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 S&P 500 Growth ETF
IVW
|
+$346M |
| 2 |
Apple
AAPL
|
+$225M |
| 3 |
iShares MSCI EAFE Growth ETF
EFG
|
+$223M |
| 4 |
Microsoft
MSFT
|
+$217M |
| 5 |
BlackRock US Equity Factor Rotation ETF
DYNF
|
+$181M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
iShares MSCI EAFE Value ETF
EFV
|
+$124M |
| 2 |
Vanguard Total Bond Market
BND
|
+$66.2M |
| 3 |
iShares ESG Aware MSCI USA ETF
ESGU
|
+$64.2M |
| 4 |
iShares Global Energy ETF
IXC
|
+$62.3M |
| 5 |
State Street Health Care Select Sector SPDR ETF
XLV
|
+$60.6M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 8.15% |
| 2 | Financials | 3.16% |
| 3 | Healthcare | 2.8% |
| 4 | Consumer Discretionary | 2.64% |
| 5 | Industrials | 2.29% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
451
Invesco BulletShares 2027 Corporate Bond ETF
BSCR
$4.58B
| $70.8M | 0.04% |
3,683,508
+92,505
| +3% | +$1.78M |
|
452
SPDR Gold MiniShares Trust
GLDM
$27.4B
| $70.8M | 0.04% |
1,536,001
+20,288
| +1% | +$940K |
|
453
iShares Global Tech ETF
IXN
$8.1B
| $70.6M | 0.04% |
853,034
+57,529
| +7% | +$4.38M |
|
454
Pacer Global Cash Cows Dividend ETF
GCOW
$3.4B
| $70.6M | 0.04% |
2,094,220
-313,239
| -13% | -$10.8M |
|
455
iShares MSCI Japan ETF
EWJ
$21.3B
| $70M | 0.03% |
1,025,332
-1,210
| -0.1% | -$82.6K |
|
456
iShares Global 100 ETF
IOO
$8.72B
| $69.8M | 0.03% |
722,965
+93,341
| +15% | +$8.56M |
|
457
Avantis International Equity ETF
AVDE
$17.8B
| $69.5M | 0.03% |
1,116,528
+81,518
| +8% | +$5.17M |
|
458
First Trust Water ETF
FIW
$1.9B
| $69.4M | 0.03% |
694,618
+59,991
| +9% | +$6.1M |
|
459
Vanguard Energy ETF
VDE
$9.72B
| $69.1M | 0.03% |
541,783
+48,418
| +10% | +$6.3M |
|
460
Paychex
PAYX
$42.3B
| $69.1M | 0.03% |
582,812
-34,795
| -6% | -$4.25M |
|
461
iShares S&P Mid-Cap 400 Value ETF
IJJ
$8.93B
| $69.1M | 0.03% |
608,769
+20,348
| +3% | +$2.32M |
|
462
Invesco S&P SmallCap Momentum ETF
XSMO
$3.01B
| $68.8M | 0.03% |
1,145,893
+242,783
| +27% | +$14.5M |
|
463
Valero Energy
VLO
$88.7B
| $68.4M | 0.03% |
436,186
+27,635
| +7% | +$4.46M |
|
464
Energy Transfer Partners
ET
$69.5B
| $68.3M | 0.03% |
4,212,788
+271,435
| +7% | +$4.27M |
|
465
Strategy Inc
MSTR
$35.1B
| $68.3M | 0.03% |
495,590
+51,720
| +12% | +$7.45M |
|
466
Xcel Energy
XEL
$50.1B
| $67.9M | 0.03% |
1,271,494
+350,056
| +38% | +$19M |
|
467
Invesco Variable Rate Investment Grade ETF
VRIG
$1.8B
| $67.8M | 0.03% |
2,698,211
+495,070
| +22% | +$12.4M |
|
468
Progressive
PGR
$128B
| $67.4M | 0.03% |
324,645
+76,604
| +31% | +$16M |
|
469
JPMorgan BetaBuilders USD High Yield Corporate Bond ETF
BBHY
$615M
| $67.2M | 0.03% |
1,469,225
+543,660
| +59% | +$24.8M |
|
470
iShares 1-5 Year Investment Grade Corporate Bond ETF
IGSB
$23B
| $66.7M | 0.03% |
1,302,597
-52,432
| -4% | -$2.67M |
|
471
Avantis Emerging Markets Equity ETF
AVEM
$24.9B
| $66.4M | 0.03% |
1,086,181
+99,541
| +10% | +$5.97M |
|
472
TotalEnergies
TTE
$187B
| $66.2M | 0.03% |
992,898
-167,368
| -14% | -$11.9M |
|
473
iShares MSCI Global Min Vol Factor ETF
ACWV
$3.33B
| $66.2M | 0.03% |
632,563
-15,404
| -2% | -$1.6M |
|
474
American Tower
AMT
$79.9B
| $66.2M | 0.03% |
340,456
+4,941
| +1% | +$924K |
|
475
FS KKR Capital
FSK
$3.08B
| $66.1M | 0.03% |
3,352,328
+59,240
| +2% | +$1.16M |
|
Similar funds
LPL Financial's Q2 2024 Portfolio in Review
As of Q2 2024, LPL Financial held 5,204 positions worth $201B, up 7.8% from $186B the previous quarter. Its ten largest holdings account for 17% of the portfolio.
LPL Financial deployed $11.6B of net new capital in Q2 2024, opening 296 new positions and adding to 3,022 existing holdings. Its largest new stake was AB Short Duration High Yield ETF: 1,874,937 shares worth $65.8M.
By sector, the portfolio is most concentrated in Technology at 8.1% of assets, up from 7.2% a quarter earlier, followed by Financials and Healthcare.
On the sell side, the largest reduction was iShares MSCI EAFE Value ETF, an estimated $124M trimmed.
- LPL Financial's largest Q2 2024 buy was AB Short Duration High Yield ETF: 1,874,937 shares worth $65.8M.
- LPL Financial added most to iShares S&P 500 Growth ETF in Q2 2024, an estimated $346M increase.
- LPL Financial's biggest Q2 2024 reduction was iShares MSCI EAFE Value ETF, cutting an estimated $124M.
- LPL Financial fully exited Pioneer Natural Resource Co. in Q2 2024, selling an estimated $30.9M.
- LPL Financial's ten largest holdings make up 17% of its $201B portfolio in Q2 2024.
- LPL Financial opened 296 new positions and closed 196 in Q2 2024.
- LPL Financial's portfolio value rose 7.8% quarter-over-quarter to $201B.
Based on LPL Financial's 13F filing for Q2 2024, filed 7 Aug 2024.