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 | |
|---|---|---|---|---|---|---|
1276
IQ MacKay Municipal Insured ETF
MMIN
$466M
| $7.89M | 0.01% |
326,083
+24,024
| +8% | +$582K |
|
1277
Starwood Property Trust
STWD
$6.12B
| $7.89M | 0.01% |
406,902
+43,610
| +12% | +$775K |
|
1278
iShares MSCI Global Gold Miners ETF
RING
$2.26B
| $7.89M | 0.01% |
338,622
-4,442
| -1% | -$112K |
|
1279
Cleveland-Cliffs
CLF
$6.49B
| $7.87M | 0.01% |
469,646
-9,277
| -2% | -$147K |
|
1280
Invesco KBW High Dividend Yield Financial ETF
KBWD
$413M
| $7.87M | 0.01% |
503,293
+59,295
| +13% | +$871K |
|
|
CTRA
1281
DELISTED
Coterra Energy
CTRA
| $7.87M | 0.01% |
310,896
-197,476
| -39% | -$4.91M |
|
1282
iShares iBonds Dec 2029 Term Corporate ETF
IBDU
$4.03B
| $7.86M | 0.01% |
350,321
+45,230
| +15% | +$1.03M |
|
1283
Schwab US REIT ETF
SCHH
$11.7B
| $7.86M | 0.01% |
402,406
-17,954
| -4% | -$344K |
|
1284
Pacer Metaurus US Large Cap Dividend Multiplier 400 ETF
QDPL
$1.67B
| $7.86M | 0.01% |
246,634
+90,239
| +58% | +$2.77M |
|
|
GUT
1285
Gabelli Utility Trust
GUT
$564M
| $7.86M | 0.01% |
1,188,715
+5,100
| +0.4% | +$34.4K |
|
1286
iShares Core US REIT ETF
USRT
$4.71B
| $7.85M | 0.01% |
152,778
-16,433
| -10% | -$822K |
|
1287
Align Technology
ALGN
$12.9B
| $7.84M | 0.01% |
22,179
+790
| +4% | +$252K |
|
1288
Pinterest
PINS
$13.7B
| $7.81M | 0.01% |
285,791
+111,562
| +64% | +$2.78M |
|
1289
Las Vegas Sands
LVS
$31.4B
| $7.79M | 0.01% |
134,315
+19,740
| +17% | +$1.17M |
|
1290
Norwegian Cruise Line
NCLH
$9.53B
| $7.77M | 0.01% |
357,017
-26,117
| -7% | -$400K |
|
1291
iShares US Oil & Gas Exploration & Production ETF
IEO
$566M
| $7.76M | 0.01% |
91,390
-17,851
| -16% | -$1.5M |
|
1292
First Trust Long Duration Opportunities ETF
LGOV
$621M
| $7.74M | 0.01% |
347,882
+164,842
| +90% | +$3.72M |
|
1293
Ferrari
RACE
$67.8B
| $7.72M | 0.01% |
23,744
+4,571
| +24% | +$1.33M |
|
1294
Zoom
ZM
$27.1B
| $7.71M | 0.01% |
113,567
+8,786
| +8% | +$587K |
|
1295
iShares Residential and Multisector Real Estate ETF
REZ
$906M
| $7.69M | 0.01% |
105,001
+11,288
| +12% | +$806K |
|
1296
TransDigm Group
TDG
$70.7B
| $7.68M | 0.01% |
8,590
+2,095
| +32% | +$1.66M |
|
1297
Twilio
TWLO
$28.6B
| $7.68M | 0.01% |
120,697
+23,147
| +24% | +$1.37M |
|
1298
WisdomTree Europe Hedged Equity Fund
HEDJ
$1.81B
| $7.65M | 0.01% |
186,986
+8,184
| +5% | +$336K |
|
1299
Brown-Forman Class B
BF.B
$13.5B
| $7.63M | 0.01% |
114,222
+2,624
| +2% | +$168K |
|
|
QQQH
1300
NEOS Nasdaq-100 Hedged Equity Income ETF
QQQH
$366M
| $7.62M | 0.01% |
176,891
-21,143
| -11% | -$858K |
|
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.