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 | |
|---|---|---|---|---|---|---|
401
Enterprise Products Partners
EPD
$82.5B
| $78.1M | 0.04% |
2,677,596
+259,929
| +11% | +$7.14M |
|
402
PIMCO Active Bond Exchange-Traded Fund
BOND
$8.4B
| $77.9M | 0.04% |
847,715
+40,559
| +5% | +$3.71M |
|
403
State Street SPDR S&P MIDCAP 400 ETF Trust
MDY
$26.6B
| $77.5M | 0.04% |
139,244
-1,287
| -0.9% | -$667K |
|
404
Crown Castle
CCI
$33.4B
| $76.7M | 0.04% |
724,985
+7,673
| +1% | +$835K |
|
405
Vertex Pharmaceuticals
VRTX
$122B
| $76.7M | 0.04% |
183,371
+19,735
| +12% | +$8.34M |
|
406
JPMorgan BetaBuilders US Aggregate Bond ETF
BBAG
$1.02B
| $76.6M | 0.04% |
1,669,507
-255,536
| -13% | -$11.7M |
|
407
Vanguard Short-Term Inflation-Protected Securities Index Fund
VTIP
$19.1B
| $76.3M | 0.04% |
1,592,770
-252,330
| -14% | -$12M |
|
408
Gilead Sciences
GILD
$163B
| $76.1M | 0.04% |
1,038,356
+158,023
| +18% | +$12.2M |
|
409
CSX Corp
CSX
$93B
| $75.9M | 0.04% |
2,046,847
+106,702
| +5% | +$3.89M |
|
410
Paychex
PAYX
$41.4B
| $75.8M | 0.04% |
617,607
+26,075
| +4% | +$3.16M |
|
411
State Street SPDR S&P Oil & Gas Exploration & Production ETF
XOP
$3.59B
| $75.7M | 0.04% |
488,520
-85,288
| -15% | -$11.8M |
|
412
Strategy Inc
MSTR
$35.7B
| $75.7M | 0.04% |
443,870
+34,850
| +9% | +$3.18M |
|
413
First Trust Long/Short Equity ETF
FTLS
$2.47B
| $75.7M | 0.04% |
1,226,937
+335,450
| +38% | +$19.9M |
|
414
Aflac
AFL
$64.8B
| $74.7M | 0.04% |
869,527
+30,694
| +4% | +$2.52M |
|
415
Citigroup
C
$222B
| $74.6M | 0.04% |
1,179,649
+208,370
| +21% | +$11.6M |
|
|
SCHW
416
Charles Schwab
SCHW
$181B
| $74.3M | 0.04% |
1,027,051
+124,733
| +14% | +$8.21M |
|
417
Invesco Short Term Treasury ETF
TBLL
$2.61B
| $74.3M | 0.04% |
704,070
-187,844
| -21% | -$19.8M |
|
418
State Street SPDR Bloomberg Short Term High Yield Bond ETF
SJNK
$4.89B
| $73.3M | 0.04% |
2,906,930
+112,815
| +4% | +$2.84M |
|
419
iShares MSCI Japan ETF
EWJ
$22.1B
| $73.2M | 0.04% |
1,026,542
+395,668
| +63% | +$26.8M |
|
420
First Trust Global Tactical Commodity Strategy Fund
FTGC
$2.97B
| $73.2M | 0.04% |
3,086,662
-610,457
| -17% | -$14.1M |
|
421
Vanguard International High Dividend Yield ETF
VYMI
$20.7B
| $73.1M | 0.04% |
1,062,000
-189,953
| -15% | -$12.7M |
|
422
State Street Materials Select Sector SPDR ETF
XLB
$8.71B
| $72.9M | 0.04% |
1,568,554
-212,270
| -12% | -$9.13M |
|
423
Analog Devices
ADI
$179B
| $72.7M | 0.04% |
367,389
+16,350
| +5% | +$3.14M |
|
424
American Electric Power
AEP
$69.5B
| $72.6M | 0.04% |
842,749
-22,451
| -3% | -$1.83M |
|
425
Harbor Long-Term Growers ETF
WINN
$1.12B
| $71.6M | 0.04% |
3,048,808
+679,315
| +29% | +$15.2M |
|
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.