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 | |
|---|---|---|---|---|---|---|
126
First Trust Preferred Securities and Income ETF
FPE
$6.32B
| $72.8M | 0.15% |
3,689,613
+517,878
| +16% | +$10.2M |
|
127
Costco
COST
$421B
| $72.7M | 0.15% |
252,265
+9,564
| +4% | +$2.69M |
|
128
Vanguard Mega Cap Growth ETF
MGK
$31.7B
| $70.5M | 0.14% |
2,655,365
+37,590
| +1% | +$994K |
|
129
iShares Gold Trust
IAU
$63.3B
| $69.9M | 0.14% |
2,479,801
+644,594
| +35% | +$18.2M |
|
130
PUT
State Street SPDR S&P 500 ETF Trust
SPY
$779B
| $69.6M | 0.14% |
234,500
+93,800
| +67% | +$27.7M |
|
131
State Street SPDR Portfolio S&P 500 Value ETF
SPYV
$36.1B
| $69.5M | 0.14% |
2,175,096
+270,226
| +14% | +$8.51M |
|
132
McDonald's
MCD
$192B
| $68.7M | 0.14% |
320,123
+14,049
| +5% | +$3.01M |
|
133
Schwab US Dividend Equity ETF
SCHD
$103B
| $68.7M | 0.14% |
3,763,299
+560,952
| +18% | +$10M |
|
134
Vanguard Total International Stock ETF
VXUS
$153B
| $67.4M | 0.14% |
1,305,007
-186,233
| -12% | -$9.61M |
|
135
NVIDIA
NVDA
$4.74T
| $67.1M | 0.14% |
15,420,280
-29,800
| -0.2% | -$125K |
|
136
Bank of America
BAC
$435B
| $66.7M | 0.14% |
2,287,998
-67,544
| -3% | -$1.94M |
|
137
iShares S&P Small-Cap 600 Growth ETF
IJT
$8.21B
| $66.7M | 0.14% |
748,304
+1,906
| +0.3% | +$172K |
|
138
VictoryShares US EQ Income Enhanced Volatility Wtd ETF
CDC
$746M
| $66.3M | 0.14% |
1,425,545
+24,985
| +2% | +$1.14M |
|
139
iShares Russell Mid-Cap Growth ETF
IWP
$19.7B
| $66.2M | 0.13% |
936,144
-26,956
| -3% | -$1.94M |
|
140
iShares Russell 3000 ETF
IWV
$19.4B
| $65.9M | 0.13% |
379,056
+6,989
| +2% | +$1.21M |
|
|
VPU
141
Vanguard Utilities ETF
VPU
$8.72B
| $65.4M | 0.13% |
455,415
+70,792
| +18% | +$9.71M |
|
142
iShares MSCI Emerging Markets Min Vol Factor ETF
EEMV
$3.44B
| $65.4M | 0.13% |
1,145,496
-23,799
| -2% | -$1.37M |
|
143
Vanguard Health Care ETF
VHT
$18.3B
| $64.2M | 0.13% |
382,581
+4,948
| +1% | +$847K |
|
144
Vanguard Consumer Staples ETF
VDC
$7.97B
| $64M | 0.13% |
408,875
+43,940
| +12% | +$6.75M |
|
145
Starbucks
SBUX
$119B
| $63.6M | 0.13% |
718,795
+36,593
| +5% | +$3.39M |
|
146
iShares US Medical Devices ETF
IHI
$3.08B
| $62.5M | 0.13% |
1,517,106
+60,126
| +4% | +$2.46M |
|
147
Alibaba
BABA
$274B
| $62.3M | 0.13% |
372,643
+11,143
| +3% | +$1.91M |
|
148
Vanguard Mid-Cap Value ETF
VOE
$23.8B
| $61.7M | 0.13% |
545,856
-8,295
| -1% | -$921K |
|
149
UnitedHealth
UNH
$380B
| $61.4M | 0.13% |
282,664
+14,422
| +5% | +$3.48M |
|
150
Vanguard Mid-Cap Growth ETF
VOT
$19B
| $61.3M | 0.12% |
413,739
-17,427
| -4% | -$2.61M |
|
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.