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 | |
|---|---|---|---|---|---|---|
1901
Magna International
MGA
$19B
| $3.06M | ﹤0.01% |
54,243
+2,011
| +4% | +$107K |
|
1902
CBRE Group
CBRE
$43.3B
| $3.06M | ﹤0.01% |
37,903
+2,498
| +7% | +$187K |
|
1903
Collegium Pharmaceutical
COLL
$1.17B
| $3.05M | ﹤0.01% |
142,022
-16,393
| -10% | -$372K |
|
|
RA
1904
Brookfield Real Assets Income Fund
RA
$706M
| $3.05M | ﹤0.01% |
181,937
+1,162
| +0.6% | +$19.4K |
|
1905
Loews
L
$23.9B
| $3.05M | ﹤0.01% |
51,337
+29,774
| +138% | +$1.72M |
|
1906
iShares US Telecommunications ETF
IYZ
$1.18B
| $3.05M | ﹤0.01% |
137,830
+72,915
| +112% | +$1.59M |
|
1907
Houlihan Lokey
HLI
$8.97B
| $3.04M | ﹤0.01% |
30,919
+984
| +3% | +$89K |
|
1908
UiPath
PATH
$6.41B
| $3.04M | ﹤0.01% |
183,329
+83,166
| +83% | +$1.33M |
|
1909
Invesco BulletShares 2027 Municipal Bond ETF
BSMR
$344M
| $3.04M | ﹤0.01% |
128,690
-29,471
| -19% | -$698K |
|
1910
ProShares Short QQQ
PSQ
$829M
| $3.04M | ﹤0.01% |
57,427
-38,511
| -40% | -$2.25M |
|
1911
BlackRock Enhanced Global Dividend Trust
BOE
$675M
| $3.03M | ﹤0.01% |
301,312
-5,569
| -2% | -$55.6K |
|
1912
Nuveen Quality Municipal Income Fund
NAD
$2.73B
| $3.03M | ﹤0.01% |
269,010
+21,161
| +9% | +$238K |
|
1913
WisdomTree US Multifactor Fund
USMF
$297M
| $3.03M | ﹤0.01% |
78,183
+4,743
| +6% | +$178K |
|
|
HGLB
1914
Highland Global Allocation Fund
HGLB
$172M
| $3.02M | ﹤0.01% |
349,535
+175,570
| +101% | +$1.53M |
|
1915
Alcoa
AA
$11.9B
| $3.02M | ﹤0.01% |
89,034
-48,837
| -35% | -$1.77M |
|
1916
iShares MSCI Singapore ETF
EWS
$1.05B
| $3.02M | ﹤0.01% |
162,967
-2,113
| -1% | -$41K |
|
1917
Goodyear
GT
$2.04B
| $3.01M | ﹤0.01% |
220,225
+7,695
| +4% | +$96.1K |
|
1918
iShares Micro-Cap ETF
IWC
$1.45B
| $3.01M | ﹤0.01% |
27,515
-9,406
| -25% | -$988K |
|
1919
BNY Mellon US Large Cap Core Equity ETF
BKLC
$5.45B
| $3M | ﹤0.01% |
108,144
+5,922
| +6% | +$155K |
|
1920
Ally Financial
ALLY
$13.2B
| $3M | ﹤0.01% |
111,247
+9,194
| +9% | +$245K |
|
1921
Invesco S&P 500 Value with Momentum ETF
SPVM
$129M
| $3M | ﹤0.01% |
62,512
-4,183
| -6% | -$196K |
|
1922
Pan American Silver
PAAS
$18.6B
| $3M | ﹤0.01% |
205,767
+79,929
| +64% | +$1.32M |
|
1923
First Trust Exchange-Traded Fund IV First Trust High Income Strategic Focus ETF
HISF
$98.6M
| $2.99M | ﹤0.01% |
67,862
+11,296
| +20% | +$501K |
|
1924
Azenta
AZTA
$1.33B
| $2.99M | ﹤0.01% |
64,004
+4,198
| +7% | +$184K |
|
1925
JPMorgan US Momentum Factor ETF
JMOM
$2.47B
| $2.98M | ﹤0.01% |
70,449
+16,914
| +32% | +$678K |
|
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.