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 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 | |
|---|---|---|---|---|---|---|
201
Invesco S&P 500 Revenue ETF
RWL
$9.51B
| $42.9M | 0.09% |
795,251
-27,245
| -3% | -$1.46M |
|
202
iShares S&P Mid-Cap 400 Value ETF
IJJ
$8.85B
| $42.3M | 0.09% |
528,966
-16,756
| -3% | -$1.32M |
|
203
RTX Corp
RTX
$287B
| $42.2M | 0.09% |
491,303
-16,549
| -3% | -$1.37M |
|
204
Salesforce
CRM
$134B
| $41.6M | 0.08% |
280,017
-2,441
| -0.9% | -$371K |
|
205
First Trust NASDAQ-100 Technology Index Fund
QTEC
$4.4B
| $41.5M | 0.08% |
474,369
+23,561
| +5% | +$2.06M |
|
206
Invesco S&P SmallCap Low Volatility ETF
XSLV
$249M
| $41.5M | 0.08% |
848,901
+115,669
| +16% | +$5.58M |
|
207
First Trust Rising Dividend Achievers ETF
RDVY
$24.3B
| $41.5M | 0.08% |
1,301,872
+101,611
| +8% | +$3.18M |
|
208
CVS Health
CVS
$137B
| $41.3M | 0.08% |
655,283
+82,882
| +14% | +$4.91M |
|
209
First Trust Smith Unconstrained Bond ETF
UCON
$3.26B
| $41.1M | 0.08% |
1,594,771
+80,220
| +5% | +$2.07M |
|
210
VanEck Morningstar Wide Moat ETF
MOAT
$11.5B
| $41M | 0.08% |
818,004
-18,590
| -2% | -$911K |
|
|
211
State Street SPDR Bloomberg High Yield Bond ETF
JNK
$7.24B
| $40.6M | 0.08% |
373,030
-1,133,126
| -75% | -$123M |
|
212
iShares S&P Small-Cap 600 Value ETF
IJS
$8.11B
| $40.2M | 0.08% |
535,906
+5,880
| +1% | +$432K |
|
213
Schwab US Large- Cap ETF
SCHX
$70.9B
| $39.9M | 0.08% |
3,373,974
+130,722
| +4% | +$1.54M |
|
214
W.P. Carey
WPC
$17.1B
| $39.7M | 0.08% |
453,299
-10,665
| -2% | -$909K |
|
215
Kimberly-Clark
KMB
$36.4B
| $39.7M | 0.08% |
279,694
-42,079
| -13% | -$5.78M |
|
216
John Hancock Multifactor Mid Cap ETF
JHMM
$5.89B
| $38.9M | 0.08% |
1,057,680
-15,689
| -1% | -$573K |
|
217
Dominion Energy
D
$62.5B
| $38.5M | 0.08% |
475,289
+6,900
| +1% | +$534K |
|
218
Abbott
ABT
$180B
| $38.4M | 0.08% |
459,082
+4,370
| +1% | +$371K |
|
219
Goldman Sachs ActiveBeta International Equity ETF
GSIE
$5.86B
| $38.3M | 0.08% |
1,355,086
+93,405
| +7% | +$2.63M |
|
220
First Trust Large Cap Value AlphaDEX Fund
FTA
$1.38B
| $38.2M | 0.08% |
740,217
+11,632
| +2% | +$597K |
|
221
iShares Morningstar Growth ETF
ILCG
$3.1B
| $37.9M | 0.08% |
989,440
+114,365
| +13% | +$4.44M |
|
222
Qualcomm
QCOM
$176B
| $37.7M | 0.08% |
494,460
-22,687
| -4% | -$1.71M |
|
223
3M
MMM
$89B
| $37.6M | 0.08% |
273,502
+8,783
| +3% | +$1.23M |
|
224
Invesco S&P Ultra Dividend Revenue ETF
RDIV
$1.36B
| $37.4M | 0.08% |
993,441
-199,449
| -17% | -$7.35M |
|
225
Realty Income
O
$61.2B
| $37.3M | 0.08% |
502,367
+16,220
| +3% | +$1.14M |
|
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 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 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.