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 | |
|---|---|---|---|---|---|---|
2401
Canadian Natural Resources
CNQ
$96.9B
| $422K | ﹤0.01% |
32,360
-35,324
| -52% | -$438K |
|
|
WWE
2402
DELISTED
World Wrestling Entertainment
WWE
| $422K | ﹤0.01% |
+5,929
| New | +$425K |
|
|
TECD
2403
DELISTED
Tech Data Corp
TECD
| $422K | ﹤0.01% |
4,050
-376
| -8% | -$36.7K |
|
|
ERC
2404
Allspring Multi-Sector Income Fund
ERC
$251M
| $421K | ﹤0.01% |
34,107
| – | – |
|
|
SFIX
2405
Stitch Fix
SFIX
$566M
| $421K | ﹤0.01% |
21,861
-8,699
| -28% | -$202K |
|
2406
Littelfuse
LFUS
$10.4B
| $420K | ﹤0.01% |
2,368
-789
| -25% | -$133K |
|
2407
Tradeweb Markets
TW
$23B
| $420K | ﹤0.01% |
11,364
+3,049
| +37% | +$135K |
|
2408
Tidewater
TDW
$3.63B
| $419K | ﹤0.01% |
27,735
+1,787
| +7% | +$33.7K |
|
|
CTT
2409
DELISTED
CATCHMARK TIMBER TRUST, INC.
CTT
| $419K | ﹤0.01% |
39,276
+4,450
| +13% | +$45.2K |
|
2410
Camden Property Trust
CPT
$11.5B
| $417K | ﹤0.01% |
3,760
+1,410
| +60% | +$152K |
|
2411
FNB Corp
FNB
$6.76B
| $417K | ﹤0.01% |
36,148
+1,181
| +3% | +$13.3K |
|
|
FNI
2412
DELISTED
First Trust Chindia ETF
FNI
| $417K | ﹤0.01% |
12,134
-236
| -2% | -$8.25K |
|
2413
Radware
RDWR
$983M
| $416K | ﹤0.01% |
17,163
+396
| +2% | +$9.89K |
|
2414
Trustmark
TRMK
$2.73B
| $416K | ﹤0.01% |
12,185
-486
| -4% | -$16.4K |
|
2415
Encore Capital Group
ECPG
$2.01B
| $415K | ﹤0.01% |
12,442
+201
| +2% | +$7.06K |
|
2416
Radian Group
RDN
$5.28B
| $415K | ﹤0.01% |
18,173
+1,596
| +10% | +$36.8K |
|
|
SCIU
2417
DELISTED
Global X Scientific Beta US ETF
SCIU
| $415K | ﹤0.01% |
12,301
+355
| +3% | +$11.8K |
|
2418
Horizon Bancorp
HBNC
$1.06B
| $413K | ﹤0.01% |
23,765
| – | – |
|
|
TARO
2419
DELISTED
Taro Pharmaceutical Industries Ltd.
TARO
| $413K | ﹤0.01% |
5,480
-441
| -7% | -$35.8K |
|
|
ZTR
2420
Virtus Total Return Fund
ZTR
$337M
| $412K | ﹤0.01% |
37,379
-21,495
| -37% | -$239K |
|
|
CVET
2421
DELISTED
Covetrus, Inc. Common Stock
CVET
| $412K | ﹤0.01% |
+34,683
| New | +$642K |
|
2422
Nuveen Credit Strategies Income Fund
JQC
$702M
| $411K | ﹤0.01% |
54,900
+4,097
| +8% | +$31.2K |
|
2423
Marten Transport
MRTN
$1.22B
| $411K | ﹤0.01% |
29,696
+110
| +0.4% | +$1.44K |
|
|
CCMP
2424
DELISTED
CMC Materials, Inc. Common Stock
CCMP
| $411K | ﹤0.01% |
2,914
+917
| +46% | +$113K |
|
|
TSC
2425
DELISTED
TriState Capital Holdings, Inc.
TSC
| $410K | ﹤0.01% |
19,474
-165
| -0.8% | -$3.38K |
|
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.