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 | |
|---|---|---|---|---|---|---|
2276
CF Industries
CF
$19.6B
| $489K | ﹤0.01% |
9,929
-1,863
| -16% | -$90.3K |
|
2277
CVR Partners
UAN
$1.3B
| $489K | ﹤0.01% |
12,613
-429
| -3% | -$15.9K |
|
|
ELP
2278
DELISTED
Companhia Paranaense de Energia (COPEL)
ELP
| $488K | ﹤0.01% |
101,598
+5,933
| +6% | +$30K |
|
|
TCF
2279
DELISTED
TCF Financial Corporation Common Stock
TCF
| $488K | ﹤0.01% |
+12,830
| New | +$510K |
|
|
NCB
2280
DELISTED
Nuveen California Municipal Value Fund 2
NCB
| $488K | ﹤0.01% |
29,401
| – | – |
|
2281
Invesco Municipal Opportunity Trust
VMO
$651M
| $487K | ﹤0.01% |
38,947
-14,183
| -27% | -$178K |
|
2282
Flowers Foods
FLO
$1.58B
| $484K | ﹤0.01% |
20,938
+1,853
| +10% | +$42.9K |
|
2283
Mattel
MAT
$4.47B
| $484K | ﹤0.01% |
42,464
-6,051
| -12% | -$69.2K |
|
2284
ON Semiconductor
ON
$30.7B
| $484K | ﹤0.01% |
25,206
-4,444
| -15% | -$85.5K |
|
2285
Diodes
DIOD
$3.5B
| $483K | ﹤0.01% |
12,031
+4,701
| +64% | +$182K |
|
2286
Repligen
RGEN
$6.91B
| $483K | ﹤0.01% |
6,297
+1,995
| +46% | +$174K |
|
2287
CNX Resources
CNX
$4.91B
| $481K | ﹤0.01% |
66,255
-781
| -1% | -$5.85K |
|
2288
Direxion Daily Financial Bull 3x ETF
FAS
$2.4B
| $481K | ﹤0.01% |
6,197
+35
| +0.6% | +$2.65K |
|
2289
Vale
VALE
$62.3B
| $481K | ﹤0.01% |
41,847
-331
| -0.8% | -$4.01K |
|
2290
American Eagle Outfitters
AEO
$2.94B
| $480K | ﹤0.01% |
29,620
+433
| +1% | +$7.23K |
|
2291
Western Midstream Partners
WES
$19.4B
| $480K | ﹤0.01% |
19,265
+1,228
| +7% | +$32.7K |
|
2292
Yatra Online
YTRA
$54M
| $478K | ﹤0.01% |
116,011
-1,117
| -1% | -$4.62K |
|
2293
AptarGroup
ATR
$8.69B
| $477K | ﹤0.01% |
4,030
-32
| -0.8% | -$3.87K |
|
2294
Commercial Metals
CMC
$7.53B
| $477K | ﹤0.01% |
27,469
-5,083
| -16% | -$86.9K |
|
2295
Criteo S.A. Ordinary Shares
CRTO
$1.14B
| $476K | ﹤0.01% |
25,467
+6,805
| +36% | +$128K |
|
|
PRSU
2296
Pursuit Attractions and Hospitality Inc
PRSU
$1.45B
| $475K | ﹤0.01% |
7,069
| – | – |
|
2297
Mayville Engineering Co
MEC
$648M
| $474K | ﹤0.01% |
35,950
| – | – |
|
2298
Shake Shack
SHAK
$2.54B
| $474K | ﹤0.01% |
4,830
-730
| -13% | -$64.5K |
|
|
IBDC
2299
DELISTED
iShares iBonds Mar 2020 Term Corporate ETF
IBDC
| $473K | ﹤0.01% |
18,092
-2,883
| -14% | -$75.2K |
|
|
WCG
2300
DELISTED
Wellcare Health Plans, Inc.
WCG
| $473K | ﹤0.01% |
1,825
-367
| -17% | -$101K |
|
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.