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 | |
|---|---|---|---|---|---|---|
1026
Invesco KBW Property & Casualty Insurance ETF
KBWP
$276M
| $12.3M | 0.01% |
150,187
-15,354
| -9% | -$1.27M |
|
1027
First Trust Natural Gas ETF
FCG
$632M
| $12.3M | 0.01% |
527,327
-154,033
| -23% | -$3.5M |
|
1028
Royce Value Trust
RVT
$2.19B
| $12.3M | 0.01% |
889,135
-4,110
| -0.5% | -$53.9K |
|
1029
Warner Bros
WBD
$64.3B
| $12.3M | 0.01% |
977,580
+22,554
| +2% | +$293K |
|
1030
iShares ESG Aware USD Corporate Bond ETF
SUSC
$1.29B
| $12.2M | 0.01% |
537,266
+85,978
| +19% | +$1.96M |
|
1031
Omnicom Group
OMC
$23.5B
| $12.2M | 0.01% |
127,985
+1,263
| +1% | +$117K |
|
1032
Schwab Emerging Markets Equity ETF
SCHE
$12.2B
| $12.2M | 0.01% |
493,510
+9,253
| +2% | +$226K |
|
1033
DTE Energy
DTE
$29.9B
| $12.2M | 0.01% |
110,454
+8,440
| +8% | +$941K |
|
|
FCT
1034
First Trust Senior Floating Rate Income Fund II
FCT
$251M
| $12.1M | 0.01% |
1,224,814
+185,980
| +18% | +$1.8M |
|
1035
Diamondback Energy
FANG
$56B
| $12.1M | 0.01% |
92,110
+11,003
| +14% | +$1.47M |
|
1036
Akamai
AKAM
$15.6B
| $12.1M | 0.01% |
134,130
+7,956
| +6% | +$682K |
|
1037
J.M. Smucker
SJM
$13.5B
| $12.1M | 0.01% |
81,626
-253
| -0.3% | -$38.6K |
|
1038
Principal Exchange-Traded Funds Principal US Mega-Cap ETF
USMC
$3.48B
| $12.1M | 0.01% |
276,076
+124,349
| +82% | +$5.11M |
|
1039
Vanguard Ultra-Short Bond ETF
VUSB
$8.94B
| $12M | 0.01% |
244,430
+10,120
| +4% | +$497K |
|
1040
Owens Corning
OC
$11B
| $12M | 0.01% |
92,041
+1,580
| +2% | +$173K |
|
1041
Sprott Physical Gold and Silver Trust
CEF
$7.38B
| $12M | 0.01% |
665,679
+1,509
| +0.2% | +$28.6K |
|
1042
iShares Morningstar US Equity ETF
ILCB
$1.24B
| $12M | 0.01% |
196,143
+4,641
| +2% | +$268K |
|
1043
Biogen
BIIB
$30.9B
| $12M | 0.01% |
42,029
-500
| -1% | -$149K |
|
1044
Vanguard FTSE All-World ex-US Small-Cap Index Fund
VSS
$11B
| $11.9M | 0.01% |
108,074
+6,262
| +6% | +$690K |
|
1045
M&T Bank
MTB
$36.3B
| $11.9M | 0.01% |
96,133
+12,116
| +14% | +$1.47M |
|
1046
Lennar Class A
LEN
$20.4B
| $11.9M | 0.01% |
98,049
+2,252
| +2% | +$246K |
|
1047
Royal Caribbean
RCL
$86.8B
| $11.9M | 0.01% |
114,532
+31,103
| +37% | +$2.44M |
|
|
1048
PUT
Invesco QQQ Trust
QQQ
$436B
| $11.9M | 0.01% |
32,100
-9,500
| -23% | -$3.2M |
|
1049
Church & Dwight Co
CHD
$23.7B
| $11.8M | 0.01% |
118,056
+5,072
| +4% | +$478K |
|
1050
American Century Diversified Corporate Bond ETF
KORP
$869M
| $11.8M | 0.01% |
259,388
-177,972
| -41% | -$8.19M |
|
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.