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 | |
|---|---|---|---|---|---|---|
1501
iShares Fallen Angels USD Bond ETF
FALN
$1.63B
| $1.61M | ﹤0.01% |
59,514
+34,757
| +140% | +$928K |
|
1502
Nuveen ESG Mid-Cap Growth ETF
NUMG
$348M
| $1.61M | ﹤0.01% |
45,759
+6,405
| +16% | +$217K |
|
1503
Gentex
GNTX
$5.1B
| $1.61M | ﹤0.01% |
55,616
+3,640
| +7% | +$103K |
|
1504
Invesco S&P SmallCap Utilities & Communication Services ETF
PSCU
$17.5M
| $1.61M | ﹤0.01% |
30,604
-1,630
| -5% | -$84.4K |
|
1505
Cedar Fair
FUN
$1.88B
| $1.61M | ﹤0.01% |
29,038
+2,208
| +8% | +$124K |
|
|
SEE
1506
DELISTED
Sealed Air
SEE
| $1.61M | ﹤0.01% |
40,425
+5,743
| +17% | +$227K |
|
1507
Compass Minerals
CMP
$1.23B
| $1.61M | ﹤0.01% |
26,394
+4,364
| +20% | +$248K |
|
1508
State Street SPDR Russell 1000 Yield Focus ETF
ONEY
$688M
| $1.61M | ﹤0.01% |
21,113
+17,347
| +461% | +$1.27M |
|
|
PML
1509
PIMCO Municipal Income Fund II
PML
$487M
| $1.61M | ﹤0.01% |
101,359
+332
| +0.3% | +$5.21K |
|
|
AMED
1510
DELISTED
Amedisys
AMED
| $1.61M | ﹤0.01% |
9,627
+6,658
| +224% | +$990K |
|
1511
Nuveen ESG International Developed Markets Equity ETF
NUDM
$689M
| $1.6M | ﹤0.01% |
59,494
+2,485
| +4% | +$66.7K |
|
1512
Diamondback Energy
FANG
$56B
| $1.6M | ﹤0.01% |
17,258
+1,950
| +13% | +$162K |
|
1513
CDW
CDW
$18.9B
| $1.6M | ﹤0.01% |
11,209
+2,853
| +34% | +$377K |
|
1514
ProShares Short Russell2000
RWM
$133M
| $1.6M | ﹤0.01% |
43,398
-56,429
| -57% | -$2.2M |
|
1515
Hilton Worldwide
HLT
$72.4B
| $1.6M | ﹤0.01% |
14,414
+346
| +2% | +$34.7K |
|
1516
HealthEquity
HQY
$8.71B
| $1.6M | ﹤0.01% |
21,653
+28
| +0.1% | +$1.75K |
|
1517
iShares International Treasury Bond ETF
IGOV
$1.51B
| $1.59M | ﹤0.01% |
31,798
-1,804
| -5% | -$90.6K |
|
|
NHS
1518
Neuberger High Yield Strategies Fund Inc
NHS
$250M
| $1.59M | ﹤0.01% |
129,023
+9,900
| +8% | +$119K |
|
|
ASG
1519
Liberty All-Star Growth Fund
ASG
$321M
| $1.59M | ﹤0.01% |
244,601
+43,118
| +21% | +$264K |
|
1520
Canadian Natural Resources
CNQ
$96.9B
| $1.59M | ﹤0.01% |
100,340
+67,980
| +210% | +$924K |
|
1521
iShares Intermediate Government/Credit Bond ETF
GVI
$3.78B
| $1.59M | ﹤0.01% |
14,085
+899
| +7% | +$102K |
|
|
WORK
1522
DELISTED
Slack Technologies, Inc.
WORK
| $1.59M | ﹤0.01% |
70,600
+10,904
| +18% | +$243K |
|
1523
Warner Bros
WBD
$64.3B
| $1.58M | ﹤0.01% |
48,383
-5,339
| -10% | -$161K |
|
1524
Sun Life Financial
SLF
$45.6B
| $1.58M | ﹤0.01% |
34,709
-134
| -0.4% | -$6.03K |
|
1525
Invesco S&P SmallCap Information Technology ETF
PSCT
$472M
| $1.58M | ﹤0.01% |
49,431
-6
| -0% | -$183 |
|
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.