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 | |
|---|---|---|---|---|---|---|
2051
iShares Currency Hedged MSCI EAFE Small-Cap ETF
HSCZ
$239M
| $5.22M | ﹤0.01% |
162,991
+19,781
| +14% | +$640K |
|
2052
Corebridge Financial
CRBG
$14.1B
| $5.21M | ﹤0.01% |
174,185
+23,340
| +15% | +$720K |
|
2053
H&R Block
HRB
$5.58B
| $5.21M | ﹤0.01% |
98,592
+25,215
| +34% | +$1.48M |
|
2054
Virtus Terranova US Quality Momentum ETF
JOET
$241M
| $5.2M | ﹤0.01% |
137,723
+22,067
| +19% | +$853K |
|
2055
Amplify Online Retail ETF
IBUY
$111M
| $5.19M | ﹤0.01% |
80,315
+12,526
| +18% | +$809K |
|
2056
FT Energy Income Partners Strategy ETF
EIPX
$561M
| $5.18M | ﹤0.01% |
211,195
+13,729
| +7% | +$343K |
|
2057
VictoryShares US Large Cap High Div Volatility Wtd ETF
CDL
$401M
| $5.17M | ﹤0.01% |
79,122
+10,514
| +15% | +$712K |
|
2058
Freedom 100 Emerging Markets ETF
FRDM
$3.27B
| $5.17M | ﹤0.01% |
158,107
-26,597
| -14% | -$922K |
|
2059
Pinnacle West Capital
PNW
$12.2B
| $5.16M | ﹤0.01% |
60,850
-4,396
| -7% | -$390K |
|
2060
Upstart Holdings
UPST
$2.63B
| $5.15M | ﹤0.01% |
83,719
+23,324
| +39% | +$1.45M |
|
2061
iShares Global Consumer Staples ETF
KXI
$1.07B
| $5.15M | ﹤0.01% |
85,456
-4,987
| -6% | -$315K |
|
|
CADE
2062
DELISTED
Cadence Bank
CADE
| $5.15M | ﹤0.01% |
149,475
+42,097
| +39% | +$1.48M |
|
2063
CACI
CACI
$11B
| $5.14M | ﹤0.01% |
12,017
+2,407
| +25% | +$1.17M |
|
2064
iShares iBonds Dec 2032 Term Corporate ETF
IBDX
$1.7B
| $5.14M | ﹤0.01% |
208,996
-84,606
| -29% | -$2.12M |
|
|
PDT
2065
John Hancock Premium Dividend Fund
PDT
$634M
| $5.12M | ﹤0.01% |
402,034
+167,125
| +71% | +$2.16M |
|
2066
iShares Core MSCI Pacific ETF
IPAC
$2.66B
| $5.11M | ﹤0.01% |
83,709
+10,555
| +14% | +$671K |
|
2067
Lloyds Banking Group
LYG
$89.5B
| $5.11M | ﹤0.01% |
1,880,185
-79,347
| -4% | -$227K |
|
2068
iShares Morningstar Small-Cap ETF
ISCB
$282M
| $5.1M | ﹤0.01% |
87,005
-87
| -0.1% | -$5.26K |
|
2069
FT Vest US Equity Buffer ETF May
FMAY
$1.41B
| $5.1M | ﹤0.01% |
107,529
+1,306
| +1% | +$61.7K |
|
|
LEAD
2070
DELISTED
Siren DIVCON Leaders Dividend ETF
LEAD
| $5.1M | ﹤0.01% |
76,683
+1,656
| +2% | +$115K |
|
2071
Harbor Ares Systematic High Yield ETF
SIHY
$149M
| $5.1M | ﹤0.01% |
111,823
+36,646
| +49% | +$1.69M |
|
2072
F5
FFIV
$22.9B
| $5.09M | ﹤0.01% |
20,249
+1,046
| +5% | +$250K |
|
2073
Selective Insurance
SIGI
$5.65B
| $5.08M | ﹤0.01% |
54,306
+2,366
| +5% | +$227K |
|
2074
A.O. Smith
AOS
$8.17B
| $5.08M | ﹤0.01% |
74,433
+5,390
| +8% | +$408K |
|
2075
Inspire Global Hope ETF
BLES
$160M
| $5.07M | ﹤0.01% |
137,116
+1,021
| +0.8% | +$39.5K |
|
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.