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 | |
|---|---|---|---|---|---|---|
|
ALFA
2376
DELISTED
AlphaClone Alternative Alpha ETF
ALFA
| $498K | ﹤0.01% |
8,470
+2,786
| +49% | +$158K |
|
2377
Criteo S.A. Ordinary Shares
CRTO
$1.14B
| $496K | ﹤0.01% |
28,634
+3,167
| +12% | +$56.4K |
|
|
CMD
2378
DELISTED
Cantel Medical Corporation
CMD
| $496K | ﹤0.01% |
7,137
+1,373
| +24% | +$99.6K |
|
|
SIVB
2379
DELISTED
SVB Financial Group
SIVB
| $496K | ﹤0.01% |
1,977
-852
| -30% | -$194K |
|
|
AGR
2380
DELISTED
Avangrid, Inc.
AGR
| $495K | ﹤0.01% |
9,682
-285
| -3% | -$14.2K |
|
2381
Coca-Cola Europacific Partners
CCEP
$49.1B
| $494K | ﹤0.01% |
9,710
-40,994
| -81% | -$2.16M |
|
2382
VanEck Vietnam ETF
VNM
$478M
| $494K | ﹤0.01% |
30,906
-103
| -0.3% | -$1.66K |
|
2383
AptarGroup
ATR
$8.69B
| $493K | ﹤0.01% |
4,295
+265
| +7% | +$30.1K |
|
2384
PUT
Meta Platforms (Facebook)
META
$1.49T
| $493K | ﹤0.01% |
+2,400
| New | +$465K |
|
2385
Brown & Brown
BRO
$25.1B
| $492K | ﹤0.01% |
12,468
+3,525
| +39% | +$132K |
|
2386
Kratos Defense & Security Solutions
KTOS
$8.23B
| $490K | ﹤0.01% |
27,224
-603
| -2% | -$11.2K |
|
|
LSXMA
2387
DELISTED
Liberty Media Corporation Series A Liberty SiriusXM Common Stock
LSXMA
| $490K | ﹤0.01% |
14,020
-6,134
| -30% | -$203K |
|
2388
DaVita
DVA
$15.5B
| $489K | ﹤0.01% |
6,515
+1,458
| +29% | +$96.7K |
|
2389
Amplify Etho Climate Leadership US ETF
ETHO
$184M
| $488K | ﹤0.01% |
11,414
+5,802
| +103% | +$238K |
|
2390
Evertec
EVTC
$1.97B
| $488K | ﹤0.01% |
14,350
-5,743
| -29% | -$182K |
|
|
CTT
2391
DELISTED
CATCHMARK TIMBER TRUST, INC.
CTT
| $488K | ﹤0.01% |
42,576
+3,300
| +8% | +$37.6K |
|
2392
Enpro
NPO
$6.26B
| $486K | ﹤0.01% |
7,267
+40
| +0.6% | +$2.66K |
|
|
PFL
2393
PIMCO Income Strategy Fund
PFL
$382M
| $486K | ﹤0.01% |
41,016
+6,504
| +19% | +$75.8K |
|
2394
Wayfair
W
$11.8B
| $486K | ﹤0.01% |
5,382
+1,417
| +36% | +$132K |
|
2395
Affiliated Managers Group
AMG
$9.51B
| $485K | ﹤0.01% |
5,719
-2,243
| -28% | -$184K |
|
2396
BlackRock Floating Rate Income Strategies Fund
FRA
$380M
| $485K | ﹤0.01% |
36,113
+19,836
| +122% | +$255K |
|
2397
Genpact
G
$6.22B
| $485K | ﹤0.01% |
11,496
+574
| +5% | +$22.9K |
|
2398
Goldman Sachs JUST US Large Cap Equity ETF
JUST
$546M
| $485K | ﹤0.01% |
10,467
+1,788
| +21% | +$79.1K |
|
2399
Nuveen AMT-Free Municipal Value Fund
NUW
$252M
| $485K | ﹤0.01% |
29,932
| – | – |
|
2400
Pegasystems
PEGA
$5.09B
| $485K | ﹤0.01% |
12,182
+1,058
| +10% | +$40K |
|
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.