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 | |
|---|---|---|---|---|---|---|
1126
Rio Tinto
RIO
$158B
| $18.9M | 0.01% |
321,608
-46,478
| -13% | -$2.97M |
|
1127
PIMCO Short Term Municipal Bond Active Exchange-Traded Fund
SMMU
$1.14B
| $18.9M | 0.01% |
379,360
+11,194
| +3% | +$561K |
|
1128
Invesco BulletShares 2028 High Yield Corporate Bond ETF
BSJS
$717M
| $18.9M | 0.01% |
871,556
+48,556
| +6% | +$1.07M |
|
|
DOCU
1129
DocuSign
DOCU
$10.5B
| $18.9M | 0.01% |
209,927
+23,181
| +12% | +$1.85M |
|
1130
Omnicom Group
OMC
$21.6B
| $18.9M | 0.01% |
219,326
+29,756
| +16% | +$2.95M |
|
1131
State Street SPDR Global Dow ETF
DGT
$615M
| $18.8M | 0.01% |
142,410
+31,989
| +29% | +$4.36M |
|
1132
Blackstone Secured Lending
BXSL
$5.37B
| $18.7M | 0.01% |
579,202
+43,164
| +8% | +$1.35M |
|
1133
VictoryShares WestEnd US Sector ETF
MODL
$1.03B
| $18.7M | 0.01% |
464,901
+73,477
| +19% | +$2.96M |
|
1134
Canadian Pacific Kansas City
CP
$78.1B
| $18.7M | 0.01% |
258,075
+66,125
| +34% | +$5.09M |
|
1135
Invesco CEF Income Composite ETF
PCEF
$801M
| $18.7M | 0.01% |
974,442
+13,133
| +1% | +$256K |
|
1136
Edison International
EIX
$28.2B
| $18.7M | 0.01% |
233,786
-4,880
| -2% | -$408K |
|
1137
Invesco MSCI USA ETF
PBUS
$11.4B
| $18.6M | 0.01% |
316,549
-3,550
| -1% | -$210K |
|
1138
Ferrari
RACE
$69.2B
| $18.6M | 0.01% |
43,792
+6,930
| +19% | +$3.13M |
|
1139
Take-Two Interactive
TTWO
$45.4B
| $18.6M | 0.01% |
100,872
+7,949
| +9% | +$1.38M |
|
1140
Reaves Utility Income Fund
UTG
$3.54B
| $18.5M | 0.01% |
585,115
+26,496
| +5% | +$871K |
|
|
FSCO
1141
FS Credit Opportunities Corp
FSCO
$1B
| $18.5M | 0.01% |
2,710,617
+22,441
| +0.8% | +$149K |
|
1142
HCA Healthcare
HCA
$87.2B
| $18.5M | 0.01% |
61,581
+10,777
| +21% | +$3.77M |
|
1143
Global X Silver Miners ETF NEW
SIL
$3.98B
| $18.5M | 0.01% |
581,778
-6,681
| -1% | -$245K |
|
1144
PIMCO 0-5 Year High Yield Corporate Bond Index Exchange-Traded Fund
HYS
$1.75B
| $18.5M | 0.01% |
197,016
+63,506
| +48% | +$6M |
|
1145
iShares US Transportation ETF
IYT
$2.26B
| $18.4M | 0.01% |
272,954
+96,850
| +55% | +$6.85M |
|
1146
iShare MSCI Eurozone ETF
EZU
$9.64B
| $18.4M | 0.01% |
390,725
+33,833
| +9% | +$1.65M |
|
1147
FT Vest Buffered Allocation Growth ETF
BUFG
$327M
| $18.4M | 0.01% |
751,486
+76,869
| +11% | +$1.88M |
|
1148
Equifax
EFX
$20.3B
| $18.4M | 0.01% |
72,135
+7,343
| +11% | +$1.97M |
|
|
HOLX
1149
DELISTED
Hologic
HOLX
| $18.2M | 0.01% |
253,140
+1,990
| +0.8% | +$155K |
|
1150
Carnival Corporation Ltd
CCL
$38.1B
| $18.2M | 0.01% |
730,544
+72,701
| +11% | +$1.7M |
|
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.