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 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 | |
|---|---|---|---|---|---|---|
401
Phillips 66
PSX
$82.5B
| $56.4M | 0.04% |
591,488
-4,464
| -0.7% | -$434K |
|
402
JPMorgan International Research Enhanced Equity ETF
JIRE
$11B
| $56.4M | 0.04% |
986,876
-115,191
| -10% | -$6.49M |
|
403
Goldman Sachs ActiveBeta Emerging Markets Equity ETF
GEM
$1.63B
| $56.3M | 0.04% |
1,884,372
-27,009
| -1% | -$805K |
|
404
State Street SPDR Portfolio High Yield Bond ETF
SPHY
$11.5B
| $56.3M | 0.04% |
2,466,460
-275,723
| -10% | -$6.26M |
|
405
FS KKR Capital
FSK
$3.08B
| $56.2M | 0.04% |
2,930,432
+117,728
| +4% | +$2.23M |
|
406
iShares Expanded Tech-Software Sector ETF
IGV
$12.3B
| $55.4M | 0.04% |
801,470
+397,570
| +98% | +$25M |
|
407
Marathon Petroleum
MPC
$89.3B
| $55.3M | 0.04% |
474,629
+1,183
| +0.2% | +$138K |
|
408
WisdomTree US High Dividend Fund
DHS
$1.59B
| $54.9M | 0.04% |
690,504
-109,046
| -14% | -$8.73M |
|
409
First Trust Financials AlphaDEX Fund
FXO
$1.15B
| $54.5M | 0.04% |
1,446,635
-147,462
| -9% | -$5.43M |
|
410
Aflac
AFL
$65.9B
| $54.5M | 0.04% |
780,787
+19,427
| +3% | +$1.3M |
|
411
Chubb
CB
$141B
| $54.4M | 0.04% |
282,620
+18,594
| +7% | +$3.64M |
|
412
State Street SPDR S&P Biotech ETF
XBI
$10.1B
| $54.4M | 0.04% |
654,080
+34,025
| +5% | +$2.85M |
|
413
First Trust Small Cap Core AlphaDEX Fund
FYX
$1.38B
| $54.2M | 0.04% |
659,105
-117,352
| -15% | -$9.27M |
|
414
Enterprise Products Partners
EPD
$83.6B
| $54.2M | 0.04% |
2,056,369
+124,366
| +6% | +$3.25M |
|
415
3M
MMM
$94.1B
| $54M | 0.04% |
645,167
+89,850
| +16% | +$7.63M |
|
416
iShares MSCI Intl Quality Factor ETF
IQLT
$13.7B
| $53.9M | 0.04% |
1,513,001
+121,708
| +9% | +$4.34M |
|
417
Vanguard Energy ETF
VDE
$9.72B
| $53.8M | 0.04% |
476,749
-30,966
| -6% | -$3.49M |
|
418
Pacer Trendpilot 100 ETF
PTNQ
$1.18B
| $53.7M | 0.04% |
865,402
+114,336
| +15% | +$6.57M |
|
419
State Street SPDR MSCI USA StrategicFactors ETF
QUS
$1.54B
| $53.7M | 0.04% |
436,486
-86,011
| -16% | -$10.2M |
|
420
Analog Devices
ADI
$178B
| $53.4M | 0.04% |
273,910
+38,234
| +16% | +$7.08M |
|
421
American Tower
AMT
$79.9B
| $53M | 0.04% |
273,283
+27,342
| +11% | +$5.35M |
|
422
Franklin US Mid Cap Multifactor Index ETF
FLQM
$1.61B
| $53M | 0.04% |
1,179,620
-17,253
| -1% | -$746K |
|
423
TSMC
TSM
$2.03T
| $52.9M | 0.04% |
524,589
+33,749
| +7% | +$3.14M |
|
424
Vanguard S&P 500 Value ETF
VOOV
$6.67B
| $52.6M | 0.04% |
338,132
-10,714
| -3% | -$1.59M |
|
425
Invesco S&P 500 Equal Weight Technology ETF
RSPT
$5.39B
| $52.6M | 0.04% |
1,789,690
+159,620
| +10% | +$4.36M |
|
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.