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 | |
|---|---|---|---|---|---|---|
2201
Yeti Holdings
YETI
$3.76B
| $610K | ﹤0.01% |
17,549
-6,121
| -26% | -$193K |
|
|
BWG
2202
BrandywineGLOBAL Global Income Opportunities Fund
BWG
$129M
| $609K | ﹤0.01% |
48,230
+12,325
| +34% | +$152K |
|
|
SFIX
2203
Stitch Fix
SFIX
$547M
| $609K | ﹤0.01% |
23,737
+1,876
| +9% | +$43.6K |
|
|
TCF
2204
DELISTED
TCF Financial Corporation Common Stock
TCF
| $609K | ﹤0.01% |
13,006
+176
| +1% | +$7.3K |
|
2205
iShares MSCI Indonesia ETF
EIDO
$480M
| $608K | ﹤0.01% |
23,677
-2,920
| -11% | -$72.7K |
|
2206
Equity Lifestyle Properties
ELS
$12.7B
| $608K | ﹤0.01% |
8,642
-8,692
| -50% | -$604K |
|
2207
New England Realty Associates
NEN
$199M
| $608K | ﹤0.01% |
9,802
| – | – |
|
|
PCH
2208
DELISTED
PotlatchDeltic
PCH
| $607K | ﹤0.01% |
14,033
+85
| +0.6% | +$3.63K |
|
|
AVTA
2209
DELISTED
Avantax, Inc. Common Stock
AVTA
| $607K | ﹤0.01% |
23,213
+5,575
| +32% | +$125K |
|
2210
Deluxe
DLX
$1.19B
| $606K | ﹤0.01% |
12,145
+2,895
| +31% | +$144K |
|
2211
Hovnanian Enterprises
HOV
$758M
| $606K | ﹤0.01% |
29,037
+11,929
| +70% | +$282K |
|
|
ZMLP
2212
DELISTED
Direxion Zacks MLP High Income Index Shares
ZMLP
| $606K | ﹤0.01% |
6,325
+1,873
| +42% | +$180K |
|
2213
RB Global
RBA
$20.5B
| $605K | ﹤0.01% |
14,080
-1,909
| -12% | -$79.5K |
|
|
TYG
2214
Tortoise Energy Infrastructure Corp
TYG
$1.09B
| $604K | ﹤0.01% |
8,423
-581
| -6% | -$42.6K |
|
|
IRBT
2215
DELISTED
iRobot
IRBT
| $603K | ﹤0.01% |
11,906
+919
| +8% | +$46.1K |
|
|
AYR
2216
DELISTED
Aircastle Ltd
AYR
| $603K | ﹤0.01% |
18,835
-2,217
| -11% | -$64K |
|
2217
State Street SPDR Portfolio Europe ETF
SPEU
$732M
| $602K | ﹤0.01% |
16,517
+1,734
| +12% | +$60.1K |
|
|
TERP
2218
DELISTED
TerraForm Power, Inc
TERP
| $600K | ﹤0.01% |
38,975
+2,468
| +7% | +$39.8K |
|
2219
Coca-Cola Consolidated
COKE
$12.6B
| $599K | ﹤0.01% |
21,070
-4,250
| -17% | -$119K |
|
|
CTRA
2220
DELISTED
Coterra Energy
CTRA
| $599K | ﹤0.01% |
34,420
+23,830
| +225% | +$414K |
|
2221
First Horizon
FHN
$12.1B
| $599K | ﹤0.01% |
36,151
+8,398
| +30% | +$136K |
|
2222
Invesco Russell 1000 Dynamic Multifactor ETF
OMFL
$4.74B
| $598K | ﹤0.01% |
17,868
-286
| -2% | -$9.16K |
|
2223
Sprott Physical Silver Trust
PSLV
$12.2B
| $596K | ﹤0.01% |
91,180
-29,781
| -25% | -$189K |
|
2224
CRH
CRH
$64.1B
| $593K | ﹤0.01% |
14,693
+2,351
| +19% | +$87.1K |
|
|
FSFG
2225
DELISTED
First Savings Financial Group
FSFG
| $593K | ﹤0.01% |
26,496
+63
| +0.2% | +$1.36K |
|
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.