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 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 | |
|---|---|---|---|---|---|---|
126
Goldman Sachs ActiveBeta US Large Cap Equity ETF
GSLC
$14.8B
| $287M | 0.15% |
2,763,396
+252,000
| +10% | +$24.8M |
|
127
Capital Group Growth ETF
CGGR
$23.2B
| $287M | 0.15% |
8,965,011
+3,014,111
| +51% | +$90.6M |
|
128
Invesco S&P 500 Top 50 ETF
XLG
$10.2B
| $286M | 0.15% |
6,788,772
+1,234,501
| +22% | +$49.7M |
|
129
Caterpillar
CAT
$361B
| $284M | 0.15% |
776,220
-9,526
| -1% | -$3.04M |
|
130
Verizon
VZ
$197B
| $282M | 0.15% |
6,730,754
+166,136
| +3% | +$6.7M |
|
131
Vanguard Intermediate-Term Bond ETF
BIV
$28.9B
| $281M | 0.15% |
3,733,088
-205,240
| -5% | -$15.5M |
|
132
PepsiCo
PEP
$196B
| $281M | 0.15% |
1,606,282
+94,986
| +6% | +$16M |
|
133
iShares 7-10 Year Treasury Bond ETF
IEF
$47.2B
| $278M | 0.15% |
2,935,252
+380,952
| +15% | +$36.1M |
|
134
iShares iBoxx $ Investment Grade Corporate Bond ETF
LQD
$34.3B
| $278M | 0.15% |
2,547,842
-994,236
| -28% | -$108M |
|
135
Netflix
NFLX
$307B
| $274M | 0.15% |
4,516,920
+453,440
| +11% | +$25.6M |
|
136
State Street SPDR Portfolio Long Term Treasury ETF
SPTL
$10.5B
| $274M | 0.15% |
9,789,836
+254,754
| +3% | +$7.11M |
|
137
iShares MSCI EAFE ETF
EFA
$76.4B
| $262M | 0.14% |
3,281,472
-6,713
| -0.2% | -$513K |
|
138
Salesforce
CRM
$154B
| $261M | 0.14% |
868,191
+62,738
| +8% | +$18.1M |
|
|
139
iShares Treasury Floating Rate Bond ETF
TFLO
$6.54B
| $257M | 0.14% |
5,065,089
-5,893,227
| -54% | -$298M |
|
140
iShares Russell Mid-Cap ETF
IWR
$55.9B
| $256M | 0.14% |
3,046,497
+97,813
| +3% | +$7.75M |
|
141
Vanguard Mega Cap Growth ETF
MGK
$31.3B
| $256M | 0.14% |
4,457,610
+208,575
| +5% | +$11.5M |
|
142
Avantis US Small Cap Value ETF
AVUV
$30.3B
| $255M | 0.14% |
2,723,660
+65,434
| +2% | +$5.79M |
|
143
Advanced Micro Devices
AMD
$700B
| $251M | 0.13% |
1,390,856
+22,673
| +2% | +$3.96M |
|
144
PGIM Ultra Short Bond ETF
PULS
$17.7B
| $247M | 0.13% |
4,978,045
+863,645
| +21% | +$42.8M |
|
145
State Street Consumer Discretionary Select Sector SPDR ETF
XLY
$21.7B
| $246M | 0.13% |
2,680,734
+330,320
| +14% | +$29.4M |
|
146
Invesco S&P 500 Revenue ETF
RWL
$9.57B
| $245M | 0.13% |
2,614,464
+151,780
| +6% | +$13.4M |
|
147
Global X US Infrastructure Development ETF
PAVE
$13.5B
| $243M | 0.13% |
6,113,854
+683,805
| +13% | +$24.8M |
|
148
iShares 0-3 Month Treasury Bond ETF
SGOV
$99.4B
| $243M | 0.13% |
2,411,835
-124,227
| -5% | -$12.5M |
|
149
State Street Utilities Select Sector SPDR ETF
XLU
$23.1B
| $243M | 0.13% |
7,394,244
-174,980
| -2% | -$5.46M |
|
150
State Street Consumer Staples Select Sector SPDR ETF
XLP
$14.6B
| $243M | 0.13% |
3,177,462
-157,129
| -5% | -$11.6M |
|
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.