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 | |
|---|---|---|---|---|---|---|
701
British American Tobacco
BTI
$132B
| $41.1M | 0.02% |
1,123,274
+98,648
| +10% | +$3.53M |
|
702
iShares US Industrials ETF
IYJ
$1.97B
| $41.1M | 0.02% |
307,372
-6,898
| -2% | -$867K |
|
703
iShares US Real Estate ETF
IYR
$4.64B
| $41M | 0.02% |
402,726
+115,243
| +40% | +$11.1M |
|
704
Carrier Global
CARR
$51.1B
| $41M | 0.02% |
509,524
+29,619
| +6% | +$2.06M |
|
705
Vanguard Long-Term Corporate Bond ETF
VCLT
$8.79B
| $41M | 0.02% |
504,258
-25,646
| -5% | -$2.03M |
|
706
First Trust Intermediate Duration Investment Grade Corporate ETF
FIIG
$644M
| $41M | 0.02% |
1,916,279
+808,099
| +73% | +$17M |
|
707
First Trust S&P REIT Index Fund
FRI
$189M
| $40.7M | 0.02% |
1,371,749
+672,420
| +96% | +$18.8M |
|
708
Marvell Technology
MRVL
$169B
| $40.5M | 0.02% |
561,943
+68,419
| +14% | +$4.73M |
|
709
First Trust Mid Cap Growth AlphaDEX Fund
FNY
$575M
| $40.5M | 0.02% |
508,733
-12,857
| -2% | -$974K |
|
710
GE HealthCare
GEHC
$30.7B
| $40.1M | 0.02% |
427,686
+30,566
| +8% | +$2.57M |
|
711
T. Rowe Price
TROW
$24.3B
| $40.1M | 0.02% |
368,002
+97,264
| +36% | +$10.7M |
|
712
iShares US Home Construction ETF
ITB
$2.26B
| $40M | 0.02% |
314,618
+43,023
| +16% | +$4.99M |
|
|
PPL
713
PPL Corp
PPL
$26.7B
| $40M | 0.02% |
1,208,787
+63,114
| +6% | +$1.93M |
|
714
Virtus InfraCap US Preferred Stock ETF
PFFA
$2.43B
| $40M | 0.02% |
1,750,718
+270,997
| +18% | +$5.91M |
|
715
First Trust Small Cap Growth AlphaDEX Fund
FYC
$1.25B
| $39.9M | 0.02% |
536,113
+65,383
| +14% | +$4.59M |
|
716
TC Energy
TRP
$70.2B
| $39.8M | 0.02% |
836,618
+5,689
| +0.7% | +$247K |
|
717
VanEck BDC Income ETF
BIZD
$1.59B
| $39.7M | 0.02% |
2,397,009
+273,785
| +13% | +$4.49M |
|
718
Invesco S&P International Developed Quality ETF
IDHQ
$922M
| $39.6M | 0.02% |
1,248,036
+31,961
| +3% | +$990K |
|
719
Cencora
COR
$60.6B
| $39.5M | 0.02% |
175,411
+11,084
| +7% | +$2.57M |
|
720
iShares MSCI EAFE Small-Cap ETF
SCZ
$13.2B
| $39.4M | 0.02% |
582,506
-4,319
| -0.7% | -$278K |
|
721
GS ActiveBeta US Small Cap Equity ETF
GSSC
$1.04B
| $39.4M | 0.02% |
568,474
+46,906
| +9% | +$3.14M |
|
722
Dimensional Emerging Markets Core Equity 2 ETF
DFEM
$8.75B
| $39.4M | 0.02% |
1,399,245
+111,371
| +9% | +$2.99M |
|
723
PG&E
PCG
$38.9B
| $39.3M | 0.02% |
1,988,022
+10,869
| +0.5% | +$203K |
|
724
iShares 0-5 Year Investment Grade Corporate Bond ETF
SLQD
$2.37B
| $39.2M | 0.02% |
778,012
-3,519
| -0.5% | -$176K |
|
725
VanEck Preferred Securities ex Financials ETF
PFXF
$2.39B
| $39M | 0.02% |
2,136,375
+112,097
| +6% | +$1.97M |
|
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.