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 | |
|---|---|---|---|---|---|---|
|
DMA
1226
Destra Multi-Alternative Fund
DMA
$67.6M
| $8.48M | 0.01% |
1,692,736
+159,400
| +10% | +$899K |
|
1227
Strategy Inc
MSTR
$34.1B
| $8.47M | 0.01% |
247,400
-6,000
| -2% | -$182K |
|
1228
iShares MSCI USA Small-Cap Min Vol Factor ETF
SMMV
$291M
| $8.46M | 0.01% |
246,652
-21,723
| -8% | -$743K |
|
1229
State Street SPDR Dow Jones Global Real Estate ETF
RWO
$1.32B
| $8.44M | 0.01% |
205,504
-8,935
| -4% | -$366K |
|
1230
Eastman Chemical
EMN
$7.69B
| $8.41M | 0.01% |
100,501
-6,124
| -6% | -$498K |
|
1231
FirstEnergy
FE
$28.4B
| $8.41M | 0.01% |
216,239
-74,566
| -26% | -$2.93M |
|
1232
State Street SPDR S&P Kensho New Economies Composite ETF
KOMP
$2.52B
| $8.37M | 0.01% |
187,582
+9,753
| +5% | +$409K |
|
1233
American Century Quality Diversified International ETF
QINT
$654M
| $8.35M | 0.01% |
189,117
+20,583
| +12% | +$908K |
|
1234
Fidelity MSCI Energy Index ETF
FENY
$1.97B
| $8.33M | 0.01% |
376,071
+78,639
| +26% | +$1.74M |
|
1235
Nuveen Municipal Value Fund
NUV
$1.91B
| $8.33M | 0.01% |
957,318
+120,982
| +14% | +$1.06M |
|
1236
iShares Global Energy ETF
IXC
$2.75B
| $8.32M | 0.01% |
223,410
-306
| -0.1% | -$11.5K |
|
1237
Constellation Energy
CEG
$92.1B
| $8.31M | 0.01% |
90,783
+11,280
| +14% | +$935K |
|
1238
Hartford Multifactor US Equity ETF
ROUS
$690M
| $8.3M | 0.01% |
200,419
-35,897
| -15% | -$1.44M |
|
|
DFSD
1239
Dimensional Short-Duration Fixed Income ETF
DFSD
$7.09B
| $8.29M | 0.01% |
178,879
+32,931
| +23% | +$1.53M |
|
1240
Hilton Worldwide
HLT
$72.4B
| $8.29M | 0.01% |
56,928
+6,317
| +12% | +$899K |
|
1241
Graco
GGG
$13.2B
| $8.28M | 0.01% |
95,868
-28,201
| -23% | -$2.19M |
|
1242
Hartford Total Return Bond ETF
HTRB
$2.22B
| $8.28M | 0.01% |
247,593
+127,415
| +106% | +$4.31M |
|
1243
Avery Dennison
AVY
$12.8B
| $8.28M | 0.01% |
48,174
+806
| +2% | +$138K |
|
1244
Essential Utilities
WTRG
$11.5B
| $8.24M | 0.01% |
206,469
-12,863
| -6% | -$540K |
|
1245
iShares MSCI Germany ETF
EWG
$1.56B
| $8.24M | 0.01% |
288,383
+66,794
| +30% | +$1.92M |
|
1246
Arbor Realty Trust
ABR
$977M
| $8.24M | 0.01% |
555,711
+37,778
| +7% | +$468K |
|
|
IBMN
1247
DELISTED
iShares iBonds Dec 2025 Term Muni Bond ETF
IBMN
| $8.22M | 0.01% |
312,059
-8,364
| -3% | -$220K |
|
1248
Columbia Research Enhanced Core ETF
RECS
$5.87B
| $8.19M | 0.01% |
316,993
+304,656
| +2,469% | +$7.5M |
|
1249
iShares Morningstar Small-Cap Growth ETF
ISCG
$957M
| $8.19M | 0.01% |
197,674
+36,468
| +23% | +$1.43M |
|
1250
FMC
FMC
$1.25B
| $8.17M | 0.01% |
78,342
+18,357
| +31% | +$2.06M |
|
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.