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 |
Goldman Sachs ActiveBeta US Large Cap Equity ETF
GSLC
|
+$239M |
| 2 |
iShares Core S&P 500 ETF
IVV
|
+$94.9M |
| 3 |
Goldman Sachs Access US Aggregate Bond ETF
GCOR
|
+$87.2M |
| 4 |
Goldman Sachs ActiveBeta International Equity ETF
GSIE
|
+$85.4M |
| 5 |
Apple
AAPL
|
+$81.6M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
iShares S&P 500 Growth ETF
IVW
|
+$135M |
| 2 |
Vanguard Morningstar Total Stock Market ETF
VTI
|
+$117M |
| 3 |
iShares S&P 500 Value ETF
IVE
|
+$108M |
| 4 |
iShares Core MSCI Emerging Markets ETF
IEMG
|
+$81.2M |
| 5 |
iShares Core MSCI EAFE ETF
IEFA
|
+$57.5M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 6.1% |
| 2 | Consumer Discretionary | 3.02% |
| 3 | Healthcare | 2.68% |
| 4 | Financials | 2.54% |
| 5 | Communication Services | 2.3% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
126
UnitedHealth
UNH
$382B
| $103M | 0.16% |
330,097
+13,871
| +4% | +$4.26M |
|
127
State Street SPDR Portfolio Long Term Treasury ETF
SPTL
$10.5B
| $102M | 0.16% |
2,186,838
+714,796
| +49% | +$33.9M |
|
128
PepsiCo
PEP
$196B
| $101M | 0.16% |
730,887
+35,632
| +5% | +$4.85M |
|
129
Boeing
BA
$169B
| $101M | 0.16% |
609,160
-20,439
| -3% | -$3.48M |
|
130
iShares MSCI Emerging Markets ETF
EEM
$27.5B
| $101M | 0.16% |
2,282,809
+529,597
| +30% | +$23.2M |
|
131
WisdomTree Emerging Markets ex-State-Owned Enterprises Fund
XSOE
$1.93B
| $101M | 0.16% |
2,985,618
+1,613,527
| +118% | +$53.6M |
|
132
First Trust Preferred Securities and Income ETF
FPE
$6.3B
| $99.1M | 0.15% |
5,167,563
-2,997
| -0.1% | -$57.2K |
|
133
iShares Russell Mid-Cap ETF
IWR
$55.9B
| $98.8M | 0.15% |
1,722,274
-39,590
| -2% | -$2.25M |
|
134
iShares Russell Mid-Cap Growth ETF
IWP
$19.4B
| $98.4M | 0.15% |
1,138,560
+44,608
| +4% | +$3.76M |
|
135
State Street Communication Services Select Sector SPDR ETF
XLC
$22.5B
| $98M | 0.15% |
1,649,167
+746,801
| +83% | +$44.2M |
|
136
ProShares S&P 500 Dividend Aristocrats ETF
NOBL
$11.9B
| $94.4M | 0.15% |
2,616,516
-4,130
| -0.2% | -$148K |
|
137
Vanguard Long-Term Bond ETF
BLV
$5.74B
| $94M | 0.15% |
840,774
-143,401
| -15% | -$16.3M |
|
138
State Street SPDR Portfolio S&P 400 Mid Cap ETF
SPMD
$18.1B
| $93.3M | 0.15% |
2,860,154
+697,623
| +32% | +$22.9M |
|
139
United Parcel Service
UPS
$88.9B
| $92M | 0.14% |
552,377
-73,186
| -12% | -$10.7M |
|
140
Schwab US Large-Cap Growth ETF
SCHG
$58.2B
| $90.7M | 0.14% |
6,296,848
+158,200
| +3% | +$2.2M |
|
141
iShares Russell 1000 ETF
IWB
$47.1B
| $90.1M | 0.14% |
481,350
-25,339
| -5% | -$4.68M |
|
142
Amgen
AMGN
$209B
| $89.6M | 0.14% |
352,596
+17,422
| +5% | +$4.32M |
|
143
Chevron
CVX
$382B
| $89.4M | 0.14% |
1,242,297
+33,948
| +3% | +$2.86M |
|
144
Cisco
CSCO
$443B
| $89.4M | 0.14% |
2,268,503
+122,113
| +6% | +$5.32M |
|
145
Intel
INTC
$413B
| $88.6M | 0.14% |
1,710,131
-113,027
| -6% | -$5.88M |
|
146
SPDR Gold MiniShares Trust
GLDM
$27.5B
| $87.9M | 0.14% |
2,337,544
+440,080
| +23% | +$16.8M |
|
147
First Trust Dorsey Wright Focus 5 ETF
FV
$3.57B
| $87.8M | 0.14% |
2,572,380
-12,469
| -0.5% | -$425K |
|
148
Merck
MRK
$322B
| $87.3M | 0.14% |
1,103,115
+43,594
| +4% | +$3.41M |
|
149
Vanguard Health Care ETF
VHT
$18.5B
| $87M | 0.14% |
426,440
-2,050
| -0.5% | -$415K |
|
|
150
Goldman Sachs Access US Aggregate Bond ETF
GCOR
$791M
| $87M | 0.14% |
+1,744,998
| New | +$87.2M |
|
Similar funds
LPL Financial's Q3 2020 Portfolio in Review
As of Q3 2020, LPL Financial held 3,702 positions worth $64B, up 12% from $57.4B the previous quarter. Its ten largest holdings account for 21% of the portfolio.
LPL Financial deployed $2.84B of net new capital in Q3 2020, opening 233 new positions and adding to 1,921 existing holdings. Its largest new stake was Goldman Sachs Access US Aggregate Bond ETF: 1,744,998 shares worth $87M.
By sector, the portfolio is most concentrated in Technology at 6.1% of assets, up from 5.5% a quarter earlier, followed by Consumer Discretionary and Healthcare.
On the sell side, the largest reduction was iShares S&P 500 Growth ETF, an estimated $135M trimmed.
- LPL Financial's largest Q3 2020 buy was Goldman Sachs Access US Aggregate Bond ETF: 1,744,998 shares worth $87M.
- LPL Financial added most to Goldman Sachs ActiveBeta US Large Cap Equity ETF in Q3 2020, an estimated $239M increase.
- LPL Financial's biggest Q3 2020 reduction was iShares S&P 500 Growth ETF, cutting an estimated $135M.
- LPL Financial fully exited iShares iBonds Sep 2020 Term Muni Bond ETF in Q3 2020, selling an estimated $6.02M.
- LPL Financial's ten largest holdings make up 21% of its $64B portfolio in Q3 2020.
- LPL Financial opened 233 new positions and closed 157 in Q3 2020.
- LPL Financial's portfolio value rose 12% quarter-over-quarter to $64B.
Based on LPL Financial's 13F filing for Q3 2020, filed 9 Nov 2020.