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 | |
|---|---|---|---|---|---|---|
|
TLN
2126
Talen Energy Corp
TLN
$16B
| $4.73M | ﹤0.01% |
23,490
+16,476
| +235% | +$3.21M |
|
2127
PennantPark Floating Rate Capital
PFLT
$689M
| $4.72M | ﹤0.01% |
432,287
+73,365
| +20% | +$823K |
|
2128
Sumitomo Mitsui Financial
SMFG
$164B
| $4.71M | ﹤0.01% |
324,992
+235,934
| +265% | +$3.24M |
|
|
CSF
2129
DELISTED
VictoryShares US Discovery Enhanced Volatility Wtd ETF
CSF
| $4.7M | ﹤0.01% |
85,568
-2,145
| -2% | -$121K |
|
|
CIK
2130
Credit Suisse Asset Management Income Fund
CIK
$134M
| $4.7M | ﹤0.01% |
1,624,704
+131,598
| +9% | +$393K |
|
2131
JPMorgan Realty Income ETF
JPRE
$489M
| $4.69M | ﹤0.01% |
99,194
+3,000
| +3% | +$149K |
|
2132
Nutrien
NTR
$33.2B
| $4.69M | ﹤0.01% |
104,732
+7,780
| +8% | +$369K |
|
2133
Olin
OLN
$2.11B
| $4.68M | ﹤0.01% |
138,477
+95,054
| +219% | +$3.97M |
|
|
RIV
2134
RiverNorth Opportunities Fund
RIV
$311M
| $4.67M | ﹤0.01% |
406,648
+80,286
| +25% | +$1M |
|
|
ACP
2135
abrdn Income Credit Strategies Fund
ACP
$635M
| $4.67M | ﹤0.01% |
781,437
+34,235
| +5% | +$219K |
|
2136
American Airlines Group
AAL
$10.1B
| $4.66M | ﹤0.01% |
267,527
-17,910
| -6% | -$257K |
|
2137
LKQ Corp
LKQ
$5.68B
| $4.66M | ﹤0.01% |
126,729
+11,975
| +10% | +$458K |
|
2138
CubeSmart
CUBE
$9.39B
| $4.65M | ﹤0.01% |
108,610
+17,518
| +19% | +$840K |
|
2139
WBI Power Factor High Dividend ETF
WBIY
$62.5M
| $4.64M | ﹤0.01% |
156,053
+8,648
| +6% | +$269K |
|
2140
Northern Trust
NTRS
$33.3B
| $4.63M | ﹤0.01% |
45,184
+20,564
| +84% | +$2.1M |
|
2141
Kimbell Royalty Partners
KRP
$1.48B
| $4.62M | ﹤0.01% |
284,626
+43,852
| +18% | +$703K |
|
2142
Nice
NICE
$5.79B
| $4.61M | ﹤0.01% |
27,136
+12,616
| +87% | +$2.25M |
|
2143
STAG Industrial
STAG
$7.38B
| $4.61M | ﹤0.01% |
136,261
+12,735
| +10% | +$466K |
|
2144
State Street SPDR Bloomberg International Corporate Bond ETF
IBND
$460M
| $4.6M | ﹤0.01% |
162,294
+84,223
| +108% | +$2.47M |
|
|
CSW
2145
CSW Industrials
CSW
$5.2B
| $4.6M | ﹤0.01% |
13,045
+888
| +7% | +$345K |
|
2146
Toro Company
TTC
$8.75B
| $4.6M | ﹤0.01% |
57,435
+14,433
| +34% | +$1.21M |
|
2147
FlexShares High Yield Value-Scored Bond Index Fund
HYGV
$1.09B
| $4.59M | ﹤0.01% |
112,920
+43,069
| +62% | +$1.77M |
|
2148
FT Vest US Equity Buffer ETF September
FSEP
$1.22B
| $4.58M | ﹤0.01% |
100,301
+4,815
| +5% | +$220K |
|
2149
FMC
FMC
$1.34B
| $4.57M | ﹤0.01% |
93,991
+3,256
| +4% | +$190K |
|
2150
Donaldson
DCI
$10.9B
| $4.57M | ﹤0.01% |
67,805
+1,473
| +2% | +$109K |
|
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.