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 | |
|---|---|---|---|---|---|---|
2426
Invesco Advantage Municipal Income Trust II
VKI
$394M
| $3.28M | ﹤0.01% |
375,183
+342,694
| +1,055% | +$3.09M |
|
2427
iShares MSCI Poland ETF
EPOL
$734M
| $3.27M | ﹤0.01% |
156,819
-343,152
| -69% | -$7.69M |
|
2428
Vericel Corp
VCEL
$2.36B
| $3.27M | ﹤0.01% |
56,674
+12,268
| +28% | +$621K |
|
2429
Innovator Defined Wealth Shield ETF
BALT
$2.76B
| $3.27M | ﹤0.01% |
104,017
+77,276
| +289% | +$2.41M |
|
2430
EPR Properties
EPR
$4.69B
| $3.27M | ﹤0.01% |
73,807
+4,005
| +6% | +$183K |
|
|
THW
2431
abrdn World Healthcare Fund
THW
$540M
| $3.26M | ﹤0.01% |
295,847
-3,292
| -1% | -$40.1K |
|
2432
Haemonetics
HAE
$3.94B
| $3.26M | ﹤0.01% |
44,106
+14,806
| +51% | +$1.19M |
|
2433
First Majestic Silver
AG
$7.74B
| $3.25M | ﹤0.01% |
592,683
+295,488
| +99% | +$1.91M |
|
|
MILN
2434
Global X Millennial Consumer ETF
MILN
$101M
| $3.25M | ﹤0.01% |
72,298
+3,735
| +5% | +$167K |
|
2435
State Street Income Allocation ETF
INKM
$74.7M
| $3.25M | ﹤0.01% |
103,798
-14,828
| -12% | -$479K |
|
2436
Novanta
NOVT
$5.28B
| $3.25M | ﹤0.01% |
21,537
+3,528
| +20% | +$597K |
|
2437
Celanese
CE
$4.81B
| $3.24M | ﹤0.01% |
46,885
-225,560
| -83% | -$21.7M |
|
2438
ZIM Integrated Shipping Services
ZIM
$3.14B
| $3.24M | ﹤0.01% |
151,011
-89,760
| -37% | -$1.97M |
|
|
PBT
2439
Permian Basin Royalty Trust
PBT
$1.41B
| $3.24M | ﹤0.01% |
292,045
+20,496
| +8% | +$246K |
|
2440
Zions Bancorporation
ZION
$10.3B
| $3.23M | ﹤0.01% |
59,609
-1,144
| -2% | -$62.7K |
|
2441
Pinnacle Financial Partners Inc
PNFP
$16.2B
| $3.23M | ﹤0.01% |
28,255
+8,816
| +45% | +$994K |
|
2442
Ciena
CIEN
$55.3B
| $3.22M | ﹤0.01% |
38,023
+14,994
| +65% | +$1.08M |
|
2443
FT Vest US Equity Moderate Buffer ETF May
GMAY
$535M
| $3.22M | ﹤0.01% |
87,359
+65,476
| +299% | +$2.41M |
|
2444
Forestar Group
FOR
$1.47B
| $3.22M | ﹤0.01% |
124,182
+4,161
| +3% | +$124K |
|
|
PR
2445
Permian Resources
PR
$17.5B
| $3.22M | ﹤0.01% |
223,762
+47,087
| +27% | +$682K |
|
2446
Tortoise North American Pipeline ETF
TPYP
$868M
| $3.21M | ﹤0.01% |
94,062
-5,271
| -5% | -$179K |
|
2447
Hartford Multifactor Small Cap ETF
ROSC
$62.3M
| $3.2M | ﹤0.01% |
73,464
+13,584
| +23% | +$610K |
|
2448
ProShares Short QQQ
PSQ
$745M
| $3.2M | ﹤0.01% |
85,531
-33,283
| -28% | -$1.27M |
|
|
HPS
2449
John Hancock Preferred Income Fund III
HPS
$458M
| $3.2M | ﹤0.01% |
212,722
+112,363
| +112% | +$1.79M |
|
2450
Fabrinet
FN
$16.3B
| $3.2M | ﹤0.01% |
14,531
+7,624
| +110% | +$1.84M |
|
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.