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 | |
|---|---|---|---|---|---|---|
151
Lockheed Martin
LMT
$134B
| $296M | 0.12% |
610,148
+39,927
| +7% | +$21.8M |
|
152
JPMorgan Active Growth ETF
JGRO
$9.24B
| $295M | 0.12% |
3,643,903
+1,099,313
| +43% | +$88.4M |
|
153
First Trust Smith Unconstrained Bond ETF
UCON
$3.27B
| $295M | 0.12% |
11,963,596
+1,644,378
| +16% | +$40.8M |
|
154
IBM
IBM
$214B
| $289M | 0.12% |
1,315,289
+76,889
| +6% | +$17.1M |
|
155
State Street SPDR Portfolio Mortgage Backed Bond ETF
SPMB
$7B
| $286M | 0.12% |
13,264,447
+1,176,304
| +10% | +$25.8M |
|
156
State Street Consumer Staples Select Sector SPDR ETF
XLP
$14.6B
| $283M | 0.11% |
3,595,006
+225,240
| +7% | +$18.3M |
|
157
Pacer US Small Cap Cash Cows 100 ETF
CALF
$3.73B
| $282M | 0.11% |
6,403,570
-508,731
| -7% | -$23.5M |
|
158
Columbia Research Enhanced Core ETF
RECS
$5.95B
| $280M | 0.11% |
8,093,718
+2,109,116
| +35% | +$74M |
|
159
Vanguard Mortgage-Backed Securities ETF
VMBS
$15.5B
| $274M | 0.11% |
6,047,503
+866,903
| +17% | +$39.9M |
|
160
Global X US Infrastructure Development ETF
PAVE
$14.1B
| $274M | 0.11% |
6,776,463
+1,191,666
| +21% | +$51.1M |
|
161
Palo Alto Networks
PANW
$260B
| $273M | 0.11% |
1,502,123
+190,417
| +15% | +$36M |
|
162
iShares Russell Mid-Cap Growth ETF
IWP
$19.6B
| $273M | 0.11% |
2,154,407
+340,267
| +19% | +$43.3M |
|
163
John Hancock Multifactor Mid Cap ETF
JHMM
$5.96B
| $273M | 0.11% |
4,564,840
+6,007
| +0.1% | +$371K |
|
164
State Street SPDR Portfolio Long Term Treasury ETF
SPTL
$10.7B
| $272M | 0.11% |
10,389,606
-622,335
| -6% | -$17M |
|
165
Vanguard Tax-Exempt Bond Index Fund
VTEB
$45.3B
| $271M | 0.11% |
5,411,784
+421,714
| +8% | +$21.3M |
|
166
Palantir
PLTR
$296B
| $271M | 0.11% |
3,580,274
+479,754
| +15% | +$27.9M |
|
167
Coca-Cola
KO
$380B
| $270M | 0.11% |
4,340,579
+191,712
| +5% | +$12.5M |
|
168
Cisco
CSCO
$456B
| $268M | 0.11% |
4,527,548
+197,481
| +5% | +$11.3M |
|
|
HDV
169
iShares Core High Dividend ETF
HDV
$14.7B
| $267M | 0.11% |
11,897,775
+717,640
| +6% | +$16.9M |
|
170
Philip Morris
PM
$312B
| $266M | 0.11% |
2,213,298
+146,169
| +7% | +$18.4M |
|
171
iShares Treasury Floating Rate Bond ETF
TFLO
$6.54B
| $266M | 0.11% |
5,273,176
-315,540
| -6% | -$15.9M |
|
172
iShares Preferred and Income Securities ETF
PFF
$13.2B
| $266M | 0.11% |
8,451,693
+1,278,144
| +18% | +$41.7M |
|
173
Pfizer
PFE
$144B
| $265M | 0.11% |
9,977,003
-24,239
| -0.2% | -$657K |
|
174
First Trust Dorsey Wright Focus 5 ETF
FV
$3.62B
| $264M | 0.11% |
4,465,129
+277,315
| +7% | +$16.6M |
|
175
RTX Corp
RTX
$295B
| $262M | 0.11% |
2,266,182
+106,965
| +5% | +$12.9M |
|
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.