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 | |
|---|---|---|---|---|---|---|
1351
SoFi Technologies
SOFI
$19.6B
| $7.19M | 0.01% |
861,642
+61,086
| +8% | +$398K |
|
1352
Ingersoll Rand
IR
$33.1B
| $7.18M | 0.01% |
109,830
+12,766
| +13% | +$755K |
|
1353
State Street SPDR S&P North American Natural Resources ETF
NANR
$746M
| $7.18M | 0.01% |
139,326
+12,262
| +10% | +$646K |
|
1354
VanEck Biotech ETF
BBH
$406M
| $7.18M | 0.01% |
45,985
-2,174
| -5% | -$347K |
|
1355
Hercules Capital
HTGC
$2.99B
| $7.17M | 0.01% |
484,673
+33,472
| +7% | +$459K |
|
1356
Huntington Ingalls Industries
HII
$11B
| $7.17M | 0.01% |
31,508
+153
| +0.5% | +$31.8K |
|
|
X
1357
DELISTED
US Steel
X
| $7.17M | 0.01% |
286,605
+4,918
| +2% | +$114K |
|
1358
Cognizant
CTSH
$25.2B
| $7.17M | 0.01% |
109,768
+31,962
| +41% | +$1.98M |
|
1359
Invesco MSCI Sustainable Future ETF
ERTH
$131M
| $7.16M | 0.01% |
146,095
+6,213
| +4% | +$295K |
|
1360
Dimensional US Core Equity Market ETF
DFAU
$12.1B
| $7.15M | 0.01% |
230,607
+30,813
| +15% | +$904K |
|
1361
MPLX
MPLX
$58.6B
| $7.14M | 0.01% |
210,377
+2,036
| +1% | +$69.5K |
|
1362
Fidelity MSCI Financials Index ETF
FNCL
$2.37B
| $7.14M | 0.01% |
151,597
-12,421
| -8% | -$564K |
|
1363
Celsius Holdings
CELH
$7.38B
| $7.13M | 0.01% |
143,442
+11,028
| +8% | +$439K |
|
1364
ProShares High Yield-Interest Rate Hedged ETF
HYHG
$182M
| $7.13M | 0.01% |
116,537
+3,045
| +3% | +$181K |
|
1365
Reliance Steel & Aluminium
RS
$20.6B
| $7.12M | 0.01% |
26,232
-29
| -0.1% | -$7.18K |
|
1366
EMQQ The Emerging Markets Internet & Ecommerce ETF
EMQQ
$269M
| $7.12M | 0.01% |
242,609
-52,123
| -18% | -$1.55M |
|
1367
AB InBev
BUD
$164B
| $7.12M | 0.01% |
125,574
-22,501
| -15% | -$1.36M |
|
1368
Cloudflare
NET
$96B
| $7.11M | 0.01% |
108,704
+10,925
| +11% | +$652K |
|
1369
Global X Uranium ETF
URA
$5.21B
| $7.09M | 0.01% |
326,896
-125,711
| -28% | -$2.57M |
|
1370
Super Micro Computer
SMCI
$16.6B
| $7.09M | 0.01% |
284,420
-32,870
| -10% | -$551K |
|
|
CRF
1371
Cornerstone Total Return Fund
CRF
$1.13B
| $7.07M | 0.01% |
901,142
+238,647
| +36% | +$1.77M |
|
1372
Quest Diagnostics
DGX
$26B
| $7.06M | 0.01% |
50,252
+2,103
| +4% | +$290K |
|
1373
Charles River Laboratories
CRL
$11.3B
| $7.04M | 0.01% |
33,493
+4,540
| +16% | +$903K |
|
1374
Xtrackers MSCI All World ex US Hedged Equity ETF
DBAW
$282M
| $7.03M | 0.01% |
242,897
+6,593
| +3% | +$193K |
|
1375
Cambria Global Asset Allocation ETF
GAA
$72M
| $7.01M | 0.01% |
259,118
-21,318
| -8% | -$571K |
|
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.