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 | |
|---|---|---|---|---|---|---|
|
MZTI
2576
The Marzetti Company
MZTI
$3.04B
| $2.75M | ﹤0.01% |
15,872
+10,243
| +182% | +$1.87M |
|
|
WCC
2577
WESCO International
WCC
$17.6B
| $2.74M | ﹤0.01% |
15,160
+2,295
| +18% | +$434K |
|
|
SDFI
2578
AB Short Duration Income ETF
SDFI
$184M
| $2.74M | ﹤0.01% |
77,786
+24,972
| +47% | +$886K |
|
|
NFJ
2579
Virtus Dividend, Interest & Premium Strategy Fund
NFJ
$1.42B
| $2.74M | ﹤0.01% |
217,114
+18,923
| +10% | +$243K |
|
2580
FT Vest US Equity Buffer ETF March
FMAR
$1.15B
| $2.74M | ﹤0.01% |
63,361
-1,677
| -3% | -$72K |
|
2581
FT Vest US Equity Enhance & Moderate Buffer ETF March
XMAR
$157M
| $2.74M | ﹤0.01% |
75,666
-9,372
| -11% | -$336K |
|
2582
WBI BullBear Yield 3000 ETF
WBIG
$31.6M
| $2.74M | ﹤0.01% |
114,246
-1,773
| -2% | -$43.9K |
|
2583
GeneDx Holdings
WGS
$2.01B
| $2.74M | ﹤0.01% |
+35,621
| New | +$2.49M |
|
2584
Nuveen Growth Opportunities ETF
NUGO
$2.49B
| $2.74M | ﹤0.01% |
79,113
+38,546
| +95% | +$1.31M |
|
2585
Innovator US Equity Buffer ETF October
BOCT
$286M
| $2.73M | ﹤0.01% |
63,163
-2,668
| -4% | -$115K |
|
|
BWIN
2586
Baldwin Insurance Group
BWIN
$2.85B
| $2.73M | ﹤0.01% |
67,046
+11,488
| +21% | +$536K |
|
2587
Rexford Industrial Realty
REXR
$8.4B
| $2.72M | ﹤0.01% |
70,416
+26,555
| +61% | +$1.14M |
|
2588
iShares Global Materials ETF
MXI
$341M
| $2.7M | ﹤0.01% |
34,811
-1,347
| -4% | -$116K |
|
|
GRX
2589
Gabelli Healthcare & Wellness Trust
GRX
$143M
| $2.7M | ﹤0.01% |
280,349
+200,905
| +253% | +$2.08M |
|
|
PMT
2590
PennyMac Mortgage Investment
PMT
$823M
| $2.7M | ﹤0.01% |
214,628
+17,592
| +9% | +$238K |
|
2591
PUT
AbbVie
ABBV
$433B
| $2.7M | ﹤0.01% |
+15,200
| New | +$2.79M |
|
2592
iShares Global Utilities ETF
JXI
$314M
| $2.7M | ﹤0.01% |
42,070
-35,904
| -46% | -$2.44M |
|
|
SGI
2593
Somnigroup International
SGI
$14B
| $2.7M | ﹤0.01% |
47,554
-7,643
| -14% | -$408K |
|
2594
Archer Aviation
ACHR
$3.69B
| $2.7M | ﹤0.01% |
276,442
+167,664
| +154% | +$932K |
|
2595
BlackRock MuniAssets Fund
MUA
$513M
| $2.69M | ﹤0.01% |
243,593
-24,575
| -9% | -$293K |
|
2596
Barings BDC
BBDC
$881M
| $2.68M | ﹤0.01% |
280,463
-13,377
| -5% | -$131K |
|
2597
FT Vest US Equity Moderate Buffer ETF January
GJAN
$436M
| $2.68M | ﹤0.01% |
69,342
-107,037
| -61% | -$4.1M |
|
2598
Invesco New York AMT-Free Municipal Bond ETF
PZT
$138M
| $2.68M | ﹤0.01% |
118,047
+14,316
| +14% | +$330K |
|
2599
FirstCash
FCFS
$9.08B
| $2.68M | ﹤0.01% |
24,443
+4,294
| +21% | +$463K |
|
2600
Humacyte
HUMA
$186M
| $2.68M | ﹤0.01% |
529,992
+18,000
| +4% | +$89.1K |
|
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.