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 | |
|---|---|---|---|---|---|---|
|
DFAI
1026
Dimensional International Core Equity Market ETF
DFAI
$17.4B
| $22.2M | 0.01% |
759,704
+8,031
| +1% | +$243K |
|
1027
HubSpot
HUBS
$12.2B
| $22.2M | 0.01% |
31,805
+1,976
| +7% | +$1.27M |
|
1028
Sea Limited
SE
$65.4B
| $22.1M | 0.01% |
208,637
+21,047
| +11% | +$2.21M |
|
1029
PACCAR
PCAR
$69.8B
| $22.1M | 0.01% |
212,405
+12,143
| +6% | +$1.33M |
|
1030
Regions Financial
RF
$26.4B
| $22.1M | 0.01% |
939,376
+36,438
| +4% | +$900K |
|
1031
Defiance Quantum ETF
QTUM
$5.23B
| $22M | 0.01% |
271,680
+139,038
| +105% | +$9.6M |
|
1032
Pacer US Large Cap Cash Cows Growth Leaders ETF
COWG
$2.23B
| $22M | 0.01% |
686,679
+382,237
| +126% | +$12.1M |
|
|
FITB
1033
Fifth Third Bancorp
FITB
$51.2B
| $22M | 0.01% |
519,339
+73,245
| +16% | +$3.29M |
|
1034
iShares Intermediate Government/Credit Bond ETF
GVI
$3.78B
| $21.9M | 0.01% |
210,359
+56,862
| +37% | +$5.97M |
|
1035
Vanguard Russell 3000 ETF
VTHR
$4.67B
| $21.8M | 0.01% |
84,118
-1,190
| -1% | -$311K |
|
1036
Goldman Sachs Access Emerging Markets USD Bond ETF
GEMD
$37.4M
| $21.8M | 0.01% |
545,926
+10,014
| +2% | +$411K |
|
1037
Datadog
DDOG
$95.4B
| $21.8M | 0.01% |
152,243
+38,937
| +34% | +$5.35M |
|
1038
abrdn Physical Precious Metals Basket Shares ETF
GLTR
$2.47B
| $21.8M | 0.01% |
198,113
+10,468
| +6% | +$1.2M |
|
1039
Unum
UNM
$13.6B
| $21.7M | 0.01% |
297,229
+14,890
| +5% | +$1.03M |
|
1040
iShares Core 60/40 Balanced Allocation ETF
AOR
$3.66B
| $21.7M | 0.01% |
378,603
+30,651
| +9% | +$1.79M |
|
1041
Icon
ICLR
$12.6B
| $21.7M | 0.01% |
103,483
+2,522
| +2% | +$589K |
|
1042
DuPont de Nemours
DD
$18.5B
| $21.7M | 0.01% |
226,230
-1,562
| -0.7% | -$162K |
|
1043
iShares ESG Aware 1-5 Year USD Corporate Bond ETF
SUSB
$1.3B
| $21.6M | 0.01% |
874,432
+206,052
| +31% | +$5.12M |
|
1044
Invesco BulletShares 2033 Corporate Bond ETF
BSCX
$1.02B
| $21.6M | 0.01% |
1,045,125
+101,017
| +11% | +$2.12M |
|
1045
West Pharmaceutical
WST
$24B
| $21.5M | 0.01% |
65,757
+13,301
| +25% | +$4.19M |
|
1046
First Trust S&P REIT Index Fund
FRI
$189M
| $21.5M | 0.01% |
785,874
-585,875
| -43% | -$16.9M |
|
1047
M&T Bank
MTB
$35.7B
| $21.4M | 0.01% |
114,066
+4,163
| +4% | +$828K |
|
1048
Invesco Bloomberg Pricing Power ETF
POWA
$178M
| $21.4M | 0.01% |
262,791
+14,689
| +6% | +$1.25M |
|
1049
WisdomTree US SmallCap Earnings Fund
EES
$719M
| $21.4M | 0.01% |
395,828
+30,392
| +8% | +$1.67M |
|
1050
Innovator Nasdaq-100 Managed Floor ETF
QFLR
$524M
| $21.4M | 0.01% |
730,156
+656,404
| +890% | +$18.8M |
|
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.