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 | |
|---|---|---|---|---|---|---|
426
iShares US Healthcare ETF
IYH
$3.44B
| $92.5M | 0.04% |
1,586,777
-17,650
| -1% | -$1.09M |
|
427
JPMorgan Small & Mid Cap Enhanced Equity ETF
JMEE
$2.82B
| $92.4M | 0.04% |
1,528,202
+427,626
| +39% | +$26.8M |
|
428
Danaher
DHR
$138B
| $92.3M | 0.04% |
402,244
+22,903
| +6% | +$5.63M |
|
429
Trade Desk
TTD
$8.97B
| $92.3M | 0.04% |
785,125
+73,642
| +10% | +$9.11M |
|
430
JPMorgan BetaBuilders US Aggregate Bond ETF
BBAG
$1.02B
| $91.8M | 0.04% |
2,032,437
+252,526
| +14% | +$11.6M |
|
431
Fidelity High Dividend ETF
FDVV
$10.1B
| $91.8M | 0.04% |
1,838,464
+902,912
| +97% | +$46.3M |
|
432
Invesco S&P SmallCap Value with Momentum ETF
XSVM
$679M
| $91.6M | 0.04% |
1,682,054
+41,074
| +3% | +$2.32M |
|
433
Vanguard Morningstar Mega Cap ETF
MGC
$9.71B
| $91.3M | 0.04% |
429,445
+51,072
| +13% | +$10.9M |
|
434
Medtronic
MDT
$112B
| $91.1M | 0.04% |
1,140,884
+48,749
| +4% | +$4.22M |
|
|
SCHV
435
Schwab US Large-Cap Value ETF
SCHV
$15.6B
| $91.1M | 0.04% |
3,495,163
+191,080
| +6% | +$5.16M |
|
436
American Electric Power
AEP
$70.4B
| $91.1M | 0.04% |
987,885
+112,807
| +13% | +$10.9M |
|
437
Mondelez International
MDLZ
$82.9B
| $90.9M | 0.04% |
1,521,753
+91,361
| +6% | +$6.04M |
|
438
Invesco Senior Loan ETF
BKLN
$6.96B
| $89.9M | 0.04% |
4,266,626
+1,333,141
| +45% | +$28.1M |
|
439
iShares Morningstar Mid-Cap Growth ETF
IMCG
$3.88B
| $89.8M | 0.04% |
1,189,592
+203,055
| +21% | +$15.5M |
|
440
Vanguard Financials ETF
VFH
$13.4B
| $89.5M | 0.04% |
758,255
+99,117
| +15% | +$11.7M |
|
441
State Street SPDR S&P 400 Mid Cap Value ETF
MDYV
$2.76B
| $89M | 0.04% |
1,110,334
-56,612
| -5% | -$4.65M |
|
442
First Trust Senior Loan Fund ETF
FTSL
$2.32B
| $88.8M | 0.04% |
1,919,381
+369,005
| +24% | +$17.1M |
|
443
State Street SPDR S&P Regional Banking ETF
KRE
$4.51B
| $88.7M | 0.04% |
1,469,149
+143,468
| +11% | +$8.9M |
|
444
Invesco Large Cap Growth ETF
PWB
$2.17B
| $87.7M | 0.04% |
861,653
+58,412
| +7% | +$6.01M |
|
445
Invesco BulletShares 2027 Corporate Bond ETF
BSCR
$4.58B
| $87.6M | 0.04% |
4,498,732
+530,796
| +13% | +$10.4M |
|
446
Invesco BulletShares 2028 Corporate Bond ETF
BSCS
$3.56B
| $87.2M | 0.04% |
4,331,731
-263,518
| -6% | -$5.35M |
|
447
PayPal
PYPL
$49.9B
| $86.9M | 0.04% |
1,013,517
+94,903
| +10% | +$7.98M |
|
448
iShares Global 100 ETF
IOO
$8.62B
| $86.7M | 0.04% |
860,363
+137,780
| +19% | +$13.8M |
|
449
iShares Ultra Short Duration Bond Active ETF
ICSH
$8.06B
| $86.5M | 0.04% |
1,714,833
+55,160
| +3% | +$2.79M |
|
450
WisdomTree Emerging Markets High Dividend Fund
DEM
$3.8B
| $85.6M | 0.03% |
2,113,743
-59,720
| -3% | -$2.52M |
|
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.