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 | |
|---|---|---|---|---|---|---|
676
iShares US Industrials ETF
IYJ
$1.95B
| $37.5M | 0.02% |
314,270
+63,950
| +26% | +$7.79M |
|
677
iShares ESG Aware MSCI EAFE ETF
ESGD
$11.7B
| $37.5M | 0.02% |
475,563
+20,538
| +5% | +$1.63M |
|
678
VanEck Merk Gold Trust
OUNZ
$2.51B
| $37.4M | 0.02% |
1,666,871
+73,213
| +5% | +$1.65M |
|
679
Occidental Petroleum
OXY
$55.7B
| $37.4M | 0.02% |
593,214
+1,990
| +0.3% | +$128K |
|
680
Invesco Russell 2000 Dynamic Multifactor ETF
OMFS
$280M
| $37.4M | 0.02% |
1,028,841
-461,046
| -31% | -$16.8M |
|
681
Public Service Enterprise Group
PEG
$38.7B
| $37M | 0.02% |
502,446
+51,478
| +11% | +$3.66M |
|
682
Cencora
COR
$62B
| $37M | 0.02% |
164,327
+9,697
| +6% | +$2.25M |
|
683
Invesco S&P International Developed Quality ETF
IDHQ
$917M
| $37M | 0.02% |
1,216,075
+96,637
| +9% | +$2.93M |
|
684
Franklin US Low Volatility High Dividend Index ETF
LVHD
$640M
| $36.9M | 0.02% |
1,031,405
-37,298
| -3% | -$1.34M |
|
685
WisdomTree US High Dividend Fund
DHS
$1.58B
| $36.7M | 0.02% |
434,121
-48,533
| -10% | -$4.11M |
|
686
Invesco International Dividend Achievers ETF
PID
$936M
| $36.6M | 0.02% |
2,040,233
-153,651
| -7% | -$2.79M |
|
687
iShares ESG Optimized MSCI USA ETF
SUSA
$3.95B
| $36.6M | 0.02% |
325,320
-3,640
| -1% | -$395K |
|
688
Pultegroup
PHM
$25.2B
| $36.5M | 0.02% |
331,214
+33,808
| +11% | +$3.84M |
|
689
VanEck BDC Income ETF
BIZD
$1.6B
| $36.3M | 0.02% |
2,123,224
-307,208
| -13% | -$5.17M |
|
690
Monster Beverage
MNST
$95.1B
| $36.3M | 0.02% |
726,429
-5,753
| -0.8% | -$305K |
|
691
WEC Energy
WEC
$36.3B
| $36.3M | 0.02% |
462,230
+30,508
| +7% | +$2.48M |
|
692
WisdomTree US Value Fund
WTV
$3.23B
| $36.2M | 0.02% |
496,639
+97,936
| +25% | +$7.17M |
|
693
iShares MSCI EAFE Small-Cap ETF
SCZ
$13.1B
| $36.2M | 0.02% |
586,825
+63,452
| +12% | +$3.98M |
|
694
Sysco
SYY
$40.8B
| $36.2M | 0.02% |
506,653
+6,132
| +1% | +$458K |
|
695
Dimensional Core Fixed Income ETF
DFCF
$10.8B
| $36.1M | 0.02% |
870,014
+20,947
| +2% | +$868K |
|
696
iShares AAA-A Rated Corporate Bond ETF
QLTA
$1.24B
| $36.1M | 0.02% |
771,213
-7,569
| -1% | -$354K |
|
697
Travelers Companies
TRV
$81.1B
| $36.1M | 0.02% |
177,528
+12,190
| +7% | +$2.62M |
|
698
Janus Henderson Mortgage-Backed Securities ETF
JMBS
$6.74B
| $36.1M | 0.02% |
807,656
+29,038
| +4% | +$1.29M |
|
699
Franklin Senior Loan ETF
FLBL
$852M
| $35.9M | 0.02% |
1,470,823
+847,700
| +136% | +$20.7M |
|
700
CALL
State Street SPDR Dow Jones Industrial Average ETF Trust
DIA
$45B
| $35.8M | 0.02% |
+91,500
| New | +$35.5M |
|
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.