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 | |
|---|---|---|---|---|---|---|
3201
Brinker International
EAT
$9.68B
| $1.4M | ﹤0.01% |
10,568
-10
| -0.1% | -$1.13K |
|
|
TERN
3202
DELISTED
Terns Pharmaceuticals
TERN
| $1.4M | ﹤0.01% |
252,325
+201,575
| +397% | +$1.36M |
|
|
TWO
3203
Two Harbors Investment
TWO
$1.27B
| $1.4M | ﹤0.01% |
117,994
+18,682
| +19% | +$226K |
|
|
VRNA
3204
DELISTED
Verona Pharma
VRNA
| $1.39M | ﹤0.01% |
30,033
+15,598
| +108% | +$586K |
|
3205
Zillow
Z
$8.26B
| $1.39M | ﹤0.01% |
18,835
-12,977
| -41% | -$928K |
|
3206
iShares US Small Cap Value Factor ETF
SVAL
$207M
| $1.39M | ﹤0.01% |
42,735
+9,266
| +28% | +$311K |
|
3207
MiMedx Group
MDXG
$611M
| $1.38M | ﹤0.01% |
143,845
+98,004
| +214% | +$763K |
|
|
ARR
3208
Armour Residential REIT
ARR
$2.35B
| $1.38M | ﹤0.01% |
73,352
+42,823
| +140% | +$822K |
|
3209
AllianzIM U.S. Equity Buffer10 Oct ETF
OCTT
$57.1M
| $1.38M | ﹤0.01% |
36,170
+10,150
| +39% | +$387K |
|
3210
Applied Digital
APLD
$8.77B
| $1.38M | ﹤0.01% |
180,902
+66,683
| +58% | +$554K |
|
|
DX
3211
Dynex Capital
DX
$3.16B
| $1.38M | ﹤0.01% |
109,242
+28,272
| +35% | +$352K |
|
|
CDMO
3212
DELISTED
Avid Bioservices, Inc. Common Stock
CDMO
| $1.38M | ﹤0.01% |
111,307
+699
| +0.6% | +$8.01K |
|
3213
BlackRock MuniHoldings Fund
MHD
$603M
| $1.38M | ﹤0.01% |
118,025
+3,673
| +3% | +$45.2K |
|
3214
TRI-Continental Corp
TY
$1.91B
| $1.38M | ﹤0.01% |
43,462
-1,265
| -3% | -$42K |
|
3215
Leuthold Core ETF
LCR
$68.5M
| $1.38M | ﹤0.01% |
40,064
+16,309
| +69% | +$577K |
|
3216
Ranger Energy Services
RNGR
$369M
| $1.37M | ﹤0.01% |
88,745
-4,550
| -5% | -$65.2K |
|
3217
OppFi
OPFI
$840M
| $1.37M | ﹤0.01% |
179,005
+455
| +0.3% | +$2.87K |
|
3218
Macy's
M
$6.81B
| $1.37M | ﹤0.01% |
80,836
+5,665
| +8% | +$90.3K |
|
|
XHR
3219
Xenia Hotels & Resorts
XHR
$1.88B
| $1.37M | ﹤0.01% |
91,881
+5,742
| +7% | +$86.9K |
|
3220
Yeti Holdings
YETI
$3.98B
| $1.36M | ﹤0.01% |
35,425
+8,141
| +30% | +$323K |
|
3221
John Hancock Corporate Bond ETF
JHCB
$110M
| $1.36M | ﹤0.01% |
+65,198
| New | +$1.4M |
|
3222
Simplify Volatility Premium ETF
SVOL
$522M
| $1.36M | ﹤0.01% |
65,548
+19,207
| +41% | +$414K |
|
3223
Duolingo
DUOL
$6.24B
| $1.36M | ﹤0.01% |
4,198
+1,776
| +73% | +$565K |
|
3224
Arteris
AIP
$1.46B
| $1.36M | ﹤0.01% |
133,559
+24,812
| +23% | +$205K |
|
3225
iShares ESG Screened S&P Small-Cap ETF
XJR
$191M
| $1.36M | ﹤0.01% |
33,078
+6,453
| +24% | +$275K |
|
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.