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 Morningstar 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 | |
|---|---|---|---|---|---|---|
2026
Elanco Animal Health
ELAN
$12.8B
| $897K | ﹤0.01% |
32,119
+4,972
| +18% | +$126K |
|
|
ADRE
2027
DELISTED
Invesco BLDRS Emerging Markets 50 ADR Index Fund
ADRE
| $897K | ﹤0.01% |
19,192
+1,492
| +8% | +$68K |
|
2028
Invesco Next Gen Connectivity ETF
KNCT
$162M
| $894K | ﹤0.01% |
13,070
-211
| -2% | -$14.6K |
|
|
KW
2029
DELISTED
Kennedy-Wilson Holdings
KW
| $894K | ﹤0.01% |
61,541
+6,941
| +13% | +$103K |
|
2030
Restaurant Brands International
QSR
$25.6B
| $893K | ﹤0.01% |
15,532
+5,227
| +51% | +$291K |
|
2031
RELX
RELX
$64.2B
| $893K | ﹤0.01% |
39,903
-939
| -2% | -$21.2K |
|
|
GORV
2032
DELISTED
Lazydays
GORV
| $892K | ﹤0.01% |
2,344
-49
| -2% | -$18.1K |
|
2033
Invesco CurrencyShares Swiss Franc Trust
FXF
$397M
| $890K | ﹤0.01% |
8,976
+4,998
| +126% | +$498K |
|
2034
Sonoco
SON
$5.8B
| $889K | ﹤0.01% |
17,402
-142
| -0.8% | -$7.51K |
|
2035
Boston Properties
BXP
$11.3B
| $888K | ﹤0.01% |
11,060
+690
| +7% | +$60.2K |
|
2036
Invesco S&P SmallCap 600 Pure Value ETF
RZV
$304M
| $887K | ﹤0.01% |
17,539
-15,565
| -47% | -$795K |
|
|
WNS
2037
DELISTED
WNS Holdings
WNS
| $887K | ﹤0.01% |
13,875
+5,236
| +61% | +$330K |
|
2038
Goodyear
GT
$2.07B
| $882K | ﹤0.01% |
114,972
+12,899
| +13% | +$120K |
|
2039
Nuveen Real Asset Income & Growth Fund
JRI
$349M
| $881K | ﹤0.01% |
73,013
+11,360
| +18% | +$138K |
|
2040
RBC Bearings
RBC
$17.9B
| $881K | ﹤0.01% |
7,269
+257
| +4% | +$32.9K |
|
2041
F5
FFIV
$23.4B
| $880K | ﹤0.01% |
7,168
+3,502
| +96% | +$471K |
|
2042
Protolabs
PRLB
$2.11B
| $880K | ﹤0.01% |
6,796
+1,170
| +21% | +$154K |
|
2043
Vident US Bond Strategy ETF
VBND
$526M
| $880K | ﹤0.01% |
16,987
+1,294
| +8% | +$67K |
|
|
MRO
2044
DELISTED
Marathon Oil Corporation
MRO
| $877K | ﹤0.01% |
214,382
+2,983
| +1% | +$15.8K |
|
|
IPHI
2045
DELISTED
INPHI CORPORATION
IPHI
| $876K | ﹤0.01% |
7,801
+763
| +11% | +$89K |
|
|
ISD
2046
PGIM High Yield Bond Fund
ISD
$419M
| $875K | ﹤0.01% |
63,361
+1,117
| +2% | +$15.4K |
|
2047
WisdomTree Global ex-U.S. Quality Growth Fund
DNL
$494M
| $873K | ﹤0.01% |
26,192
-1,578
| -6% | -$52.5K |
|
2048
State Street SPDR Portfolio Europe ETF
SPEU
$740M
| $873K | ﹤0.01% |
26,609
+3,147
| +13% | +$105K |
|
2049
Hubbell
HUBB
$26.5B
| $872K | ﹤0.01% |
6,375
+1,598
| +33% | +$220K |
|
2050
Invesco Active US Real Estate Fund
PSR
$60.3M
| $872K | ﹤0.01% |
10,760
-8,971
| -45% | -$738K |
|
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.