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 S&P 500 Growth ETF
IVW
|
+$346M |
| 2 |
Apple
AAPL
|
+$225M |
| 3 |
iShares MSCI EAFE Growth ETF
EFG
|
+$223M |
| 4 |
Microsoft
MSFT
|
+$217M |
| 5 |
BlackRock US Equity Factor Rotation ETF
DYNF
|
+$181M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
iShares MSCI EAFE Value ETF
EFV
|
+$124M |
| 2 |
Vanguard Total Bond Market
BND
|
+$66.2M |
| 3 |
iShares ESG Aware MSCI USA ETF
ESGU
|
+$64.2M |
| 4 |
iShares Global Energy ETF
IXC
|
+$62.3M |
| 5 |
State Street Health Care Select Sector SPDR ETF
XLV
|
+$60.6M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 8.15% |
| 2 | Financials | 3.16% |
| 3 | Healthcare | 2.8% |
| 4 | Consumer Discretionary | 2.64% |
| 5 | Industrials | 2.29% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
251
ServiceNow
NOW
$114B
| $139M | 0.07% |
882,755
+78,560
| +10% | +$11.5M |
|
252
Vanguard Consumer Staples ETF
VDC
$8.14B
| $139M | 0.07% |
683,717
+28,459
| +4% | +$5.78M |
|
253
iShares Silver Trust
SLV
$27.6B
| $139M | 0.07% |
5,223,485
+1,187,101
| +29% | +$31.2M |
|
254
Vanguard Mid-Cap Value ETF
VOE
$24.1B
| $138M | 0.07% |
919,206
+31,300
| +4% | +$4.75M |
|
255
Vanguard FTSE All-World ex-US ETF
VEU
$65.6B
| $137M | 0.07% |
2,338,885
-730
| -0% | -$42.8K |
|
256
Morgan Stanley
MS
$333B
| $137M | 0.07% |
1,408,908
+192,027
| +16% | +$18.3M |
|
257
VanEck Gold Miners ETF
GDX
$22.7B
| $134M | 0.07% |
3,962,047
+696,549
| +21% | +$23.9M |
|
258
AB Ultra Short Income ETF
YEAR
$1.51B
| $133M | 0.07% |
2,638,502
+434,805
| +20% | +$21.9M |
|
259
Automatic Data Processing
ADP
$106B
| $132M | 0.07% |
554,982
+28,297
| +5% | +$6.95M |
|
260
ASML
ASML
$609B
| $132M | 0.07% |
129,376
+8,361
| +7% | +$8.04M |
|
261
Intuitive Surgical
ISRG
$130B
| $131M | 0.07% |
294,740
+24,715
| +9% | +$9.84M |
|
262
Comcast
CMCSA
$85.4B
| $129M | 0.06% |
3,304,250
+25,519
| +0.8% | +$999K |
|
263
Goldman Sachs
GS
$306B
| $129M | 0.06% |
284,702
+50,816
| +22% | +$22.3M |
|
264
Columbia Research Enhanced Core ETF
RECS
$5.95B
| $128M | 0.06% |
3,955,094
+1,230,279
| +45% | +$38.2M |
|
265
GE Aerospace
GE
$378B
| $127M | 0.06% |
799,733
+2,796
| +0.4% | +$446K |
|
266
iShares S&P Mid-Cap 400 Growth ETF
IJK
$10.8B
| $127M | 0.06% |
1,440,722
+263,700
| +22% | +$23.3M |
|
267
iShares MSCI Intl Quality Factor ETF
IQLT
$13.7B
| $126M | 0.06% |
3,238,510
+83,277
| +3% | +$3.26M |
|
268
Vanguard Real Estate ETF
VNQ
$40.1B
| $126M | 0.06% |
1,506,914
+62,472
| +4% | +$5.16M |
|
269
iShares 0-5 Year TIPS Bond ETF
STIP
$15.9B
| $126M | 0.06% |
1,261,670
-86,021
| -6% | -$8.53M |
|
270
Global X S&P 500 Covered Call ETF
XYLD
$3.21B
| $125M | 0.06% |
3,103,006
+366,810
| +13% | +$14.8M |
|
271
Xtrackers MSCI EAFE Hedged Equity ETF
DBEF
$9.17B
| $125M | 0.06% |
3,017,516
+690,251
| +30% | +$28.4M |
|
272
iShares Russell 2000 Value ETF
IWN
$14.5B
| $125M | 0.06% |
820,669
+66,912
| +9% | +$10.2M |
|
273
Bristol-Myers Squibb
BMY
$130B
| $123M | 0.06% |
2,966,771
+529,123
| +22% | +$23.7M |
|
274
Vanguard Extended Market ETF
VXF
$30.4B
| $123M | 0.06% |
728,459
+17,935
| +3% | +$3.03M |
|
275
General Dynamics
GD
$107B
| $122M | 0.06% |
421,733
+22,906
| +6% | +$6.71M |
|
Similar funds
LPL Financial's Q2 2024 Portfolio in Review
As of Q2 2024, LPL Financial held 5,204 positions worth $201B, up 7.8% from $186B the previous quarter. Its ten largest holdings account for 17% of the portfolio.
LPL Financial deployed $11.6B of net new capital in Q2 2024, opening 296 new positions and adding to 3,022 existing holdings. Its largest new stake was AB Short Duration High Yield ETF: 1,874,937 shares worth $65.8M.
By sector, the portfolio is most concentrated in Technology at 8.1% of assets, up from 7.2% a quarter earlier, followed by Financials and Healthcare.
On the sell side, the largest reduction was iShares MSCI EAFE Value ETF, an estimated $124M trimmed.
- LPL Financial's largest Q2 2024 buy was AB Short Duration High Yield ETF: 1,874,937 shares worth $65.8M.
- LPL Financial added most to iShares S&P 500 Growth ETF in Q2 2024, an estimated $346M increase.
- LPL Financial's biggest Q2 2024 reduction was iShares MSCI EAFE Value ETF, cutting an estimated $124M.
- LPL Financial fully exited Pioneer Natural Resource Co. in Q2 2024, selling an estimated $30.9M.
- LPL Financial's ten largest holdings make up 17% of its $201B portfolio in Q2 2024.
- LPL Financial opened 296 new positions and closed 196 in Q2 2024.
- LPL Financial's portfolio value rose 7.8% quarter-over-quarter to $201B.
Based on LPL Financial's 13F filing for Q2 2024, filed 7 Aug 2024.