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 | |
|---|---|---|---|---|---|---|
3151
WisdomTree International Efficient Core Fund
NTSI
$494M
| $707K | ﹤0.01% |
20,521
+858
| +4% | +$29.8K |
|
3152
Prestige Consumer Healthcare
PBH
$2.38B
| $706K | ﹤0.01% |
11,873
+781
| +7% | +$46.7K |
|
3153
WhiteHorse Finance
WHF
$137M
| $705K | ﹤0.01% |
54,962
+5,641
| +11% | +$68.8K |
|
3154
First Bancorp
FBNC
$2.6B
| $705K | ﹤0.01% |
23,685
-335
| -1% | -$10.6K |
|
3155
Digital Turbine
APPS
$975M
| $704K | ﹤0.01% |
75,899
-19,138
| -20% | -$211K |
|
|
ETWO
3156
DELISTED
E2open Parent Holdings
ETWO
| $704K | ﹤0.01% |
125,671
| – | – |
|
3157
Rexford Industrial Realty
REXR
$8.42B
| $702K | ﹤0.01% |
13,438
+1,594
| +13% | +$86.9K |
|
3158
Prosperity Bancshares
PB
$8.97B
| $701K | ﹤0.01% |
12,405
-3,080
| -20% | -$184K |
|
|
FBRT
3159
Franklin BSP Realty Trust
FBRT
$630M
| $700K | ﹤0.01% |
49,469
-1,656
| -3% | -$21.8K |
|
3160
PennantPark Floating Rate Capital
PFLT
$689M
| $699K | ﹤0.01% |
65,680
+13,924
| +27% | +$149K |
|
|
PACW
3161
DELISTED
PacWest Bancorp
PACW
| $699K | ﹤0.01% |
85,823
+13,235
| +18% | +$107K |
|
3162
ArcelorMittal
MT
$52.9B
| $699K | ﹤0.01% |
25,575
-6,619
| -21% | -$182K |
|
3163
Middleby
MIDD
$6.04B
| $697K | ﹤0.01% |
4,716
-192
| -4% | -$27.1K |
|
3164
Invesco CurrencyShares Canadian Dollar Trust
FXC
$73.2M
| $695K | ﹤0.01% |
+9,402
| New | +$685K |
|
3165
Global E Online
GLBE
$6.6B
| $694K | ﹤0.01% |
+16,951
| New | +$558K |
|
3166
BioNTech
BNTX
$22.9B
| $694K | ﹤0.01% |
6,426
-1,297
| -17% | -$146K |
|
|
ARCH
3167
DELISTED
Arch Resources, Inc.
ARCH
| $692K | ﹤0.01% |
6,138
+555
| +10% | +$66.5K |
|
|
BPMC
3168
DELISTED
Blueprint Medicines
BPMC
| $691K | ﹤0.01% |
10,936
+256
| +2% | +$13.9K |
|
|
PGP
3169
PIMCO Global StockPLUS & Income Fund
PGP
$98.1M
| $691K | ﹤0.01% |
95,972
-11,658
| -11% | -$85.6K |
|
3170
Insperity
NSP
$1.93B
| $690K | ﹤0.01% |
5,801
+1,092
| +23% | +$130K |
|
3171
CrossAmerica Partners
CAPL
$847M
| $689K | ﹤0.01% |
34,980
+2,977
| +9% | +$59.7K |
|
3172
California Water Service
CWT
$3.1B
| $689K | ﹤0.01% |
13,339
+312
| +2% | +$17.5K |
|
|
AXNX
3173
DELISTED
Axonics, Inc. Common Stock
AXNX
| $687K | ﹤0.01% |
13,614
+589
| +5% | +$31.3K |
|
3174
VanEck Energy Income ETF
EINC
$78.2M
| $686K | ﹤0.01% |
10,683
+548
| +5% | +$33.7K |
|
3175
PROG Holdings
PRG
$1.75B
| $685K | ﹤0.01% |
21,330
-621
| -3% | -$18.7K |
|
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.