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 US Treasury Bond ETF
GOVT
|
+$2.1B |
| 2 |
BlackRock US Equity Factor Rotation ETF
DYNF
|
+$559M |
| 3 |
State Street SPDR Portfolio Intermediate Term Corporate Bond ETF
SPIB
|
+$548M |
| 4 |
iShares Core Universal USD Bond ETF
IUSB
|
+$408M |
| 5 |
iShares S&P 500 Value ETF
IVE
|
+$368M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Vanguard Total Bond Market
BND
|
+$1.4B |
| 2 |
Vanguard Morningstar Total Stock Market ETF
VTI
|
+$380M |
| 3 |
iShares Core S&P 500 ETF
IVV
|
+$360M |
| 4 |
iShares Treasury Floating Rate Bond ETF
TFLO
|
+$298M |
| 5 |
iShares ESG Aware MSCI USA ETF
ESGU
|
+$149M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 7.21% |
| 2 | Financials | 3.26% |
| 3 | Healthcare | 2.83% |
| 4 | Consumer Discretionary | 2.64% |
| 5 | Industrials | 2.38% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
FT
1976
Franklin Universal Trust
FT
$198M
| $3.91M | ﹤0.01% |
588,476
+78,671
| +15% | +$514K |
|
1977
Exponent
EXPO
$3.24B
| $3.9M | ﹤0.01% |
47,129
-3,580
| -7% | -$296K |
|
1978
National Fuel Gas
NFG
$7.65B
| $3.89M | ﹤0.01% |
72,471
-7,048
| -9% | -$348K |
|
1979
Goldman Sachs Physical Gold ETF Shares
AAAU
$2.64B
| $3.89M | ﹤0.01% |
176,678
+10,262
| +6% | +$211K |
|
1980
First Trust Emerging Markets Equity Select ETF
RNEM
$17.2M
| $3.88M | ﹤0.01% |
74,864
-18,162
| -20% | -$924K |
|
|
JHG
1981
DELISTED
Janus Henderson
JHG
| $3.87M | ﹤0.01% |
117,806
+9,176
| +8% | +$281K |
|
1982
FlexShares US Quality Low Volatility Index Fund
QLV
$167M
| $3.87M | ﹤0.01% |
63,552
+6,721
| +12% | +$394K |
|
1983
CubeSmart
CUBE
$9.4B
| $3.87M | ﹤0.01% |
85,546
-2,329
| -3% | -$103K |
|
1984
State Street SPDR S&P Transportation ETF
XTN
$400M
| $3.85M | ﹤0.01% |
45,469
-3,357
| -7% | -$274K |
|
1985
Fidelity Corporate Bond ETF
FCOR
$348M
| $3.85M | ﹤0.01% |
82,858
-6,108
| -7% | -$283K |
|
1986
Innovator US Equity Buffer ETF November
BNOV
$215M
| $3.85M | ﹤0.01% |
105,458
+28,273
| +37% | +$1.01M |
|
1987
Vanguard Total Corporate Bond ETF
VTC
$1.72B
| $3.85M | ﹤0.01% |
50,217
+5,245
| +12% | +$401K |
|
1988
Fidelity Enhanced Large Cap Core ETF
FELC
$8.27B
| $3.84M | ﹤0.01% |
130,312
-12,292
| -9% | -$344K |
|
1989
PUT
EQT Corp
EQT
$32.4B
| $3.84M | ﹤0.01% |
+1,035
| New | +$37.1K |
|
1990
Capital Southwest
CSWC
$1.61B
| $3.83M | ﹤0.01% |
153,500
+8,104
| +6% | +$198K |
|
1991
PUT
Microsoft
MSFT
$3.72T
| $3.83M | ﹤0.01% |
91
-8,909
| -99% | -$3.61M |
|
1992
Fortune Brands Innovations
FBIN
$6.08B
| $3.83M | ﹤0.01% |
45,212
+1,170
| +3% | +$93K |
|
1993
CBRE Group
CBRE
$43.1B
| $3.82M | ﹤0.01% |
39,295
-360
| -0.9% | -$32.3K |
|
1994
VeriSign
VRSN
$26.6B
| $3.81M | ﹤0.01% |
20,127
+2,336
| +13% | +$459K |
|
1995
Guidewire Software
GWRE
$14.2B
| $3.81M | ﹤0.01% |
32,617
+7,584
| +30% | +$867K |
|
1996
Dorian LPG
LPG
$1.94B
| $3.8M | ﹤0.01% |
98,902
+22,376
| +29% | +$863K |
|
1997
First Trust NASDAQ ABA Community Bank Index Fund
QABA
$92.9M
| $3.8M | ﹤0.01% |
81,708
-29,920
| -27% | -$1.38M |
|
1998
iShares iBonds Dec 2028 Term Treasury ETF
IBTI
$1.92B
| $3.8M | ﹤0.01% |
173,330
-53,504
| -24% | -$1.18M |
|
1999
Weatherford International
WFRD
$6.22B
| $3.8M | ﹤0.01% |
32,928
+6,949
| +27% | +$705K |
|
2000
Live Nation Entertainment
LYV
$42B
| $3.8M | ﹤0.01% |
35,913
+233
| +0.7% | +$22K |
|
Similar funds
LPL Financial's Q1 2024 Portfolio in Review
As of Q1 2024, LPL Financial held 5,089 positions worth $186B, up 13% from $165B the previous quarter. Its ten largest holdings account for 16% of the portfolio.
LPL Financial deployed $9.13B of net new capital in Q1 2024, opening 298 new positions and adding to 2,838 existing holdings. Its largest new stake was JPMorgan Global Select Equity ETF: 859,035 shares worth $49.3M.
By sector, the portfolio is most concentrated in Technology at 7.2% of assets, up from 6.9% a quarter earlier, followed by Financials and Healthcare.
On the sell side, the largest reduction was Vanguard Total Bond Market, an estimated $1.4B trimmed.
- LPL Financial's largest Q1 2024 buy was JPMorgan Global Select Equity ETF: 859,035 shares worth $49.3M.
- LPL Financial added most to iShares US Treasury Bond ETF in Q1 2024, an estimated $2.1B increase.
- LPL Financial's biggest Q1 2024 reduction was Vanguard Total Bond Market, cutting an estimated $1.4B.
- LPL Financial fully exited WisdomTree Emerging Currency Strategy Fund in Q1 2024, selling an estimated $13.1M.
- LPL Financial's ten largest holdings make up 16% of its $186B portfolio in Q1 2024.
- LPL Financial opened 298 new positions and closed 179 in Q1 2024.
- LPL Financial's portfolio value rose 13% quarter-over-quarter to $186B.
Based on LPL Financial's 13F filing for Q1 2024, filed 10 May 2024.