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 | |
|---|---|---|---|---|---|---|
2926
Innovator US Equity Buffer ETF December
BDEC
$222M
| $1.86M | ﹤0.01% |
43,233
-5,675
| -12% | -$247K |
|
2927
iShares Self-Driving EV and Tech ETF
IDRV
$137M
| $1.86M | ﹤0.01% |
63,613
-15,117
| -19% | -$457K |
|
2928
Iovance Biotherapeutics
IOVA
$1.93B
| $1.86M | ﹤0.01% |
250,707
+16,252
| +7% | +$151K |
|
2929
WBI BullBear Value 3000 ETF
WBIF
$23.4M
| $1.85M | ﹤0.01% |
65,304
-838
| -1% | -$24.7K |
|
|
NCZ
2930
Virtus Convertible & Income Fund II
NCZ
$296M
| $1.85M | ﹤0.01% |
148,138
+75,452
| +104% | +$958K |
|
2931
Itaú Unibanco
ITUB
$93.6B
| $1.85M | ﹤0.01% |
422,874
+91,486
| +28% | +$471K |
|
2932
UFP Industries
UFPI
$5.18B
| $1.85M | ﹤0.01% |
16,410
+484
| +3% | +$62.4K |
|
2933
Avantis Emerging Markets Value ETF
AVES
$1.48B
| $1.85M | ﹤0.01% |
39,963
+7,120
| +22% | +$353K |
|
2934
Hanover Insurance
THG
$8.09B
| $1.84M | ﹤0.01% |
11,915
+3,847
| +48% | +$597K |
|
2935
Invesco Dorsey Wright Basic Materials Momentum ETF
PYZ
$75.4M
| $1.84M | ﹤0.01% |
21,217
+7,266
| +52% | +$688K |
|
2936
TD Synnex
SNX
$20.3B
| $1.84M | ﹤0.01% |
15,680
+2,050
| +15% | +$245K |
|
|
ALTR
2937
DELISTED
Altair Engineering Inc
ALTR
| $1.84M | ﹤0.01% |
16,698
-21,802
| -57% | -$2.25M |
|
|
CCC
2938
CCC Intelligent Solutions
CCC
$3.71B
| $1.84M | ﹤0.01% |
156,577
+116,474
| +290% | +$1.35M |
|
2939
NMI Holdings
NMIH
$3.35B
| $1.84M | ﹤0.01% |
49,962
+33,174
| +198% | +$1.29M |
|
2940
Phibro Animal Health
PAHC
$1.51B
| $1.84M | ﹤0.01% |
87,446
+35,053
| +67% | +$811K |
|
2941
Angel Oak High Yield Opportunities ETF
AOHY
$124M
| $1.83M | ﹤0.01% |
166,656
-12,672
| -7% | -$141K |
|
2942
SM Energy
SM
$7.66B
| $1.83M | ﹤0.01% |
47,333
+21,140
| +81% | +$893K |
|
|
NXC
2943
DELISTED
Nuveen CA Select Tax-Free Income Portfolio
NXC
| $1.83M | ﹤0.01% |
141,792
-8,149
| -5% | -$110K |
|
2944
PJT Partners
PJT
$4.36B
| $1.83M | ﹤0.01% |
11,601
+1,210
| +12% | +$185K |
|
2945
Amplify Video Game Tech ETF
GAMR
$39.6M
| $1.83M | ﹤0.01% |
27,926
+1,148
| +4% | +$75.7K |
|
2946
Coupang
CPNG
$30.1B
| $1.83M | ﹤0.01% |
83,054
-33,143
| -29% | -$813K |
|
2947
First Financial Bancorp
FFBC
$3.62B
| $1.83M | ﹤0.01% |
67,898
+7,253
| +12% | +$198K |
|
2948
BNY Mellon Concentrated International ETF
BKCI
$134M
| $1.82M | ﹤0.01% |
38,334
+3,164
| +9% | +$160K |
|
2949
Inspire Medical Systems
INSP
$1.5B
| $1.82M | ﹤0.01% |
9,811
-338
| -3% | -$65.6K |
|
2950
FT Vest US Equity Deep Buffer ETF February
DFEB
$465M
| $1.82M | ﹤0.01% |
42,599
+18,425
| +76% | +$780K |
|
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.