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 | |
|---|---|---|---|---|---|---|
|
DFUS
426
Dimensional US Equity ETF
DFUS
$20.7B
| $52.6M | 0.04% |
1,092,504
+30,977
| +3% | +$1.41M |
|
427
GE Aerospace
GE
$377B
| $52.5M | 0.04% |
599,299
+80,450
| +16% | +$6.51M |
|
428
BCE
BCE
$20.3B
| $52.4M | 0.04% |
1,150,428
+101,749
| +10% | +$4.74M |
|
429
ProShares S&P MidCap 400 Dividend Aristocrats ETF
REGL
$1.78B
| $52.3M | 0.04% |
743,990
+49,647
| +7% | +$3.45M |
|
430
W.P. Carey
WPC
$16.8B
| $52.1M | 0.04% |
788,010
-10,961
| -1% | -$762K |
|
431
Capital Group Global Growth Equity ETF
CGGO
$11.2B
| $52.1M | 0.04% |
2,143,362
+293,078
| +16% | +$6.9M |
|
432
Capital Group Core Equity ETF
CGUS
$11.2B
| $51.1M | 0.04% |
1,991,790
+265,700
| +15% | +$6.49M |
|
433
Invesco Russell 2000 Dynamic Multifactor ETF
OMFS
$284M
| $51.1M | 0.04% |
1,409,990
+364,977
| +35% | +$12.7M |
|
434
WisdomTree US SmallCap Dividend Fund
DES
$2.21B
| $51.1M | 0.04% |
1,773,534
+100,507
| +6% | +$2.8M |
|
435
State Street SPDR Nuveen ICE High Yield Municipal Bond ETF
HYMB
$3.1B
| $51M | 0.04% |
2,041,082
+126,829
| +7% | +$3.16M |
|
436
PIMCO Intermediate Municipal Bond Active Exchange-Traded Fund
MUNI
$3.07B
| $51M | 0.04% |
984,708
+14,995
| +2% | +$778K |
|
437
First Trust Water ETF
FIW
$1.9B
| $51M | 0.04% |
575,757
+51,058
| +10% | +$4.29M |
|
438
Fidelity Total Bond ETF
FBND
$27.2B
| $50.2M | 0.04% |
1,106,063
+230,508
| +26% | +$10.5M |
|
439
Schwab US Mid-Cap ETF
SCHM
$14.5B
| $50.1M | 0.04% |
2,117,706
+60,351
| +3% | +$1.36M |
|
440
iShares MSCI KLD 400 Social ETF
DSI
$5.17B
| $50.1M | 0.04% |
595,300
-32,962
| -5% | -$2.62M |
|
|
IBDO
441
DELISTED
iShares iBonds Dec 2023 Term Corporate ETF
IBDO
| $50M | 0.04% |
1,976,998
+87,008
| +5% | +$2.19M |
|
|
442
PUT
State Street SPDR S&P 500 ETF Trust
SPY
$783B
| $50M | 0.04% |
112,700
-6,100
| -5% | -$2.56M |
|
443
iShares 0-5 Year High Yield Corporate Bond ETF
SHYG
$7.61B
| $49.8M | 0.04% |
1,201,718
+221,506
| +23% | +$9.13M |
|
444
John Hancock Multifactor Large Cap ETF
JHML
$1.16B
| $49.6M | 0.04% |
903,732
+58,651
| +7% | +$3.08M |
|
445
General Mills
GIS
$20.1B
| $49.6M | 0.04% |
646,310
+21,351
| +3% | +$1.82M |
|
446
Paychex
PAYX
$42.3B
| $49.5M | 0.04% |
442,614
+10,468
| +2% | +$1.14M |
|
447
LyondellBasell Industries
LYB
$18.8B
| $49.5M | 0.04% |
538,978
+138,587
| +35% | +$12.7M |
|
|
SCHW
448
Charles Schwab
SCHW
$184B
| $49.4M | 0.04% |
871,754
+194,069
| +29% | +$10.2M |
|
449
Hershey
HSY
$37.2B
| $49.4M | 0.04% |
197,676
+13,672
| +7% | +$3.59M |
|
450
State Street SPDR Russell 1000 Yield Focus ETF
ONEY
$689M
| $49.4M | 0.04% |
517,952
-34,046
| -6% | -$3.15M |
|
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.