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 | |
|---|---|---|---|---|---|---|
3951
Gold Royalty Corp
GROY
$595M
| $267K | ﹤0.01% |
150,581
+119,183
| +380% | +$247K |
|
3952
Zillow
ZG
$7.73B
| $266K | ﹤0.01% |
5,397
-1,460
| -21% | -$65.8K |
|
3953
Independent Bank
INDB
$3.98B
| $265K | ﹤0.01% |
5,963
+494
| +9% | +$25.6K |
|
|
UPH
3954
DELISTED
UpHealth, Inc.
UPH
| $265K | ﹤0.01% |
141,147
| – | – |
|
3955
CONMED
CNMD
$1.36B
| $265K | ﹤0.01% |
1,948
-9
| -0.5% | -$1.1K |
|
3956
Tidewater
TDW
$3.63B
| $264K | ﹤0.01% |
+4,766
| New | +$218K |
|
3957
Brinker International
EAT
$8.94B
| $264K | ﹤0.01% |
+7,219
| New | +$272K |
|
3958
Benchmark Electronics
BHE
$2.9B
| $263K | ﹤0.01% |
10,189
-457
| -4% | -$10.6K |
|
3959
Maravai LifeSciences
MRVI
$957M
| $263K | ﹤0.01% |
21,152
+330
| +2% | +$4.45K |
|
3960
First Trust Dorsey Wright Momentum & Value ETF
DVLU
$47.2M
| $263K | ﹤0.01% |
11,157
+2,105
| +23% | +$47.1K |
|
3961
Leslie's
LESL
$8.07M
| $263K | ﹤0.01% |
1,399
-279
| -17% | -$57.6K |
|
3962
nLIGHT
LASR
$3.85B
| $262K | ﹤0.01% |
17,003
-218
| -1% | -$2.66K |
|
|
FL
3963
DELISTED
Foot Locker
FL
| $262K | ﹤0.01% |
9,656
+2,923
| +43% | +$99.5K |
|
3964
Addus HomeCare
ADUS
$2.15B
| $262K | ﹤0.01% |
2,823
+798
| +39% | +$76.1K |
|
3965
EA Bridgeway Omni Small-Cap Value ETF
BSVO
$2.42B
| $262K | ﹤0.01% |
14,676
| – | – |
|
|
NEWR
3966
DELISTED
New Relic, Inc.
NEWR
| $261K | ﹤0.01% |
3,992
-4,924
| -55% | -$355K |
|
|
IMGN
3967
DELISTED
Immunogen Inc
IMGN
| $261K | ﹤0.01% |
13,824
-5,411
| -28% | -$63.9K |
|
|
LSXMA
3968
DELISTED
Liberty Media Corporation Series A Liberty SiriusXM Common Stock
LSXMA
| $261K | ﹤0.01% |
10,812
-16,543
| -60% | -$352K |
|
3969
iShares MSCI India Small-Cap ETF
SMIN
$754M
| $260K | ﹤0.01% |
+4,481
| New | +$241K |
|
3970
Semtech
SMTC
$11B
| $260K | ﹤0.01% |
+10,225
| New | +$221K |
|
|
PDX
3971
PIMCO Dynamic Income Strategy Fund
PDX
$950M
| $260K | ﹤0.01% |
16,514
+41
| +0.2% | +$608 |
|
|
HIO
3972
Western Asset High Income Opportunity Fund
HIO
$334M
| $259K | ﹤0.01% |
68,649
-16,733
| -20% | -$63.4K |
|
3973
Concentrix
CNXC
$1.49B
| $259K | ﹤0.01% |
3,208
+639
| +25% | +$59.8K |
|
3974
B2Gold
BTG
$4.94B
| $258K | ﹤0.01% |
72,231
-4,140
| -5% | -$16.2K |
|
|
MHN
3975
DELISTED
BlackRock MuniHoldings New Yrok Quality Fund
MHN
| $258K | ﹤0.01% |
24,577
-1,399
| -5% | -$14.5K |
|
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.