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 | |
|---|---|---|---|---|---|---|
2676
Shake Shack
SHAK
$2.67B
| $2.47M | ﹤0.01% |
19,057
+3,315
| +21% | +$406K |
|
2677
Takeda Pharmaceutical
TAK
$52.9B
| $2.47M | ﹤0.01% |
186,652
+3,564
| +2% | +$49K |
|
2678
Vanguard US Minimum Volatility ETF
VFMV
$438M
| $2.47M | ﹤0.01% |
20,491
-18,135
| -47% | -$2.24M |
|
2679
New Jersey Resources
NJR
$5.79B
| $2.47M | ﹤0.01% |
52,911
-16,238
| -23% | -$770K |
|
|
EMBJ
2680
Embraer S.A. ADS
EMBJ
$12.5B
| $2.46M | ﹤0.01% |
67,135
-2,751
| -4% | -$99K |
|
2681
Invitation Homes
INVH
$18.1B
| $2.46M | ﹤0.01% |
77,001
+19,525
| +34% | +$652K |
|
2682
Carriage Services
CSV
$643M
| $2.46M | ﹤0.01% |
61,700
+3,030
| +5% | +$112K |
|
2683
Strive US Energy ETF
DRLL
$290M
| $2.45M | ﹤0.01% |
89,886
+14,133
| +19% | +$409K |
|
|
HGLB
2684
Highland Global Allocation Fund
HGLB
$179M
| $2.45M | ﹤0.01% |
359,377
+18,092
| +5% | +$138K |
|
2685
Cardlytics
CDLX
$23.3M
| $2.45M | ﹤0.01% |
65,932
-2,547
| -4% | -$97.5K |
|
2686
Innovator US Small Cap Power Buffer ETF January
KJAN
$327M
| $2.44M | ﹤0.01% |
65,211
-421
| -0.6% | -$16K |
|
2687
Descartes Systems
DSGX
$6.63B
| $2.43M | ﹤0.01% |
21,375
+5,435
| +34% | +$606K |
|
2688
iShares ESG MSCI USA Leaders ETF
SUSL
$1.2B
| $2.43M | ﹤0.01% |
23,555
+369
| +2% | +$38.5K |
|
2689
Aptus Enhanced Yield ETF
JUCY
$317M
| $2.43M | ﹤0.01% |
106,512
-3,701
| -3% | -$85.4K |
|
|
NBIS
2690
Nebius Group N.V.
NBIS
$57.3B
| $2.42M | ﹤0.01% |
+87,477
| New | +$2.13M |
|
2691
FT Vest US Equity Deep Buffer ETF December
DDEC
$435M
| $2.42M | ﹤0.01% |
60,245
-1,776
| -3% | -$70.9K |
|
2692
Nuveen S&P 500 Dynamic Overwrite Fund
SPXX
$341M
| $2.42M | ﹤0.01% |
136,117
+14,654
| +12% | +$252K |
|
2693
Vanguard Intermediate-Term Tax-Exempt Bond ETF
VTEI
$1.48B
| $2.41M | ﹤0.01% |
24,276
+21,528
| +783% | +$2.15M |
|
|
ARI
2694
Apollo Commercial Real Estate
ARI
$889M
| $2.41M | ﹤0.01% |
278,588
+2,164
| +0.8% | +$19.5K |
|
2695
Northern Oil and Gas
NOG
$2.22B
| $2.41M | ﹤0.01% |
64,769
+4,631
| +8% | +$182K |
|
2696
Stellantis
STLA
$22.1B
| $2.41M | ﹤0.01% |
184,331
+18,302
| +11% | +$243K |
|
|
DAY
2697
DELISTED
Dayforce
DAY
| $2.4M | ﹤0.01% |
33,079
+11,292
| +52% | +$819K |
|
|
BERY
2698
DELISTED
Berry Global Group, Inc.
BERY
| $2.4M | ﹤0.01% |
37,108
+10,615
| +40% | +$701K |
|
2699
RingCentral
RNG
$5.09B
| $2.4M | ﹤0.01% |
68,429
+11,270
| +20% | +$405K |
|
2700
Bread Financial
BFH
$4.54B
| $2.39M | ﹤0.01% |
39,197
+16,081
| +70% | +$909K |
|
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.