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
|
+$195M |
| 2 |
Invesco QQQ Trust
QQQ
|
+$96.8M |
| 3 |
iShares US Treasury Bond ETF
GOVT
|
+$89.9M |
| 4 |
First Trust Value Line Dividend Fund
FVD
|
+$89.8M |
| 5 |
Vanguard Total Bond Market
BND
|
+$76.5M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
iShares MSCI USA Momentum Factor ETF
MTUM
|
+$43.7M |
| 2 |
Vanguard Morningstar Total Stock Market ETF
VTI
|
+$40.7M |
| 3 |
Invesco FTSE RAFI US 1000 ETF
PRF
|
+$40.2M |
| 4 |
State Street Consumer Discretionary Select Sector SPDR ETF
XLY
|
+$38.1M |
| 5 |
iShares Short Maturity Bond ETF
NEAR
|
+$34.3M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 4.06% |
| 2 | Financials | 2.86% |
| 3 | Healthcare | 2.41% |
| 4 | Communication Services | 2.14% |
| 5 | Consumer Discretionary | 2.11% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
2051
Planet Fitness
PLNT
$4.43B
| $748K | ﹤0.01% |
10,019
-856
| -8% | -$57.7K |
|
2052
Invesco Fundamental Investment Grade Corporate Bond ETF
PFIG
$115M
| $745K | ﹤0.01% |
28,383
-33
| -0.1% | -$865 |
|
2053
Invesco S&P 500 Equal Weight Energy ETF
RSPG
$555M
| $745K | ﹤0.01% |
15,562
+7,367
| +90% | +$327K |
|
2054
WaFd
WAFD
$2.69B
| $745K | ﹤0.01% |
20,323
-1,642
| -7% | -$60.3K |
|
|
KTF
2055
DWS Municipal Income Trust
KTF
$346M
| $744K | ﹤0.01% |
65,667
+10,296
| +19% | +$118K |
|
|
JMF
2056
DELISTED
NUVEEN ENERGY MLP TOTAL RETURN FUND
JMF
| $743K | ﹤0.01% |
95,709
+9,971
| +12% | +$77K |
|
2057
iShares Global Industrials ETF
EXI
$1.41B
| $741K | ﹤0.01% |
7,621
+1,726
| +29% | +$164K |
|
|
HRC
2058
DELISTED
HILL-ROM HOLDINGS, INC.
HRC
| $738K | ﹤0.01% |
6,504
+167
| +3% | +$17.6K |
|
2059
Cheniere Energy
CQP
$31.5B
| $737K | ﹤0.01% |
18,524
+4,279
| +30% | +$180K |
|
2060
East-West Bancorp
EWBC
$17.9B
| $737K | ﹤0.01% |
15,125
+1,934
| +15% | +$87.2K |
|
2061
Medifast
MED
$110M
| $737K | ﹤0.01% |
+6,729
| New | +$651K |
|
|
EVRI
2062
DELISTED
Everi Holdings
EVRI
| $736K | ﹤0.01% |
54,815
+18,480
| +51% | +$211K |
|
|
P
2063
Everpure Inc
P
$25B
| $736K | ﹤0.01% |
43,008
+1,385
| +3% | +$24.5K |
|
2064
First Trust Alerian Disruptive Technology Real Estate ETF
DTRE
$14.9M
| $733K | ﹤0.01% |
15,107
-1,420
| -9% | -$70.3K |
|
2065
Fortive
FTV
$17.7B
| $733K | ﹤0.01% |
15,219
+1,979
| +15% | +$89.4K |
|
2066
Arrow Dow Jones Global Yield ETF
GYLD
$36.8M
| $733K | ﹤0.01% |
45,481
-1,677
| -4% | -$26.6K |
|
2067
HDFC Bank
HDB
$124B
| $729K | ﹤0.01% |
23,002
+3,844
| +20% | +$117K |
|
2068
H&R Block
HRB
$5.61B
| $729K | ﹤0.01% |
31,066
+2,877
| +10% | +$69.1K |
|
|
USCR
2069
DELISTED
U S Concrete, Inc.
USCR
| $729K | ﹤0.01% |
17,506
+4,869
| +39% | +$223K |
|
|
EOT
2070
Eaton Vance National Municipal Opportunities Trust
EOT
$270M
| $728K | ﹤0.01% |
33,629
+1,098
| +3% | +$24.8K |
|
|
MLNX
2071
DELISTED
Mellanox Technologies, Ltd.
MLNX
| $728K | ﹤0.01% |
6,209
+51
| +0.8% | +$5.79K |
|
|
HFXE
2072
DELISTED
IQ 50 Percent Hedged FTSE Europe ETF
HFXE
| $728K | ﹤0.01% |
34,834
+1,285
| +4% | +$26K |
|
2073
BlackRock Enhanced Captial and Income Fund
CII
$980M
| $727K | ﹤0.01% |
42,145
+10,838
| +35% | +$179K |
|
2074
Integer Holdings
ITGR
$3.42B
| $726K | ﹤0.01% |
9,009
-1,566
| -15% | -$120K |
|
2075
LivePerson
LPSN
$22M
| $726K | ﹤0.01% |
1,308
+247
| +23% | +$142K |
|
Similar funds
LPL Financial's Q4 2019 Portfolio in Review
As of Q4 2019, LPL Financial held 3,501 positions worth $55B, up 12% from $49.1B the previous quarter. Its ten largest holdings account for 22% of the portfolio.
LPL Financial deployed $2.86B of net new capital in Q4 2019, opening 217 new positions and adding to 1,885 existing holdings. Its largest new stake was iShares MSCI Italy ETF: 448,375 shares worth $13.2M.
By sector, the portfolio is most concentrated in Technology at 4.1% of assets, up from 3.6% a quarter earlier, followed by Financials and Healthcare.
On the sell side, the largest reduction was iShares MSCI USA Momentum Factor ETF, an estimated $43.7M trimmed.
- LPL Financial's largest Q4 2019 buy was iShares MSCI Italy ETF: 448,375 shares worth $13.2M.
- LPL Financial added most to iShares MSCI USA Quality Factor ETF in Q4 2019, an estimated $195M increase.
- LPL Financial's biggest Q4 2019 reduction was iShares MSCI USA Momentum Factor ETF, cutting an estimated $43.7M.
- LPL Financial fully exited iShares iBonds Dec 2019 Term Corporate ETF in Q4 2019, selling an estimated $16.8M.
- LPL Financial's ten largest holdings make up 22% of its $55B portfolio in Q4 2019.
- LPL Financial opened 217 new positions and closed 160 in Q4 2019.
- LPL Financial's portfolio value rose 12% quarter-over-quarter to $55B.
Based on LPL Financial's 13F filing for Q4 2019, filed 14 Feb 2020.