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 | |
|---|---|---|---|---|---|---|
|
MCN
1476
Madison Covered Call & Equity Strategy Fund
MCN
$117M
| $1.67M | ﹤0.01% |
252,258
+182,211
| +260% | +$1.18M |
|
1477
Gladstone Capital
GLAD
$427M
| $1.67M | ﹤0.01% |
84,150
+10,132
| +14% | +$204K |
|
1478
Under Armour Class C
UA
$2.95B
| $1.67M | ﹤0.01% |
87,052
-32,561
| -27% | -$573K |
|
1479
WisdomTree True Developed International Fund
DOL
$809M
| $1.67M | ﹤0.01% |
34,026
+24,830
| +270% | +$1.18M |
|
1480
SBA Communications
SBAC
$19.8B
| $1.67M | ﹤0.01% |
6,908
-7,789
| -53% | -$1.85M |
|
|
BTO
1481
John Hancock Financial Opportunities Fund
BTO
$808M
| $1.66M | ﹤0.01% |
45,762
+2,466
| +6% | +$84.2K |
|
1482
EPAM Systems
EPAM
$5.58B
| $1.66M | ﹤0.01% |
7,831
-376
| -5% | -$74K |
|
1483
Franklin Short Duration US Government ETF
FTSD
$300M
| $1.65M | ﹤0.01% |
17,535
+3,586
| +26% | +$339K |
|
1484
First Trust NASDAQ Clean Edge Green Energy Index Fund
QCLN
$569M
| $1.65M | ﹤0.01% |
66,422
+3,510
| +6% | +$79.2K |
|
1485
Hartford Financial Services
HIG
$39.9B
| $1.65M | ﹤0.01% |
27,134
+6,631
| +32% | +$398K |
|
1486
Ambarella
AMBA
$3.04B
| $1.65M | ﹤0.01% |
+27,217
| New | +$1.51M |
|
1487
Ubiquiti
UI
$31.6B
| $1.65M | ﹤0.01% |
8,712
-410
| -4% | -$66.1K |
|
1488
iShares Global Financials ETF
IXG
$669M
| $1.64M | ﹤0.01% |
23,812
+536
| +2% | +$35.6K |
|
1489
iShares High Yield Systematic Bond ETF
HYDB
$1.61B
| $1.64M | ﹤0.01% |
32,236
+8,190
| +34% | +$413K |
|
1490
Albemarle
ALB
$13.4B
| $1.64M | ﹤0.01% |
22,388
+117
| +0.5% | +$7.81K |
|
|
GRMN
1491
Garmin
GRMN
$56.9B
| $1.63M | ﹤0.01% |
16,751
+710
| +4% | +$66.2K |
|
1492
Zoom
ZM
$27.1B
| $1.63M | ﹤0.01% |
23,960
+5,343
| +29% | +$368K |
|
|
POWR
1493
iShares U.S. Power Infrastructure ETF
POWR
$427M
| $1.62M | ﹤0.01% |
85,737
+2,477
| +3% | +$46.7K |
|
1494
Huntington Ingalls Industries
HII
$11B
| $1.62M | ﹤0.01% |
6,475
-153
| -2% | -$36.3K |
|
1495
KraneShares Bosera MSCI China A 50 Connect Index ETF
KBA
$148M
| $1.62M | ﹤0.01% |
49,769
-1,385
| -3% | -$43.3K |
|
1496
Invesco S&P Spin-Off ETF
CSD
$219M
| $1.62M | ﹤0.01% |
32,041
+640
| +2% | +$30.8K |
|
1497
Pacer US Small Cap Cash Cows 100 ETF
CALF
$3.75B
| $1.62M | ﹤0.01% |
59,716
-2,970
| -5% | -$76.5K |
|
|
GWPH
1498
DELISTED
GW Pharmaceuticals Plc American Depositary Shares
GWPH
| $1.62M | ﹤0.01% |
15,477
+1,005
| +7% | +$113K |
|
1499
Expedia Group
EXPE
$36.5B
| $1.61M | ﹤0.01% |
14,932
-1,251
| -8% | -$147K |
|
1500
Polaris
PII
$3.83B
| $1.61M | ﹤0.01% |
15,882
+93
| +0.6% | +$9.03K |
|
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.