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 S&P 500 Growth ETF
IVW
|
+$346M |
| 2 |
Apple
AAPL
|
+$225M |
| 3 |
iShares MSCI EAFE Growth ETF
EFG
|
+$223M |
| 4 |
Microsoft
MSFT
|
+$217M |
| 5 |
BlackRock US Equity Factor Rotation ETF
DYNF
|
+$181M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
iShares MSCI EAFE Value ETF
EFV
|
+$124M |
| 2 |
Vanguard Total Bond Market
BND
|
+$66.2M |
| 3 |
iShares ESG Aware MSCI USA ETF
ESGU
|
+$64.2M |
| 4 |
iShares Global Energy ETF
IXC
|
+$62.3M |
| 5 |
State Street Health Care Select Sector SPDR ETF
XLV
|
+$60.6M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 8.15% |
| 2 | Financials | 3.16% |
| 3 | Healthcare | 2.8% |
| 4 | Consumer Discretionary | 2.64% |
| 5 | Industrials | 2.29% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
201
iShares S&P 100 ETF
OEF
$19.8B
| $174M | 0.09% |
659,918
+35,340
| +6% | +$8.84M |
|
202
Amplify CWP Enhanced Dividend Income ETF
DIVO
$7.41B
| $174M | 0.09% |
4,486,388
+233,078
| +5% | +$8.96M |
|
203
Lowe's Companies
LOW
$116B
| $173M | 0.09% |
782,877
+54,202
| +7% | +$12.4M |
|
204
United Parcel Service
UPS
$97.6B
| $172M | 0.09% |
1,259,705
+82,251
| +7% | +$11.8M |
|
|
205
iShares ESG Aware MSCI USA ETF
ESGU
$17.6B
| $172M | 0.09% |
1,442,337
-558,589
| -28% | -$64.2M |
|
206
AT&T
T
$165B
| $171M | 0.08% |
8,924,668
+61,850
| +0.7% | +$1.08M |
|
207
TSMC
TSM
$2.09T
| $170M | 0.08% |
976,227
+282,839
| +41% | +$42.9M |
|
208
iShares Select Dividend ETF
DVY
$24B
| $170M | 0.08% |
1,401,205
+34,221
| +3% | +$4.15M |
|
209
Vanguard Small-Cap Growth ETF
VBK
$23.2B
| $169M | 0.08% |
675,264
+42,654
| +7% | +$10.6M |
|
210
iShares 3-7 Year Treasury Bond ETF
IEI
$18.1B
| $168M | 0.08% |
1,451,347
+141,266
| +11% | +$16.2M |
|
211
Boeing
BA
$165B
| $167M | 0.08% |
916,221
+43,324
| +5% | +$7.72M |
|
212
Invesco S&P MidCap Momentum ETF
XMMO
$7.39B
| $167M | 0.08% |
1,462,834
+23,229
| +2% | +$2.62M |
|
213
Vanguard Long-Term Bond ETF
BLV
$5.75B
| $167M | 0.08% |
2,370,946
-20,008
| -0.8% | -$1.4M |
|
214
Southern Company
SO
$110B
| $166M | 0.08% |
2,139,470
+40,511
| +2% | +$3.07M |
|
215
Vanguard S&P 500 Growth ETF
VOOG
$25.4B
| $165M | 0.08% |
2,974,566
-40,008
| -1% | -$2.07M |
|
216
FT Vest Fund of Nasdaq-100 Buffer ETFs
BUFQ
$1.49B
| $165M | 0.08% |
5,588,406
+747,168
| +15% | +$21.4M |
|
217
JPMorgan BetaBuilders US Equity ETF
BBUS
$8.59B
| $165M | 0.08% |
1,679,655
+92,079
| +6% | +$8.7M |
|
218
Invesco S&P 500 Low Volatility ETF
SPLV
$7.2B
| $164M | 0.08% |
2,525,692
-25,398
| -1% | -$1.64M |
|
219
Waste Management
WM
$95.9B
| $164M | 0.08% |
767,811
+64,220
| +9% | +$13.3M |
|
220
Duke Energy
DUK
$102B
| $163M | 0.08% |
1,625,990
+56,629
| +4% | +$5.66M |
|
221
JPMorgan Active Growth ETF
JGRO
$9.38B
| $162M | 0.08% |
2,150,369
+863,987
| +67% | +$61.2M |
|
222
First Trust NASDAQ Technology Dividend Index Fund
TDIV
$4.06B
| $161M | 0.08% |
2,122,068
+11,661
| +0.6% | +$829K |
|
223
JPMorgan US Quality Factor ETF
JQUA
$8.09B
| $160M | 0.08% |
3,028,907
+437,404
| +17% | +$22.6M |
|
224
Goldman Sachs Access US Aggregate Bond ETF
GCOR
$791M
| $159M | 0.08% |
3,893,201
+77,522
| +2% | +$3.14M |
|
225
Capital Group Core Equity ETF
CGUS
$11.1B
| $158M | 0.08% |
4,913,710
+883,726
| +22% | +$27.6M |
|
Similar funds
LPL Financial's Q2 2024 Portfolio in Review
As of Q2 2024, LPL Financial held 5,204 positions worth $201B, up 7.8% from $186B the previous quarter. Its ten largest holdings account for 17% of the portfolio.
LPL Financial deployed $11.6B of net new capital in Q2 2024, opening 296 new positions and adding to 3,022 existing holdings. Its largest new stake was AB Short Duration High Yield ETF: 1,874,937 shares worth $65.8M.
By sector, the portfolio is most concentrated in Technology at 8.1% of assets, up from 7.2% a quarter earlier, followed by Financials and Healthcare.
On the sell side, the largest reduction was iShares MSCI EAFE Value ETF, an estimated $124M trimmed.
- LPL Financial's largest Q2 2024 buy was AB Short Duration High Yield ETF: 1,874,937 shares worth $65.8M.
- LPL Financial added most to iShares S&P 500 Growth ETF in Q2 2024, an estimated $346M increase.
- LPL Financial's biggest Q2 2024 reduction was iShares MSCI EAFE Value ETF, cutting an estimated $124M.
- LPL Financial fully exited Pioneer Natural Resource Co. in Q2 2024, selling an estimated $30.9M.
- LPL Financial's ten largest holdings make up 17% of its $201B portfolio in Q2 2024.
- LPL Financial opened 296 new positions and closed 196 in Q2 2024.
- LPL Financial's portfolio value rose 7.8% quarter-over-quarter to $201B.
Based on LPL Financial's 13F filing for Q2 2024, filed 7 Aug 2024.