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 | |
|---|---|---|---|---|---|---|
351
Franklin US Mid Cap Multifactor Index ETF
FLQM
$1.61B
| $94.4M | 0.05% |
1,839,793
+107,556
| +6% | +$5.54M |
|
352
State Street DoubleLine Total Return Tactical ETF
TOTL
$4.11B
| $93.8M | 0.05% |
2,361,442
+20,883
| +0.9% | +$824K |
|
353
Phillips 66
PSX
$82.5B
| $93.7M | 0.05% |
664,044
+16,619
| +3% | +$2.46M |
|
354
First Trust Mid Cap Core AlphaDEX Fund
FNX
$1.39B
| $93.4M | 0.05% |
860,681
+11,453
| +1% | +$1.25M |
|
355
WisdomTree Emerging Markets High Dividend Fund
DEM
$3.84B
| $93.4M | 0.05% |
2,156,546
+72,643
| +3% | +$3.12M |
|
356
PNC Financial Services
PNC
$100B
| $92.9M | 0.05% |
597,579
+12,443
| +2% | +$1.93M |
|
357
First Trust Large Cap Growth AlphaDEX Fund
FTC
$1.29B
| $92.8M | 0.05% |
757,415
-80,353
| -10% | -$9.66M |
|
358
TJX Companies
TJX
$178B
| $92.7M | 0.05% |
842,405
+3,339
| +0.4% | +$336K |
|
359
iShares MSCI India ETF
INDA
$6.84B
| $92.5M | 0.05% |
1,658,925
+331,769
| +25% | +$17.6M |
|
360
Vanguard Russell 1000 Value ETF
VONV
$20.7B
| $92.5M | 0.05% |
1,207,687
+50,753
| +4% | +$3.9M |
|
361
iShares Ultra Short Duration Bond Active ETF
ICSH
$8.06B
| $92.4M | 0.05% |
1,828,635
+60,304
| +3% | +$3.04M |
|
362
Invesco FTSE RAFI US 1000 ETF
PRF
$9.82B
| $92M | 0.05% |
2,425,465
+24,056
| +1% | +$907K |
|
363
Schwab International Equity ETF
SCHF
$65.5B
| $91.9M | 0.05% |
4,786,152
+170,726
| +4% | +$3.3M |
|
364
iShares Expanded Tech-Software Sector ETF
IGV
$12.3B
| $91.9M | 0.05% |
1,057,164
+218,215
| +26% | +$17.9M |
|
365
Pacer Trendpilot 100 ETF
PTNQ
$1.18B
| $91.9M | 0.05% |
1,274,134
+38,671
| +3% | +$2.68M |
|
366
Analog Devices
ADI
$178B
| $91.2M | 0.05% |
399,403
+32,014
| +9% | +$6.83M |
|
367
Janus Henderson Short Duration Income ETF
VNLA
$3.33B
| $91.1M | 0.05% |
1,875,791
-269,123
| -13% | -$13M |
|
368
iShares iBoxx $ High Yield Corporate Bond ETF
HYG
$15.9B
| $91M | 0.05% |
1,179,310
+84,505
| +8% | +$6.5M |
|
369
Micron Technology
MU
$927B
| $90.4M | 0.05% |
687,438
+196,949
| +40% | +$24.8M |
|
370
Mondelez International
MDLZ
$80.2B
| $90.4M | 0.05% |
1,381,246
+57,159
| +4% | +$3.92M |
|
371
Intel
INTC
$435B
| $89.6M | 0.04% |
2,894,107
+68,121
| +2% | +$2.23M |
|
372
JPMorgan Ultra-Short Municipal Income ETF
JMST
$7.12B
| $89.2M | 0.04% |
1,757,832
+172,347
| +11% | +$8.73M |
|
373
Emerson Electric
EMR
$85B
| $88.9M | 0.04% |
806,666
+17,820
| +2% | +$1.97M |
|
|
BSCO
374
DELISTED
Invesco BulletShares 2024 Corporate Bond ETF
BSCO
| $88.6M | 0.04% |
4,206,865
-960,296
| -19% | -$20.2M |
|
375
PUT
Invesco QQQ Trust
QQQ
$445B
| $88.3M | 0.04% |
184,200
+182,850
| +13,544% | +$82.2M |
|
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.