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 | |
|---|---|---|---|---|---|---|
|
XHR
3076
Xenia Hotels & Resorts
XHR
$1.9B
| $774K | ﹤0.01% |
62,836
+6,048
| +11% | +$75.4K |
|
3077
Towne Bank
TOWN
$3.46B
| $773K | ﹤0.01% |
33,250
+1,266
| +4% | +$30.4K |
|
3078
Shake Shack
SHAK
$2.53B
| $773K | ﹤0.01% |
9,942
-1,331
| -12% | -$85.5K |
|
|
SMAR
3079
DELISTED
Smartsheet Inc.
SMAR
| $772K | ﹤0.01% |
20,187
+774
| +4% | +$33.5K |
|
3080
Direxion Daily S&P 500 Bear 1X ETF
SPDN
$221M
| $772K | ﹤0.01% |
54,103
-33,822
| -38% | -$515K |
|
3081
Clean Energy Fuels
CLNE
$427M
| $771K | ﹤0.01% |
155,408
+392
| +0.3% | +$1.72K |
|
3082
Achieve Life Sciences
ACHV
$659M
| $768K | ﹤0.01% |
148,000
+4,100
| +3% | +$28.8K |
|
3083
Affirm
AFRM
$23.9B
| $767K | ﹤0.01% |
50,032
+5,613
| +13% | +$74.4K |
|
3084
United States Gasoline Fund
UGA
$142M
| $766K | ﹤0.01% |
12,218
-5,722
| -32% | -$344K |
|
3085
WD-40
WDFC
$3.05B
| $764K | ﹤0.01% |
4,050
+773
| +24% | +$146K |
|
|
BBBY
3086
Bed Bath & Beyond
BBBY
$481M
| $763K | ﹤0.01% |
25,779
-1,742
| -6% | -$32.2K |
|
3087
10x Genomics
TXG
$6B
| $763K | ﹤0.01% |
13,668
+6,164
| +82% | +$334K |
|
3088
Amphastar Pharmaceuticals
AMPH
$879M
| $762K | ﹤0.01% |
13,257
+44
| +0.3% | +$1.95K |
|
3089
Choice Hotels
CHH
$5.07B
| $761K | ﹤0.01% |
+6,479
| New | +$778K |
|
|
ALEX
3090
DELISTED
Alexander & Baldwin
ALEX
| $761K | ﹤0.01% |
40,961
-1,759
| -4% | -$32.9K |
|
3091
PUT
Salesforce
CRM
$151B
| $761K | ﹤0.01% |
+3,600
| New | +$735K |
|
|
OPRA
3092
Opera Ltd
OPRA
$1.69B
| $760K | ﹤0.01% |
+38,259
| New | +$546K |
|
|
PHT
3093
DELISTED
Pioneer High Income Fund
PHT
| $760K | ﹤0.01% |
113,119
+9,810
| +9% | +$65.7K |
|
3094
BioLife Solutions
BLFS
$1.53B
| $760K | ﹤0.01% |
34,381
+6,362
| +23% | +$134K |
|
3095
Brighthouse Financial
BHF
$3.56B
| $759K | ﹤0.01% |
16,040
+7,891
| +97% | +$340K |
|
3096
Northwest Bancshares
NWBI
$2.3B
| $757K | ﹤0.01% |
71,440
+5,996
| +9% | +$66.6K |
|
3097
iShares Interest Rate Hedged Long-Term Corporate Bond ETF
IGBH
$202M
| $757K | ﹤0.01% |
31,851
-30,622
| -49% | -$715K |
|
3098
Pacer US Cash Cows Growth ETF
BUL
$132M
| $756K | ﹤0.01% |
21,935
+14,403
| +191% | +$493K |
|
3099
Invesco Dorsey Wright Consumer Cyclicals Momentum ETF
PEZ
$22.5M
| $755K | ﹤0.01% |
10,912
-420
| -4% | -$28.4K |
|
3100
Photronics
PLAB
$1.79B
| $755K | ﹤0.01% |
29,267
-184
| -0.6% | -$3.41K |
|
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.