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 | |
|---|---|---|---|---|---|---|
626
WisdomTree US Total Dividend Fund
DTD
$1.64B
| $53.3M | 0.02% |
703,215
+45,555
| +7% | +$3.55M |
|
627
PIMCO Dynamic Income Fund
PDI
$7.44B
| $53.2M | 0.02% |
2,900,847
+289,535
| +11% | +$5.62M |
|
628
Global X 1-3 Month T-Bill ETF
CLIP
$2.59B
| $53.1M | 0.02% |
530,850
+199,433
| +60% | +$20M |
|
629
iShares Fallen Angels USD Bond ETF
FALN
$1.63B
| $53M | 0.02% |
1,984,243
+63,287
| +3% | +$1.71M |
|
630
Global X Russell 2000 Covered Call ETF
RYLD
$1.37B
| $52.8M | 0.02% |
3,230,420
+303,441
| +10% | +$4.99M |
|
631
Hewlett Packard
HPE
$62.4B
| $52.7M | 0.02% |
2,466,235
+643,015
| +35% | +$13.6M |
|
632
Corning
GLW
$116B
| $52.6M | 0.02% |
1,107,368
+19,768
| +2% | +$936K |
|
633
iShares ESG Advanced MSCI USA ETF
USXF
$1.41B
| $52.1M | 0.02% |
1,048,166
+462,065
| +79% | +$23.5M |
|
634
Schwab Fundamental International Large Company Index ETF
FNDF
$25.1B
| $52M | 0.02% |
1,564,345
+328,540
| +27% | +$11.6M |
|
635
Dimensional Core Fixed Income ETF
DFCF
$10.8B
| $51.9M | 0.02% |
1,257,504
+19,657
| +2% | +$828K |
|
636
Arthur J. Gallagher & Co
AJG
$65.9B
| $51.8M | 0.02% |
182,470
+53,697
| +42% | +$15.6M |
|
637
Tractor Supply
TSCO
$15.8B
| $51.7M | 0.02% |
973,523
+138,428
| +17% | +$7.82M |
|
638
Invesco FTSE RAFI US 1500 Small-Mid ETF
PRFZ
$2.77B
| $51.6M | 0.02% |
1,239,605
+16,910
| +1% | +$724K |
|
639
General Mills
GIS
$19.4B
| $51.6M | 0.02% |
808,678
+20,734
| +3% | +$1.39M |
|
640
Hartford Schroders Tax-Aware Bond ETF
HTAB
$288M
| $51.4M | 0.02% |
2,655,983
+403,827
| +18% | +$7.92M |
|
641
Invesco RAFI Strategic US ETF
IUS
$912M
| $51.3M | 0.02% |
1,033,281
+57,606
| +6% | +$2.93M |
|
642
Janus Henderson B-BBB CLO ETF
JBBB
$1.41B
| $51.2M | 0.02% |
1,040,976
+247,386
| +31% | +$12.2M |
|
643
iShares 10+ Year Investment Grade Corporate Bond ETF
IGLB
$2.63B
| $51.1M | 0.02% |
1,034,793
+157,894
| +18% | +$8.1M |
|
644
Invesco Variable Rate Preferred ETF
VRP
$2.98B
| $50.8M | 0.02% |
2,098,397
+677,991
| +48% | +$16.6M |
|
645
iShares 0-5 Year Investment Grade Corporate Bond ETF
SLQD
$2.37B
| $50.6M | 0.02% |
1,016,824
+238,812
| +31% | +$11.9M |
|
646
Goldman Sachs ActiveBeta Emerging Markets Equity ETF
GEM
$1.66B
| $50.3M | 0.02% |
1,576,418
+36,610
| +2% | +$1.24M |
|
647
WisdomTree US MidCap Fund
EZM
$941M
| $50.3M | 0.02% |
804,153
+677,825
| +537% | +$43.4M |
|
648
Cigna
CI
$76.1B
| $50.1M | 0.02% |
181,438
+24,578
| +16% | +$7.83M |
|
649
iShares MSCI Japan ETF
EWJ
$22.1B
| $49.9M | 0.02% |
744,355
-503,558
| -40% | -$34.7M |
|
650
Vanguard S&P Small-Cap 600 ETF
VIOO
$4.15B
| $49.7M | 0.02% |
468,646
+38,020
| +9% | +$4.21M |
|
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.