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 US Treasury Bond ETF
GOVT
|
+$2.1B |
| 2 |
BlackRock US Equity Factor Rotation ETF
DYNF
|
+$559M |
| 3 |
State Street SPDR Portfolio Intermediate Term Corporate Bond ETF
SPIB
|
+$548M |
| 4 |
iShares Core Universal USD Bond ETF
IUSB
|
+$408M |
| 5 |
iShares S&P 500 Value ETF
IVE
|
+$368M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Vanguard Total Bond Market
BND
|
+$1.4B |
| 2 |
Vanguard Total Stock Market ETF
VTI
|
+$380M |
| 3 |
iShares Core S&P 500 ETF
IVV
|
+$360M |
| 4 |
iShares Treasury Floating Rate Bond ETF
TFLO
|
+$298M |
| 5 |
iShares ESG Aware MSCI USA ETF
ESGU
|
+$149M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 7.21% |
| 2 | Financials | 3.26% |
| 3 | Healthcare | 2.83% |
| 4 | Consumer Discretionary | 2.64% |
| 5 | Industrials | 2.38% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
201
Vanguard Large-Cap ETF
VV
$51.6B
| $165M | 0.09% |
689,312
+18,258
| +3% | +$4.18M |
|
202
Vanguard Small-Cap Growth ETF
VBK
$22.8B
| $165M | 0.09% |
632,610
+24,044
| +4% | +$5.91M |
|
203
State Street SPDR Bloomberg 3-12 Month T-Bill ETF
BILS
$3.89B
| $164M | 0.09% |
1,654,282
+157,211
| +11% | +$15.6M |
|
204
iShares Semiconductor ETF
SOXX
$39.2B
| $164M | 0.09% |
727,407
+117,891
| +19% | +$24.5M |
|
205
iShares Floating Rate Bond ETF
FLOT
$10.2B
| $163M | 0.09% |
3,198,183
+188,057
| +6% | +$9.57M |
|
206
Oracle
ORCL
$339B
| $162M | 0.09% |
1,287,722
+74,259
| +6% | +$8.5M |
|
207
iShares 10-20 Year Treasury Bond ETF
TLH
$11.1B
| $161M | 0.09% |
1,535,956
+395,951
| +35% | +$41.5M |
|
208
Accenture
ACN
$106B
| $161M | 0.09% |
465,151
+51,766
| +13% | +$18.9M |
|
209
Goldman Sachs Access US Aggregate Bond ETF
GCOR
$792M
| $157M | 0.08% |
3,815,679
-1,545,795
| -29% | -$63.6M |
|
210
iShares TIPS Bond ETF
TIP
$14.5B
| $157M | 0.08% |
1,460,373
-195,374
| -12% | -$20.9M |
|
211
First Trust Dow Jones Internet Index Fund ETF
FDN
$5B
| $157M | 0.08% |
763,680
+71,830
| +10% | +$14.2M |
|
212
ARK Innovation ETF
ARKK
$5.65B
| $156M | 0.08% |
3,115,059
-223,658
| -7% | -$10.9M |
|
213
AT&T
T
$168B
| $156M | 0.08% |
8,862,818
+203,037
| +2% | +$3.47M |
|
214
iShares S&P 100 ETF
OEF
$19.7B
| $155M | 0.08% |
624,578
-569,330
| -48% | -$134M |
|
215
Palo Alto Networks
PANW
$257B
| $154M | 0.08% |
1,085,494
+197,698
| +22% | +$31.2M |
|
216
Vanguard S&P 500 Growth ETF
VOOG
$24.9B
| $153M | 0.08% |
3,014,574
-20,898
| -0.7% | -$1.01M |
|
217
Deere & Co
DE
$166B
| $152M | 0.08% |
370,450
+8,110
| +2% | +$3.11M |
|
218
Duke Energy
DUK
$101B
| $152M | 0.08% |
1,569,361
+7,407
| +0.5% | +$703K |
|
219
iShares 3-7 Year Treasury Bond ETF
IEI
$18.1B
| $152M | 0.08% |
1,310,081
+173,707
| +15% | +$20.2M |
|
|
NVO
220
Novo Nordisk
NVO
$228B
| $151M | 0.08% |
1,174,615
+237,444
| +25% | +$28.3M |
|
221
Southern Company
SO
$109B
| $151M | 0.08% |
2,098,959
+13,500
| +0.6% | +$932K |
|
222
Waste Management
WM
$97.3B
| $150M | 0.08% |
703,591
+20,309
| +3% | +$3.99M |
|
223
JPMorgan BetaBuilders US Equity ETF
BBUS
$8.7B
| $150M | 0.08% |
1,587,576
+271,157
| +21% | +$24.4M |
|
224
JPMorgan Active Value ETF
JAVA
$6.78B
| $149M | 0.08% |
2,492,192
+427,344
| +21% | +$24.3M |
|
225
Invesco Preferred ETF
PGX
$3.8B
| $147M | 0.08% |
12,381,622
+1,657,468
| +15% | +$19.5M |
|
Similar funds
LPL Financial's Q1 2024 Portfolio in Review
As of Q1 2024, LPL Financial held 5,089 positions worth $186B, up 13% from $165B the previous quarter. Its ten largest holdings account for 16% of the portfolio.
LPL Financial deployed $9.13B of net new capital in Q1 2024, opening 298 new positions and adding to 2,838 existing holdings. Its largest new stake was JPMorgan Global Select Equity ETF: 859,035 shares worth $49.3M.
By sector, the portfolio is most concentrated in Technology at 7.2% of assets, up from 6.9% a quarter earlier, followed by Financials and Healthcare.
On the sell side, the largest reduction was Vanguard Total Bond Market, an estimated $1.4B trimmed.
- LPL Financial's largest Q1 2024 buy was JPMorgan Global Select Equity ETF: 859,035 shares worth $49.3M.
- LPL Financial added most to iShares US Treasury Bond ETF in Q1 2024, an estimated $2.1B increase.
- LPL Financial's biggest Q1 2024 reduction was Vanguard Total Bond Market, cutting an estimated $1.4B.
- LPL Financial fully exited WisdomTree Emerging Currency Strategy Fund in Q1 2024, selling an estimated $13.1M.
- LPL Financial's ten largest holdings make up 16% of its $186B portfolio in Q1 2024.
- LPL Financial opened 298 new positions and closed 179 in Q1 2024.
- LPL Financial's portfolio value rose 13% quarter-over-quarter to $186B.
Based on LPL Financial's 13F filing for Q1 2024, filed 10 May 2024.