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 S&P 500 Growth ETF
IVW
|
+$346M |
| 2 |
Apple
AAPL
|
+$225M |
| 3 |
iShares MSCI EAFE Growth ETF
EFG
|
+$223M |
| 4 |
Microsoft
MSFT
|
+$217M |
| 5 |
BlackRock US Equity Factor Rotation ETF
DYNF
|
+$181M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
iShares MSCI EAFE Value ETF
EFV
|
+$124M |
| 2 |
Vanguard Total Bond Market
BND
|
+$66.2M |
| 3 |
iShares ESG Aware MSCI USA ETF
ESGU
|
+$64.2M |
| 4 |
iShares Global Energy ETF
IXC
|
+$62.3M |
| 5 |
State Street Health Care Select Sector SPDR ETF
XLV
|
+$60.6M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 8.15% |
| 2 | Financials | 3.16% |
| 3 | Healthcare | 2.8% |
| 4 | Consumer Discretionary | 2.64% |
| 5 | Industrials | 2.29% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
1101
Otis Worldwide
OTIS
$27.9B
| $15.2M | 0.01% |
158,088
+18,769
| +13% | +$1.81M |
|
1102
Church & Dwight Co
CHD
$23.7B
| $15.2M | 0.01% |
146,388
+5,199
| +4% | +$550K |
|
1103
Blackstone Secured Lending
BXSL
$5.36B
| $15.2M | 0.01% |
495,623
+103,433
| +26% | +$3.24M |
|
|
WIRE
1104
DELISTED
Encore Wire Corp
WIRE
| $15.2M | 0.01% |
52,309
-6,700
| -11% | -$1.89M |
|
1105
Halliburton
HAL
$26.1B
| $15.1M | 0.01% |
447,756
+37,546
| +9% | +$1.39M |
|
1106
BlackRock Short Maturity Municipal Bond ETF
MEAR
$1.36B
| $15.1M | 0.01% |
300,322
+131,369
| +78% | +$6.57M |
|
1107
AvalonBay Communities
AVB
$27.5B
| $15M | 0.01% |
72,632
+3,739
| +5% | +$723K |
|
1108
Ball Corp
BALL
$17.5B
| $15M | 0.01% |
249,647
-1,881
| -0.7% | -$126K |
|
1109
Invesco S&P MidCap 400 Pure Growth ETF
RFG
$330M
| $15M | 0.01% |
306,813
+119,400
| +64% | +$5.84M |
|
1110
KraneShares CSI China Internet ETF
KWEB
$5.5B
| $15M | 0.01% |
553,542
-17,446
| -3% | -$500K |
|
1111
Spotify
SPOT
$108B
| $14.9M | 0.01% |
47,591
+13,937
| +41% | +$4.2M |
|
1112
PIMCO 1-5 Year US TIPS Index Exchange-Traded Fund
STPZ
$507M
| $14.9M | 0.01% |
288,934
-9,059
| -3% | -$466K |
|
1113
iShares MSCI World ETF
URTH
$7.83B
| $14.9M | 0.01% |
101,082
+19,406
| +24% | +$2.8M |
|
|
FITB
1114
Fifth Third Bancorp
FITB
$51.3B
| $14.8M | 0.01% |
406,076
-26,649
| -6% | -$974K |
|
1115
AAM Low Duration Preferred and Income Securities ETF
PFLD
$414M
| $14.8M | 0.01% |
703,525
+58,557
| +9% | +$1.23M |
|
1116
Seagate
STX
$174B
| $14.8M | 0.01% |
143,127
+8,047
| +6% | +$751K |
|
1117
JPMorgan Diversified Return Emerging Markets Equity ETF
JPEM
$382M
| $14.7M | 0.01% |
272,300
+14,190
| +5% | +$779K |
|
1118
CMS Energy
CMS
$23.3B
| $14.7M | 0.01% |
247,333
+16,713
| +7% | +$1.01M |
|
1119
iShares Morningstar Small-Cap Growth ETF
ISCG
$957M
| $14.7M | 0.01% |
323,730
-9,917
| -3% | -$446K |
|
1120
Snap-on
SNA
$21.5B
| $14.7M | 0.01% |
56,208
+3,649
| +7% | +$1M |
|
1121
Calamos Strategic Total Return Fund
CSQ
$3.13B
| $14.7M | 0.01% |
870,457
+27,012
| +3% | +$438K |
|
1122
Sprott Physical Silver Trust
PSLV
$11.8B
| $14.7M | 0.01% |
1,476,118
+31,370
| +2% | +$304K |
|
1123
First Trust Natural Gas ETF
FCG
$632M
| $14.6M | 0.01% |
557,386
+46,899
| +9% | +$1.27M |
|
1124
State Street DoubleLine Short Duration Total Return Tactical ETF
STOT
$501M
| $14.6M | 0.01% |
312,459
+60,125
| +24% | +$2.81M |
|
1125
Bentley Systems
BSY
$11.2B
| $14.6M | 0.01% |
296,476
+13,596
| +5% | +$706K |
|
Similar funds
LPL Financial's Q2 2024 Portfolio in Review
As of Q2 2024, LPL Financial held 5,204 positions worth $201B, up 7.8% from $186B the previous quarter. Its ten largest holdings account for 17% of the portfolio.
LPL Financial deployed $11.6B of net new capital in Q2 2024, opening 296 new positions and adding to 3,022 existing holdings. Its largest new stake was AB Short Duration High Yield ETF: 1,874,937 shares worth $65.8M.
By sector, the portfolio is most concentrated in Technology at 8.1% of assets, up from 7.2% a quarter earlier, followed by Financials and Healthcare.
On the sell side, the largest reduction was iShares MSCI EAFE Value ETF, an estimated $124M trimmed.
- LPL Financial's largest Q2 2024 buy was AB Short Duration High Yield ETF: 1,874,937 shares worth $65.8M.
- LPL Financial added most to iShares S&P 500 Growth ETF in Q2 2024, an estimated $346M increase.
- LPL Financial's biggest Q2 2024 reduction was iShares MSCI EAFE Value ETF, cutting an estimated $124M.
- LPL Financial fully exited Pioneer Natural Resource Co. in Q2 2024, selling an estimated $30.9M.
- LPL Financial's ten largest holdings make up 17% of its $201B portfolio in Q2 2024.
- LPL Financial opened 296 new positions and closed 196 in Q2 2024.
- LPL Financial's portfolio value rose 7.8% quarter-over-quarter to $201B.
Based on LPL Financial's 13F filing for Q2 2024, filed 7 Aug 2024.