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 | |
|---|---|---|---|---|---|---|
1551
iShares International Equity Factor ETF
INTF
$3.55B
| $1.52M | ﹤0.01% |
56,090
+5,734
| +11% | +$151K |
|
|
SNV
1552
DELISTED
Synovus
SNV
| $1.51M | ﹤0.01% |
38,542
-67
| -0.2% | -$2.46K |
|
1553
Chemed
CHE
$7.16B
| $1.51M | ﹤0.01% |
3,437
-142
| -4% | -$59.7K |
|
1554
Invesco Dorsey Wright SmallCap Momentum ETF
DWAS
$413M
| $1.51M | ﹤0.01% |
26,416
+4,188
| +19% | +$221K |
|
1555
TechnipFMC
FTI
$28.6B
| $1.51M | ﹤0.01% |
94,491
+37,430
| +66% | +$581K |
|
1556
RingCentral
RNG
$4.83B
| $1.51M | ﹤0.01% |
8,934
-893
| -9% | -$147K |
|
|
DRE
1557
DELISTED
Duke Realty Corp.
DRE
| $1.51M | ﹤0.01% |
43,432
-336
| -0.8% | -$11.6K |
|
1558
Smith & Nephew
SNN
$13.7B
| $1.5M | ﹤0.01% |
31,283
+20,118
| +180% | +$908K |
|
|
SIX
1559
DELISTED
Six Flags Entertainment Corp.
SIX
| $1.5M | ﹤0.01% |
33,335
+1,195
| +4% | +$55K |
|
1560
Unum
UNM
$13.2B
| $1.5M | ﹤0.01% |
51,472
-2,801
| -5% | -$81.5K |
|
1561
iShares Currency Hedged MSCI Emerging Markets
HEEM
$264M
| $1.5M | ﹤0.01% |
56,619
+2,155
| +4% | +$55.4K |
|
1562
iShares New York Muni Bond ETF
NYF
$1.38B
| $1.5M | ﹤0.01% |
26,247
+4,929
| +23% | +$281K |
|
1563
Textron
TXT
$14.7B
| $1.5M | ﹤0.01% |
33,573
-1,769
| -5% | -$81.9K |
|
1564
AngloGold Ashanti
AU
$39.4B
| $1.5M | ﹤0.01% |
66,939
+7,730
| +13% | +$156K |
|
1565
Gaming and Leisure Properties
GLPI
$13B
| $1.49M | ﹤0.01% |
34,627
+17,121
| +98% | +$703K |
|
1566
iShares US Oil & Gas Exploration & Production ETF
IEO
$566M
| $1.49M | ﹤0.01% |
26,788
+969
| +4% | +$50.2K |
|
1567
iShares Core MSCI Pacific ETF
IPAC
$2.59B
| $1.48M | ﹤0.01% |
25,310
-7,960
| -24% | -$462K |
|
1568
BlackRock Limited Duration Income Trust
BLW
$490M
| $1.48M | ﹤0.01% |
90,135
-22
| -0% | -$349 |
|
1569
Generac Holdings
GNRC
$11.5B
| $1.48M | ﹤0.01% |
14,681
+1,836
| +14% | +$171K |
|
1570
Jack Henry & Associates
JKHY
$11.4B
| $1.48M | ﹤0.01% |
10,136
-133
| -1% | -$19.4K |
|
|
BSJO
1571
DELISTED
Invesco BulletShares 2024 High Yield Corporate Bond ETF
BSJO
| $1.48M | ﹤0.01% |
57,921
+18,485
| +47% | +$465K |
|
|
JWN
1572
DELISTED
Nordstrom
JWN
| $1.48M | ﹤0.01% |
36,027
-2,804
| -7% | -$104K |
|
1573
JetBlue
JBLU
$2.16B
| $1.47M | ﹤0.01% |
78,742
-4,043
| -5% | -$75.1K |
|
1574
Invesco S&P 500 Equal Weight Materials ETF
RSPM
$187M
| $1.47M | ﹤0.01% |
63,515
-610
| -1% | -$13.5K |
|
|
HTD
1575
John Hancock Tax-Advantaged Dividend Income Fund
HTD
$912M
| $1.47M | ﹤0.01% |
53,847
-3,930
| -7% | -$107K |
|
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.