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 S&P 500 Growth ETF
IVW
|
+$346M |
| 2 |
Apple
AAPL
|
+$225M |
| 3 |
iShares MSCI EAFE Growth ETF
EFG
|
+$223M |
| 4 |
Microsoft
MSFT
|
+$217M |
| 5 |
BlackRock US Equity Factor Rotation ETF
DYNF
|
+$181M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
iShares MSCI EAFE Value ETF
EFV
|
+$124M |
| 2 |
Vanguard Total Bond Market
BND
|
+$66.2M |
| 3 |
iShares ESG Aware MSCI USA ETF
ESGU
|
+$64.2M |
| 4 |
iShares Global Energy ETF
IXC
|
+$62.3M |
| 5 |
State Street Health Care Select Sector SPDR ETF
XLV
|
+$60.6M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 8.15% |
| 2 | Financials | 3.16% |
| 3 | Healthcare | 2.8% |
| 4 | Consumer Discretionary | 2.64% |
| 5 | Industrials | 2.29% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
326
Invesco BulletShares 2026 Corporate Bond ETF
BSCQ
$3.66B
| $102M | 0.05% |
5,333,587
+848,067
| +19% | +$16.3M |
|
327
iShares Russell 2000 Growth ETF
IWO
$14.4B
| $102M | 0.05% |
389,500
-45,150
| -10% | -$11.7M |
|
328
First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF
HYLS
$1.6B
| $102M | 0.05% |
2,513,109
+131,309
| +6% | +$5.34M |
|
329
Oneok
OKE
$55.9B
| $102M | 0.05% |
1,251,545
+72,161
| +6% | +$5.76M |
|
330
Alerian MLP ETF
AMLP
$12.9B
| $102M | 0.05% |
2,124,708
+173,805
| +9% | +$8.12M |
|
331
Northrop Grumman
NOC
$78B
| $102M | 0.05% |
233,630
+10,572
| +5% | +$4.83M |
|
332
Vanguard Short-Term Treasury ETF
VGSH
$29.3B
| $101M | 0.05% |
1,748,893
+72,935
| +4% | +$4.21M |
|
333
Target
TGT
$65.5B
| $101M | 0.05% |
682,927
+57,551
| +9% | +$9.05M |
|
334
State Street SPDR Bloomberg High Yield Bond ETF
JNK
$7.06B
| $101M | 0.05% |
1,069,135
+87,542
| +9% | +$8.23M |
|
335
iShares S&P Small-Cap 600 Growth ETF
IJT
$8.27B
| $100M | 0.05% |
781,445
+12,110
| +2% | +$1.55M |
|
336
Kimberly-Clark
KMB
$37.5B
| $99.9M | 0.05% |
722,613
-76,010
| -10% | -$10.2M |
|
337
VanEck Fallen Angel High Yield Bond ETF
ANGL
$3.08B
| $99.8M | 0.05% |
3,525,907
+148,241
| +4% | +$4.23M |
|
338
Illinois Tool Works
ITW
$84.9B
| $99.4M | 0.05% |
419,582
+17,977
| +4% | +$4.44M |
|
339
Invesco S&P 500 Momentum ETF
SPMO
$20.4B
| $98.8M | 0.05% |
1,129,339
+284,359
| +34% | +$23.1M |
|
340
Vertex Pharmaceuticals
VRTX
$124B
| $98.4M | 0.05% |
209,839
+26,468
| +14% | +$11.5M |
|
341
Fidelity Total Bond ETF
FBND
$27.2B
| $98.1M | 0.05% |
2,183,502
+264,838
| +14% | +$11.9M |
|
342
Enbridge
ENB
$121B
| $97.9M | 0.05% |
2,749,832
+108,639
| +4% | +$3.88M |
|
343
First Trust Senior Loan Fund ETF
FTSL
$2.32B
| $97.8M | 0.05% |
2,140,027
-372,139
| -15% | -$17.2M |
|
344
First Trust Long/Short Equity ETF
FTLS
$2.46B
| $97.8M | 0.05% |
1,562,009
+335,072
| +27% | +$20.5M |
|
345
Lam Research
LRCX
$337B
| $97.4M | 0.05% |
914,490
+104,010
| +13% | +$9.98M |
|
346
iShares Short Maturity Bond ETF
NEAR
$4.82B
| $96.8M | 0.05% |
1,923,575
+185,406
| +11% | +$9.3M |
|
347
Linde
LIN
$236B
| $95.9M | 0.05% |
218,455
+20,200
| +10% | +$8.89M |
|
348
iShares US Healthcare ETF
IYH
$3.46B
| $94.6M | 0.05% |
1,543,365
+12,901
| +0.8% | +$776K |
|
349
iShares Investment Grade Systematic Bond ETF
IGEB
$1.45B
| $94.5M | 0.05% |
2,131,417
+1,390,904
| +188% | +$61.4M |
|
350
Elevance Health
ELV
$83.7B
| $94.5M | 0.05% |
174,455
+15,424
| +10% | +$8.15M |
|
Similar funds
LPL Financial's Q2 2024 Portfolio in Review
As of Q2 2024, LPL Financial held 5,204 positions worth $201B, up 7.8% from $186B the previous quarter. Its ten largest holdings account for 17% of the portfolio.
LPL Financial deployed $11.6B of net new capital in Q2 2024, opening 296 new positions and adding to 3,022 existing holdings. Its largest new stake was AB Short Duration High Yield ETF: 1,874,937 shares worth $65.8M.
By sector, the portfolio is most concentrated in Technology at 8.1% of assets, up from 7.2% a quarter earlier, followed by Financials and Healthcare.
On the sell side, the largest reduction was iShares MSCI EAFE Value ETF, an estimated $124M trimmed.
- LPL Financial's largest Q2 2024 buy was AB Short Duration High Yield ETF: 1,874,937 shares worth $65.8M.
- LPL Financial added most to iShares S&P 500 Growth ETF in Q2 2024, an estimated $346M increase.
- LPL Financial's biggest Q2 2024 reduction was iShares MSCI EAFE Value ETF, cutting an estimated $124M.
- LPL Financial fully exited Pioneer Natural Resource Co. in Q2 2024, selling an estimated $30.9M.
- LPL Financial's ten largest holdings make up 17% of its $201B portfolio in Q2 2024.
- LPL Financial opened 296 new positions and closed 196 in Q2 2024.
- LPL Financial's portfolio value rose 7.8% quarter-over-quarter to $201B.
Based on LPL Financial's 13F filing for Q2 2024, filed 7 Aug 2024.