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 | |
|---|---|---|---|---|---|---|
1526
Cameco
CCJ
$36.8B
| $5.33M | ﹤0.01% |
170,213
+38,319
| +29% | +$1.08M |
|
1527
Cullen/Frost Bankers
CFR
$10.5B
| $5.33M | ﹤0.01% |
49,567
+16,043
| +48% | +$1.68M |
|
|
IPG
1528
DELISTED
Interpublic Group of Companies
IPG
| $5.32M | ﹤0.01% |
137,966
-1,821
| -1% | -$68.7K |
|
1529
Invesco Dorsey Wright Basic Materials Momentum ETF
PYZ
$71.7M
| $5.32M | ﹤0.01% |
62,075
-23,512
| -27% | -$1.92M |
|
1530
Markel Group
MKL
$25.2B
| $5.32M | ﹤0.01% |
3,846
+563
| +17% | +$755K |
|
1531
Kinsale Capital Group
KNSL
$8.58B
| $5.27M | ﹤0.01% |
14,087
+87
| +0.6% | +$28.9K |
|
1532
Bank of America Series L
BAC.PRL
$3.93B
| $5.27M | ﹤0.01% |
4,494
+177
| +4% | +$207K |
|
1533
Southern Copper
SCCO
$138B
| $5.26M | ﹤0.01% |
79,070
-678
| -0.9% | -$46.3K |
|
1534
Vodafone
VOD
$37.1B
| $5.26M | ﹤0.01% |
556,456
+86,181
| +18% | +$906K |
|
1535
Saba Closed-End Funds ETF
CEFS
$419M
| $5.25M | ﹤0.01% |
284,767
+109,768
| +63% | +$1.99M |
|
1536
State Street Global Allocation ETF
GAL
$300M
| $5.21M | ﹤0.01% |
130,257
+36,615
| +39% | +$1.45M |
|
1537
Vanguard S&P Small-Cap 600 Value ETF
VIOV
$1.85B
| $5.21M | ﹤0.01% |
63,430
-1,816
| -3% | -$143K |
|
1538
iShares ESG Advanced Universal USD Bond ETF
EUSB
$711M
| $5.21M | ﹤0.01% |
122,274
+22,028
| +22% | +$945K |
|
1539
abrdn Bloomberg All Commodity Longer Dated Strategy K-1 Free ETF
BCD
$403M
| $5.2M | ﹤0.01% |
163,089
-119,308
| -42% | -$3.87M |
|
1540
State Street SPDR S&P Global Infrastructure ETF
GII
$922M
| $5.16M | ﹤0.01% |
96,681
+8,244
| +9% | +$448K |
|
1541
iShares MSCI Emerging Markets Small-Cap ETF
EEMS
$341M
| $5.16M | ﹤0.01% |
96,294
-1,596
| -2% | -$82.7K |
|
1542
New Jersey Resources
NJR
$6B
| $5.14M | ﹤0.01% |
108,999
+6,246
| +6% | +$315K |
|
1543
Bank of Montreal
BMO
$123B
| $5.14M | ﹤0.01% |
56,865
+1,134
| +2% | +$100K |
|
1544
Columbia EM Core ex-China ETF
XCEM
$1.8B
| $5.14M | ﹤0.01% |
179,554
+78,719
| +78% | +$2.18M |
|
1545
Watsco Inc
WSO
$13.2B
| $5.13M | ﹤0.01% |
13,458
+311
| +2% | +$105K |
|
1546
Alaska Air
ALK
$5.11B
| $5.12M | ﹤0.01% |
96,351
-27,880
| -22% | -$1.27M |
|
1547
Selective Insurance
SIGI
$5.76B
| $5.11M | ﹤0.01% |
53,289
+47
| +0.1% | +$4.63K |
|
1548
iShares MSCI USA Equal Weighted ETF
EUSA
$1.82B
| $5.11M | ﹤0.01% |
64,829
-2,317
| -3% | -$174K |
|
1549
Amdocs
DOX
$6.03B
| $5.11M | ﹤0.01% |
51,671
+10,387
| +25% | +$977K |
|
1550
Global X S&P 500 Catholic Values ETF
CATH
$1.26B
| $5.11M | ﹤0.01% |
93,798
-17,383
| -16% | -$895K |
|
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.