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 | |
|---|---|---|---|---|---|---|
2701
Avnet
AVT
$7.59B
| $2.39M | ﹤0.01% |
45,602
+5,334
| +13% | +$289K |
|
2702
Franklin US Treasury Bond ETF
FLGV
$1.04B
| $2.38M | ﹤0.01% |
118,475
+38,181
| +48% | +$781K |
|
|
CGGE
2703
Capital Group Global Equity ETF
CGGE
$3.04B
| $2.38M | ﹤0.01% |
+93,304
| New | +$2.44M |
|
|
BFZ
2704
DELISTED
BlackRock CA Municipal Income Trust
BFZ
| $2.37M | ﹤0.01% |
211,996
-19,474
| -8% | -$228K |
|
|
MFA
2705
MFA Financial
MFA
$924M
| $2.37M | ﹤0.01% |
232,815
+33,578
| +17% | +$385K |
|
2706
Telephone and Data Systems
TDS
$4.07B
| $2.37M | ﹤0.01% |
+69,514
| New | +$2.11M |
|
2707
SiriusXM
SIRI
$10.4B
| $2.37M | ﹤0.01% |
103,960
+31,712
| +44% | +$809K |
|
2708
Hims & Hers Health
HIMS
$7.44B
| $2.37M | ﹤0.01% |
97,958
+980
| +1% | +$24.3K |
|
|
ARIS
2709
DELISTED
Aris Water Solutions
ARIS
| $2.37M | ﹤0.01% |
98,816
+23,123
| +31% | +$502K |
|
2710
Direxion Auspice Broad Commodity Strategy ETF
COM
$203M
| $2.37M | ﹤0.01% |
83,567
+37,021
| +80% | +$1.06M |
|
2711
CrossAmerica Partners
CAPL
$819M
| $2.36M | ﹤0.01% |
107,405
+6,306
| +6% | +$133K |
|
|
ITCI
2712
DELISTED
Intra-Cellular Therapies Inc.
ITCI
| $2.36M | ﹤0.01% |
28,258
+7,878
| +39% | +$647K |
|
2713
Roundhill Ball Metaverse ETF
METV
$217M
| $2.35M | ﹤0.01% |
163,608
+13,924
| +9% | +$196K |
|
2714
Rentokil
RTO
$12.6B
| $2.35M | ﹤0.01% |
92,879
+7,155
| +8% | +$181K |
|
2715
AdvisorShares Pure US Cannabis ETF
MSOS
$874M
| $2.35M | ﹤0.01% |
616,936
+185,575
| +43% | +$1M |
|
2716
Host Hotels & Resorts
HST
$17.1B
| $2.34M | ﹤0.01% |
133,430
+55,971
| +72% | +$1M |
|
2717
First Trust Exchange-Traded Fund II First Trust S-Network Future Vehicles & Technology ETF
CARZ
$48.4M
| $2.34M | ﹤0.01% |
40,241
-8,943
| -18% | -$520K |
|
2718
Tanger
SKT
$4.68B
| $2.33M | ﹤0.01% |
68,400
-243
| -0.4% | -$8.47K |
|
2719
WBI BullBear Quality 3000 ETF
WBIL
$29.5M
| $2.33M | ﹤0.01% |
66,759
-843
| -1% | -$30.1K |
|
2720
Abercrombie & Fitch
ANF
$4.9B
| $2.33M | ﹤0.01% |
15,614
+2,235
| +17% | +$326K |
|
2721
StoneX
SNEX
$9.1B
| $2.33M | ﹤0.01% |
80,308
-2,879
| -3% | -$80.6K |
|
2722
UFP Technologies
UFPT
$2.59B
| $2.33M | ﹤0.01% |
9,151
+1,898
| +26% | +$552K |
|
2723
BlackRock Energy and Resources Trust
BGR
$411M
| $2.33M | ﹤0.01% |
184,717
+30,961
| +20% | +$408K |
|
|
EAD
2724
Allspring Income Opportunities Fund
EAD
$378M
| $2.32M | ﹤0.01% |
337,200
+6,240
| +2% | +$43.4K |
|
2725
BrandywineGLOBAL Dynamic US Large Cap Value ETF
DVAL
$72.4M
| $2.32M | ﹤0.01% |
172,092
-29,081
| -14% | -$417K |
|
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.