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 | |
|---|---|---|---|---|---|---|
3676
Xtrackers MSCI Emerging Markets Hedged Equity ETF
DBEM
$106M
| $378K | ﹤0.01% |
16,745
-2,283
| -12% | -$51.3K |
|
3677
Artisan Partners
APAM
$2.79B
| $378K | ﹤0.01% |
9,624
-23,759
| -71% | -$820K |
|
3678
Personalis
PSNL
$1.35B
| $377K | ﹤0.01% |
200,581
+17,189
| +9% | +$38.9K |
|
3679
DoubleVerify
DV
$1.73B
| $376K | ﹤0.01% |
9,672
-3,354
| -26% | -$108K |
|
3680
Vaalco Energy
EGY
$570M
| $376K | ﹤0.01% |
100,009
-1,958
| -2% | -$7.99K |
|
3681
Capricor Therapeutics
CAPR
$223M
| $375K | ﹤0.01% |
+78,436
| New | +$345K |
|
|
UHT
3682
Universal Health Realty Income Trust
UHT
$603M
| $374K | ﹤0.01% |
7,869
+480
| +6% | +$22.1K |
|
|
AMWD
3683
DELISTED
American Woodmark
AMWD
| $372K | ﹤0.01% |
4,875
+670
| +16% | +$38.9K |
|
3684
WisdomTree Emerging Markets Efficient Core Fund
NTSE
$53.5M
| $372K | ﹤0.01% |
13,349
+623
| +5% | +$17.3K |
|
3685
Jack in the Box
JACK
$312M
| $371K | ﹤0.01% |
3,805
+852
| +29% | +$77.5K |
|
3686
Global X FTSE Southeast Asia ETF
ASEA
$98.8M
| $371K | ﹤0.01% |
25,495
-18,583
| -42% | -$281K |
|
|
HPF
3687
John Hancock Preferred Income Fund II
HPF
$343M
| $371K | ﹤0.01% |
24,583
+7,016
| +40% | +$105K |
|
|
MNP
3688
DELISTED
Western Asset Municipal Partners Fund, Inc.
MNP
| $371K | ﹤0.01% |
31,671
-4,973
| -14% | -$58.6K |
|
3689
DarioHealth
DRIO
$70.9M
| $370K | ﹤0.01% |
4,615
+287
| +7% | +$21.8K |
|
3690
Xtrackers Low Beta High Yield Bond ETF
HYDW
$65.2M
| $370K | ﹤0.01% |
+8,170
| New | +$370K |
|
3691
Nuveen Dynamic Municipal Opportunities Fund
NDMO
$601M
| $370K | ﹤0.01% |
36,361
+1,911
| +6% | +$20.1K |
|
3692
RingCentral
RNG
$4.66B
| $369K | ﹤0.01% |
11,280
-652
| -5% | -$20K |
|
3693
RXO
RXO
$3.34B
| $369K | ﹤0.01% |
16,282
+1,123
| +7% | +$22.6K |
|
3694
PUT
Citigroup
C
$222B
| $368K | ﹤0.01% |
+8,000
| New | +$375K |
|
3695
Herc Holdings
HRI
$5.02B
| $368K | ﹤0.01% |
2,691
-1,776
| -40% | -$197K |
|
3696
RLJ Lodging Trust
RLJ
$1.86B
| $368K | ﹤0.01% |
35,822
-512
| -1% | -$5.32K |
|
|
BECN
3697
DELISTED
Beacon Roofing Supply, Inc.
BECN
| $368K | ﹤0.01% |
4,430
-656
| -13% | -$43.3K |
|
3698
Safety Insurance
SAFT
$1.52B
| $366K | ﹤0.01% |
5,109
+1,242
| +32% | +$90.8K |
|
|
EIM
3699
Eaton Vance Municipal Bond Fund
EIM
$491M
| $366K | ﹤0.01% |
36,825
+3,824
| +12% | +$38.5K |
|
3700
FTAI Aviation
FTAI
$21.1B
| $366K | ﹤0.01% |
11,573
-1,136
| -9% | -$32.2K |
|
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.