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 | |
|---|---|---|---|---|---|---|
651
Columbia EM Core ex-China ETF
XCEM
$1.88B
| $46.3M | 0.02% |
1,418,184
+402,707
| +40% | +$13M |
|
652
State Street SPDR S&P Homebuilders ETF
XHB
$1.61B
| $46.3M | 0.02% |
371,893
+38,698
| +12% | +$4.37M |
|
653
Schwab Fundamental International Large Company Index ETF
FNDF
$25.1B
| $46.2M | 0.02% |
1,235,805
+58,766
| +5% | +$2.12M |
|
654
Travelers Companies
TRV
$78.4B
| $46M | 0.02% |
196,338
+18,810
| +11% | +$4.15M |
|
655
Fidelity MSCI Information Technology Index ETF
FTEC
$19.9B
| $45.9M | 0.02% |
263,268
-15,417
| -6% | -$2.61M |
|
656
Xylem
XYL
$27.3B
| $45.8M | 0.02% |
339,053
+14,549
| +4% | +$1.95M |
|
657
Vanguard Ultra-Short Bond ETF
VUSB
$8.94B
| $45.8M | 0.02% |
916,631
-56,225
| -6% | -$2.79M |
|
658
John Hancock Multifactor Developed International ETF
JHMD
$971M
| $45.7M | 0.02% |
1,291,128
+436,271
| +51% | +$14.9M |
|
659
AstraZeneca
AZN
$266B
| $45.6M | 0.02% |
292,387
+22,791
| +8% | +$3.68M |
|
660
Kenvue
KVUE
$37.1B
| $45.5M | 0.02% |
1,968,375
+45,441
| +2% | +$942K |
|
|
IBTE
661
DELISTED
iShares iBonds Dec 2024 Term Treasury ETF
IBTE
| $45.4M | 0.02% |
1,892,554
-234,920
| -11% | -$5.63M |
|
662
W.P. Carey
WPC
$16.9B
| $45.3M | 0.02% |
727,296
-40,675
| -5% | -$2.41M |
|
663
Motorola Solutions
MSI
$71.5B
| $45.1M | 0.02% |
100,241
-2,364
| -2% | -$986K |
|
664
VictoryShares US EQ Income Enhanced Volatility Wtd ETF
CDC
$741M
| $45M | 0.02% |
693,118
-32,468
| -4% | -$2.01M |
|
665
Sempra
SRE
$58.6B
| $44.9M | 0.02% |
536,960
+32,597
| +6% | +$2.61M |
|
666
Schwab US Mid-Cap ETF
SCHM
$14.5B
| $44.8M | 0.02% |
1,618,971
+71,034
| +5% | +$1.89M |
|
667
Hartford Schroders Tax-Aware Bond ETF
HTAB
$288M
| $44.6M | 0.02% |
2,252,156
+692,916
| +44% | +$13.6M |
|
668
iShares Convertible Bond ETF
ICVT
$7.21B
| $44.6M | 0.02% |
533,005
+29,850
| +6% | +$2.4M |
|
669
Vanguard Industrials ETF
VIS
$8.04B
| $44.6M | 0.02% |
171,447
-5,348
| -3% | -$1.31M |
|
670
Columbia Research Enhanced Value ETF
REVS
$334M
| $44.6M | 0.02% |
1,755,425
+297,591
| +20% | +$7.23M |
|
671
WisdomTree US Value Fund
WTV
$3.21B
| $44.5M | 0.02% |
556,794
+60,155
| +12% | +$4.55M |
|
672
Nuveen ESG Large-Cap Value ETF
NULV
$2.18B
| $44.2M | 0.02% |
1,060,571
+23,722
| +2% | +$939K |
|
673
First Trust Municipal High Income ETF
FMHI
$989M
| $44.2M | 0.02% |
893,772
+86,500
| +11% | +$4.24M |
|
674
Schwab US Broad Market ETF
SCHB
$43B
| $44M | 0.02% |
1,985,997
+63,852
| +3% | +$1.36M |
|
675
State Street Ultra Short Term Bond ETF
ULST
$527M
| $43.9M | 0.02% |
1,076,701
-60,479
| -5% | -$2.46M |
|
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.