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 US Treasury Bond ETF
GOVT
|
+$2.1B |
| 2 |
BlackRock US Equity Factor Rotation ETF
DYNF
|
+$559M |
| 3 |
State Street SPDR Portfolio Intermediate Term Corporate Bond ETF
SPIB
|
+$548M |
| 4 |
iShares Core Universal USD Bond ETF
IUSB
|
+$408M |
| 5 |
iShares S&P 500 Value ETF
IVE
|
+$368M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Vanguard Total Bond Market
BND
|
+$1.4B |
| 2 |
Vanguard Total Stock Market ETF
VTI
|
+$380M |
| 3 |
iShares Core S&P 500 ETF
IVV
|
+$360M |
| 4 |
iShares Treasury Floating Rate Bond ETF
TFLO
|
+$298M |
| 5 |
iShares ESG Aware MSCI USA ETF
ESGU
|
+$149M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 7.21% |
| 2 | Financials | 3.26% |
| 3 | Healthcare | 2.83% |
| 4 | Consumer Discretionary | 2.64% |
| 5 | Industrials | 2.38% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
151
First Trust Dorsey Wright Focus 5 ETF
FV
$3.62B
| $239M | 0.13% |
4,171,450
+38,493
| +0.9% | +$2.08M |
|
152
Lockheed Martin
LMT
$134B
| $237M | 0.13% |
521,102
+9,409
| +2% | +$4.12M |
|
153
Union Pacific
UNP
$175B
| $236M | 0.13% |
960,549
+376,178
| +64% | +$92.6M |
|
|
154
iShares ESG Aware MSCI USA ETF
ESGU
$17.8B
| $230M | 0.12% |
2,000,926
-1,364,167
| -41% | -$149M |
|
155
Pfizer
PFE
$144B
| $230M | 0.12% |
8,281,546
+1,688,773
| +26% | +$46.9M |
|
156
Goldman Sachs ActiveBeta International Equity ETF
GSIE
$5.91B
| $229M | 0.12% |
6,687,452
+1,461,504
| +28% | +$48.4M |
|
157
John Hancock Multifactor Mid Cap ETF
JHMM
$5.96B
| $229M | 0.12% |
3,983,778
-16,623
| -0.4% | -$893K |
|
158
Bank of America
BAC
$439B
| $227M | 0.12% |
5,986,092
+114,753
| +2% | +$3.94M |
|
159
Vanguard Mortgage-Backed Securities ETF
VMBS
$15.5B
| $221M | 0.12% |
4,853,360
+200,700
| +4% | +$9.15M |
|
160
Coca-Cola
KO
$380B
| $219M | 0.12% |
3,579,406
+230,035
| +7% | +$13.8M |
|
161
Vanguard Small-Cap Value ETF
VBR
$37.7B
| $217M | 0.12% |
1,133,135
+32,082
| +3% | +$5.79M |
|
162
iShares Preferred and Income Securities ETF
PFF
$13.2B
| $216M | 0.12% |
6,702,981
+1,178,853
| +21% | +$37.6M |
|
163
IBM
IBM
$214B
| $211M | 0.11% |
1,105,812
+14,262
| +1% | +$2.6M |
|
164
iShares Currency Hedged MSCI EAFE ETF
HEFA
$7.51B
| $210M | 0.11% |
6,011,818
+4,745,617
| +375% | +$156M |
|
165
Adobe
ADBE
$99B
| $209M | 0.11% |
414,827
+12,425
| +3% | +$7.12M |
|
166
Vanguard Tax-Exempt Bond Index Fund
VTEB
$45.3B
| $209M | 0.11% |
4,121,881
+1,482,759
| +56% | +$75.2M |
|
167
State Street SPDR Portfolio Mortgage Backed Bond ETF
SPMB
$7B
| $208M | 0.11% |
9,557,773
+756,210
| +9% | +$16.4M |
|
168
Cisco
CSCO
$456B
| $208M | 0.11% |
4,157,644
+23,474
| +0.6% | +$1.17M |
|
169
WisdomTree US LargeCap Dividend Fund
DLN
$6.29B
| $207M | 0.11% |
2,869,386
-402,486
| -12% | -$27.6M |
|
170
Walt Disney
DIS
$172B
| $207M | 0.11% |
1,691,819
+76,677
| +5% | +$8.01M |
|
171
State Street SPDR Portfolio Short Term Treasury ETF
SPTS
$6.1B
| $206M | 0.11% |
7,113,663
-2,315,602
| -25% | -$67.1M |
|
|
HDV
172
iShares Core High Dividend ETF
HDV
$14.7B
| $204M | 0.11% |
9,271,275
+797,095
| +9% | +$16.8M |
|
173
Amgen
AMGN
$212B
| $193M | 0.1% |
679,963
-62,949
| -8% | -$18.4M |
|
174
RTX Corp
RTX
$295B
| $193M | 0.1% |
1,976,014
+129,416
| +7% | +$11.7M |
|
175
iShares Russell Mid-Cap Growth ETF
IWP
$19.6B
| $192M | 0.1% |
1,682,336
+41,932
| +3% | +$4.54M |
|
Similar funds
LPL Financial's Q1 2024 Portfolio in Review
As of Q1 2024, LPL Financial held 5,089 positions worth $186B, up 13% from $165B the previous quarter. Its ten largest holdings account for 16% of the portfolio.
LPL Financial deployed $9.13B of net new capital in Q1 2024, opening 298 new positions and adding to 2,838 existing holdings. Its largest new stake was JPMorgan Global Select Equity ETF: 859,035 shares worth $49.3M.
By sector, the portfolio is most concentrated in Technology at 7.2% of assets, up from 6.9% a quarter earlier, followed by Financials and Healthcare.
On the sell side, the largest reduction was Vanguard Total Bond Market, an estimated $1.4B trimmed.
- LPL Financial's largest Q1 2024 buy was JPMorgan Global Select Equity ETF: 859,035 shares worth $49.3M.
- LPL Financial added most to iShares US Treasury Bond ETF in Q1 2024, an estimated $2.1B increase.
- LPL Financial's biggest Q1 2024 reduction was Vanguard Total Bond Market, cutting an estimated $1.4B.
- LPL Financial fully exited WisdomTree Emerging Currency Strategy Fund in Q1 2024, selling an estimated $13.1M.
- LPL Financial's ten largest holdings make up 16% of its $186B portfolio in Q1 2024.
- LPL Financial opened 298 new positions and closed 179 in Q1 2024.
- LPL Financial's portfolio value rose 13% quarter-over-quarter to $186B.
Based on LPL Financial's 13F filing for Q1 2024, filed 10 May 2024.