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 | |
|---|---|---|---|---|---|---|
1976
ProShares UltraPro QQQ
TQQQ
$32.1B
| $5.7M | ﹤0.01% |
143,950
+19,368
| +16% | +$763K |
|
1977
Vodafone
VOD
$36.3B
| $5.69M | ﹤0.01% |
670,785
-80,310
| -11% | -$731K |
|
1978
Mettler-Toledo International
MTD
$28.6B
| $5.69M | ﹤0.01% |
4,646
+953
| +26% | +$1.24M |
|
1979
Innovator US Equity Power Buffer ETF August
PAUG
$861M
| $5.68M | ﹤0.01% |
147,493
-8,092
| -5% | -$310K |
|
1980
T. Rowe Price Dividend Growth ETF
TDVG
$1.42B
| $5.67M | ﹤0.01% |
143,289
+104,455
| +269% | +$4.26M |
|
1981
Invesco BulletShares 2031 Municipal Bond ETF
BSMV
$186M
| $5.66M | ﹤0.01% |
270,291
+80,300
| +42% | +$1.7M |
|
1982
iShares iBonds Dec 2027 Term Muni Bond ETF
IBMP
$651M
| $5.65M | ﹤0.01% |
224,790
+9,013
| +4% | +$228K |
|
1983
US Treasury 10 Year Note ETF
UTEN
$287M
| $5.65M | ﹤0.01% |
132,680
-33,059
| -20% | -$1.44M |
|
1984
Burlington
BURL
$23.2B
| $5.65M | ﹤0.01% |
19,567
+3,071
| +19% | +$830K |
|
1985
Innovator US Equity Power Buffer ETF April
PAPR
$953M
| $5.64M | ﹤0.01% |
153,787
-2,354
| -2% | -$85.9K |
|
1986
Invesco Global ex-US High Yield Corporate Bond ETF
PGHY
$222M
| $5.63M | ﹤0.01% |
286,680
+1,779
| +0.6% | +$35.5K |
|
1987
Home BancShares
HOMB
$6.23B
| $5.61M | ﹤0.01% |
198,405
+3,915
| +2% | +$113K |
|
1988
BlackRock Debt Strategies Fund
DSU
$593M
| $5.6M | ﹤0.01% |
520,058
+33,639
| +7% | +$366K |
|
1989
ProShares Short S&P500
SH
$907M
| $5.59M | ﹤0.01% |
131,955
-72,421
| -35% | -$3.08M |
|
1990
United Natural Foods
UNFI
$3.08B
| $5.58M | ﹤0.01% |
204,499
+20,652
| +11% | +$476K |
|
1991
AXIS Capital
AXS
$7.68B
| $5.58M | ﹤0.01% |
62,951
+916
| +1% | +$78.4K |
|
1992
Glacier Bancorp
GBCI
$6.42B
| $5.58M | ﹤0.01% |
111,045
+38,294
| +53% | +$2M |
|
|
PCN
1993
PIMCO Corporate & Income Strategy Fund
PCN
$870M
| $5.57M | ﹤0.01% |
415,225
+29,841
| +8% | +$414K |
|
1994
TG Therapeutics
TGTX
$7.96B
| $5.57M | ﹤0.01% |
185,062
+70,740
| +62% | +$2.03M |
|
1995
Sun Life Financial
SLF
$46B
| $5.57M | ﹤0.01% |
93,857
+51,351
| +121% | +$3.03M |
|
1996
Samsara
IOT
$21.7B
| $5.56M | ﹤0.01% |
127,184
+26,684
| +27% | +$1.31M |
|
1997
WisdomTree Global High Dividend Fund
DEW
$148M
| $5.56M | ﹤0.01% |
106,197
+6,961
| +7% | +$378K |
|
1998
Merit Medical Systems
MMSI
$5.08B
| $5.55M | ﹤0.01% |
54,592
+10,526
| +24% | +$1.05M |
|
1999
Amplify Mobile Payments ETF
IPAY
$170M
| $5.55M | ﹤0.01% |
95,665
+16,836
| +21% | +$965K |
|
2000
Golub Capital BDC
GBDC
$3.34B
| $5.54M | ﹤0.01% |
365,359
+67,106
| +22% | +$1.02M |
|
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.