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 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 | |
|---|---|---|---|---|---|---|
151
Hartford Multifactor Developed Markets ex-US ETF
RODM
$1.58B
| $61M | 0.12% |
2,188,734
+185,113
| +9% | +$5.12M |
|
152
iShares National Muni Bond ETF
MUB
$45.1B
| $61M | 0.12% |
534,698
+48,070
| +10% | +$5.48M |
|
153
Vanguard Small-Cap Growth ETF
VBK
$23.2B
| $60.5M | 0.12% |
332,301
+18,354
| +6% | +$3.42M |
|
154
Schwab US Large-Cap Growth ETF
SCHG
$58.5B
| $59.6M | 0.12% |
5,672,944
-83,048
| -1% | -$875K |
|
155
iShares Russell Mid-Cap Value ETF
IWS
$15.7B
| $59.4M | 0.12% |
662,177
-10
| -0% | -$886 |
|
156
Merck
MRK
$324B
| $59.2M | 0.12% |
736,898
+14,910
| +2% | +$1.19M |
|
157
iShares 3-7 Year Treasury Bond ETF
IEI
$18.1B
| $59M | 0.12% |
465,331
+55,319
| +13% | +$6.99M |
|
158
Invesco S&P 500 High Dividend Low Volatility ETF
SPHD
$3.36B
| $58.8M | 0.12% |
1,379,655
-115,491
| -8% | -$4.82M |
|
159
State Street Energy Select Sector SPDR ETF
XLE
$39.5B
| $58.4M | 0.12% |
1,974,520
-213,212
| -10% | -$6.45M |
|
160
iShares International Select Dividend ETF
IDV
$8.25B
| $57.9M | 0.12% |
1,883,143
+34,131
| +2% | +$1.03M |
|
161
iShares Russell 2000 Growth ETF
IWO
$14.5B
| $57.9M | 0.12% |
300,168
-20,318
| -6% | -$4.03M |
|
162
iShares Russell 2000 Value ETF
IWN
$14.4B
| $57.2M | 0.12% |
478,828
+22,483
| +5% | +$2.66M |
|
163
Vanguard Large-Cap ETF
VV
$51.9B
| $57M | 0.12% |
417,962
+8,640
| +2% | +$1.17M |
|
164
Honeywell
HON
$77.1B
| $56.9M | 0.12% |
356,872
+24,193
| +7% | +$3.85M |
|
165
WisdomTree US MidCap Dividend Fund
DON
$4.03B
| $56.5M | 0.12% |
1,555,996
-65,097
| -4% | -$2.33M |
|
166
Adobe
ADBE
$89.5B
| $54.9M | 0.11% |
198,732
+286
| +0.1% | +$83.5K |
|
167
Vanguard FTSE All-World ex-US ETF
VEU
$65.6B
| $54.4M | 0.11% |
1,090,121
-8,934
| -0.8% | -$445K |
|
168
State Street SPDR Portfolio S&P 500 Growth ETF
SPYG
$50.7B
| $53.4M | 0.11% |
1,373,389
+167,607
| +14% | +$6.55M |
|
169
State Street SPDR Bloomberg International Treasury Bond ETF
BWX
$1.32B
| $53.4M | 0.11% |
1,860,767
-46,275
| -2% | -$1.34M |
|
170
Southern Company
SO
$110B
| $52.8M | 0.11% |
854,767
-3,158
| -0.4% | -$183K |
|
171
Janus Henderson Short Duration Income ETF
VNLA
$3.33B
| $51.5M | 0.1% |
1,029,467
+79,305
| +8% | +$3.96M |
|
172
United Parcel Service
UPS
$97.6B
| $51.2M | 0.1% |
427,430
+19,897
| +5% | +$2.27M |
|
173
iShares MSCI Global Min Vol Factor ETF
ACWV
$3.26B
| $51.1M | 0.1% |
539,055
+47,348
| +10% | +$4.42M |
|
174
Netflix
NFLX
$292B
| $50.6M | 0.1% |
1,888,910
-249,630
| -12% | -$7.81M |
|
175
Comcast
CMCSA
$79.1B
| $50.3M | 0.1% |
1,116,780
+77,880
| +7% | +$3.45M |
|
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 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 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.