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 | |
|---|---|---|---|---|---|---|
1326
Cboe Global Markets
CBOE
$31B
| $10.9M | 0.01% |
63,879
+487
| +0.8% | +$86.5K |
|
1327
Maximus
MMS
$3.19B
| $10.8M | 0.01% |
126,389
-1,470
| -1% | -$124K |
|
1328
BlackRock Core Bond Trust
BHK
$648M
| $10.8M | 0.01% |
1,015,683
+114,968
| +13% | +$1.21M |
|
1329
TechnipFMC
FTI
$27.5B
| $10.7M | 0.01% |
410,058
-4,537
| -1% | -$117K |
|
1330
Wabtec
WAB
$49.4B
| $10.7M | 0.01% |
67,726
+2,521
| +4% | +$403K |
|
1331
JPMorgan US Momentum Factor ETF
JMOM
$2.47B
| $10.7M | 0.01% |
199,673
-14,364
| -7% | -$747K |
|
|
FSGS
1332
First Trust SMID Growth Strength ETF
FSGS
$30.9M
| $10.7M | 0.01% |
387,898
-242,136
| -38% | -$6.72M |
|
|
FLXR
1333
TCW Flexible Income ETF
FLXR
$3.46B
| $10.7M | 0.01% |
+279,497
| New | +$10.7M |
|
1334
Darden Restaurants
DRI
$23.7B
| $10.7M | 0.01% |
70,417
+6,110
| +10% | +$930K |
|
1335
First Trust Low Duration Strategic Focus ETF
LDSF
$161M
| $10.6M | 0.01% |
567,912
+26,291
| +5% | +$491K |
|
1336
Invesco NASDAQ Next Gen 100 ETF
QQQJ
$1.12B
| $10.6M | 0.01% |
379,819
-10,444
| -3% | -$290K |
|
1337
iShares Core MSCI Europe ETF
IEUR
$9.01B
| $10.6M | 0.01% |
185,516
+18,725
| +11% | +$1.09M |
|
1338
Sixth Street Specialty
TSLX
$1.64B
| $10.6M | 0.01% |
494,199
+99,300
| +25% | +$2.12M |
|
1339
Harbor Dividend Growth Leaders ETF
GDIV
$236M
| $10.5M | 0.01% |
731,229
-174,705
| -19% | -$2.48M |
|
|
GRMN
1340
Garmin
GRMN
$57.4B
| $10.5M | 0.01% |
64,411
+9,684
| +18% | +$1.53M |
|
1341
iShares MSCI Mexico ETF
EWW
$1.93B
| $10.5M | 0.01% |
185,227
-93,617
| -34% | -$6.01M |
|
1342
Pacer American Energy Infrastructure ETF
USAI
$127M
| $10.5M | 0.01% |
315,936
+20,950
| +7% | +$669K |
|
1343
US Global Jets ETF
JETS
$786M
| $10.5M | 0.01% |
532,149
-83,276
| -14% | -$1.68M |
|
1344
iShares Currency Hedged MSCI Eurozone ETF
HEZU
$571M
| $10.5M | 0.01% |
288,131
+212,112
| +279% | +$7.79M |
|
1345
iShares Core 80/20 Aggressive Allocation ETF
AOA
$3.18B
| $10.4M | 0.01% |
139,690
-8,827
| -6% | -$645K |
|
1346
Solventum
SOLV
$15B
| $10.4M | 0.01% |
+197,495
| New | +$12M |
|
1347
NNN REIT
NNN
$9.16B
| $10.4M | 0.01% |
245,141
-20
| -0% | -$832 |
|
1348
Essential Utilities
WTRG
$11.4B
| $10.4M | 0.01% |
279,498
+8,232
| +3% | +$305K |
|
1349
Badger Meter
BMI
$3.78B
| $10.4M | 0.01% |
55,880
-708
| -1% | -$129K |
|
1350
iShares Core US REIT ETF
USRT
$4.65B
| $10.4M | 0.01% |
194,220
-3,750
| -2% | -$195K |
|
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.