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 | |
|---|---|---|---|---|---|---|
826
Nuveen Floating Rate Income Fund
JFR
$1.23B
| $18.6M | 0.01% |
2,355,859
+113,694
| +5% | +$913K |
|
827
Kroger
KR
$36.7B
| $18.6M | 0.01% |
395,198
+37,163
| +10% | +$1.77M |
|
828
GSK
GSK
$107B
| $18.6M | 0.01% |
520,755
+73,045
| +16% | +$2.62M |
|
829
Nuveen ESG Small-Cap ETF
NUSC
$1.27B
| $18.5M | 0.01% |
499,290
+22,836
| +5% | +$807K |
|
830
Janus Henderson Mortgage-Backed Securities ETF
JMBS
$6.74B
| $18.5M | 0.01% |
403,302
+54,357
| +16% | +$2.51M |
|
831
First Trust Consumer Discretionary AlphaDEX Fund
FXD
$276M
| $18.4M | 0.01% |
333,945
+1,351
| +0.4% | +$70.1K |
|
832
PPG Industries
PPG
$24.9B
| $18.4M | 0.01% |
124,092
-4,899
| -4% | -$684K |
|
833
Fidelity High Dividend ETF
FDVV
$10.1B
| $18.4M | 0.01% |
462,886
+159,494
| +53% | +$6.15M |
|
834
Invesco S&P MidCap Value with Momentum ETF
XMVM
$504M
| $18.4M | 0.01% |
398,658
+16,467
| +4% | +$709K |
|
835
iShares MSCI China ETF
MCHI
$6.23B
| $18.3M | 0.01% |
409,967
+23,881
| +6% | +$1.12M |
|
836
Aptiv
APTV
$12.3B
| $18.3M | 0.01% |
179,108
+696
| +0.4% | +$68.8K |
|
837
Invesco DB US Dollar Index Bullish Fund
UUP
$423M
| $18.1M | 0.01% |
639,044
-478,457
| -43% | -$13.4M |
|
838
Goldman Sachs Access Emerging Markets USD Bond ETF
GEMD
$37.3M
| $18.1M | 0.01% |
451,312
+793
| +0.2% | +$31.7K |
|
839
LeaderShares AlphaFactor US Core Equity ETF
LSAF
$124M
| $18.1M | 0.01% |
569,695
+31,396
| +6% | +$950K |
|
840
Xylem
XYL
$28.5B
| $18M | 0.01% |
160,020
+27,787
| +21% | +$2.94M |
|
841
Dimensional Emerging Markets Core Equity 2 ETF
DFEM
$8.48B
| $18M | 0.01% |
747,718
+125,628
| +20% | +$2.98M |
|
842
First Trust Dorsey Wright International Focus 5 ETF
IFV
$221M
| $17.9M | 0.01% |
991,281
+99
| +0% | +$1.76K |
|
843
D.R. Horton
DHI
$41.2B
| $17.8M | 0.01% |
146,541
+11,949
| +9% | +$1.31M |
|
844
Hartford Multifactor Developed Markets ex-US ETF
RODM
$1.6B
| $17.8M | 0.01% |
677,132
+182,518
| +37% | +$4.88M |
|
845
iShares AAA-A Rated Corporate Bond ETF
QLTA
$1.24B
| $17.8M | 0.01% |
377,688
+180,703
| +92% | +$8.55M |
|
846
BHP
BHP
$211B
| $17.8M | 0.01% |
298,218
+28,037
| +10% | +$1.67M |
|
847
Tetra Tech
TTEK
$8.77B
| $17.8M | 0.01% |
542,265
+54,540
| +11% | +$1.6M |
|
848
Pacer Trendpilot US Mid Cap ETF
PTMC
$388M
| $17.7M | 0.01% |
538,354
-9,784
| -2% | -$313K |
|
849
Goldman Sachs Access Inflation Protected USD Bond ETF
GTIP
$293M
| $17.6M | 0.01% |
358,985
-11,129
| -3% | -$552K |
|
850
Weyerhaeuser
WY
$17.6B
| $17.6M | 0.01% |
525,608
+28,955
| +6% | +$872K |
|
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.