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 | |
|---|---|---|---|---|---|---|
1651
Invesco Dorsey Wright SmallCap Momentum ETF
DWAS
$413M
| $1.11M | ﹤0.01% |
22,228
-5,283
| -19% | -$282K |
|
|
NSA
1652
DELISTED
National Storage Affiliates Trust
NSA
| $1.11M | ﹤0.01% |
33,295
+5,431
| +19% | +$172K |
|
1653
Jacobs Solutions
J
$16B
| $1.11M | ﹤0.01% |
14,649
-835
| -5% | -$59.7K |
|
1654
Nuveen ESG Emerging Markets Equity ETF
NUEM
$354M
| $1.11M | ﹤0.01% |
44,427
+5,626
| +14% | +$142K |
|
1655
Melco Resorts & Entertainment
MLCO
$2.21B
| $1.1M | ﹤0.01% |
+56,947
| New | +$1.24M |
|
1656
Live Nation Entertainment
LYV
$42.9B
| $1.1M | ﹤0.01% |
16,607
+1,271
| +8% | +$88.9K |
|
1657
Manulife Financial
MFC
$73B
| $1.1M | ﹤0.01% |
60,039
+3,016
| +5% | +$53.3K |
|
1658
Murphy USA
MUSA
$11.4B
| $1.1M | ﹤0.01% |
12,891
-2,328
| -15% | -$205K |
|
1659
State Street SPDR S&P Emerging Markets Dividend ETF
EDIV
$1.21B
| $1.1M | ﹤0.01% |
36,834
+4,145
| +13% | +$129K |
|
1660
Blue Owl Capital
OBDC
$5.35B
| $1.1M | ﹤0.01% |
+69,715
| New | +$1.12M |
|
|
BZUN
1661
Baozun
BZUN
$179M
| $1.1M | ﹤0.01% |
25,672
+3,870
| +18% | +$184K |
|
1662
Macy's
M
$6.51B
| $1.1M | ﹤0.01% |
70,523
-12,075
| -15% | -$224K |
|
1663
OneMain Financial
OMF
$7.27B
| $1.09M | ﹤0.01% |
29,850
-5,322
| -15% | -$197K |
|
|
RWW
1664
DELISTED
Invesco S&P Financials Revenue ETF
RWW
| $1.09M | ﹤0.01% |
16,052
-24
| -0.1% | -$1.61K |
|
1665
Novanta
NOVT
$4.91B
| $1.09M | ﹤0.01% |
13,370
+6,473
| +94% | +$526K |
|
1666
ALPS O'Shares Global Internet Giants ETF
OGIG
$102M
| $1.09M | ﹤0.01% |
46,700
+10,114
| +28% | +$251K |
|
1667
Sonoco
SON
$5.83B
| $1.09M | ﹤0.01% |
18,783
+333
| +2% | +$19.8K |
|
1668
BlackRock MuniYield Quality Fund III
MYI
$715M
| $1.09M | ﹤0.01% |
80,439
+6
| +0% | +$81 |
|
1669
Five Below
FIVE
$11.6B
| $1.09M | ﹤0.01% |
8,652
+1,083
| +14% | +$132K |
|
1670
International Flavors & Fragrances
IFF
$20.3B
| $1.09M | ﹤0.01% |
8,854
+2,393
| +37% | +$305K |
|
|
AIV
1671
Aimco
AIV
$377M
| $1.08M | ﹤0.01% |
156,021
+39,140
| +33% | +$265K |
|
1672
Teva Pharmaceuticals
TEVA
$40.4B
| $1.08M | ﹤0.01% |
157,442
-10,526
| -6% | -$80.6K |
|
1673
AngloGold Ashanti
AU
$39.4B
| $1.08M | ﹤0.01% |
59,209
+41,647
| +237% | +$827K |
|
|
CYBR
1674
DELISTED
CyberArk
CYBR
| $1.08M | ﹤0.01% |
10,835
-11,011
| -50% | -$1.33M |
|
1675
Arbor Realty Trust
ABR
$977M
| $1.08M | ﹤0.01% |
82,423
+41,780
| +103% | +$522K |
|
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.