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 | |
|---|---|---|---|---|---|---|
|
NRO
2826
Neuberger Real Estate Securities Income Fund Inc
NRO
$191M
| $1M | ﹤0.01% |
345,854
-21,587
| -6% | -$60.3K |
|
2827
Insight Enterprises
NSIT
$3.89B
| $1M | ﹤0.01% |
6,848
-232
| -3% | -$31.1K |
|
2828
Avantor
AVTR
$9.32B
| $999K | ﹤0.01% |
48,613
-10,817
| -18% | -$219K |
|
2829
Credit Suisse X-Links Gold Shares Covered Call ETNs due February 2 2033
GLDI
$31.1M
| $997K | ﹤0.01% |
7,131
-737
| -9% | -$107K |
|
|
CHX
2830
DELISTED
ChampionX
CHX
| $996K | ﹤0.01% |
32,099
+2,821
| +10% | +$77.7K |
|
2831
Bath & Body Works
BBWI
$4.06B
| $996K | ﹤0.01% |
26,569
+2,140
| +9% | +$78.3K |
|
2832
Schrodinger
SDGR
$1.13B
| $996K | ﹤0.01% |
19,951
-1,073
| -5% | -$36.3K |
|
2833
DaVita
DVA
$15.4B
| $992K | ﹤0.01% |
9,875
+573
| +6% | +$53.2K |
|
2834
PUT
Bristol-Myers Squibb
BMY
$133B
| $991K | ﹤0.01% |
+15,500
| New | +$1.04M |
|
2835
Fidelity Quality Factor ETF
FQAL
$1.41B
| $991K | ﹤0.01% |
19,608
-5,418
| -22% | -$261K |
|
2836
Flywire
FLYW
$1.98B
| $990K | ﹤0.01% |
31,900
+8,945
| +39% | +$268K |
|
|
PMM
2837
Franklin Managed Municipal Income Trust
PMM
$267M
| $990K | ﹤0.01% |
162,585
-8,563
| -5% | -$51.1K |
|
2838
FlexShares Disciplined Duration MBS Index Fund
MBSD
$88.7M
| $990K | ﹤0.01% |
48,558
+10,672
| +28% | +$219K |
|
2839
Goldman Sachs BDC
GSBD
$969M
| $989K | ﹤0.01% |
71,366
-6,012
| -8% | -$81.6K |
|
2840
Mercury Systems
MRCY
$5.83B
| $988K | ﹤0.01% |
28,549
-9,300
| -25% | -$397K |
|
2841
Grand Canyon Education
LOPE
$3.79B
| $987K | ﹤0.01% |
9,562
+5,374
| +128% | +$591K |
|
2842
Stratasys
SSYS
$679M
| $986K | ﹤0.01% |
55,514
+10,467
| +23% | +$164K |
|
2843
inTEST
INTT
$155M
| $984K | ﹤0.01% |
37,475
+18,277
| +95% | +$403K |
|
|
FFA
2844
First Trust Enhanced Equity Income Fund
FFA
$450M
| $984K | ﹤0.01% |
56,117
+4,706
| +9% | +$79.6K |
|
|
BLE
2845
DELISTED
BlackRock Municipal Income Trust II
BLE
| $982K | ﹤0.01% |
94,304
-3,156
| -3% | -$32.6K |
|
2846
ProShares Online Retail ETF
ONLN
$66.6M
| $979K | ﹤0.01% |
29,887
-3,395
| -10% | -$104K |
|
2847
Global X Dow 30 Covered Call ETF
DJIA
$185M
| $979K | ﹤0.01% |
44,248
+27,928
| +171% | +$608K |
|
2848
Shenandoah Telecom
SHEN
$664M
| $977K | ﹤0.01% |
50,267
+15,780
| +46% | +$309K |
|
2849
FTI Consulting
FCN
$4.4B
| $974K | ﹤0.01% |
5,123
+907
| +22% | +$171K |
|
2850
SFL Corp
SFL
$1.64B
| $973K | ﹤0.01% |
104,337
+2,434
| +2% | +$22K |
|
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.