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 | |
|---|---|---|---|---|---|---|
|
EIPI
1201
FT Energy Income Partners Enhanced Income ETF
EIPI
$1.07B
| $16.4M | 0.01% |
839,852
-1,034
| -0.1% | -$20.5K |
|
1202
ROBO Global Robotics & Automation Index ETF
ROBO
$1.96B
| $16.4M | 0.01% |
290,887
-1,492
| -0.5% | -$84.8K |
|
1203
CarMax
KMX
$8.13B
| $16.4M | 0.01% |
200,024
+23,204
| +13% | +$1.82M |
|
1204
Fidelity Enhanced Small Cap Core ETF
FESM
$5.95B
| $16.3M | 0.01% |
505,394
+456,026
| +924% | +$15.3M |
|
1205
WisdomTree Trust WisdomTree Interest Rate Hedged High Yield Bond Fund
HYZD
$259M
| $16.3M | 0.01% |
733,434
+140,009
| +24% | +$3.13M |
|
1206
ARK Genomic Revolution ETF
ARKG
$1.57B
| $16.3M | 0.01% |
691,258
-366,017
| -35% | -$9.01M |
|
1207
Capital Group Short Duration Municipal Income ETF
CGSM
$1.54B
| $16.3M | 0.01% |
626,616
+520,202
| +489% | +$13.6M |
|
1208
Domino's
DPZ
$11.5B
| $16.2M | 0.01% |
38,662
-713
| -2% | -$312K |
|
1209
Dutch Bros
BROS
$9.03B
| $16.2M | 0.01% |
309,390
-3,931
| -1% | -$173K |
|
1210
Invesco PHLX Semiconductor ETF
SOXQ
$2.28B
| $16.2M | 0.01% |
412,352
+34,376
| +9% | +$1.38M |
|
1211
iShares US Consumer Discretionary ETF
IYC
$1.17B
| $16.1M | 0.01% |
167,941
+34,870
| +26% | +$3.25M |
|
1212
Cambria Emerging Shareholder Yield ETF
EYLD
$838M
| $16.1M | 0.01% |
515,399
+156,340
| +44% | +$5.17M |
|
1213
Calamos Strategic Total Return Fund
CSQ
$3.23B
| $16.1M | 0.01% |
911,027
+23,367
| +3% | +$416K |
|
1214
Bank OZK
OZK
$5.6B
| $16.1M | 0.01% |
362,195
+16,732
| +5% | +$765K |
|
1215
Jackson Financial
JXN
$8.53B
| $16.1M | 0.01% |
184,994
+9,123
| +5% | +$891K |
|
1216
Weyerhaeuser
WY
$18B
| $16.1M | 0.01% |
571,101
-196,782
| -26% | -$6.14M |
|
1217
Columbia Diversified Fixed Income Allocation ETF
DIAL
$387M
| $16M | 0.01% |
913,817
+228,888
| +33% | +$4.11M |
|
1218
First Trust Emerging Markets Small Cap AlphaDEX Fund
FEMS
$241M
| $16M | 0.01% |
424,504
+4,249
| +1% | +$166K |
|
1219
KeyCorp
KEY
$24.2B
| $16M | 0.01% |
931,782
+170,779
| +22% | +$3.06M |
|
1220
Eagle Materials
EXP
$6.29B
| $16M | 0.01% |
64,672
+6,682
| +12% | +$1.93M |
|
1221
T. Rowe Price Small-Mid Cap ETF
TMSL
$2.73B
| $15.9M | 0.01% |
492,902
+340,272
| +223% | +$11.3M |
|
1222
Twilio
TWLO
$30B
| $15.9M | 0.01% |
146,657
-2,717
| -2% | -$248K |
|
1223
Leidos
LDOS
$14.5B
| $15.8M | 0.01% |
109,849
+37,733
| +52% | +$6.28M |
|
1224
Cohen & Steers REIT and Preferred and Income Fund
RNP
$982M
| $15.8M | 0.01% |
756,768
+30,205
| +4% | +$684K |
|
1225
Sony
SONY
$137B
| $15.8M | 0.01% |
745,474
+110,524
| +17% | +$2.15M |
|
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.