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 | |
|---|---|---|---|---|---|---|
1851
Penske Automotive Group
PAG
$14.7B
| $846K | ﹤0.01% |
17,894
+588
| +3% | +$26.6K |
|
1852
First Trust China AlphaDEX Fund
FCA
$32.8M
| $845K | ﹤0.01% |
35,297
-1,439
| -4% | -$35.7K |
|
|
WSR
1853
DELISTED
Whitestone REIT
WSR
| $845K | ﹤0.01% |
61,403
+16,107
| +36% | +$207K |
|
1854
CVR Energy
CVI
$3.48B
| $844K | ﹤0.01% |
19,176
-2,046
| -10% | -$95.2K |
|
1855
Invesco S&P SmallCap 600 Pure Value ETF
RZV
$291M
| $841K | ﹤0.01% |
13,124
+68
| +0.5% | +$4.15K |
|
|
ITI
1856
DELISTED
Iteris, Inc.
ITI
| $839K | ﹤0.01% |
146,000
-1,300
| -0.9% | -$7.07K |
|
|
AVLR
1857
DELISTED
Avalara, Inc.
AVLR
| $837K | ﹤0.01% |
12,446
+4,528
| +57% | +$366K |
|
|
WW
1858
DELISTED
WW International
WW
| $836K | ﹤0.01% |
22,105
+1,765
| +9% | +$49.8K |
|
|
MNR
1859
DELISTED
Monmouth Real Estate Investment Corp
MNR
| $830K | ﹤0.01% |
57,620
+5,252
| +10% | +$71.9K |
|
|
GOOS
1860
Canada Goose Holdings
GOOS
$903M
| $828K | ﹤0.01% |
18,842
+1,591
| +9% | +$66.5K |
|
1861
United States Natural Gas Fund
UNG
$450M
| $828K | ﹤0.01% |
10,380
+1,442
| +16% | +$116K |
|
|
BEAT
1862
DELISTED
BioTelemetry, Inc.
BEAT
| $828K | ﹤0.01% |
20,318
-28,327
| -58% | -$1.22M |
|
1863
Franklin Emerging Market Core Dividend Tilt Index ETF
DIEM
$66.6M
| $826K | ﹤0.01% |
28,533
+437
| +2% | +$12.6K |
|
1864
US Global Jets ETF
JETS
$768M
| $826K | ﹤0.01% |
28,130
+3,234
| +13% | +$96.5K |
|
1865
Commerce Bancshares
CBSH
$8.68B
| $823K | ﹤0.01% |
19,089
+424
| +2% | +$17.7K |
|
|
OCSI
1866
DELISTED
Oaktree Strategic Income Corporation
OCSI
| $823K | ﹤0.01% |
99,708
-2,677
| -3% | -$22.1K |
|
|
DNI
1867
DELISTED
Dividend and Income Fund
DNI
| $823K | ﹤0.01% |
68,893
-2,271
| -3% | -$26.2K |
|
1868
Southwest Gas
SWX
$6.64B
| $821K | ﹤0.01% |
9,020
-226
| -2% | -$20.3K |
|
1869
First Trust Alerian Disruptive Technology Real Estate ETF
DTRE
$14.9M
| $819K | ﹤0.01% |
16,527
+7,742
| +88% | +$375K |
|
1870
Cambria Global Momentum ETF
GMOM
$68.6M
| $819K | ﹤0.01% |
32,310
+339
| +1% | +$8.59K |
|
1871
TripAdvisor
TRIP
$1.7B
| $819K | ﹤0.01% |
21,175
+490
| +2% | +$20.4K |
|
|
WBIB
1872
DELISTED
WBI BullBear Value 2000 ETF
WBIB
| $819K | ﹤0.01% |
37,046
-212,967
| -85% | -$4.75M |
|
1873
Pool Corp
POOL
$7.05B
| $818K | ﹤0.01% |
4,058
-450
| -10% | -$86.7K |
|
1874
Sprott Gold Miners ETF
SGDM
$542M
| $817K | ﹤0.01% |
35,673
-5,192
| -13% | -$125K |
|
1875
Tilray
TLRY
$543M
| $817K | ﹤0.01% |
3,304
+907
| +38% | +$331K |
|
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.