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 | |
|---|---|---|---|---|---|---|
376
Danaher
DHR
$140B
| $88.3M | 0.04% |
353,217
+29,043
| +9% | +$7.34M |
|
377
Vanguard S&P 500 Value ETF
VOOV
$6.67B
| $88.2M | 0.04% |
501,980
-1,807
| -0.4% | -$319K |
|
378
WisdomTree US MidCap Dividend Fund
DON
$4.08B
| $88M | 0.04% |
1,881,378
+74,113
| +4% | +$3.5M |
|
379
State Street SPDR Portfolio High Yield Bond ETF
SPHY
$11.5B
| $87.9M | 0.04% |
3,782,178
+410,924
| +12% | +$9.52M |
|
380
State Street SPDR S&P 400 Mid Cap Value ETF
MDYV
$2.79B
| $87.8M | 0.04% |
1,203,267
-145,592
| -11% | -$10.7M |
|
381
Invesco S&P SmallCap Value with Momentum ETF
XSVM
$684M
| $87.6M | 0.04% |
1,671,712
+166,252
| +11% | +$9.02M |
|
382
Invesco Dividend Achievers ETF
PFM
$799M
| $87.2M | 0.04% |
2,044,114
-290,727
| -12% | -$12.2M |
|
383
First Trust Exchange-Traded Fund VI First Trust BuyWrite Income ETF
FTHI
$2.38B
| $87M | 0.04% |
3,872,632
+382,370
| +11% | +$8.53M |
|
|
VPU
384
Vanguard Utilities ETF
VPU
$8.68B
| $86.7M | 0.04% |
586,456
+35,307
| +6% | +$5.26M |
|
385
iShares MSCI KLD 400 Social ETF
DSI
$5.17B
| $86.6M | 0.04% |
833,826
+19,310
| +2% | +$1.93M |
|
386
Citigroup
C
$222B
| $86.2M | 0.04% |
1,357,602
+177,953
| +15% | +$11M |
|
387
Arista Networks
ANET
$214B
| $86M | 0.04% |
981,856
+168,008
| +21% | +$12.5M |
|
388
FedEx
FDX
$74B
| $85.8M | 0.04% |
286,295
+9,234
| +3% | +$2.42M |
|
389
State Street SPDR Bloomberg 1-10 Year TIPS ETF
TIPX
$2.01B
| $85.3M | 0.04% |
4,615,283
-319,033
| -6% | -$5.87M |
|
390
iShares MSCI Emerging Markets ETF
EEM
$28B
| $85M | 0.04% |
1,995,125
+35,297
| +2% | +$1.48M |
|
391
State Street SPDR Portfolio Corporate Bond ETF
SPBO
$2.1B
| $84.9M | 0.04% |
2,958,671
+85,685
| +3% | +$2.45M |
|
392
CVS Health
CVS
$140B
| $84.4M | 0.04% |
1,429,100
-233,759
| -14% | -$14.6M |
|
393
Chubb
CB
$141B
| $84.4M | 0.04% |
330,745
+21,978
| +7% | +$5.64M |
|
394
Cadence Design Systems
CDNS
$95.1B
| $84.3M | 0.04% |
274,034
+44,179
| +19% | +$13.1M |
|
395
Stryker
SYK
$133B
| $84.2M | 0.04% |
247,444
+11,320
| +5% | +$3.83M |
|
396
iShares Biotechnology ETF
IBB
$9.55B
| $84.2M | 0.04% |
613,287
-6,277
| -1% | -$838K |
|
397
JPMorgan Equity Premium Income ETF
JEPI
$45.9B
| $84.1M | 0.04% |
1,484,230
+47,371
| +3% | +$2.68M |
|
398
Invesco S&P 500 High Dividend Low Volatility ETF
SPHD
$3.42B
| $83.7M | 0.04% |
1,884,549
-49,053
| -3% | -$2.17M |
|
399
US Bancorp
USB
$100B
| $82.9M | 0.04% |
2,088,615
+75,436
| +4% | +$3.08M |
|
400
Cummins
CMI
$88.5B
| $82.7M | 0.04% |
298,706
+9,241
| +3% | +$2.64M |
|
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.