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 | |
|---|---|---|---|---|---|---|
1151
Maximus
MMS
$3.32B
| $9.8M | 0.01% |
115,921
-58
| -0.1% | -$4.77K |
|
1152
Nuveen ESG Mid-Cap Value ETF
NUMV
$448M
| $9.79M | 0.01% |
330,285
+13,335
| +4% | +$380K |
|
1153
abrdn Physical Silver Shares ETF
SIVR
$3.98B
| $9.79M | 0.01% |
447,864
+107,624
| +32% | +$2.5M |
|
1154
Virtus InfraCap US Preferred Stock ETF
PFFA
$2.42B
| $9.77M | 0.01% |
497,686
+81,207
| +19% | +$1.53M |
|
1155
Main Street Capital
MAIN
$5.05B
| $9.77M | 0.01% |
244,004
+16,713
| +7% | +$663K |
|
1156
Fidelity MSCI Consumer Staples Index ETF
FSTA
$1.45B
| $9.77M | 0.01% |
215,037
+15,792
| +8% | +$719K |
|
1157
CION Investment
CION
$297M
| $9.73M | 0.01% |
937,336
+939
| +0.1% | +$9.26K |
|
1158
Deckers Outdoor
DECK
$14.1B
| $9.71M | 0.01% |
110,424
+7,014
| +7% | +$564K |
|
1159
Global X Artificial Intelligence & Technology ETF
AIQ
$8.89B
| $9.7M | 0.01% |
346,808
+281,283
| +429% | +$7.12M |
|
1160
NNN REIT
NNN
$9.29B
| $9.69M | 0.01% |
226,457
+2,611
| +1% | +$112K |
|
1161
Teradyne
TER
$50B
| $9.69M | 0.01% |
87,029
+8,195
| +10% | +$822K |
|
1162
Main Sector Rotation ETF
SECT
$2.68B
| $9.67M | 0.01% |
224,500
+35,122
| +19% | +$1.45M |
|
1163
Leggett & Platt
LEG
$1.4B
| $9.65M | 0.01% |
325,802
+48,576
| +18% | +$1.53M |
|
1164
First Trust Nasdaq Bank ETF
FTXO
$302M
| $9.62M | 0.01% |
453,406
+14,729
| +3% | +$308K |
|
|
WBND
1165
DELISTED
Western Asset Total Return ETF
WBND
| $9.6M | 0.01% |
468,407
+411,673
| +726% | +$8.48M |
|
1166
iShares Europe ETF
IEV
$1.64B
| $9.57M | 0.01% |
189,360
+49,932
| +36% | +$2.54M |
|
|
IBMM
1167
DELISTED
iShares iBonds Dec 2024 Term Muni Bond ETF
IBMM
| $9.56M | 0.01% |
371,259
+1,742
| +0.5% | +$44.8K |
|
1168
Harbor Dividend Growth Leaders ETF
GDIV
$235M
| $9.56M | 0.01% |
757,761
+382,476
| +102% | +$4.64M |
|
1169
Equifax
EFX
$22B
| $9.53M | 0.01% |
40,513
-1,328
| -3% | -$280K |
|
1170
Datadog
DDOG
$94B
| $9.45M | 0.01% |
96,076
+31,521
| +49% | +$2.64M |
|
1171
Invesco Russell 1000 Equal Weight ETF
EQAL
$816M
| $9.45M | 0.01% |
225,893
-61,648
| -21% | -$2.5M |
|
1172
Principal Financial Group
PFG
$24.3B
| $9.42M | 0.01% |
124,260
+5,617
| +5% | +$405K |
|
1173
First Trust Europe AlphaDEX Fund
FEP
$515M
| $9.41M | 0.01% |
273,437
+11,007
| +4% | +$383K |
|
1174
iShares MSCI Indonesia ETF
EIDO
$466M
| $9.41M | 0.01% |
408,186
+157,260
| +63% | +$3.73M |
|
1175
Adaptive Alpha Opportunities ETF
AGOX
$369M
| $9.4M | 0.01% |
401,317
-16,212
| -4% | -$359K |
|
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.