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 | |
|---|---|---|---|---|---|---|
|
ACP
2001
abrdn Income Credit Strategies Fund
ACP
$635M
| $4.95M | ﹤0.01% |
747,202
+364,809
| +95% | +$2.38M |
|
2002
State Street Blackstone High Income ETF
HYBL
$571M
| $4.95M | ﹤0.01% |
172,285
+47,601
| +38% | +$1.35M |
|
2003
FT Vest US Equity Buffer ETF May
FMAY
$1.41B
| $4.94M | ﹤0.01% |
106,223
-1,040
| -1% | -$47K |
|
2004
AXIS Capital
AXS
$7.68B
| $4.94M | ﹤0.01% |
62,035
+26,854
| +76% | +$2.01M |
|
2005
Vanguard US Multifactor ETF
VFMF
$722M
| $4.93M | ﹤0.01% |
37,846
+845
| +2% | +$107K |
|
2006
Blackstone Mortgage Trust
BXMT
$2.45B
| $4.92M | ﹤0.01% |
258,693
+17,799
| +7% | +$327K |
|
|
FT
2007
Franklin Universal Trust
FT
$199M
| $4.92M | ﹤0.01% |
650,290
+12,819
| +2% | +$91.5K |
|
2008
CubeSmart
CUBE
$9.39B
| $4.9M | ﹤0.01% |
91,092
+2,474
| +3% | +$123K |
|
2009
SoundHound AI
SOUN
$2.67B
| $4.9M | ﹤0.01% |
1,052,209
+268,774
| +34% | +$1.3M |
|
2010
JPMorgan Realty Income ETF
JPRE
$489M
| $4.9M | ﹤0.01% |
96,194
+8,464
| +10% | +$409K |
|
2011
Yum China
YUMC
$16.5B
| $4.9M | ﹤0.01% |
108,777
-4,051
| -4% | -$135K |
|
2012
Donaldson
DCI
$10.9B
| $4.89M | ﹤0.01% |
66,332
-6,060
| -8% | -$438K |
|
2013
Global X Defense Tech ETF
SHLD
$7.05B
| $4.89M | ﹤0.01% |
131,289
+101,450
| +340% | +$3.61M |
|
|
NHS
2014
Neuberger High Yield Strategies Fund Inc
NHS
$251M
| $4.89M | ﹤0.01% |
563,726
+1,438
| +0.3% | +$11.7K |
|
2015
First Trust Indxx Innovative Transaction & Process ETF
LEGR
$131M
| $4.88M | ﹤0.01% |
103,734
-5,981
| -5% | -$266K |
|
2016
iShares Core MSCI Pacific ETF
IPAC
$2.66B
| $4.87M | ﹤0.01% |
73,154
+7,056
| +11% | +$445K |
|
2017
iShares Emerging Markets Equity Factor ETF
EMGF
$1.82B
| $4.86M | ﹤0.01% |
97,574
+1,777
| +2% | +$83.5K |
|
2018
Invesco Leisure and Entertainment ETF
PEJ
$259M
| $4.86M | ﹤0.01% |
101,848
-9,774
| -9% | -$444K |
|
2019
NVR
NVR
$16.5B
| $4.86M | ﹤0.01% |
495
+88
| +22% | +$768K |
|
2020
State Street SPDR FactSet Innovative Technology ETF
XITK
$70M
| $4.86M | ﹤0.01% |
31,414
-939
| -3% | -$139K |
|
2021
Capital Southwest
CSWC
$1.47B
| $4.86M | ﹤0.01% |
191,996
+10,985
| +6% | +$278K |
|
2022
EPAM Systems
EPAM
$5.51B
| $4.86M | ﹤0.01% |
24,396
+17,539
| +256% | +$3.51M |
|
2023
CACI
CACI
$11B
| $4.85M | ﹤0.01% |
9,610
+2,448
| +34% | +$1.13M |
|
2024
iShares MSCI United Kingdom ETF
EWU
$4.14B
| $4.85M | ﹤0.01% |
129,559
+35,426
| +38% | +$1.29M |
|
2025
Selective Insurance
SIGI
$5.65B
| $4.85M | ﹤0.01% |
51,940
+793
| +2% | +$71.6K |
|
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.