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 | |
|---|---|---|---|---|---|---|
1851
Sarepta Therapeutics
SRPT
$1.57B
| $6.5M | ﹤0.01% |
53,438
+5,895
| +12% | +$722K |
|
1852
State Street SPDR S&P Retail ETF
XRT
$449M
| $6.5M | ﹤0.01% |
81,619
+11,362
| +16% | +$900K |
|
|
AZPN
1853
DELISTED
Aspen Technology Inc
AZPN
| $6.48M | ﹤0.01% |
25,977
-4,015
| -13% | -$980K |
|
1854
Invesco International Corporate Bond ETF
PICB
$355M
| $6.48M | ﹤0.01% |
300,315
+94,870
| +46% | +$2.12M |
|
1855
State Street SPDR S&P International Dividend ETF
DWX
$529M
| $6.48M | ﹤0.01% |
185,326
-10,334
| -5% | -$377K |
|
1856
Texas Roadhouse
TXRH
$13.5B
| $6.47M | ﹤0.01% |
35,952
+12,275
| +52% | +$2.31M |
|
1857
PAR Technology
PAR
$699M
| $6.47M | ﹤0.01% |
88,991
+59,469
| +201% | +$4.07M |
|
1858
Coca-Cola Consolidated
COKE
$12.5B
| $6.46M | ﹤0.01% |
51,270
+9,790
| +24% | +$1.23M |
|
1859
Franklin Bitcoin ETF
EZBC
$372M
| $6.45M | ﹤0.01% |
119,153
+95,309
| +400% | +$4.59M |
|
1860
First Trust Japan AlphaDEX Fund
FJP
$249M
| $6.45M | ﹤0.01% |
124,847
+21,655
| +21% | +$1.13M |
|
1861
Avantis Real Estate ETF
AVRE
$872M
| $6.45M | ﹤0.01% |
153,877
+46,787
| +44% | +$2.09M |
|
1862
State Street SPDR MSCI Emerging Markets StrategicFactors ETF
QEMM
$54.5M
| $6.45M | ﹤0.01% |
113,040
-1,145
| -1% | -$69.3K |
|
1863
Xtrackers MSCI EAFE High Dividend Yield Equity ETF
HDEF
$2.34B
| $6.45M | ﹤0.01% |
265,427
+74,700
| +39% | +$1.89M |
|
|
DSL
1864
DoubleLine Income Solutions Fund
DSL
$1.22B
| $6.45M | ﹤0.01% |
512,844
-73,160
| -12% | -$930K |
|
1865
Schwab International Small-Cap Equity ETF
SCHC
$5.39B
| $6.45M | ﹤0.01% |
187,775
-16,907
| -8% | -$616K |
|
1866
First Trust SSI Strategic Convertible Securities ETF
FCVT
$113M
| $6.44M | ﹤0.01% |
175,117
-273
| -0.2% | -$10.1K |
|
1867
Urban Outfitters
URBN
$6.35B
| $6.44M | ﹤0.01% |
117,378
-3,402
| -3% | -$145K |
|
1868
Wynn Resorts
WYNN
$10.3B
| $6.44M | ﹤0.01% |
74,693
-2,422
| -3% | -$229K |
|
1869
First Trust Lunt US Factor Rotation ETF
FCTR
$53.6M
| $6.41M | ﹤0.01% |
194,698
+52,169
| +37% | +$1.72M |
|
1870
Invesco DB US Dollar Index Bullish Fund
UUP
$420M
| $6.41M | ﹤0.01% |
217,868
+128,279
| +143% | +$3.79M |
|
1871
AerCap
AER
$23.7B
| $6.4M | ﹤0.01% |
66,915
+30,884
| +86% | +$2.96M |
|
|
SF
1872
Stifel
SF
$12.6B
| $6.4M | ﹤0.01% |
86,913
+17,940
| +26% | +$1.28M |
|
1873
iShares Russell Top 200 Value ETF
IWX
$3.98B
| $6.39M | ﹤0.01% |
80,890
-360,613
| -82% | -$29.6M |
|
1874
Invesco S&P SmallCap 600 Pure Growth ETF
RZG
$142M
| $6.37M | ﹤0.01% |
128,620
-6,380
| -5% | -$332K |
|
1875
Rocket Lab Corp
RKLB
$40.6B
| $6.36M | ﹤0.01% |
249,873
+118,123
| +90% | +$2.07M |
|
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.