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 | |
|---|---|---|---|---|---|---|
2001
Capital Group International Equity ETF
CGIE
$2.35B
| $5.53M | ﹤0.01% |
200,927
+78,669
| +64% | +$2.27M |
|
2002
Franklin FTSE United Kingdom ETF
FLGB
$910M
| $5.52M | ﹤0.01% |
210,903
-47,162
| -18% | -$1.29M |
|
2003
Antero Resources
AR
$11.1B
| $5.52M | ﹤0.01% |
157,501
+130,623
| +486% | +$3.95M |
|
2004
State Street SPDR S&P Pharmaceuticals ETF
XPH
$476M
| $5.52M | ﹤0.01% |
128,395
+16,227
| +14% | +$738K |
|
2005
Davis Select Worldwide ETF
DWLD
$608M
| $5.52M | ﹤0.01% |
151,916
+17,491
| +13% | +$668K |
|
2006
Global X Internet of Things ETF
SNSR
$222M
| $5.51M | ﹤0.01% |
157,966
-12,031
| -7% | -$425K |
|
2007
IonQ
IONQ
$13.6B
| $5.51M | ﹤0.01% |
131,846
+10,982
| +9% | +$275K |
|
2008
Avantis Short-Term Fixed Income ETF
AVSF
$654M
| $5.5M | ﹤0.01% |
119,172
+2,293
| +2% | +$107K |
|
2009
Alaska Air
ALK
$5.29B
| $5.48M | ﹤0.01% |
84,682
-8,780
| -9% | -$462K |
|
|
QPFF
2010
DELISTED
American Century Quality Preferred ETF
QPFF
| $5.48M | ﹤0.01% |
152,274
+105,440
| +225% | +$3.94M |
|
2011
BILL Holdings
BILL
$4.49B
| $5.47M | ﹤0.01% |
64,533
-1,847
| -3% | -$138K |
|
2012
Invesco International BuyBack Achievers ETF
IPKW
$551M
| $5.46M | ﹤0.01% |
137,509
+8,626
| +7% | +$357K |
|
2013
FT Vest US Equity Moderate Buffer ETF July
GJUL
$391M
| $5.46M | ﹤0.01% |
148,898
+116,078
| +354% | +$4.24M |
|
2014
Invesco S&P International Developed Low Volatility ETF
IDLV
$345M
| $5.46M | ﹤0.01% |
196,071
+4,091
| +2% | +$119K |
|
2015
First Trust Exchange-Traded Fund IV First Trust High Income Strategic Focus ETF
HISF
$98.4M
| $5.45M | ﹤0.01% |
124,587
+8,257
| +7% | +$367K |
|
2016
Daktronics
DAKT
$955M
| $5.45M | ﹤0.01% |
323,204
+304,071
| +1,589% | +$4.59M |
|
2017
iShares iBonds Dec 2028 Term Muni Bond ETF
IBMQ
$658M
| $5.44M | ﹤0.01% |
215,939
-10,241
| -5% | -$260K |
|
2018
Gentex
GNTX
$4.97B
| $5.44M | ﹤0.01% |
189,254
+45,475
| +32% | +$1.36M |
|
2019
Universal Health Services
UHS
$10.2B
| $5.44M | ﹤0.01% |
30,296
-3,934
| -11% | -$801K |
|
2020
iShares Global Comm Services ETF
IXP
$529M
| $5.43M | ﹤0.01% |
56,143
+658
| +1% | +$63.4K |
|
2021
Comstock Resources
CRK
$3.89B
| $5.4M | ﹤0.01% |
296,621
+64,594
| +28% | +$895K |
|
2022
iShares Emerging Markets Dividend ETF
DVYE
$1.22B
| $5.39M | ﹤0.01% |
208,692
-2,902
| -1% | -$80.4K |
|
2023
iShares MSCI Sweden ETF
EWD
$546M
| $5.39M | ﹤0.01% |
144,368
+132,596
| +1,126% | +$5.26M |
|
2024
Churchill Downs
CHDN
$5.88B
| $5.39M | ﹤0.01% |
40,356
+20,938
| +108% | +$2.9M |
|
2025
InterContinental Hotels
IHG
$23.9B
| $5.38M | ﹤0.01% |
43,095
-10,596
| -20% | -$1.27M |
|
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.