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 | |
|---|---|---|---|---|---|---|
2651
Orion
OEC
$376M
| $2.55M | ﹤0.01% |
161,320
+10,181
| +7% | +$172K |
|
2652
Centrus Energy
LEU
$3.71B
| $2.55M | ﹤0.01% |
38,211
+6,744
| +21% | +$526K |
|
|
TBLD
2653
Thornburg Income Builder Opportunities Trust
TBLD
$715M
| $2.54M | ﹤0.01% |
156,026
+74,826
| +92% | +$1.26M |
|
2654
Nuveen California AMT-Free Quality Municipal Income Fund
NKX
$653M
| $2.54M | ﹤0.01% |
200,761
+36,725
| +22% | +$482K |
|
|
CWAN
2655
DELISTED
Clearwater Analytics
CWAN
| $2.54M | ﹤0.01% |
91,549
+52,931
| +137% | +$1.5M |
|
2656
Cambria Value and Momentum ETF
VAMO
$110M
| $2.54M | ﹤0.01% |
85,224
+3,794
| +5% | +$116K |
|
2657
JPMorgan Income ETF
JPIE
$10.2B
| $2.53M | ﹤0.01% |
55,502
+44,139
| +388% | +$2.02M |
|
2658
Philips
PHG
$25.9B
| $2.53M | ﹤0.01% |
108,005
+11,639
| +12% | +$301K |
|
2659
CareTrust REIT
CTRE
$9.67B
| $2.53M | ﹤0.01% |
93,422
+11,008
| +13% | +$329K |
|
2660
State Street SPDR S&P Oil & Gas Equipment & Services ETF
XES
$366M
| $2.52M | ﹤0.01% |
31,960
-2,652
| -8% | -$216K |
|
2661
Cohen & Steers Duration Preferred & Income Fund
LDP
$596M
| $2.52M | ﹤0.01% |
124,750
+8,089
| +7% | +$171K |
|
2662
Gladstone Investment Corp
GAIN
$671M
| $2.52M | ﹤0.01% |
190,065
+28,660
| +18% | +$391K |
|
2663
Capri Holdings
CPRI
$1.89B
| $2.52M | ﹤0.01% |
119,515
+39,685
| +50% | +$1.08M |
|
2664
Quadratic Interest Rate Volatility and Inflation Hedge ETF
IVOL
$273M
| $2.51M | ﹤0.01% |
141,635
-351,325
| -71% | -$6.39M |
|
2665
Robert Half
RHI
$4.18B
| $2.51M | ﹤0.01% |
35,554
+4,021
| +13% | +$287K |
|
|
AMTM
2666
Amentum Holdings
AMTM
$5.9B
| $2.5M | ﹤0.01% |
118,782
+14,637
| +14% | +$378K |
|
2667
Sprott Gold Miners ETF
SGDM
$574M
| $2.5M | ﹤0.01% |
89,907
+9,723
| +12% | +$294K |
|
|
FAX
2668
abrdn Asia-Pacific Income Fund
FAX
$595M
| $2.5M | ﹤0.01% |
169,537
+50,736
| +43% | +$824K |
|
2669
Old National Bancorp
ONB
$10.4B
| $2.49M | ﹤0.01% |
114,726
+4,147
| +4% | +$86.3K |
|
2670
Recursion Pharmaceuticals
RXRX
$1.77B
| $2.49M | ﹤0.01% |
367,785
+7,347
| +2% | +$49.4K |
|
2671
Invesco S&P SmallCap Health Care ETF
PSCH
$166M
| $2.48M | ﹤0.01% |
56,036
+529
| +1% | +$24.1K |
|
|
SRV
2672
NXG Cushing Midstream Energy Fund
SRV
$219M
| $2.48M | ﹤0.01% |
55,781
+5,221
| +10% | +$232K |
|
2673
U-Haul Holding Co Series N
UHAL.B
$12.7B
| $2.48M | ﹤0.01% |
38,703
+371
| +1% | +$24.4K |
|
2674
NextNav
NN
$1.9B
| $2.48M | ﹤0.01% |
159,103
+32,564
| +26% | +$434K |
|
2675
Vanguard ESG US Corporate Bond ETF
VCEB
$1.18B
| $2.48M | ﹤0.01% |
39,929
+5,989
| +18% | +$378K |
|
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.