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 | |
|---|---|---|---|---|---|---|
|
EMO
2851
ClearBridge Energy Midstream Opportunity Fund
EMO
$1.02B
| $2.02M | ﹤0.01% |
43,417
+5,723
| +15% | +$262K |
|
2852
Erie Indemnity
ERIE
$12.8B
| $2.02M | ﹤0.01% |
4,894
-59
| -1% | -$26.4K |
|
|
PFL
2853
PIMCO Income Strategy Fund
PFL
$384M
| $2.01M | ﹤0.01% |
240,082
-5,638
| -2% | -$47.9K |
|
2854
Perion Network
PERI
$386M
| $2.01M | ﹤0.01% |
236,914
-6,540
| -3% | -$55K |
|
2855
Invesco CurrencyShares Japanese Yen Trust
FXY
$451M
| $2M | ﹤0.01% |
34,171
-2,821
| -8% | -$171K |
|
|
JPI
2856
DELISTED
Nuveen Preferred Securities & Income Opportunities Fund
JPI
| $2M | ﹤0.01% |
102,047
+3,120
| +3% | +$64.5K |
|
2857
Davis Select International ETF
DINT
$295M
| $2M | ﹤0.01% |
91,578
+39,972
| +77% | +$946K |
|
2858
Lumen
LUMN
$6.91B
| $2M | ﹤0.01% |
376,089
-285,987
| -43% | -$1.97M |
|
2859
ONE Gas
OGS
$4.85B
| $1.99M | ﹤0.01% |
28,800
+220
| +0.8% | +$16.1K |
|
2860
Wintrust Financial
WTFC
$11B
| $1.99M | ﹤0.01% |
15,980
+3,622
| +29% | +$447K |
|
2861
BlackRock Health Sciences Trust
BME
$558M
| $1.99M | ﹤0.01% |
52,500
-5,006
| -9% | -$200K |
|
2862
Floor & Decor
FND
$6.46B
| $1.99M | ﹤0.01% |
19,968
+7,670
| +62% | +$824K |
|
2863
Black Stone Minerals
BSM
$3.14B
| $1.99M | ﹤0.01% |
136,076
+16,174
| +13% | +$241K |
|
2864
FT Vest US Equity Moderate Buffer ETF June
GJUN
$530M
| $1.98M | ﹤0.01% |
55,125
+11,673
| +27% | +$419K |
|
2865
HNI Corp
HNI
$3.49B
| $1.98M | ﹤0.01% |
39,360
+2,192
| +6% | +$118K |
|
2866
First Trust RiverFront Dynamic Emerging Markets ETF
RFEM
$81.6M
| $1.98M | ﹤0.01% |
31,314
-1,707
| -5% | -$112K |
|
2867
PIMCO Broad US TIPS Index Exchange-Traded Fund
TIPZ
$88.3M
| $1.98M | ﹤0.01% |
38,210
+1,654
| +5% | +$87.4K |
|
2868
Moog Inc Class A
MOG.A
$12.9B
| $1.98M | ﹤0.01% |
10,056
+2,139
| +27% | +$439K |
|
2869
Avantis International Large Cap Value ETF
AVIV
$2.02B
| $1.98M | ﹤0.01% |
38,138
+14,561
| +62% | +$784K |
|
2870
Rigetti Computing
RGTI
$5.8B
| $1.98M | ﹤0.01% |
129,510
+117,028
| +938% | +$437K |
|
2871
Crown Holdings
CCK
$13.2B
| $1.97M | ﹤0.01% |
23,881
-4,268
| -15% | -$388K |
|
2872
iShares Global Industrials ETF
EXI
$1.48B
| $1.97M | ﹤0.01% |
13,976
+415
| +3% | +$61.3K |
|
2873
Alpha Architect US Quantitative Value ETF
QVAL
$600M
| $1.97M | ﹤0.01% |
44,204
-1,858
| -4% | -$85.3K |
|
2874
MP Materials
MP
$8.45B
| $1.97M | ﹤0.01% |
126,435
+12,782
| +11% | +$237K |
|
2875
Aramark
ARMK
$14.8B
| $1.97M | ﹤0.01% |
52,811
+9,934
| +23% | +$386K |
|
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.