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 | |
|---|---|---|---|---|---|---|
2876
Sprott Junior Gold Miners ETF
SGDJ
$267M
| $951K | ﹤0.01% |
33,944
+9,604
| +39% | +$307K |
|
|
FSD
2877
DELISTED
FIRST TRUST HIGH INCOME LONG/SHORT FUND
FSD
| $949K | ﹤0.01% |
82,922
-4,945
| -6% | -$55.5K |
|
|
SA
2878
Seabridge Gold
SA
$2.78B
| $945K | ﹤0.01% |
78,401
+45,411
| +138% | +$617K |
|
2879
Shutterstock
SSTK
$198M
| $944K | ﹤0.01% |
+19,387
| New | +$1.11M |
|
|
GORV
2880
DELISTED
Lazydays
GORV
| $943K | ﹤0.01% |
2,718
-12
| -0.4% | -$4.12K |
|
2881
PUT
ASML
ASML
$626B
| $942K | ﹤0.01% |
+1,300
| New | +$884K |
|
2882
First Trust Dorsey Wright Momentum & Low Volatility ETF
DVOL
$73.6M
| $941K | ﹤0.01% |
35,628
-335
| -0.9% | -$8.62K |
|
2883
MGIC Investment
MTG
$6.16B
| $940K | ﹤0.01% |
59,548
-3,151
| -5% | -$46.7K |
|
2884
VanEck Environmental Services ETF
EVX
$99.4M
| $940K | ﹤0.01% |
29,090
+2,430
| +9% | +$71.6K |
|
2885
Franklin Investment Grade Corporate ETF
FLCO
$577M
| $940K | ﹤0.01% |
44,292
-844
| -2% | -$17.9K |
|
2886
Kyndryl
KD
$2.99B
| $940K | ﹤0.01% |
70,772
+8,498
| +14% | +$115K |
|
|
TWO
2887
Two Harbors Investment
TWO
$1.27B
| $938K | ﹤0.01% |
67,585
-3,137
| -4% | -$41.4K |
|
2888
RB Global
RBA
$20.4B
| $936K | ﹤0.01% |
15,601
-346
| -2% | -$19.5K |
|
|
GNT
2889
GAMCO Natural Resources, Gold & Income Trust
GNT
$135M
| $935K | ﹤0.01% |
186,224
-9,090
| -5% | -$46.4K |
|
2890
Ashland
ASH
$3.33B
| $934K | ﹤0.01% |
10,746
+773
| +8% | +$71.4K |
|
2891
Invesco Next Gen Connectivity ETF
KNCT
$153M
| $929K | ﹤0.01% |
11,673
-900
| -7% | -$67.3K |
|
2892
APi Group
APG
$17.1B
| $928K | ﹤0.01% |
51,053
+825
| +2% | +$12.8K |
|
2893
BILL Holdings
BILL
$4.49B
| $927K | ﹤0.01% |
7,934
-195
| -2% | -$18.5K |
|
2894
Elbit Systems
ESLT
$37.9B
| $926K | ﹤0.01% |
4,430
-530
| -11% | -$103K |
|
2895
FlexShares Global Quality Real Estate Index Fund
GQRE
$426M
| $922K | ﹤0.01% |
17,381
-2,785
| -14% | -$146K |
|
2896
PUT
Alphabet (Google) Class A
GOOGL
$4.36T
| $922K | ﹤0.01% |
+7,700
| New | +$886K |
|
2897
Napco Security Technologies
NSSC
$1.32B
| $921K | ﹤0.01% |
+26,579
| New | +$928K |
|
2898
Invesco Dorsey Wright Financial Momentum ETF
PFI
$59.5M
| $920K | ﹤0.01% |
21,851
-836
| -4% | -$33.8K |
|
2899
Axos Financial
AX
$5.77B
| $917K | ﹤0.01% |
23,254
-791
| -3% | -$30.7K |
|
2900
Wabash National
WNC
$512M
| $917K | ﹤0.01% |
35,757
+24,414
| +215% | +$601K |
|
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.