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 | |
|---|---|---|---|---|---|---|
1701
Invesco BulletShares 2030 Municipal Bond ETF
BSMU
$274M
| $8.1M | ﹤0.01% |
372,800
+101,314
| +37% | +$2.22M |
|
1702
Rivian
RIVN
$22B
| $8.1M | ﹤0.01% |
608,684
-11,504
| -2% | -$132K |
|
1703
Align Technology
ALGN
$12.1B
| $8.09M | ﹤0.01% |
38,784
+2,437
| +7% | +$544K |
|
|
BTC
1704
Grayscale Bitcoin Mini Trust ETF
BTC
$3.33B
| $8.05M | ﹤0.01% |
192,291
-14,931
| -7% | -$550K |
|
|
ETHE
1705
Grayscale Ethereum Staking ETF Shares
ETHE
$1.51B
| $8.05M | ﹤0.01% |
287,202
+28,833
| +11% | +$745K |
|
1706
FT Vest Buffered Allocation Defensive ETF
BUFT
$155M
| $8.03M | ﹤0.01% |
357,950
+103,919
| +41% | +$2.32M |
|
1707
AB InBev
BUD
$170B
| $8.02M | ﹤0.01% |
160,261
+39,483
| +33% | +$2.28M |
|
1708
Performance Food Group
PFGC
$18B
| $7.99M | ﹤0.01% |
93,183
+25,192
| +37% | +$2.13M |
|
1709
Tapestry
TPR
$30.8B
| $7.99M | ﹤0.01% |
122,258
+1,791
| +1% | +$97.8K |
|
|
SHYM
1710
iShares Short Duration High Yield Muni Active ETF
SHYM
$795M
| $7.96M | ﹤0.01% |
351,461
+260,755
| +287% | +$5.98M |
|
1711
ALPS Strategic Income Fund
RIGS
$60.1M
| $7.94M | ﹤0.01% |
343,521
+48,470
| +16% | +$1.12M |
|
1712
Synchrony
SYF
$24.7B
| $7.94M | ﹤0.01% |
122,140
+12,896
| +12% | +$789K |
|
1713
Innovator US Equity Power Buffer ETF October
POCT
$963M
| $7.94M | ﹤0.01% |
200,648
+1,952
| +1% | +$77K |
|
1714
iShares Global Infrastructure ETF
IGF
$10.9B
| $7.94M | ﹤0.01% |
151,811
+20,949
| +16% | +$1.13M |
|
1715
iShares iBonds Dec 2028 Term Treasury ETF
IBTI
$1.88B
| $7.92M | ﹤0.01% |
361,796
+66,229
| +22% | +$1.46M |
|
1716
Toronto Dominion Bank
TD
$198B
| $7.92M | ﹤0.01% |
148,769
-66,591
| -31% | -$3.74M |
|
|
PHK
1717
PIMCO High Income Fund
PHK
$867M
| $7.9M | ﹤0.01% |
1,624,495
+571,384
| +54% | +$2.87M |
|
1718
Norwegian Cruise Line
NCLH
$8.51B
| $7.88M | ﹤0.01% |
306,141
-6,748
| -2% | -$171K |
|
1719
iShares Core 10+ Year USD Bond ETF
ILTB
$592M
| $7.88M | ﹤0.01% |
161,892
+35,561
| +28% | +$1.8M |
|
1720
State Street SPDR S&P Global Natural Resources ETF
GNR
$4.79B
| $7.87M | ﹤0.01% |
158,206
-3,447
| -2% | -$188K |
|
|
SCHQ
1721
Schwab Long-Term US Treasury ETF
SCHQ
$792M
| $7.86M | ﹤0.01% |
249,991
+2,029
| +0.8% | +$66.9K |
|
1722
Franklin International Aggregate Bond ETF
FLIA
$765M
| $7.86M | ﹤0.01% |
387,418
+31,819
| +9% | +$658K |
|
1723
WisdomTree Artificial Intelligence and Innovation Fund
WTAI
$587M
| $7.85M | ﹤0.01% |
356,703
+22,132
| +7% | +$473K |
|
1724
Invesco Senior Income Trust
VVR
$457M
| $7.84M | ﹤0.01% |
1,985,042
+119,987
| +6% | +$473K |
|
1725
Parsons
PSN
$4.72B
| $7.84M | ﹤0.01% |
84,990
+33,312
| +64% | +$3.4M |
|
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.