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 | |
|---|---|---|---|---|---|---|
|
WBA
1676
DELISTED
Walgreens Boots Alliance
WBA
| $8.32M | ﹤0.01% |
891,616
-8,283
| -0.9% | -$76.9K |
|
1677
OGE Energy
OGE
$9.78B
| $8.31M | ﹤0.01% |
201,539
+8,293
| +4% | +$345K |
|
1678
Simplify Enhanced Income ETF
HIGH
$68.9M
| $8.3M | ﹤0.01% |
360,365
-78,976
| -18% | -$1.86M |
|
1679
Global X Data Center & Digital Infrastructure ETF
DTCR
$2.1B
| $8.28M | ﹤0.01% |
500,172
+177,825
| +55% | +$3.07M |
|
1680
Arbor Realty Trust
ABR
$964M
| $8.27M | ﹤0.01% |
596,920
+6,786
| +1% | +$99.9K |
|
1681
Humana
HUM
$43.7B
| $8.27M | ﹤0.01% |
32,579
-2,061
| -6% | -$553K |
|
1682
PUT
Citigroup
C
$222B
| $8.26M | ﹤0.01% |
117,400
-33,500
| -22% | -$2.26M |
|
1683
Principal Financial Group
PFG
$24.3B
| $8.26M | ﹤0.01% |
106,747
+4,478
| +4% | +$377K |
|
|
PFN
1684
PIMCO Income Strategy Fund II
PFN
$698M
| $8.26M | ﹤0.01% |
1,109,166
-18,235
| -2% | -$137K |
|
1685
First Trust Nasdaq Bank ETF
FTXO
$305M
| $8.25M | ﹤0.01% |
259,479
+25,003
| +11% | +$802K |
|
1686
State Street SPDR Portfolio Europe ETF
SPEU
$729M
| $8.19M | ﹤0.01% |
205,681
-27,428
| -12% | -$1.14M |
|
1687
First Trust Emerging Markets Local Currency Bond ETF
FEMB
$358M
| $8.19M | ﹤0.01% |
315,228
-424,820
| -57% | -$11.6M |
|
1688
Powell Industries
POWL
$7.6B
| $8.16M | ﹤0.01% |
110,424
+16,965
| +18% | +$1.52M |
|
1689
JPMorgan International Bond Opportunities ETF
JPIB
$2.1B
| $8.16M | ﹤0.01% |
172,592
+21,207
| +14% | +$1.01M |
|
1690
RBC Bearings
RBC
$17.4B
| $8.14M | ﹤0.01% |
26,833
+5,817
| +28% | +$1.79M |
|
1691
Boyd Gaming
BYD
$6.18B
| $8.14M | ﹤0.01% |
112,256
+82,258
| +274% | +$5.77M |
|
1692
BlackRock Credit Allocation Income Trust
BTZ
$930M
| $8.14M | ﹤0.01% |
778,180
+234,539
| +43% | +$2.55M |
|
1693
Willis Towers Watson
WTW
$31.2B
| $8.13M | ﹤0.01% |
25,951
+9,150
| +54% | +$2.81M |
|
1694
Keysight
KEYS
$54.5B
| $8.13M | ﹤0.01% |
50,596
+4,704
| +10% | +$758K |
|
1695
First Trust Dorsey Wright International Focus 5 ETF
IFV
$227M
| $8.12M | ﹤0.01% |
423,832
+6,985
| +2% | +$139K |
|
1696
AeroVironment
AVAV
$7.56B
| $8.12M | ﹤0.01% |
52,785
+13,899
| +36% | +$2.72M |
|
1697
Avantis US Large Cap Equity ETF
AVLC
$1.37B
| $8.12M | ﹤0.01% |
120,167
+11,004
| +10% | +$751K |
|
1698
DT Midstream
DTM
$14.1B
| $8.11M | ﹤0.01% |
81,602
+15,733
| +24% | +$1.5M |
|
1699
e.l.f. Beauty
ELF
$4.89B
| $8.11M | ﹤0.01% |
64,618
-13,236
| -17% | -$1.59M |
|
1700
Principal Exchange-Traded Funds Principal US Small-Cap ETF
PSC
$2.23B
| $8.1M | ﹤0.01% |
157,980
+42,352
| +37% | +$2.25M |
|
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.