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 | |
|---|---|---|---|---|---|---|
2076
PUT
Microsoft
MSFT
$3.45T
| $5.06M | ﹤0.01% |
12,000
-800
| -6% | -$341K |
|
2077
Brookfield Infrastructure Partners
BIP
$19.2B
| $5.06M | ﹤0.01% |
159,094
+12,492
| +9% | +$426K |
|
2078
Pacer Lunt Large Cap Alternator ETF
ALTL
$92.1M
| $5.05M | ﹤0.01% |
135,871
-8,105
| -6% | -$311K |
|
2079
TransUnion
TRU
$15.1B
| $5.03M | ﹤0.01% |
54,292
+6,073
| +13% | +$615K |
|
|
FFC
2080
Flaherty & Crumrine Preferred and Income Securities Fund
FFC
$777M
| $5.02M | ﹤0.01% |
323,514
+4,414
| +1% | +$70.4K |
|
2081
United Therapeutics
UTHR
$25.8B
| $5.02M | ﹤0.01% |
14,239
+7,847
| +123% | +$2.88M |
|
2082
Hull Tactical US ETF
HTUS
$156M
| $5M | ﹤0.01% |
131,315
-373,392
| -74% | -$16.8M |
|
2083
Hannon Armstrong Sustainable Infrastructure Capital
HASI
$4.84B
| $4.98M | ﹤0.01% |
185,739
-19,931
| -10% | -$623K |
|
2084
CenterPoint Energy
CNP
$27.7B
| $4.98M | ﹤0.01% |
157,052
+8,134
| +5% | +$250K |
|
2085
Invesco Quality Municipal Securities
IQI
$522M
| $4.98M | ﹤0.01% |
505,154
+336,042
| +199% | +$3.39M |
|
2086
Assurant
AIZ
$13.8B
| $4.97M | ﹤0.01% |
23,318
+13,787
| +145% | +$2.87M |
|
2087
ClearBridge Dividend Strategy ESG ETF
YLDE
$169M
| $4.97M | ﹤0.01% |
97,866
-17,877
| -15% | -$923K |
|
2088
Regal Rexnord
RRX
$13.7B
| $4.97M | ﹤0.01% |
32,007
+3,982
| +14% | +$673K |
|
2089
Healthcare Realty
HR
$7.28B
| $4.96M | ﹤0.01% |
292,851
+14,616
| +5% | +$257K |
|
2090
Avantis All Equity Markets ETF
AVGE
$1.1B
| $4.96M | ﹤0.01% |
68,482
-543
| -0.8% | -$40.4K |
|
2091
VanEck Pharmaceutical ETF
PPH
$959M
| $4.95M | ﹤0.01% |
57,373
-35,154
| -38% | -$3.18M |
|
2092
Chemed
CHE
$7.07B
| $4.95M | ﹤0.01% |
9,342
-1,325
| -12% | -$747K |
|
2093
Aaon
AAON
$7.3B
| $4.95M | ﹤0.01% |
42,049
+4,245
| +11% | +$520K |
|
|
PPLT
2094
abrdn Physical Platinum Shares ETF
PPLT
$1.88B
| $4.94M | ﹤0.01% |
594,290
+63,550
| +12% | +$562K |
|
2095
Qualys
QLYS
$5.1B
| $4.93M | ﹤0.01% |
35,136
+8,935
| +34% | +$1.24M |
|
2096
Invesco BulletShares 2031 High Yield Corporate Bond ETF
BSJV
$101M
| $4.92M | ﹤0.01% |
188,965
+9,077
| +5% | +$240K |
|
2097
Invesco S&P SmallCap Information Technology ETF
PSCT
$498M
| $4.91M | ﹤0.01% |
102,907
-1,776
| -2% | -$86.3K |
|
2098
Global X Cloud Computing ETF
CLOU
$240M
| $4.91M | ﹤0.01% |
204,977
-7,717
| -4% | -$176K |
|
2099
Global X Blockchain ETF
BKCH
$206M
| $4.91M | ﹤0.01% |
95,843
+469
| +0.5% | +$27.8K |
|
2100
Cambria Foreign Shareholder Yield ETF
FYLD
$704M
| $4.9M | ﹤0.01% |
194,531
+35,903
| +23% | +$948K |
|
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.