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 | |
|---|---|---|---|---|---|---|
301
iShares iBoxx $ High Yield Corporate Bond ETF
HYG
$15.9B
| $79M | 0.06% |
1,052,285
-45,542
| -4% | -$3.4M |
|
302
American Century US Quality Growth ETF
QGRO
$1.96B
| $78.9M | 0.06% |
1,142,027
+534,557
| +88% | +$34.7M |
|
303
First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF
HYLS
$1.6B
| $78.9M | 0.06% |
1,990,932
+60,274
| +3% | +$2.39M |
|
|
BSCN
304
DELISTED
Invesco BulletShares 2023 Corporate Bond ETF
BSCN
| $77.9M | 0.06% |
3,680,285
-922,904
| -20% | -$19.5M |
|
305
Franklin International Core Dividend Tilt Index ETF
DIVI
$2.66B
| $76.9M | 0.06% |
2,631,439
+1,405,432
| +115% | +$41.1M |
|
306
Mondelez International
MDLZ
$80.2B
| $76.2M | 0.05% |
1,044,561
+76,695
| +8% | +$5.67M |
|
307
Blackstone
BX
$107B
| $76.1M | 0.05% |
818,912
-13,095
| -2% | -$1.13M |
|
308
State Street SPDR Bloomberg Convertible Securities ETF
CWB
$5.52B
| $75.9M | 0.05% |
1,085,263
+81,639
| +8% | +$5.49M |
|
309
Invesco Short Term Treasury ETF
TBLL
$2.61B
| $75.8M | 0.05% |
718,915
-103,337
| -13% | -$10.9M |
|
310
Pacer US Small Cap Cash Cows 100 ETF
CALF
$3.73B
| $75.7M | 0.05% |
1,861,091
+174,085
| +10% | +$6.61M |
|
311
American Electric Power
AEP
$72.4B
| $75.6M | 0.05% |
897,652
+90,698
| +11% | +$8.01M |
|
312
iShares Short Maturity Bond ETF
NEAR
$4.82B
| $75.4M | 0.05% |
1,516,708
-169,146
| -10% | -$8.39M |
|
313
Invesco FTSE RAFI US 1000 ETF
PRF
$9.82B
| $74.4M | 0.05% |
2,273,670
-142,340
| -6% | -$4.49M |
|
314
ASML
ASML
$608B
| $74.4M | 0.05% |
102,621
+19,403
| +23% | +$13.2M |
|
315
Morgan Stanley
MS
$333B
| $74.1M | 0.05% |
867,951
-1,547
| -0.2% | -$132K |
|
316
State Street SPDR Nuveen ICE Municipal Bond ETF
TFI
$3.06B
| $73.9M | 0.05% |
1,599,897
+43,482
| +3% | +$2.01M |
|
317
Elevance Health
ELV
$83.7B
| $73.8M | 0.05% |
166,005
+18,423
| +12% | +$8.5M |
|
318
Realty Income
O
$61.3B
| $73.7M | 0.05% |
1,232,291
+68,174
| +6% | +$4.16M |
|
319
iShares US Infrastructure ETF
IFRA
$4.56B
| $73.5M | 0.05% |
1,879,874
+23,740
| +1% | +$887K |
|
320
iShare MSCI Eurozone ETF
EZU
$9.44B
| $73.3M | 0.05% |
1,599,078
+1,243,049
| +349% | +$56.6M |
|
|
SCHV
321
Schwab US Large-Cap Value ETF
SCHV
$15.8B
| $72.9M | 0.05% |
3,258,726
+27,828
| +0.9% | +$608K |
|
322
Target
TGT
$65.5B
| $71.7M | 0.05% |
543,902
-84,743
| -13% | -$12.6M |
|
323
First Trust Senior Loan Fund ETF
FTSL
$2.32B
| $71.7M | 0.05% |
1,582,036
-158,716
| -9% | -$7.16M |
|
324
iShares S&P Small-Cap 600 Value ETF
IJS
$8.2B
| $71.6M | 0.05% |
753,062
-44,335
| -6% | -$4.05M |
|
325
Truist Financial
TFC
$64.7B
| $71.5M | 0.05% |
2,357,115
+414,813
| +21% | +$12.9M |
|
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.