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 | |
|---|---|---|---|---|---|---|
3351
Semtech
SMTC
$12B
| $1.18M | ﹤0.01% |
19,154
+2,965
| +18% | +$157K |
|
|
UMH
3352
UMH Properties
UMH
$1.3B
| $1.18M | ﹤0.01% |
62,624
+6,620
| +12% | +$126K |
|
3353
BioLife Solutions
BLFS
$1.59B
| $1.18M | ﹤0.01% |
45,488
+5,308
| +13% | +$132K |
|
3354
iShares MSCI Hong Kong ETF
EWH
$1.23B
| $1.18M | ﹤0.01% |
+70,848
| New | +$1.26M |
|
3355
Albany International
AIN
$2.13B
| $1.18M | ﹤0.01% |
14,734
+5,837
| +66% | +$458K |
|
|
FDIQ
3356
Invesco Bloomberg Financial Data Providers ETF
FDIQ
$50.3M
| $1.18M | ﹤0.01% |
19,706
+366
| +2% | +$22.5K |
|
|
MMD
3357
MainStay MacKay DefinedTerm Municipal Opportunities Fund
MMD
$280M
| $1.18M | ﹤0.01% |
78,809
-104,993
| -57% | -$1.7M |
|
3358
Bank of Marin Bancorp
BMRC
$474M
| $1.17M | ﹤0.01% |
49,430
| – | – |
|
3359
Upwork
UPWK
$1.18B
| $1.17M | ﹤0.01% |
+71,842
| New | +$1.03M |
|
3360
BlackRock MuniYield Quality Fund
MQY
$806M
| $1.17M | ﹤0.01% |
101,953
-6,315
| -6% | -$79.2K |
|
3361
DNOW Inc
DNOW
$2.6B
| $1.17M | ﹤0.01% |
90,269
-3,426
| -4% | -$46.2K |
|
3362
Hecla Mining
HL
$10.3B
| $1.17M | ﹤0.01% |
238,974
-9,000
| -4% | -$53.8K |
|
3363
iShares MSCI Japan Value ETF
EWJV
$724M
| $1.17M | ﹤0.01% |
37,455
-15,965
| -30% | -$511K |
|
3364
PUT
Bristol-Myers Squibb
BMY
$135B
| $1.17M | ﹤0.01% |
20,700
-44,500
| -68% | -$2.49M |
|
3365
World Kinect Corp
WKC
$2B
| $1.17M | ﹤0.01% |
42,448
+5,861
| +16% | +$168K |
|
3366
iShares Government/Credit Bond ETF
GBF
$128M
| $1.17M | ﹤0.01% |
11,411
-220
| -2% | -$22.9K |
|
3367
AllianzIM U.S. Equity Buffer20 Apr ETF
APRW
$204M
| $1.16M | ﹤0.01% |
35,445
-6,750
| -16% | -$220K |
|
3368
RH Tactical Rotation ETF
RHRX
$40.3M
| $1.16M | ﹤0.01% |
+73,782
| New | +$1.18M |
|
3369
Chemours
CC
$2.57B
| $1.16M | ﹤0.01% |
68,797
+6,937
| +11% | +$135K |
|
3370
Morgan Stanley Direct Lending Fund
MSDL
$1.27B
| $1.16M | ﹤0.01% |
56,164
+27,552
| +96% | +$564K |
|
3371
Nuveen Credit Strategies Income Fund
JQC
$707M
| $1.16M | ﹤0.01% |
203,742
+21,983
| +12% | +$127K |
|
3372
NIO
NIO
$11.9B
| $1.15M | ﹤0.01% |
264,840
-52,275
| -16% | -$266K |
|
|
KIO
3373
KKR Income Opportunities Fund
KIO
$452M
| $1.15M | ﹤0.01% |
86,269
+5,277
| +7% | +$72.8K |
|
3374
Power Integrations
POWI
$3.6B
| $1.15M | ﹤0.01% |
18,707
+2,407
| +15% | +$153K |
|
|
AFB
3375
AllianceBernstein National Municipal Income Fund
AFB
$313M
| $1.15M | ﹤0.01% |
106,156
-1,210
| -1% | -$13.7K |
|
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.