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 | |
|---|---|---|---|---|---|---|
3551
StepStone Group
STEP
$3.61B
| $435K | ﹤0.01% |
17,540
+1,972
| +13% | +$45.3K |
|
3552
Federal Agricultural Mortgage
AGM
$2.47B
| $435K | ﹤0.01% |
3,026
-371
| -11% | -$50.9K |
|
3553
Trustmark
TRMK
$2.76B
| $434K | ﹤0.01% |
20,570
-750
| -4% | -$16.9K |
|
3554
CorVel
CRVL
$3.06B
| $434K | ﹤0.01% |
6,735
+723
| +12% | +$48.4K |
|
3555
CryoPort
CYRX
$761M
| $433K | ﹤0.01% |
25,114
+379
| +2% | +$7.75K |
|
|
B
3556
DELISTED
Barnes Group Inc.
B
| $432K | ﹤0.01% |
10,234
+421
| +4% | +$17.1K |
|
3557
City Holding Co
CHCO
$2.05B
| $432K | ﹤0.01% |
4,798
-534
| -10% | -$48.5K |
|
|
MRCC
3558
DELISTED
Monroe Capital Corp
MRCC
| $432K | ﹤0.01% |
52,762
-9,003
| -15% | -$69.3K |
|
3559
Mitsubishi UFJ Financial
MUFG
$253B
| $432K | ﹤0.01% |
58,551
+2,610
| +5% | +$17.4K |
|
|
SOR
3560
Source Capital
SOR
$383M
| $431K | ﹤0.01% |
11,255
+100
| +0.9% | +$3.75K |
|
3561
Algonquin Power & Utilities
AQN
$4.49B
| $431K | ﹤0.01% |
52,120
+10,656
| +26% | +$90.5K |
|
3562
CALL
Bank of America
BAC
$435B
| $430K | ﹤0.01% |
15,000
| – | – |
|
3563
La-Z-Boy
LZB
$1.58B
| $430K | ﹤0.01% |
15,016
-3,933
| -21% | -$110K |
|
3564
Vaxcyte
PCVX
$7.81B
| $429K | ﹤0.01% |
+8,598
| New | +$408K |
|
3565
First Trust Alerian Disruptive Technology Real Estate ETF
DTRE
$14.7M
| $429K | ﹤0.01% |
10,654
-838
| -7% | -$33.2K |
|
3566
Sonos
SONO
$1.73B
| $428K | ﹤0.01% |
26,202
-2,858
| -10% | -$50.7K |
|
|
VGI
3567
Virtus Global Multi-Sector Income Fund
VGI
$81.9M
| $426K | ﹤0.01% |
57,080
+16,319
| +40% | +$124K |
|
3568
SL Green Realty
SLG
$3.76B
| $426K | ﹤0.01% |
14,176
+1,358
| +11% | +$32.8K |
|
3569
Albany International
AIN
$2.11B
| $426K | ﹤0.01% |
4,562
+178
| +4% | +$16K |
|
3570
Wayfair
W
$11.2B
| $425K | ﹤0.01% |
6,544
-66
| -1% | -$2.78K |
|
3571
McCormick & Company Voting
MKC.V
$13.7B
| $425K | ﹤0.01% |
4,912
-435
| -8% | -$38.4K |
|
|
FYBR
3572
DELISTED
Frontier Communications
FYBR
| $425K | ﹤0.01% |
+22,816
| New | +$428K |
|
3573
First Hawaiian
FHB
$3.38B
| $424K | ﹤0.01% |
23,524
+8,083
| +52% | +$148K |
|
3574
Evercore
EVR
$12.4B
| $423K | ﹤0.01% |
3,419
-415
| -11% | -$47.7K |
|
3575
BNY Mellon US Small Cap Core Equity ETF
BKSE
$85.9M
| $422K | ﹤0.01% |
14,796
+2,148
| +17% | +$57.9K |
|
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.