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 | |
|---|---|---|---|---|---|---|
|
176
iShares Russell Mid-Cap ETF
IWR
$56.5B
| $230M | 0.1% |
2,613,866
-517,025
| -17% | -$43.6M |
|
177
Global X US Infrastructure Development ETF
PAVE
$14.1B
| $230M | 0.1% |
5,584,797
-87,408
| -2% | -$3.36M |
|
178
JPMorgan BetaBuilders US Equity ETF
BBUS
$8.77B
| $230M | 0.1% |
2,215,723
+536,068
| +32% | +$53.5M |
|
179
Capital Group Core Equity ETF
CGUS
$11.2B
| $229M | 0.1% |
6,668,760
+1,755,050
| +36% | +$58M |
|
180
Palo Alto Networks
PANW
$260B
| $224M | 0.1% |
1,311,706
+162,648
| +14% | +$27.4M |
|
181
State Street SPDR Bloomberg 3-12 Month T-Bill ETF
BILS
$3.89B
| $224M | 0.1% |
2,247,660
+283,463
| +14% | +$28.1M |
|
182
Adobe
ADBE
$99B
| $221M | 0.1% |
426,883
+1,443
| +0.3% | +$791K |
|
183
Lowe's Companies
LOW
$122B
| $220M | 0.1% |
813,617
+30,740
| +4% | +$7.44M |
|
184
Qualcomm
QCOM
$172B
| $219M | 0.1% |
1,286,536
+123,215
| +11% | +$21.8M |
|
185
State Street SPDR S&P 600 Small Cap Growth ETF
SLYG
$5.08B
| $216M | 0.1% |
2,321,334
+46,942
| +2% | +$4.23M |
|
186
First Trust Preferred Securities and Income ETF
FPE
$6.33B
| $215M | 0.1% |
11,876,712
+1,035,105
| +10% | +$18.4M |
|
187
Vanguard Short-Term Corporate Bond ETF
VCSH
$44.7B
| $214M | 0.1% |
2,689,527
+111,503
| +4% | +$8.75M |
|
188
iShares 3-7 Year Treasury Bond ETF
IEI
$18.1B
| $214M | 0.1% |
1,785,428
+334,081
| +23% | +$39.5M |
|
189
WisdomTree US LargeCap Dividend Fund
DLN
$6.29B
| $213M | 0.09% |
2,710,278
-211,877
| -7% | -$16M |
|
190
iShares Russell Mid-Cap Growth ETF
IWP
$19.6B
| $213M | 0.09% |
1,814,140
+181,523
| +11% | +$20.3M |
|
191
Invesco S&P 500 Low Volatility ETF
SPLV
$7.28B
| $211M | 0.09% |
2,936,084
+410,392
| +16% | +$28.2M |
|
192
Invesco S&P MidCap Momentum ETF
XMMO
$7.15B
| $210M | 0.09% |
1,744,946
+282,112
| +19% | +$32.7M |
|
193
State Street US Sector Rotation ETF
XLSR
$1B
| $209M | 0.09% |
4,039,488
+166,370
| +4% | +$8.4M |
|
194
AT&T
T
$169B
| $207M | 0.09% |
9,400,282
+475,614
| +5% | +$9.46M |
|
195
Vanguard Large-Cap ETF
VV
$52B
| $204M | 0.09% |
773,827
-1,947
| -0.3% | -$494K |
|
196
Columbia Research Enhanced Core ETF
RECS
$5.95B
| $203M | 0.09% |
5,984,602
+2,029,508
| +51% | +$66.5M |
|
197
Dimensional World ex US Core Equity 2 ETF
DFAX
$11.7B
| $202M | 0.09% |
7,492,040
+116,080
| +2% | +$3.01M |
|
198
FT Vest Fund of Nasdaq-100 Buffer ETFs
BUFQ
$1.49B
| $201M | 0.09% |
6,632,740
+1,044,334
| +19% | +$30.9M |
|
199
JPMorgan US Quality Factor ETF
JQUA
$8.19B
| $200M | 0.09% |
3,539,316
+510,409
| +17% | +$27.7M |
|
200
TSMC
TSM
$2.03T
| $200M | 0.09% |
1,149,145
+172,918
| +18% | +$29.5M |
|
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.