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 | |
|---|---|---|---|---|---|---|
1051
Invesco Russell 2000 Dynamic Multifactor ETF
OMFS
$281M
| $21.3M | 0.01% |
539,055
-376,292
| -41% | -$15.5M |
|
1052
iShares Select U.S. REIT ETF
ICF
$2.09B
| $21.3M | 0.01% |
353,622
+35,582
| +11% | +$2.27M |
|
1053
First Trust Nasdaq Semiconductor ETF
FTXL
$2.09B
| $21.3M | 0.01% |
243,995
-44,764
| -16% | -$4.05M |
|
1054
Vulcan Materials
VMC
$34.8B
| $21.2M | 0.01% |
82,586
-7,255
| -8% | -$1.95M |
|
1055
State Street DoubleLine Short Duration Total Return Tactical ETF
STOT
$501M
| $21.2M | 0.01% |
452,059
+71,373
| +19% | +$3.36M |
|
1056
LeaderShares Dynamic Yield ETF
DYLD
$40.1M
| $21.1M | 0.01% |
941,194
-6,577
| -0.7% | -$149K |
|
1057
Aptiv
APTV
$12B
| $21.1M | 0.01% |
349,407
+55,739
| +19% | +$3.41M |
|
1058
Invesco NASDAQ Internet ETF
PNQI
$528M
| $21.1M | 0.01% |
452,221
+33,630
| +8% | +$1.54M |
|
1059
Vanguard FTSE Europe ETF
VGK
$30.7B
| $21.1M | 0.01% |
332,215
-137,549
| -29% | -$9.18M |
|
1060
IQ MacKay Municipal Insured ETF
MMIN
$463M
| $21M | 0.01% |
881,387
-51,937
| -6% | -$1.26M |
|
1061
Ametek
AME
$55.4B
| $21M | 0.01% |
116,305
+9,466
| +9% | +$1.72M |
|
|
GRMN
1062
Garmin
GRMN
$56.7B
| $21M | 0.01% |
101,635
+18,708
| +23% | +$3.67M |
|
1063
State Street SPDR S&P Bank ETF
KBE
$1.64B
| $20.9M | 0.01% |
376,691
+139,740
| +59% | +$7.98M |
|
1064
Sprott Physical Silver Trust
PSLV
$12B
| $20.9M | 0.01% |
2,163,984
+549,862
| +34% | +$5.8M |
|
1065
Invesco KBW Property & Casualty Insurance ETF
KBWP
$267M
| $20.8M | 0.01% |
179,279
+43,052
| +32% | +$5.11M |
|
|
CYBR
1066
DELISTED
CyberArk
CYBR
| $20.8M | 0.01% |
61,575
-486
| -0.8% | -$148K |
|
1067
Canadian Imperial Bank of Commerce
CM
$108B
| $20.7M | 0.01% |
327,288
-199,379
| -38% | -$12.7M |
|
1068
iShares iBonds Dec 2026 Term Treasury ETF
IBTG
$2.24B
| $20.7M | 0.01% |
905,971
+215,954
| +31% | +$4.93M |
|
1069
Invesco S&P 500 Pure Value ETF
RPV
$1.65B
| $20.6M | 0.01% |
228,553
+13,200
| +6% | +$1.21M |
|
1070
Super Micro Computer
SMCI
$18.4B
| $20.6M | 0.01% |
675,605
-346,055
| -34% | -$12.6M |
|
1071
Emcor
EME
$35.2B
| $20.5M | 0.01% |
45,224
+13,485
| +42% | +$6.38M |
|
1072
Sprouts Farmers Market
SFM
$8.13B
| $20.4M | 0.01% |
160,522
+51,782
| +48% | +$6.88M |
|
1073
Ares Management
ARES
$28.9B
| $20.4M | 0.01% |
115,176
+16,001
| +16% | +$2.73M |
|
1074
GSK
GSK
$104B
| $20.4M | 0.01% |
602,885
+18,519
| +3% | +$667K |
|
1075
Nuveen ESG Mid-Cap Growth ETF
NUMG
$350M
| $20.4M | 0.01% |
429,857
+9,522
| +2% | +$454K |
|
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.