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 | |
|---|---|---|---|---|---|---|
3226
Invesco S&P SmallCap Utilities & Communication Services ETF
PSCU
$17.3M
| $641K | ﹤0.01% |
11,870
+5
| +0% | +$273 |
|
3227
Noble Corp
NE
$6.77B
| $639K | ﹤0.01% |
15,479
+2,960
| +24% | +$114K |
|
3228
Excelerate Energy
EE
$1.25B
| $639K | ﹤0.01% |
31,448
-1,588
| -5% | -$33.2K |
|
|
PMO
3229
Franklin Municipal Opportunities Trust
PMO
$280M
| $638K | ﹤0.01% |
62,502
-66,009
| -51% | -$670K |
|
|
PPLI
3230
People Inc
PPLI
$3.09B
| $636K | ﹤0.01% |
12,351
-10,449
| -46% | -$479K |
|
|
BTA
3231
DELISTED
BlackRock Long-Term Municipal Advantage Trust
BTA
| $636K | ﹤0.01% |
65,769
+7,620
| +13% | +$74.6K |
|
3232
COPT Defense Properties
CDP
$4.3B
| $635K | ﹤0.01% |
26,747
-1,319
| -5% | -$30.8K |
|
3233
Rush Enterprises Class A
RUSHA
$6.2B
| $634K | ﹤0.01% |
15,664
-9,236
| -37% | -$339K |
|
3234
CNB Financial Corp
CCNE
$1.04B
| $633K | ﹤0.01% |
35,875
-765
| -2% | -$13.7K |
|
3235
AllianzIM U.S. Equity Buffer20 Oct ETF
OCTW
$322M
| $633K | ﹤0.01% |
20,796
-18,284
| -47% | -$542K |
|
3236
Editas Medicine
EDIT
$396M
| $630K | ﹤0.01% |
76,557
+14,086
| +23% | +$123K |
|
|
GNTY
3237
DELISTED
Guaranty Bancshares
GNTY
| $628K | ﹤0.01% |
23,202
-3,952
| -15% | -$99.8K |
|
|
PDCE
3238
DELISTED
PDC Energy, Inc.
PDCE
| $627K | ﹤0.01% |
8,819
-10,017
| -53% | -$677K |
|
3239
iShares MSCI Israel ETF
EIS
$889M
| $625K | ﹤0.01% |
11,665
-24
| -0.2% | -$1.3K |
|
|
ONT
3240
Onterris Inc
ONT
$759M
| $624K | ﹤0.01% |
14,813
-754
| -5% | -$27.1K |
|
3241
American Financial Group
AFG
$11.8B
| $623K | ﹤0.01% |
5,245
-4,588
| -47% | -$541K |
|
3242
BlueLinx
BXC
$422M
| $623K | ﹤0.01% |
6,639
-5
| -0.1% | -$400 |
|
|
HDRO
3243
DELISTED
Defiance Next Gen H2 ETF
HDRO
| $622K | ﹤0.01% |
9,363
+381
| +4% | +$26.6K |
|
3244
Viking Therapeutics
VKTX
$3.7B
| $622K | ﹤0.01% |
38,372
+5,767
| +18% | +$121K |
|
3245
GitLab
GTLB
$5.83B
| $622K | ﹤0.01% |
12,169
+4,501
| +59% | +$167K |
|
3246
Globalstar
GSAT
$10.7B
| $622K | ﹤0.01% |
38,377
+2,953
| +8% | +$47.3K |
|
3247
Pinnacle Financial Partners Inc
PNFP
$15.9B
| $622K | ﹤0.01% |
10,973
+2,238
| +26% | +$118K |
|
3248
Valvoline
VVV
$4.9B
| $621K | ﹤0.01% |
16,562
+2,248
| +16% | +$81.6K |
|
3249
Invesco S&P Emerging Markets Momentum ETF
EEMO
$22.8M
| $621K | ﹤0.01% |
45,378
+31,674
| +231% | +$427K |
|
3250
Axsome Therapeutics
AXSM
$11.2B
| $618K | ﹤0.01% |
8,598
-50
| -0.6% | -$3.69K |
|
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.