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 Morningstar 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 | |
|---|---|---|---|---|---|---|
1851
AMN Healthcare
AMN
$1.35B
| $981K | ﹤0.01% |
15,746
+3,825
| +32% | +$226K |
|
1852
Wendy's
WEN
$1.4B
| $980K | ﹤0.01% |
44,147
+1,015
| +2% | +$21.5K |
|
1853
State Street SPDR Russell 1000 Low Volatility Focus ETF
ONEV
$305M
| $977K | ﹤0.01% |
11,343
+7,386
| +187% | +$619K |
|
1854
Terex
TEX
$7.11B
| $976K | ﹤0.01% |
32,770
+15,073
| +85% | +$424K |
|
1855
BlackRock Floating Rate Income Trust
BGT
$321M
| $975K | ﹤0.01% |
75,771
+907
| +1% | +$11.3K |
|
|
RESE
1856
DELISTED
WisdomTree Emerging Markets ESG Fund
RESE
| $975K | ﹤0.01% |
29,686
+4,248
| +17% | +$133K |
|
1857
LGI Homes
LGIH
$1.33B
| $974K | ﹤0.01% |
13,785
+1,352
| +11% | +$103K |
|
|
MIC
1858
DELISTED
Macquarie Infrastructure Holdings, LLC
MIC
| $973K | ﹤0.01% |
22,715
+620
| +3% | +$25.6K |
|
|
PMM
1859
Franklin Managed Municipal Income Trust
PMM
$269M
| $972K | ﹤0.01% |
121,704
-12,918
| -10% | -$103K |
|
1860
Primerica
PRI
$10.1B
| $972K | ﹤0.01% |
7,444
+2,741
| +58% | +$354K |
|
|
TIF
1861
DELISTED
Tiffany & Co.
TIF
| $971K | ﹤0.01% |
7,262
+592
| +9% | +$70K |
|
|
ETG
1862
Eaton Vance Tax-Advantaged Global Dividend Income Fund
ETG
$1.8B
| $970K | ﹤0.01% |
53,854
+10,223
| +23% | +$175K |
|
|
RMT
1863
Royce Micro-Cap Trust
RMT
$733M
| $969K | ﹤0.01% |
113,446
-35,380
| -24% | -$289K |
|
1864
MPLX
MPLX
$58.5B
| $968K | ﹤0.01% |
38,016
+4,063
| +12% | +$104K |
|
1865
Invesco S&P MidCap Value with Momentum ETF
XMVM
$505M
| $967K | ﹤0.01% |
27,437
+14,027
| +105% | +$475K |
|
1866
Appian
APPN
$1.94B
| $964K | ﹤0.01% |
25,221
+9,069
| +56% | +$391K |
|
1867
PIMCO Broad US TIPS Index Exchange-Traded Fund
TIPZ
$88.9M
| $964K | ﹤0.01% |
16,097
-444
| -3% | -$26.6K |
|
1868
VanEck Oil Services ETF
OIH
$2.01B
| $962K | ﹤0.01% |
3,629
-391
| -10% | -$93.5K |
|
|
BLD
1869
DELISTED
TopBuild
BLD
| $960K | ﹤0.01% |
9,311
+144
| +2% | +$15K |
|
1870
WPP
WPP
$4.41B
| $960K | ﹤0.01% |
13,658
-11,769
| -46% | -$746K |
|
|
EVN
1871
Eaton Vance Municipal Income Trust
EVN
$416M
| $958K | ﹤0.01% |
75,176
+13,168
| +21% | +$168K |
|
1872
Pentair
PNR
$10.6B
| $958K | ﹤0.01% |
20,895
+2,916
| +16% | +$123K |
|
|
MNR
1873
DELISTED
Monmouth Real Estate Investment Corp
MNR
| $957K | ﹤0.01% |
66,089
+8,469
| +15% | +$125K |
|
1874
Molson Coors Class B
TAP
$7.79B
| $956K | ﹤0.01% |
17,741
+5,308
| +43% | +$286K |
|
1875
Marvell Technology
MRVL
$165B
| $955K | ﹤0.01% |
35,941
+3,557
| +11% | +$90.1K |
|
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.