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 | |
|---|---|---|---|---|---|---|
2026
Fluor
FLR
$6.99B
| $674K | ﹤0.01% |
35,249
-11,712
| -25% | -$280K |
|
2027
Avista
AVA
$3.39B
| $673K | ﹤0.01% |
13,890
+364
| +3% | +$16.9K |
|
2028
Texas Pacific Land
TPL
$27.2B
| $673K | ﹤0.01% |
9,324
-819
| -8% | -$63.8K |
|
2029
Wyndham Hotels & Resorts
WH
$5.65B
| $672K | ﹤0.01% |
12,997
+534
| +4% | +$29.2K |
|
|
INN
2030
Summit Hotel Properties
INN
$748M
| $671K | ﹤0.01% |
57,806
-301
| -0.5% | -$3.44K |
|
|
HTT
2031
High Templar Tech Ltd
HTT
$379M
| $670K | ﹤0.01% |
97,248
+175
| +0.2% | +$1.41K |
|
|
SPR
2032
DELISTED
Spirit AeroSystems
SPR
| $670K | ﹤0.01% |
8,152
+856
| +12% | +$67K |
|
2033
Invesco DB Agriculture Fund
DBA
$1.23B
| $669K | ﹤0.01% |
42,171
-1,966
| -4% | -$30.9K |
|
2034
Gaming and Leisure Properties
GLPI
$12.7B
| $669K | ﹤0.01% |
17,506
-590
| -3% | -$22.6K |
|
2035
Nuveen Real Asset Income & Growth Fund
JRI
$353M
| $669K | ﹤0.01% |
38,214
+98
| +0.3% | +$1.66K |
|
|
AUY
2036
DELISTED
Yamana Gold, Inc.
AUY
| $667K | ﹤0.01% |
209,601
+130,039
| +163% | +$415K |
|
|
HRC
2037
DELISTED
HILL-ROM HOLDINGS, INC.
HRC
| $667K | ﹤0.01% |
6,337
+283
| +5% | +$29.9K |
|
|
WPX
2038
DELISTED
WPX Energy, Inc.
WPX
| $667K | ﹤0.01% |
62,978
-7,792
| -11% | -$82.2K |
|
2039
H&R Block
HRB
$5.61B
| $666K | ﹤0.01% |
28,189
-1,100
| -4% | -$29.1K |
|
2040
Hubbell
HUBB
$25B
| $665K | ﹤0.01% |
5,065
-16
| -0.3% | -$2.06K |
|
2041
Voya Financial
VOYA
$9.09B
| $665K | ﹤0.01% |
12,210
-438
| -3% | -$23.4K |
|
|
TERP
2042
DELISTED
TerraForm Power, Inc
TERP
| $665K | ﹤0.01% |
36,507
+6,228
| +21% | +$101K |
|
2043
Affiliated Managers Group
AMG
$9.65B
| $664K | ﹤0.01% |
7,962
-233
| -3% | -$19.5K |
|
2044
SFL Corp
SFL
$1.64B
| $664K | ﹤0.01% |
47,285
+799
| +2% | +$10.7K |
|
2045
iShares Fallen Angels USD Bond ETF
FALN
$1.63B
| $663K | ﹤0.01% |
24,757
+9,414
| +61% | +$251K |
|
2046
Yeti Holdings
YETI
$3.76B
| $663K | ﹤0.01% |
23,670
+4,049
| +21% | +$123K |
|
2047
APA Corp
APA
$12.8B
| $662K | ﹤0.01% |
25,846
+370
| +1% | +$8.88K |
|
2048
Independence Realty Trust
IRT
$3.93B
| $662K | ﹤0.01% |
46,241
-10,899
| -19% | -$143K |
|
|
COMG
2049
DELISTED
GraniteShares S&P GSCI Commodity Broad Strategy No K-1 ETF
COMG
| $662K | ﹤0.01% |
31,556
+469
| +2% | +$9.97K |
|
|
DHY
2050
Credit Suisse High Yield Credit Fund
DHY
$242M
| $661K | ﹤0.01% |
259,161
+7,219
| +3% | +$18.3K |
|
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.