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 Core S&P 500 ETF
IVV
|
+$697M |
| 2 |
Vanguard S&P 500 ETF
VOO
|
+$532M |
| 3 |
iShares MSCI USA Quality Factor ETF
QUAL
|
+$389M |
| 4 |
iShares MSCI EAFE Growth ETF
EFG
|
+$292M |
| 5 |
iShares MSCI USA Momentum Factor ETF
MTUM
|
+$280M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
BSCO
Invesco BulletShares 2024 Corporate Bond ETF
BSCO
|
+$87.2M |
| 2 |
Invesco Russell 1000 Dynamic Multifactor ETF
OMFL
|
+$63.4M |
| 3 |
VanEck Morningstar Wide Moat ETF
MOAT
|
+$57M |
| 4 |
iShares MSCI India ETF
INDA
|
+$57M |
| 5 |
IBTE
iShares iBonds Dec 2024 Term Treasury ETF
IBTE
|
+$45.4M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 8.26% |
| 2 | Financials | 3.6% |
| 3 | Consumer Discretionary | 2.98% |
| 4 | Healthcare | 2.45% |
| 5 | Industrials | 2.32% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
2501
iShares iBonds Dec 2031 Term Treasury ETF
IBTL
$648M
| $2.98M | ﹤0.01% |
150,635
+3,101
| +2% | +$62.4K |
|
2502
Scotiabank
BNS
$108B
| $2.98M | ﹤0.01% |
55,386
-3,708
| -6% | -$200K |
|
2503
Westlake Corp
WLK
$8.95B
| $2.97M | ﹤0.01% |
25,928
+302
| +1% | +$39.3K |
|
2504
Crane NXT
CXT
$3.09B
| $2.97M | ﹤0.01% |
50,994
-15,775
| -24% | -$906K |
|
|
GAP
2505
The Gap Inc
GAP
$7.38B
| $2.96M | ﹤0.01% |
125,455
+7,111
| +6% | +$162K |
|
2506
Putnam Focused Large Cap Value ETF
PVAL
$13.6B
| $2.95M | ﹤0.01% |
79,491
+11,949
| +18% | +$459K |
|
2507
Kontoor Brands
KTB
$4.68B
| $2.95M | ﹤0.01% |
34,529
+9,076
| +36% | +$778K |
|
2508
Mobileye
MBLY
$2.04B
| $2.95M | ﹤0.01% |
147,974
+72,550
| +96% | +$1.14M |
|
|
BCPC
2509
Balchem Corp
BCPC
$5.53B
| $2.94M | ﹤0.01% |
18,242
+1,636
| +10% | +$284K |
|
2510
Invesco Value Municipal Income Trust
IIM
$589M
| $2.94M | ﹤0.01% |
247,303
+107,583
| +77% | +$1.34M |
|
2511
Avantor
AVTR
$9.25B
| $2.94M | ﹤0.01% |
139,394
+28,706
| +26% | +$646K |
|
2512
iShares Agency Bond ETF
AGZ
$563M
| $2.93M | ﹤0.01% |
27,150
+330
| +1% | +$35.9K |
|
2513
FlexShares STOXX Global Broad Infrastructure Index Fund
NFRA
$3.01B
| $2.93M | ﹤0.01% |
54,052
+4,509
| +9% | +$260K |
|
2514
Schwab 1000 Index ETF
SCHK
$5.8B
| $2.91M | ﹤0.01% |
102,825
+4,971
| +5% | +$141K |
|
2515
Imperial Oil
IMO
$61.1B
| $2.91M | ﹤0.01% |
47,255
+1,617
| +4% | +$117K |
|
|
PDO
2516
PIMCO Dynamic Income Opportunities Fund
PDO
$1.86B
| $2.9M | ﹤0.01% |
213,340
+4,859
| +2% | +$66.4K |
|
2517
Innovator US Equity Power Buffer ETF June
PJUN
$966M
| $2.89M | ﹤0.01% |
77,147
-4,729
| -6% | -$176K |
|
2518
Equitable Holdings
EQH
$13.1B
| $2.89M | ﹤0.01% |
61,325
+5,724
| +10% | +$264K |
|
2519
ProShares Short 7-10 Year Treasury
TBX
$20.9M
| $2.89M | ﹤0.01% |
+99,245
| New | +$2.91M |
|
|
FOVL
2520
DELISTED
iShares Focused Value Factor ETF
FOVL
| $2.89M | ﹤0.01% |
41,243
+1,295
| +3% | +$92.3K |
|
2521
GMO US Quality ETF
QLTY
$4.91B
| $2.88M | ﹤0.01% |
90,211
-10,205
| -10% | -$332K |
|
|
CMA
2522
DELISTED
Comerica
CMA
| $2.88M | ﹤0.01% |
46,620
+6,699
| +17% | +$435K |
|
2523
Magna International
MGA
$18.2B
| $2.88M | ﹤0.01% |
68,859
-2,760
| -4% | -$119K |
|
2524
Invesco Dorsey Wright Consumer Staples Momentum ETF
PSL
$84.7M
| $2.87M | ﹤0.01% |
27,379
+4,857
| +22% | +$510K |
|
|
IBTP
2525
iShares iBonds Dec 2034 Term Treasury ETF
IBTP
$284M
| $2.87M | ﹤0.01% |
+115,769
| New | +$2.94M |
|
Similar funds
LPL Financial's Q4 2024 Portfolio in Review
As of Q4 2024, LPL Financial held 5,518 positions worth $246B, up 9.7% from $224B the previous quarter. Its ten largest holdings account for 17% of the portfolio.
LPL Financial deployed $22.2B of net new capital in Q4 2024, opening 337 new positions and adding to 3,329 existing holdings. Its largest new stake was CP High Yield Trend ETF: 2,792,973 shares worth $60.7M.
By sector, the portfolio is most concentrated in Technology at 8.3% of assets, up from 7.9% a quarter earlier, followed by Financials and Consumer Discretionary.
On the sell side, the largest reduction was Invesco Russell 1000 Dynamic Multifactor ETF, an estimated $63.4M trimmed.
- LPL Financial's largest Q4 2024 buy was CP High Yield Trend ETF: 2,792,973 shares worth $60.7M.
- LPL Financial added most to iShares Core S&P 500 ETF in Q4 2024, an estimated $697M increase.
- LPL Financial's biggest Q4 2024 reduction was Invesco Russell 1000 Dynamic Multifactor ETF, cutting an estimated $63.4M.
- LPL Financial fully exited Invesco BulletShares 2024 Corporate Bond ETF in Q4 2024, selling an estimated $87.2M.
- LPL Financial's ten largest holdings make up 17% of its $246B portfolio in Q4 2024.
- LPL Financial opened 337 new positions and closed 245 in Q4 2024.
- LPL Financial's portfolio value rose 9.7% quarter-over-quarter to $246B.
Based on LPL Financial's 13F filing for Q4 2024, filed 11 Feb 2025.