First Trust Energy AlphaDEX Fund
FXN
$379M
| $1.68M | ﹤0.01% |
159,306
-25,018
| -14% | -$241K |
|
1472
ProShares Investment Grade-Interest Rate Hedged
IGHG
$329M
| $1.68M | ﹤0.01% |
21,766
+321
| +1% | +$24.3K |
|
1473
Lennar Class A
LEN
$20.4B
| $1.68M | ﹤0.01% |
31,104
+13,030
| +72% | +$743K |
|
|
SOLN
1474
DELISTED
The Southern Company
SOLN
| $1.68M | ﹤0.01% |
31,350
+25,450
| +431% | +$1.35M |
|
1475
Advanced Energy
AEIS
$10.1B
| $1.68M | ﹤0.01% |
23,564
+11,602
| +97% | +$722K |
|
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.