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 | |
|---|---|---|---|---|---|---|
126
State Street SPDR Portfolio Emerging Markets ETF
SPEM
$17B
| $387M | 0.16% |
10,086,404
+442,126
| +5% | +$17.8M |
|
127
State Street SPDR S&P Dividend ETF
SDY
$22.3B
| $378M | 0.15% |
2,861,694
+59,001
| +2% | +$8.24M |
|
128
Vanguard Mega Cap Growth ETF
MGK
$31.8B
| $371M | 0.15% |
5,404,375
+682,930
| +14% | +$46M |
|
129
First Trust Morningstar Dividend Leaders Index Fund
FDL
$7.9B
| $367M | 0.15% |
9,111,719
+656,768
| +8% | +$27.6M |
|
130
First Trust Smith Opportunistic Fixed Income ETF
FIXD
$3.24B
| $363M | 0.15% |
8,449,335
-981,030
| -10% | -$43M |
|
131
McDonald's
MCD
$194B
| $362M | 0.15% |
1,247,378
+73,519
| +6% | +$21.9M |
|
132
Salesforce
CRM
$149B
| $357M | 0.15% |
1,067,313
+135,154
| +14% | +$43.1M |
|
133
Janus Henderson AAA CLO ETF
JAAA
$29.1B
| $352M | 0.14% |
6,940,942
+1,827,523
| +36% | +$92.8M |
|
134
iShares 7-10 Year Treasury Bond ETF
IEF
$47.4B
| $342M | 0.14% |
3,702,913
+171,084
| +5% | +$16.2M |
|
135
PGIM Ultra Short Bond ETF
PULS
$17.7B
| $341M | 0.14% |
6,876,078
+719,161
| +12% | +$35.7M |
|
136
Vanguard Intermediate-Term Bond ETF
BIV
$29B
| $339M | 0.14% |
4,536,942
+668,720
| +17% | +$50.8M |
|
137
Invesco S&P 500 GARP ETF
SPGP
$2.26B
| $337M | 0.14% |
3,213,038
-161,329
| -5% | -$17.4M |
|
138
iShares iBoxx $ Investment Grade Corporate Bond ETF
LQD
$34.5B
| $331M | 0.13% |
3,102,280
+503,088
| +19% | +$55M |
|
139
Invesco S&P MidCap Momentum ETF
XMMO
$7.15B
| $331M | 0.13% |
2,679,516
+934,570
| +54% | +$119M |
|
140
Caterpillar
CAT
$387B
| $330M | 0.13% |
909,922
+30,284
| +3% | +$11.7M |
|
141
Goldman Sachs ActiveBeta US Large Cap Equity ETF
GSLC
$15B
| $328M | 0.13% |
2,848,039
+31,942
| +1% | +$3.71M |
|
142
Capital Group Core Equity ETF
CGUS
$11.2B
| $323M | 0.13% |
9,225,156
+2,556,396
| +38% | +$89.6M |
|
143
ProShares S&P 500 Dividend Aristocrats ETF
NOBL
$11.9B
| $319M | 0.13% |
6,405,132
+134,092
| +2% | +$7.05M |
|
144
Merck
MRK
$326B
| $319M | 0.13% |
3,203,995
+345,513
| +12% | +$35.6M |
|
145
Verizon
VZ
$201B
| $316M | 0.13% |
7,896,150
+407,978
| +5% | +$17.2M |
|
146
Bank of America
BAC
$439B
| $309M | 0.13% |
7,027,877
+466,051
| +7% | +$20.5M |
|
147
Oracle
ORCL
$346B
| $306M | 0.12% |
1,839,085
+226,135
| +14% | +$40.2M |
|
148
PepsiCo
PEP
$195B
| $304M | 0.12% |
1,996,931
+152,594
| +8% | +$25M |
|
149
PIMCO Enhanced Short Maturity Active Exchange-Traded Fund
MINT
$16.9B
| $300M | 0.12% |
2,990,051
+647,184
| +28% | +$65M |
|
150
iShares MSCI EAFE ETF
EFA
$76.8B
| $299M | 0.12% |
3,956,333
+260,781
| +7% | +$20.7M |
|
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.