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 | |
|---|---|---|---|---|---|---|
301
Wells Fargo
WFC
$258B
| $106M | 0.06% |
1,837,089
-189,219
| -9% | -$9.9M |
|
302
American Century US Quality Growth ETF
QGRO
$1.97B
| $106M | 0.06% |
1,250,491
-204,428
| -14% | -$16.5M |
|
303
Phillips 66
PSX
$84.4B
| $106M | 0.06% |
647,425
+5,891
| +0.9% | +$849K |
|
304
iShares Russell Mid-Cap Value ETF
IWS
$15.6B
| $105M | 0.06% |
840,905
-31,883
| -4% | -$3.75M |
|
305
Uber
UBER
$143B
| $105M | 0.06% |
1,363,049
+100,362
| +8% | +$7.2M |
|
306
iShares Morningstar Mid-Cap Growth ETF
IMCG
$3.93B
| $104M | 0.06% |
1,474,285
+620,381
| +73% | +$41.3M |
|
307
Janus Henderson Short Duration Income ETF
VNLA
$3.34B
| $104M | 0.06% |
2,144,914
+130,103
| +6% | +$6.3M |
|
308
State Street Blackstone Senior Loan ETF
SRLN
$5.3B
| $103M | 0.06% |
2,457,051
+288,255
| +13% | +$12.1M |
|
309
Kimberly-Clark
KMB
$36.6B
| $103M | 0.06% |
798,623
+21,135
| +3% | +$2.59M |
|
310
First Trust Large Cap Growth AlphaDEX Fund
FTC
$1.3B
| $103M | 0.06% |
837,768
-144,156
| -15% | -$16.7M |
|
311
VanEck Gold Miners ETF
GDX
$23.5B
| $103M | 0.06% |
3,265,498
+267,529
| +9% | +$7.6M |
|
312
State Street SPDR S&P 400 Mid Cap Value ETF
MDYV
$2.77B
| $103M | 0.06% |
1,348,859
-21,898
| -2% | -$1.59M |
|
313
Invesco Total Return Bond ETF
GTO
$2.42B
| $102M | 0.05% |
2,180,587
-321,868
| -13% | -$15M |
|
314
CrowdStrike
CRWD
$189B
| $101M | 0.05% |
1,264,396
+90,692
| +8% | +$6.94M |
|
315
iShares S&P Small-Cap 600 Growth ETF
IJT
$8.27B
| $101M | 0.05% |
769,335
+22,475
| +3% | +$2.8M |
|
316
United Rentals
URI
$66.5B
| $99.8M | 0.05% |
138,386
+38,613
| +39% | +$24.8M |
|
317
Invesco Ultra Short Duration ETF
GSY
$3.86B
| $99.8M | 0.05% |
1,999,544
+439,207
| +28% | +$21.9M |
|
318
Invesco Dividend Achievers ETF
PFM
$792M
| $99.4M | 0.05% |
2,334,841
-60,179
| -3% | -$2.47M |
|
319
Vanguard Total World Stock ETF
VT
$76.9B
| $98.4M | 0.05% |
890,510
-6,983
| -0.8% | -$738K |
|
320
First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF
HYLS
$1.61B
| $98.2M | 0.05% |
2,381,800
+261,655
| +12% | +$10.8M |
|
321
VanEck Fallen Angel High Yield Bond ETF
ANGL
$3.08B
| $98M | 0.05% |
3,377,666
+609,979
| +22% | +$17.6M |
|
|
BSCP
322
DELISTED
Invesco BulletShares 2025 Corporate Bond ETF
BSCP
| $97.8M | 0.05% |
4,787,346
-256,888
| -5% | -$5.25M |
|
323
Goldman Sachs
GS
$302B
| $97.7M | 0.05% |
233,886
+18,415
| +9% | +$7.15M |
|
324
Air Products & Chemicals
APD
$66.8B
| $97.5M | 0.05% |
402,270
+18,590
| +5% | +$4.56M |
|
325
Vanguard Short-Term Treasury ETF
VGSH
$29.3B
| $97.3M | 0.05% |
1,675,958
-241,880
| -13% | -$14.1M |
|
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.