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 | |
|---|---|---|---|---|---|---|
801
LeaderShares AlphaFactor US Core Equity ETF
LSAF
$123M
| $32.4M | 0.01% |
783,395
+11,203
| +1% | +$437K |
|
802
Capital Group Dividend Growers ETF
CGDG
$5.44B
| $32.4M | 0.01% |
1,054,723
+610,685
| +138% | +$18.1M |
|
803
Amplify Cybersecurity ETF
HACK
$2.68B
| $32.4M | 0.01% |
473,951
+35,875
| +8% | +$2.34M |
|
804
Invesco BulletShares 2030 Corporate Bond ETF
BSCU
$2.65B
| $32.3M | 0.01% |
1,907,015
+514,267
| +37% | +$8.6M |
|
805
Canadian Imperial Bank of Commerce
CM
$109B
| $32.3M | 0.01% |
526,667
+15,014
| +3% | +$813K |
|
806
Arch Capital
ACGL
$34.3B
| $32.2M | 0.01% |
287,862
-19,472
| -6% | -$2.03M |
|
807
First Trust US Equity Opportunities ETF
FPX
$1.49B
| $32.2M | 0.01% |
292,022
-43,987
| -13% | -$4.47M |
|
808
Invesco Semiconductors ETF
PSI
$2.34B
| $32.2M | 0.01% |
559,071
+57,827
| +12% | +$3.3M |
|
809
iShares U.S. Carbon Transition Readiness Aware Active ETF
LCTU
$1.21B
| $32.1M | 0.01% |
512,302
-67,677
| -12% | -$4.09M |
|
810
Constellation Brands
STZ
$22.2B
| $32.1M | 0.01% |
124,460
+7,104
| +6% | +$1.76M |
|
811
US Treasury 2 Year Note ETF
UTWO
$481M
| $32.1M | 0.01% |
657,666
+221,153
| +51% | +$10.7M |
|
812
WisdomTree International Quality Dividend Growth Fund
IQDG
$715M
| $32M | 0.01% |
816,483
+67,819
| +9% | +$2.57M |
|
|
DFSV
813
Dimensional US Small Cap Value ETF
DFSV
$8.18B
| $31.9M | 0.01% |
1,035,740
+98,138
| +10% | +$2.94M |
|
814
Arm
ARM
$261B
| $31.8M | 0.01% |
222,152
+37,595
| +20% | +$5.34M |
|
815
ON Semiconductor
ON
$32.6B
| $31.6M | 0.01% |
435,869
+14,134
| +3% | +$1.03M |
|
816
Microchip Technology
MCHP
$40.8B
| $31.6M | 0.01% |
394,120
+23,887
| +6% | +$1.97M |
|
817
Corteva
CTVA
$53.7B
| $31.6M | 0.01% |
537,675
+30,963
| +6% | +$1.69M |
|
818
AutoZone
AZO
$49.3B
| $31.4M | 0.01% |
9,983
+448
| +5% | +$1.38M |
|
819
iShares Morningstar Mid-Cap ETF
IMCB
$1.66B
| $31.2M | 0.01% |
410,120
-16,317
| -4% | -$1.18M |
|
820
Principal Spectrum Preferred Securities Active ETF
PREF
$1.77B
| $31.2M | 0.01% |
1,657,351
+235,641
| +17% | +$4.35M |
|
821
Franklin US Low Volatility High Dividend Index ETF
LVHD
$628M
| $31.1M | 0.01% |
763,896
-267,509
| -26% | -$10.3M |
|
822
State Street SPDR S&P Oil & Gas Exploration & Production ETF
XOP
$3.62B
| $31M | 0.01% |
235,978
-269,374
| -53% | -$37.2M |
|
823
Tetra Tech
TTEK
$8.48B
| $30.9M | 0.01% |
655,440
+39,885
| +6% | +$1.77M |
|
824
State Street SPDR S&P Insurance ETF
KIE
$651M
| $30.9M | 0.01% |
544,560
+169,020
| +45% | +$9.09M |
|
825
Newmont
NEM
$98.8B
| $30.9M | 0.01% |
577,401
+35,382
| +7% | +$1.76M |
|
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.