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 | |
|---|---|---|---|---|---|---|
1451
iShares MSCI France ETF
EWQ
$335M
| $11.3M | ﹤0.01% |
314,790
-162,785
| -34% | -$6.08M |
|
1452
State Street SPDR Bloomberg International Treasury Bond ETF
BWX
$1.33B
| $11.3M | ﹤0.01% |
527,610
-5,909
| -1% | -$130K |
|
1453
PUT
Apple
AAPL
$4.54T
| $11.3M | ﹤0.01% |
45,000
+2,600
| +6% | +$613K |
|
1454
BJs Wholesale Club
BJ
$12.5B
| $11.3M | ﹤0.01% |
126,093
+33,026
| +35% | +$2.99M |
|
1455
UGI
UGI
$7.74B
| $11.3M | ﹤0.01% |
398,820
+87,739
| +28% | +$2.28M |
|
1456
First Trust Horizon Managed Volatility Domestic ETF
HUSV
$75.9M
| $11.3M | ﹤0.01% |
301,200
-6,527
| -2% | -$251K |
|
1457
Cornerstone Strategic Value Fund
CLM
$2.22B
| $11.2M | ﹤0.01% |
1,327,389
+359,752
| +37% | +$2.97M |
|
1458
Global X Defense Tech ETF
SHLD
$7.05B
| $11.2M | ﹤0.01% |
299,701
+168,412
| +128% | +$6.51M |
|
1459
Lamb Weston
LW
$7.22B
| $11.2M | ﹤0.01% |
167,752
+34,827
| +26% | +$2.6M |
|
1460
Goldman Sachs Physical Gold ETF Shares
AAAU
$2.46B
| $11.2M | ﹤0.01% |
432,239
-44,637
| -9% | -$1.17M |
|
1461
Accel Entertainment
ACEL
$978M
| $11.2M | ﹤0.01% |
1,045,187
-1,740
| -0.2% | -$19.9K |
|
1462
Illumina
ILMN
$31B
| $11.1M | ﹤0.01% |
82,867
+16,339
| +25% | +$2.33M |
|
1463
Haleon
HLN
$43.5B
| $11.1M | ﹤0.01% |
1,160,459
+205,505
| +22% | +$2.01M |
|
1464
Dick's Sporting Goods
DKS
$17.5B
| $11.1M | ﹤0.01% |
48,328
+5,187
| +12% | +$1.09M |
|
1465
BlackRock Taxable Municipal Bond Trust
BBN
$978M
| $11M | ﹤0.01% |
684,672
+116,244
| +20% | +$1.94M |
|
1466
Teradyne
TER
$57.6B
| $11M | ﹤0.01% |
87,599
-3,768
| -4% | -$446K |
|
1467
CION Investment
CION
$297M
| $11M | ﹤0.01% |
967,240
-4,481
| -0.5% | -$52.3K |
|
1468
Federated Hermes US Strategic Dividend ETF
FDV
$848M
| $11M | ﹤0.01% |
414,076
+202,264
| +95% | +$5.61M |
|
1469
Timothy Plan US Large/Mid Cap Core ETF
TPLC
$306M
| $11M | ﹤0.01% |
256,808
+12,338
| +5% | +$548K |
|
1470
Vanguard S&P Small-Cap 600 Value ETF
VIOV
$1.85B
| $11M | ﹤0.01% |
117,802
+28,124
| +31% | +$2.68M |
|
1471
Robinhood
HOOD
$77.8B
| $11M | ﹤0.01% |
294,636
+145,954
| +98% | +$4.71M |
|
1472
Dynatrace
DT
$12.9B
| $11M | ﹤0.01% |
204,088
+40,004
| +24% | +$2.18M |
|
|
DFSD
1473
Dimensional Short-Duration Fixed Income ETF
DFSD
$7.09B
| $10.9M | ﹤0.01% |
233,287
+14,788
| +7% | +$700K |
|
1474
Sterling Infrastructure
STRL
$18.3B
| $10.9M | ﹤0.01% |
64,850
+6,903
| +12% | +$1.19M |
|
1475
Williams-Sonoma
WSM
$26.9B
| $10.9M | ﹤0.01% |
58,972
-479
| -0.8% | -$76K |
|
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.