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 | |
|---|---|---|---|---|---|---|
326
Northrop Grumman
NOC
$76B
| $123M | 0.05% |
261,837
+18,854
| +8% | +$9.48M |
|
327
Arista Networks
ANET
$199B
| $123M | 0.05% |
1,110,595
+108,931
| +11% | +$11.2M |
|
328
Goldman Sachs Access Treasury 0-1 Year ETF
GBIL
$7.64B
| $122M | 0.05% |
1,222,484
+112,333
| +10% | +$11.2M |
|
329
TJX Companies
TJX
$179B
| $122M | 0.05% |
1,009,386
+134,175
| +15% | +$16M |
|
330
First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF
HYLS
$1.6B
| $120M | 0.05% |
2,903,116
-278,093
| -9% | -$11.6M |
|
331
First Trust Growth Strength ETF
FTGS
$1.28B
| $120M | 0.05% |
3,812,706
+945,823
| +33% | +$30.4M |
|
332
State Street SPDR Portfolio High Yield Bond ETF
SPHY
$11.5B
| $119M | 0.05% |
5,088,465
+607,746
| +14% | +$14.4M |
|
333
ARK Innovation ETF
ARKK
$5.59B
| $119M | 0.05% |
2,102,316
-238,384
| -10% | -$12.8M |
|
334
PUT
Invesco QQQ Trust
QQQ
$436B
| $119M | 0.05% |
233,400
+67,100
| +40% | +$33.9M |
|
335
Illinois Tool Works
ITW
$84.1B
| $119M | 0.05% |
470,178
+22,078
| +5% | +$5.86M |
|
336
VanEck Gold Miners ETF
GDX
$22.5B
| $119M | 0.05% |
3,513,466
-462,337
| -12% | -$17.7M |
|
337
ASML
ASML
$596B
| $119M | 0.05% |
171,269
+26,971
| +19% | +$19.4M |
|
338
Vanguard Morningstar Mega Cap Value ETF
MGV
$13.1B
| $119M | 0.05% |
953,263
+54,072
| +6% | +$6.98M |
|
339
Uber
UBER
$145B
| $119M | 0.05% |
1,961,220
+294,458
| +18% | +$21M |
|
340
Invesco S&P SmallCap Momentum ETF
XSMO
$2.94B
| $119M | 0.05% |
1,794,668
+524,443
| +41% | +$36.1M |
|
341
iShares Expanded Tech Sector ETF
IGM
$9.57B
| $119M | 0.05% |
1,161,225
+265,134
| +30% | +$26.6M |
|
342
Capital Group Core Balanced ETF
CGBL
$7.07B
| $118M | 0.05% |
3,787,433
+1,274,153
| +51% | +$40.2M |
|
343
Texas Instruments
TXN
$248B
| $118M | 0.05% |
630,922
+33,403
| +6% | +$6.68M |
|
344
JPMorgan Ultra-Short Municipal Income ETF
JMST
$7.12B
| $118M | 0.05% |
2,328,339
+402,646
| +21% | +$20.5M |
|
345
State Street Blackstone Senior Loan ETF
SRLN
$5.3B
| $118M | 0.05% |
2,827,389
+198,616
| +8% | +$8.31M |
|
346
iShares TIPS Bond ETF
TIP
$14.5B
| $118M | 0.05% |
1,103,898
+52,479
| +5% | +$5.68M |
|
347
Vanguard Short-Term Treasury ETF
VGSH
$29.3B
| $118M | 0.05% |
2,020,581
+218,069
| +12% | +$12.7M |
|
348
JPMorgan Active Bond ETF
JBND
$8.44B
| $117M | 0.05% |
2,243,401
+766,225
| +52% | +$40.7M |
|
349
General Dynamics
GD
$103B
| $117M | 0.05% |
443,233
+1,689
| +0.4% | +$486K |
|
350
Cummins
CMI
$83.6B
| $117M | 0.05% |
334,662
+17,662
| +6% | +$6.2M |
|
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.