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 US Treasury Bond ETF
GOVT
|
+$2.1B |
| 2 |
BlackRock US Equity Factor Rotation ETF
DYNF
|
+$559M |
| 3 |
State Street SPDR Portfolio Intermediate Term Corporate Bond ETF
SPIB
|
+$548M |
| 4 |
iShares Core Universal USD Bond ETF
IUSB
|
+$408M |
| 5 |
iShares S&P 500 Value ETF
IVE
|
+$368M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Vanguard Total Bond Market
BND
|
+$1.4B |
| 2 |
Vanguard Morningstar Total Stock Market ETF
VTI
|
+$380M |
| 3 |
iShares Core S&P 500 ETF
IVV
|
+$360M |
| 4 |
iShares Treasury Floating Rate Bond ETF
TFLO
|
+$298M |
| 5 |
iShares ESG Aware MSCI USA ETF
ESGU
|
+$149M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 7.21% |
| 2 | Financials | 3.26% |
| 3 | Healthcare | 2.83% |
| 4 | Consumer Discretionary | 2.64% |
| 5 | Industrials | 2.38% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
276
Blackstone
BX
$102B
| $116M | 0.06% |
880,725
+15,358
| +2% | +$1.92M |
|
277
iShares US Aerospace & Defense ETF
ITA
$14.1B
| $115M | 0.06% |
874,249
-44,668
| -5% | -$5.6M |
|
278
Franklin International Core Dividend Tilt Index ETF
DIVI
$2.72B
| $115M | 0.06% |
3,567,087
+163,328
| +5% | +$5.07M |
|
279
iShares Core MSCI Total International Stock ETF
IXUS
$58.4B
| $115M | 0.06% |
1,690,925
+2,641
| +0.2% | +$172K |
|
280
ConocoPhillips
COP
$145B
| $115M | 0.06% |
900,501
+43,874
| +5% | +$5M |
|
281
Morgan Stanley
MS
$330B
| $115M | 0.06% |
1,216,881
+52,554
| +5% | +$4.63M |
|
282
iShares MSCI USA Momentum Factor ETF
MTUM
$24.9B
| $115M | 0.06% |
611,393
+46,241
| +8% | +$8.07M |
|
283
First Trust Limited Duration Investment Grade Corporate ETF
FSIG
$1.51B
| $114M | 0.06% |
6,084,455
-294,917
| -5% | -$5.56M |
|
284
State Street SPDR S&P 600 Small Cap Value ETF
SLYV
$4.89B
| $114M | 0.06% |
1,373,335
-166,334
| -11% | -$13.3M |
|
285
Intuit
INTU
$86.3B
| $114M | 0.06% |
174,982
+9,261
| +6% | +$5.91M |
|
286
iShares Broad USD High Yield Corporate Bond ETF
USHY
$29.3B
| $113M | 0.06% |
3,098,166
+8,273
| +0.3% | +$301K |
|
287
General Dynamics
GD
$103B
| $113M | 0.06% |
398,827
+14,580
| +4% | +$3.9M |
|
288
GE Aerospace
GE
$368B
| $112M | 0.06% |
796,937
+158,547
| +25% | +$18.7M |
|
289
Global X S&P 500 Covered Call ETF
XYLD
$3.22B
| $112M | 0.06% |
2,736,196
+401,712
| +17% | +$16.1M |
|
290
Avantis US Equity ETF
AVUS
$13.9B
| $112M | 0.06% |
1,246,731
+7,446
| +0.6% | +$629K |
|
291
Global X US Preferred ETF
PFFD
$2.15B
| $111M | 0.06% |
5,529,810
+943,406
| +21% | +$18.8M |
|
292
AB Ultra Short Income ETF
YEAR
$1.51B
| $111M | 0.06% |
2,203,697
+343,393
| +18% | +$17.3M |
|
293
Target
TGT
$65.6B
| $111M | 0.06% |
625,376
+25,792
| +4% | +$3.92M |
|
294
First Trust Nasdaq-100 Select Equal Weight ETF
QQEW
$1.73B
| $110M | 0.06% |
889,401
-9,250
| -1% | -$1.11M |
|
|
BSCO
295
DELISTED
Invesco BulletShares 2024 Corporate Bond ETF
BSCO
| $108M | 0.06% |
5,167,161
+316,241
| +7% | +$6.62M |
|
296
Intuitive Surgical
ISRG
$126B
| $108M | 0.06% |
270,025
+51,884
| +24% | +$19.6M |
|
297
Illinois Tool Works
ITW
$81.6B
| $108M | 0.06% |
401,605
+20,247
| +5% | +$5.26M |
|
298
iShares S&P Mid-Cap 400 Growth ETF
IJK
$10.7B
| $107M | 0.06% |
1,177,022
-43,195
| -4% | -$3.6M |
|
299
Altria Group
MO
$113B
| $107M | 0.06% |
2,452,819
+202,170
| +9% | +$8.38M |
|
300
Northrop Grumman
NOC
$76B
| $107M | 0.06% |
223,058
+15,333
| +7% | +$7.06M |
|
Similar funds
LPL Financial's Q1 2024 Portfolio in Review
As of Q1 2024, LPL Financial held 5,089 positions worth $186B, up 13% from $165B the previous quarter. Its ten largest holdings account for 16% of the portfolio.
LPL Financial deployed $9.13B of net new capital in Q1 2024, opening 298 new positions and adding to 2,838 existing holdings. Its largest new stake was JPMorgan Global Select Equity ETF: 859,035 shares worth $49.3M.
By sector, the portfolio is most concentrated in Technology at 7.2% of assets, up from 6.9% a quarter earlier, followed by Financials and Healthcare.
On the sell side, the largest reduction was Vanguard Total Bond Market, an estimated $1.4B trimmed.
- LPL Financial's largest Q1 2024 buy was JPMorgan Global Select Equity ETF: 859,035 shares worth $49.3M.
- LPL Financial added most to iShares US Treasury Bond ETF in Q1 2024, an estimated $2.1B increase.
- LPL Financial's biggest Q1 2024 reduction was Vanguard Total Bond Market, cutting an estimated $1.4B.
- LPL Financial fully exited WisdomTree Emerging Currency Strategy Fund in Q1 2024, selling an estimated $13.1M.
- LPL Financial's ten largest holdings make up 16% of its $186B portfolio in Q1 2024.
- LPL Financial opened 298 new positions and closed 179 in Q1 2024.
- LPL Financial's portfolio value rose 13% quarter-over-quarter to $186B.
Based on LPL Financial's 13F filing for Q1 2024, filed 10 May 2024.