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 | |
|---|---|---|---|---|---|---|
3526
Meritage Homes
MTH
$4.58B
| $451K | ﹤0.01% |
6,340
-2,368
| -27% | -$149K |
|
3527
NBT Bancorp
NBTB
$2.74B
| $451K | ﹤0.01% |
14,160
+1,853
| +15% | +$62K |
|
3528
Asana
ASAN
$1.92B
| $449K | ﹤0.01% |
20,382
+2,447
| +14% | +$49K |
|
3529
Strategic Education
STRA
$1.85B
| $448K | ﹤0.01% |
6,598
+1,463
| +28% | +$119K |
|
|
GOGL
3530
DELISTED
Golden Ocean Group
GOGL
| $447K | ﹤0.01% |
59,234
-4,450
| -7% | -$37.1K |
|
3531
Safe Bulkers
SB
$795M
| $447K | ﹤0.01% |
137,061
-1,244
| -0.9% | -$4.37K |
|
3532
Pacer Emerging Markets Cash Cows 100 ETF
ECOW
$221M
| $446K | ﹤0.01% |
+23,146
| New | +$446K |
|
3533
iShares MSCI Global Silver and Metals Miners ETF
SLVP
$775M
| $445K | ﹤0.01% |
46,132
-5,219
| -10% | -$56.3K |
|
3534
iShares International Developed Real Estate ETF
IFGL
$83.1M
| $445K | ﹤0.01% |
22,394
-618
| -3% | -$12.8K |
|
3535
Schneider National
SNDR
$6.26B
| $444K | ﹤0.01% |
15,470
-183
| -1% | -$4.87K |
|
|
SII
3536
Sprott
SII
$2.66B
| $443K | ﹤0.01% |
13,672
+374
| +3% | +$12.9K |
|
3537
CALL
Microsoft
MSFT
$3.45T
| $443K | ﹤0.01% |
+1,300
| New | +$407K |
|
3538
Shoals Technologies Group
SHLS
$1.47B
| $442K | ﹤0.01% |
17,312
+651
| +4% | +$15.1K |
|
3539
Nuveen New York Municipal Value Fund
NNY
$156M
| $442K | ﹤0.01% |
52,327
+11,960
| +30% | +$102K |
|
|
PFD
3540
Flaherty & Crumrine Preferred and Income Fund
PFD
$145M
| $442K | ﹤0.01% |
44,831
+1,057
| +2% | +$10.6K |
|
3541
Cerence
CRNC
$385M
| $442K | ﹤0.01% |
15,110
+69
| +0.5% | +$1.89K |
|
3542
Stride
LRN
$3.41B
| $442K | ﹤0.01% |
11,860
-392
| -3% | -$15.7K |
|
3543
ProPetro Holding
PUMP
$1.36B
| $441K | ﹤0.01% |
53,509
-3,215
| -6% | -$23.6K |
|
|
PARAA
3544
DELISTED
Paramount Global Class A
PARAA
| $441K | ﹤0.01% |
23,750
+2,330
| +11% | +$48.4K |
|
3545
Pacer Lunt MidCap Multi-Factor Alternator ETF
PAMC
$53.7M
| $439K | ﹤0.01% |
12,367
-1,365
| -10% | -$45.8K |
|
3546
Innospec
IOSP
$2.12B
| $437K | ﹤0.01% |
4,351
+244
| +6% | +$24.4K |
|
3547
Vita Coco
COCO
$3.82B
| $437K | ﹤0.01% |
16,257
-943
| -5% | -$23K |
|
3548
Minerals Technologies
MTX
$2.36B
| $437K | ﹤0.01% |
7,570
-102
| -1% | -$5.94K |
|
3549
Dana Inc
DAN
$2.9B
| $436K | ﹤0.01% |
25,640
-130
| -0.5% | -$1.9K |
|
3550
Radian Group
RDN
$5.18B
| $435K | ﹤0.01% |
17,218
-31,017
| -64% | -$763K |
|
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.