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 MSCI EAFE Value ETF
EFV
|
+$337M |
| 2 |
iShares Core Universal USD Bond ETF
IUSB
|
+$308M |
| 3 |
SPYM
State Street SPDR Portfolio S&P 500 ETF
SPYM
|
+$228M |
| 4 |
Microsoft
MSFT
|
+$197M |
| 5 |
Apple
AAPL
|
+$196M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
State Street Energy Select Sector SPDR ETF
XLE
|
+$89.7M |
| 2 |
iShares Currency Hedged MSCI EAFE ETF
HEFA
|
+$79.9M |
| 3 |
Invesco Russell 1000 Dynamic Multifactor ETF
OMFL
|
+$77.7M |
| 4 |
iShares Core MSCI Emerging Markets ETF
IEMG
|
+$48.7M |
| 5 |
iShares Russell Mid-Cap ETF
IWR
|
+$43.6M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 7.9% |
| 2 | Financials | 3.36% |
| 3 | Healthcare | 2.79% |
| 4 | Consumer Discretionary | 2.72% |
| 5 | Industrials | 2.38% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
201
iShares 10-20 Year Treasury Bond ETF
TLH
$11.1B
| $199M | 0.09% |
1,820,759
+103,828
| +6% | +$11.1M |
|
202
iShares Select Dividend ETF
DVY
$24.1B
| $198M | 0.09% |
1,465,825
+64,620
| +5% | +$8.35M |
|
203
iShares 0-1 Year Treasury Bond ETF
SHV
$20.8B
| $198M | 0.09% |
1,787,257
+1,983
| +0.1% | +$219K |
|
204
First Trust NASDAQ Cybersecurity ETF
CIBR
$14B
| $197M | 0.09% |
3,333,428
+171,297
| +5% | +$9.78M |
|
205
Amplify CWP Enhanced Dividend Income ETF
DIVO
$7.55B
| $197M | 0.09% |
4,791,328
+304,940
| +7% | +$12.1M |
|
206
Vanguard Health Care ETF
VHT
$18.6B
| $196M | 0.09% |
695,017
-15,454
| -2% | -$4.29M |
|
207
JPMorgan Active Growth ETF
JGRO
$9.24B
| $196M | 0.09% |
2,544,590
+394,221
| +18% | +$29.2M |
|
208
Global X NASDAQ-100 Covered Call ETF
QYLD
$7.99B
| $194M | 0.09% |
10,773,911
+646,364
| +6% | +$11.4M |
|
209
State Street Real Estate Select Sector SPDR ETF
XLRE
$8.73B
| $194M | 0.09% |
4,338,265
+1,200,432
| +38% | +$50.6M |
|
210
Vanguard Long-Term Bond ETF
BLV
$5.81B
| $191M | 0.08% |
2,534,316
+163,370
| +7% | +$12M |
|
211
Starbucks
SBUX
$118B
| $190M | 0.08% |
1,948,686
+85,255
| +5% | +$7.31M |
|
212
iShares S&P 100 ETF
OEF
$19.8B
| $190M | 0.08% |
684,864
+24,946
| +4% | +$6.67M |
|
213
Accenture
ACN
$101B
| $188M | 0.08% |
532,534
+42,753
| +9% | +$14.1M |
|
214
Southern Company
SO
$109B
| $187M | 0.08% |
2,072,170
-67,300
| -3% | -$5.75M |
|
215
State Street SPDR Portfolio Short Term Treasury ETF
SPTS
$6.1B
| $187M | 0.08% |
6,350,449
-222,840
| -3% | -$6.5M |
|
216
United Parcel Service
UPS
$89.7B
| $183M | 0.08% |
1,345,499
+85,794
| +7% | +$11.3M |
|
217
JPMorgan International Research Enhanced Equity ETF
JIRE
$11B
| $183M | 0.08% |
2,776,806
+492,080
| +22% | +$31.5M |
|
218
iShares ESG Aware MSCI USA ETF
ESGU
$17.8B
| $183M | 0.08% |
1,448,809
+6,472
| +0.4% | +$786K |
|
219
Vanguard Small-Cap Growth ETF
VBK
$23.2B
| $183M | 0.08% |
683,432
+8,168
| +1% | +$2.09M |
|
220
First Trust NASDAQ Technology Dividend Index Fund
TDIV
$4.11B
| $182M | 0.08% |
2,264,110
+142,042
| +7% | +$10.9M |
|
221
Duke Energy
DUK
$101B
| $181M | 0.08% |
1,572,402
-53,588
| -3% | -$5.96M |
|
222
iShares Semiconductor ETF
SOXX
$40.6B
| $176M | 0.08% |
765,304
-11,330
| -1% | -$2.6M |
|
223
Walt Disney
DIS
$172B
| $175M | 0.08% |
1,815,926
+25,289
| +1% | +$2.33M |
|
224
iShares Floating Rate Bond ETF
FLOT
$10.2B
| $174M | 0.08% |
3,406,304
-89,882
| -3% | -$4.58M |
|
225
American Express
AXP
$227B
| $173M | 0.08% |
639,199
+36,367
| +6% | +$9.06M |
|
Similar funds
LPL Financial's Q3 2024 Portfolio in Review
As of Q3 2024, LPL Financial held 5,335 positions worth $224B, up 12% from $201B the previous quarter. Its ten largest holdings account for 16% of the portfolio.
LPL Financial deployed $12.1B of net new capital in Q3 2024, opening 324 new positions and adding to 3,037 existing holdings. Its largest new stake was AB International Low Volatility Equity ETF: 419,588 shares worth $15.4M.
By sector, the portfolio is most concentrated in Technology at 7.9% of assets, down from 8.1% a quarter earlier, followed by Financials and Healthcare.
On the sell side, the largest reduction was State Street Energy Select Sector SPDR ETF, an estimated $89.7M trimmed.
- LPL Financial's largest Q3 2024 buy was AB International Low Volatility Equity ETF: 419,588 shares worth $15.4M.
- LPL Financial added most to iShares MSCI EAFE Value ETF in Q3 2024, an estimated $337M increase.
- LPL Financial's biggest Q3 2024 reduction was State Street Energy Select Sector SPDR ETF, cutting an estimated $89.7M.
- LPL Financial fully exited Encore Wire Corp in Q3 2024, selling an estimated $15.2M.
- LPL Financial's ten largest holdings make up 16% of its $224B portfolio in Q3 2024.
- LPL Financial opened 324 new positions and closed 179 in Q3 2024.
- LPL Financial's portfolio value rose 12% quarter-over-quarter to $224B.
Based on LPL Financial's 13F filing for Q3 2024, filed 8 Nov 2024.