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 | |
|---|---|---|---|---|---|---|
1076
First Trust Utilities AlphaDEX Fund
FXU
$814M
| $20.4M | 0.01% |
538,297
-4,552
| -0.8% | -$176K |
|
1077
State Street SPDR S&P Global Infrastructure ETF
GII
$928M
| $20.3M | 0.01% |
343,561
+178,130
| +108% | +$10.9M |
|
1078
Fidelity Enhanced Large Cap Growth ETF
FELG
$5.47B
| $20.3M | 0.01% |
574,088
+177,620
| +45% | +$6.15M |
|
1079
First Trust Consumer Staples AlphaDEX Fund
FXG
$229M
| $20.2M | 0.01% |
316,048
-43,380
| -12% | -$2.92M |
|
1080
State Street SPDR S&P 500 ESG ETF
EFIV
$1,000M
| $20.2M | 0.01% |
358,456
+76,634
| +27% | +$4.37M |
|
|
NSA
1081
DELISTED
National Storage Affiliates Trust
NSA
| $20.2M | 0.01% |
533,812
+19,693
| +4% | +$844K |
|
1082
Franklin Focused Dynamic Growth ETF
FFOG
$297M
| $20.2M | 0.01% |
505,802
+108,953
| +27% | +$4.28M |
|
1083
Kraft Heinz
KHC
$30.7B
| $20.1M | 0.01% |
655,747
+50,040
| +8% | +$1.64M |
|
1084
Pacer Trendpilot US Mid Cap ETF
PTMC
$392M
| $20.1M | 0.01% |
545,835
+46,115
| +9% | +$1.76M |
|
1085
WisdomTree US Efficient Core Fund
NTSX
$1.35B
| $20.1M | 0.01% |
430,903
+134,125
| +45% | +$6.37M |
|
1086
State Street SPDR S&P Emerging Markets Small Cap ETF
EWX
$652M
| $20.1M | 0.01% |
342,202
+39,229
| +13% | +$2.4M |
|
1087
Cognizant
CTSH
$24.9B
| $20M | 0.01% |
260,691
+69,509
| +36% | +$5.44M |
|
1088
Invesco AAA CLO Floating Rate Note ETF
ICLO
$513M
| $20M | 0.01% |
780,144
+401,252
| +106% | +$10.3M |
|
1089
State Street SPDR Dow Jones REIT ETF
RWR
$1.86B
| $19.9M | 0.01% |
201,753
-27,952
| -12% | -$2.91M |
|
1090
NRG Energy
NRG
$28.3B
| $19.9M | 0.01% |
221,039
+36,181
| +20% | +$3.35M |
|
1091
Martin Marietta Materials
MLM
$31.5B
| $19.9M | 0.01% |
38,602
+1,776
| +5% | +$1.01M |
|
1092
Royce Value Trust
RVT
$2.21B
| $19.9M | 0.01% |
1,260,113
+343,597
| +37% | +$5.48M |
|
1093
Hercules Capital
HTGC
$3.07B
| $19.8M | 0.01% |
987,320
+405
| +0% | +$7.9K |
|
1094
VanEck Oil Services ETF
OIH
$2.06B
| $19.8M | 0.01% |
72,954
+509
| +0.7% | +$146K |
|
1095
eBay
EBAY
$50.6B
| $19.8M | 0.01% |
319,118
+48,475
| +18% | +$3.08M |
|
1096
Vanguard S&P Mid-Cap 400 Growth ETF
IVOG
$1.62B
| $19.7M | 0.01% |
174,669
+1,395
| +0.8% | +$164K |
|
1097
ProShares Large Cap Core Plus
CSM
$518M
| $19.7M | 0.01% |
297,315
-90,056
| -23% | -$6.03M |
|
1098
Cboe Global Markets
CBOE
$32.5B
| $19.7M | 0.01% |
100,593
+26,392
| +36% | +$5.44M |
|
|
SQEW
1099
DELISTED
LeaderShares Equity Skew ETF
SQEW
| $19.6M | 0.01% |
583,598
-36,128
| -6% | -$1.26M |
|
1100
W.R. Berkley
WRB
$26.9B
| $19.6M | 0.01% |
335,549
+9,349
| +3% | +$560K |
|
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.