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 | |
|---|---|---|---|---|---|---|
|
AIVC
2801
Amplify Bloomberg AI Equal Weight ETF
AIVC
$113M
| $1.04M | ﹤0.01% |
29,319
-6,645
| -18% | -$219K |
|
2802
Wyndham Hotels & Resorts
WH
$5.56B
| $1.04M | ﹤0.01% |
15,194
+727
| +5% | +$49.6K |
|
2803
Core Alternative Capital
CCOR
$27.8M
| $1.04M | ﹤0.01% |
37,198
-36,553
| -50% | -$1.05M |
|
2804
Vipshop
VIPS
$7.37B
| $1.04M | ﹤0.01% |
62,907
+31,709
| +102% | +$496K |
|
2805
AeroVironment
AVAV
$7.56B
| $1.04M | ﹤0.01% |
10,144
+261
| +3% | +$26.3K |
|
2806
Dimensional International Small Cap Value ETF
DISV
$4.95B
| $1.04M | ﹤0.01% |
43,832
+14,237
| +48% | +$342K |
|
|
EAD
2807
Allspring Income Opportunities Fund
EAD
$372M
| $1.04M | ﹤0.01% |
160,554
-16,974
| -10% | -$107K |
|
2808
PUT
Meta Platforms (Facebook)
META
$1.42T
| $1.03M | ﹤0.01% |
+3,600
| New | +$888K |
|
|
PRO
2809
DELISTED
PROS Holdings
PRO
| $1.03M | ﹤0.01% |
33,528
+1,986
| +6% | +$55.8K |
|
2810
Saic
SAIC
$4.95B
| $1.03M | ﹤0.01% |
9,175
-267
| -3% | -$27.7K |
|
|
JNPR
2811
DELISTED
Juniper Networks
JNPR
| $1.03M | ﹤0.01% |
32,881
+4,499
| +16% | +$139K |
|
|
HPS
2812
John Hancock Preferred Income Fund III
HPS
$457M
| $1.03M | ﹤0.01% |
73,376
+18,650
| +34% | +$258K |
|
2813
Home BancShares
HOMB
$6.23B
| $1.03M | ﹤0.01% |
45,087
+834
| +2% | +$18.2K |
|
2814
BlackRock MuniHoldings New Jersey Quality Fund
MUJ
$637M
| $1.03M | ﹤0.01% |
92,029
+1,495
| +2% | +$16.7K |
|
|
MDWT
2815
DELISTED
Midwest Holding Inc. Common Stock
MDWT
| $1.02M | ﹤0.01% |
+38,778
| New | +$868K |
|
2816
State Street Income Allocation ETF
INKM
$72M
| $1.02M | ﹤0.01% |
33,614
+210
| +0.6% | +$6.35K |
|
|
MMU
2817
Western Asset Managed Municipals Fund
MMU
$548M
| $1.02M | ﹤0.01% |
102,491
+13,545
| +15% | +$136K |
|
|
SEM
2818
DELISTED
Select Medical
SEM
| $1.01M | ﹤0.01% |
59,054
+2,929
| +5% | +$45.4K |
|
2819
FT Vest US Equity Buffer ETF December
FDEC
$1.32B
| $1.01M | ﹤0.01% |
28,043
+6,893
| +33% | +$237K |
|
2820
Enterprise Financial Services Corp
EFSC
$2.4B
| $1.01M | ﹤0.01% |
25,834
+209
| +0.8% | +$8.64K |
|
2821
Bloom Energy
BE
$60.6B
| $1.01M | ﹤0.01% |
61,589
+5,188
| +9% | +$83.8K |
|
2822
TriplePoint Venture Growth BDC
TPVG
$184M
| $1.01M | ﹤0.01% |
85,459
+6,916
| +9% | +$78.1K |
|
2823
Columbia Sportswear
COLM
$3.04B
| $1.01M | ﹤0.01% |
13,032
+497
| +4% | +$40K |
|
2824
Cemex
CX
$17.1B
| $1.01M | ﹤0.01% |
142,166
-29,935
| -17% | -$190K |
|
2825
Medifast
MED
$109M
| $1.01M | ﹤0.01% |
10,907
-1,376
| -11% | -$123K |
|
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.