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 | |
|---|---|---|---|---|---|---|
1751
Quest Diagnostics
DGX
$25.7B
| $7.57M | ﹤0.01% |
50,166
-2,863
| -5% | -$445K |
|
1752
AGF US Market Neutral Anti-Beta Fund
BTAL
$304M
| $7.56M | ﹤0.01% |
409,208
-41,085
| -9% | -$790K |
|
1753
Waters Corp
WAT
$37B
| $7.55M | ﹤0.01% |
20,364
+5,078
| +33% | +$1.86M |
|
1754
Timothy Plan US Small Cap Core ETF
TPSC
$360M
| $7.54M | ﹤0.01% |
193,150
+50,938
| +36% | +$2.04M |
|
1755
Fidelity MSCI Communication Services Index ETF
FCOM
$1.77B
| $7.51M | ﹤0.01% |
128,004
+24,852
| +24% | +$1.44M |
|
1756
EPAM Systems
EPAM
$5.51B
| $7.51M | ﹤0.01% |
32,107
+7,711
| +32% | +$1.72M |
|
1757
AdvisorShares Focused Equity ETF
CWS
$134M
| $7.5M | ﹤0.01% |
115,772
-3,061
| -3% | -$211K |
|
1758
ALPS Equal Sector Weight ETF
EQL
$757M
| $7.5M | ﹤0.01% |
179,538
+15,927
| +10% | +$684K |
|
1759
FT Vest US Equity Moderate Buffer ETF March
GMAR
$397M
| $7.49M | ﹤0.01% |
199,969
+174,169
| +675% | +$6.48M |
|
1760
AST SpaceMobile
ASTS
$17.6B
| $7.48M | ﹤0.01% |
354,700
-51,835
| -13% | -$1.27M |
|
|
WCN
1761
Waste Connections
WCN
$42.2B
| $7.47M | ﹤0.01% |
43,564
+9,240
| +27% | +$1.68M |
|
1762
Cambria Global Asset Allocation ETF
GAA
$72.1M
| $7.45M | ﹤0.01% |
260,406
-2,667
| -1% | -$77.6K |
|
1763
Amplify Etho Climate Leadership US ETF
ETHO
$186M
| $7.45M | ﹤0.01% |
124,704
-4,284
| -3% | -$262K |
|
1764
Putnam Focused Large Cap Growth ETF
PGRO
$110M
| $7.43M | ﹤0.01% |
191,670
-11,287
| -6% | -$427K |
|
1765
FT Vest US Equity Buffer ETF January
FJAN
$1.43B
| $7.42M | ﹤0.01% |
161,741
+10,784
| +7% | +$489K |
|
1766
Universal Display
OLED
$3.68B
| $7.41M | ﹤0.01% |
50,671
+9,325
| +23% | +$1.66M |
|
|
THQ
1767
abrdn Healthcare Opportunities Fund
THQ
$777M
| $7.4M | ﹤0.01% |
392,000
+65,646
| +20% | +$1.36M |
|
1768
iShares iBonds Dec 2030 Term Corporate ETF
IBDV
$3.26B
| $7.39M | ﹤0.01% |
346,148
+84,106
| +32% | +$1.82M |
|
1769
HDFC Bank
HDB
$123B
| $7.39M | ﹤0.01% |
231,552
+34,346
| +17% | +$1.1M |
|
1770
EMQQ The Emerging Markets Internet & Ecommerce ETF
EMQQ
$275M
| $7.39M | ﹤0.01% |
214,332
+6,219
| +3% | +$236K |
|
1771
Freshpet
FRPT
$2.93B
| $7.38M | ﹤0.01% |
48,858
-14,529
| -23% | -$2.12M |
|
1772
Nu Holdings
NU
$69.2B
| $7.35M | ﹤0.01% |
709,287
+244,879
| +53% | +$3.26M |
|
1773
Innovator US Equity Power Buffer ETF September
PSEP
$846M
| $7.35M | ﹤0.01% |
187,937
+1,110
| +0.6% | +$43.3K |
|
1774
Steris
STE
$22.3B
| $7.34M | ﹤0.01% |
35,704
-69,976
| -66% | -$15.4M |
|
1775
CDW
CDW
$18.9B
| $7.33M | ﹤0.01% |
42,132
+2,503
| +6% | +$486K |
|
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.