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 | |
|---|---|---|---|---|---|---|
|
NLSN
1526
DELISTED
Nielsen Holdings plc
NLSN
| $1.58M | ﹤0.01% |
77,864
-1,044
| -1% | -$21.2K |
|
1527
Markel Group
MKL
$25.2B
| $1.58M | ﹤0.01% |
1,382
+80
| +6% | +$91.1K |
|
1528
Hormel Foods
HRL
$14.2B
| $1.58M | ﹤0.01% |
35,008
+3,767
| +12% | +$162K |
|
1529
Post Holdings
POST
$4.42B
| $1.58M | ﹤0.01% |
22,121
+80
| +0.4% | +$5.47K |
|
|
KIO
1530
KKR Income Opportunities Fund
KIO
$450M
| $1.58M | ﹤0.01% |
99,929
+31,624
| +46% | +$488K |
|
1531
iShares Global Materials ETF
MXI
$337M
| $1.57M | ﹤0.01% |
23,340
+1,617
| +7% | +$105K |
|
1532
Snap-on
SNA
$21.5B
| $1.57M | ﹤0.01% |
9,277
+1,590
| +21% | +$259K |
|
1533
Boston Beer
SAM
$1.95B
| $1.57M | ﹤0.01% |
4,156
+83
| +2% | +$31.3K |
|
1534
Invesco DB US Dollar Index Bullish Fund
UUP
$423M
| $1.57M | ﹤0.01% |
60,401
+9,194
| +18% | +$246K |
|
|
ESHY
1535
DELISTED
Xtrackers J.P. Morgan ESG USD High Yield Corporate Bond ETF
ESHY
| $1.56M | ﹤0.01% |
+70,443
| New | +$1.55M |
|
1536
Leggett & Platt
LEG
$1.4B
| $1.56M | ﹤0.01% |
30,722
+4,342
| +16% | +$213K |
|
1537
ScottsMiracle-Gro
SMG
$4.09B
| $1.55M | ﹤0.01% |
14,634
-3,017
| -17% | -$309K |
|
1538
Nutrien
NTR
$33.9B
| $1.55M | ﹤0.01% |
32,369
-1,992
| -6% | -$96.3K |
|
1539
Cohen & Steers Select Preferred & Income Fund
PSF
$233M
| $1.55M | ﹤0.01% |
49,144
+32,376
| +193% | +$977K |
|
1540
iShares ESG Aware 1-5 Year USD Corporate Bond ETF
SUSB
$1.3B
| $1.55M | ﹤0.01% |
60,868
+18,707
| +44% | +$476K |
|
1541
Nuveen NASDAQ 100 Dynamic Overwrite Fund
QQQX
$1.41B
| $1.55M | ﹤0.01% |
64,340
+5,135
| +9% | +$120K |
|
1542
Dell
DELL
$239B
| $1.54M | ﹤0.01% |
59,202
+2,839
| +5% | +$73.8K |
|
1543
JPMorgan US Value Factor ETF
JVAL
$826M
| $1.54M | ﹤0.01% |
53,008
+5,237
| +11% | +$146K |
|
|
CYBR
1544
DELISTED
CyberArk
CYBR
| $1.54M | ﹤0.01% |
13,176
+2,341
| +22% | +$263K |
|
|
NSA
1545
DELISTED
National Storage Affiliates Trust
NSA
| $1.53M | ﹤0.01% |
45,639
+12,344
| +37% | +$414K |
|
1546
Invesco China Technology ETF
CQQQ
$3.01B
| $1.53M | ﹤0.01% |
29,101
+2,674
| +10% | +$132K |
|
1547
Lamar Advertising Co
LAMR
$16.7B
| $1.52M | ﹤0.01% |
17,088
+5,145
| +43% | +$430K |
|
|
KW
1548
DELISTED
Kennedy-Wilson Holdings
KW
| $1.52M | ﹤0.01% |
68,333
+4,645
| +7% | +$104K |
|
1549
State Street SPDR S&P 1500 Value Tilt ETF
VLU
$745M
| $1.52M | ﹤0.01% |
13,456
-175
| -1% | -$19.1K |
|
1550
iShares US Insurance ETF
IAK
$521M
| $1.52M | ﹤0.01% |
21,334
+10,533
| +98% | +$743K |
|
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.