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 US Treasury Bond ETF
GOVT
|
+$2.1B |
| 2 |
BlackRock US Equity Factor Rotation ETF
DYNF
|
+$559M |
| 3 |
State Street SPDR Portfolio Intermediate Term Corporate Bond ETF
SPIB
|
+$548M |
| 4 |
iShares Core Universal USD Bond ETF
IUSB
|
+$408M |
| 5 |
iShares S&P 500 Value ETF
IVE
|
+$368M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Vanguard Total Bond Market
BND
|
+$1.4B |
| 2 |
Vanguard Morningstar Total Stock Market ETF
VTI
|
+$380M |
| 3 |
iShares Core S&P 500 ETF
IVV
|
+$360M |
| 4 |
iShares Treasury Floating Rate Bond ETF
TFLO
|
+$298M |
| 5 |
iShares ESG Aware MSCI USA ETF
ESGU
|
+$149M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 7.21% |
| 2 | Financials | 3.26% |
| 3 | Healthcare | 2.83% |
| 4 | Consumer Discretionary | 2.64% |
| 5 | Industrials | 2.38% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
1351
CoStar Group
CSGP
$12.1B
| $9.71M | 0.01% |
100,472
+11,844
| +13% | +$1.02M |
|
1352
Fidelity National Financial
FNF
$13.9B
| $9.7M | 0.01% |
182,593
+26,090
| +17% | +$1.31M |
|
1353
CDW
CDW
$19.7B
| $9.69M | 0.01% |
37,901
+4,168
| +12% | +$990K |
|
1354
Schwab US Aggregate Bond ETF
SCHZ
$10.5B
| $9.68M | 0.01% |
420,914
-11,926
| -3% | -$274K |
|
1355
Manhattan Associates
MANH
$11B
| $9.67M | 0.01% |
38,637
+5,268
| +16% | +$1.25M |
|
|
AWF
1356
AllianceBernstein Global High Income Fund
AWF
$877M
| $9.66M | 0.01% |
910,071
+38,040
| +4% | +$395K |
|
1357
Best Buy
BBY
$18.2B
| $9.66M | 0.01% |
117,737
+2,575
| +2% | +$196K |
|
1358
iShares Core MSCI Europe ETF
IEUR
$9.09B
| $9.65M | 0.01% |
166,791
+18,052
| +12% | +$1M |
|
1359
Hubbell
HUBB
$26.5B
| $9.63M | 0.01% |
23,198
-921
| -4% | -$333K |
|
1360
Saba Closed-End Funds ETF
CEFS
$434M
| $9.6M | 0.01% |
464,231
+47,297
| +11% | +$925K |
|
|
QVMT
1361
Invesco S&P 500 Concentrated QVM ETF
QVMT
$137M
| $9.57M | 0.01% |
191,944
+8,062
| +4% | +$369K |
|
1362
First Trust India Nifty 50 Equal Weight ETF
NFTY
$119M
| $9.56M | 0.01% |
167,783
+86,690
| +107% | +$4.84M |
|
1363
Sunoco
SUN
$14B
| $9.56M | 0.01% |
158,508
+13,074
| +9% | +$791K |
|
1364
State Street SPDR S&P Capital Markets ETF
KCE
$472M
| $9.54M | 0.01% |
86,288
+40,604
| +89% | +$4.2M |
|
1365
VictoryShares US 500 Volatility Wtd ETF
CFA
$550M
| $9.54M | 0.01% |
117,205
-379,484
| -76% | -$29.2M |
|
1366
Pacer Data & Infrastructure Real Estate ETF
SRVR
$385M
| $9.53M | 0.01% |
332,774
-28,468
| -8% | -$821K |
|
1367
Invesco S&P MidCap 400 Pure Growth ETF
RFG
$351M
| $9.5M | 0.01% |
187,413
+24,022
| +15% | +$1.08M |
|
1368
Wabtec
WAB
$50.5B
| $9.5M | 0.01% |
65,205
+12,335
| +23% | +$1.67M |
|
1369
First Trust Dorsey Wright Dynamic Focus 5 ETF
FVC
$108M
| $9.48M | 0.01% |
274,827
-92,151
| -25% | -$3.09M |
|
1370
Nuveen Municipal Value Fund
NUV
$1.91B
| $9.48M | 0.01% |
1,088,846
+15,481
| +1% | +$135K |
|
1371
EQT Corp
EQT
$33B
| $9.48M | 0.01% |
255,814
+108,079
| +73% | +$3.87M |
|
|
BSMO
1372
DELISTED
Invesco BulletShares 2024 Municipal Bond ETF
BSMO
| $9.47M | 0.01% |
382,226
-69,376
| -15% | -$1.72M |
|
1373
Cambria Emerging Shareholder Yield ETF
EYLD
$866M
| $9.47M | 0.01% |
282,344
+26,273
| +10% | +$841K |
|
1374
Toll Brothers
TOL
$14.3B
| $9.46M | 0.01% |
73,111
+14,334
| +24% | +$1.56M |
|
|
ACV
1375
Virtus Diversified Income & Convertible Fund
ACV
$284M
| $9.46M | 0.01% |
394,840
-21,902
| -5% | -$492K |
|
Similar funds
LPL Financial's Q1 2024 Portfolio in Review
As of Q1 2024, LPL Financial held 5,089 positions worth $186B, up 13% from $165B the previous quarter. Its ten largest holdings account for 16% of the portfolio.
LPL Financial deployed $9.13B of net new capital in Q1 2024, opening 298 new positions and adding to 2,838 existing holdings. Its largest new stake was JPMorgan Global Select Equity ETF: 859,035 shares worth $49.3M.
By sector, the portfolio is most concentrated in Technology at 7.2% of assets, up from 6.9% a quarter earlier, followed by Financials and Healthcare.
On the sell side, the largest reduction was Vanguard Total Bond Market, an estimated $1.4B trimmed.
- LPL Financial's largest Q1 2024 buy was JPMorgan Global Select Equity ETF: 859,035 shares worth $49.3M.
- LPL Financial added most to iShares US Treasury Bond ETF in Q1 2024, an estimated $2.1B increase.
- LPL Financial's biggest Q1 2024 reduction was Vanguard Total Bond Market, cutting an estimated $1.4B.
- LPL Financial fully exited WisdomTree Emerging Currency Strategy Fund in Q1 2024, selling an estimated $13.1M.
- LPL Financial's ten largest holdings make up 16% of its $186B portfolio in Q1 2024.
- LPL Financial opened 298 new positions and closed 179 in Q1 2024.
- LPL Financial's portfolio value rose 13% quarter-over-quarter to $186B.
Based on LPL Financial's 13F filing for Q1 2024, filed 10 May 2024.