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 | |
|---|---|---|---|---|---|---|
1876
CoreCivic
CXW
$2.94B
| $812K | ﹤0.01% |
46,996
+7,680
| +20% | +$135K |
|
1877
Federal Realty Investment Trust
FRT
$10.9B
| $812K | ﹤0.01% |
5,963
+203
| +4% | +$26.8K |
|
1878
National Health Investors
NHI
$3.79B
| $812K | ﹤0.01% |
9,854
+6,700
| +212% | +$545K |
|
1879
WaFd
WAFD
$2.71B
| $812K | ﹤0.01% |
21,965
-1,579
| -7% | -$56.4K |
|
|
EVBG
1880
DELISTED
Everbridge, Inc. Common Stock
EVBG
| $812K | ﹤0.01% |
13,164
+9,748
| +285% | +$827K |
|
1881
ICF International
ICFI
$1.5B
| $810K | ﹤0.01% |
9,593
+2,775
| +41% | +$225K |
|
1882
FT Vest S&P 500 Dividend Aristocrats Target Income ETF
KNG
$3.46B
| $810K | ﹤0.01% |
18,356
+4,300
| +31% | +$187K |
|
1883
Lindblad Expeditions
LIND
$1.95B
| $810K | ﹤0.01% |
48,346
+1,202
| +3% | +$21.9K |
|
|
MOMO
1884
Hello Group
MOMO
$867M
| $810K | ﹤0.01% |
26,138
+12,069
| +86% | +$410K |
|
1885
Invesco Quality Municipal Securities
IQI
$526M
| $809K | ﹤0.01% |
63,282
| – | – |
|
1886
Marvell Technology
MRVL
$147B
| $809K | ﹤0.01% |
32,384
+9,600
| +42% | +$241K |
|
1887
UDR
UDR
$12.8B
| $808K | ﹤0.01% |
16,676
+2,248
| +16% | +$106K |
|
1888
Alliance Resource Partners
ARLP
$3.34B
| $807K | ﹤0.01% |
50,407
-17,464
| -26% | -$285K |
|
1889
Vistra
VST
$48.2B
| $807K | ﹤0.01% |
30,177
+4,492
| +17% | +$107K |
|
1890
Nuveen California Municipal Value Fund
NCA
$298M
| $804K | ﹤0.01% |
75,869
| – | – |
|
1891
Invesco Global Listed Private Equity ETF
PSP
$230M
| $803K | ﹤0.01% |
13,583
-1,995
| -13% | -$119K |
|
1892
HubSpot
HUBS
$12.9B
| $802K | ﹤0.01% |
5,288
+188
| +4% | +$33.8K |
|
1893
Boston Properties
BXP
$11.6B
| $801K | ﹤0.01% |
6,180
+126
| +2% | +$16.4K |
|
|
EVN
1894
Eaton Vance Municipal Income Trust
EVN
$417M
| $799K | ﹤0.01% |
62,008
+7,018
| +13% | +$89.2K |
|
1895
Integer Holdings
ITGR
$3.39B
| $799K | ﹤0.01% |
10,575
-1,695
| -14% | -$134K |
|
|
TXNM
1896
TXNM Energy Inc
TXNM
$6.39B
| $794K | ﹤0.01% |
15,254
+536
| +4% | +$27.1K |
|
1897
Axalta
AXTA
$7.45B
| $792K | ﹤0.01% |
26,257
+1,121
| +4% | +$33.1K |
|
1898
Franklin International Low Volatility High Dividend Index ETF
LVHI
$5.36B
| $792K | ﹤0.01% |
29,626
+5,445
| +23% | +$142K |
|
|
QTS
1899
DELISTED
QTS REALTY TRUST, INC.
QTS
| $790K | ﹤0.01% |
15,358
+2,490
| +19% | +$118K |
|
1900
Harley-Davidson
HOG
$2.61B
| $789K | ﹤0.01% |
21,944
+3,119
| +17% | +$107K |
|
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.