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 | |
|---|---|---|---|---|---|---|
751
iShares iBonds Dec 2027 Term Corporate ETF
IBDS
$3.84B
| $32M | 0.02% |
1,348,972
+144,834
| +12% | +$3.43M |
|
752
State Street SPDR MSCI ACWI ex-US ETF
CWI
$2.7B
| $31.7M | 0.02% |
1,120,771
+46,059
| +4% | +$1.31M |
|
753
VanEck CLO ETF
CLOI
$1.49B
| $31.7M | 0.02% |
598,721
-88,011
| -13% | -$4.64M |
|
754
British American Tobacco
BTI
$136B
| $31.7M | 0.02% |
1,024,626
-13,827
| -1% | -$420K |
|
|
PPL
755
PPL Corp
PPL
$26.9B
| $31.7M | 0.02% |
1,145,673
-19,977
| -2% | -$560K |
|
756
Schwab Fundamental US Large Company Index ETF
FNDX
$26.5B
| $31.6M | 0.02% |
1,416,258
+123,984
| +10% | +$2.73M |
|
757
TC Energy
TRP
$70.1B
| $31.5M | 0.02% |
830,929
-35,650
| -4% | -$1.35M |
|
758
Invesco Semiconductors ETF
PSI
$2.03B
| $31.5M | 0.02% |
501,244
+38,804
| +8% | +$2.24M |
|
759
State Street SPDR Nuveen ICE Short Term Municipal Bond ETF
SHM
$3.47B
| $31.5M | 0.02% |
667,103
-12,013
| -2% | -$566K |
|
760
Alibaba
BABA
$276B
| $31.4M | 0.02% |
436,682
+11,044
| +3% | +$847K |
|
761
O'Reilly Automotive
ORLY
$75.1B
| $31.4M | 0.02% |
445,455
-133,965
| -23% | -$9.26M |
|
762
ALPS O'Shares U.S. Quality Dividend ETF
OUSA
$751M
| $31.4M | 0.02% |
631,972
-6,906
| -1% | -$335K |
|
763
Janus Henderson Small/Mid Cap Growth Alpha ETF
JSMD
$1.03B
| $31.3M | 0.02% |
470,221
+31,379
| +7% | +$2.11M |
|
764
T. Rowe Price
TROW
$25.5B
| $31.2M | 0.02% |
270,738
+24,075
| +10% | +$2.77M |
|
765
Virtus InfraCap US Preferred Stock ETF
PFFA
$2.42B
| $31.1M | 0.02% |
1,479,721
+212,973
| +17% | +$4.45M |
|
|
766
iShares Global Energy ETF
IXC
$2.75B
| $31.1M | 0.02% |
749,524
-1,453,047
| -66% | -$62.3M |
|
767
Vanguard S&P Mid-Cap 400 ETF
IVOO
$3.68B
| $31.1M | 0.02% |
313,602
+1,290
| +0.4% | +$128K |
|
768
WisdomTree US Quality Growth Fund
QGRW
$2.61B
| $31.1M | 0.02% |
692,789
+170,620
| +33% | +$7.13M |
|
769
First Trust Small Cap Growth AlphaDEX Fund
FYC
$1.24B
| $31M | 0.02% |
470,730
+7,033
| +2% | +$457K |
|
770
Arch Capital
ACGL
$36.5B
| $31M | 0.02% |
307,334
+22,574
| +8% | +$2.2M |
|
771
GE HealthCare
GEHC
$32.7B
| $30.9M | 0.02% |
397,120
+59,860
| +18% | +$4.88M |
|
772
Alcon
ALC
$34B
| $30.9M | 0.02% |
346,687
-11,174
| -3% | -$954K |
|
773
First Trust Dow 30 Equal Weight ETF
EDOW
$313M
| $30.9M | 0.02% |
921,953
+10,735
| +1% | +$360K |
|
774
First Trust NYSE Arca Biotechnology Index Fund
FBT
$2.84B
| $30.7M | 0.02% |
199,355
-51,320
| -20% | -$7.7M |
|
775
JPMorgan Equity Focus ETF
JPEF
$1.94B
| $30.5M | 0.02% |
489,820
+119,269
| +32% | +$7.11M |
|
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.