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 US Treasury Bond ETF
GOVT
|
+$2.1B |
| 2 |
BlackRock US Equity Factor Rotation ETF
DYNF
|
+$559M |
| 3 |
State Street SPDR Portfolio Intermediate Term Corporate Bond ETF
SPIB
|
+$548M |
| 4 |
iShares Core Universal USD Bond ETF
IUSB
|
+$408M |
| 5 |
iShares S&P 500 Value ETF
IVE
|
+$368M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Vanguard Total Bond Market
BND
|
+$1.4B |
| 2 |
Vanguard Morningstar Total Stock Market ETF
VTI
|
+$380M |
| 3 |
iShares Core S&P 500 ETF
IVV
|
+$360M |
| 4 |
iShares Treasury Floating Rate Bond ETF
TFLO
|
+$298M |
| 5 |
iShares ESG Aware MSCI USA ETF
ESGU
|
+$149M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 7.21% |
| 2 | Financials | 3.26% |
| 3 | Healthcare | 2.83% |
| 4 | Consumer Discretionary | 2.64% |
| 5 | Industrials | 2.38% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
376
Pacer Global Cash Cows Dividend ETF
GCOW
$3.43B
| $83.5M | 0.04% |
2,407,459
+312,681
| +15% | +$10.6M |
|
377
Nike
NKE
$62.7B
| $83.5M | 0.04% |
888,705
-8,135
| -0.9% | -$828K |
|
378
JPMorgan Equity Premium Income ETF
JEPI
$45.7B
| $83.1M | 0.04% |
1,436,859
+241,970
| +20% | +$13.6M |
|
379
iShares MSCI USA Value Factor ETF
VLUE
$9.28B
| $82.8M | 0.04% |
764,513
-16,592
| -2% | -$1.7M |
|
380
Marathon Petroleum
MPC
$91.7B
| $82.7M | 0.04% |
410,316
+33,165
| +9% | +$5.67M |
|
381
Elevance Health
ELV
$81.6B
| $82.5M | 0.04% |
159,031
+23,216
| +17% | +$11.5M |
|
382
First Trust Cloud Computing ETF
SKYY
$2.86B
| $82.4M | 0.04% |
862,347
-6,218
| -0.7% | -$573K |
|
383
iShares MSCI KLD 400 Social ETF
DSI
$5.23B
| $82.1M | 0.04% |
814,516
+45,035
| +6% | +$4.31M |
|
|
SCHV
384
Schwab US Large-Cap Value ETF
SCHV
$15.8B
| $82.1M | 0.04% |
3,240,735
+94,464
| +3% | +$2.26M |
|
385
Vanguard International Dividend Appreciation ETF
VIGI
$9.15B
| $81.9M | 0.04% |
1,005,147
+20,398
| +2% | +$1.63M |
|
386
iShares US Infrastructure ETF
IFRA
$4.5B
| $81.8M | 0.04% |
1,886,152
+75,709
| +4% | +$3.04M |
|
387
State Street SPDR Bloomberg Convertible Securities ETF
CWB
$5.58B
| $81.5M | 0.04% |
1,115,824
+16,885
| +2% | +$1.21M |
|
388
Danaher
DHR
$138B
| $81M | 0.04% |
324,174
+19,172
| +6% | +$4.68M |
|
389
First Trust Large Cap Core AlphaDEX Fund
FEX
$1.57B
| $80.7M | 0.04% |
813,098
+32,915
| +4% | +$3.07M |
|
390
iShares MSCI Emerging Markets ETF
EEM
$28.6B
| $80.5M | 0.04% |
1,959,828
-66,826
| -3% | -$2.66M |
|
391
JPMorgan Ultra-Short Municipal Income ETF
JMST
$7.12B
| $80.4M | 0.04% |
1,585,485
+24,000
| +2% | +$1.22M |
|
392
Shopify
SHOP
$159B
| $80.3M | 0.04% |
1,040,512
-38,662
| -4% | -$3.05M |
|
393
FedEx
FDX
$73B
| $80.3M | 0.04% |
277,061
+3,593
| +1% | +$899K |
|
394
Chubb
CB
$135B
| $80M | 0.04% |
308,767
+4,810
| +2% | +$1.18M |
|
395
TotalEnergies
TTE
$193B
| $79.9M | 0.04% |
1,160,266
-147,652
| -11% | -$9.68M |
|
396
State Street SPDR Portfolio High Yield Bond ETF
SPHY
$11.5B
| $79.1M | 0.04% |
3,371,254
+564,647
| +20% | +$13.2M |
|
397
Lam Research
LRCX
$372B
| $78.7M | 0.04% |
810,480
+76,040
| +10% | +$6.69M |
|
|
VPU
398
Vanguard Utilities ETF
VPU
$8.52B
| $78.6M | 0.04% |
551,149
-16,538
| -3% | -$2.24M |
|
399
Vanguard Morningstar Mega Cap Value ETF
MGV
$13.2B
| $78.5M | 0.04% |
657,033
-35,652
| -5% | -$4.04M |
|
400
First Trust Exchange-Traded Fund VI First Trust BuyWrite Income ETF
FTHI
$2.39B
| $78.4M | 0.04% |
3,490,262
+747,047
| +27% | +$16.4M |
|
Similar funds
LPL Financial's Q1 2024 Portfolio in Review
As of Q1 2024, LPL Financial held 5,089 positions worth $186B, up 13% from $165B the previous quarter. Its ten largest holdings account for 16% of the portfolio.
LPL Financial deployed $9.13B of net new capital in Q1 2024, opening 298 new positions and adding to 2,838 existing holdings. Its largest new stake was JPMorgan Global Select Equity ETF: 859,035 shares worth $49.3M.
By sector, the portfolio is most concentrated in Technology at 7.2% of assets, up from 6.9% a quarter earlier, followed by Financials and Healthcare.
On the sell side, the largest reduction was Vanguard Total Bond Market, an estimated $1.4B trimmed.
- LPL Financial's largest Q1 2024 buy was JPMorgan Global Select Equity ETF: 859,035 shares worth $49.3M.
- LPL Financial added most to iShares US Treasury Bond ETF in Q1 2024, an estimated $2.1B increase.
- LPL Financial's biggest Q1 2024 reduction was Vanguard Total Bond Market, cutting an estimated $1.4B.
- LPL Financial fully exited WisdomTree Emerging Currency Strategy Fund in Q1 2024, selling an estimated $13.1M.
- LPL Financial's ten largest holdings make up 16% of its $186B portfolio in Q1 2024.
- LPL Financial opened 298 new positions and closed 179 in Q1 2024.
- LPL Financial's portfolio value rose 13% quarter-over-quarter to $186B.
Based on LPL Financial's 13F filing for Q1 2024, filed 10 May 2024.