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 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 | |
|---|---|---|---|---|---|---|
126
Lockheed Martin
LMT
$134B
| $209M | 0.15% |
454,468
+7,462
| +2% | +$3.46M |
|
127
Goldman Sachs Access US Aggregate Bond ETF
GCOR
$792M
| $196M | 0.14% |
4,723,905
+16,112
| +0.3% | +$674K |
|
128
First Trust Dorsey Wright Focus 5 ETF
FV
$3.62B
| $193M | 0.14% |
4,107,266
+801,990
| +24% | +$35.8M |
|
129
iShares Russell Mid-Cap ETF
IWR
$56.1B
| $192M | 0.14% |
2,633,397
+74,004
| +3% | +$5.15M |
|
130
State Street Consumer Discretionary Select Sector SPDR ETF
XLY
$21.6B
| $192M | 0.14% |
2,263,594
+475,096
| +27% | +$36.4M |
|
131
Vanguard Long-Term Bond ETF
BLV
$5.78B
| $189M | 0.13% |
2,517,298
+134,271
| +6% | +$10.1M |
|
132
John Hancock Multifactor Mid Cap ETF
JHMM
$5.93B
| $187M | 0.13% |
3,756,208
+230,112
| +7% | +$10.9M |
|
133
Vanguard Short-Term Corporate Bond ETF
VCSH
$44.7B
| $186M | 0.13% |
2,455,473
-85,749
| -3% | -$6.52M |
|
134
Vanguard Mortgage-Backed Securities ETF
VMBS
$15.5B
| $185M | 0.13% |
4,025,183
+196,416
| +5% | +$9.09M |
|
135
Boeing
BA
$168B
| $184M | 0.13% |
871,650
+16,491
| +2% | +$3.43M |
|
136
iShares 7-10 Year Treasury Bond ETF
IEF
$47.2B
| $183M | 0.13% |
1,898,927
+73,909
| +4% | +$7.27M |
|
137
Vanguard Small-Cap Value ETF
VBR
$37.3B
| $181M | 0.13% |
1,092,457
+5,532
| +0.5% | +$871K |
|
138
United Parcel Service
UPS
$95.8B
| $179M | 0.13% |
999,268
+32,830
| +3% | +$5.83M |
|
139
iShares iBoxx $ Investment Grade Corporate Bond ETF
LQD
$34.4B
| $179M | 0.13% |
1,654,245
+57,330
| +4% | +$6.2M |
|
140
Schwab US Large-Cap Growth ETF
SCHG
$58.8B
| $178M | 0.13% |
9,506,320
+761,520
| +9% | +$13.1M |
|
141
WisdomTree US LargeCap Dividend Fund
DLN
$6.26B
| $178M | 0.13% |
2,799,854
+268,309
| +11% | +$16.6M |
|
142
Caterpillar
CAT
$400B
| $178M | 0.13% |
723,382
+36,443
| +5% | +$8.13M |
|
143
Coca-Cola
KO
$361B
| $177M | 0.13% |
2,944,043
+132,683
| +5% | +$8.25M |
|
144
iShares 0-3 Month Treasury Bond ETF
SGOV
$99.3B
| $174M | 0.12% |
1,731,670
+386,363
| +29% | +$38.8M |
|
|
HDV
145
iShares Core High Dividend ETF
HDV
$14.6B
| $174M | 0.12% |
8,633,445
+44,780
| +0.5% | +$901K |
|
146
iShares Russell Top 200 Growth ETF
IWY
$15.7B
| $174M | 0.12% |
1,096,883
+111,855
| +11% | +$16.3M |
|
147
JPMorgan BetaBuilders US Aggregate Bond ETF
BBAG
$1.02B
| $173M | 0.12% |
3,741,720
+98,905
| +3% | +$4.61M |
|
148
First Trust Preferred Securities and Income ETF
FPE
$6.32B
| $173M | 0.12% |
10,806,599
+1,003,522
| +10% | +$16M |
|
149
iShares Select Dividend ETF
DVY
$23.8B
| $171M | 0.12% |
1,509,901
-242,175
| -14% | -$27.6M |
|
150
RTX Corp
RTX
$297B
| $169M | 0.12% |
1,725,583
-11,925
| -0.7% | -$1.17M |
|
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.