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 | |
|---|---|---|---|---|---|---|
901
Vanguard FTSE Pacific ETF
VPL
$8.08B
| $28.5M | 0.01% |
400,853
+99,530
| +33% | +$7.43M |
|
902
IQ MacKay Municipal Intermediate ETF
MMIT
$1.45B
| $28.5M | 0.01% |
1,185,971
+150,293
| +15% | +$3.65M |
|
903
Vanguard Russell 1000 ETF
VONE
$8.27B
| $28.4M | 0.01% |
106,491
-5,550
| -5% | -$1.49M |
|
904
Columbia Multi-Sector Municipal Income ETF
MUST
$593M
| $28.3M | 0.01% |
1,393,378
+129,005
| +10% | +$2.65M |
|
905
WisdomTree Global ex-U.S. Quality Growth Fund
DNL
$481M
| $28.3M | 0.01% |
785,504
+47,498
| +6% | +$1.79M |
|
906
First Trust International Developed Capital Strength ETF
FICS
$218M
| $28.2M | 0.01% |
829,046
+58,620
| +8% | +$2.09M |
|
907
Invesco Semiconductors ETF
PSI
$2.29B
| $28.1M | 0.01% |
486,003
-73,068
| -13% | -$4.19M |
|
908
McCormick & Company Non-Voting
MKC
$13.7B
| $28.1M | 0.01% |
369,120
-4,653
| -1% | -$366K |
|
909
JPMorgan BetaBuilders US Mid Cap Equity ETF
BBMC
$2.03B
| $28.1M | 0.01% |
292,159
+273,722
| +1,485% | +$27M |
|
910
Devon Energy
DVN
$52.1B
| $28M | 0.01% |
855,580
-69,681
| -8% | -$2.62M |
|
911
Targa Resources
TRGP
$58B
| $27.9M | 0.01% |
156,563
+45,981
| +42% | +$8.24M |
|
912
American Century Diversified Municipal Bond ETF
TAXF
$683M
| $27.9M | 0.01% |
555,686
+51,311
| +10% | +$2.6M |
|
913
Innovator Laddered Allocation Power Buffer ETF
BUFF
$914M
| $27.7M | 0.01% |
617,165
+188,475
| +44% | +$8.43M |
|
914
Veeva Systems
VEEV
$33.1B
| $27.6M | 0.01% |
131,341
+15,727
| +14% | +$3.46M |
|
915
Ulta Beauty
ULTA
$22B
| $27.5M | 0.01% |
63,343
-14,431
| -19% | -$5.59M |
|
916
iShares ESG Advanced MSCI EAFE ETF
DMXF
$992M
| $27.5M | 0.01% |
425,199
+206,873
| +95% | +$14.1M |
|
917
ALPS O'Shares U.S. Quality Dividend ETF
OUSA
$748M
| $27.5M | 0.01% |
517,021
-979
| -0.2% | -$53.1K |
|
918
Cardinal Health
CAH
$53.9B
| $27.4M | 0.01% |
231,276
+14,623
| +7% | +$1.71M |
|
919
Snowflake
SNOW
$102B
| $27.3M | 0.01% |
176,646
+48,403
| +38% | +$6.82M |
|
920
MSCI
MSCI
$41.6B
| $27.2M | 0.01% |
45,404
+5,350
| +13% | +$3.21M |
|
921
TransDigm Group
TDG
$70.2B
| $27.2M | 0.01% |
21,495
+3,182
| +17% | +$4.19M |
|
922
Dover
DOV
$27.6B
| $27.1M | 0.01% |
144,679
+4,683
| +3% | +$916K |
|
923
State Street SPDR S&P Oil & Gas Exploration & Production ETF
XOP
$3.65B
| $26.9M | 0.01% |
203,466
-32,512
| -14% | -$4.45M |
|
924
JPMorgan BetaBuilders Japan ETF
BBJP
$17.5B
| $26.9M | 0.01% |
490,356
-27,053
| -5% | -$1.54M |
|
925
Nuveen Preferred & Income Opportunities Fund
JPC
$2.89B
| $26.9M | 0.01% |
3,421,081
+6,012
| +0.2% | +$48.4K |
|
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.