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 MSCI EAFE Value ETF
EFV
|
+$337M |
| 2 |
iShares Core Universal USD Bond ETF
IUSB
|
+$308M |
| 3 |
SPYM
State Street SPDR Portfolio S&P 500 ETF
SPYM
|
+$228M |
| 4 |
Microsoft
MSFT
|
+$197M |
| 5 |
Apple
AAPL
|
+$196M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
State Street Energy Select Sector SPDR ETF
XLE
|
+$89.7M |
| 2 |
iShares Currency Hedged MSCI EAFE ETF
HEFA
|
+$79.9M |
| 3 |
Invesco Russell 1000 Dynamic Multifactor ETF
OMFL
|
+$77.7M |
| 4 |
iShares Core MSCI Emerging Markets ETF
IEMG
|
+$48.7M |
| 5 |
iShares Russell Mid-Cap ETF
IWR
|
+$43.6M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 7.9% |
| 2 | Financials | 3.36% |
| 3 | Healthcare | 2.79% |
| 4 | Consumer Discretionary | 2.72% |
| 5 | Industrials | 2.38% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
1201
Booz Allen Hamilton
BAH
$8.39B
| $15M | 0.01% |
91,934
+8,683
| +10% | +$1.33M |
|
1202
MPLX
MPLX
$59.3B
| $15M | 0.01% |
336,496
+33,094
| +11% | +$1.41M |
|
1203
Avantis Core Fixed Income ETF
AVIG
$1.94B
| $14.9M | 0.01% |
351,632
+41,172
| +13% | +$1.72M |
|
1204
State Street SPDR S&P Kensho Clean Power ETF
CNRG
$198M
| $14.9M | 0.01% |
226,879
+6,825
| +3% | +$422K |
|
1205
Bank OZK
OZK
$5.6B
| $14.9M | 0.01% |
345,463
+5,720
| +2% | +$244K |
|
1206
Franklin High Yield Corporate ETF
FLHY
$1.21B
| $14.8M | 0.01% |
607,448
+133,645
| +28% | +$3.22M |
|
1207
Invesco S&P MidCap 400 Pure Growth ETF
RFG
$339M
| $14.8M | 0.01% |
301,231
-5,582
| -2% | -$269K |
|
1208
Franklin Focused Dynamic Growth ETF
FFOG
$297M
| $14.8M | 0.01% |
396,849
+236,270
| +147% | +$8.52M |
|
1209
Main Street Capital
MAIN
$5.06B
| $14.8M | 0.01% |
294,425
+6,322
| +2% | +$316K |
|
1210
Cognizant
CTSH
$24.9B
| $14.8M | 0.01% |
191,182
+24,923
| +15% | +$1.86M |
|
1211
Snowflake
SNOW
$102B
| $14.7M | 0.01% |
128,243
-12,242
| -9% | -$1.51M |
|
1212
Royal Bank of Canada
RY
$291B
| $14.7M | 0.01% |
117,913
-140
| -0.1% | -$16.1K |
|
1213
First Trust Managed Futures Strategy Fund
FMF
$249M
| $14.7M | 0.01% |
309,304
+33,340
| +12% | +$1.61M |
|
1214
BlackRock Core Bond Trust
BHK
$643M
| $14.7M | 0.01% |
1,219,517
+203,834
| +20% | +$2.31M |
|
1215
Toll Brothers
TOL
$13.6B
| $14.6M | 0.01% |
94,598
+12,485
| +15% | +$1.69M |
|
|
GRMN
1216
Garmin
GRMN
$56.7B
| $14.6M | 0.01% |
82,927
+18,516
| +29% | +$3.2M |
|
|
IPG
1217
DELISTED
Interpublic Group of Companies
IPG
| $14.6M | 0.01% |
461,277
+73,149
| +19% | +$2.24M |
|
1218
Southern Copper
SCCO
$143B
| $14.6M | 0.01% |
133,698
+8,407
| +7% | +$828K |
|
1219
Pool Corp
POOL
$6.75B
| $14.5M | 0.01% |
38,586
+2,604
| +7% | +$901K |
|
1220
CAVA Group
CAVA
$7.6B
| $14.4M | 0.01% |
116,343
+14,884
| +15% | +$1.51M |
|
1221
Royce Value Trust
RVT
$2.21B
| $14.4M | 0.01% |
916,516
+15,420
| +2% | +$234K |
|
1222
Invesco BulletShares 2027 High Yield Corporate Bond ETF
BSJR
$857M
| $14.4M | 0.01% |
632,869
+265,214
| +72% | +$5.95M |
|
1223
Harbor Dividend Growth Leaders ETF
GDIV
$236M
| $14.4M | 0.01% |
929,849
+198,620
| +27% | +$2.94M |
|
1224
State Street SPDR Bloomberg Emerging Markets USD Bond ETF
EMHC
$281M
| $14.3M | 0.01% |
571,466
+43,126
| +8% | +$1.06M |
|
1225
First Trust Mid Cap Value AlphaDEX Fund
FNK
$228M
| $14.3M | 0.01% |
263,195
-5,557
| -2% | -$295K |
|
Similar funds
LPL Financial's Q3 2024 Portfolio in Review
As of Q3 2024, LPL Financial held 5,335 positions worth $224B, up 12% from $201B the previous quarter. Its ten largest holdings account for 16% of the portfolio.
LPL Financial deployed $12.1B of net new capital in Q3 2024, opening 324 new positions and adding to 3,037 existing holdings. Its largest new stake was AB International Low Volatility Equity ETF: 419,588 shares worth $15.4M.
By sector, the portfolio is most concentrated in Technology at 7.9% of assets, down from 8.1% a quarter earlier, followed by Financials and Healthcare.
On the sell side, the largest reduction was State Street Energy Select Sector SPDR ETF, an estimated $89.7M trimmed.
- LPL Financial's largest Q3 2024 buy was AB International Low Volatility Equity ETF: 419,588 shares worth $15.4M.
- LPL Financial added most to iShares MSCI EAFE Value ETF in Q3 2024, an estimated $337M increase.
- LPL Financial's biggest Q3 2024 reduction was State Street Energy Select Sector SPDR ETF, cutting an estimated $89.7M.
- LPL Financial fully exited Encore Wire Corp in Q3 2024, selling an estimated $15.2M.
- LPL Financial's ten largest holdings make up 16% of its $224B portfolio in Q3 2024.
- LPL Financial opened 324 new positions and closed 179 in Q3 2024.
- LPL Financial's portfolio value rose 12% quarter-over-quarter to $224B.
Based on LPL Financial's 13F filing for Q3 2024, filed 8 Nov 2024.