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 US Treasury Bond ETF
GOVT
|
+$2.1B |
| 2 |
BlackRock US Equity Factor Rotation ETF
DYNF
|
+$559M |
| 3 |
State Street SPDR Portfolio Intermediate Term Corporate Bond ETF
SPIB
|
+$548M |
| 4 |
iShares Core Universal USD Bond ETF
IUSB
|
+$408M |
| 5 |
iShares S&P 500 Value ETF
IVE
|
+$368M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Vanguard Total Bond Market
BND
|
+$1.4B |
| 2 |
Vanguard Morningstar Total Stock Market ETF
VTI
|
+$380M |
| 3 |
iShares Core S&P 500 ETF
IVV
|
+$360M |
| 4 |
iShares Treasury Floating Rate Bond ETF
TFLO
|
+$298M |
| 5 |
iShares ESG Aware MSCI USA ETF
ESGU
|
+$149M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 7.21% |
| 2 | Financials | 3.26% |
| 3 | Healthcare | 2.83% |
| 4 | Consumer Discretionary | 2.64% |
| 5 | Industrials | 2.38% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
1026
Invesco S&P MidCap 400 GARP ETF
GRPM
$489M
| $16.7M | 0.01% |
139,077
+34,004
| +32% | +$3.6M |
|
1027
ALPS O'Shares US Small-Cap Quality Dividend ETF
OUSM
$893M
| $16.7M | 0.01% |
392,045
+29,120
| +8% | +$1.17M |
|
1028
Invesco FTSE RAFI Emerging Markets ETF
PXH
$1.95B
| $16.7M | 0.01% |
856,708
+701,677
| +453% | +$13.3M |
|
1029
MongoDB
MDB
$28.8B
| $16.6M | 0.01% |
46,200
+8,362
| +22% | +$3.42M |
|
1030
Welltower
WELL
$168B
| $16.6M | 0.01% |
177,267
+10,413
| +6% | +$943K |
|
1031
iShares Core Conservative Allocation ETF
AOK
$792M
| $16.5M | 0.01% |
449,030
+661
| +0.1% | +$23.9K |
|
1032
Franklin Dynamic Municipal Bond ETF
FLMI
$2.32B
| $16.5M | 0.01% |
671,794
+134,775
| +25% | +$3.27M |
|
1033
First Trust International Developed Capital Strength ETF
FICS
$213M
| $16.5M | 0.01% |
470,610
+16,969
| +4% | +$580K |
|
1034
First Trust NASDAQ Clean Edge Green Energy Index Fund
QCLN
$605M
| $16.4M | 0.01% |
472,469
-166,926
| -26% | -$5.92M |
|
1035
VanEck Morningstar SMID Moat ETF
SMOT
$335M
| $16.4M | 0.01% |
479,501
-33,459
| -7% | -$1.07M |
|
1036
Invesco S&P 500 High Beta ETF
SPHB
$994M
| $16.3M | 0.01% |
186,277
-135,235
| -42% | -$11.2M |
|
1037
Nuveen ESG Mid-Cap Growth ETF
NUMG
$358M
| $16.3M | 0.01% |
367,315
+6,411
| +2% | +$275K |
|
|
AFGR
1038
First Trust Active Factor Large Cap Growth ETF
AFGR
$94.5M
| $16.3M | 0.01% |
590,956
+30,098
| +5% | +$781K |
|
1039
Haleon
HLN
$43.2B
| $16.2M | 0.01% |
1,913,246
+304,984
| +19% | +$2.55M |
|
|
BSJO
1040
DELISTED
Invesco BulletShares 2024 High Yield Corporate Bond ETF
BSJO
| $16.2M | 0.01% |
714,112
+3,182
| +0.4% | +$72.3K |
|
1041
BHP
BHP
$212B
| $16.2M | 0.01% |
281,091
+1,356
| +0.5% | +$81.2K |
|
1042
iShares Select U.S. REIT ETF
ICF
$2.1B
| $16.2M | 0.01% |
280,612
+14,157
| +5% | +$808K |
|
1043
Halliburton
HAL
$26.6B
| $16.2M | 0.01% |
410,210
+56,291
| +16% | +$2.02M |
|
1044
iShares High Yield Systematic Bond ETF
HYDB
$1.6B
| $16.1M | 0.01% |
345,295
+196,445
| +132% | +$9.1M |
|
1045
Vanguard Materials ETF
VAW
$2.99B
| $16.1M | 0.01% |
78,864
-753
| -0.9% | -$143K |
|
|
FITB
1046
Fifth Third Bancorp
FITB
$51.6B
| $16.1M | 0.01% |
432,725
-14,614
| -3% | -$508K |
|
1047
DNP Select Income Fund
DNP
$4.06B
| $16.1M | 0.01% |
1,771,146
+116,457
| +7% | +$1.03M |
|
1048
Aon
AON
$75.9B
| $16M | 0.01% |
47,846
+3,076
| +7% | +$954K |
|
1049
abrdn Physical Gold Shares ETF
SGOL
$6.91B
| $16M | 0.01% |
751,098
-91,969
| -11% | -$1.82M |
|
1050
Fortinet
FTNT
$120B
| $15.9M | 0.01% |
233,397
-28,556
| -11% | -$1.9M |
|
Similar funds
LPL Financial's Q1 2024 Portfolio in Review
As of Q1 2024, LPL Financial held 5,089 positions worth $186B, up 13% from $165B the previous quarter. Its ten largest holdings account for 16% of the portfolio.
LPL Financial deployed $9.13B of net new capital in Q1 2024, opening 298 new positions and adding to 2,838 existing holdings. Its largest new stake was JPMorgan Global Select Equity ETF: 859,035 shares worth $49.3M.
By sector, the portfolio is most concentrated in Technology at 7.2% of assets, up from 6.9% a quarter earlier, followed by Financials and Healthcare.
On the sell side, the largest reduction was Vanguard Total Bond Market, an estimated $1.4B trimmed.
- LPL Financial's largest Q1 2024 buy was JPMorgan Global Select Equity ETF: 859,035 shares worth $49.3M.
- LPL Financial added most to iShares US Treasury Bond ETF in Q1 2024, an estimated $2.1B increase.
- LPL Financial's biggest Q1 2024 reduction was Vanguard Total Bond Market, cutting an estimated $1.4B.
- LPL Financial fully exited WisdomTree Emerging Currency Strategy Fund in Q1 2024, selling an estimated $13.1M.
- LPL Financial's ten largest holdings make up 16% of its $186B portfolio in Q1 2024.
- LPL Financial opened 298 new positions and closed 179 in Q1 2024.
- LPL Financial's portfolio value rose 13% quarter-over-quarter to $186B.
Based on LPL Financial's 13F filing for Q1 2024, filed 10 May 2024.