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 | |
|---|---|---|---|---|---|---|
2076
Huntsman Corp
HUN
$2.12B
| $724K | ﹤0.01% |
29,958
-1,650
| -5% | -$38.2K |
|
2077
VanEck Video Gaming and eSports ETF
ESPO
$253M
| $722K | ﹤0.01% |
18,943
+8,360
| +79% | +$297K |
|
2078
Viasat
VSAT
$10.7B
| $722K | ﹤0.01% |
9,869
+5,040
| +104% | +$361K |
|
2079
Autohome
ATHM
$2.63B
| $721K | ﹤0.01% |
9,017
+4,176
| +86% | +$325K |
|
|
ITI
2080
DELISTED
Iteris, Inc.
ITI
| $721K | ﹤0.01% |
144,400
-1,600
| -1% | -$8.15K |
|
|
CADE
2081
DELISTED
Cadence Bancorporation
CADE
| $721K | ﹤0.01% |
39,790
-1,756
| -4% | -$29.3K |
|
2082
Fortune Brands Innovations
FBIN
$5.88B
| $720K | ﹤0.01% |
12,885
+845
| +7% | +$44.4K |
|
|
GOOS
2083
Canada Goose Holdings
GOOS
$904M
| $719K | ﹤0.01% |
19,834
+992
| +5% | +$38.3K |
|
2084
Owens Corning
OC
$11.2B
| $714K | ﹤0.01% |
10,968
-1,206
| -10% | -$77.2K |
|
|
DOC
2085
DELISTED
PHYSICIANS REALTY TRUST
DOC
| $713K | ﹤0.01% |
37,645
-2,740
| -7% | -$50.3K |
|
2086
SLR Investment Corp
SLRC
$696M
| $712K | ﹤0.01% |
34,516
+3,574
| +12% | +$73.4K |
|
|
MCA
2087
DELISTED
BLACKROCK MUNIYIELD CALIFORNIA QUALITY FUND, INC
MCA
| $712K | ﹤0.01% |
50,122
+8,119
| +19% | +$116K |
|
|
KL
2088
DELISTED
Kirkland Lake Gold Ltd Ordinary
KL
| $712K | ﹤0.01% |
16,160
-8,683
| -35% | -$385K |
|
|
VMM
2089
DELISTED
Delaware Investments Minnesota Municipal Income Fund II
VMM
| $711K | ﹤0.01% |
54,086
-596
| -1% | -$7.79K |
|
2090
Associated Banc-Corp
ASB
$5.8B
| $709K | ﹤0.01% |
32,147
-1,553
| -5% | -$32.8K |
|
2091
John Hancock Multifactor Emerging Markets ETF
JHEM
$982M
| $709K | ﹤0.01% |
26,577
+3,386
| +15% | +$86.4K |
|
|
NBIS
2092
Nebius Group N.V.
NBIS
$47.8B
| $709K | ﹤0.01% |
16,292
+728
| +5% | +$27.1K |
|
|
DBL
2093
DoubleLine Opportunistic Credit Fund
DBL
$278M
| $708K | ﹤0.01% |
34,317
-811
| -2% | -$16.8K |
|
2094
Diodes
DIOD
$3.77B
| $708K | ﹤0.01% |
12,532
+501
| +4% | +$23.2K |
|
2095
AdvisorShares Ranger Equity Bear ETF
HDGE
$59.8M
| $707K | ﹤0.01% |
13,185
-13,823
| -51% | -$834K |
|
2096
Alcoa
AA
$11.9B
| $705K | ﹤0.01% |
32,777
-5,791
| -15% | -$120K |
|
|
BHR.PRB
2097
Braemar Hotels & Resorts 5.50% Series B Preferred Stock
BHR.PRB
$52.5M
| $705K | ﹤0.01% |
37,123
-3,770
| -9% | -$74.2K |
|
2098
Devon Energy
DVN
$50.9B
| $703K | ﹤0.01% |
27,073
-52,953
| -66% | -$1.19M |
|
2099
Encompass Health
EHC
$11B
| $703K | ﹤0.01% |
12,765
-173
| -1% | -$9.39K |
|
|
INN
2100
Summit Hotel Properties
INN
$748M
| $699K | ﹤0.01% |
56,637
-1,169
| -2% | -$14K |
|
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.