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 | |
|---|---|---|---|---|---|---|
1476
Avantis Core Fixed Income ETF
AVIG
$1.94B
| $5.84M | ﹤0.01% |
141,252
+116,611
| +473% | +$4.86M |
|
1477
iShares MSCI ACWI ex US ETF
ACWX
$11.2B
| $5.83M | ﹤0.01% |
118,504
+3,964
| +3% | +$195K |
|
1478
Invesco S&P MidCap 400 Pure Growth ETF
RFG
$330M
| $5.82M | ﹤0.01% |
149,005
-87,545
| -37% | -$3.23M |
|
1479
CDW
CDW
$18.9B
| $5.82M | ﹤0.01% |
31,700
-3,801
| -11% | -$664K |
|
1480
Fidelity MSCI Consumer Discretionary Index ETF
FDIS
$1.63B
| $5.82M | ﹤0.01% |
79,319
-2,657
| -3% | -$177K |
|
1481
Essex Property Trust
ESS
$19.1B
| $5.79M | ﹤0.01% |
24,722
-7,872
| -24% | -$1.72M |
|
1482
Charter Communications
CHTR
$17.3B
| $5.79M | ﹤0.01% |
15,760
-861
| -5% | -$294K |
|
1483
Vanguard US Value Factor ETF
VFVA
$905M
| $5.78M | ﹤0.01% |
57,963
+164
| +0.3% | +$15.7K |
|
1484
BlackRock Credit Allocation Income Trust
BTZ
$927M
| $5.76M | ﹤0.01% |
567,360
+17,412
| +3% | +$179K |
|
1485
WisdomTree Emerging Markets SmallCap Dividend Fund
DGS
$1.66B
| $5.75M | ﹤0.01% |
123,624
+14,974
| +14% | +$695K |
|
1486
Brookfield
BN
$102B
| $5.75M | ﹤0.01% |
256,281
+4,912
| +2% | +$104K |
|
1487
Invesco Senior Income Trust
VVR
$456M
| $5.74M | ﹤0.01% |
1,491,941
+129,752
| +10% | +$482K |
|
1488
HP
HPQ
$26B
| $5.74M | ﹤0.01% |
186,862
+3,672
| +2% | +$110K |
|
|
IBHD
1489
DELISTED
iShares iBonds 2024 Term High Yield and Income ETF
IBHD
| $5.71M | ﹤0.01% |
247,488
+36,869
| +18% | +$847K |
|
|
DSL
1490
DoubleLine Income Solutions Fund
DSL
$1.22B
| $5.7M | ﹤0.01% |
478,625
-13,916
| -3% | -$162K |
|
1491
Reaves Utility Income Fund
UTG
$3.47B
| $5.68M | ﹤0.01% |
207,141
+15,254
| +8% | +$427K |
|
1492
iShares MSCI South Korea ETF
EWY
$20.1B
| $5.67M | ﹤0.01% |
89,394
+59,359
| +198% | +$3.72M |
|
1493
VF Corp
VFC
$5.92B
| $5.66M | ﹤0.01% |
296,519
+101,444
| +52% | +$2.08M |
|
1494
Cambria Emerging Shareholder Yield ETF
EYLD
$818M
| $5.66M | ﹤0.01% |
203,347
-10,635
| -5% | -$303K |
|
1495
Invesco S&P Global Water Index ETF
CGW
$1.05B
| $5.65M | ﹤0.01% |
109,843
+10,022
| +10% | +$502K |
|
1496
Viatris
VTRS
$20.8B
| $5.64M | ﹤0.01% |
565,619
-15,969
| -3% | -$153K |
|
1497
State Street SPDR Bloomberg International Treasury Bond ETF
BWX
$1.31B
| $5.64M | ﹤0.01% |
250,087
+62,247
| +33% | +$1.42M |
|
1498
Davis Select US Equity ETF
DUSA
$1.26B
| $5.63M | ﹤0.01% |
175,752
-21,639
| -11% | -$646K |
|
1499
BlackRock Short Maturity Municipal Bond ETF
MEAR
$1.36B
| $5.62M | ﹤0.01% |
112,656
+7,277
| +7% | +$362K |
|
1500
PUT
Apple
AAPL
$4.97T
| $5.61M | ﹤0.01% |
28,900
+21,300
| +280% | +$3.71M |
|
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.