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 Core S&P 500 ETF
IVV
|
+$697M |
| 2 |
Vanguard S&P 500 ETF
VOO
|
+$532M |
| 3 |
iShares MSCI USA Quality Factor ETF
QUAL
|
+$389M |
| 4 |
iShares MSCI EAFE Growth ETF
EFG
|
+$292M |
| 5 |
iShares MSCI USA Momentum Factor ETF
MTUM
|
+$280M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
BSCO
Invesco BulletShares 2024 Corporate Bond ETF
BSCO
|
+$87.2M |
| 2 |
Invesco Russell 1000 Dynamic Multifactor ETF
OMFL
|
+$63.4M |
| 3 |
VanEck Morningstar Wide Moat ETF
MOAT
|
+$57M |
| 4 |
iShares MSCI India ETF
INDA
|
+$57M |
| 5 |
IBTE
iShares iBonds Dec 2024 Term Treasury ETF
IBTE
|
+$45.4M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 8.26% |
| 2 | Financials | 3.6% |
| 3 | Consumer Discretionary | 2.98% |
| 4 | Healthcare | 2.45% |
| 5 | Industrials | 2.32% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
401
Energy Transfer Partners
ET
$69.5B
| $100M | 0.04% |
5,118,880
+392,492
| +8% | +$6.95M |
|
402
Air Products & Chemicals
APD
$65.5B
| $100M | 0.04% |
344,680
+36,351
| +12% | +$11.4M |
|
403
Boston Scientific
BSX
$68.4B
| $100M | 0.04% |
1,119,017
+129,019
| +13% | +$11.4M |
|
404
Invesco FTSE RAFI US 1000 ETF
PRF
$9.72B
| $99.9M | 0.04% |
2,477,334
+3,306
| +0.1% | +$137K |
|
405
First Trust Large Cap Core AlphaDEX Fund
FEX
$1.56B
| $99.8M | 0.04% |
957,043
+166,302
| +21% | +$17.8M |
|
406
Target
TGT
$66.3B
| $99.8M | 0.04% |
738,506
+34,338
| +5% | +$4.92M |
|
407
Pacer Trendpilot 100 ETF
PTNQ
$1.16B
| $99.5M | 0.04% |
1,343,781
+83,719
| +7% | +$6.26M |
|
408
First Trust Cloud Computing ETF
SKYY
$2.83B
| $99.1M | 0.04% |
832,024
+12,281
| +1% | +$1.41M |
|
409
First Trust Large Cap Growth AlphaDEX Fund
FTC
$1.26B
| $98.7M | 0.04% |
713,996
-1,046
| -0.1% | -$146K |
|
410
iShares 1-5 Year Investment Grade Corporate Bond ETF
IGSB
$23B
| $98.4M | 0.04% |
1,903,746
+55,061
| +3% | +$2.86M |
|
411
Cadence Design Systems
CDNS
$91.6B
| $98M | 0.04% |
326,194
+15,886
| +5% | +$4.62M |
|
412
Aflac
AFL
$65.5B
| $97.7M | 0.04% |
944,601
-18,622
| -2% | -$2.03M |
|
413
iShares Short-Term National Muni Bond ETF
SUB
$11.3B
| $97.2M | 0.04% |
921,682
+177,747
| +24% | +$18.8M |
|
414
Schwab International Equity ETF
SCHF
$64.9B
| $96.7M | 0.04% |
5,228,806
+270,840
| +5% | +$5.29M |
|
415
United Rentals
URI
$65.7B
| $95.9M | 0.04% |
136,087
+11,141
| +9% | +$9.06M |
|
416
Capital Group International Focus Equity ETF
CGXU
$6.07B
| $95.4M | 0.04% |
3,866,749
+1,508,414
| +64% | +$39.2M |
|
417
State Street SPDR Bloomberg Convertible Securities ETF
CWB
$5.41B
| $94.9M | 0.04% |
1,218,103
+202,435
| +20% | +$16M |
|
418
T-Mobile US
TMUS
$195B
| $94.6M | 0.04% |
428,424
+91,387
| +27% | +$20.8M |
|
419
Avantis International Equity ETF
AVDE
$17.7B
| $94.2M | 0.04% |
1,535,215
+178,224
| +13% | +$11.4M |
|
420
State Street SPDR S&P MIDCAP 400 ETF Trust
MDY
$26.4B
| $94M | 0.04% |
165,022
+21,353
| +15% | +$12.5M |
|
421
Xcel Energy
XEL
$49.2B
| $93.5M | 0.04% |
1,384,768
+99,389
| +8% | +$6.67M |
|
|
SCHW
422
Charles Schwab
SCHW
$182B
| $93.1M | 0.04% |
1,258,510
+55,118
| +5% | +$4.12M |
|
423
FedEx
FDX
$73B
| $92.9M | 0.04% |
330,064
+36,911
| +13% | +$10.3M |
|
424
State Street SPDR Bloomberg Short Term High Yield Bond ETF
SJNK
$4.87B
| $92.6M | 0.04% |
3,669,070
+263,532
| +8% | +$6.72M |
|
425
Vanguard International High Dividend Yield ETF
VYMI
$20.3B
| $92.5M | 0.04% |
1,362,664
+144,438
| +12% | +$10.2M |
|
Similar funds
LPL Financial's Q4 2024 Portfolio in Review
As of Q4 2024, LPL Financial held 5,518 positions worth $246B, up 9.7% from $224B the previous quarter. Its ten largest holdings account for 17% of the portfolio.
LPL Financial deployed $22.2B of net new capital in Q4 2024, opening 337 new positions and adding to 3,329 existing holdings. Its largest new stake was CP High Yield Trend ETF: 2,792,973 shares worth $60.7M.
By sector, the portfolio is most concentrated in Technology at 8.3% of assets, up from 7.9% a quarter earlier, followed by Financials and Consumer Discretionary.
On the sell side, the largest reduction was Invesco Russell 1000 Dynamic Multifactor ETF, an estimated $63.4M trimmed.
- LPL Financial's largest Q4 2024 buy was CP High Yield Trend ETF: 2,792,973 shares worth $60.7M.
- LPL Financial added most to iShares Core S&P 500 ETF in Q4 2024, an estimated $697M increase.
- LPL Financial's biggest Q4 2024 reduction was Invesco Russell 1000 Dynamic Multifactor ETF, cutting an estimated $63.4M.
- LPL Financial fully exited Invesco BulletShares 2024 Corporate Bond ETF in Q4 2024, selling an estimated $87.2M.
- LPL Financial's ten largest holdings make up 17% of its $246B portfolio in Q4 2024.
- LPL Financial opened 337 new positions and closed 245 in Q4 2024.
- LPL Financial's portfolio value rose 9.7% quarter-over-quarter to $246B.
Based on LPL Financial's 13F filing for Q4 2024, filed 11 Feb 2025.