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 MSCI EAFE Value ETF
EFV
|
+$337M |
| 2 |
iShares Core Universal USD Bond ETF
IUSB
|
+$308M |
| 3 |
SPYM
State Street SPDR Portfolio S&P 500 ETF
SPYM
|
+$228M |
| 4 |
Microsoft
MSFT
|
+$197M |
| 5 |
Apple
AAPL
|
+$196M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
State Street Energy Select Sector SPDR ETF
XLE
|
+$89.7M |
| 2 |
iShares Currency Hedged MSCI EAFE ETF
HEFA
|
+$79.9M |
| 3 |
Invesco Russell 1000 Dynamic Multifactor ETF
OMFL
|
+$77.7M |
| 4 |
iShares Core MSCI Emerging Markets ETF
IEMG
|
+$48.7M |
| 5 |
iShares Russell Mid-Cap ETF
IWR
|
+$43.6M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 7.9% |
| 2 | Financials | 3.36% |
| 3 | Healthcare | 2.79% |
| 4 | Consumer Discretionary | 2.72% |
| 5 | Industrials | 2.38% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
251
Truist Financial
TFC
$63.9B
| $155M | 0.07% |
3,630,761
+624,528
| +21% | +$26.4M |
|
252
Goldman Sachs Access US Aggregate Bond ETF
GCOR
$791M
| $155M | 0.07% |
3,639,203
-253,998
| -7% | -$10.6M |
|
253
Vanguard FTSE All-World ex-US ETF
VEU
$64.8B
| $154M | 0.07% |
2,442,324
+103,439
| +4% | +$6.23M |
|
254
iShares Russell 3000 ETF
IWV
$19.2B
| $153M | 0.07% |
469,157
+13,814
| +3% | +$4.35M |
|
255
Goldman Sachs
GS
$289B
| $153M | 0.07% |
309,347
+24,645
| +9% | +$12.1M |
|
256
Schwab US Large- Cap ETF
SCHX
$70.3B
| $153M | 0.07% |
6,749,640
+162,474
| +2% | +$3.54M |
|
257
State Street SPDR S&P 400 Mid Cap Growth ETF
MDYG
$2.76B
| $152M | 0.07% |
1,734,389
+49,227
| +3% | +$4.2M |
|
258
iShares Core MSCI Total International Stock ETF
IXUS
$56.8B
| $152M | 0.07% |
2,088,553
+277,456
| +15% | +$19.2M |
|
259
Vanguard Consumer Staples ETF
VDC
$8.16B
| $150M | 0.07% |
688,580
+4,863
| +0.7% | +$1.03M |
|
260
Deere & Co
DE
$165B
| $150M | 0.07% |
359,988
-31,402
| -8% | -$11.8M |
|
261
Vanguard Morningstar Mid-Cap Growth ETF
VOT
$18.9B
| $150M | 0.07% |
615,926
-701
| -0.1% | -$163K |
|
262
Vanguard Real Estate ETF
VNQ
$39.9B
| $149M | 0.07% |
1,531,147
+24,233
| +2% | +$2.23M |
|
263
Global X US Preferred ETF
PFFD
$2.13B
| $148M | 0.07% |
7,139,593
+950,535
| +15% | +$19.1M |
|
264
iShares 0-5 Year TIPS Bond ETF
STIP
$15.9B
| $148M | 0.07% |
1,463,439
+201,769
| +16% | +$20.2M |
|
265
State Street SPDR Portfolio MSCI Global Stock Market ETF
SPGM
$1.68B
| $148M | 0.07% |
2,284,769
-82,007
| -3% | -$5.08M |
|
266
Thermo Fisher Scientific
TMO
$214B
| $147M | 0.07% |
236,844
+19,074
| +9% | +$11.3M |
|
267
iShares US Aerospace & Defense ETF
ITA
$14B
| $146M | 0.07% |
973,776
+69,091
| +8% | +$9.74M |
|
268
Blackstone
BX
$104B
| $146M | 0.06% |
950,565
+47,607
| +5% | +$6.6M |
|
269
First Trust Dow Jones Internet Index Fund ETF
FDN
$4.99B
| $145M | 0.06% |
683,728
-5,330
| -0.8% | -$1.07M |
|
270
Blackrock
BLK
$167B
| $145M | 0.06% |
152,408
+7,987
| +6% | +$6.91M |
|
271
Honeywell
HON
$76.4B
| $143M | 0.06% |
736,177
+44,834
| +6% | +$8.7M |
|
272
Altria Group
MO
$125B
| $143M | 0.06% |
2,797,042
+120,017
| +4% | +$6.07M |
|
|
DFUS
273
Dimensional US Equity ETF
DFUS
$20.3B
| $140M | 0.06% |
2,249,572
+186,029
| +9% | +$11.1M |
|
274
Invesco Total Return Bond ETF
GTO
$2.42B
| $139M | 0.06% |
2,887,779
+593,167
| +26% | +$28.3M |
|
275
iShares MSCI Intl Quality Factor ETF
IQLT
$13.6B
| $139M | 0.06% |
3,351,160
+112,650
| +3% | +$4.49M |
|
Similar funds
LPL Financial's Q3 2024 Portfolio in Review
As of Q3 2024, LPL Financial held 5,335 positions worth $224B, up 12% from $201B the previous quarter. Its ten largest holdings account for 16% of the portfolio.
LPL Financial deployed $12.1B of net new capital in Q3 2024, opening 324 new positions and adding to 3,037 existing holdings. Its largest new stake was AB International Low Volatility Equity ETF: 419,588 shares worth $15.4M.
By sector, the portfolio is most concentrated in Technology at 7.9% of assets, down from 8.1% a quarter earlier, followed by Financials and Healthcare.
On the sell side, the largest reduction was State Street Energy Select Sector SPDR ETF, an estimated $89.7M trimmed.
- LPL Financial's largest Q3 2024 buy was AB International Low Volatility Equity ETF: 419,588 shares worth $15.4M.
- LPL Financial added most to iShares MSCI EAFE Value ETF in Q3 2024, an estimated $337M increase.
- LPL Financial's biggest Q3 2024 reduction was State Street Energy Select Sector SPDR ETF, cutting an estimated $89.7M.
- LPL Financial fully exited Encore Wire Corp in Q3 2024, selling an estimated $15.2M.
- LPL Financial's ten largest holdings make up 16% of its $224B portfolio in Q3 2024.
- LPL Financial opened 324 new positions and closed 179 in Q3 2024.
- LPL Financial's portfolio value rose 12% quarter-over-quarter to $224B.
Based on LPL Financial's 13F filing for Q3 2024, filed 8 Nov 2024.