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 | |
|---|---|---|---|---|---|---|
1051
American International
AIG
$41.7B
| $19.5M | 0.01% |
266,578
+15,045
| +6% | +$1.12M |
|
1052
First Trust Indxx NextG ETF
NXTG
$536M
| $19.4M | 0.01% |
222,678
+5,123
| +2% | +$431K |
|
1053
First Trust Ultra Short Duration Municipal ETF
FUMB
$246M
| $19.4M | 0.01% |
966,711
+96,825
| +11% | +$1.95M |
|
1054
iShares US Energy ETF
IYE
$1.74B
| $19.4M | 0.01% |
418,965
-174,302
| -29% | -$8.21M |
|
1055
CMS Energy
CMS
$22.6B
| $19.4M | 0.01% |
274,442
+27,109
| +11% | +$1.78M |
|
1056
Hercules Capital
HTGC
$3.07B
| $19.4M | 0.01% |
986,915
+130,627
| +15% | +$2.57M |
|
1057
Interactive Brokers
IBKR
$39.2B
| $19.3M | 0.01% |
555,348
+46,536
| +9% | +$1.44M |
|
1058
iShares MSCI France ETF
EWQ
$335M
| $19.3M | 0.01% |
477,575
-77,737
| -14% | -$3.03M |
|
1059
WisdomTree US SmallCap Earnings Fund
EES
$719M
| $19.3M | 0.01% |
365,436
+10,097
| +3% | +$512K |
|
1060
Eastman Chemical
EMN
$8B
| $19.2M | 0.01% |
171,223
-43,969
| -20% | -$4.4M |
|
1061
Invesco S&P 500 Pure Value ETF
RPV
$1.65B
| $19.1M | 0.01% |
215,353
+1,733
| +0.8% | +$150K |
|
1062
Omega Healthcare
OHI
$15.1B
| $19.1M | 0.01% |
469,573
-7,913
| -2% | -$299K |
|
|
FITB
1063
Fifth Third Bancorp
FITB
$51.2B
| $19.1M | 0.01% |
446,094
+40,018
| +10% | +$1.63M |
|
1064
Invesco FTSE RAFI Emerging Markets ETF
PXH
$1.94B
| $19.1M | 0.01% |
869,570
+16,390
| +2% | +$336K |
|
1065
Dimensional Global Real Estate ETF
DFGR
$3.85B
| $19M | 0.01% |
659,881
+2,952
| +0.4% | +$80.4K |
|
1066
Equifax
EFX
$20.3B
| $19M | 0.01% |
64,792
+4,785
| +8% | +$1.35M |
|
1067
VanEck Junior Gold Miners ETF
GDXJ
$6.89B
| $19M | 0.01% |
389,451
+5,044
| +1% | +$232K |
|
1068
Invesco CEF Income Composite ETF
PCEF
$801M
| $18.9M | 0.01% |
961,309
-200,723
| -17% | -$3.83M |
|
|
TRPA
1069
Hartford AAA CLO ETF
TRPA
$103M
| $18.9M | 0.01% |
485,280
+48,818
| +11% | +$1.91M |
|
1070
Innovator Laddered Allocation Power Buffer ETF
BUFF
$914M
| $18.9M | 0.01% |
428,690
+275,483
| +180% | +$11.9M |
|
|
DFS
1071
DELISTED
Discover Financial Services
DFS
| $18.9M | 0.01% |
134,737
+10,443
| +8% | +$1.4M |
|
1072
State Street SPDR S&P Emerging Markets Small Cap ETF
EWX
$652M
| $18.9M | 0.01% |
302,973
-13,492
| -4% | -$786K |
|
1073
Extra Space Storage
EXR
$31.3B
| $18.8M | 0.01% |
104,565
-346
| -0.3% | -$58.4K |
|
1074
Nuveen ESG Mid-Cap Growth ETF
NUMG
$350M
| $18.8M | 0.01% |
420,335
+4,161
| +1% | +$176K |
|
1075
First Trust Materials AlphaDEX Fund
FXZ
$368M
| $18.8M | 0.01% |
279,723
-73,310
| -21% | -$4.74M |
|
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.