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 | |
|---|---|---|---|---|---|---|
651
Motorola Solutions
MSI
$72.1B
| $39.6M | 0.02% |
102,605
+15,831
| +18% | +$5.71M |
|
652
iShares Convertible Bond ETF
ICVT
$6.97B
| $39.6M | 0.02% |
503,155
+38,791
| +8% | +$3.03M |
|
653
iShares Russell Top 200 ETF
IWL
$2.13B
| $39.4M | 0.02% |
294,363
-40,512
| -12% | -$5.18M |
|
654
iShares California Muni Bond ETF
CMF
$4.55B
| $39.3M | 0.02% |
690,258
-25,945
| -4% | -$1.48M |
|
655
iShares Core MSCI International Developed Markets ETF
IDEV
$31.1B
| $39.2M | 0.02% |
597,293
+76,303
| +15% | +$5.08M |
|
656
Nuveen ESG Large-Cap Value ETF
NULV
$2.17B
| $39.2M | 0.02% |
1,036,849
-34,709
| -3% | -$1.31M |
|
657
Quanta Services
PWR
$84.2B
| $39.2M | 0.02% |
154,176
+20,205
| +15% | +$5.35M |
|
658
Fair Isaac
FICO
$31.8B
| $39.2M | 0.02% |
26,307
+1,050
| +4% | +$1.36M |
|
659
GE Vernova
GEV
$240B
| $39.1M | 0.02% |
+228,164
| New | +$36.2M |
|
660
Invesco RAFI Strategic US ETF
IUS
$912M
| $39.1M | 0.02% |
824,299
+217,384
| +36% | +$10.2M |
|
661
First Trust Municipal High Income ETF
FMHI
$991M
| $39M | 0.02% |
807,272
+62,570
| +8% | +$3M |
|
662
JPMorgan Active Bond ETF
JBND
$8.44B
| $38.9M | 0.02% |
+743,903
| New | +$38.5M |
|
663
Conagra Brands
CAG
$7.42B
| $38.8M | 0.02% |
1,365,652
+228,202
| +20% | +$6.86M |
|
664
iShares Core Moderate Allocation ETF
AOM
$1.74B
| $38.8M | 0.02% |
901,215
-28,241
| -3% | -$1.2M |
|
665
BCE
BCE
$20.8B
| $38.6M | 0.02% |
1,191,208
+41,655
| +4% | +$1.39M |
|
666
Constellation Energy
CEG
$92.1B
| $38.5M | 0.02% |
192,460
+64,930
| +51% | +$13.2M |
|
667
iShares 0-5 Year Investment Grade Corporate Bond ETF
SLQD
$2.37B
| $38.5M | 0.02% |
781,531
-12,753
| -2% | -$625K |
|
668
JPMorgan BetaBuilders International Equity ETF
BBIN
$6.46B
| $38.4M | 0.02% |
649,853
+24,944
| +4% | +$1.49M |
|
669
First Trust Mid Cap Growth AlphaDEX Fund
FNY
$565M
| $38.4M | 0.02% |
521,590
+40,280
| +8% | +$2.94M |
|
670
Sempra
SRE
$58.1B
| $38.4M | 0.02% |
504,363
+34,457
| +7% | +$2.55M |
|
671
PUT
State Street SPDR S&P 500 ETF Trust
SPY
$771B
| $38.2M | 0.02% |
70,200
+69,139
| +6,516% | +$36.2M |
|
672
Invesco High Yield Equity Dividend Achievers ETF
PEY
$1.16B
| $37.9M | 0.02% |
1,927,190
+46,323
| +2% | +$926K |
|
673
Dimensional US Small Cap ETF
DFAS
$15.3B
| $37.8M | 0.02% |
629,243
+56,371
| +10% | +$3.39M |
|
|
IBTF
674
DELISTED
iShares iBonds Dec 2025 Term Treasury ETF
IBTF
| $37.8M | 0.02% |
1,626,983
+177,647
| +12% | +$4.11M |
|
675
State Street SPDR NYSE Technology ETF
XNTK
$1.94B
| $37.7M | 0.02% |
193,270
-26,282
| -12% | -$4.82M |
|
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.