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 | |
|---|---|---|---|---|---|---|
2101
Restaurant Brands International
QSR
$25.7B
| $4.9M | ﹤0.01% |
75,130
-9,288
| -11% | -$644K |
|
2102
iShares MSCI Pacific ex Japan ETF
EPP
$2.22B
| $4.89M | ﹤0.01% |
111,632
-2,594
| -2% | -$121K |
|
2103
Repligen
RGEN
$7.96B
| $4.87M | ﹤0.01% |
32,237
+10,395
| +48% | +$1.49M |
|
2104
Ericsson
ERIC
$32.2B
| $4.87M | ﹤0.01% |
603,682
+323,917
| +116% | +$2.63M |
|
2105
FT Vest US Equity Buffer ETF July
FJUL
$1.21B
| $4.85M | ﹤0.01% |
99,002
+10,307
| +12% | +$503K |
|
2106
Invesco S&P Global Water Index ETF
CGW
$1.05B
| $4.84M | ﹤0.01% |
89,380
-414
| -0.5% | -$24.3K |
|
2107
AAM S&P 500 High Dividend Value ETF
SPDV
$101M
| $4.84M | ﹤0.01% |
148,708
-27,126
| -15% | -$915K |
|
2108
Wingstop
WING
$3.53B
| $4.82M | ﹤0.01% |
16,960
+4,918
| +41% | +$1.67M |
|
2109
U-Haul Holding Co
UHAL
$13.9B
| $4.82M | ﹤0.01% |
69,750
+64,965
| +1,358% | +$4.71M |
|
2110
Antero Midstream
AM
$10.4B
| $4.81M | ﹤0.01% |
318,777
+4,710
| +1% | +$71.7K |
|
2111
First Trust Indxx Innovative Transaction & Process ETF
LEGR
$131M
| $4.81M | ﹤0.01% |
103,628
-106
| -0.1% | -$4.99K |
|
2112
JPMorgan BetaBuilders Europe ETF
BBEU
$9.35B
| $4.81M | ﹤0.01% |
86,750
-5,035
| -5% | -$295K |
|
2113
iShares MSCI Europe Financials ETF
EUFN
$4.21B
| $4.8M | ﹤0.01% |
206,218
-3,670
| -2% | -$87.9K |
|
2114
UDR
UDR
$12.3B
| $4.8M | ﹤0.01% |
110,621
+8,931
| +9% | +$395K |
|
2115
iShares iBonds 2027 Term High Yield and Income ETF
IBHG
$509M
| $4.79M | ﹤0.01% |
215,491
-96,098
| -31% | -$2.15M |
|
|
QHY
2116
WisdomTree U.S. High Yield Corporate Bond Fund
QHY
$237M
| $4.78M | ﹤0.01% |
105,801
-20,984
| -17% | -$960K |
|
2117
Solventum
SOLV
$14.8B
| $4.78M | ﹤0.01% |
72,285
-13,170
| -15% | -$922K |
|
2118
Commerce Bancshares
CBSH
$8.53B
| $4.77M | ﹤0.01% |
80,427
+7,340
| +10% | +$442K |
|
2119
First Trust Horizon Managed Volatility Developed International ETF
HDMV
$17.6M
| $4.77M | ﹤0.01% |
165,862
+5,204
| +3% | +$156K |
|
|
GUT
2120
Gabelli Utility Trust
GUT
$569M
| $4.77M | ﹤0.01% |
948,614
-24,750
| -3% | -$128K |
|
|
FT
2121
Franklin Universal Trust
FT
$199M
| $4.77M | ﹤0.01% |
652,535
+2,245
| +0.3% | +$16.9K |
|
2122
InvenTrust Properties
IVT
$2.76B
| $4.76M | ﹤0.01% |
157,959
+9,360
| +6% | +$282K |
|
2123
C3.ai
AI
$1.43B
| $4.75M | ﹤0.01% |
137,991
-3,484
| -2% | -$108K |
|
2124
Group 1 Automotive
GPI
$3.42B
| $4.74M | ﹤0.01% |
11,255
+2,601
| +30% | +$1.03M |
|
|
ASG
2125
Liberty All-Star Growth Fund
ASG
$328M
| $4.74M | ﹤0.01% |
838,768
-417
| -0% | -$2.4K |
|
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.