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 | |
|---|---|---|---|---|---|---|
|
MHI
2451
DELISTED
Pioneer Municipal High Income Fund
MHI
| $397K | ﹤0.01% |
31,838
+7,846
| +33% | +$97.8K |
|
|
AABA
2452
DELISTED
Altaba Inc
AABA
| $396K | ﹤0.01% |
20,327
-2,009
| -9% | -$133K |
|
2453
Emcor
EME
$29.9B
| $395K | ﹤0.01% |
4,591
-7,272
| -61% | -$619K |
|
2454
Nuveen Enhanced Yield US Aggregate Bond ETF
NUAG
$95.2M
| $395K | ﹤0.01% |
15,877
+936
| +6% | +$23.1K |
|
|
GGN
2455
GAMCO Global Gold, Natural Resources & Income Trust
GGN
$762M
| $394K | ﹤0.01% |
90,549
+3,449
| +4% | +$15.5K |
|
|
PFL
2456
PIMCO Income Strategy Fund
PFL
$382M
| $394K | ﹤0.01% |
34,512
-7,124
| -17% | -$83.3K |
|
|
AJRD
2457
DELISTED
Aerojet Rocketdyne Holdings
AJRD
| $394K | ﹤0.01% |
7,807
-98
| -1% | -$4.76K |
|
2458
Americold
COLD
$4.21B
| $393K | ﹤0.01% |
10,593
-9,281
| -47% | -$326K |
|
2459
EXL Service
EXLS
$5.46B
| $391K | ﹤0.01% |
+29,180
| New | +$390K |
|
2460
Manhattan Associates
MANH
$11.9B
| $391K | ﹤0.01% |
4,851
+251
| +5% | +$20.1K |
|
2461
NetEase
NTES
$83B
| $391K | ﹤0.01% |
7,335
-330
| -4% | -$16.8K |
|
2462
Invesco Leisure and Entertainment ETF
PEJ
$263M
| $391K | ﹤0.01% |
9,197
+181
| +2% | +$7.89K |
|
|
APTS
2463
DELISTED
Preferred Apartment Communities, Inc.
APTS
| $391K | ﹤0.01% |
+27,085
| New | +$390K |
|
2464
WisdomTree Europe Quality Dividend Growth Fund
EUDG
$68.5M
| $390K | ﹤0.01% |
15,511
+957
| +7% | +$24.1K |
|
2465
MSC Industrial Direct
MSM
$6.76B
| $390K | ﹤0.01% |
5,376
+61
| +1% | +$4.27K |
|
2466
Insight Enterprises
NSIT
$3.85B
| $390K | ﹤0.01% |
7,011
+615
| +10% | +$32.5K |
|
|
AMED
2467
DELISTED
Amedisys
AMED
| $389K | ﹤0.01% |
2,969
-511
| -15% | -$66.5K |
|
|
BGX
2468
Blackstone Long-Short Credit Income Fund
BGX
$135M
| $389K | ﹤0.01% |
24,682
+111
| +0.5% | +$1.78K |
|
2469
Chegg
CHGG
$116M
| $389K | ﹤0.01% |
12,982
+4,714
| +57% | +$187K |
|
2470
BRC Group Holdings
RILY
$264M
| $389K | ﹤0.01% |
16,456
-149
| -0.9% | -$3.15K |
|
|
GUDB
2471
DELISTED
Sage ESG Intermediate Credit ETF
GUDB
| $388K | ﹤0.01% |
+7,579
| New | +$386K |
|
2472
Bath & Body Works
BBWI
$3.97B
| $387K | ﹤0.01% |
24,452
-6,844
| -22% | -$121K |
|
|
JHI
2473
John Hancock Investors Trust
JHI
$114M
| $387K | ﹤0.01% |
22,731
+7,320
| +47% | +$124K |
|
2474
Lloyds Banking Group
LYG
$85.2B
| $387K | ﹤0.01% |
146,420
+67,260
| +85% | +$174K |
|
2475
PVH
PVH
$4.07B
| $387K | ﹤0.01% |
4,391
+1,211
| +38% | +$101K |
|
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.