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 | |
|---|---|---|---|---|---|---|
4326
Tidewater
TDW
$3.73B
| $380K | ﹤0.01% |
6,944
+1,309
| +23% | +$74.5K |
|
4327
Albemarle Corp Depositary Shares
ALB.PRA
$2.29B
| – | – |
-8,572
| Closed | -$397K |
|
4328
ABM Industries
ABM
$2.81B
| $379K | ﹤0.01% |
7,409
-2,403
| -24% | -$131K |
|
4329
Iris Energy
IREN
$13.2B
| $379K | ﹤0.01% |
38,553
-20,474
| -35% | -$218K |
|
4330
Cadre Holdings
CDRE
$1.32B
| $378K | ﹤0.01% |
11,713
+1,520
| +15% | +$54K |
|
4331
ICL Group
ICL
$6.53B
| $378K | ﹤0.01% |
76,561
-8,638
| -10% | -$38.6K |
|
4332
Wolverine World Wide
WWW
$1.61B
| $378K | ﹤0.01% |
+17,031
| New | +$342K |
|
|
RFM
4333
RiverNorth Flexible Municipal Income Fund
RFM
$89.1M
| $377K | ﹤0.01% |
25,379
-21,341
| -46% | -$338K |
|
4334
CALL
Devon Energy
DVN
$52.1B
| $376K | ﹤0.01% |
+11,500
| New | +$433K |
|
|
GOGL
4335
DELISTED
Golden Ocean Group
GOGL
| $376K | ﹤0.01% |
41,962
-78,210
| -65% | -$842K |
|
4336
GrowGeneration
GRWG
$86.5M
| $373K | ﹤0.01% |
220,849
-445
| -0.2% | -$851 |
|
|
RMMZ
4337
RiverNorth Managed Duration Municipal Income Fund II
RMMZ
$125M
| $373K | ﹤0.01% |
24,969
+5,097
| +26% | +$80.7K |
|
4338
SP Funds Dow Jones Global Sukuk ETF
SPSK
$650M
| $373K | ﹤0.01% |
20,912
+10,200
| +95% | +$185K |
|
4339
CALL
Coinbase
COIN
$38.6B
| $372K | ﹤0.01% |
+1,500
| New | +$381K |
|
4340
Amer Sports
AS
$20.7B
| $372K | ﹤0.01% |
13,304
+29
| +0.2% | +$639 |
|
|
ONC
4341
BeOne Medicines Ltd
ONC
$32.8B
| $371K | ﹤0.01% |
2,009
+110
| +6% | +$22.5K |
|
|
RMI
4342
RiverNorth Opportunistic Municipal Income Fund
RMI
$99.8M
| $371K | ﹤0.01% |
+24,607
| New | +$391K |
|
4343
Colliers International
CIGI
$5.04B
| $370K | ﹤0.01% |
2,723
+947
| +53% | +$140K |
|
4344
Materion
MTRN
$4.39B
| $370K | ﹤0.01% |
3,740
+241
| +7% | +$26.2K |
|
|
MHI
4345
DELISTED
Pioneer Municipal High Income Fund
MHI
| $369K | ﹤0.01% |
39,902
-1,606
| -4% | -$15.2K |
|
4346
RLJ Lodging Trust
RLJ
$1.86B
| $369K | ﹤0.01% |
36,116
-1,032
| -3% | -$10K |
|
4347
Liquidity Services
LQDT
$1.22B
| $369K | ﹤0.01% |
+11,419
| New | +$289K |
|
|
PDX
4348
PIMCO Dynamic Income Strategy Fund
PDX
$955M
| $368K | ﹤0.01% |
14,087
-693
| -5% | -$17.3K |
|
4349
ProShares Equities for Rising Rates ETF
EQRR
$33M
| $367K | ﹤0.01% |
6,476
-4,762
| -42% | -$283K |
|
4350
Lennar Class B
LEN.B
$19.4B
| $367K | ﹤0.01% |
2,921
+484
| +20% | +$72.8K |
|
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.