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 | |
|---|---|---|---|---|---|---|
876
Invesco S&P MidCap Low Volatility ETF
XMLV
$762M
| $24.2M | 0.01% |
437,684
-25,749
| -6% | -$1.43M |
|
877
Nuveen Floating Rate Income Fund
JFR
$1.23B
| $24.1M | 0.01% |
2,789,482
+79,340
| +3% | +$690K |
|
878
Check Point Software Technologies
CHKP
$14.3B
| $24.1M | 0.01% |
146,110
+5,384
| +4% | +$839K |
|
879
First Trust Developed Markets ex-US AlphaDEX Fund
FDT
$1.24B
| $24.1M | 0.01% |
436,824
-39,561
| -8% | -$2.21M |
|
880
Amplify CEF High Income ETF
YYY
$719M
| $23.9M | 0.01% |
1,991,446
+364,318
| +22% | +$4.34M |
|
|
AXON
881
Axon Enterprise
AXON
$42.8B
| $23.9M | 0.01% |
81,238
+20,095
| +33% | +$6M |
|
882
West Pharmaceutical
WST
$23.7B
| $23.9M | 0.01% |
72,509
+12,317
| +20% | +$4.35M |
|
883
Capital One
COF
$128B
| $23.8M | 0.01% |
172,105
+15,267
| +10% | +$2.14M |
|
884
Rio Tinto
RIO
$152B
| $23.8M | 0.01% |
360,656
+13,171
| +4% | +$896K |
|
885
Aptiv
APTV
$12.3B
| $23.7M | 0.01% |
336,894
+50,929
| +18% | +$3.92M |
|
886
WisdomTree Trust WisdomTree US SmallCap Quality Dividend Growth Fund
DGRS
$407M
| $23.7M | 0.01% |
503,064
+224,902
| +81% | +$10.8M |
|
887
iShares MSCI Italy ETF
EWI
$987M
| $23.6M | 0.01% |
659,438
+190,824
| +41% | +$7.13M |
|
888
Kroger
KR
$36.7B
| $23.6M | 0.01% |
472,278
+31,201
| +7% | +$1.68M |
|
889
Schwab US TIPS ETF
SCHP
$16.4B
| $23.4M | 0.01% |
900,482
-50,512
| -5% | -$1.31M |
|
890
First Trust Consumer Staples AlphaDEX Fund
FXG
$235M
| $23.4M | 0.01% |
362,770
-3,615
| -1% | -$240K |
|
|
GSWO
891
Goldman Sachs ActiveBeta World Equity ETF
GSWO
$1.68B
| $23.4M | 0.01% |
498,731
+12,916
| +3% | +$596K |
|
892
Invesco BulletShares 2029 Corporate Bond ETF
BSCT
$2.91B
| $23.3M | 0.01% |
1,280,336
+141,691
| +12% | +$2.57M |
|
893
Direxion NASDAQ-100 Equal Weighted Index ETF
QQQE
$1.32B
| $23.2M | 0.01% |
261,399
-27,074
| -9% | -$2.36M |
|
894
Invesco BulletShares 2026 High Yield Corporate Bond ETF
BSJQ
$899M
| $23.1M | 0.01% |
1,003,411
+139,625
| +16% | +$3.22M |
|
895
Nuveen ESG Small-Cap ETF
NUSC
$1.27B
| $23.1M | 0.01% |
588,155
+17,418
| +3% | +$691K |
|
896
Cardinal Health
CAH
$53.7B
| $23.1M | 0.01% |
234,937
-25,408
| -10% | -$2.59M |
|
897
Alliant Energy
LNT
$18.6B
| $23.1M | 0.01% |
453,294
+99,928
| +28% | +$5.02M |
|
898
Casey's General Stores
CASY
$32.1B
| $23.1M | 0.01% |
60,465
+13,936
| +30% | +$4.65M |
|
899
Steris
STE
$22.9B
| $23M | 0.01% |
104,930
+19,177
| +22% | +$4.17M |
|
900
First Trust International Developed Capital Strength ETF
FICS
$217M
| $23M | 0.01% |
673,356
+202,746
| +43% | +$6.99M |
|
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.