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 | |
|---|---|---|---|---|---|---|
2951
WisdomTree Japan SmallCap Dividend Fund
DFJ
$390M
| $1.82M | ﹤0.01% |
24,182
-2,178
| -8% | -$167K |
|
2952
BlackRock Capital Allocation Term Trust
BCAT
$1.66B
| $1.81M | ﹤0.01% |
119,635
+27,602
| +30% | +$444K |
|
2953
United States Oil Fund
USO
$1.81B
| $1.81M | ﹤0.01% |
23,989
-3,515
| -13% | -$257K |
|
2954
Korn Ferry
KFY
$4.23B
| $1.81M | ﹤0.01% |
26,797
+3,167
| +13% | +$230K |
|
2955
Acushnet Holdings
GOLF
$5.98B
| $1.81M | ﹤0.01% |
25,411
+4,810
| +23% | +$327K |
|
2956
Innovator US Equity Power Buffer ETF March
PMAR
$771M
| $1.81M | ﹤0.01% |
44,921
+592
| +1% | +$23.6K |
|
|
BRSP
2957
BrightSpire Capital
BRSP
$649M
| $1.8M | ﹤0.01% |
319,596
-45,025
| -12% | -$266K |
|
2958
BlackRock TCP Capital
TCPC
$283M
| $1.8M | ﹤0.01% |
206,743
-336
| -0.2% | -$2.91K |
|
2959
Aurora
AUR
$14.2B
| $1.8M | ﹤0.01% |
284,993
+196,870
| +223% | +$1.23M |
|
2960
Pacer Swan SOS Moderate April ETF
PSMR
$91.3M
| $1.79M | ﹤0.01% |
64,282
+702
| +1% | +$19.5K |
|
2961
Nuveen Taxable Municipal Income Fund
NBB
$449M
| $1.79M | ﹤0.01% |
119,688
+8,213
| +7% | +$132K |
|
2962
Apple Hospitality REIT
APLE
$3.91B
| $1.79M | ﹤0.01% |
116,791
-36,720
| -24% | -$569K |
|
2963
ArcelorMittal
MT
$54.2B
| $1.79M | ﹤0.01% |
77,359
+57,829
| +296% | +$1.43M |
|
2964
Midland States Bancorp
MSBI
$711M
| $1.79M | ﹤0.01% |
73,275
-30,777
| -30% | -$770K |
|
2965
Broadstone Net Lease
BNL
$4.08B
| $1.78M | ﹤0.01% |
112,464
+54,721
| +95% | +$954K |
|
2966
Axos Financial
AX
$5.88B
| $1.78M | ﹤0.01% |
25,503
+1,381
| +6% | +$101K |
|
2967
Adaptive Hedged Multi-Asset Income ETF
AMAX
$68.2M
| $1.78M | ﹤0.01% |
228,797
+15,891
| +7% | +$127K |
|
2968
Lear
LEA
$6.17B
| $1.78M | ﹤0.01% |
18,754
+13,295
| +244% | +$1.32M |
|
2969
RenaissanceRe
RNR
$13.4B
| $1.77M | ﹤0.01% |
7,125
+98
| +1% | +$26.3K |
|
|
AZEK
2970
DELISTED
The AZEK Co
AZEK
| $1.77M | ﹤0.01% |
37,247
+5,589
| +18% | +$267K |
|
2971
iShares US Oil Equipment & Services ETF
IEZ
$365M
| $1.77M | ﹤0.01% |
89,250
+3,535
| +4% | +$72.7K |
|
2972
Peabody Energy
BTU
$2.65B
| $1.77M | ﹤0.01% |
84,319
-2,175
| -3% | -$53.7K |
|
2973
WPP
WPP
$4.39B
| $1.76M | ﹤0.01% |
34,325
-12,097
| -26% | -$639K |
|
2974
Innovator Growth-100 Power Buffer ETF January
NJAN
$356M
| $1.76M | ﹤0.01% |
36,621
-5,196
| -12% | -$246K |
|
2975
Dycom Industries
DY
$12.5B
| $1.76M | ﹤0.01% |
10,113
+1,326
| +15% | +$245K |
|
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.