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 | |
|---|---|---|---|---|---|---|
1426
Saia
SAIA
$9.27B
| $11.6M | ﹤0.01% |
25,381
+4,679
| +23% | +$2.31M |
|
|
BLD
1427
DELISTED
TopBuild
BLD
| $11.6M | ﹤0.01% |
37,131
-3,015
| -8% | -$1.11M |
|
1428
Global X Copper Miners ETF NEW
COPX
$7.29B
| $11.6M | ﹤0.01% |
302,564
+29,213
| +11% | +$1.26M |
|
1429
VictoryShares Small Cap Free Cash Flow ETF
SFLO
$675M
| $11.5M | ﹤0.01% |
+432,714
| New | +$11.8M |
|
1430
Invesco S&P 500 Equal Weight Consumer Staples ETF
RSPS
$248M
| $11.5M | ﹤0.01% |
382,700
-311,262
| -45% | -$9.74M |
|
1431
American Century Quality Diversified International ETF
QINT
$665M
| $11.5M | ﹤0.01% |
240,636
-14,247
| -6% | -$710K |
|
1432
Avery Dennison
AVY
$13B
| $11.5M | ﹤0.01% |
61,490
+1,148
| +2% | +$234K |
|
1433
Schwab International Dividend Equity ETF
SCHY
$2.5B
| $11.5M | ﹤0.01% |
496,314
+281,430
| +131% | +$6.89M |
|
1434
Las Vegas Sands
LVS
$31.7B
| $11.5M | ﹤0.01% |
223,371
+49,982
| +29% | +$2.59M |
|
1435
Lamar Advertising Co
LAMR
$16.2B
| $11.4M | ﹤0.01% |
94,019
+9,455
| +11% | +$1.24M |
|
|
EVV
1436
Eaton Vance Limited Duration Income Fund
EVV
$1.06B
| $11.4M | ﹤0.01% |
1,170,586
+332,582
| +40% | +$3.4M |
|
|
PCF
1437
High Income Securities Fund
PCF
$98.8M
| $11.4M | ﹤0.01% |
1,748,815
+1,654,003
| +1,745% | +$11.1M |
|
1438
AGNC Investment
AGNC
$12.4B
| $11.4M | ﹤0.01% |
1,238,895
+131,954
| +12% | +$1.29M |
|
1439
Neuberger Option Strategy ETF
NBOS
$470M
| $11.4M | ﹤0.01% |
432,961
+238,584
| +123% | +$6.32M |
|
1440
Expedia Group
EXPE
$35.4B
| $11.4M | ﹤0.01% |
61,224
+9,498
| +18% | +$1.64M |
|
1441
Hartford Municipal Opportunities ETF
HMOP
$777M
| $11.4M | ﹤0.01% |
294,964
+86,300
| +41% | +$3.37M |
|
1442
First Trust Dow Jones Select MicroCap Index Fund
FDM
$261M
| $11.4M | ﹤0.01% |
167,123
+43,702
| +35% | +$2.97M |
|
1443
Invesco S&P SmallCap 600 Pure Value ETF
RZV
$290M
| $11.4M | ﹤0.01% |
102,273
-6,543
| -6% | -$735K |
|
1444
State Street
STT
$50.6B
| $11.4M | ﹤0.01% |
115,751
+24,585
| +27% | +$2.33M |
|
1445
FirstEnergy
FE
$28B
| $11.4M | ﹤0.01% |
285,578
+20,071
| +8% | +$839K |
|
1446
Schwab US REIT ETF
SCHH
$11.5B
| $11.3M | ﹤0.01% |
538,565
-14,350
| -3% | -$321K |
|
1447
Wheaton Precious Metals
WPM
$49.5B
| $11.3M | ﹤0.01% |
201,671
+22,139
| +12% | +$1.37M |
|
1448
Steel Dynamics
STLD
$36B
| $11.3M | ﹤0.01% |
99,417
+10,086
| +11% | +$1.34M |
|
1449
Invesco NASDAQ Next Gen 100 ETF
QQQJ
$1.12B
| $11.3M | ﹤0.01% |
367,041
+12,160
| +3% | +$378K |
|
1450
Toll Brothers
TOL
$13.6B
| $11.3M | ﹤0.01% |
89,784
-4,814
| -5% | -$715K |
|
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.