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 | |
|---|---|---|---|---|---|---|
|
ARI
1926
Apollo Commercial Real Estate
ARI
$854M
| $2.98M | ﹤0.01% |
263,388
-10,042
| -4% | -$101K |
|
1927
InvenTrust Properties
IVT
$2.72B
| $2.98M | ﹤0.01% |
128,783
+544
| +0.4% | +$12.3K |
|
1928
Hasbro
HAS
$13.4B
| $2.97M | ﹤0.01% |
45,853
+3,253
| +8% | +$190K |
|
1929
ING
ING
$98.9B
| $2.96M | ﹤0.01% |
219,892
+30,109
| +16% | +$385K |
|
1930
NetApp
NTAP
$34.3B
| $2.95M | ﹤0.01% |
38,600
+2,551
| +7% | +$172K |
|
1931
Antero Midstream
AM
$10.2B
| $2.94M | ﹤0.01% |
253,517
+15,960
| +7% | +$170K |
|
1932
FT Energy Income Partners Strategy ETF
EIPX
$559M
| $2.94M | ﹤0.01% |
+145,930
| New | +$2.93M |
|
1933
Badger Meter
BMI
$3.8B
| $2.94M | ﹤0.01% |
19,892
-268
| -1% | -$36.9K |
|
1934
ScottsMiracle-Gro
SMG
$3.95B
| $2.93M | ﹤0.01% |
46,784
-5,815
| -11% | -$390K |
|
1935
EPAM Systems
EPAM
$5.52B
| $2.93M | ﹤0.01% |
13,041
-174
| -1% | -$43.8K |
|
1936
Teledyne Technologies
TDY
$30.1B
| $2.93M | ﹤0.01% |
7,119
+1,068
| +18% | +$440K |
|
|
CCD
1937
Calamos Dynamic Convertible & Income Fund
CCD
$704M
| $2.92M | ﹤0.01% |
134,377
-12,796
| -9% | -$286K |
|
1938
Amplify Junior Silver Miners ETF
SILJ
$3.15B
| $2.92M | ﹤0.01% |
311,088
+19,558
| +7% | +$203K |
|
1939
Trex
TREX
$4.52B
| $2.91M | ﹤0.01% |
44,456
+5,241
| +13% | +$292K |
|
|
PPLT
1940
abrdn Physical Platinum Shares ETF
PPLT
$1.85B
| $2.91M | ﹤0.01% |
347,970
-106,070
| -23% | -$1.01M |
|
1941
United States Natural Gas Fund
UNG
$452M
| $2.91M | ﹤0.01% |
97,916
+38,947
| +66% | +$1.05M |
|
1942
BNY Mellon Core Bond ETF
BKAG
$2.16B
| $2.91M | ﹤0.01% |
69,185
+32,325
| +88% | +$1.37M |
|
1943
Okta
OKTA
$24.6B
| $2.9M | ﹤0.01% |
41,787
+1,673
| +4% | +$127K |
|
1944
Fabrinet
FN
$15.7B
| $2.9M | ﹤0.01% |
22,302
-1,542
| -6% | -$165K |
|
1945
BorgWarner
BWA
$12.9B
| $2.9M | ﹤0.01% |
67,256
+10,401
| +18% | +$428K |
|
1946
NetEase
NTES
$84.6B
| $2.88M | ﹤0.01% |
29,751
-1,630
| -5% | -$147K |
|
1947
Invesco BulletShares 2030 Municipal Bond ETF
BSMU
$274M
| $2.88M | ﹤0.01% |
130,921
+86,850
| +197% | +$1.92M |
|
1948
Thomson Reuters
TRI
$42.8B
| $2.87M | ﹤0.01% |
20,946
+5,642
| +37% | +$757K |
|
1949
RH
RH
$3.13B
| $2.87M | ﹤0.01% |
8,698
+838
| +11% | +$219K |
|
1950
Global X S&P 500 Covered Call & Growth ETF
XYLG
$64.6M
| $2.86M | ﹤0.01% |
102,829
+37,844
| +58% | +$1.02M |
|
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.