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 | |
|---|---|---|---|---|---|---|
2301
Globant
GLOB
$1.65B
| $472K | ﹤0.01% |
5,158
-87
| -2% | -$8.64K |
|
2302
Nuveen Short-Term REIT ETF
NURE
$36.6M
| $472K | ﹤0.01% |
15,353
+1,000
| +7% | +$30K |
|
|
AYR
2303
DELISTED
Aircastle Ltd
AYR
| $472K | ﹤0.01% |
21,052
-752
| -3% | -$16.2K |
|
2304
WisdomTree Japan SmallCap Dividend Fund
DFJ
$374M
| $469K | ﹤0.01% |
6,819
-3,647
| -35% | -$241K |
|
2305
Elbit Systems
ESLT
$36B
| $469K | ﹤0.01% |
2,846
+705
| +33% | +$111K |
|
2306
Liberty Broadband Class C
LBRDK
$4.89B
| $469K | ﹤0.01% |
4,477
+546
| +14% | +$57K |
|
2307
Sixth Street Specialty
TSLX
$1.67B
| $469K | ﹤0.01% |
+22,342
| New | +$453K |
|
2308
Universal Health Services
UHS
$10.2B
| $469K | ﹤0.01% |
3,155
+502
| +19% | +$72.1K |
|
2309
Grand Canyon Education
LOPE
$4.22B
| $468K | ﹤0.01% |
4,765
+154
| +3% | +$18.4K |
|
|
PCQ
2310
Pimco California Municipal Income Fund
PCQ
$163M
| $468K | ﹤0.01% |
23,768
+500
| +2% | +$9.73K |
|
2311
Exponent
EXPO
$3.19B
| $466K | ﹤0.01% |
6,663
+252
| +4% | +$17K |
|
2312
NewtekOne
NEWT
$426M
| $466K | ﹤0.01% |
20,656
-637
| -3% | -$14.1K |
|
|
S
2313
DELISTED
Sprint Corporation
S
| $466K | ﹤0.01% |
75,490
+7,313
| +11% | +$50.3K |
|
|
AHT
2314
Ashford Hospitality Trust
AHT
$20.8M
| $465K | ﹤0.01% |
142
+55
| +63% | +$154K |
|
2315
Prudential
PUK
$36.4B
| $465K | ﹤0.01% |
13,189
-73
| -0.6% | -$2.71K |
|
2316
Essex Property Trust
ESS
$19.1B
| $464K | ﹤0.01% |
1,421
-110
| -7% | -$34.4K |
|
2317
Guggenheim Strategic Opportunities Fund
GOF
$2.2B
| $464K | ﹤0.01% |
23,980
+109
| +0.5% | +$2.19K |
|
2318
WD-40
WDFC
$2.98B
| $464K | ﹤0.01% |
2,526
-79
| -3% | -$14.2K |
|
2319
Invesco Bloomberg Analyst Rating Improvers ETF
UPGD
$120M
| $461K | ﹤0.01% |
10,832
-650
| -6% | -$27.9K |
|
2320
Terex
TEX
$7.37B
| $460K | ﹤0.01% |
17,697
+9,476
| +115% | +$261K |
|
2321
Barclays
BCS
$87.8B
| $458K | ﹤0.01% |
62,352
-21,016
| -25% | -$152K |
|
|
BERY
2322
DELISTED
Berry Global Group, Inc.
BERY
| $458K | ﹤0.01% |
12,689
+7,072
| +126% | +$289K |
|
|
AZPN
2323
DELISTED
ASPEN TECHNOLOGY INC
AZPN
| $458K | ﹤0.01% |
3,721
-455
| -11% | -$56K |
|
2324
Iovance Biotherapeutics
IOVA
$2.04B
| $457K | ﹤0.01% |
+25,097
| New | +$555K |
|
2325
Rapid7
RPD
$628M
| $457K | ﹤0.01% |
10,077
-599
| -6% | -$33.6K |
|
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.