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 | |
|---|---|---|---|---|---|---|
4351
Gold Fields
GFI
$29B
| $367K | ﹤0.01% |
27,791
+225
| +0.8% | +$3.43K |
|
4352
iShares Asia 50 ETF
AIA
$4.67B
| $366K | ﹤0.01% |
5,392
-38,147
| -88% | -$2.73M |
|
|
CEV
4353
Eaton Vance California Municipal Income Trust
CEV
$70.7M
| $365K | ﹤0.01% |
36,367
-22,628
| -38% | -$238K |
|
|
JUNM
4354
FT Vest U.S. Equity Max Buffer ETF - June
JUNM
$66.8M
| $365K | ﹤0.01% |
+11,499
| New | +$364K |
|
4355
Innovator Equity Defined Protection ETF - 2 Yr to July 2027
TJUL
$129M
| $364K | ﹤0.01% |
+13,119
| New | +$362K |
|
4356
St. Joe Company
JOE
$3.54B
| $364K | ﹤0.01% |
8,091
-521
| -6% | -$27K |
|
4357
CALL
Tesla
TSLA
$1.23T
| $363K | ﹤0.01% |
900
+100
| +13% | +$32.2K |
|
4358
Omnicell
OMCL
$1.61B
| $363K | ﹤0.01% |
8,154
-1,639
| -17% | -$73.6K |
|
4359
Nordic American Tanker
NAT
$1.38B
| $363K | ﹤0.01% |
145,126
-41,989
| -22% | -$129K |
|
|
TRST
4360
Trustco Bank Corp NY
TRST
$970M
| $361K | ﹤0.01% |
10,851
+1,655
| +18% | +$57.5K |
|
4361
NB Bancorp
NBBK
$1.01B
| $361K | ﹤0.01% |
20,000
| – | – |
|
4362
Warrior Met Coal
HCC
$4.19B
| $361K | ﹤0.01% |
6,654
+1,221
| +22% | +$78K |
|
|
CSR
4363
Centerspace
CSR
$921M
| $361K | ﹤0.01% |
5,454
+1,654
| +44% | +$116K |
|
4364
Sprott Junior Gold Miners ETF
SGDJ
$267M
| $360K | ﹤0.01% |
10,835
-5,083
| -32% | -$191K |
|
4365
AllianzIM U.S. Equity Buffer20 Jun ETF
JUNW
$370M
| $360K | ﹤0.01% |
11,990
+3,935
| +49% | +$118K |
|
|
AVDL
4366
DELISTED
Avadel Pharmaceuticals
AVDL
| $359K | ﹤0.01% |
34,125
+10,072
| +42% | +$122K |
|
4367
Anfield Universal Fixed Income ETF
AFIF
$227M
| $358K | ﹤0.01% |
39,166
| – | – |
|
4368
CALL
New Fortress Energy
NFE
$92.1M
| $358K | ﹤0.01% |
+23,700
| New | +$246K |
|
|
MSB
4369
Mesabi Trust
MSB
$289M
| $358K | ﹤0.01% |
12,742
+12
| +0.1% | +$312 |
|
|
GRDN
4370
Guardian Pharmacy Services
GRDN
$2.5B
| $358K | ﹤0.01% |
17,679
+807
| +5% | +$16.7K |
|
4371
Tarsus Pharmaceuticals
TARS
$2.58B
| $358K | ﹤0.01% |
6,468
-5,125
| -44% | -$233K |
|
4372
Green Brick Partners
GRBK
$3.04B
| $358K | ﹤0.01% |
6,338
-1,218
| -16% | -$86.5K |
|
4373
Arvinas
ARVN
$518M
| $358K | ﹤0.01% |
18,669
+2,077
| +13% | +$50.5K |
|
4374
SLM Corp
SLM
$4.89B
| $357K | ﹤0.01% |
12,954
+2,019
| +18% | +$49.9K |
|
4375
Nuveen Arizona Quality Municipal Income Fund
NAZ
$155M
| $357K | ﹤0.01% |
31,390
+3,530
| +13% | +$41.9K |
|
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.