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 | |
|---|---|---|---|---|---|---|
701
Invesco S&P 500 Pure Growth ETF
RPG
$2B
| $45.2M | 0.02% |
1,094,473
+5,336
| +0.5% | +$222K |
|
702
iShares International Select Dividend ETF
IDV
$8.46B
| $45.1M | 0.02% |
1,648,938
+12,062
| +0.7% | +$345K |
|
703
Digital Realty Trust
DLR
$71.5B
| $45.1M | 0.02% |
254,370
+44,001
| +21% | +$7.81M |
|
704
iShares iBonds Dec 2027 Term Corporate ETF
IBDS
$3.84B
| $45M | 0.02% |
1,879,150
+310,339
| +20% | +$7.47M |
|
705
iShares Core US REIT ETF
USRT
$4.65B
| $44.8M | 0.02% |
781,468
+562,265
| +257% | +$33.8M |
|
706
VanEck Merk Gold Trust
OUNZ
$2.55B
| $44.8M | 0.02% |
1,769,006
-194,509
| -10% | -$5M |
|
707
First Trust Core Investment Grade ETF
FTCB
$2.53B
| $44.4M | 0.02% |
+2,151,825
| New | +$45.1M |
|
708
First Trust Small Cap Growth AlphaDEX Fund
FYC
$1.26B
| $44.4M | 0.02% |
573,829
+37,716
| +7% | +$2.96M |
|
709
iShares Russell Top 200 ETF
IWL
$2.17B
| $44.3M | 0.02% |
306,260
+1,302
| +0.4% | +$188K |
|
710
State Street SPDR Bloomberg 1-10 Year TIPS ETF
TIPX
$2.02B
| $44.1M | 0.02% |
2,386,718
-192,993
| -7% | -$3.61M |
|
711
Kenvue
KVUE
$37.1B
| $44.1M | 0.02% |
2,064,405
+96,030
| +5% | +$2.18M |
|
712
Huntington Bancshares
HBAN
$34.5B
| $44.1M | 0.02% |
2,707,940
-91,351
| -3% | -$1.5M |
|
713
Vanguard World Funds Extended Duration ETF
EDV
$3.26B
| $44M | 0.02% |
650,245
+53,085
| +9% | +$3.87M |
|
714
Virtus InfraCap US Preferred Stock ETF
PFFA
$2.44B
| $44M | 0.02% |
2,009,622
+258,904
| +15% | +$5.85M |
|
715
Columbia EM Core ex-China ETF
XCEM
$1.88B
| $44M | 0.02% |
1,486,080
+67,896
| +5% | +$2.14M |
|
716
Novartis
NVS
$301B
| $43.8M | 0.02% |
450,219
+18,630
| +4% | +$1.99M |
|
717
Invesco BuyBack Achievers ETF
PKW
$1.72B
| $43.7M | 0.02% |
379,624
+8,276
| +2% | +$980K |
|
718
Columbia Emerging Markets Consumer ETF
ECON
$325M
| $43.6M | 0.02% |
2,103,072
+2,093,907
| +22,847% | +$45.5M |
|
719
Coinbase
COIN
$43.1B
| $43.5M | 0.02% |
175,377
+46,612
| +36% | +$11.8M |
|
720
Workday
WDAY
$39B
| $43.5M | 0.02% |
169,293
+35,211
| +26% | +$9M |
|
721
Vistra
VST
$50.1B
| $43.5M | 0.02% |
315,464
+116,226
| +58% | +$16.1M |
|
722
John Hancock Multifactor Developed International ETF
JHMD
$971M
| $43.3M | 0.02% |
1,351,370
+60,242
| +5% | +$2.02M |
|
723
Rockwell Automation
ROK
$52.4B
| $43.3M | 0.02% |
151,583
+25,240
| +20% | +$7.1M |
|
724
iShares Dow Jones US ETF
IYY
$2.93B
| $43.2M | 0.02% |
301,675
-34,054
| -10% | -$4.9M |
|
725
Hartford Total Return Bond ETF
HTRB
$2.21B
| $43M | 0.02% |
1,290,527
+246,770
| +24% | +$8.38M |
|
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.