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 | |
|---|---|---|---|---|---|---|
|
KMF
1676
DELISTED
Kayne Anderson NextGen Energy & Infrastructure, Inc.
KMF
| $1.08M | ﹤0.01% |
99,832
-11,846
| -11% | -$131K |
|
1677
Leggett & Platt
LEG
$1.4B
| $1.08M | ﹤0.01% |
26,380
+306
| +1% | +$12K |
|
1678
iShares MSCI South Korea ETF
EWY
$20.1B
| $1.08M | ﹤0.01% |
19,149
-813
| -4% | -$45K |
|
1679
Invesco Biotechnology & Genome ETF
PBE
$286M
| $1.08M | ﹤0.01% |
22,781
-5,678
| -20% | -$291K |
|
1680
Ubiquiti
UI
$31.6B
| $1.08M | ﹤0.01% |
9,122
+1,281
| +16% | +$155K |
|
1681
iShares Emerging Markets Equity Factor ETF
EMGF
$1.74B
| $1.08M | ﹤0.01% |
26,352
+4,320
| +20% | +$177K |
|
|
FSCS
1682
First Trust SMID Capital Strength ETF
FSCS
$58.6M
| $1.07M | ﹤0.01% |
48,310
+1,656
| +4% | +$36.3K |
|
1683
Ormat Technologies
ORA
$5.8B
| $1.07M | ﹤0.01% |
14,443
-106
| -0.7% | -$7.31K |
|
1684
Sensata Technologies
ST
$6.69B
| $1.07M | ﹤0.01% |
21,429
-1,674
| -7% | -$79.2K |
|
1685
iShares ESG Aware 1-5 Year USD Corporate Bond ETF
SUSB
$1.3B
| $1.07M | ﹤0.01% |
42,161
+15,592
| +59% | +$395K |
|
|
GGT
1686
Gabelli Multimedia Trust
GGT
$168M
| $1.06M | ﹤0.01% |
132,961
+1,061
| +0.8% | +$8.71K |
|
|
KIO
1687
KKR Income Opportunities Fund
KIO
$450M
| $1.06M | ﹤0.01% |
68,305
-3,811
| -5% | -$59.3K |
|
1688
A.O. Smith
AOS
$8.55B
| $1.06M | ﹤0.01% |
22,284
+395
| +2% | +$18.3K |
|
1689
First Trust RBA American Industrial Renaissance ETF
AIRR
$9.53B
| $1.06M | ﹤0.01% |
39,539
-11,103
| -22% | -$287K |
|
1690
AMC Entertainment Holdings
AMC
$2.45B
| $1.06M | ﹤0.01% |
9,902
+1,017
| +11% | +$111K |
|
1691
Lear
LEA
$7.39B
| $1.06M | ﹤0.01% |
8,965
+34
| +0.4% | +$4.13K |
|
1692
Corpay
CPAY
$25.7B
| $1.06M | ﹤0.01% |
3,685
+875
| +31% | +$254K |
|
1693
MGE Energy Inc
MGEE
$3.03B
| $1.06M | ﹤0.01% |
13,219
-3,747
| -22% | -$280K |
|
1694
Invesco Global Water ETF
PIO
$271M
| $1.05M | ﹤0.01% |
37,850
+2,364
| +7% | +$65.6K |
|
1695
State Street SPDR FactSet Innovative Technology ETF
XITK
$66.5M
| $1.05M | ﹤0.01% |
10,570
-270
| -2% | -$28.5K |
|
|
PMM
1696
Franklin Managed Municipal Income Trust
PMM
$270M
| $1.05M | ﹤0.01% |
134,622
-6,254
| -4% | -$49.4K |
|
1697
Perrigo
PRGO
$1.44B
| $1.05M | ﹤0.01% |
18,863
+163
| +0.9% | +$8.3K |
|
|
PHK
1698
PIMCO High Income Fund
PHK
$856M
| $1.05M | ﹤0.01% |
135,904
+22,844
| +20% | +$180K |
|
1699
Landstar System
LSTR
$6.04B
| $1.05M | ﹤0.01% |
9,334
-70
| -0.7% | -$7.71K |
|
1700
Vail Resorts
MTN
$5.7B
| $1.05M | ﹤0.01% |
4,610
+806
| +21% | +$190K |
|
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.