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 | |
|---|---|---|---|---|---|---|
2026
PIMCO Ultra Short Government Active ETF
BILZ
$1B
| $5.38M | ﹤0.01% |
53,367
+433
| +0.8% | +$43.7K |
|
2027
State Street SPDR S&P Transportation ETF
XTN
$387M
| $5.37M | ﹤0.01% |
61,972
+25,034
| +68% | +$2.2M |
|
2028
WisdomTree Managed Futures Strategy Fund
WTMF
$245M
| $5.37M | ﹤0.01% |
153,756
-6,280
| -4% | -$223K |
|
2029
iShares US Tech Breakthrough Multisector ETF
TECB
$463M
| $5.35M | ﹤0.01% |
100,515
-186
| -0.2% | -$9.97K |
|
2030
Stride
LRN
$3.41B
| $5.34M | ﹤0.01% |
51,411
-17,224
| -25% | -$1.64M |
|
2031
The GEO Group
GEO
$4.13B
| $5.34M | ﹤0.01% |
190,792
-16,089
| -8% | -$357K |
|
2032
iShares US Pharmaceuticals ETF
IHE
$1.46B
| $5.34M | ﹤0.01% |
81,188
-9,206
| -10% | -$633K |
|
2033
CALL
State Street SPDR S&P 500 ETF Trust
SPY
$790B
| $5.33M | ﹤0.01% |
9,100
-3,000
| -25% | -$1.77M |
|
2034
TKO Group
TKO
$13.6B
| $5.33M | ﹤0.01% |
37,518
+3,426
| +10% | +$447K |
|
2035
ESAB
ESAB
$5.38B
| $5.33M | ﹤0.01% |
44,439
+7,676
| +21% | +$927K |
|
2036
Opus Small Cap Value ETF
OSCV
$708M
| $5.33M | ﹤0.01% |
144,039
+17,739
| +14% | +$685K |
|
2037
BlackRock Resources & Commodities Strategy Trust
BCX
$919M
| $5.32M | ﹤0.01% |
623,487
-16,153
| -3% | -$150K |
|
2038
Park Hotels & Resorts
PK
$3.03B
| $5.31M | ﹤0.01% |
377,605
+339,773
| +898% | +$4.99M |
|
2039
Fidelity MSCI Materials Index ETF
FMAT
$575M
| $5.3M | ﹤0.01% |
110,054
+5,970
| +6% | +$315K |
|
2040
Infosys
INFY
$48.7B
| $5.3M | ﹤0.01% |
241,927
+48,476
| +25% | +$1.08M |
|
2041
JPMorgan High Yield Municipal ETF
JMHI
$277M
| $5.29M | ﹤0.01% |
105,371
+51,981
| +97% | +$2.63M |
|
2042
State Street SPDR FactSet Innovative Technology ETF
XITK
$70M
| $5.28M | ﹤0.01% |
30,359
-1,055
| -3% | -$179K |
|
2043
WEX
WEX
$6.37B
| $5.28M | ﹤0.01% |
29,408
+3,439
| +13% | +$645K |
|
|
DFP
2044
Flaherty & Crumrine Dynamic Preferred and Income Fund
DFP
$427M
| $5.28M | ﹤0.01% |
264,693
-9,922
| -4% | -$204K |
|
2045
Schwab 5-10 Year Corporate Bond ETF
SCHI
$11.5B
| $5.28M | ﹤0.01% |
239,087
+67,367
| +39% | +$1.51M |
|
2046
Simplify Short Term Treasury Futures Strategy ETF
TUA
$696M
| $5.27M | ﹤0.01% |
248,172
-141,946
| -36% | -$3.08M |
|
2047
Academy Sports + Outdoors
ASO
$2.94B
| $5.26M | ﹤0.01% |
91,454
+812
| +0.9% | +$42.8K |
|
|
SKX
2048
DELISTED
Skechers
SKX
| $5.24M | ﹤0.01% |
77,976
+17,791
| +30% | +$1.15M |
|
2049
Molina Healthcare
MOH
$10.2B
| $5.23M | ﹤0.01% |
17,960
+686
| +4% | +$212K |
|
2050
Fidelity Limited Term Bond ETF
FLTB
$414M
| $5.22M | ﹤0.01% |
105,205
+72,579
| +222% | +$3.62M |
|
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.