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 | |
|---|---|---|---|---|---|---|
|
PPLT
2001
abrdn Physical Platinum Shares ETF
PPLT
$1.89B
| $698K | ﹤0.01% |
83,570
+6,190
| +8% | +$51.5K |
|
2002
Global X S&P 500 Catholic Values ETF
CATH
$1.28B
| $697K | ﹤0.01% |
19,105
+653
| +4% | +$23.6K |
|
2003
NiSource
NI
$21.6B
| $697K | ﹤0.01% |
23,309
+302
| +1% | +$8.86K |
|
2004
Cooper Companies
COO
$14.2B
| $695K | ﹤0.01% |
9,356
-6,504
| -41% | -$524K |
|
2005
First Trust Exchange-Traded Fund VI First Trust S&P International Dividend Aristocrats ETF
FID
$169M
| $693K | ﹤0.01% |
40,339
+5,247
| +15% | +$88.4K |
|
2006
Keurig Dr Pepper
KDP
$43B
| $693K | ﹤0.01% |
25,383
+3,183
| +14% | +$88.8K |
|
2007
Ally Financial
ALLY
$13.2B
| $692K | ﹤0.01% |
20,861
+4,620
| +28% | +$150K |
|
2008
Ollie's Bargain Outlet
OLLI
$4.4B
| $690K | ﹤0.01% |
11,775
-13,522
| -53% | -$1.01M |
|
2009
Advanced Energy
AEIS
$11B
| $687K | ﹤0.01% |
11,962
-382
| -3% | -$20.6K |
|
2010
Davis Select International ETF
DINT
$290M
| $687K | ﹤0.01% |
39,512
-7,362
| -16% | -$128K |
|
2011
Ingredion
INGR
$6.33B
| $687K | ﹤0.01% |
8,407
-7,011
| -45% | -$556K |
|
2012
AMN Healthcare
AMN
$1.35B
| $686K | ﹤0.01% |
11,921
+1,051
| +10% | +$58.2K |
|
2013
BorgWarner
BWA
$13.2B
| $686K | ﹤0.01% |
21,249
+10,623
| +100% | +$342K |
|
2014
abrdn Physical Precious Metals Basket Shares ETF
GLTR
$2.51B
| $685K | ﹤0.01% |
9,439
-597
| -6% | -$42.9K |
|
|
ABLG
2015
Abacus FCF International Leaders ETF
ABLG
$16M
| $685K | ﹤0.01% |
26,550
-14,750
| -36% | -$381K |
|
|
FMBI
2016
DELISTED
First Midwest Bancorp Inc/IL
FMBI
| $683K | ﹤0.01% |
35,077
-962
| -3% | -$19.1K |
|
2017
Associated Banc-Corp
ASB
$5.8B
| $682K | ﹤0.01% |
33,700
+4,085
| +14% | +$82.5K |
|
2018
Middleby
MIDD
$6.03B
| $682K | ﹤0.01% |
5,836
-995
| -15% | -$122K |
|
2019
FlexShares STOXX Global Broad Infrastructure Index Fund
NFRA
$3.01B
| $680K | ﹤0.01% |
13,150
+1,630
| +14% | +$83.4K |
|
2020
Pentair
PNR
$10.6B
| $680K | ﹤0.01% |
17,979
-2,567
| -12% | -$95.4K |
|
|
VGR
2021
DELISTED
Vector Group Ltd.
VGR
| $680K | ﹤0.01% |
80,505
-12,348
| -13% | -$94.6K |
|
|
IRBT
2022
DELISTED
iRobot
IRBT
| $678K | ﹤0.01% |
10,987
+1,384
| +14% | +$99.1K |
|
2023
State Street SPDR S&P Global Dividend ETF
WDIV
$280M
| $676K | ﹤0.01% |
10,006
+1,533
| +18% | +$102K |
|
2024
Nomad Foods
NOMD
$1.73B
| $675K | ﹤0.01% |
32,926
+1,967
| +6% | +$41.9K |
|
|
MLNX
2025
DELISTED
Mellanox Technologies, Ltd.
MLNX
| $675K | ﹤0.01% |
6,158
+332
| +6% | +$36.6K |
|
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.