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 | |
|---|---|---|---|---|---|---|
126
Avantis US Small Cap Value ETF
AVUV
$30.3B
| $305M | 0.15% |
3,398,849
+675,189
| +25% | +$61.1M |
|
127
PGIM Ultra Short Bond ETF
PULS
$17.7B
| $303M | 0.15% |
6,100,114
+1,122,069
| +23% | +$55.7M |
|
128
Vanguard Mega Cap Growth ETF
MGK
$31.8B
| $302M | 0.15% |
4,801,810
+344,200
| +8% | +$20.1M |
|
129
First Trust Morningstar Dividend Leaders Index Fund
FDL
$7.8B
| $299M | 0.15% |
7,888,179
-370,398
| -4% | -$14.1M |
|
130
Goldman Sachs ActiveBeta US Large Cap Equity ETF
GSLC
$14.9B
| $298M | 0.15% |
2,785,579
+22,183
| +0.8% | +$2.29M |
|
131
Pacer US Small Cap Cash Cows 100 ETF
CALF
$3.66B
| $294M | 0.15% |
6,760,400
+765,084
| +13% | +$35.2M |
|
132
iShares 0-3 Month Treasury Bond ETF
SGOV
$99.3B
| $291M | 0.15% |
2,893,811
+481,976
| +20% | +$48.4M |
|
133
Verizon
VZ
$198B
| $290M | 0.14% |
7,030,151
+299,397
| +4% | +$12.1M |
|
134
ProShares S&P 500 Dividend Aristocrats ETF
NOBL
$11.8B
| $289M | 0.14% |
6,022,430
-47,700
| -0.8% | -$2.34M |
|
135
iShares Treasury Floating Rate Bond ETF
TFLO
$6.54B
| $288M | 0.14% |
5,686,827
+621,738
| +12% | +$31.4M |
|
136
iShares MSCI EAFE ETF
EFA
$76.6B
| $288M | 0.14% |
3,672,670
+391,198
| +12% | +$31M |
|
137
McDonald's
MCD
$192B
| $282M | 0.14% |
1,105,675
+83,807
| +8% | +$22.2M |
|
138
PepsiCo
PEP
$191B
| $281M | 0.14% |
1,702,146
+95,864
| +6% | +$16.5M |
|
139
iShares Gold Trust
IAU
$63.3B
| $279M | 0.14% |
6,359,362
-699,649
| -10% | -$30.9M |
|
140
Vanguard Intermediate-Term Bond ETF
BIV
$28.9B
| $279M | 0.14% |
3,728,442
-4,646
| -0.1% | -$345K |
|
141
Caterpillar
CAT
$394B
| $278M | 0.14% |
836,044
+59,824
| +8% | +$20.7M |
|
142
Invesco S&P 500 Revenue ETF
RWL
$9.56B
| $274M | 0.14% |
2,962,457
+347,993
| +13% | +$31.9M |
|
143
State Street SPDR Portfolio Long Term Treasury ETF
SPTL
$10.6B
| $266M | 0.13% |
9,772,355
-17,481
| -0.2% | -$472K |
|
144
Lockheed Martin
LMT
$134B
| $258M | 0.13% |
552,709
+31,607
| +6% | +$14.6M |
|
145
Pfizer
PFE
$141B
| $258M | 0.13% |
9,223,764
+942,218
| +11% | +$25.9M |
|
146
iShares Russell Mid-Cap ETF
IWR
$56B
| $254M | 0.13% |
3,130,891
+84,394
| +3% | +$6.87M |
|
147
Bank of America
BAC
$435B
| $249M | 0.12% |
6,269,763
+283,671
| +5% | +$10.9M |
|
148
iShares iBoxx $ Investment Grade Corporate Bond ETF
LQD
$34.4B
| $247M | 0.12% |
2,302,876
-244,966
| -10% | -$26.1M |
|
149
Coca-Cola
KO
$361B
| $247M | 0.12% |
3,873,906
+294,500
| +8% | +$18.2M |
|
150
WisdomTree International Hedged Quality Dividend Growth Fund
IHDG
$2.2B
| $243M | 0.12% |
5,329,410
+1,709,809
| +47% | +$77.8M |
|
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.