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 | |
|---|---|---|---|---|---|---|
1976
Davis Select Worldwide ETF
DWLD
$608M
| $5.09M | ﹤0.01% |
134,425
+22,480
| +20% | +$765K |
|
1977
XPO
XPO
$23.5B
| $5.08M | ﹤0.01% |
47,216
+4,303
| +10% | +$482K |
|
1978
RLI Corp
RLI
$5.62B
| $5.07M | ﹤0.01% |
65,426
+1,544
| +2% | +$114K |
|
1979
Thomson Reuters
TRI
$42.8B
| $5.07M | ﹤0.01% |
29,253
+2,693
| +10% | +$455K |
|
1980
First Trust Horizon Managed Volatility Developed International ETF
HDMV
$17.6M
| $5.06M | ﹤0.01% |
160,658
+9,422
| +6% | +$285K |
|
|
GUT
1981
Gabelli Utility Trust
GUT
$569M
| $5.06M | ﹤0.01% |
973,364
-88,011
| -8% | -$509K |
|
1982
ScottsMiracle-Gro
SMG
$3.82B
| $5.06M | ﹤0.01% |
58,317
+4,856
| +9% | +$341K |
|
1983
CRISPR Therapeutics
CRSP
$4.73B
| $5.05M | ﹤0.01% |
107,494
-8,597
| -7% | -$436K |
|
1984
Healthcare Realty
HR
$7.28B
| $5.05M | ﹤0.01% |
278,235
+8,083
| +3% | +$143K |
|
1985
TransUnion
TRU
$15.1B
| $5.05M | ﹤0.01% |
48,219
+30,111
| +166% | +$2.71M |
|
1986
Avantis Real Estate ETF
AVRE
$872M
| $5.05M | ﹤0.01% |
107,090
+38,879
| +57% | +$1.74M |
|
1987
IQ ARB Merger Arbitrage ETF
MNA
$252M
| $5.04M | ﹤0.01% |
153,382
-2,631
| -2% | -$85.2K |
|
1988
Invesco Dorsey Wright Healthcare Momentum ETF
PTH
$221M
| $5.04M | ﹤0.01% |
108,500
+5,306
| +5% | +$241K |
|
1989
Bright Horizons
BFAM
$3.92B
| $5.04M | ﹤0.01% |
35,960
+5,339
| +17% | +$691K |
|
1990
UBS Group
UBS
$173B
| $5.02M | ﹤0.01% |
162,503
-8,332
| -5% | -$250K |
|
|
PENG
1991
Penguin Solutions Inc
PENG
$2.7B
| $5.02M | ﹤0.01% |
239,694
+66,184
| +38% | +$1.42M |
|
1992
Invesco S&P SmallCap Information Technology ETF
PSCT
$498M
| $5.01M | ﹤0.01% |
104,683
-5,793
| -5% | -$271K |
|
1993
Wingstop
WING
$3.53B
| $5.01M | ﹤0.01% |
12,042
+3,747
| +45% | +$1.46M |
|
1994
iShares MSCI Intl Momentum Factor ETF
IMTM
$4.13B
| $4.98M | ﹤0.01% |
123,266
+10,464
| +9% | +$409K |
|
1995
State Street SPDR S&P Pharmaceuticals ETF
XPH
$476M
| $4.98M | ﹤0.01% |
112,168
-1,553
| -1% | -$66.5K |
|
1996
Curtiss-Wright
CW
$26.7B
| $4.97M | ﹤0.01% |
15,130
+2,941
| +24% | +$870K |
|
1997
NiSource
NI
$21.3B
| $4.97M | ﹤0.01% |
143,526
-29,499
| -17% | -$941K |
|
1998
Ryanair
RYAAY
$30.4B
| $4.96M | ﹤0.01% |
109,704
+5,211
| +5% | +$226K |
|
1999
T. Rowe Price Small-Mid Cap ETF
TMSL
$2.73B
| $4.95M | ﹤0.01% |
+152,630
| New | +$4.76M |
|
2000
Willis Towers Watson
WTW
$31.2B
| $4.95M | ﹤0.01% |
16,801
+1,450
| +9% | +$406K |
|
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.