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 | |
|---|---|---|---|---|---|---|
276
Vanguard Total World Stock ETF
VT
$76.3B
| $87M | 0.06% |
897,317
-122,998
| -12% | -$11.5M |
|
277
iShares MSCI USA Value Factor ETF
VLUE
$9.29B
| $87M | 0.06% |
927,833
-366,341
| -28% | -$33.4M |
|
278
Invesco S&P 500 High Dividend Low Volatility ETF
SPHD
$3.42B
| $86.8M | 0.06% |
2,098,404
-61,788
| -3% | -$2.54M |
|
|
TBIL
279
F/m US Treasury 3 Month Bill Fund
TBIL
$7.19B
| $86.8M | 0.06% |
1,731,783
+1,344,779
| +347% | +$67.2M |
|
280
iShares Silver Trust
SLV
$27.6B
| $86.3M | 0.06% |
4,129,173
+517,597
| +14% | +$11.5M |
|
281
State Street US Sector Rotation ETF
XLSR
$1B
| $86.2M | 0.06% |
1,988,309
+251,799
| +15% | +$10.3M |
|
282
Nike
NKE
$63.9B
| $86.2M | 0.06% |
780,692
+14,601
| +2% | +$1.71M |
|
283
Williams Companies
WMB
$85.8B
| $86.2M | 0.06% |
2,640,364
+227,600
| +9% | +$6.83M |
|
284
iShares Broad USD High Yield Corporate Bond ETF
USHY
$29.2B
| $85.8M | 0.06% |
2,431,472
-224,168
| -8% | -$7.86M |
|
285
WisdomTree International Hedged Quality Dividend Growth Fund
IHDG
$2.22B
| $85.6M | 0.06% |
2,129,743
+811,491
| +62% | +$32.5M |
|
286
iShares JPMorgan USD Emerging Markets Bond ETF
EMB
$15B
| $85.2M | 0.06% |
984,585
-220,446
| -18% | -$18.8M |
|
287
iShares Russell 2000 Growth ETF
IWO
$14.4B
| $85.1M | 0.06% |
350,773
+3,376
| +1% | +$774K |
|
288
Northrop Grumman
NOC
$78B
| $84.8M | 0.06% |
185,968
+4,725
| +3% | +$2.14M |
|
|
VPU
289
Vanguard Utilities ETF
VPU
$8.68B
| $84.6M | 0.06% |
595,121
-15,359
| -3% | -$2.25M |
|
290
ConocoPhillips
COP
$139B
| $84.4M | 0.06% |
814,194
+49,751
| +7% | +$5.11M |
|
291
Intel
INTC
$435B
| $83.9M | 0.06% |
2,507,912
+6,493
| +0.3% | +$204K |
|
292
First Trust Mid Cap Core AlphaDEX Fund
FNX
$1.39B
| $83.6M | 0.06% |
867,798
+33,925
| +4% | +$3.06M |
|
293
iShares Russell 2000 Value ETF
IWN
$14.5B
| $83.2M | 0.06% |
591,232
-55,115
| -9% | -$7.45M |
|
294
Blackrock
BLK
$170B
| $82.1M | 0.06% |
118,807
+9,727
| +9% | +$6.51M |
|
295
State Street Blackstone Senior Loan ETF
SRLN
$5.3B
| $82M | 0.06% |
1,958,893
-376,136
| -16% | -$15.5M |
|
296
Avantis US Equity ETF
AVUS
$13.9B
| $81.6M | 0.06% |
1,085,112
+47,268
| +5% | +$3.38M |
|
297
Wells Fargo
WFC
$263B
| $80.6M | 0.06% |
1,887,907
+68,908
| +4% | +$2.77M |
|
298
Invesco Aerospace & Defense ETF
PPA
$8.39B
| $80.1M | 0.06% |
948,570
+151,292
| +19% | +$12.2M |
|
|
BSCP
299
DELISTED
Invesco BulletShares 2025 Corporate Bond ETF
BSCP
| $79.2M | 0.06% |
3,936,126
+36,497
| +0.9% | +$739K |
|
300
First Trust NASDAQ-100 Technology Index Fund
QTEC
$4.41B
| $79M | 0.06% |
536,955
+56,190
| +12% | +$7.46M |
|
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.