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 | |
|---|---|---|---|---|---|---|
851
Globe Life
GL
$14.1B
| $28.9M | 0.01% |
272,435
+126,472
| +87% | +$12.1M |
|
852
Victory Portfolios II VictoryShares Core Intermediate Bond ETF
UITB
$2.64B
| $28.8M | 0.01% |
601,895
+225,211
| +60% | +$10.7M |
|
853
iShares ESG Advanced MSCI USA ETF
USXF
$1.41B
| $28.8M | 0.01% |
586,101
+23,022
| +4% | +$1.09M |
|
854
LeaderShares AlphaFactor Tactical Focused ETF
LSAT
$64.7M
| $28.8M | 0.01% |
688,805
-175,076
| -20% | -$6.91M |
|
855
Capital One
COF
$128B
| $28.7M | 0.01% |
192,001
+19,896
| +12% | +$2.83M |
|
856
Dimensional US Large Cap Value ETF
DFLV
$6.85B
| $28.7M | 0.01% |
932,291
+36,261
| +4% | +$1.08M |
|
857
First Trust Emerging Markets AlphaDEX Fund
FEM
$739M
| $28.6M | 0.01% |
1,195,246
+71,983
| +6% | +$1.68M |
|
858
Vanguard Materials ETF
VAW
$2.95B
| $28.6M | 0.01% |
135,342
+29,823
| +28% | +$5.96M |
|
859
JPMorgan International Growth ETF
JIG
$472M
| $28.6M | 0.01% |
423,835
+5,787
| +1% | +$376K |
|
860
PPG Industries
PPG
$24.6B
| $28.6M | 0.01% |
215,654
+19,025
| +10% | +$2.4M |
|
861
Kroger
KR
$35.4B
| $28.5M | 0.01% |
497,970
+25,692
| +5% | +$1.38M |
|
862
State Street SPDR US Large Cap Low Volatility Index ETF
LGLV
$1.2B
| $28.5M | 0.01% |
168,573
+3,484
| +2% | +$564K |
|
863
iShares Global Energy ETF
IXC
$2.79B
| $28.5M | 0.01% |
702,917
-46,607
| -6% | -$1.91M |
|
864
NYLI FTSE International Equity Currency Neutral ETF
HFXI
$2.01B
| $28.5M | 0.01% |
1,029,383
+93,607
| +10% | +$2.52M |
|
865
iShares MSCI ACWI ETF
ACWI
$32.8B
| $28.4M | 0.01% |
237,888
+56,523
| +31% | +$6.48M |
|
866
iShares US Utilities ETF
IDU
$1.36B
| $28.2M | 0.01% |
276,124
+96,311
| +54% | +$9.12M |
|
867
Equinix
EQIX
$101B
| $28.2M | 0.01% |
31,731
-2,110
| -6% | -$1.73M |
|
868
Blue Owl Capital
OBDC
$5.35B
| $28M | 0.01% |
1,924,294
+155,312
| +9% | +$2.33M |
|
869
Alliant Energy
LNT
$18.3B
| $28M | 0.01% |
461,850
+8,556
| +2% | +$486K |
|
870
iShares Global REIT ETF
REET
$5.09B
| $28M | 0.01% |
1,048,946
-24,648
| -2% | -$623K |
|
871
ALPS O'Shares U.S. Quality Dividend ETF
OUSA
$749M
| $28M | 0.01% |
518,000
-113,972
| -18% | -$5.87M |
|
872
iShares ESG Aware USD Corporate Bond ETF
SUSC
$1.29B
| $27.9M | 0.01% |
1,174,656
+67,582
| +6% | +$1.58M |
|
873
State Street SPDR NYSE Technology ETF
XNTK
$2.06B
| $27.9M | 0.01% |
141,237
-52,033
| -27% | -$9.82M |
|
874
Fidelity MSCI Health Care Index ETF
FHLC
$3.28B
| $27.9M | 0.01% |
383,021
-115,801
| -23% | -$8.29M |
|
875
Check Point Software Technologies
CHKP
$13B
| $27.9M | 0.01% |
144,567
-1,543
| -1% | -$283K |
|
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.