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 MSCI EAFE Value ETF
EFV
|
+$337M |
| 2 |
iShares Core Universal USD Bond ETF
IUSB
|
+$308M |
| 3 |
SPYM
State Street SPDR Portfolio S&P 500 ETF
SPYM
|
+$228M |
| 4 |
Microsoft
MSFT
|
+$197M |
| 5 |
Apple
AAPL
|
+$196M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
State Street Energy Select Sector SPDR ETF
XLE
|
+$89.7M |
| 2 |
iShares Currency Hedged MSCI EAFE ETF
HEFA
|
+$79.9M |
| 3 |
Invesco Russell 1000 Dynamic Multifactor ETF
OMFL
|
+$77.7M |
| 4 |
iShares Core MSCI Emerging Markets ETF
IEMG
|
+$48.7M |
| 5 |
iShares Russell Mid-Cap ETF
IWR
|
+$43.6M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 7.9% |
| 2 | Financials | 3.36% |
| 3 | Healthcare | 2.79% |
| 4 | Consumer Discretionary | 2.72% |
| 5 | Industrials | 2.38% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
3801
FT Vest US Equity Moderate Buffer ETF October
GOCT
$265M
| $633K | ﹤0.01% |
18,257
| – | – |
|
|
PML
3802
PIMCO Municipal Income Fund II
PML
$484M
| $631K | ﹤0.01% |
67,238
+5,976
| +10% | +$52.3K |
|
3803
Calix
CALX
$2.35B
| $631K | ﹤0.01% |
16,274
+4,054
| +33% | +$149K |
|
|
ETX
3804
Eaton Vance Municipal Income 2028 Term Trust
ETX
$199M
| $631K | ﹤0.01% |
33,426
-2,986
| -8% | -$56K |
|
3805
Green Brick Partners
GRBK
$3.09B
| $631K | ﹤0.01% |
7,556
+451
| +6% | +$32.6K |
|
3806
CALL
Meta Platforms (Facebook)
META
$1.5T
| $630K | ﹤0.01% |
1,100
-3,300
| -75% | -$1.7M |
|
3807
Spectrum Brands
SPB
$2.04B
| $629K | ﹤0.01% |
6,615
+67
| +1% | +$5.92K |
|
3808
Cable One
CABO
$254M
| $629K | ﹤0.01% |
1,799
+37
| +2% | +$13.2K |
|
3809
AMES National
ATLO
$274M
| $628K | ﹤0.01% |
34,476
-5,088
| -13% | -$97.9K |
|
3810
Northwest Natural Holdings
NWN
$2.06B
| $628K | ﹤0.01% |
15,374
-1,160
| -7% | -$45.3K |
|
3811
Winmark
WINA
$1.25B
| $627K | ﹤0.01% |
1,636
+514
| +46% | +$191K |
|
3812
Smith & Wesson
SWBI
$660M
| $625K | ﹤0.01% |
48,179
+638
| +1% | +$9.21K |
|
3813
Rogers Communications
RCI
$18.4B
| $625K | ﹤0.01% |
15,540
+4,368
| +39% | +$171K |
|
3814
AllianzIM U.S. Equity Buffer20 Nov ETF
NVBW
$95.4M
| $624K | ﹤0.01% |
20,605
+3,420
| +20% | +$103K |
|
3815
CNO Financial Group
CNO
$5.16B
| $624K | ﹤0.01% |
17,772
+144
| +0.8% | +$4.63K |
|
3816
Hennessy Sustainable ETF
STNC
$93M
| $624K | ﹤0.01% |
19,909
-11,614
| -37% | -$346K |
|
|
ARR
3817
Armour Residential REIT
ARR
$2.31B
| $623K | ﹤0.01% |
30,529
-27,540
| -47% | -$561K |
|
3818
Nuveen Municipal Income
NMI
$130M
| $623K | ﹤0.01% |
62,003
+3,335
| +6% | +$33.6K |
|
3819
Strive US Semiconductor ETF
SHOC
$227M
| $621K | ﹤0.01% |
13,257
+2,232
| +20% | +$104K |
|
3820
The Greenbrier Companies
GBX
$1.54B
| $620K | ﹤0.01% |
12,178
+703
| +6% | +$33.5K |
|
3821
Invesco S&P SmallCap Energy ETF
PSCE
$97.7M
| $619K | ﹤0.01% |
12,621
-15,599
| -55% | -$803K |
|
|
SELF
3822
Global Self Storage
SELF
$58.9M
| $619K | ﹤0.01% |
118,777
+7,615
| +7% | +$38.6K |
|
3823
CALL
VanEck Gold Miners ETF
GDX
$23.2B
| $617K | ﹤0.01% |
15,500
-2,000
| -11% | -$75.7K |
|
3824
Benchmark Electronics
BHE
$2.91B
| $617K | ﹤0.01% |
13,911
+823
| +6% | +$34.4K |
|
3825
Braskem
BAK
$924M
| $615K | ﹤0.01% |
83,796
| – | – |
|
Similar funds
LPL Financial's Q3 2024 Portfolio in Review
As of Q3 2024, LPL Financial held 5,335 positions worth $224B, up 12% from $201B the previous quarter. Its ten largest holdings account for 16% of the portfolio.
LPL Financial deployed $12.1B of net new capital in Q3 2024, opening 324 new positions and adding to 3,037 existing holdings. Its largest new stake was AB International Low Volatility Equity ETF: 419,588 shares worth $15.4M.
By sector, the portfolio is most concentrated in Technology at 7.9% of assets, down from 8.1% a quarter earlier, followed by Financials and Healthcare.
On the sell side, the largest reduction was State Street Energy Select Sector SPDR ETF, an estimated $89.7M trimmed.
- LPL Financial's largest Q3 2024 buy was AB International Low Volatility Equity ETF: 419,588 shares worth $15.4M.
- LPL Financial added most to iShares MSCI EAFE Value ETF in Q3 2024, an estimated $337M increase.
- LPL Financial's biggest Q3 2024 reduction was State Street Energy Select Sector SPDR ETF, cutting an estimated $89.7M.
- LPL Financial fully exited Encore Wire Corp in Q3 2024, selling an estimated $15.2M.
- LPL Financial's ten largest holdings make up 16% of its $224B portfolio in Q3 2024.
- LPL Financial opened 324 new positions and closed 179 in Q3 2024.
- LPL Financial's portfolio value rose 12% quarter-over-quarter to $224B.
Based on LPL Financial's 13F filing for Q3 2024, filed 8 Nov 2024.