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 | |
|---|---|---|---|---|---|---|
2351
BlackRock MuniHoldings California Quality Fund
MUC
$998M
| $516K | ﹤0.01% |
36,890
+466
| +1% | +$6.52K |
|
|
ALE
2352
DELISTED
Allete
ALE
| $515K | ﹤0.01% |
6,346
-668
| -10% | -$55.3K |
|
|
NUVA
2353
DELISTED
NuVasive, Inc.
NUVA
| $514K | ﹤0.01% |
6,639
-55
| -0.8% | -$3.88K |
|
2354
iShares Currency Hedged MSCI ACWI ex US ETF
HAWX
$344M
| $512K | ﹤0.01% |
18,194
+7,475
| +70% | +$207K |
|
|
BBBY
2355
DELISTED
Bed Bath & Beyond Inc
BBBY
| $512K | ﹤0.01% |
29,612
+13,102
| +79% | +$183K |
|
2356
VanEck Energy Income ETF
EINC
$77.9M
| $511K | ﹤0.01% |
9,311
-144
| -2% | -$7.74K |
|
2357
Teleflex
TFX
$5.86B
| $511K | ﹤0.01% |
1,359
+375
| +38% | +$129K |
|
|
EMCG
2358
DELISTED
WisdomTree Emerging Markets Consumer Growth Fund
EMCG
| $510K | ﹤0.01% |
21,703
+1,513
| +7% | +$33.8K |
|
2359
Paylocity
PCTY
$7.32B
| $509K | ﹤0.01% |
4,216
+492
| +13% | +$53.9K |
|
2360
Invesco S&P SmallCap Financials ETF
PSCF
$27.5M
| $508K | ﹤0.01% |
8,990
-1,189
| -12% | -$66.3K |
|
2361
Voya Financial
VOYA
$9.09B
| $508K | ﹤0.01% |
8,334
-3,876
| -32% | -$219K |
|
2362
WisdomTree New Economy Real Estate Fund
WTRE
$15.7M
| $508K | ﹤0.01% |
16,190
+3,607
| +29% | +$110K |
|
2363
Donaldson
DCI
$10.7B
| $507K | ﹤0.01% |
8,804
+1,508
| +21% | +$82.1K |
|
|
SKX
2364
DELISTED
Skechers
SKX
| $507K | ﹤0.01% |
11,734
+1,964
| +20% | +$77.5K |
|
|
AINC
2365
DELISTED
Ashford Inc.
AINC
| $504K | ﹤0.01% |
21,338
+5,858
| +38% | +$140K |
|
2366
Mettler-Toledo International
MTD
$27.9B
| $503K | ﹤0.01% |
634
+69
| +12% | +$49.8K |
|
|
TSC
2367
DELISTED
TriState Capital Holdings, Inc.
TSC
| $501K | ﹤0.01% |
19,187
-287
| -1% | -$6.83K |
|
2368
Everest Group
EG
$14.9B
| $500K | ﹤0.01% |
1,805
+194
| +12% | +$51.2K |
|
2369
Guggenheim Strategic Opportunities Fund
GOF
$2.23B
| $499K | ﹤0.01% |
27,562
+3,582
| +15% | +$68.6K |
|
2370
Sabesp
SBS
$19.2B
| $499K | ﹤0.01% |
171,021
-82,025
| -32% | -$211K |
|
2371
Spire
SR
$4.76B
| $499K | ﹤0.01% |
5,985
+2,936
| +96% | +$240K |
|
2372
Cal-Maine
CALM
$4.13B
| $498K | ﹤0.01% |
11,649
-3,130
| -21% | -$130K |
|
|
CSR
2373
Centerspace
CSR
$941M
| $498K | ﹤0.01% |
6,875
-6,804
| -50% | -$508K |
|
2374
NetEase
NTES
$84.4B
| $498K | ﹤0.01% |
8,125
+790
| +11% | +$46.3K |
|
|
IPFF
2375
DELISTED
iShares International Preferred Stock ETF
IPFF
| $498K | ﹤0.01% |
32,256
-6,093
| -16% | -$91.2K |
|
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.