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 | |
|---|---|---|---|---|---|---|
1001
FlexShares Global Upstream Natural Resources Index Fund
GUNR
$7.19B
| $12.8M | 0.01% |
318,988
-9,111
| -3% | -$376K |
|
1002
Vanguard Russell 3000 ETF
VTHR
$4.57B
| $12.8M | 0.01% |
64,621
+165
| +0.3% | +$30.9K |
|
1003
ProShares Russell 2000 Dividend Growers ETF
SMDV
$701M
| $12.7M | 0.01% |
215,364
+12,587
| +6% | +$742K |
|
1004
Gabelli Equity Trust
GAB
$1.73B
| $12.7M | 0.01% |
2,194,314
+60,469
| +3% | +$338K |
|
1005
Vanguard ESG US Stock ETF
ESGV
$12.8B
| $12.7M | 0.01% |
162,437
+29,829
| +22% | +$2.2M |
|
1006
Amphenol
APH
$185B
| $12.7M | 0.01% |
299,524
+38,788
| +15% | +$1.51M |
|
1007
Invesco Food & Beverage ETF
PBJ
$111M
| $12.7M | 0.01% |
279,823
-8,749
| -3% | -$405K |
|
1008
Enphase Energy
ENPH
$4.62B
| $12.7M | 0.01% |
75,826
+26,203
| +53% | +$4.68M |
|
1009
Fastenal
FAST
$54.8B
| $12.6M | 0.01% |
427,782
-50,292
| -11% | -$1.38M |
|
1010
iShares 10+ Year Investment Grade Corporate Bond ETF
IGLB
$2.62B
| $12.6M | 0.01% |
244,494
+31,499
| +15% | +$1.62M |
|
1011
Idexx Laboratories
IDXX
$44.9B
| $12.6M | 0.01% |
25,095
+3,634
| +17% | +$1.74M |
|
1012
SBA Communications
SBAC
$19.8B
| $12.6M | 0.01% |
54,380
-1,381
| -2% | -$330K |
|
1013
Welltower
WELL
$173B
| $12.6M | 0.01% |
155,522
+4,773
| +3% | +$368K |
|
1014
Hartford Municipal Opportunities ETF
HMOP
$781M
| $12.6M | 0.01% |
330,482
-40,532
| -11% | -$1.55M |
|
1015
Guggenheim Strategic Opportunities Fund
GOF
$2.2B
| $12.6M | 0.01% |
790,556
+286,952
| +57% | +$4.58M |
|
1016
AllianceBernstein
AB
$3.47B
| $12.6M | 0.01% |
390,534
+30,306
| +8% | +$1.04M |
|
1017
Expeditors International
EXPD
$22.3B
| $12.5M | 0.01% |
103,552
+4,153
| +4% | +$472K |
|
1018
Invesco Leisure and Entertainment ETF
PEJ
$263M
| $12.5M | 0.01% |
299,759
+5,017
| +2% | +$204K |
|
1019
Bank OZK
OZK
$5.63B
| $12.5M | 0.01% |
310,607
+7,554
| +2% | +$271K |
|
1020
VanEck JP Morgan EM Local Currency Bond ETF
EMLC
$4.76B
| $12.5M | 0.01% |
487,489
-31,611
| -6% | -$797K |
|
1021
Take-Two Interactive
TTWO
$46.1B
| $12.4M | 0.01% |
84,470
+2,408
| +3% | +$315K |
|
1022
Ball Corp
BALL
$17.5B
| $12.4M | 0.01% |
213,165
-49,716
| -19% | -$2.7M |
|
1023
Principal Spectrum Preferred Securities Active ETF
PREF
$1.77B
| $12.4M | 0.01% |
730,213
+157,497
| +28% | +$2.64M |
|
1024
iShares ESG Aware 1-5 Year USD Corporate Bond ETF
SUSB
$1.3B
| $12.4M | 0.01% |
517,567
-56,281
| -10% | -$1.35M |
|
1025
First Trust Alternative Absolute Return Strategy ETF
FAAR
$192M
| $12.4M | 0.01% |
438,730
-182,732
| -29% | -$5.29M |
|
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.