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 |
Goldman Sachs ActiveBeta US Large Cap Equity ETF
GSLC
|
+$239M |
| 2 |
iShares Core S&P 500 ETF
IVV
|
+$94.9M |
| 3 |
Goldman Sachs Access US Aggregate Bond ETF
GCOR
|
+$87.2M |
| 4 |
Goldman Sachs ActiveBeta International Equity ETF
GSIE
|
+$85.4M |
| 5 |
Apple
AAPL
|
+$81.6M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
iShares S&P 500 Growth ETF
IVW
|
+$135M |
| 2 |
Vanguard Total Stock Market ETF
VTI
|
+$117M |
| 3 |
iShares S&P 500 Value ETF
IVE
|
+$108M |
| 4 |
iShares Core MSCI Emerging Markets ETF
IEMG
|
+$81.2M |
| 5 |
iShares Core MSCI EAFE ETF
IEFA
|
+$57.5M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 6.1% |
| 2 | Consumer Discretionary | 3.02% |
| 3 | Healthcare | 2.68% |
| 4 | Financials | 2.54% |
| 5 | Communication Services | 2.3% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
176
Vanguard Russell 1000 Growth ETF
VONG
$41.2B
| $70.1M | 0.11% |
1,257,864
+25,372
| +2% | +$1.37M |
|
177
iShares Biotechnology ETF
IBB
$9.45B
| $70M | 0.11% |
517,222
+16,407
| +3% | +$2.23M |
|
178
Vanguard Mid-Cap Growth ETF
VOT
$18.9B
| $69.2M | 0.11% |
383,965
+27,964
| +8% | +$4.93M |
|
179
iShares Morningstar Growth ETF
ILCG
$3B
| $68.9M | 0.11% |
1,288,430
-138,790
| -10% | -$7.15M |
|
180
Bank of America
BAC
$429B
| $68.9M | 0.11% |
2,858,201
-32,926
| -1% | -$820K |
|
181
Qualcomm
QCOM
$164B
| $68.8M | 0.11% |
584,320
-14,894
| -2% | -$1.59M |
|
182
Abbott
ABT
$188B
| $68.5M | 0.11% |
629,830
+47,653
| +8% | +$4.83M |
|
183
iShares US Financial Services ETF
IYG
$2.13B
| $66.3M | 0.1% |
1,629,168
+75,381
| +5% | +$3.11M |
|
184
First Trust Managed Municipal ETF
FMB
$2.04B
| $66M | 0.1% |
1,187,397
+190,525
| +19% | +$10.6M |
|
185
First Trust Rising Dividend Achievers ETF
RDVY
$24.4B
| $66M | 0.1% |
2,016,850
+115,494
| +6% | +$3.75M |
|
186
Lowe's Companies
LOW
$121B
| $65.3M | 0.1% |
393,611
+39,318
| +11% | +$6.05M |
|
187
Invesco S&P 500 Quality ETF
SPHQ
$19B
| $64.4M | 0.1% |
1,665,095
+340,946
| +26% | +$12.9M |
|
188
Invesco Preferred ETF
PGX
$3.79B
| $64.3M | 0.1% |
4,363,754
-253,453
| -5% | -$3.72M |
|
189
iShares S&P Mid-Cap 400 Growth ETF
IJK
$10.6B
| $64.1M | 0.1% |
1,072,628
+53,128
| +5% | +$3.16M |
|
190
Pacer Trendpilot US Large Cap ETF
PTLC
$3.19B
| $64.1M | 0.1% |
2,169,840
-669,541
| -24% | -$19.5M |
|
191
Vanguard Large-Cap ETF
VV
$51.2B
| $63.5M | 0.1% |
406,129
+11,120
| +3% | +$1.71M |
|
192
iShares Russell 2000 Growth ETF
IWO
$14.1B
| $62M | 0.1% |
280,012
+6,253
| +2% | +$1.37M |
|
193
State Street SPDR S&P MIDCAP 400 ETF Trust
MDY
$26.4B
| $61.5M | 0.1% |
181,415
-95,399
| -34% | -$32.6M |
|
194
First Trust US Equity Opportunities ETF
FPX
$1.43B
| $61.2M | 0.1% |
633,429
-15,480
| -2% | -$1.41M |
|
195
Invesco S&P MidCap Low Volatility ETF
XMLV
$762M
| $61.1M | 0.1% |
1,466,040
-338,410
| -19% | -$14.4M |
|
196
Schwab US Large- Cap ETF
SCHX
$70.3B
| $61M | 0.1% |
4,541,742
+316,530
| +7% | +$4.21M |
|
197
Bristol-Myers Squibb
BMY
$129B
| $61M | 0.1% |
1,011,189
+100,138
| +11% | +$6.03M |
|
|
DOCU
198
DocuSign
DOCU
$11.1B
| $60.3M | 0.09% |
280,110
+10,706
| +4% | +$2.22M |
|
199
Vanguard Consumer Staples ETF
VDC
$8.16B
| $59.9M | 0.09% |
366,909
-66,367
| -15% | -$10.7M |
|
200
Comcast
CMCSA
$87.3B
| $59.5M | 0.09% |
1,285,652
+42,319
| +3% | +$1.84M |
|
Similar funds
LPL Financial's Q3 2020 Portfolio in Review
As of Q3 2020, LPL Financial held 3,702 positions worth $64B, up 12% from $57.4B the previous quarter. Its ten largest holdings account for 21% of the portfolio.
LPL Financial deployed $2.84B of net new capital in Q3 2020, opening 233 new positions and adding to 1,921 existing holdings. Its largest new stake was Goldman Sachs Access US Aggregate Bond ETF: 1,744,998 shares worth $87M.
By sector, the portfolio is most concentrated in Technology at 6.1% of assets, up from 5.5% a quarter earlier, followed by Consumer Discretionary and Healthcare.
On the sell side, the largest reduction was iShares S&P 500 Growth ETF, an estimated $135M trimmed.
- LPL Financial's largest Q3 2020 buy was Goldman Sachs Access US Aggregate Bond ETF: 1,744,998 shares worth $87M.
- LPL Financial added most to Goldman Sachs ActiveBeta US Large Cap Equity ETF in Q3 2020, an estimated $239M increase.
- LPL Financial's biggest Q3 2020 reduction was iShares S&P 500 Growth ETF, cutting an estimated $135M.
- LPL Financial fully exited iShares iBonds Sep 2020 Term Muni Bond ETF in Q3 2020, selling an estimated $6.02M.
- LPL Financial's ten largest holdings make up 21% of its $64B portfolio in Q3 2020.
- LPL Financial opened 233 new positions and closed 157 in Q3 2020.
- LPL Financial's portfolio value rose 12% quarter-over-quarter to $64B.
Based on LPL Financial's 13F filing for Q3 2020, filed 9 Nov 2020.