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 | |
|---|---|---|---|---|---|---|
1176
Eastman Chemical
EMN
$8B
| $17.4M | 0.01% |
190,050
+18,827
| +11% | +$1.93M |
|
1177
Invesco Financial Preferred ETF
PGF
$677M
| $17.3M | 0.01% |
1,191,738
-60,386
| -5% | -$920K |
|
1178
Citizens Financial Group
CFG
$30.3B
| $17.2M | 0.01% |
392,417
+8,321
| +2% | +$368K |
|
1179
CMS Energy
CMS
$22.6B
| $17.1M | 0.01% |
257,150
-17,292
| -6% | -$1.19M |
|
1180
Invesco S&P 500 Equal Weight Health Care ETF
RSPH
$764M
| $17.1M | 0.01% |
581,950
-92,441
| -14% | -$2.84M |
|
1181
iShares Cybersecurity and Tech ETF
IHAK
$1B
| $17M | 0.01% |
348,835
-705
| -0.2% | -$35.2K |
|
1182
Fidelity MSCI Energy Index ETF
FENY
$2.01B
| $17M | 0.01% |
713,726
+379,299
| +113% | +$9.5M |
|
1183
Fidelity High Yield Factor ETF
FDHY
$566M
| $17M | 0.01% |
352,276
+30,805
| +10% | +$1.5M |
|
|
CTRA
1184
DELISTED
Coterra Energy
CTRA
| $17M | 0.01% |
664,401
+258,114
| +64% | +$6.42M |
|
1185
iShares Core Conservative Allocation ETF
AOK
$788M
| $17M | 0.01% |
454,491
-5,346
| -1% | -$203K |
|
1186
Strategy Shares Nasdaq 7HANDL Index ETF
HNDL
$630M
| $16.8M | 0.01% |
789,690
-28,784
| -4% | -$631K |
|
1187
KraneShares CSI China Internet ETF
KWEB
$5.64B
| $16.8M | 0.01% |
575,025
+32,008
| +6% | +$1.03M |
|
1188
iShares MSCI Switzerland ETF
EWL
$2.19B
| $16.8M | 0.01% |
365,600
+158,407
| +76% | +$7.72M |
|
1189
Amcor
AMCR
$20.8B
| $16.8M | 0.01% |
356,036
-18,974
| -5% | -$991K |
|
1190
BlackRock Short Maturity Municipal Bond ETF
MEAR
$1.36B
| $16.7M | 0.01% |
334,648
+11,789
| +4% | +$591K |
|
1191
Agnico Eagle Mines
AEM
$73.6B
| $16.7M | 0.01% |
213,637
+7
| +0% | +$577 |
|
|
AFGR
1192
First Trust Active Factor Large Cap Growth ETF
AFGR
$93M
| $16.6M | 0.01% |
550,785
+19,658
| +4% | +$589K |
|
1193
BNY Mellon US Large Cap Core Equity ETF
BKLC
$5.49B
| $16.6M | 0.01% |
444,117
+325,134
| +273% | +$12.2M |
|
1194
Extra Space Storage
EXR
$31.3B
| $16.6M | 0.01% |
110,870
+6,305
| +6% | +$1.03M |
|
1195
Royal Bank of Canada
RY
$291B
| $16.6M | 0.01% |
137,608
+19,695
| +17% | +$2.43M |
|
1196
Convergence Long/Short Equity ETF
CLSE
$793M
| $16.5M | 0.01% |
720,113
+278,036
| +63% | +$6.44M |
|
1197
First Trust Indxx Aerospace & Defense ETF
MISL
$742M
| $16.5M | 0.01% |
541,085
+235,285
| +77% | +$7.49M |
|
1198
Goldman Sachs Access Ultra Short Bond ETF
GSST
$1.57B
| $16.5M | 0.01% |
327,907
+57,620
| +21% | +$2.9M |
|
1199
United Airlines
UAL
$39.4B
| $16.4M | 0.01% |
169,245
+45,701
| +37% | +$3.86M |
|
1200
CAVA Group
CAVA
$7.6B
| $16.4M | 0.01% |
145,130
+28,787
| +25% | +$3.84M |
|
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.