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 MSCI EAFE Value ETF
EFV
|
+$337M |
| 2 |
iShares Core Universal USD Bond ETF
IUSB
|
+$308M |
| 3 |
SPYM
State Street SPDR Portfolio S&P 500 ETF
SPYM
|
+$228M |
| 4 |
Microsoft
MSFT
|
+$197M |
| 5 |
Apple
AAPL
|
+$196M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
State Street Energy Select Sector SPDR ETF
XLE
|
+$89.7M |
| 2 |
iShares Currency Hedged MSCI EAFE ETF
HEFA
|
+$79.9M |
| 3 |
Invesco Russell 1000 Dynamic Multifactor ETF
OMFL
|
+$77.7M |
| 4 |
iShares Core MSCI Emerging Markets ETF
IEMG
|
+$48.7M |
| 5 |
iShares Russell Mid-Cap ETF
IWR
|
+$43.6M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 7.9% |
| 2 | Financials | 3.36% |
| 3 | Healthcare | 2.79% |
| 4 | Consumer Discretionary | 2.72% |
| 5 | Industrials | 2.38% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
301
Avantis US Equity ETF
AVUS
$13.7B
| $128M | 0.06% |
1,342,266
+97,263
| +8% | +$8.93M |
|
302
Capital Group Core Plus Income ETF
CGCP
$8.38B
| $127M | 0.06% |
5,490,411
+2,249,990
| +69% | +$51.4M |
|
303
Xtrackers MSCI EAFE Hedged Equity ETF
DBEF
$9.1B
| $126M | 0.06% |
3,002,234
-15,282
| -0.5% | -$629K |
|
304
iShares MSCI USA Momentum Factor ETF
MTUM
$23.6B
| $126M | 0.06% |
619,786
+11,968
| +2% | +$2.32M |
|
305
Uber
UBER
$145B
| $125M | 0.06% |
1,666,762
+102,382
| +7% | +$7.21M |
|
306
Texas Instruments
TXN
$248B
| $123M | 0.06% |
597,519
+33,035
| +6% | +$6.64M |
|
307
WisdomTree US MidCap Dividend Fund
DON
$4.05B
| $123M | 0.05% |
2,409,553
+528,175
| +28% | +$25.8M |
|
308
Intuit
INTU
$91.1B
| $121M | 0.05% |
195,175
+11,927
| +7% | +$7.61M |
|
309
Invesco Ultra Short Duration ETF
GSY
$3.86B
| $121M | 0.05% |
2,406,049
+109,682
| +5% | +$5.5M |
|
310
PIMCO Active Bond Exchange-Traded Fund
BOND
$8.4B
| $121M | 0.05% |
1,273,677
+368,354
| +41% | +$34.4M |
|
311
iShares S&P Small-Cap 600 Growth ETF
IJT
$8.13B
| $120M | 0.05% |
863,752
+82,307
| +11% | +$11.1M |
|
312
CrowdStrike
CRWD
$183B
| $120M | 0.05% |
1,718,084
+265,048
| +18% | +$18.8M |
|
313
ASML
ASML
$596B
| $120M | 0.05% |
144,298
+14,922
| +12% | +$13.3M |
|
314
Enbridge
ENB
$120B
| $120M | 0.05% |
2,943,094
+193,262
| +7% | +$7.44M |
|
315
Vanguard Russell 1000 Value ETF
VONV
$20.5B
| $119M | 0.05% |
1,434,011
+226,324
| +19% | +$18.1M |
|
316
Wells Fargo
WFC
$254B
| $118M | 0.05% |
2,080,274
+65,435
| +3% | +$3.7M |
|
317
Illinois Tool Works
ITW
$84.1B
| $117M | 0.05% |
448,100
+28,518
| +7% | +$7.02M |
|
318
PNC Financial Services
PNC
$99.1B
| $116M | 0.05% |
628,897
+31,318
| +5% | +$5.49M |
|
319
iShares TIPS Bond ETF
TIP
$14.5B
| $116M | 0.05% |
1,051,419
-350,968
| -25% | -$38.1M |
|
320
iShares S&P Mid-Cap 400 Growth ETF
IJK
$10.6B
| $116M | 0.05% |
1,259,195
-181,527
| -13% | -$16.2M |
|
321
Vanguard Morningstar Mega Cap Value ETF
MGV
$13.1B
| $115M | 0.05% |
899,191
-106,778
| -11% | -$13.2M |
|
322
Palantir
PLTR
$295B
| $115M | 0.05% |
3,100,520
+575,790
| +23% | +$17.7M |
|
323
Oneok
OKE
$56.7B
| $114M | 0.05% |
1,247,642
-3,903
| -0.3% | -$340K |
|
324
American Century US Quality Growth ETF
QGRO
$1.94B
| $113M | 0.05% |
1,242,240
-39,251
| -3% | -$3.41M |
|
325
Alerian MLP ETF
AMLP
$12.9B
| $113M | 0.05% |
2,399,962
+275,254
| +13% | +$13M |
|
Similar funds
LPL Financial's Q3 2024 Portfolio in Review
As of Q3 2024, LPL Financial held 5,335 positions worth $224B, up 12% from $201B the previous quarter. Its ten largest holdings account for 16% of the portfolio.
LPL Financial deployed $12.1B of net new capital in Q3 2024, opening 324 new positions and adding to 3,037 existing holdings. Its largest new stake was AB International Low Volatility Equity ETF: 419,588 shares worth $15.4M.
By sector, the portfolio is most concentrated in Technology at 7.9% of assets, down from 8.1% a quarter earlier, followed by Financials and Healthcare.
On the sell side, the largest reduction was State Street Energy Select Sector SPDR ETF, an estimated $89.7M trimmed.
- LPL Financial's largest Q3 2024 buy was AB International Low Volatility Equity ETF: 419,588 shares worth $15.4M.
- LPL Financial added most to iShares MSCI EAFE Value ETF in Q3 2024, an estimated $337M increase.
- LPL Financial's biggest Q3 2024 reduction was State Street Energy Select Sector SPDR ETF, cutting an estimated $89.7M.
- LPL Financial fully exited Encore Wire Corp in Q3 2024, selling an estimated $15.2M.
- LPL Financial's ten largest holdings make up 16% of its $224B portfolio in Q3 2024.
- LPL Financial opened 324 new positions and closed 179 in Q3 2024.
- LPL Financial's portfolio value rose 12% quarter-over-quarter to $224B.
Based on LPL Financial's 13F filing for Q3 2024, filed 8 Nov 2024.