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 |
Goldman Sachs ActiveBeta US Large Cap Equity ETF
GSLC
|
+$239M |
| 2 |
iShares Core S&P 500 ETF
IVV
|
+$94.9M |
| 3 |
Goldman Sachs Access US Aggregate Bond ETF
GCOR
|
+$87.2M |
| 4 |
Goldman Sachs ActiveBeta International Equity ETF
GSIE
|
+$85.4M |
| 5 |
Apple
AAPL
|
+$81.6M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
iShares S&P 500 Growth ETF
IVW
|
+$135M |
| 2 |
Vanguard Morningstar Total Stock Market ETF
VTI
|
+$117M |
| 3 |
iShares S&P 500 Value ETF
IVE
|
+$108M |
| 4 |
iShares Core MSCI Emerging Markets ETF
IEMG
|
+$81.2M |
| 5 |
iShares Core MSCI EAFE ETF
IEFA
|
+$57.5M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 6.1% |
| 2 | Consumer Discretionary | 3.02% |
| 3 | Healthcare | 2.68% |
| 4 | Financials | 2.54% |
| 5 | Communication Services | 2.3% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
2301
Brunswick
BC
$5.49B
| $618K | ﹤0.01% |
10,490
+4,664
| +80% | +$298K |
|
2302
LivePerson
LPSN
$25.4M
| $618K | ﹤0.01% |
793
+168
| +27% | +$126K |
|
2303
FlexShares STOXX US ESG Select Index Fund
ESG
$136M
| $617K | ﹤0.01% |
7,581
+1,382
| +22% | +$111K |
|
|
JWN
2304
DELISTED
Nordstrom
JWN
| $616K | ﹤0.01% |
51,702
+18,311
| +55% | +$274K |
|
|
CVGW
2305
DELISTED
Calavo Growers
CVGW
| $615K | ﹤0.01% |
9,278
-300
| -3% | -$18.8K |
|
|
EVM
2306
DELISTED
Eaton Vance California Municipal Bond Fund
EVM
| $615K | ﹤0.01% |
54,106
+19,449
| +56% | +$224K |
|
2307
Fortress Biotech
FBIO
$94M
| $615K | ﹤0.01% |
+10,155
| New | +$517K |
|
|
PS
2308
DELISTED
Pluralsight, Inc. Class A Common Stock
PS
| $615K | ﹤0.01% |
35,925
+4,356
| +14% | +$83.4K |
|
2309
iShares MSCI Emerging Markets Small-Cap ETF
EEMS
$369M
| $614K | ﹤0.01% |
14,020
-7,485
| -35% | -$324K |
|
2310
Intellia Therapeutics
NTLA
$1.55B
| $613K | ﹤0.01% |
30,847
+4,406
| +17% | +$91.9K |
|
2311
State Street SPDR S&P Oil & Gas Equipment & Services ETF
XES
$357M
| $613K | ﹤0.01% |
21,923
-73,659
| -77% | -$2.49M |
|
2312
iShares S&P India Nifty 50 Index Fund
INDY
$569M
| $608K | ﹤0.01% |
17,463
-579
| -3% | -$19.7K |
|
|
RUTH
2313
DELISTED
Ruth's Hospitality Group, Inc.
RUTH
| $608K | ﹤0.01% |
55,000
+25,782
| +88% | +$233K |
|
2314
Molson Coors Class B
TAP
$7.84B
| $607K | ﹤0.01% |
18,082
+601
| +3% | +$21.7K |
|
2315
Acadia Healthcare
ACHC
$3.06B
| $605K | ﹤0.01% |
20,526
-1,593
| -7% | -$46.2K |
|
2316
Axalta
AXTA
$8.09B
| $605K | ﹤0.01% |
27,309
+549
| +2% | +$12.7K |
|
2317
Gaming and Leisure Properties
GLPI
$12.4B
| $605K | ﹤0.01% |
16,381
-553
| -3% | -$20.1K |
|
2318
AvalonBay Communities
AVB
$27B
| $603K | ﹤0.01% |
4,040
-3,715
| -48% | -$568K |
|
2319
Hecla Mining
HL
$11.2B
| $603K | ﹤0.01% |
118,756
-10,814
| -8% | -$57.2K |
|
2320
Invesco Zacks Multi-Asset Income ETF
CVY
$125M
| $601K | ﹤0.01% |
36,766
-206,140
| -85% | -$3.49M |
|
2321
TechnipFMC
FTI
$27.2B
| $600K | ﹤0.01% |
127,762
-3,617
| -3% | -$20.3K |
|
2322
Huntsman Corp
HUN
$1.79B
| $599K | ﹤0.01% |
26,973
-26,942
| -50% | -$555K |
|
2323
Lazard
LAZ
$4.3B
| $599K | ﹤0.01% |
18,121
+3,789
| +26% | +$117K |
|
2324
Invesco New York AMT-Free Municipal Bond ETF
PZT
$139M
| $599K | ﹤0.01% |
23,475
+4,909
| +26% | +$127K |
|
2325
Commercial Metals
CMC
$8.21B
| $598K | ﹤0.01% |
29,939
+970
| +3% | +$20.2K |
|
Similar funds
LPL Financial's Q3 2020 Portfolio in Review
As of Q3 2020, LPL Financial held 3,702 positions worth $64B, up 12% from $57.4B the previous quarter. Its ten largest holdings account for 21% of the portfolio.
LPL Financial deployed $2.84B of net new capital in Q3 2020, opening 233 new positions and adding to 1,921 existing holdings. Its largest new stake was Goldman Sachs Access US Aggregate Bond ETF: 1,744,998 shares worth $87M.
By sector, the portfolio is most concentrated in Technology at 6.1% of assets, up from 5.5% a quarter earlier, followed by Consumer Discretionary and Healthcare.
On the sell side, the largest reduction was iShares S&P 500 Growth ETF, an estimated $135M trimmed.
- LPL Financial's largest Q3 2020 buy was Goldman Sachs Access US Aggregate Bond ETF: 1,744,998 shares worth $87M.
- LPL Financial added most to Goldman Sachs ActiveBeta US Large Cap Equity ETF in Q3 2020, an estimated $239M increase.
- LPL Financial's biggest Q3 2020 reduction was iShares S&P 500 Growth ETF, cutting an estimated $135M.
- LPL Financial fully exited iShares iBonds Sep 2020 Term Muni Bond ETF in Q3 2020, selling an estimated $6.02M.
- LPL Financial's ten largest holdings make up 21% of its $64B portfolio in Q3 2020.
- LPL Financial opened 233 new positions and closed 157 in Q3 2020.
- LPL Financial's portfolio value rose 12% quarter-over-quarter to $64B.
Based on LPL Financial's 13F filing for Q3 2020, filed 9 Nov 2020.