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 | |
|---|---|---|---|---|---|---|
401
JPMorgan Global Select Equity ETF
JGLO
$6.8B
| $82.5M | 0.04% |
1,366,291
+507,256
| +59% | +$29.5M |
|
402
PIMCO Active Bond Exchange-Traded Fund
BOND
$8.42B
| $82.5M | 0.04% |
905,323
+57,608
| +7% | +$5.21M |
|
|
SCHW
403
Charles Schwab
SCHW
$184B
| $82.4M | 0.04% |
1,118,318
+91,267
| +9% | +$6.74M |
|
404
First Trust Cloud Computing ETF
SKYY
$2.82B
| $82.2M | 0.04% |
860,615
-1,732
| -0.2% | -$161K |
|
405
iShares Expanded Tech Sector ETF
IGM
$9.78B
| $81.9M | 0.04% |
868,769
+130,619
| +18% | +$11.4M |
|
406
iShares US Infrastructure ETF
IFRA
$4.56B
| $81.7M | 0.04% |
1,938,821
+52,669
| +3% | +$2.26M |
|
407
Franklin International Low Volatility High Dividend Index ETF
LVHI
$5.36B
| $81.2M | 0.04% |
2,740,686
+620,960
| +29% | +$18.6M |
|
408
Avantis US Large Cap Value ETF
AVLV
$18B
| $81.1M | 0.04% |
1,290,730
+514,759
| +66% | +$32.3M |
|
409
Schwab Short-Term US Treasury ETF
SCHO
$12.8B
| $80.8M | 0.04% |
3,356,646
+1,268,686
| +61% | +$30.4M |
|
410
Aflac
AFL
$65.9B
| $80.6M | 0.04% |
902,461
+32,934
| +4% | +$2.83M |
|
411
Medtronic
MDT
$111B
| $80.4M | 0.04% |
1,021,722
-36,265
| -3% | -$2.97M |
|
412
Vanguard International Dividend Appreciation ETF
VIGI
$9.04B
| $80.4M | 0.04% |
989,387
-15,760
| -2% | -$1.27M |
|
|
SCHV
413
Schwab US Large-Cap Value ETF
SCHV
$15.8B
| $80.4M | 0.04% |
3,254,214
+13,479
| +0.4% | +$333K |
|
414
Enterprise Products Partners
EPD
$83.6B
| $80M | 0.04% |
2,761,031
+83,435
| +3% | +$2.39M |
|
415
Vanguard International High Dividend Yield ETF
VYMI
$20.4B
| $79.8M | 0.04% |
1,163,820
+101,820
| +10% | +$7.05M |
|
416
State Street SPDR Bloomberg Short Term High Yield Bond ETF
SJNK
$4.88B
| $79.7M | 0.04% |
3,193,283
+286,353
| +10% | +$7.14M |
|
417
Vanguard Intermediate-Term Treasury ETF
VGIT
$41.8B
| $79.7M | 0.04% |
1,369,218
+148,319
| +12% | +$8.58M |
|
418
McKesson
MCK
$104B
| $79.3M | 0.04% |
135,732
+15,200
| +13% | +$8.46M |
|
419
Air Products & Chemicals
APD
$65.2B
| $78.6M | 0.04% |
304,428
-97,842
| -24% | -$24.8M |
|
420
Boston Scientific
BSX
$68.5B
| $78.2M | 0.04% |
1,015,687
+61,350
| +6% | +$4.49M |
|
421
Super Micro Computer
SMCI
$18.4B
| $78.2M | 0.04% |
953,980
+345,420
| +57% | +$29.5M |
|
422
American Electric Power
AEP
$72.4B
| $77.6M | 0.04% |
884,628
+41,879
| +5% | +$3.66M |
|
423
First Trust Large Cap Core AlphaDEX Fund
FEX
$1.58B
| $77M | 0.04% |
793,590
-19,508
| -2% | -$1.88M |
|
424
State Street SPDR Bloomberg Convertible Securities ETF
CWB
$5.52B
| $76.6M | 0.04% |
1,063,632
-52,192
| -5% | -$3.74M |
|
425
Freeport-McMoran
FCX
$88.6B
| $76.6M | 0.04% |
1,575,356
+195,108
| +14% | +$9.83M |
|
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.