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 | |
|---|---|---|---|---|---|---|
251
Capital Group Growth ETF
CGGR
$23.7B
| $100M | 0.07% |
3,965,023
+679,156
| +21% | +$15.8M |
|
252
Pacer Trendpilot US Large Cap ETF
PTLC
$3.24B
| $98.7M | 0.07% |
2,390,367
-11,629
| -0.5% | -$454K |
|
253
iShares Russell Mid-Cap Value ETF
IWS
$15.8B
| $98.3M | 0.07% |
894,901
-10,839
| -1% | -$1.14M |
|
254
Vanguard Extended Market ETF
VXF
$30.5B
| $98.1M | 0.07% |
658,831
+18,870
| +3% | +$2.65M |
|
255
Vanguard Short-Term Inflation-Protected Securities Index Fund
VTIP
$19.1B
| $97.3M | 0.07% |
2,052,595
-4,089
| -0.2% | -$195K |
|
256
iShares MSCI USA Momentum Factor ETF
MTUM
$24.4B
| $96.3M | 0.07% |
667,786
-167,943
| -20% | -$23.6M |
|
257
Palo Alto Networks
PANW
$260B
| $96.1M | 0.07% |
751,884
+44,114
| +6% | +$4.59M |
|
258
State Street SPDR Portfolio MSCI Global Stock Market ETF
SPGM
$1.7B
| $95.4M | 0.07% |
1,821,962
+207,260
| +13% | +$10.5M |
|
259
Automatic Data Processing
ADP
$106B
| $95.3M | 0.07% |
433,561
+60,408
| +16% | +$13M |
|
260
State Street SPDR S&P 400 Mid Cap Growth ETF
MDYG
$2.83B
| $94.8M | 0.07% |
1,322,551
+123,207
| +10% | +$8.42M |
|
261
Altria Group
MO
$125B
| $94.5M | 0.07% |
2,086,775
+233,352
| +13% | +$10.6M |
|
262
Enbridge
ENB
$121B
| $94.1M | 0.07% |
2,534,010
+166,751
| +7% | +$6.36M |
|
263
Janus Henderson Short Duration Income ETF
VNLA
$3.33B
| $92.5M | 0.07% |
1,934,674
+93,104
| +5% | +$4.44M |
|
264
VanEck Gold Miners ETF
GDX
$22.7B
| $90.7M | 0.06% |
3,011,988
+383,473
| +15% | +$12.5M |
|
265
Illinois Tool Works
ITW
$84.9B
| $90.4M | 0.06% |
361,422
+20,781
| +6% | +$4.87M |
|
266
State Street SPDR S&P Aerospace & Defense ETF
XAR
$6.08B
| $90.3M | 0.06% |
743,334
+19,456
| +3% | +$2.26M |
|
267
iShares Semiconductor ETF
SOXX
$40.6B
| $90.3M | 0.06% |
534,249
+35,580
| +7% | +$5.34M |
|
268
Crown Castle
CCI
$33.1B
| $90.3M | 0.06% |
792,595
+49,265
| +7% | +$5.86M |
|
269
Invesco S&P MidCap Momentum ETF
XMMO
$7.15B
| $89.6M | 0.06% |
1,126,791
-178,040
| -14% | -$13.4M |
|
270
Ford
F
$59.6B
| $89.4M | 0.06% |
5,906,341
+227,276
| +4% | +$2.88M |
|
271
VictoryShares US EQ Income Enhanced Volatility Wtd ETF
CDC
$755M
| $89.2M | 0.06% |
1,549,421
-253,980
| -14% | -$14.9M |
|
272
iShares S&P Mid-Cap 400 Growth ETF
IJK
$10.8B
| $88M | 0.06% |
1,173,583
+291,713
| +33% | +$20.8M |
|
273
Global X S&P 500 Covered Call ETF
XYLD
$3.21B
| $87.9M | 0.06% |
2,141,481
+368,488
| +21% | +$15M |
|
274
American Express
AXP
$227B
| $87.1M | 0.06% |
499,875
+25,173
| +5% | +$4.06M |
|
275
iShares MSCI Emerging Markets ETF
EEM
$28B
| $87M | 0.06% |
2,200,245
+51,369
| +2% | +$2.02M |
|
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.