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 | |
|---|---|---|---|---|---|---|
2751
LGI Homes
LGIH
$1.27B
| $1.12M | ﹤0.01% |
8,325
-49
| -0.6% | -$5.88K |
|
2752
AXIS Capital
AXS
$7.68B
| $1.12M | ﹤0.01% |
20,849
+9,559
| +85% | +$523K |
|
2753
Matsons
MATX
$6.13B
| $1.11M | ﹤0.01% |
14,344
-8,403
| -37% | -$576K |
|
2754
BlackRock Energy and Resources Trust
BGR
$421M
| $1.11M | ﹤0.01% |
92,565
+43,073
| +87% | +$518K |
|
2755
HCM Defender 100 Index ETF
QQH
$716M
| $1.11M | ﹤0.01% |
23,502
-1,194
| -5% | -$50K |
|
2756
Helios Technologies
HLIO
$2.57B
| $1.11M | ﹤0.01% |
16,764
+264
| +2% | +$15.6K |
|
2757
Kosmos Energy
KOS
$1.6B
| $1.11M | ﹤0.01% |
184,960
+9,403
| +5% | +$61.2K |
|
2758
RCI Hospitality Holdings
RICK
$192M
| $1.11M | ﹤0.01% |
14,575
+1,876
| +15% | +$141K |
|
2759
Ambarella
AMBA
$3.77B
| $1.11M | ﹤0.01% |
13,214
+3,514
| +36% | +$257K |
|
2760
ALPS International Sector Dividend Dogs ETF
IDOG
$551M
| $1.11M | ﹤0.01% |
39,452
+1,109
| +3% | +$31.1K |
|
2761
FirstService
FSV
$6.48B
| $1.11M | ﹤0.01% |
7,173
+488
| +7% | +$70.9K |
|
2762
Inspire Global Hope ETF
BLES
$160M
| $1.1M | ﹤0.01% |
33,015
+3,517
| +12% | +$115K |
|
2763
US Treasury 6 Month Bill ETF
XBIL
$741M
| $1.1M | ﹤0.01% |
+21,946
| New | +$1.1M |
|
|
TBLU
2764
Tortoise Global Water ETF
TBLU
$57M
| $1.1M | ﹤0.01% |
26,705
-2,281
| -8% | -$91.1K |
|
2765
York Water
YORW
$502M
| $1.1M | ﹤0.01% |
26,633
+460
| +2% | +$20K |
|
2766
Macy's
M
$6.53B
| $1.1M | ﹤0.01% |
68,342
+25,195
| +58% | +$403K |
|
2767
MarketAxess Holdings
MKTX
$5.71B
| $1.1M | ﹤0.01% |
4,193
-2,969
| -41% | -$886K |
|
2768
Verra Mobility
VRRM
$804M
| $1.1M | ﹤0.01% |
55,544
-20,391
| -27% | -$360K |
|
2769
Invesco BulletShares 2029 Municipal Bond ETF
BSMT
$281M
| $1.09M | ﹤0.01% |
47,598
+10,354
| +28% | +$239K |
|
|
FLNA
2770
Filana Therapeutics
FLNA
$48.8M
| $1.09M | ﹤0.01% |
44,574
-7,438
| -14% | -$179K |
|
2771
ProShares DJ Brookfield Global Infrastructure ETF
TOLZ
$176M
| $1.09M | ﹤0.01% |
24,338
-175
| -0.7% | -$7.98K |
|
2772
Invesco Golden Dragon China ETF
PGJ
$98.9M
| $1.09M | ﹤0.01% |
41,033
-42,945
| -51% | -$1.15M |
|
|
PDM
2773
Piedmont Realty Trust
PDM
$1.21B
| $1.09M | ﹤0.01% |
150,178
+5,990
| +4% | +$39.9K |
|
|
WINC
2774
DELISTED
Western Asset Short Duration Income ETF
WINC
| $1.09M | ﹤0.01% |
46,673
-2,387
| -5% | -$56.2K |
|
2775
Vornado Realty Trust
VNO
$7.41B
| $1.09M | ﹤0.01% |
59,841
+37,955
| +173% | +$559K |
|
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.