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 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 | |
|---|---|---|---|---|---|---|
151
Amgen
AMGN
$203B
| $68.4M | 0.12% |
283,790
+36,427
| +15% | +$8.03M |
|
152
iShares International Select Dividend ETF
IDV
$8.25B
| $68.1M | 0.12% |
2,029,715
+146,572
| +8% | +$4.71M |
|
153
Invesco S&P 500 High Dividend Low Volatility ETF
SPHD
$3.36B
| $67.4M | 0.12% |
1,530,981
+151,326
| +11% | +$6.48M |
|
154
Vanguard Consumer Staples ETF
VDC
$7.86B
| $66.6M | 0.12% |
413,202
+4,327
| +1% | +$679K |
|
155
iShares S&P Small-Cap 600 Growth ETF
IJT
$8.22B
| $66.6M | 0.12% |
689,058
-59,246
| -8% | -$5.47M |
|
156
Starbucks
SBUX
$118B
| $66.3M | 0.12% |
753,621
+34,826
| +5% | +$2.97M |
|
157
Vanguard Mid-Cap Value ETF
VOE
$23.7B
| $65.5M | 0.12% |
549,903
+4,047
| +0.7% | +$466K |
|
|
VPU
158
Vanguard Utilities ETF
VPU
$8.83B
| $65.2M | 0.12% |
456,235
+820
| +0.2% | +$115K |
|
159
Vanguard Mid-Cap Growth ETF
VOT
$19B
| $65.1M | 0.12% |
409,949
-3,790
| -0.9% | -$578K |
|
160
iShares Russell Mid-Cap Value ETF
IWS
$15.7B
| $64.5M | 0.12% |
680,257
+18,080
| +3% | +$1.65M |
|
161
First Trust Rising Dividend Achievers ETF
RDVY
$24.3B
| $63.2M | 0.12% |
1,762,778
+460,906
| +35% | +$15.6M |
|
162
iShares Russell 2000 Value ETF
IWN
$14.4B
| $63.2M | 0.12% |
491,289
+12,461
| +3% | +$1.54M |
|
163
iShares Gold Trust
IAU
$63B
| $62.9M | 0.11% |
2,168,661
-311,140
| -13% | -$8.82M |
|
164
Netflix
NFLX
$292B
| $61.7M | 0.11% |
1,907,690
+18,780
| +1% | +$557K |
|
165
ARK Innovation ETF
ARKK
$5.89B
| $61.7M | 0.11% |
1,232,370
+69,788
| +6% | +$3.24M |
|
166
iShares Russell 2000 Growth ETF
IWO
$14.5B
| $61.5M | 0.11% |
287,013
-13,155
| -4% | -$2.67M |
|
167
iShares S&P Mid-Cap 400 Growth ETF
IJK
$10.8B
| $61.1M | 0.11% |
1,027,232
-327,080
| -24% | -$18.7M |
|
168
WisdomTree Trust WisdomTree US Quality Dividend Growth Fund
DGRW
$16.6B
| $61.1M | 0.11% |
1,261,413
+181,888
| +17% | +$8.49M |
|
169
Honeywell
HON
$77.1B
| $61.1M | 0.11% |
366,091
+9,219
| +3% | +$1.51M |
|
170
WisdomTree US MidCap Dividend Fund
DON
$4.03B
| $61M | 0.11% |
1,602,723
+46,727
| +3% | +$1.73M |
|
171
Vanguard Large-Cap ETF
VV
$51.9B
| $61M | 0.11% |
412,374
-5,588
| -1% | -$791K |
|
172
iShares US Technology ETF
IYW
$23.7B
| $60.5M | 0.11% |
1,040,288
+81,980
| +9% | +$4.46M |
|
173
Hartford Multifactor Developed Markets ex-US ETF
RODM
$1.58B
| $58.8M | 0.11% |
2,002,825
-185,909
| -8% | -$5.34M |
|
174
iShares MSCI Emerging Markets Min Vol Factor ETF
EEMV
$3.45B
| $58.7M | 0.11% |
1,000,001
-145,495
| -13% | -$8.45M |
|
175
Altria Group
MO
$122B
| $58.3M | 0.11% |
1,167,259
+24,249
| +2% | +$1.14M |
|
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.