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 Morningstar 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 | |
|---|---|---|---|---|---|---|
1051
Sprott Physical Silver Trust
PSLV
$11.8B
| $11.8M | 0.01% |
1,516,721
+98,319
| +7% | +$817K |
|
1052
Lincoln National
LNC
$7.92B
| $11.8M | 0.01% |
458,421
+249,502
| +119% | +$5.48M |
|
1053
First Trust Nasdaq Semiconductor ETF
FTXL
$1.93B
| $11.8M | 0.01% |
165,503
-44,165
| -21% | -$2.83M |
|
1054
Apollo Global Management
APO
$69B
| $11.8M | 0.01% |
153,223
-5,455
| -3% | -$365K |
|
1055
CarMax
KMX
$8.39B
| $11.7M | 0.01% |
140,031
-12,507
| -8% | -$916K |
|
1056
Bio-Rad Laboratories Class A
BIO
$8.76B
| $11.7M | 0.01% |
30,851
+1,600
| +5% | +$651K |
|
1057
iShares MSCI France ETF
EWQ
$328M
| $11.6M | 0.01% |
300,654
+266,452
| +779% | +$10.2M |
|
1058
GE HealthCare
GEHC
$32.5B
| $11.5M | 0.01% |
142,032
+14,020
| +11% | +$1.12M |
|
|
ETV
1059
Eaton Vance Tax-Managed Buy-Write Opportunities Fund
ETV
$1.66B
| $11.5M | 0.01% |
902,406
+167,384
| +23% | +$2.08M |
|
1060
American International
AIG
$42.5B
| $11.5M | 0.01% |
200,281
+2,159
| +1% | +$116K |
|
1061
Ameriprise Financial
AMP
$47.8B
| $11.5M | 0.01% |
34,662
+2,648
| +8% | +$814K |
|
1062
Invesco S&P 500 Equal Weight Industrials ETF
RSPN
$1.07B
| $11.5M | 0.01% |
281,280
-60,240
| -18% | -$2.27M |
|
|
FITB
1063
Fifth Third Bancorp
FITB
$51.3B
| $11.5M | 0.01% |
438,090
+120,589
| +38% | +$3.11M |
|
1064
Lamb Weston
LW
$7.42B
| $11.5M | 0.01% |
99,706
+35,616
| +56% | +$3.97M |
|
1065
US Treasury 2 Year Note ETF
UTWO
$481M
| $11.5M | 0.01% |
237,369
+48,982
| +26% | +$2.39M |
|
|
CHY
1066
Calamos Convertible and High Income Fund
CHY
$978M
| $11.4M | 0.01% |
1,018,530
+290,546
| +40% | +$3.11M |
|
1067
Ciena
CIEN
$46.8B
| $11.4M | 0.01% |
268,906
-2,022
| -0.7% | -$92.1K |
|
1068
Global X Internet of Things ETF
SNSR
$211M
| $11.4M | 0.01% |
330,059
+164,351
| +99% | +$5.32M |
|
|
B
1069
Barrick Mining
B
$60.9B
| $11.4M | 0.01% |
670,746
+11,292
| +2% | +$206K |
|
1070
First Trust NASDAQ 100 ex-Technology Sector Index Fund
QQXT
$156M
| $11.3M | 0.01% |
133,887
+95,021
| +244% | +$7.78M |
|
1071
AAM S&P 500 High Dividend Value ETF
SPDV
$103M
| $11.2M | 0.01% |
394,770
+166,280
| +73% | +$4.6M |
|
1072
State Street SPDR S&P Oil & Gas Equipment & Services ETF
XES
$352M
| $11.2M | 0.01% |
143,255
-16,100
| -10% | -$1.18M |
|
1073
AvalonBay Communities
AVB
$27.5B
| $11.2M | 0.01% |
59,159
+3,759
| +7% | +$671K |
|
1074
AAM Low Duration Preferred and Income Securities ETF
PFLD
$414M
| $11.2M | 0.01% |
533,500
+20,585
| +4% | +$426K |
|
1075
iShares Core Dividend ETF
DIVB
$1.71B
| $11.1M | 0.01% |
291,343
-1,371
| -0.5% | -$50.9K |
|
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.