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 | |
|---|---|---|---|---|---|---|
326
JPMorgan Municipal ETF
JMUB
$8.31B
| $96.4M | 0.05% |
1,900,364
+338,306
| +22% | +$17.2M |
|
327
First Trust Mid Cap Core AlphaDEX Fund
FNX
$1.38B
| $96.3M | 0.05% |
849,228
-15,356
| -2% | -$1.62M |
|
328
Enbridge
ENB
$121B
| $95.6M | 0.05% |
2,641,193
+12,916
| +0.5% | +$458K |
|
329
FT Vest Rising Dividend Achievers Target Income ETF
RDVI
$3.56B
| $95.5M | 0.05% |
3,903,148
+833,732
| +27% | +$19.3M |
|
330
iShares Morningstar Growth ETF
ILCG
$3.08B
| $95.3M | 0.05% |
1,263,029
+205,703
| +19% | +$14.8M |
|
331
Xtrackers MSCI EAFE Hedged Equity ETF
DBEF
$9.23B
| $95.3M | 0.05% |
2,327,265
+339,914
| +17% | +$13.1M |
|
332
iShares US Healthcare ETF
IYH
$3.39B
| $94.7M | 0.05% |
1,530,464
+171,569
| +13% | +$10.3M |
|
333
iShares Global Energy ETF
IXC
$2.77B
| $94.6M | 0.05% |
2,202,571
+240,463
| +12% | +$9.53M |
|
334
PNC Financial Services
PNC
$99.2B
| $94.6M | 0.05% |
585,136
+32,980
| +6% | +$4.97M |
|
335
Oneok
OKE
$56.1B
| $94.6M | 0.05% |
1,179,384
+42,767
| +4% | +$3.12M |
|
336
TSMC
TSM
$2.09T
| $94.3M | 0.05% |
693,388
+82,461
| +13% | +$10.2M |
|
337
State Street DoubleLine Total Return Tactical ETF
TOTL
$4.1B
| $93.7M | 0.05% |
2,340,559
-223,284
| -9% | -$8.9M |
|
338
S&P Global
SPGI
$122B
| $93.5M | 0.05% |
219,840
+16,544
| +8% | +$7.17M |
|
339
State Street SPDR Bloomberg High Yield Bond ETF
JNK
$7.07B
| $93.4M | 0.05% |
981,593
+370,147
| +61% | +$35M |
|
340
Mondelez International
MDLZ
$80.5B
| $92.7M | 0.05% |
1,324,087
+79,282
| +6% | +$5.79M |
|
341
Franklin US Mid Cap Multifactor Index ETF
FLQM
$1.59B
| $92.6M | 0.05% |
1,732,237
+187,726
| +12% | +$9.34M |
|
342
Alerian MLP ETF
AMLP
$12.9B
| $92.6M | 0.05% |
1,950,903
+252,086
| +15% | +$11.3M |
|
343
Invesco FTSE RAFI US 1000 ETF
PRF
$9.78B
| $92.4M | 0.05% |
2,401,409
+99,885
| +4% | +$3.63M |
|
344
Medtronic
MDT
$110B
| $92.2M | 0.05% |
1,057,987
-190,919
| -15% | -$16.3M |
|
345
Linde
LIN
$235B
| $92.1M | 0.05% |
198,255
+8,268
| +4% | +$3.58M |
|
346
State Street SPDR Bloomberg 1-10 Year TIPS ETF
TIPX
$2.02B
| $92M | 0.05% |
4,934,316
-638,786
| -11% | -$11.8M |
|
347
iShares Silver Trust
SLV
$28.6B
| $91.8M | 0.05% |
4,036,384
-159,405
| -4% | -$3.41M |
|
348
Vanguard Russell 1000 Value ETF
VONV
$20.6B
| $91M | 0.05% |
1,156,934
-66,989
| -5% | -$4.97M |
|
349
Goldman Sachs Access Treasury 0-1 Year ETF
GBIL
$7.64B
| $90.9M | 0.05% |
901,187
-87,287
| -9% | -$8.72M |
|
350
Vanguard S&P 500 Value ETF
VOOV
$6.61B
| $90.9M | 0.05% |
503,787
+6,039
| +1% | +$1.04M |
|
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.