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 S&P 500 Growth ETF
IVW
|
+$346M |
| 2 |
Apple
AAPL
|
+$225M |
| 3 |
iShares MSCI EAFE Growth ETF
EFG
|
+$223M |
| 4 |
Microsoft
MSFT
|
+$217M |
| 5 |
BlackRock US Equity Factor Rotation ETF
DYNF
|
+$181M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
iShares MSCI EAFE Value ETF
EFV
|
+$124M |
| 2 |
Vanguard Total Bond Market
BND
|
+$66.2M |
| 3 |
iShares ESG Aware MSCI USA ETF
ESGU
|
+$64.2M |
| 4 |
iShares Global Energy ETF
IXC
|
+$62.3M |
| 5 |
State Street Health Care Select Sector SPDR ETF
XLV
|
+$60.6M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 8.15% |
| 2 | Financials | 3.16% |
| 3 | Healthcare | 2.8% |
| 4 | Consumer Discretionary | 2.64% |
| 5 | Industrials | 2.29% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
151
Advanced Micro Devices
AMD
$851B
| $242M | 0.12% |
1,490,770
+99,914
| +7% | +$16.1M |
|
152
First Trust Dorsey Wright Focus 5 ETF
FV
$3.61B
| $241M | 0.12% |
4,211,170
+39,720
| +1% | +$2.22M |
|
153
John Hancock Multifactor Mid Cap ETF
JHMM
$5.89B
| $237M | 0.12% |
4,314,905
+331,127
| +8% | +$18.3M |
|
154
Adobe
ADBE
$89.5B
| $236M | 0.12% |
425,440
+10,613
| +3% | +$5.14M |
|
155
Salesforce
CRM
$134B
| $234M | 0.12% |
909,821
+41,630
| +5% | +$11.1M |
|
156
Amgen
AMGN
$203B
| $233M | 0.12% |
746,946
+66,983
| +10% | +$19.7M |
|
157
Qualcomm
QCOM
$176B
| $232M | 0.12% |
1,163,321
+109,549
| +10% | +$20.7M |
|
158
Union Pacific
UNP
$183B
| $231M | 0.12% |
1,023,156
+62,607
| +7% | +$14.7M |
|
159
Goldman Sachs ActiveBeta International Equity ETF
GSIE
$5.86B
| $231M | 0.12% |
6,875,413
+187,961
| +3% | +$6.4M |
|
160
State Street Consumer Staples Select Sector SPDR ETF
XLP
$14.2B
| $229M | 0.11% |
2,989,085
-188,377
| -6% | -$14.4M |
|
161
Vanguard Tax-Exempt Bond Index Fund
VTEB
$45.1B
| $228M | 0.11% |
4,556,394
+434,513
| +11% | +$21.7M |
|
162
State Street SPDR Portfolio Mortgage Backed Bond ETF
SPMB
$6.96B
| $228M | 0.11% |
10,570,079
+1,012,306
| +11% | +$21.6M |
|
163
PIMCO Enhanced Short Maturity Active Exchange-Traded Fund
MINT
$17B
| $227M | 0.11% |
2,259,253
+354,226
| +19% | +$35.6M |
|
164
Vanguard Mortgage-Backed Securities ETF
VMBS
$15.4B
| $227M | 0.11% |
4,996,495
+143,135
| +3% | +$6.44M |
|
165
State Street Consumer Discretionary Select Sector SPDR ETF
XLY
$21.3B
| $215M | 0.11% |
2,360,614
-320,120
| -12% | -$28.4M |
|
|
HDV
166
iShares Core High Dividend ETF
HDV
$14.4B
| $214M | 0.11% |
9,835,175
+563,900
| +6% | +$12.3M |
|
167
WisdomTree US LargeCap Dividend Fund
DLN
$6.24B
| $213M | 0.11% |
2,922,155
+52,769
| +2% | +$3.75M |
|
168
Oracle
ORCL
$331B
| $211M | 0.11% |
1,493,783
+206,061
| +16% | +$25.6M |
|
169
Global X US Infrastructure Development ETF
PAVE
$14.3B
| $210M | 0.1% |
5,672,205
-441,649
| -7% | -$16.9M |
|
170
Vanguard Small-Cap Value ETF
VBR
$37.1B
| $210M | 0.1% |
1,150,361
+17,226
| +2% | +$3.18M |
|
171
RTX Corp
RTX
$287B
| $209M | 0.1% |
2,086,692
+110,678
| +6% | +$11.4M |
|
172
IBM
IBM
$202B
| $208M | 0.1% |
1,205,448
+99,636
| +9% | +$17.3M |
|
173
iShares Preferred and Income Securities ETF
PFF
$13.2B
| $206M | 0.1% |
6,521,938
-181,043
| -3% | -$5.7M |
|
174
Philip Morris
PM
$301B
| $205M | 0.1% |
2,027,570
+128,025
| +7% | +$12.5M |
|
175
Cisco
CSCO
$450B
| $201M | 0.1% |
4,230,797
+73,153
| +2% | +$3.47M |
|
Similar funds
LPL Financial's Q2 2024 Portfolio in Review
As of Q2 2024, LPL Financial held 5,204 positions worth $201B, up 7.8% from $186B the previous quarter. Its ten largest holdings account for 17% of the portfolio.
LPL Financial deployed $11.6B of net new capital in Q2 2024, opening 296 new positions and adding to 3,022 existing holdings. Its largest new stake was AB Short Duration High Yield ETF: 1,874,937 shares worth $65.8M.
By sector, the portfolio is most concentrated in Technology at 8.1% of assets, up from 7.2% a quarter earlier, followed by Financials and Healthcare.
On the sell side, the largest reduction was iShares MSCI EAFE Value ETF, an estimated $124M trimmed.
- LPL Financial's largest Q2 2024 buy was AB Short Duration High Yield ETF: 1,874,937 shares worth $65.8M.
- LPL Financial added most to iShares S&P 500 Growth ETF in Q2 2024, an estimated $346M increase.
- LPL Financial's biggest Q2 2024 reduction was iShares MSCI EAFE Value ETF, cutting an estimated $124M.
- LPL Financial fully exited Pioneer Natural Resource Co. in Q2 2024, selling an estimated $30.9M.
- LPL Financial's ten largest holdings make up 17% of its $201B portfolio in Q2 2024.
- LPL Financial opened 296 new positions and closed 196 in Q2 2024.
- LPL Financial's portfolio value rose 7.8% quarter-over-quarter to $201B.
Based on LPL Financial's 13F filing for Q2 2024, filed 7 Aug 2024.