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
|
+$617M |
| 2 |
iShares MSCI USA Min Vol Factor ETF
USMV
|
+$390M |
| 3 |
iShares Broad USD High Yield Corporate Bond ETF
USHY
|
+$371M |
| 4 |
Vanguard Total Bond Market
BND
|
+$201M |
| 5 |
iShares JPMorgan USD Emerging Markets Bond ETF
EMB
|
+$193M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Vanguard Morningstar Total Stock Market ETF
VTI
|
+$577M |
| 2 |
State Street Blackstone Senior Loan ETF
SRLN
|
+$267M |
| 3 |
iShares Core S&P Mid-Cap ETF
IJH
|
+$166M |
| 4 |
Global X MLP & Energy Infrastructure ETF
MLPX
|
+$138M |
| 5 |
State Street SPDR Bloomberg High Yield Bond ETF
JNK
|
+$123M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 3.62% |
| 2 | Financials | 2.74% |
| 3 | Healthcare | 2.2% |
| 4 | Industrials | 2.09% |
| 5 | Communication Services | 2.08% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
1626
DexCom
DXCM
$29B
| $1.15M | ﹤0.01% |
30,692
+1,792
| +6% | +$69.6K |
|
1627
Main Sector Rotation ETF
SECT
$2.68B
| $1.14M | ﹤0.01% |
39,335
+1,282
| +3% | +$37K |
|
1628
iShares ESG Aware USD Corporate Bond ETF
SUSC
$1.29B
| $1.14M | ﹤0.01% |
43,392
+10,695
| +33% | +$279K |
|
1629
Teck Resources
TECK
$28.2B
| $1.14M | ﹤0.01% |
70,294
-12,587
| -15% | -$238K |
|
1630
NovoCure
NVCR
$1.77B
| $1.14M | ﹤0.01% |
15,248
-8,716
| -36% | -$697K |
|
1631
Labcorp
LH
$25.2B
| $1.14M | ﹤0.01% |
7,888
-2,635
| -25% | -$385K |
|
1632
Nuveen Municipal High Income Opportunity Fund
NMZ
$2.2B
| $1.14M | ﹤0.01% |
79,735
+11,741
| +17% | +$167K |
|
1633
Invesco S&P SmallCap Momentum ETF
XSMO
$2.94B
| $1.14M | ﹤0.01% |
30,543
+2,767
| +10% | +$105K |
|
|
AVK
1634
Advent Convertible and Income Fund
AVK
$528M
| $1.14M | ﹤0.01% |
79,938
-372,021
| -82% | -$5.31M |
|
|
MASI
1635
DELISTED
Masimo
MASI
| $1.13M | ﹤0.01% |
7,623
-1,140
| -13% | -$173K |
|
1636
Plains All American Pipeline
PAA
$17.6B
| $1.13M | ﹤0.01% |
54,318
-5,714
| -10% | -$129K |
|
1637
JPMorgan US Momentum Factor ETF
JMOM
$2.41B
| $1.13M | ﹤0.01% |
+38,995
| New | +$1.14M |
|
|
LEO
1638
BNY Mellon Strategic Municipals
LEO
$386M
| $1.13M | ﹤0.01% |
131,070
-6,858
| -5% | -$58.1K |
|
|
MRO
1639
DELISTED
Marathon Oil Corporation
MRO
| $1.13M | ﹤0.01% |
91,661
-15,692
| -15% | -$203K |
|
|
CDK
1640
DELISTED
CDK Global, Inc.
CDK
| $1.13M | ﹤0.01% |
23,403
-706
| -3% | -$33.8K |
|
1641
Guardant Health
GH
$19.1B
| $1.12M | ﹤0.01% |
17,607
+2,506
| +17% | +$221K |
|
1642
PG&E
PCG
$39B
| $1.12M | ﹤0.01% |
112,199
+68,969
| +160% | +$1.04M |
|
|
SMTA
1643
DELISTED
Spirit MTA REIT Common Shares of Beneficial Interest
SMTA
| $1.12M | ﹤0.01% |
132,959
+109,724
| +472% | +$928K |
|
1644
Inspire Small/Mid Cap Impact ETF
ISMD
$332M
| $1.12M | ﹤0.01% |
42,504
+7,884
| +23% | +$206K |
|
1645
NewMarket
NEU
$7.24B
| $1.12M | ﹤0.01% |
2,368
+78
| +3% | +$34.8K |
|
1646
Hewlett Packard
HPE
$58.8B
| $1.12M | ﹤0.01% |
73,657
+434
| +0.6% | +$6.17K |
|
1647
Incyte
INCY
$25.8B
| $1.12M | ﹤0.01% |
15,044
-5,805
| -28% | -$469K |
|
1648
iShares MSCI China ETF
MCHI
$6.23B
| $1.11M | ﹤0.01% |
19,885
-11,590
| -37% | -$667K |
|
1649
State Street SPDR MSCI Emerging Markets StrategicFactors ETF
QEMM
$52.5M
| $1.11M | ﹤0.01% |
19,420
+11,117
| +134% | +$638K |
|
|
KL
1650
DELISTED
Kirkland Lake Gold Ltd Ordinary
KL
| $1.11M | ﹤0.01% |
24,843
+2,140
| +9% | +$97.7K |
|
Similar funds
LPL Financial's Q3 2019 Portfolio in Review
As of Q3 2019, LPL Financial held 3,452 positions worth $49.1B, up 4.7% from $46.9B the previous quarter. Its ten largest holdings account for 22% of the portfolio.
LPL Financial deployed $1.9B of net new capital in Q3 2019, opening 178 new positions and adding to 1,739 existing holdings. Its largest new stake was iShares MSCI Russia ETF: 183,261 shares worth $7.13M.
By sector, the portfolio is most concentrated in Technology at 3.6% of assets, up from 3.6% a quarter earlier, followed by Financials and Healthcare.
On the sell side, the largest reduction was Vanguard Morningstar Total Stock Market ETF, an estimated $577M trimmed.
- LPL Financial's largest Q3 2019 buy was iShares MSCI Russia ETF: 183,261 shares worth $7.13M.
- LPL Financial added most to iShares MSCI USA Quality Factor ETF in Q3 2019, an estimated $617M increase.
- LPL Financial's biggest Q3 2019 reduction was Vanguard Morningstar Total Stock Market ETF, cutting an estimated $577M.
- LPL Financial fully exited L3 Technologies, Inc. in Q3 2019, selling an estimated $6.49M.
- LPL Financial's ten largest holdings make up 22% of its $49.1B portfolio in Q3 2019.
- LPL Financial opened 178 new positions and closed 166 in Q3 2019.
- LPL Financial's portfolio value rose 4.7% quarter-over-quarter to $49.1B.
Based on LPL Financial's 13F filing for Q3 2019, filed 13 Nov 2019.