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 | |
|---|---|---|---|---|---|---|
1851
Exponent
EXPO
$3.13B
| $3.27M | ﹤0.01% |
35,038
+5,963
| +21% | +$561K |
|
1852
Woodward
WWD
$21.2B
| $3.26M | ﹤0.01% |
27,383
-1,424
| -5% | -$151K |
|
1853
STAG Industrial
STAG
$7.43B
| $3.25M | ﹤0.01% |
90,582
+6,164
| +7% | +$213K |
|
|
FLG
1854
Flagstar Bank National Association
FLG
$5.94B
| $3.25M | ﹤0.01% |
96,380
+32,271
| +50% | +$979K |
|
1855
Invesco Biotechnology & Genome ETF
PBE
$286M
| $3.25M | ﹤0.01% |
53,027
-5,691
| -10% | -$355K |
|
1856
Franklin US Small Cap Multifactor Index ETF
FLQS
$52M
| $3.25M | ﹤0.01% |
91,634
+14,373
| +19% | +$488K |
|
1857
Invesco Mortgage Capital
IVR
$759M
| $3.25M | ﹤0.01% |
283,296
+229,729
| +429% | +$2.46M |
|
|
MASI
1858
DELISTED
Masimo
MASI
| $3.25M | ﹤0.01% |
19,726
-279
| -1% | -$48.6K |
|
1859
FlexShares International Quality Dividend Dynamic Index Fund
IQDY
$110M
| $3.23M | ﹤0.01% |
122,031
-7,094
| -5% | -$188K |
|
1860
Royce Quant Small-Cap Quality Value ETF
SQLV
$29.3M
| $3.23M | ﹤0.01% |
88,023
-6,513
| -7% | -$229K |
|
1861
Western Digital
WDC
$184B
| $3.22M | ﹤0.01% |
112,414
-9,630
| -8% | -$268K |
|
1862
VanEck Pharmaceutical ETF
PPH
$970M
| $3.22M | ﹤0.01% |
40,899
-3,704
| -8% | -$290K |
|
1863
Novanta
NOVT
$4.95B
| $3.22M | ﹤0.01% |
17,484
-29
| -0.2% | -$4.74K |
|
1864
iShares USD Green Bond ETF
BGRN
$497M
| $3.21M | ﹤0.01% |
69,072
-2,357
| -3% | -$110K |
|
1865
Nuveen Global High Income Fund
JGH
$352M
| $3.21M | ﹤0.01% |
287,014
+265,489
| +1,233% | +$2.93M |
|
1866
Timothy Plan US Large/Mid Cap Core ETF
TPLC
$306M
| $3.2M | ﹤0.01% |
89,046
+49,387
| +125% | +$1.7M |
|
1867
Commerce Bancshares
CBSH
$8.55B
| $3.19M | ﹤0.01% |
75,929
-7,147
| -9% | -$317K |
|
1868
Onto Innovation
ONTO
$12.5B
| $3.19M | ﹤0.01% |
27,352
+3,463
| +14% | +$330K |
|
1869
Fortune Brands Innovations
FBIN
$5.88B
| $3.18M | ﹤0.01% |
44,254
-26,009
| -37% | -$1.65M |
|
1870
WBI BullBear Value 3000 ETF
WBIF
$23.6M
| $3.18M | ﹤0.01% |
109,964
+2,893
| +3% | +$77.5K |
|
1871
State Street SPDR MSCI Emerging Markets StrategicFactors ETF
QEMM
$54M
| $3.18M | ﹤0.01% |
57,322
-1,180
| -2% | -$65.6K |
|
1872
Aehr Test Systems
AEHR
$2.51B
| $3.17M | ﹤0.01% |
76,955
-30,620
| -28% | -$1M |
|
1873
Schwab International Dividend Equity ETF
SCHY
$2.51B
| $3.17M | ﹤0.01% |
132,477
+52,026
| +65% | +$1.25M |
|
1874
Lithia Motors
LAD
$8.9B
| $3.17M | ﹤0.01% |
10,427
+151
| +1% | +$36.2K |
|
1875
Knife River
KNF
$4.15B
| $3.17M | ﹤0.01% |
+72,887
| New | +$3.09M |
|
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.