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 | |
|---|---|---|---|---|---|---|
1626
Gaming and Leisure Properties
GLPI
$12.7B
| $8.95M | ﹤0.01% |
185,861
+43,850
| +31% | +$2.2M |
|
1627
Vanguard US Multifactor ETF
VFMF
$722M
| $8.94M | ﹤0.01% |
68,491
+30,645
| +81% | +$4.12M |
|
1628
Keurig Dr Pepper
KDP
$42.3B
| $8.94M | ﹤0.01% |
278,363
-10,069
| -3% | -$341K |
|
1629
Evercore
EVR
$12.4B
| $8.93M | ﹤0.01% |
32,213
+13,957
| +76% | +$3.95M |
|
1630
Curtiss-Wright
CW
$26.7B
| $8.9M | ﹤0.01% |
25,069
+9,939
| +66% | +$3.58M |
|
1631
HEICO Corp Class A
HEI.A
$36B
| $8.88M | ﹤0.01% |
47,744
+9,477
| +25% | +$1.91M |
|
|
FSGS
1632
First Trust SMID Growth Strength ETF
FSGS
$30.9M
| $8.84M | ﹤0.01% |
297,587
-95,504
| -24% | -$2.94M |
|
1633
Ferguson
FERG
$45.4B
| $8.81M | ﹤0.01% |
50,779
+387
| +0.8% | +$76.9K |
|
1634
Trex
TREX
$4.51B
| $8.8M | ﹤0.01% |
127,457
+28,176
| +28% | +$1.99M |
|
1635
Vanguard S&P Mid-Cap 400 Value ETF
IVOV
$1.34B
| $8.78M | ﹤0.01% |
91,865
+882
| +1% | +$87.2K |
|
1636
iShares MSCI USA Equal Weighted ETF
EUSA
$1.81B
| $8.78M | ﹤0.01% |
92,050
+20,638
| +29% | +$2.02M |
|
1637
PGIM Active High Yield Bond ETF
PHYL
$1.32B
| $8.75M | ﹤0.01% |
251,810
+194,477
| +339% | +$6.85M |
|
1638
Crocs
CROX
$6.14B
| $8.74M | ﹤0.01% |
79,839
+15,799
| +25% | +$1.84M |
|
1639
First Trust Europe AlphaDEX Fund
FEP
$526M
| $8.74M | ﹤0.01% |
244,145
-15,415
| -6% | -$573K |
|
1640
Western Midstream Partners
WES
$19.2B
| $8.73M | ﹤0.01% |
227,107
+32,628
| +17% | +$1.26M |
|
1641
Graham Holdings Company
GHC
$5.1B
| $8.73M | ﹤0.01% |
+10,007
| New | +$8.76M |
|
1642
iShares ESG Aware MSCI USA Small-Cap ETF
ESML
$2.82B
| $8.72M | ﹤0.01% |
207,304
+126
| +0.1% | +$5.45K |
|
1643
BlackRock Municipal 2030 Target Term Trust
BTT
$1.43B
| $8.71M | ﹤0.01% |
423,159
+22,700
| +6% | +$481K |
|
1644
Carvana
CVNA
$68.6B
| $8.69M | ﹤0.01% |
213,725
+15,335
| +8% | +$689K |
|
1645
Starwood Property Trust
STWD
$5.92B
| $8.68M | ﹤0.01% |
457,977
+10,136
| +2% | +$201K |
|
1646
Alerian MLP Index ETNs due January 28 2044
AMJB
$873M
| $8.67M | ﹤0.01% |
293,944
+92,138
| +46% | +$2.71M |
|
1647
SPS Commerce
SPSC
$2.64B
| $8.67M | ﹤0.01% |
46,561
+5,353
| +13% | +$1M |
|
1648
iShares Micro-Cap ETF
IWC
$1.44B
| $8.63M | ﹤0.01% |
66,221
+15,395
| +30% | +$2M |
|
1649
iShares Global Clean Energy ETF
ICLN
$2.31B
| $8.61M | ﹤0.01% |
756,753
-29,563
| -4% | -$374K |
|
|
K
1650
DELISTED
Kellanova
K
| $8.61M | ﹤0.01% |
106,325
+842
| +0.8% | +$68K |
|
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.