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 | |
|---|---|---|---|---|---|---|
2201
Invesco Municipal Trust
VKQ
$538M
| $4.31M | ﹤0.01% |
438,904
+328,085
| +296% | +$3.29M |
|
2202
Toast
TOST
$19B
| $4.3M | ﹤0.01% |
118,018
-6,828
| -5% | -$240K |
|
2203
Innovator US Equity Power Buffer ETF February
PFEB
$920M
| $4.3M | ﹤0.01% |
116,744
-2,944
| -2% | -$107K |
|
2204
VF Corp
VFC
$5.91B
| $4.29M | ﹤0.01% |
199,820
-78,049
| -28% | -$1.59M |
|
2205
Alphatec Holdings
ATEC
$1.55B
| $4.28M | ﹤0.01% |
413,235
+68,516
| +20% | +$547K |
|
2206
Viper Energy
VNOM
$8.55B
| $4.27M | ﹤0.01% |
87,033
+14,118
| +19% | +$727K |
|
2207
Tecnoglass Holdings Inc.
TGLS
$2B
| $4.27M | ﹤0.01% |
53,823
-6,477
| -11% | -$493K |
|
2208
Moelis & Co
MC
$4.98B
| $4.27M | ﹤0.01% |
57,774
+7,213
| +14% | +$522K |
|
2209
Prospect Capital
PSEC
$1.09B
| $4.26M | ﹤0.01% |
988,657
-16,143
| -2% | -$77.4K |
|
2210
Akamai
AKAM
$17.1B
| $4.26M | ﹤0.01% |
44,532
-18,847
| -30% | -$1.85M |
|
2211
VictoryShares US Multi-Factor Minimum Volatility ETF
VSMV
$155M
| $4.26M | ﹤0.01% |
88,650
-1,086
| -1% | -$53.3K |
|
2212
Nuveen Municipal High Income Opportunity Fund
NMZ
$2.19B
| $4.26M | ﹤0.01% |
393,775
+2,550
| +0.7% | +$28.8K |
|
|
IGD
2213
Voya Global Equity Dividend and Premium Opportunity Fund
IGD
$513M
| $4.25M | ﹤0.01% |
784,229
+33,668
| +4% | +$186K |
|
2214
Axcelis
ACLS
$4.01B
| $4.25M | ﹤0.01% |
60,834
+16,152
| +36% | +$1.34M |
|
2215
Invesco S&P 500 Value with Momentum ETF
SPVM
$131M
| $4.23M | ﹤0.01% |
73,515
+2,935
| +4% | +$176K |
|
2216
American Conservative Values ETF
ACVF
$153M
| $4.23M | ﹤0.01% |
96,699
+10,471
| +12% | +$468K |
|
2217
United States Natural Gas Fund
UNG
$472M
| $4.22M | ﹤0.01% |
251,272
-8,937
| -3% | -$128K |
|
2218
ScottsMiracle-Gro
SMG
$3.89B
| $4.22M | ﹤0.01% |
63,592
+5,275
| +9% | +$417K |
|
2219
Nuveen ESG International Developed Markets Equity ETF
NUDM
$708M
| $4.21M | ﹤0.01% |
140,199
+1,628
| +1% | +$52.1K |
|
2220
iShares ESG Screened S&P Mid-Cap ETF
XJH
$421M
| $4.21M | ﹤0.01% |
100,712
+11,668
| +13% | +$505K |
|
2221
HealthEquity
HQY
$8.66B
| $4.21M | ﹤0.01% |
42,256
+4,451
| +12% | +$415K |
|
|
NHS
2222
Neuberger High Yield Strategies Fund Inc
NHS
$251M
| $4.21M | ﹤0.01% |
561,735
-1,991
| -0.4% | -$15.9K |
|
2223
Global X Alternative Income ETF
ALTY
$45.8M
| $4.19M | ﹤0.01% |
361,341
-16,383
| -4% | -$195K |
|
|
ANSS
2224
DELISTED
Ansys
ANSS
| $4.17M | ﹤0.01% |
12,373
+2,533
| +26% | +$849K |
|
2225
WisdomTree International Multifactor Fund
DWMF
$33.7M
| $4.17M | ﹤0.01% |
154,920
+5,676
| +4% | +$155K |
|
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.