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 | |
|---|---|---|---|---|---|---|
3901
Fiverr
FVRR
$322M
| $283K | ﹤0.01% |
10,863
-657
| -6% | -$19.8K |
|
3902
TFS Financial
TFSL
$5.27B
| $282K | ﹤0.01% |
22,452
+317
| +1% | +$3.84K |
|
3903
LSB Industries
LXU
$773M
| $281K | ﹤0.01% |
+28,535
| New | +$273K |
|
|
UNIT
3904
Uniti Group
UNIT
$2.34B
| $280K | ﹤0.01% |
60,577
+5,560
| +10% | +$20.9K |
|
3905
Weis Markets
WMK
$1.92B
| $279K | ﹤0.01% |
4,349
+8
| +0.2% | +$582 |
|
|
HTO
3906
H2O America
HTO
$2.59B
| $279K | ﹤0.01% |
3,983
+313
| +9% | +$23.6K |
|
3907
SM Energy
SM
$7.66B
| $279K | ﹤0.01% |
+8,808
| New | +$249K |
|
3908
GrowGeneration
GRWG
$87.1M
| $279K | ﹤0.01% |
81,918
+7,846
| +11% | +$27.8K |
|
3909
First Merchants
FRME
$2.69B
| $278K | ﹤0.01% |
9,865
+1,500
| +18% | +$42.6K |
|
3910
CEMIG Preferred Shares
CIG
$6.26B
| $278K | ﹤0.01% |
137,471
+112,533
| +451% | +$211K |
|
|
BGB
3911
Blackstone Strategic Credit 2027 Term Fund
BGB
$500M
| $277K | ﹤0.01% |
25,365
+4,935
| +24% | +$52.7K |
|
3912
Bank of N.T. Butterfield & Son
NTB
$2.43B
| $277K | ﹤0.01% |
+10,133
| New | +$264K |
|
3913
BlackRock MuniYield New York Quality Fund
MYN
$372M
| $277K | ﹤0.01% |
27,366
-1,782
| -6% | -$17.8K |
|
3914
BNY Mellon US Mid Cap Core Equity ETF
BKMC
$652M
| $277K | ﹤0.01% |
9,807
+795
| +9% | +$21.3K |
|
|
MHI
3915
DELISTED
Pioneer Municipal High Income Fund
MHI
| $277K | ﹤0.01% |
32,426
-4,832
| -13% | -$41.6K |
|
3916
Healthcare Services Group
HCSG
$1.58B
| $276K | ﹤0.01% |
18,489
-552
| -3% | -$8K |
|
3917
Xtrackers High Beta High Yield Bond ETF
HYUP
$45.4M
| $275K | ﹤0.01% |
6,940
-5,758
| -45% | -$226K |
|
3918
Janus Henderson B-BBB CLO ETF
JBBB
$1.4B
| $275K | ﹤0.01% |
5,993
-130
| -2% | -$5.91K |
|
3919
Sportsman's Warehouse
SPWH
$44.9M
| $275K | ﹤0.01% |
48,225
+4,957
| +11% | +$29.8K |
|
3920
Xometry
XMTR
$4.63B
| $275K | ﹤0.01% |
12,965
+964
| +8% | +$16.9K |
|
3921
Invesco Oil & Gas Services ETF
PXJ
$65.3M
| $274K | ﹤0.01% |
11,029
-111,696
| -91% | -$2.67M |
|
3922
Norwood Financial Corp
NWFL
$362M
| $274K | ﹤0.01% |
9,275
| – | – |
|
|
MODN
3923
DELISTED
MODEL N, INC.
MODN
| $272K | ﹤0.01% |
+7,699
| New | +$248K |
|
|
MFV
3924
DELISTED
MFS SPECIAL VALUE TRUST
MFV
| $272K | ﹤0.01% |
66,681
+174
| +0.3% | +$721 |
|
|
GREK
3925
Global X MSCI Greece ETF
GREK
$300M
| $272K | ﹤0.01% |
+7,322
| New | +$245K |
|
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.