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 | |
|---|---|---|---|---|---|---|
1451
State Street SPDR US Small Cap Low Volatility Index ETF
SMLV
$260M
| $6.15M | ﹤0.01% |
59,555
-6,011
| -9% | -$612K |
|
1452
Ameren
AEE
$30.4B
| $6.12M | ﹤0.01% |
74,959
+12,075
| +19% | +$1.03M |
|
1453
WisdomTree US MidCap Fund
EZM
$939M
| $6.1M | ﹤0.01% |
115,173
-5,761
| -5% | -$286K |
|
1454
JPMorgan Diversified Return International Equity ETF
JPIN
$364M
| $6.08M | ﹤0.01% |
117,020
+41,015
| +54% | +$2.17M |
|
1455
Vale
VALE
$62.3B
| $6.05M | ﹤0.01% |
450,617
+119,999
| +36% | +$1.7M |
|
1456
Lamar Advertising Co
LAMR
$16.7B
| $6.05M | ﹤0.01% |
60,929
+8,931
| +17% | +$867K |
|
|
IBHC
1457
DELISTED
iShares iBonds 2023 Term High Yield and Income ETF
IBHC
| $6.02M | ﹤0.01% |
254,834
-6,046
| -2% | -$143K |
|
1458
RLI Corp
RLI
$6.02B
| $6M | ﹤0.01% |
87,988
+12
| +0% | +$797 |
|
1459
Davis Select Financial ETF
DFNL
$460M
| $5.99M | ﹤0.01% |
221,084
-1,039
| -0.5% | -$27.2K |
|
1460
American Century US Quality Value ETF
VALQ
$329M
| $5.98M | ﹤0.01% |
120,182
-22,295
| -16% | -$1.07M |
|
1461
Restaurant Brands International
QSR
$26.2B
| $5.98M | ﹤0.01% |
77,100
+11,243
| +17% | +$812K |
|
|
CSA
1462
DELISTED
VictoryShares US Small Cap Volatility Wtd ETF
CSA
| $5.95M | ﹤0.01% |
98,424
-2,260
| -2% | -$132K |
|
1463
iShares Self-Driving EV and Tech ETF
IDRV
$124M
| $5.92M | ﹤0.01% |
144,738
-9,199
| -6% | -$346K |
|
1464
Zscaler
ZS
$24.9B
| $5.91M | ﹤0.01% |
40,425
+6,613
| +20% | +$807K |
|
1465
Global Payments
GPN
$24.1B
| $5.91M | ﹤0.01% |
59,959
-17,123
| -22% | -$1.76M |
|
|
WCLD
1466
WisdomTree Cloud Computing Fund
WCLD
$270M
| $5.9M | ﹤0.01% |
186,065
-40,588
| -18% | -$1.18M |
|
1467
Jack Henry & Associates
JKHY
$11.4B
| $5.89M | ﹤0.01% |
35,186
-614
| -2% | -$95.6K |
|
1468
US Treasury 12 Month Bill ETF
OBIL
$306M
| $5.86M | ﹤0.01% |
117,448
+113,008
| +2,545% | +$5.65M |
|
1469
Pacer American Energy Infrastructure ETF
USAI
$127M
| $5.86M | ﹤0.01% |
215,590
-8,392
| -4% | -$220K |
|
1470
Sprott Uranium Miners ETF
URNM
$1.71B
| $5.86M | ﹤0.01% |
174,486
+7,675
| +5% | +$243K |
|
1471
Pacer Lunt Large Cap Multi-Factor Alternator ETF
PALC
$206M
| $5.86M | ﹤0.01% |
153,398
-31,111
| -17% | -$1.11M |
|
|
AOD
1472
abrdn Total Dynamic Dividend Fund
AOD
$1.08B
| $5.85M | ﹤0.01% |
708,692
+47,514
| +7% | +$387K |
|
1473
WisdomTree Managed Futures Strategy Fund
WTMF
$242M
| $5.85M | ﹤0.01% |
167,211
+3,820
| +2% | +$131K |
|
1474
Baidu
BIDU
$35.7B
| $5.85M | ﹤0.01% |
42,716
-1,036
| -2% | -$136K |
|
1475
APA Corp
APA
$13B
| $5.84M | ﹤0.01% |
170,956
-12,675
| -7% | -$442K |
|
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.