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 | |
|---|---|---|---|---|---|---|
3176
Philips
PHG
$25.7B
| $684K | ﹤0.01% |
35,279
-7,672
| -18% | -$134K |
|
3177
BlackRock ESG Capital Allocation Term Trust
ECAT
$1.49B
| $684K | ﹤0.01% |
43,649
+2,143
| +5% | +$33.1K |
|
3178
Wintrust Financial
WTFC
$10.8B
| $682K | ﹤0.01% |
9,395
-1,035
| -10% | -$70.6K |
|
|
DX
3179
Dynex Capital
DX
$3.15B
| $681K | ﹤0.01% |
54,081
-2,828
| -5% | -$33.1K |
|
3180
TechTarget
TTGT
$325M
| $680K | ﹤0.01% |
21,855
-924
| -4% | -$31.4K |
|
3181
iShares US Tech Independence Focused ETF
IETC
$674M
| $680K | ﹤0.01% |
12,346
+850
| +7% | +$42.2K |
|
|
HEAL
3182
Global X Funds Global X HealthTech ETF
HEAL
$28.5M
| $680K | ﹤0.01% |
19,484
-11,134
| -36% | -$387K |
|
|
VGR
3183
DELISTED
Vector Group Ltd.
VGR
| $680K | ﹤0.01% |
53,058
+5,387
| +11% | +$66.4K |
|
|
NVEE
3184
DELISTED
NV5 Global
NVEE
| $679K | ﹤0.01% |
24,520
-12,060
| -33% | -$296K |
|
3185
Watts Water Technologies
WTS
$11.5B
| $679K | ﹤0.01% |
3,694
-3,635
| -50% | -$608K |
|
|
ETX
3186
Eaton Vance Municipal Income 2028 Term Trust
ETX
$198M
| $678K | ﹤0.01% |
38,581
-3,688
| -9% | -$66.3K |
|
|
SELF
3187
Global Self Storage
SELF
$58.3M
| $678K | ﹤0.01% |
134,209
-4,578
| -3% | -$23.3K |
|
3188
ProShares Short Financials
SEF
$13.1M
| $678K | ﹤0.01% |
13,302
+9,061
| +214% | +$479K |
|
|
RYZ
3189
Ryerson Holding Corp
RYZ
$1.44B
| $676K | ﹤0.01% |
15,582
-641
| -4% | -$23.8K |
|
3190
Delek US
DK
$4.16B
| $675K | ﹤0.01% |
28,197
+12,489
| +80% | +$284K |
|
|
CIF
3191
DELISTED
MFS Intermediate High Income Fund
CIF
| $675K | ﹤0.01% |
414,126
-25,298
| -6% | -$41.7K |
|
3192
Nuveen Municipal Income
NMI
$131M
| $673K | ﹤0.01% |
71,379
-92
| -0.1% | -$875 |
|
3193
Pinduoduo
PDD
$126B
| $673K | ﹤0.01% |
9,729
+5,298
| +120% | +$364K |
|
|
CSR
3194
Centerspace
CSR
$921M
| $672K | ﹤0.01% |
10,959
+427
| +4% | +$25K |
|
|
RWT
3195
Redwood Trust
RWT
$574M
| $672K | ﹤0.01% |
105,497
-2,426
| -2% | -$15.2K |
|
|
BFK
3196
DELISTED
BlackRock Municipal Income Trust
BFK
| $670K | ﹤0.01% |
67,374
+1,258
| +2% | +$12.5K |
|
3197
Nuveen AMT-Free Municipal Value Fund
NUW
$251M
| $666K | ﹤0.01% |
48,523
+17,501
| +56% | +$241K |
|
|
SKX
3198
DELISTED
Skechers
SKX
| $666K | ﹤0.01% |
12,650
+956
| +8% | +$48.9K |
|
3199
Virtu Financial
VIRT
$5.11B
| $665K | ﹤0.01% |
38,932
-2,179
| -5% | -$40K |
|
3200
Truth Social America First ETF
MAGA
$31.1M
| $665K | ﹤0.01% |
17,055
-3,427
| -17% | -$129K |
|
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.