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 MSCI EAFE Value ETF
EFV
|
+$337M |
| 2 |
iShares Core Universal USD Bond ETF
IUSB
|
+$308M |
| 3 |
SPYM
State Street SPDR Portfolio S&P 500 ETF
SPYM
|
+$228M |
| 4 |
Microsoft
MSFT
|
+$197M |
| 5 |
Apple
AAPL
|
+$196M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
State Street Energy Select Sector SPDR ETF
XLE
|
+$89.7M |
| 2 |
iShares Currency Hedged MSCI EAFE ETF
HEFA
|
+$79.9M |
| 3 |
Invesco Russell 1000 Dynamic Multifactor ETF
OMFL
|
+$77.7M |
| 4 |
iShares Core MSCI Emerging Markets ETF
IEMG
|
+$48.7M |
| 5 |
iShares Russell Mid-Cap ETF
IWR
|
+$43.6M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 7.9% |
| 2 | Financials | 3.36% |
| 3 | Healthcare | 2.79% |
| 4 | Consumer Discretionary | 2.72% |
| 5 | Industrials | 2.38% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
426
Kimberly-Clark
KMB
$36.6B
| $86.2M | 0.04% |
606,039
-116,574
| -16% | -$16.5M |
|
427
iShares Expanded Tech Sector ETF
IGM
$10B
| $86M | 0.04% |
896,091
+27,322
| +3% | +$2.52M |
|
428
State Street Fixed Income Sector Rotation ETF
FISR
$489M
| $85.2M | 0.04% |
3,204,567
+787,437
| +33% | +$20.6M |
|
429
JPMorgan BetaBuilders US Aggregate Bond ETF
BBAG
$1.02B
| $84.2M | 0.04% |
1,779,911
+154,855
| +10% | +$7.22M |
|
430
iShares Ultra Short Duration Bond Active ETF
ICSH
$8.07B
| $84.2M | 0.04% |
1,659,673
-168,962
| -9% | -$8.55M |
|
431
Schwab Short-Term US Treasury ETF
SCHO
$12.8B
| $84.2M | 0.04% |
3,437,388
+80,742
| +2% | +$1.96M |
|
432
Cadence Design Systems
CDNS
$91.7B
| $84.1M | 0.04% |
310,308
+36,274
| +13% | +$10M |
|
433
Invesco S&P SmallCap Momentum ETF
XSMO
$3.01B
| $84.1M | 0.04% |
1,270,225
+124,332
| +11% | +$7.91M |
|
434
Xcel Energy
XEL
$48.8B
| $83.9M | 0.04% |
1,285,379
+13,885
| +1% | +$824K |
|
435
First Trust Cloud Computing ETF
SKYY
$2.86B
| $83.8M | 0.04% |
819,743
-40,872
| -5% | -$3.92M |
|
436
iShares S&P Small-Cap 600 Value ETF
IJS
$8.12B
| $83.1M | 0.04% |
772,116
+151,532
| +24% | +$15.7M |
|
437
Boston Scientific
BSX
$68.4B
| $83M | 0.04% |
989,998
-25,689
| -3% | -$2.03M |
|
438
Lam Research
LRCX
$372B
| $82.9M | 0.04% |
1,016,000
+101,510
| +11% | +$8.83M |
|
439
American Tower
AMT
$81.3B
| $82.8M | 0.04% |
356,228
+15,772
| +5% | +$3.5M |
|
440
Kinder Morgan
KMI
$70.5B
| $82.7M | 0.04% |
3,742,662
+178,502
| +5% | +$3.76M |
|
441
First Trust Large Cap Core AlphaDEX Fund
FEX
$1.57B
| $82.4M | 0.04% |
790,741
-2,849
| -0.4% | -$284K |
|
442
State Street SPDR S&P MIDCAP 400 ETF Trust
MDY
$26.6B
| $81.8M | 0.04% |
143,669
+4,061
| +3% | +$2.24M |
|
443
PUT
Invesco QQQ Trust
QQQ
$450B
| $81.2M | 0.04% |
166,300
-17,900
| -10% | -$8.47M |
|
444
JPMorgan Active Bond ETF
JBND
$8.44B
| $80.7M | 0.04% |
1,477,176
+733,273
| +99% | +$39.4M |
|
445
Freeport-McMoran
FCX
$91.2B
| $80.6M | 0.04% |
1,613,999
+38,643
| +2% | +$1.74M |
|
446
FedEx
FDX
$73B
| $80.2M | 0.04% |
293,153
+6,858
| +2% | +$1.99M |
|
447
First Trust Water ETF
FIW
$1.85B
| $79.9M | 0.04% |
730,689
+36,071
| +5% | +$3.77M |
|
448
CVS Health
CVS
$134B
| $79.8M | 0.04% |
1,269,375
-159,725
| -11% | -$9.32M |
|
449
Invesco Large Cap Growth ETF
PWB
$2.27B
| $79.3M | 0.04% |
803,241
-7,090
| -0.9% | -$668K |
|
450
iShares Short-Term National Muni Bond ETF
SUB
$11.4B
| $79M | 0.04% |
743,935
+22,506
| +3% | +$2.37M |
|
Similar funds
LPL Financial's Q3 2024 Portfolio in Review
As of Q3 2024, LPL Financial held 5,335 positions worth $224B, up 12% from $201B the previous quarter. Its ten largest holdings account for 16% of the portfolio.
LPL Financial deployed $12.1B of net new capital in Q3 2024, opening 324 new positions and adding to 3,037 existing holdings. Its largest new stake was AB International Low Volatility Equity ETF: 419,588 shares worth $15.4M.
By sector, the portfolio is most concentrated in Technology at 7.9% of assets, down from 8.1% a quarter earlier, followed by Financials and Healthcare.
On the sell side, the largest reduction was State Street Energy Select Sector SPDR ETF, an estimated $89.7M trimmed.
- LPL Financial's largest Q3 2024 buy was AB International Low Volatility Equity ETF: 419,588 shares worth $15.4M.
- LPL Financial added most to iShares MSCI EAFE Value ETF in Q3 2024, an estimated $337M increase.
- LPL Financial's biggest Q3 2024 reduction was State Street Energy Select Sector SPDR ETF, cutting an estimated $89.7M.
- LPL Financial fully exited Encore Wire Corp in Q3 2024, selling an estimated $15.2M.
- LPL Financial's ten largest holdings make up 16% of its $224B portfolio in Q3 2024.
- LPL Financial opened 324 new positions and closed 179 in Q3 2024.
- LPL Financial's portfolio value rose 12% quarter-over-quarter to $224B.
Based on LPL Financial's 13F filing for Q3 2024, filed 8 Nov 2024.