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 |
State Street SPDR S&P 500 ETF Trust
SPY
|
+$201M |
| 2 |
State Street SPDR Portfolio Intermediate Term Treasury ETF
SPTI
|
+$193M |
| 3 |
Invesco NASDAQ 100 ETF
QQQM
|
+$148M |
| 4 |
Invesco QQQ Trust
QQQ
|
+$137M |
| 5 |
SPYM
State Street SPDR Portfolio S&P 500 ETF
SPYM
|
+$131M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
State Street Energy Select Sector SPDR ETF
XLE
|
+$138M |
| 2 |
SLY
SPDR S&P 600 Small Cap ETF (based on S&P SmallCap 600 Index--symbol SML)
SLY
|
+$137M |
| 3 |
Vanguard Small-Cap ETF
VB
|
+$120M |
| 4 |
iShares ESG Aware MSCI USA ETF
ESGU
|
+$70.9M |
| 5 |
Invesco S&P 500 Low Volatility ETF
SPLV
|
+$67.4M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 6.6% |
| 2 | Financials | 2.98% |
| 3 | Healthcare | 2.91% |
| 4 | Consumer Discretionary | 2.59% |
| 5 | Industrials | 2.23% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
226
Thermo Fisher Scientific
TMO
$213B
| $114M | 0.08% |
218,339
+11,162
| +5% | +$6.02M |
|
227
iShares US Aerospace & Defense ETF
ITA
$14.4B
| $113M | 0.08% |
972,665
+80,644
| +9% | +$9.17M |
|
228
Accenture
ACN
$101B
| $112M | 0.08% |
362,114
+37,701
| +12% | +$11M |
|
229
Invesco S&P 500 Revenue ETF
RWL
$9.66B
| $112M | 0.08% |
1,394,450
+12,530
| +0.9% | +$961K |
|
230
iShares Russell 3000 ETF
IWV
$19.5B
| $111M | 0.08% |
436,487
+7,226
| +2% | +$1.74M |
|
231
CVS Health
CVS
$139B
| $110M | 0.08% |
1,591,525
+69,803
| +5% | +$4.97M |
|
232
Qualcomm
QCOM
$173B
| $108M | 0.08% |
908,152
+93,156
| +11% | +$10.7M |
|
233
Waste Management
WM
$96B
| $108M | 0.08% |
621,911
+4,383
| +0.7% | +$725K |
|
234
State Street Materials Select Sector SPDR ETF
XLB
$8.85B
| $108M | 0.08% |
2,601,398
+84,836
| +3% | +$3.37M |
|
235
First Trust NASDAQ Technology Dividend Index Fund
TDIV
$4.12B
| $107M | 0.08% |
1,831,882
+560,983
| +44% | +$30.6M |
|
236
Invesco Dividend Achievers ETF
PFM
$800M
| $107M | 0.08% |
2,801,986
-169,993
| -6% | -$6.29M |
|
237
First Trust Global Tactical Commodity Strategy Fund
FTGC
$2.95B
| $105M | 0.07% |
4,596,404
-1,047,460
| -19% | -$24.1M |
|
238
First Trust Limited Duration Investment Grade Corporate ETF
FSIG
$1.51B
| $104M | 0.07% |
5,612,196
+1,177,844
| +27% | +$22.1M |
|
239
Union Pacific
UNP
$176B
| $104M | 0.07% |
509,956
+29,192
| +6% | +$5.8M |
|
240
Vanguard S&P 500 Growth ETF
VOOG
$25.3B
| $104M | 0.07% |
2,450,544
-59,214
| -2% | -$2.35M |
|
241
Invesco S&P MidCap Quality ETF
XMHQ
$5.47B
| $103M | 0.07% |
1,277,912
+183,639
| +17% | +$13.7M |
|
242
State Street DoubleLine Total Return Tactical ETF
TOTL
$4.11B
| $103M | 0.07% |
2,542,777
+219,145
| +9% | +$8.92M |
|
243
First Trust Managed Municipal ETF
FMB
$2.04B
| $103M | 0.07% |
2,034,423
+46,498
| +2% | +$2.36M |
|
244
Kimberly-Clark
KMB
$37.6B
| $102M | 0.07% |
741,995
-18,961
| -2% | -$2.64M |
|
245
Medtronic
MDT
$112B
| $102M | 0.07% |
1,162,041
+144,810
| +14% | +$12.5M |
|
246
First Trust Large Cap Growth AlphaDEX Fund
FTC
$1.29B
| $102M | 0.07% |
1,002,811
+43,029
| +4% | +$4.07M |
|
247
Honeywell
HON
$78.5B
| $102M | 0.07% |
519,317
+16,995
| +3% | +$3.16M |
|
248
Vanguard Consumer Staples ETF
VDC
$8.15B
| $101M | 0.07% |
517,312
+5,356
| +1% | +$1.05M |
|
249
Invesco S&P SmallCap 600 Revenue ETF
RWJ
$2.09B
| $101M | 0.07% |
2,660,745
+518,253
| +24% | +$18.9M |
|
250
Air Products & Chemicals
APD
$65.8B
| $100M | 0.07% |
334,405
+29,677
| +10% | +$8.45M |
|
Similar funds
LPL Financial's Q2 2023 Portfolio in Review
As of Q2 2023, LPL Financial held 4,765 positions worth $140B, up 8.9% from $128B the previous quarter. Its ten largest holdings account for 18% of the portfolio.
LPL Financial deployed $5.43B of net new capital in Q2 2023, opening 284 new positions and adding to 2,591 existing holdings. Its largest new stake was FT Vest Rising Dividend Achievers Target Income ETF: 1,897,918 shares worth $41.7M.
By sector, the portfolio is most concentrated in Technology at 6.6% of assets, up from 6% 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 $138M trimmed.
- LPL Financial's largest Q2 2023 buy was FT Vest Rising Dividend Achievers Target Income ETF: 1,897,918 shares worth $41.7M.
- LPL Financial added most to State Street SPDR S&P 500 ETF Trust in Q2 2023, an estimated $201M increase.
- LPL Financial's biggest Q2 2023 reduction was State Street Energy Select Sector SPDR ETF, cutting an estimated $138M.
- LPL Financial fully exited SPDR S&P 600 Small Cap ETF (based on S&P SmallCap 600 Index--symbol SML) in Q2 2023, selling an estimated $137M.
- LPL Financial's ten largest holdings make up 18% of its $140B portfolio in Q2 2023.
- LPL Financial opened 284 new positions and closed 181 in Q2 2023.
- LPL Financial's portfolio value rose 8.9% quarter-over-quarter to $140B.
Based on LPL Financial's 13F filing for Q2 2023, filed 31 Jul 2023.