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 | |
|---|---|---|---|---|---|---|
3151
FlexShares International Quality Dividend Index Fund
IQDF
$1.17B
| $1.49M | ﹤0.01% |
64,242
+417
| +0.7% | +$10.4K |
|
3152
First Trust Alerian US NextGen Infrastructure ETF
RBLD
$57.6M
| $1.49M | ﹤0.01% |
22,536
+1,662
| +8% | +$115K |
|
|
VPLS
3153
Vanguard Core Plus Bond ETF
VPLS
$1.65B
| $1.49M | ﹤0.01% |
19,629
+7,434
| +61% | +$575K |
|
|
BWG
3154
BrandywineGLOBAL Global Income Opportunities Fund
BWG
$130M
| $1.49M | ﹤0.01% |
185,714
+27,101
| +17% | +$230K |
|
|
TEM
3155
Tempus AI
TEM
$8.65B
| $1.49M | ﹤0.01% |
44,006
+24,032
| +120% | +$1.19M |
|
3156
Innovator Buffer Step-Up Strategy ETF
BSTP
$61.2M
| $1.48M | ﹤0.01% |
44,654
-7,873
| -15% | -$262K |
|
3157
PENN Entertainment
PENN
$2.66B
| $1.48M | ﹤0.01% |
74,817
+1,896
| +3% | +$37.3K |
|
3158
NorthWestern Energy
NWE
$4.22B
| $1.48M | ﹤0.01% |
27,670
+4,389
| +19% | +$239K |
|
3159
Elbit Systems
ESLT
$39.9B
| $1.48M | ﹤0.01% |
5,732
+1,420
| +33% | +$333K |
|
3160
Vanguard Core Bond ETF
VCRB
$7.19B
| $1.48M | ﹤0.01% |
19,470
+10,170
| +109% | +$785K |
|
3161
InfraCap REIT Preferred ETF
PFFR
$121M
| $1.47M | ﹤0.01% |
79,654
-95,056
| -54% | -$1.84M |
|
3162
Penske Automotive Group
PAG
$14.2B
| $1.47M | ﹤0.01% |
9,638
+3,124
| +48% | +$496K |
|
3163
Oceaneering
OII
$4.84B
| $1.47M | ﹤0.01% |
56,253
+451
| +0.8% | +$11.9K |
|
3164
Aptus International Enhanced Yield ETF
IDUB
$510M
| $1.46M | ﹤0.01% |
72,921
+11,148
| +18% | +$235K |
|
|
EXE
3165
PUT
Expand Energy Corp
EXE
$21.1B
| $1.46M | ﹤0.01% |
14,700
-4,700
| -24% | -$434K |
|
3166
BorgWarner
BWA
$13.9B
| $1.46M | ﹤0.01% |
45,984
-13,807
| -23% | -$470K |
|
3167
Research Solutions
RSSS
$73.9M
| $1.46M | ﹤0.01% |
351,759
-11,550
| -3% | -$36.5K |
|
3168
Terex
TEX
$7.6B
| $1.46M | ﹤0.01% |
31,552
-50,943
| -62% | -$2.66M |
|
3169
PUT
New Fortress Energy
NFE
$96M
| $1.45M | ﹤0.01% |
96,200
+72,700
| +309% | +$753K |
|
3170
First Trust Dorsey Wright Momentum & Value ETF
DVLU
$48.9M
| $1.45M | ﹤0.01% |
49,879
+7,850
| +19% | +$244K |
|
3171
Hamilton Lane
HLNE
$5.61B
| $1.45M | ﹤0.01% |
9,816
+2,101
| +27% | +$374K |
|
3172
Lithia Motors
LAD
$8.12B
| $1.45M | ﹤0.01% |
4,049
+503
| +14% | +$177K |
|
3173
Community Bank
CBU
$3.48B
| $1.45M | ﹤0.01% |
23,431
+51
| +0.2% | +$3.27K |
|
3174
OSI Systems
OSIS
$3.89B
| $1.44M | ﹤0.01% |
+8,626
| New | +$1.37M |
|
3175
American Superconductor
AMSC
$1.61B
| $1.44M | ﹤0.01% |
58,534
+44,985
| +332% | +$1.24M |
|
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.