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 | |
|---|---|---|---|---|---|---|
1876
State Street SPDR MSCI EAFE Fossil Fuel Reserves Free ETF
EFAX
$503M
| $6.36M | ﹤0.01% |
159,842
+871
| +0.5% | +$36.2K |
|
1877
VanEck Short High Yield Muni ETF
SHYD
$451M
| $6.36M | ﹤0.01% |
282,928
-36,188
| -11% | -$820K |
|
1878
Invesco S&P 500 Equal Weight Consumer Discretionary ETF
RSPD
$317M
| $6.36M | ﹤0.01% |
118,984
-2,753
| -2% | -$147K |
|
1879
RB Global
RBA
$20.4B
| $6.34M | ﹤0.01% |
70,325
+1,462
| +2% | +$131K |
|
1880
Cleveland-Cliffs
CLF
$6.57B
| $6.33M | ﹤0.01% |
673,266
-161,994
| -19% | -$1.95M |
|
1881
State Street SPDR US Small Cap Low Volatility Index ETF
SMLV
$258M
| $6.32M | ﹤0.01% |
49,480
+3,183
| +7% | +$417K |
|
1882
VictoryShares US Small Cap High Div Volatility Wtd ETF
CSB
$269M
| $6.31M | ﹤0.01% |
106,247
-2,145
| -2% | -$130K |
|
1883
CALL
NVIDIA
NVDA
$4.86T
| $6.3M | ﹤0.01% |
46,900
+7,400
| +19% | +$1.02M |
|
1884
Baidu
BIDU
$37.7B
| $6.29M | ﹤0.01% |
74,597
-4,322
| -5% | -$395K |
|
1885
iShares MSCI Intl Momentum Factor ETF
IMTM
$4.13B
| $6.28M | ﹤0.01% |
167,934
+44,668
| +36% | +$1.74M |
|
1886
Griffon
GFF
$3.95B
| $6.27M | ﹤0.01% |
87,940
-2,550
| -3% | -$185K |
|
|
CHW
1887
Calamos Global Dynamic Income Fund
CHW
$530M
| $6.26M | ﹤0.01% |
927,740
+23,937
| +3% | +$169K |
|
1888
BlackRock Floating Rate Income Trust
BGT
$323M
| $6.25M | ﹤0.01% |
486,324
+78,573
| +19% | +$1.03M |
|
1889
RLI Corp
RLI
$5.62B
| $6.25M | ﹤0.01% |
75,852
+10,426
| +16% | +$866K |
|
1890
JPMorgan Core Plus Bond ETF
JCPB
$13.9B
| $6.24M | ﹤0.01% |
135,487
+375
| +0.3% | +$17.6K |
|
1891
iShares MSCI Germany ETF
EWG
$1.59B
| $6.24M | ﹤0.01% |
196,092
+118,159
| +152% | +$3.84M |
|
1892
Rubrik
RBRK
$14.9B
| $6.23M | ﹤0.01% |
95,271
+23,587
| +33% | +$1.17M |
|
1893
Exponent
EXPO
$3.24B
| $6.23M | ﹤0.01% |
69,873
+9,658
| +16% | +$973K |
|
1894
Teleflex
TFX
$6.05B
| $6.22M | ﹤0.01% |
34,931
+9,330
| +36% | +$1.92M |
|
1895
Inspire Small/Mid Cap Impact ETF
ISMD
$332M
| $6.21M | ﹤0.01% |
165,434
+7,098
| +4% | +$274K |
|
1896
Murphy USA
MUSA
$11.2B
| $6.2M | ﹤0.01% |
12,364
+3,486
| +39% | +$1.78M |
|
1897
Dillards
DDS
$9.19B
| $6.19M | ﹤0.01% |
14,338
-12
| -0.1% | -$4.92K |
|
1898
JD.com
JD
$44.6B
| $6.18M | ﹤0.01% |
178,370
+989
| +0.6% | +$38.3K |
|
1899
Teck Resources
TECK
$29.6B
| $6.17M | ﹤0.01% |
152,327
+7,400
| +5% | +$346K |
|
1900
Alcoa
AA
$11.9B
| $6.17M | ﹤0.01% |
163,391
+5,446
| +3% | +$226K |
|
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.