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 | |
|---|---|---|---|---|---|---|
1401
State Street SPDR Dow Jones Global Real Estate ETF
RWO
$1.31B
| $9.73M | ﹤0.01% |
234,351
+3,450
| +1% | +$142K |
|
1402
iShares Currency Hedged MSCI ACWI ex US ETF
HAWX
$344M
| $9.7M | ﹤0.01% |
300,555
+3,283
| +1% | +$104K |
|
1403
VanEck Short Muni ETF
SMB
$312M
| $9.68M | ﹤0.01% |
569,543
+27,640
| +5% | +$469K |
|
1404
DexCom
DXCM
$28.8B
| $9.66M | ﹤0.01% |
85,175
+35
| +0% | +$4.42K |
|
1405
AES
AES
$10.6B
| $9.63M | ﹤0.01% |
547,890
-619,303
| -53% | -$11.8M |
|
1406
Fortive
FTV
$17.7B
| $9.62M | ﹤0.01% |
172,278
+19,148
| +13% | +$1.11M |
|
1407
Cooper Companies
COO
$14.2B
| $9.62M | ﹤0.01% |
110,165
+13,561
| +14% | +$1.27M |
|
1408
Pacer Swan SOS Fund of Funds ETF
PSFF
$591M
| $9.6M | ﹤0.01% |
345,588
+74,984
| +28% | +$2.04M |
|
1409
Nuveen Municipal Value Fund
NUV
$1.92B
| $9.59M | ﹤0.01% |
1,111,175
+22,329
| +2% | +$191K |
|
1410
FT Vest US Equity Buffer ETF November
FNOV
$1.21B
| $9.56M | ﹤0.01% |
207,747
+1,287
| +0.6% | +$57.9K |
|
1411
VictoryShares US 500 Volatility Wtd ETF
CFA
$539M
| $9.55M | ﹤0.01% |
120,367
+3,162
| +3% | +$251K |
|
1412
Western Alliance Bancorporation
WAL
$8.87B
| $9.51M | ﹤0.01% |
151,370
-19,389
| -11% | -$1.17M |
|
1413
State Street SPDR S&P Bank ETF
KBE
$1.64B
| $9.51M | ﹤0.01% |
204,965
-3,431
| -2% | -$156K |
|
1414
Toll Brothers
TOL
$14B
| $9.46M | ﹤0.01% |
82,113
+9,002
| +12% | +$1.09M |
|
1415
CAVA Group
CAVA
$7.74B
| $9.41M | ﹤0.01% |
101,459
+13,478
| +15% | +$1.04M |
|
|
DFSD
1416
Dimensional Short-Duration Fixed Income ETF
DFSD
$7.09B
| $9.4M | ﹤0.01% |
199,998
+12,222
| +7% | +$574K |
|
1417
Phillips Edison & Co
PECO
$5.45B
| $9.37M | ﹤0.01% |
286,494
-33,275
| -10% | -$1.09M |
|
1418
Jack Henry & Associates
JKHY
$11B
| $9.37M | ﹤0.01% |
56,443
+3,259
| +6% | +$541K |
|
1419
Ollie's Bargain Outlet
OLLI
$4.4B
| $9.36M | ﹤0.01% |
95,342
-1,933
| -2% | -$154K |
|
1420
State Street SPDR Global Dow ETF
DGT
$614M
| $9.33M | ﹤0.01% |
72,852
-8,853
| -11% | -$1.13M |
|
1421
Zebra Technologies
ZBRA
$13.7B
| $9.27M | ﹤0.01% |
30,001
-3,279
| -10% | -$997K |
|
1422
State Street SPDR S&P Global Natural Resources ETF
GNR
$4.84B
| $9.26M | ﹤0.01% |
165,860
-35,656
| -18% | -$2.07M |
|
1423
Teledyne Technologies
TDY
$30.1B
| $9.24M | ﹤0.01% |
23,827
+5,849
| +33% | +$2.32M |
|
1424
Texas Pacific Land
TPL
$27.2B
| $9.22M | ﹤0.01% |
37,671
+453
| +1% | +$95K |
|
1425
Schwab Fundamental US Small Company Index ETF
FNDA
$9.13B
| $9.21M | ﹤0.01% |
335,572
+33,748
| +11% | +$931K |
|
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.