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 | |
|---|---|---|---|---|---|---|
|
IBTF
1251
DELISTED
iShares iBonds Dec 2025 Term Treasury ETF
IBTF
| $8.16M | 0.01% |
352,895
+110,731
| +46% | +$2.59M |
|
1252
Canadian National Railway
CNI
$78.5B
| $8.12M | 0.01% |
67,062
+4,154
| +7% | +$493K |
|
1253
Timothy Plan High Dividend Stock ETF
TPHD
$363M
| $8.12M | 0.01% |
257,761
+113,838
| +79% | +$3.5M |
|
1254
Global X Copper Miners ETF NEW
COPX
$7.04B
| $8.1M | 0.01% |
215,228
-36,820
| -15% | -$1.41M |
|
1255
PIMCO Short Term Municipal Bond Active Exchange-Traded Fund
SMMU
$1.14B
| $8.1M | 0.01% |
163,538
-123
| -0.1% | -$6.1K |
|
1256
Diodes
DIOD
$3.5B
| $8.1M | 0.01% |
87,564
+6,563
| +8% | +$578K |
|
1257
Snap-on
SNA
$21.5B
| $8.08M | 0.01% |
28,028
-346
| -1% | -$89.6K |
|
|
SPLK
1258
DELISTED
Splunk Inc
SPLK
| $8.06M | 0.01% |
75,946
-14,204
| -16% | -$1.35M |
|
1259
Atmos Energy
ATO
$29.7B
| $8.05M | 0.01% |
69,213
+7,612
| +12% | +$881K |
|
1260
Domino's
DPZ
$11.9B
| $8.03M | 0.01% |
23,833
+9,722
| +69% | +$3.07M |
|
1261
iShares Cybersecurity and Tech ETF
IHAK
$988M
| $8.03M | 0.01% |
212,202
+5,087
| +2% | +$182K |
|
1262
Gartner
IT
$11.1B
| $8.01M | 0.01% |
22,863
+5,355
| +31% | +$1.74M |
|
1263
Invesco KBW Premium Yield Equity REIT ETF
KBWY
$320M
| $8M | 0.01% |
445,598
+1,416
| +0.3% | +$24.6K |
|
1264
Best Buy
BBY
$19B
| $8M | 0.01% |
97,655
+12,448
| +15% | +$930K |
|
|
AXON
1265
Axon Enterprise
AXON
$42.8B
| $7.97M | 0.01% |
40,844
-1,490
| -4% | -$309K |
|
1266
Illumina
ILMN
$29.5B
| $7.97M | 0.01% |
43,686
+2,654
| +6% | +$537K |
|
1267
Nasdaq
NDAQ
$53.4B
| $7.97M | 0.01% |
159,817
+43,057
| +37% | +$2.33M |
|
1268
Marathon Digital Holdings
MARA
$3.83B
| $7.95M | 0.01% |
573,321
+19,589
| +4% | +$197K |
|
1269
State Street SPDR FactSet Innovative Technology ETF
XITK
$66.5M
| $7.94M | 0.01% |
60,144
-95,494
| -61% | -$11.3M |
|
|
BSMN
1270
DELISTED
Invesco BulletShares 2023 Municipal Bond ETF
BSMN
| $7.94M | 0.01% |
316,570
-63,081
| -17% | -$1.58M |
|
1271
Royal Bank of Canada
RY
$287B
| $7.92M | 0.01% |
82,960
+6,766
| +9% | +$646K |
|
1272
BlackRock Core Bond Trust
BHK
$644M
| $7.92M | 0.01% |
744,122
+56,358
| +8% | +$603K |
|
1273
Invesco S&P 500 Downside Hedged ETF
PHDG
$72.6M
| $7.91M | 0.01% |
237,385
-64,133
| -21% | -$2.1M |
|
1274
iShares MSCI World ETF
URTH
$7.83B
| $7.9M | 0.01% |
63,467
+3,479
| +6% | +$418K |
|
1275
Invesco BulletShares 2026 High Yield Corporate Bond ETF
BSJQ
$899M
| $7.9M | 0.01% |
346,296
-46,811
| -12% | -$1.06M |
|
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.