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 Morningstar 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 | |
|---|---|---|---|---|---|---|
2476
Idacorp
IDA
$8.27B
| $1.55M | ﹤0.01% |
15,079
+959
| +7% | +$103K |
|
2477
Kimco Realty
KIM
$17.2B
| $1.55M | ﹤0.01% |
78,423
+5,787
| +8% | +$109K |
|
2478
Invesco S&P SmallCap Industrials ETF
PSCI
$184M
| $1.55M | ﹤0.01% |
14,852
+8,234
| +124% | +$787K |
|
2479
Dorchester Minerals
DMLP
$1.33B
| $1.55M | ﹤0.01% |
51,596
+1,686
| +3% | +$49.5K |
|
2480
PTC
PTC
$15.8B
| $1.54M | ﹤0.01% |
10,848
-977
| -8% | -$129K |
|
|
ACRE
2481
Ares Commercial Real Estate
ACRE
$236M
| $1.54M | ﹤0.01% |
151,928
+3,673
| +2% | +$33.5K |
|
2482
iShares International Treasury Bond ETF
IGOV
$1.53B
| $1.54M | ﹤0.01% |
38,941
+530
| +1% | +$21.1K |
|
2483
ProShares Ultra QQQ
QLD
$12.7B
| $1.54M | ﹤0.01% |
47,862
+748
| +2% | +$20.2K |
|
2484
PDS Biotechnology
PDSB
$38.4M
| $1.54M | ﹤0.01% |
305,462
-22,785
| -7% | -$149K |
|
|
IMVP
2485
Invesco India ETF
IMVP
$125M
| $1.54M | ﹤0.01% |
66,713
+41,154
| +161% | +$893K |
|
2486
Vertiv
VRT
$93B
| $1.53M | ﹤0.01% |
61,814
+4,127
| +7% | +$70.8K |
|
2487
Pacer Trendpilot European Index ETF
PTEU
$37M
| $1.53M | ﹤0.01% |
56,962
-1,281
| -2% | -$33.7K |
|
2488
Delek Logistics
DKL
$3.21B
| $1.53M | ﹤0.01% |
28,033
-852
| -3% | -$42.7K |
|
|
JPXN
2489
iShares JPX-Nikkei 400 ETF
JPXN
$134M
| $1.53M | ﹤0.01% |
23,184
+18,500
| +395% | +$1.19M |
|
|
AFB
2490
AllianceBernstein National Municipal Income Fund
AFB
$313M
| $1.53M | ﹤0.01% |
142,573
+13,417
| +10% | +$142K |
|
2491
Huntsman Corp
HUN
$1.71B
| $1.53M | ﹤0.01% |
56,452
-3,468
| -6% | -$90.1K |
|
2492
Roundhill Ball Metaverse ETF
METV
$209M
| $1.52M | ﹤0.01% |
146,866
-7,493
| -5% | -$71.3K |
|
2493
iShares 25+ Year Treasury STRIPS Bond ETF
GOVZ
$256M
| $1.52M | ﹤0.01% |
28,718
+902
| +3% | +$47.8K |
|
2494
Simmons First National
SFNC
$3.41B
| $1.52M | ﹤0.01% |
88,297
-4,215
| -5% | -$71K |
|
2495
iShares Global Timber & Forestry ETF
WOOD
$268M
| $1.52M | ﹤0.01% |
21,236
-364
| -2% | -$26K |
|
|
CALY
2496
Callaway Golf Company
CALY
$3.32B
| $1.52M | ﹤0.01% |
76,638
+37,686
| +97% | +$754K |
|
|
CGO
2497
Calamos Global Total Return Fund
CGO
$125M
| $1.52M | ﹤0.01% |
156,350
+16,916
| +12% | +$157K |
|
|
MSD
2498
Morgan Stanley Emerging Markets Debt Fund
MSD
$146M
| $1.51M | ﹤0.01% |
235,214
-2,899
| -1% | -$18.9K |
|
2499
Renasant Corp
RNST
$3.98B
| $1.51M | ﹤0.01% |
57,947
-6,137
| -10% | -$170K |
|
2500
Avantis All Equity Markets ETF
AVGE
$1.1B
| $1.51M | ﹤0.01% |
25,215
+19,678
| +355% | +$1.14M |
|
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.