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 S&P 500 Growth ETF
IVW
|
+$346M |
| 2 |
Apple
AAPL
|
+$225M |
| 3 |
iShares MSCI EAFE Growth ETF
EFG
|
+$223M |
| 4 |
Microsoft
MSFT
|
+$217M |
| 5 |
BlackRock US Equity Factor Rotation ETF
DYNF
|
+$181M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
iShares MSCI EAFE Value ETF
EFV
|
+$124M |
| 2 |
Vanguard Total Bond Market
BND
|
+$66.2M |
| 3 |
iShares ESG Aware MSCI USA ETF
ESGU
|
+$64.2M |
| 4 |
iShares Global Energy ETF
IXC
|
+$62.3M |
| 5 |
State Street Health Care Select Sector SPDR ETF
XLV
|
+$60.6M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 8.15% |
| 2 | Financials | 3.16% |
| 3 | Healthcare | 2.8% |
| 4 | Consumer Discretionary | 2.64% |
| 5 | Industrials | 2.29% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
276
iShares Core MSCI Total International Stock ETF
IXUS
$57.4B
| $122M | 0.06% |
1,811,097
+120,172
| +7% | +$8.15M |
|
277
First Trust Limited Duration Investment Grade Corporate ETF
FSIG
$1.51B
| $122M | 0.06% |
6,521,348
+436,893
| +7% | +$8.17M |
|
278
Altria Group
MO
$125B
| $122M | 0.06% |
2,677,025
+224,206
| +9% | +$9.95M |
|
279
Global X US Preferred ETF
PFFD
$2.15B
| $122M | 0.06% |
6,189,058
+659,248
| +12% | +$12.9M |
|
|
DFUS
280
Dimensional US Equity ETF
DFUS
$20.7B
| $121M | 0.06% |
2,063,543
+1,063,231
| +106% | +$60.4M |
|
281
State Street Real Estate Select Sector SPDR ETF
XLRE
$8.73B
| $121M | 0.06% |
3,137,833
-517,093
| -14% | -$19.5M |
|
282
Intuit
INTU
$85.6B
| $120M | 0.06% |
183,248
+8,266
| +5% | +$5.13M |
|
283
Thermo Fisher Scientific
TMO
$214B
| $120M | 0.06% |
217,770
+9,578
| +5% | +$5.49M |
|
284
Applied Materials
AMAT
$378B
| $120M | 0.06% |
509,605
+91,048
| +22% | +$19.5M |
|
285
First Trust Managed Municipal ETF
FMB
$2.04B
| $120M | 0.06% |
2,345,040
-108,096
| -4% | -$5.51M |
|
286
Wells Fargo
WFC
$263B
| $120M | 0.06% |
2,014,839
+177,750
| +10% | +$10.5M |
|
287
iShares US Aerospace & Defense ETF
ITA
$14.5B
| $119M | 0.06% |
904,685
+30,436
| +3% | +$4.04M |
|
288
iShares JPMorgan USD Emerging Markets Bond ETF
EMB
$15B
| $119M | 0.06% |
1,347,948
-135,687
| -9% | -$12M |
|
289
Vanguard Mega Cap Value ETF
MGV
$13.3B
| $119M | 0.06% |
1,005,969
+348,936
| +53% | +$41M |
|
290
Williams Companies
WMB
$85.8B
| $119M | 0.06% |
2,788,575
-240,892
| -8% | -$9.66M |
|
291
iShares MSCI USA Momentum Factor ETF
MTUM
$24.4B
| $118M | 0.06% |
607,818
-3,575
| -0.6% | -$667K |
|
292
ARK Innovation ETF
ARKK
$5.74B
| $118M | 0.06% |
2,688,929
-426,130
| -14% | -$19M |
|
293
iShares Broad USD High Yield Corporate Bond ETF
USHY
$29.2B
| $117M | 0.06% |
3,226,820
+128,654
| +4% | +$4.65M |
|
294
Truist Financial
TFC
$64.7B
| $117M | 0.06% |
3,006,233
-161,473
| -5% | -$6.1M |
|
295
Franklin International Core Dividend Tilt Index ETF
DIVI
$2.66B
| $115M | 0.06% |
3,677,825
+110,738
| +3% | +$3.54M |
|
296
Invesco Ultra Short Duration ETF
GSY
$3.86B
| $115M | 0.06% |
2,296,367
+296,823
| +15% | +$14.8M |
|
297
First Trust NASDAQ-100 Technology Index Fund
QTEC
$4.41B
| $114M | 0.06% |
577,776
-29,385
| -5% | -$5.53M |
|
298
iShares US Medical Devices ETF
IHI
$3.14B
| $114M | 0.06% |
2,035,078
-212,324
| -9% | -$11.9M |
|
299
Blackrock
BLK
$170B
| $114M | 0.06% |
144,421
+5,401
| +4% | +$4.21M |
|
300
Uber
UBER
$144B
| $114M | 0.06% |
1,564,380
+201,331
| +15% | +$14M |
|
Similar funds
LPL Financial's Q2 2024 Portfolio in Review
As of Q2 2024, LPL Financial held 5,204 positions worth $201B, up 7.8% from $186B the previous quarter. Its ten largest holdings account for 17% of the portfolio.
LPL Financial deployed $11.6B of net new capital in Q2 2024, opening 296 new positions and adding to 3,022 existing holdings. Its largest new stake was AB Short Duration High Yield ETF: 1,874,937 shares worth $65.8M.
By sector, the portfolio is most concentrated in Technology at 8.1% of assets, up from 7.2% a quarter earlier, followed by Financials and Healthcare.
On the sell side, the largest reduction was iShares MSCI EAFE Value ETF, an estimated $124M trimmed.
- LPL Financial's largest Q2 2024 buy was AB Short Duration High Yield ETF: 1,874,937 shares worth $65.8M.
- LPL Financial added most to iShares S&P 500 Growth ETF in Q2 2024, an estimated $346M increase.
- LPL Financial's biggest Q2 2024 reduction was iShares MSCI EAFE Value ETF, cutting an estimated $124M.
- LPL Financial fully exited Pioneer Natural Resource Co. in Q2 2024, selling an estimated $30.9M.
- LPL Financial's ten largest holdings make up 17% of its $201B portfolio in Q2 2024.
- LPL Financial opened 296 new positions and closed 196 in Q2 2024.
- LPL Financial's portfolio value rose 7.8% quarter-over-quarter to $201B.
Based on LPL Financial's 13F filing for Q2 2024, filed 7 Aug 2024.