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 | |
|---|---|---|---|---|---|---|
326
Texas Instruments
TXN
$253B
| $71.5M | 0.05% |
397,086
+7,829
| +2% | +$1.35M |
|
|
BSCO
327
DELISTED
Invesco BulletShares 2024 Corporate Bond ETF
BSCO
| $71.4M | 0.05% |
3,469,740
-801,045
| -19% | -$16.5M |
|
328
Vanguard International Dividend Appreciation ETF
VIGI
$9.04B
| $71M | 0.05% |
945,701
+19,168
| +2% | +$1.44M |
|
329
iShares Morningstar Growth ETF
ILCG
$3.06B
| $70.6M | 0.05% |
1,132,062
+38,706
| +4% | +$2.22M |
|
330
First Trust Large Cap Core AlphaDEX Fund
FEX
$1.58B
| $70.3M | 0.05% |
837,044
-85,283
| -9% | -$6.84M |
|
331
iShares S&P Small-Cap 600 Growth ETF
IJT
$8.27B
| $70.3M | 0.05% |
611,452
+6,044
| +1% | +$660K |
|
332
State Street SPDR S&P 400 Mid Cap Value ETF
MDYV
$2.79B
| $69.7M | 0.05% |
1,013,476
-192,181
| -16% | -$12.6M |
|
333
Xtrackers MSCI EAFE Hedged Equity ETF
DBEF
$9.16B
| $69.6M | 0.05% |
1,968,268
+585,241
| +42% | +$21.1M |
|
334
Alerian MLP ETF
AMLP
$12.9B
| $69.3M | 0.05% |
1,768,398
-16,390
| -0.9% | -$636K |
|
335
Global X Russell 2000 Covered Call ETF
RYLD
$1.37B
| $68.9M | 0.05% |
3,810,508
+2,387,446
| +168% | +$43M |
|
336
iShares Fallen Angels USD Bond ETF
FALN
$1.63B
| $68.9M | 0.05% |
2,714,312
-7,470
| -0.3% | -$187K |
|
337
iShares Biotechnology ETF
IBB
$9.55B
| $68.7M | 0.05% |
541,153
-86,172
| -14% | -$11.2M |
|
338
iShares 5-10 Year Investment Grade Corporate Bond ETF
IGIB
$18.5B
| $68.6M | 0.05% |
1,357,438
+84,703
| +7% | +$4.3M |
|
339
Pacer Global Cash Cows Dividend ETF
GCOW
$3.4B
| $68.2M | 0.05% |
2,058,131
+332,107
| +19% | +$11.1M |
|
340
TotalEnergies
TTE
$187B
| $68.1M | 0.05% |
1,180,980
+80,554
| +7% | +$4.87M |
|
341
Vanguard Intermediate-Term Treasury ETF
VGIT
$41.8B
| $66.9M | 0.05% |
1,140,429
+262,297
| +30% | +$15.6M |
|
342
Dominion Energy
D
$62.1B
| $66.7M | 0.05% |
1,288,708
+114,070
| +10% | +$6.2M |
|
343
VanEck Intermediate Muni ETF
ITM
$2.15B
| $66.6M | 0.05% |
1,445,582
+14,431
| +1% | +$665K |
|
344
State Street SPDR S&P MIDCAP 400 ETF Trust
MDY
$26.9B
| $66.5M | 0.05% |
138,907
-2,786
| -2% | -$1.27M |
|
345
Schwab International Equity ETF
SCHF
$65.5B
| $66.4M | 0.05% |
3,723,996
+332,296
| +10% | +$5.9M |
|
346
CSX Corp
CSX
$94.2B
| $66.1M | 0.05% |
1,939,743
+141,953
| +8% | +$4.49M |
|
347
iShares Core MSCI Total International Stock ETF
IXUS
$57.4B
| $66.1M | 0.05% |
1,055,357
+106,810
| +11% | +$6.69M |
|
348
Dow Inc
DOW
$20.8B
| $66M | 0.05% |
1,239,478
+48,582
| +4% | +$2.58M |
|
349
WisdomTree US MidCap Dividend Fund
DON
$4.08B
| $65.8M | 0.05% |
1,564,503
-87,596
| -5% | -$3.55M |
|
350
iShares ESG Aware MSCI EM ETF
ESGE
$6.41B
| $65.8M | 0.05% |
2,079,069
-318,178
| -13% | -$9.98M |
|
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.