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 US Treasury Bond ETF
GOVT
|
+$2.1B |
| 2 |
BlackRock US Equity Factor Rotation ETF
DYNF
|
+$559M |
| 3 |
State Street SPDR Portfolio Intermediate Term Corporate Bond ETF
SPIB
|
+$548M |
| 4 |
iShares Core Universal USD Bond ETF
IUSB
|
+$408M |
| 5 |
iShares S&P 500 Value ETF
IVE
|
+$368M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Vanguard Total Bond Market
BND
|
+$1.4B |
| 2 |
Vanguard Morningstar Total Stock Market ETF
VTI
|
+$380M |
| 3 |
iShares Core S&P 500 ETF
IVV
|
+$360M |
| 4 |
iShares Treasury Floating Rate Bond ETF
TFLO
|
+$298M |
| 5 |
iShares ESG Aware MSCI USA ETF
ESGU
|
+$149M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 7.21% |
| 2 | Financials | 3.26% |
| 3 | Healthcare | 2.83% |
| 4 | Consumer Discretionary | 2.64% |
| 5 | Industrials | 2.38% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
2026
Nuveen Municipal High Income Opportunity Fund
NMZ
$2.22B
| $3.68M | ﹤0.01% |
348,957
+59,840
| +21% | +$608K |
|
2027
Samsara
IOT
$23.9B
| $3.68M | ﹤0.01% |
97,507
+16,438
| +20% | +$559K |
|
2028
Teva Pharmaceuticals
TEVA
$40.9B
| $3.68M | ﹤0.01% |
261,032
+39,279
| +18% | +$495K |
|
2029
FT Energy Income Partners Strategy ETF
EIPX
$559M
| $3.68M | ﹤0.01% |
159,785
+4,792
| +3% | +$103K |
|
2030
Commerce Bancshares
CBSH
$8.51B
| $3.68M | ﹤0.01% |
76,254
-7,953
| -9% | -$377K |
|
2031
IQ Candriam US Large Cap Equity ETF
IQSU
$340M
| $3.68M | ﹤0.01% |
82,910
+6,724
| +9% | +$289K |
|
2032
HF Sinclair
DINO
$14.7B
| $3.67M | ﹤0.01% |
60,863
+1,813
| +3% | +$103K |
|
2033
Telus
TU
$15.4B
| $3.65M | ﹤0.01% |
228,114
+42,979
| +23% | +$752K |
|
|
PPLT
2034
abrdn Physical Platinum Shares ETF
PPLT
$2.02B
| $3.65M | ﹤0.01% |
436,920
-22,670
| -5% | -$190K |
|
2035
United States Natural Gas Fund
UNG
$455M
| $3.65M | ﹤0.01% |
250,495
+24,717
| +11% | +$450K |
|
2036
Fidelity MSCI Communication Services Index ETF
FCOM
$1.81B
| $3.64M | ﹤0.01% |
73,421
+6,277
| +9% | +$298K |
|
2037
iShares MSCI Japan Value ETF
EWJV
$744M
| $3.63M | ﹤0.01% |
109,315
+45,900
| +72% | +$1.43M |
|
2038
New Jersey Resources
NJR
$5.57B
| $3.63M | ﹤0.01% |
84,578
-33,085
| -28% | -$1.4M |
|
|
FFC
2039
Flaherty & Crumrine Preferred and Income Securities Fund
FFC
$780M
| $3.62M | ﹤0.01% |
243,781
+11,344
| +5% | +$163K |
|
2040
iShares Inflation Hedged Corporate Bond ETF
LQDI
$69.8M
| $3.62M | ﹤0.01% |
138,265
+103,304
| +295% | +$2.68M |
|
2041
Invesco Oil & Gas Services ETF
PXJ
$62.5M
| $3.61M | ﹤0.01% |
113,763
+59,215
| +109% | +$1.72M |
|
2042
Royce Quant Small-Cap Quality Value ETF
SQLV
$30.1M
| $3.6M | ﹤0.01% |
86,779
-8,908
| -9% | -$360K |
|
2043
Carvana
CVNA
$77.6B
| $3.6M | ﹤0.01% |
204,600
-9,850
| -5% | -$120K |
|
2044
Franco-Nevada
FNV
$45.6B
| $3.59M | ﹤0.01% |
30,103
-5,244
| -15% | -$577K |
|
2045
Match Group
MTCH
$8.45B
| $3.58M | ﹤0.01% |
98,712
-26,173
| -21% | -$946K |
|
2046
Franklin FTSE Latin America
FLLA
$109M
| $3.58M | ﹤0.01% |
151,464
-13,149
| -8% | -$310K |
|
2047
SS&C Technologies
SSNC
$18.7B
| $3.58M | ﹤0.01% |
55,583
+17,119
| +45% | +$1.06M |
|
2048
Iovance Biotherapeutics
IOVA
$2.71B
| $3.57M | ﹤0.01% |
240,677
+111,541
| +86% | +$1.3M |
|
2049
FT Vest US Equity Buffer ETF February
FFEB
$1.41B
| $3.56M | ﹤0.01% |
78,738
+31,624
| +67% | +$1.39M |
|
2050
UDR
UDR
$12.4B
| $3.56M | ﹤0.01% |
95,255
+3,591
| +4% | +$132K |
|
Similar funds
LPL Financial's Q1 2024 Portfolio in Review
As of Q1 2024, LPL Financial held 5,089 positions worth $186B, up 13% from $165B the previous quarter. Its ten largest holdings account for 16% of the portfolio.
LPL Financial deployed $9.13B of net new capital in Q1 2024, opening 298 new positions and adding to 2,838 existing holdings. Its largest new stake was JPMorgan Global Select Equity ETF: 859,035 shares worth $49.3M.
By sector, the portfolio is most concentrated in Technology at 7.2% of assets, up from 6.9% a quarter earlier, followed by Financials and Healthcare.
On the sell side, the largest reduction was Vanguard Total Bond Market, an estimated $1.4B trimmed.
- LPL Financial's largest Q1 2024 buy was JPMorgan Global Select Equity ETF: 859,035 shares worth $49.3M.
- LPL Financial added most to iShares US Treasury Bond ETF in Q1 2024, an estimated $2.1B increase.
- LPL Financial's biggest Q1 2024 reduction was Vanguard Total Bond Market, cutting an estimated $1.4B.
- LPL Financial fully exited WisdomTree Emerging Currency Strategy Fund in Q1 2024, selling an estimated $13.1M.
- LPL Financial's ten largest holdings make up 16% of its $186B portfolio in Q1 2024.
- LPL Financial opened 298 new positions and closed 179 in Q1 2024.
- LPL Financial's portfolio value rose 13% quarter-over-quarter to $186B.
Based on LPL Financial's 13F filing for Q1 2024, filed 10 May 2024.