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 | |
|---|---|---|---|---|---|---|
1401
State Street Multi-Asset Real Return ETF
RLY
$1.26B
| $12.1M | ﹤0.01% |
446,975
+78,636
| +21% | +$2.23M |
|
1402
Sprott Uranium Miners ETF
URNM
$1.76B
| $12.1M | ﹤0.01% |
299,086
+27,716
| +10% | +$1.29M |
|
1403
BlackRock Enhanced Equity Dividend Trust
BDJ
$1.73B
| $12.1M | ﹤0.01% |
1,455,651
+30,320
| +2% | +$264K |
|
1404
iShares Currency Hedged MSCI Eurozone ETF
HEZU
$570M
| $12.1M | ﹤0.01% |
336,267
+51,992
| +18% | +$1.87M |
|
1405
WisdomTree Bloomberg US Dollar Bullish Fund
USDU
$456M
| $12M | ﹤0.01% |
434,354
+138,184
| +47% | +$3.83M |
|
1406
Tyson Foods
TSN
$20.4B
| $12M | ﹤0.01% |
208,966
+4,266
| +2% | +$258K |
|
1407
WisdomTree Europe Hedged Equity Fund
HEDJ
$1.83B
| $12M | ﹤0.01% |
273,937
-192,993
| -41% | -$8.47M |
|
1408
BHP
BHP
$215B
| $12M | ﹤0.01% |
244,889
-53,870
| -18% | -$2.93M |
|
1409
JPMorgan BetaBuilders Canada ETF
BBCA
$10.9B
| $11.9M | ﹤0.01% |
169,286
+12,241
| +8% | +$891K |
|
1410
Bank of America Series L
BAC.PRL
$3.97B
| $11.9M | ﹤0.01% |
9,738
+631
| +7% | +$785K |
|
1411
Baker Hughes
BKR
$60B
| $11.9M | ﹤0.01% |
289,414
+105,878
| +58% | +$4.27M |
|
1412
iShares US Telecommunications ETF
IYZ
$1.2B
| $11.8M | ﹤0.01% |
441,129
+384,267
| +676% | +$10.3M |
|
1413
Invesco S&P 500 High Beta ETF
SPHB
$971M
| $11.8M | ﹤0.01% |
133,493
-10,406
| -7% | -$945K |
|
1414
VanEck Digital Transformation ETF
DAPP
$234M
| $11.8M | ﹤0.01% |
822,264
+175,390
| +27% | +$2.73M |
|
1415
JB Hunt Transport Services
JBHT
$25.5B
| $11.8M | ﹤0.01% |
69,200
+25,034
| +57% | +$4.47M |
|
1416
VanEck Inflation Allocation ETF
RAAX
$1.12B
| $11.8M | ﹤0.01% |
417,772
+44,397
| +12% | +$1.31M |
|
1417
Cohen & Steers Quality Income Realty Fund
RQI
$1.7B
| $11.8M | ﹤0.01% |
962,075
+214,071
| +29% | +$2.85M |
|
1418
Simplify Managed Futures Strategy ETF
CTA
$1.56B
| $11.7M | ﹤0.01% |
420,341
+93,967
| +29% | +$2.55M |
|
1419
iShares Morningstar Mid-Cap Value ETF
IMCV
$1.14B
| $11.7M | ﹤0.01% |
157,764
-5,601
| -3% | -$433K |
|
1420
Ameren
AEE
$30.3B
| $11.7M | ﹤0.01% |
131,200
+14,121
| +12% | +$1.26M |
|
1421
Fidelity Value Factor ETF
FVAL
$1.3B
| $11.7M | ﹤0.01% |
189,889
+48,329
| +34% | +$3.01M |
|
1422
Ollie's Bargain Outlet
OLLI
$4.44B
| $11.6M | ﹤0.01% |
106,980
+4,772
| +5% | +$475K |
|
1423
Davis Select Financial ETF
DFNL
$460M
| $11.6M | ﹤0.01% |
305,118
+36,382
| +14% | +$1.42M |
|
1424
Cohen & Steers Closed End Opportunity Fund
FOF
$377M
| $11.6M | ﹤0.01% |
913,599
+139,779
| +18% | +$1.81M |
|
1425
Everest Group
EG
$14.5B
| $11.6M | ﹤0.01% |
31,988
+8,675
| +37% | +$3.25M |
|
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.