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 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 | |
|---|---|---|---|---|---|---|
176
Salesforce
CRM
$140B
| $146M | 0.1% |
692,280
+33,520
| +5% | +$6.84M |
|
177
iShares 10-20 Year Treasury Bond ETF
TLH
$11.1B
| $145M | 0.1% |
1,308,958
+151,495
| +13% | +$17M |
|
178
iShares Russell Mid-Cap Growth ETF
IWP
$19.9B
| $145M | 0.1% |
1,498,932
+104,903
| +8% | +$9.56M |
|
179
iShares 0-1 Year Treasury Bond ETF
SHV
$20.8B
| $144M | 0.1% |
1,302,756
+44,932
| +4% | +$4.95M |
|
180
iShares Preferred and Income Securities ETF
PFF
$13.2B
| $143M | 0.1% |
4,634,068
-271,577
| -6% | -$8.31M |
|
181
Avantis US Small Cap Value ETF
AVUV
$30.4B
| $140M | 0.1% |
1,806,453
-60,055
| -3% | -$4.42M |
|
182
Lowe's Companies
LOW
$118B
| $140M | 0.1% |
620,912
+35,499
| +6% | +$7.38M |
|
183
Vanguard Russell 1000 Value ETF
VONV
$20.5B
| $139M | 0.1% |
2,015,390
+861,146
| +75% | +$57.8M |
|
184
Southern Company
SO
$110B
| $139M | 0.1% |
1,983,657
+111,981
| +6% | +$8.03M |
|
185
Vanguard Mid-Cap Value ETF
VOE
$23.9B
| $138M | 0.1% |
994,425
+59,633
| +6% | +$7.95M |
|
186
State Street Real Estate Select Sector SPDR ETF
XLRE
$8.71B
| $136M | 0.1% |
3,612,617
-314,546
| -8% | -$11.6M |
|
187
Amplify CWP Enhanced Dividend Income ETF
DIVO
$7.5B
| $135M | 0.1% |
3,742,841
+329,030
| +10% | +$11.7M |
|
188
JPMorgan Nasdaq Equity Premium Income ETF
JEPQ
$39.1B
| $133M | 0.1% |
2,750,567
+827,464
| +43% | +$38.3M |
|
189
IBM
IBM
$206B
| $131M | 0.09% |
979,211
+50,477
| +5% | +$6.51M |
|
190
Duke Energy
DUK
$101B
| $131M | 0.09% |
1,459,920
+140,364
| +11% | +$13.2M |
|
191
Deere & Co
DE
$169B
| $131M | 0.09% |
322,679
+28,947
| +10% | +$11.1M |
|
192
PIMCO Enhanced Short Maturity Active Exchange-Traded Fund
MINT
$16.9B
| $130M | 0.09% |
1,307,256
+9,331
| +0.7% | +$927K |
|
193
Vanguard Small-Cap Growth ETF
VBK
$23.4B
| $129M | 0.09% |
563,284
+49,717
| +10% | +$10.8M |
|
194
iShares 0-5 Year TIPS Bond ETF
STIP
$15.9B
| $129M | 0.09% |
1,325,207
-82,734
| -6% | -$8.14M |
|
195
First Trust Smith Unconstrained Bond ETF
UCON
$3.27B
| $128M | 0.09% |
5,309,600
-295,442
| -5% | -$7.19M |
|
196
Invesco S&P 500 Top 50 ETF
XLG
$10.5B
| $128M | 0.09% |
3,666,590
+1,000,230
| +38% | +$32.6M |
|
197
State Street SPDR Bloomberg 1-10 Year TIPS ETF
TIPX
$2.01B
| $128M | 0.09% |
6,933,264
-1,818,106
| -21% | -$34M |
|
198
Vanguard Mid-Cap Growth ETF
VOT
$19.1B
| $127M | 0.09% |
619,467
+101,451
| +20% | +$19.7M |
|
199
PGIM Ultra Short Bond ETF
PULS
$17.7B
| $127M | 0.09% |
2,576,720
+190,271
| +8% | +$9.37M |
|
200
State Street SPDR S&P 600 Small Cap Value ETF
SLYV
$4.92B
| $127M | 0.09% |
1,643,250
-38,000
| -2% | -$2.83M |
|
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.