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 S&P 500 Growth ETF
IVW
|
+$346M |
| 2 |
Apple
AAPL
|
+$225M |
| 3 |
iShares MSCI EAFE Growth ETF
EFG
|
+$223M |
| 4 |
Microsoft
MSFT
|
+$217M |
| 5 |
BlackRock US Equity Factor Rotation ETF
DYNF
|
+$181M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
iShares MSCI EAFE Value ETF
EFV
|
+$124M |
| 2 |
Vanguard Total Bond Market
BND
|
+$66.2M |
| 3 |
iShares ESG Aware MSCI USA ETF
ESGU
|
+$64.2M |
| 4 |
iShares Global Energy ETF
IXC
|
+$62.3M |
| 5 |
State Street Health Care Select Sector SPDR ETF
XLV
|
+$60.6M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 8.15% |
| 2 | Financials | 3.16% |
| 3 | Healthcare | 2.8% |
| 4 | Consumer Discretionary | 2.64% |
| 5 | Industrials | 2.29% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
2001
Universal Health Services
UHS
$10.2B
| $4.2M | ﹤0.01% |
22,699
-2,791
| -11% | -$494K |
|
2002
Blackstone Mortgage Trust
BXMT
$2.45B
| $4.2M | ﹤0.01% |
240,894
-22,617
| -9% | -$408K |
|
2003
Simplify Aggregate Bond ETF
AGGH
$574M
| $4.18M | ﹤0.01% |
201,536
-23,841
| -11% | -$497K |
|
2004
VanEck Durable High Dividend ETF
DURA
$38.6M
| $4.18M | ﹤0.01% |
131,669
-8,616
| -6% | -$273K |
|
2005
VictoryShares US Large Cap High Div Volatility Wtd ETF
CDL
$401M
| $4.17M | ﹤0.01% |
68,326
+1,528
| +2% | +$93.5K |
|
2006
WisdomTree US AI Enhanced Value Fund
AIVL
$428M
| $4.17M | ﹤0.01% |
41,798
+10,396
| +33% | +$1.04M |
|
|
QQQH
2007
NEOS Nasdaq-100 Hedged Equity Income ETF
QQQH
$375M
| $4.15M | ﹤0.01% |
82,405
-24,153
| -23% | -$1.15M |
|
2008
Fidelity Corporate Bond ETF
FCOR
$351M
| $4.15M | ﹤0.01% |
90,149
+7,291
| +9% | +$335K |
|
2009
ActivePassive Core Bond ETF
APCB
$1.01B
| $4.15M | ﹤0.01% |
+141,658
| New | +$4.12M |
|
2010
Parsons
PSN
$4.72B
| $4.14M | ﹤0.01% |
50,661
+11,880
| +31% | +$932K |
|
2011
H&R Block
HRB
$5.58B
| $4.14M | ﹤0.01% |
76,252
-3,465
| -4% | -$172K |
|
2012
Etsy
ETSY
$7.75B
| $4.12M | ﹤0.01% |
69,888
-20,187
| -22% | -$1.29M |
|
2013
FT Vest US Equity Deep Buffer ETF August
DAUG
$370M
| $4.12M | ﹤0.01% |
108,851
-3,905
| -3% | -$146K |
|
2014
FT Vest US Equity Buffer ETF December
FDEC
$1.32B
| $4.12M | ﹤0.01% |
96,784
+5,410
| +6% | +$224K |
|
2015
VanEck Long Muni ETF
MLN
$677M
| $4.12M | ﹤0.01% |
230,578
-7,779
| -3% | -$139K |
|
2016
Fluor
FLR
$7.01B
| $4.11M | ﹤0.01% |
94,314
-3,028
| -3% | -$126K |
|
2017
UDR
UDR
$12.3B
| $4.1M | ﹤0.01% |
99,524
+4,269
| +4% | +$165K |
|
2018
Celestica
CLS
$38.1B
| $4.09M | ﹤0.01% |
71,409
+28,246
| +65% | +$1.42M |
|
2019
Motley Fool Global Opportunities ETF
TMFG
$355M
| $4.09M | ﹤0.01% |
138,921
-2,216
| -2% | -$65.2K |
|
2020
Waters Corp
WAT
$37B
| $4.08M | ﹤0.01% |
14,062
+1,572
| +13% | +$502K |
|
2021
iShares Currency Hedged MSCI EAFE Small-Cap ETF
HSCZ
$239M
| $4.08M | ﹤0.01% |
127,731
+14,786
| +13% | +$469K |
|
2022
WBI Power Factor High Dividend ETF
WBIY
$62.5M
| $4.08M | ﹤0.01% |
140,625
+11,037
| +9% | +$324K |
|
|
THW
2023
abrdn World Healthcare Fund
THW
$536M
| $4.07M | ﹤0.01% |
309,850
+10,270
| +3% | +$132K |
|
2024
Alexandria Real Estate Equities
ARE
$8.97B
| $4.07M | ﹤0.01% |
34,765
-1,827
| -5% | -$218K |
|
2025
iShares Core MSCI Pacific ETF
IPAC
$2.66B
| $4.05M | ﹤0.01% |
66,098
+7,276
| +12% | +$448K |
|
Similar funds
LPL Financial's Q2 2024 Portfolio in Review
As of Q2 2024, LPL Financial held 5,204 positions worth $201B, up 7.8% from $186B the previous quarter. Its ten largest holdings account for 17% of the portfolio.
LPL Financial deployed $11.6B of net new capital in Q2 2024, opening 296 new positions and adding to 3,022 existing holdings. Its largest new stake was AB Short Duration High Yield ETF: 1,874,937 shares worth $65.8M.
By sector, the portfolio is most concentrated in Technology at 8.1% of assets, up from 7.2% a quarter earlier, followed by Financials and Healthcare.
On the sell side, the largest reduction was iShares MSCI EAFE Value ETF, an estimated $124M trimmed.
- LPL Financial's largest Q2 2024 buy was AB Short Duration High Yield ETF: 1,874,937 shares worth $65.8M.
- LPL Financial added most to iShares S&P 500 Growth ETF in Q2 2024, an estimated $346M increase.
- LPL Financial's biggest Q2 2024 reduction was iShares MSCI EAFE Value ETF, cutting an estimated $124M.
- LPL Financial fully exited Pioneer Natural Resource Co. in Q2 2024, selling an estimated $30.9M.
- LPL Financial's ten largest holdings make up 17% of its $201B portfolio in Q2 2024.
- LPL Financial opened 296 new positions and closed 196 in Q2 2024.
- LPL Financial's portfolio value rose 7.8% quarter-over-quarter to $201B.
Based on LPL Financial's 13F filing for Q2 2024, filed 7 Aug 2024.