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 | |
|---|---|---|---|---|---|---|
176
Invesco Preferred ETF
PGX
$3.84B
| $50.2M | 0.1% |
3,340,384
-264,706
| -7% | -$3.94M |
|
177
VictoryShares US 500 Enhanced Volatility Wtd ETF
CFO
$415M
| $49.9M | 0.1% |
1,012,141
-76,853
| -7% | -$3.76M |
|
178
ARK Innovation ETF
ARKK
$5.89B
| $49.9M | 0.1% |
1,162,582
-48,121
| -4% | -$2.21M |
|
179
Caterpillar
CAT
$409B
| $49.8M | 0.1% |
394,116
-5,744
| -1% | -$730K |
|
180
Duke Energy
DUK
$102B
| $49M | 0.1% |
511,473
+6,459
| +1% | +$588K |
|
181
iShares US Technology ETF
IYW
$23.7B
| $48.9M | 0.1% |
958,308
+42,040
| +5% | +$2.14M |
|
182
FS KKR Capital
FSK
$2.98B
| $48.8M | 0.1% |
2,092,723
-100,290
| -5% | -$2.35M |
|
183
WisdomTree Trust WisdomTree US Quality Dividend Growth Fund
DGRW
$16.6B
| $48.7M | 0.1% |
1,079,525
+143,409
| +15% | +$6.35M |
|
184
First Trust US Equity Opportunities ETF
FPX
$1.51B
| $48.5M | 0.1% |
639,459
-60,506
| -9% | -$4.76M |
|
185
Amgen
AMGN
$203B
| $47.9M | 0.1% |
247,363
-3,504
| -1% | -$673K |
|
186
Vanguard Russell 1000 Growth ETF
VONG
$42.5B
| $47.3M | 0.1% |
1,152,496
+63,300
| +6% | +$2.61M |
|
187
First Trust Large Cap Growth AlphaDEX Fund
FTC
$1.31B
| $46.8M | 0.1% |
669,367
+64,954
| +11% | +$4.61M |
|
188
Altria Group
MO
$122B
| $46.7M | 0.1% |
1,143,010
-184,067
| -14% | -$8.47M |
|
189
Alerian MLP ETF
AMLP
$13B
| $46.2M | 0.09% |
1,010,645
-21,350
| -2% | -$1.01M |
|
190
Vanguard Total World Stock ETF
VT
$76.3B
| $45.9M | 0.09% |
613,242
+15,278
| +3% | +$1.14M |
|
191
VanEck Gold Miners ETF
GDX
$23B
| $45.8M | 0.09% |
1,716,204
+198,243
| +13% | +$5.55M |
|
192
NextEra Energy
NEE
$187B
| $45.7M | 0.09% |
784,524
+76,564
| +11% | +$4.14M |
|
193
iShares 1-5 Year Investment Grade Corporate Bond ETF
IGSB
$22.8B
| $45.5M | 0.09% |
848,635
+61,178
| +8% | +$3.27M |
|
194
Goldman Sachs Access Treasury 0-1 Year ETF
GBIL
$7.68B
| $45.2M | 0.09% |
450,550
-106,706
| -19% | -$10.7M |
|
195
IBM
IBM
$202B
| $44.9M | 0.09% |
322,959
+14,806
| +5% | +$2M |
|
196
Vanguard Short-Term Treasury ETF
VGSH
$29.3B
| $44.8M | 0.09% |
734,554
+69,756
| +10% | +$4.25M |
|
197
Philip Morris
PM
$301B
| $44.7M | 0.09% |
588,795
-9,862
| -2% | -$781K |
|
198
First Trust Morningstar Dividend Leaders Index Fund
FDL
$7.72B
| $43.3M | 0.09% |
1,394,312
-158,289
| -10% | -$4.84M |
|
199
BP
BP
$113B
| $43.2M | 0.09% |
1,135,876
+78,672
| +7% | +$3M |
|
200
Vanguard Extended Market ETF
VXF
$30.3B
| $43.1M | 0.09% |
370,781
-11,699
| -3% | -$1.38M |
|
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.