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 | |
|---|---|---|---|---|---|---|
|
FSFG
2176
DELISTED
First Savings Financial Group
FSFG
| $557K | ﹤0.01% |
26,433
+69
| +0.3% | +$1.39K |
|
|
WBIA
2177
DELISTED
WBI BullBear Rising Income 2000 ETF
WBIA
| $557K | ﹤0.01% |
25,884
-47,242
| -65% | -$1.02M |
|
2178
ORIX
IX
$42.7B
| $555K | ﹤0.01% |
+36,895
| New | +$553K |
|
2179
Q2 Holdings
QTWO
$3.78B
| $554K | ﹤0.01% |
7,028
-348
| -5% | -$28.8K |
|
|
CCIF
2180
Carlyle Credit Income Fund
CCIF
$57.2M
| $553K | ﹤0.01% |
51,792
+13,551
| +35% | +$139K |
|
2181
VanEck Pharmaceutical ETF
PPH
$985M
| $553K | ﹤0.01% |
9,696
-2,260
| -19% | -$129K |
|
2182
Invesco S&P SmallCap Financials ETF
PSCF
$27.5M
| $553K | ﹤0.01% |
10,179
-10,969
| -52% | -$589K |
|
2183
MasTec
MTZ
$22.7B
| $552K | ﹤0.01% |
+8,503
| New | +$496K |
|
2184
Essent Group
ESNT
$6.28B
| $551K | ﹤0.01% |
11,558
-5,752
| -33% | -$275K |
|
2185
SS&C Technologies
SSNC
$18.9B
| $551K | ﹤0.01% |
10,691
-244
| -2% | -$12.5K |
|
2186
Dropbox
DBX
$7.78B
| $550K | ﹤0.01% |
27,252
-1,627
| -6% | -$34.7K |
|
|
DHC
2187
Diversified Healthcare Trust
DHC
$2.15B
| $550K | ﹤0.01% |
59,384
-9,789
| -14% | -$84.4K |
|
2188
VanEck Merk Gold Trust
OUNZ
$2.51B
| $550K | ﹤0.01% |
38,148
-17,106
| -31% | -$247K |
|
|
MILN
2189
Global X Millennial Consumer ETF
MILN
$101M
| $549K | ﹤0.01% |
22,123
+1,562
| +8% | +$39.4K |
|
|
QTNT
2190
DELISTED
Quotient Limited Ordinary Shares
QTNT
| $547K | ﹤0.01% |
1,761
-39
| -2% | -$15K |
|
|
ZNGA
2191
DELISTED
ZYNGA INC. CL A COMMON
ZNGA
| $547K | ﹤0.01% |
93,957
+49,884
| +113% | +$300K |
|
2192
Acadia Healthcare
ACHC
$2.55B
| $546K | ﹤0.01% |
17,565
+4,620
| +36% | +$141K |
|
2193
HDFC Bank
HDB
$123B
| $546K | ﹤0.01% |
19,158
+4,222
| +28% | +$120K |
|
2194
Matador Resources
MTDR
$6.04B
| $546K | ﹤0.01% |
33,026
+21,071
| +176% | +$352K |
|
2195
RELX
RELX
$66.7B
| $545K | ﹤0.01% |
22,978
-5
| -0% | -$119 |
|
|
NBIS
2196
Nebius Group N.V.
NBIS
$37.6B
| $545K | ﹤0.01% |
15,564
-1,564
| -9% | -$59K |
|
|
NCZ
2197
Virtus Convertible & Income Fund II
NCZ
$283M
| $544K | ﹤0.01% |
27,044
-281
| -1% | -$5.68K |
|
2198
iShares Russell 2500 ETF
SMMD
$3.53B
| $544K | ﹤0.01% |
12,225
-35
| -0.3% | -$1.57K |
|
2199
Invesco FTSE RAFI Developed Markets ex-US Small-Mid ETF
PDN
$347M
| $543K | ﹤0.01% |
18,432
-2,466
| -12% | -$72.3K |
|
|
SRCL
2200
DELISTED
Stericycle Inc
SRCL
| $543K | ﹤0.01% |
10,669
-1,281
| -11% | -$59.6K |
|
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.