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 | |
|---|---|---|---|---|---|---|
|
HES
1701
DELISTED
Hess
HES
| $4.11M | ﹤0.01% |
30,212
+3,309
| +12% | +$453K |
|
|
ORAN
1702
DELISTED
Orange
ORAN
| $4.1M | ﹤0.01% |
352,647
+30,717
| +10% | +$373K |
|
|
ZTR
1703
Virtus Total Return Fund
ZTR
$342M
| $4.1M | ﹤0.01% |
674,168
+36,221
| +6% | +$226K |
|
1704
Invesco S&P SmallCap 600 Pure Growth ETF
RZG
$143M
| $4.1M | ﹤0.01% |
96,834
-768
| -0.8% | -$30.5K |
|
1705
State Street SPDR Bloomberg International Corporate Bond ETF
IBND
$460M
| $4.09M | ﹤0.01% |
144,117
-26,679
| -16% | -$758K |
|
1706
VanEck Retail ETF
RTH
$250M
| $4.07M | ﹤0.01% |
23,294
-835
| -3% | -$139K |
|
1707
Global X Emerging Markets Great Consumer ETF
EMC
$54.6M
| $4.07M | ﹤0.01% |
+163,128
| New | +$4.02M |
|
1708
Targa Resources
TRGP
$57.6B
| $4.06M | ﹤0.01% |
53,353
+9,300
| +21% | +$675K |
|
1709
State Street SPDR S&P Pharmaceuticals ETF
XPH
$488M
| $4.05M | ﹤0.01% |
98,751
+3,325
| +3% | +$137K |
|
1710
BlackRock Science and Technology Trust
BST
$1.59B
| $4.05M | ﹤0.01% |
117,505
-3,054
| -3% | -$99K |
|
1711
Jacobs Solutions
J
$15.7B
| $4.04M | ﹤0.01% |
41,116
+3,845
| +10% | +$367K |
|
1712
Shift4
FOUR
$4.26B
| $4.03M | ﹤0.01% |
59,372
-1,881
| -3% | -$123K |
|
|
IBHE
1713
DELISTED
iShares iBonds 2025 Term High Yield and Income ETF
IBHE
| $4.02M | ﹤0.01% |
174,910
+8,478
| +5% | +$193K |
|
1714
Camping World
CWH
$400M
| $4.01M | ﹤0.01% |
133,340
-405
| -0.3% | -$10.2K |
|
1715
Williams-Sonoma
WSM
$27.5B
| $4.01M | ﹤0.01% |
64,100
+2,192
| +4% | +$131K |
|
|
CMA
1716
DELISTED
Comerica
CMA
| $4.01M | ﹤0.01% |
94,662
+13,497
| +17% | +$545K |
|
1717
State Street SPDR S&P Health Care Services ETF
XHS
$208M
| $4M | ﹤0.01% |
42,702
+1,658
| +4% | +$148K |
|
1718
PIMCO Broad US TIPS Index Exchange-Traded Fund
TIPZ
$88.9M
| $4M | ﹤0.01% |
73,938
-15,577
| -17% | -$853K |
|
1719
Invesco BulletShares 2027 High Yield Corporate Bond ETF
BSJR
$857M
| $3.98M | ﹤0.01% |
184,035
+32,562
| +21% | +$704K |
|
1720
Wabtec
WAB
$49.4B
| $3.97M | ﹤0.01% |
36,220
-5,568
| -13% | -$553K |
|
1721
VanEck Morningstar SMID Moat ETF
SMOT
$336M
| $3.97M | ﹤0.01% |
132,508
+87,842
| +197% | +$2.48M |
|
1722
Mettler-Toledo International
MTD
$27.9B
| $3.96M | ﹤0.01% |
3,020
+1,312
| +77% | +$1.84M |
|
1723
Textron
TXT
$15B
| $3.95M | ﹤0.01% |
58,397
+9,204
| +19% | +$607K |
|
|
PHK
1724
PIMCO High Income Fund
PHK
$867M
| $3.94M | ﹤0.01% |
788,270
+300,240
| +62% | +$1.43M |
|
1725
iShares US Equity Factor ETF
LRGF
$3.55B
| $3.94M | ﹤0.01% |
88,335
+638
| +0.7% | +$26.9K |
|
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.