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 | |
|---|---|---|---|---|---|---|
|
NVO
351
Novo Nordisk
NVO
$228B
| $117M | 0.05% |
1,356,067
-6,715
| -0.5% | -$726K |
|
352
US Bancorp
USB
$98B
| $116M | 0.05% |
2,431,993
+225,968
| +10% | +$11.1M |
|
|
BSCP
353
DELISTED
Invesco BulletShares 2025 Corporate Bond ETF
BSCP
| $116M | 0.05% |
5,610,388
+412,835
| +8% | +$8.53M |
|
354
Shopify
SHOP
$159B
| $116M | 0.05% |
1,088,543
+108,012
| +11% | +$10.5M |
|
355
Williams Companies
WMB
$86.7B
| $116M | 0.05% |
2,138,410
-325,744
| -13% | -$17.6M |
|
356
State Street DoubleLine Total Return Tactical ETF
TOTL
$4.1B
| $114M | 0.05% |
2,902,674
+353,616
| +14% | +$14.2M |
|
357
Vanguard Total World Stock ETF
VT
$76.9B
| $114M | 0.05% |
973,154
+58,453
| +6% | +$7.02M |
|
358
SPDR Gold MiniShares Trust
GLDM
$27.9B
| $114M | 0.05% |
2,196,980
+422,213
| +24% | +$22.3M |
|
359
iShares S&P Small-Cap 600 Growth ETF
IJT
$8.27B
| $114M | 0.05% |
842,916
-20,836
| -2% | -$2.95M |
|
360
Innovator Equity Managed Floor ETF
SFLR
$2.1B
| $114M | 0.05% |
3,476,276
+1,312,003
| +61% | +$42.9M |
|
361
Progressive
PGR
$124B
| $113M | 0.05% |
473,677
+82,404
| +21% | +$20.7M |
|
362
Citigroup
C
$222B
| $113M | 0.05% |
1,604,558
+185,835
| +13% | +$12.5M |
|
363
iShares Currency Hedged MSCI EAFE ETF
HEFA
$7.56B
| $113M | 0.05% |
3,241,738
+519,367
| +19% | +$18.3M |
|
364
Realty Income
O
$60.1B
| $112M | 0.05% |
2,090,335
+59,516
| +3% | +$3.47M |
|
365
Paychex
PAYX
$41.4B
| $112M | 0.05% |
795,866
+66,633
| +9% | +$9.46M |
|
366
Gilead Sciences
GILD
$163B
| $111M | 0.05% |
1,206,472
+69,091
| +6% | +$6.22M |
|
367
iShares MSCI KLD 400 Social ETF
DSI
$5.23B
| $111M | 0.05% |
1,005,714
+187,597
| +23% | +$21M |
|
368
iShares Short Maturity Bond ETF
NEAR
$4.83B
| $111M | 0.05% |
2,193,609
+142,965
| +7% | +$7.25M |
|
369
ConocoPhillips
COP
$145B
| $110M | 0.04% |
1,111,391
+90,067
| +9% | +$9.56M |
|
370
Franklin International Core Dividend Tilt Index ETF
DIVI
$2.72B
| $110M | 0.04% |
3,672,260
-260,905
| -7% | -$8.18M |
|
371
Invesco S&P 500 High Dividend Low Volatility ETF
SPHD
$3.35B
| $110M | 0.04% |
2,278,767
+353,642
| +18% | +$17.7M |
|
372
Invesco BulletShares 2026 Corporate Bond ETF
BSCQ
$3.66B
| $109M | 0.04% |
5,616,538
+555,425
| +11% | +$10.8M |
|
373
Janus Henderson Short Duration Income ETF
VNLA
$3.34B
| $109M | 0.04% |
2,230,660
+446,400
| +25% | +$21.9M |
|
|
VPU
374
Vanguard Utilities ETF
VPU
$8.52B
| $109M | 0.04% |
667,124
+52,348
| +9% | +$8.96M |
|
375
Emerson Electric
EMR
$83.3B
| $108M | 0.04% |
869,880
+36,709
| +4% | +$4.45M |
|
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.