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 MSCI EAFE Value ETF
EFV
|
+$337M |
| 2 |
iShares Core Universal USD Bond ETF
IUSB
|
+$308M |
| 3 |
SPYM
State Street SPDR Portfolio S&P 500 ETF
SPYM
|
+$228M |
| 4 |
Microsoft
MSFT
|
+$197M |
| 5 |
Apple
AAPL
|
+$196M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
State Street Energy Select Sector SPDR ETF
XLE
|
+$89.7M |
| 2 |
iShares Currency Hedged MSCI EAFE ETF
HEFA
|
+$79.9M |
| 3 |
Invesco Russell 1000 Dynamic Multifactor ETF
OMFL
|
+$77.7M |
| 4 |
iShares Core MSCI Emerging Markets ETF
IEMG
|
+$48.7M |
| 5 |
iShares Russell Mid-Cap ETF
IWR
|
+$43.6M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 7.9% |
| 2 | Financials | 3.36% |
| 3 | Healthcare | 2.79% |
| 4 | Consumer Discretionary | 2.72% |
| 5 | Industrials | 2.38% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
151
John Hancock Multifactor Mid Cap ETF
JHMM
$5.96B
| $274M | 0.12% |
4,558,833
+243,928
| +6% | +$13.9M |
|
152
IBM
IBM
$214B
| $274M | 0.12% |
1,238,400
+32,952
| +3% | +$6.46M |
|
153
State Street SPDR Portfolio Mortgage Backed Bond ETF
SPMB
$7B
| $272M | 0.12% |
12,088,143
+1,518,064
| +14% | +$33.7M |
|
154
Union Pacific
UNP
$175B
| $264M | 0.12% |
1,070,709
+47,553
| +5% | +$11.5M |
|
|
HDV
155
iShares Core High Dividend ETF
HDV
$14.7B
| $263M | 0.12% |
11,180,135
+1,344,960
| +14% | +$30.8M |
|
156
RTX Corp
RTX
$295B
| $262M | 0.12% |
2,159,217
+72,525
| +3% | +$8.27M |
|
157
Bank of America
BAC
$439B
| $260M | 0.12% |
6,561,826
+292,063
| +5% | +$11.7M |
|
158
Janus Henderson AAA CLO ETF
JAAA
$29.1B
| $260M | 0.12% |
5,113,419
+1,423,564
| +39% | +$72.3M |
|
159
First Trust Smith Unconstrained Bond ETF
UCON
$3.27B
| $259M | 0.12% |
10,319,218
+2,207,155
| +27% | +$55M |
|
160
Salesforce
CRM
$149B
| $255M | 0.11% |
932,159
+22,338
| +2% | +$5.72M |
|
161
Vanguard Tax-Exempt Bond Index Fund
VTEB
$45.3B
| $255M | 0.11% |
4,990,070
+433,676
| +10% | +$22M |
|
162
Philip Morris
PM
$312B
| $251M | 0.11% |
2,067,129
+39,559
| +2% | +$4.6M |
|
163
NextEra Energy
NEE
$186B
| $251M | 0.11% |
2,966,471
+143,744
| +5% | +$11.2M |
|
|
164
Invesco Russell 1000 Dynamic Multifactor ETF
OMFL
$4.74B
| $249M | 0.11% |
4,693,031
-1,520,683
| -24% | -$77.7M |
|
165
Vanguard Small-Cap Value ETF
VBR
$37.7B
| $247M | 0.11% |
1,230,640
+80,279
| +7% | +$15.4M |
|
166
FT Vest S&P 500 Dividend Aristocrats Target Income ETF
KNG
$3.48B
| $247M | 0.11% |
4,525,106
+610,120
| +16% | +$32M |
|
167
Vanguard Mortgage-Backed Securities ETF
VMBS
$15.5B
| $245M | 0.11% |
5,180,600
+184,105
| +4% | +$8.58M |
|
168
State Street Consumer Discretionary Select Sector SPDR ETF
XLY
$21.9B
| $244M | 0.11% |
2,436,012
+75,398
| +3% | +$7.05M |
|
169
First Trust Dorsey Wright Focus 5 ETF
FV
$3.62B
| $244M | 0.11% |
4,187,814
-23,356
| -0.6% | -$1.31M |
|
170
Amgen
AMGN
$212B
| $242M | 0.11% |
751,945
+4,999
| +0.7% | +$1.64M |
|
171
Goldman Sachs ActiveBeta International Equity ETF
GSIE
$5.91B
| $240M | 0.11% |
6,648,623
-226,790
| -3% | -$7.89M |
|
172
iShares Preferred and Income Securities ETF
PFF
$13.2B
| $238M | 0.11% |
7,173,549
+651,611
| +10% | +$21M |
|
173
PIMCO Enhanced Short Maturity Active Exchange-Traded Fund
MINT
$16.9B
| $236M | 0.11% |
2,342,867
+83,614
| +4% | +$8.4M |
|
174
WisdomTree International Hedged Quality Dividend Growth Fund
IHDG
$2.22B
| $232M | 0.1% |
5,067,153
-262,257
| -5% | -$11.8M |
|
175
Cisco
CSCO
$456B
| $230M | 0.1% |
4,330,067
+99,270
| +2% | +$4.83M |
|
Similar funds
LPL Financial's Q3 2024 Portfolio in Review
As of Q3 2024, LPL Financial held 5,335 positions worth $224B, up 12% from $201B the previous quarter. Its ten largest holdings account for 16% of the portfolio.
LPL Financial deployed $12.1B of net new capital in Q3 2024, opening 324 new positions and adding to 3,037 existing holdings. Its largest new stake was AB International Low Volatility Equity ETF: 419,588 shares worth $15.4M.
By sector, the portfolio is most concentrated in Technology at 7.9% of assets, down from 8.1% a quarter earlier, followed by Financials and Healthcare.
On the sell side, the largest reduction was State Street Energy Select Sector SPDR ETF, an estimated $89.7M trimmed.
- LPL Financial's largest Q3 2024 buy was AB International Low Volatility Equity ETF: 419,588 shares worth $15.4M.
- LPL Financial added most to iShares MSCI EAFE Value ETF in Q3 2024, an estimated $337M increase.
- LPL Financial's biggest Q3 2024 reduction was State Street Energy Select Sector SPDR ETF, cutting an estimated $89.7M.
- LPL Financial fully exited Encore Wire Corp in Q3 2024, selling an estimated $15.2M.
- LPL Financial's ten largest holdings make up 16% of its $224B portfolio in Q3 2024.
- LPL Financial opened 324 new positions and closed 179 in Q3 2024.
- LPL Financial's portfolio value rose 12% quarter-over-quarter to $224B.
Based on LPL Financial's 13F filing for Q3 2024, filed 8 Nov 2024.