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 | |
|---|---|---|---|---|---|---|
2026
Ryanair
RYAAY
$30.4B
| $2.61M | ﹤0.01% |
58,988
-817
| -1% | -$32.9K |
|
2027
Fluor
FLR
$7.02B
| $2.61M | ﹤0.01% |
88,098
+5,189
| +6% | +$149K |
|
2028
FlexShares iBoxx 5-Year Target Duration TIPS Index Fund
TDTF
$1.04B
| $2.6M | ﹤0.01% |
109,636
-17,256
| -14% | -$416K |
|
2029
Merit Medical Systems
MMSI
$5.06B
| $2.6M | ﹤0.01% |
31,029
+208
| +0.7% | +$16.9K |
|
2030
InfraCap REIT Preferred ETF
PFFR
$119M
| $2.59M | ﹤0.01% |
145,880
+6,197
| +4% | +$105K |
|
2031
Goldman Sachs Physical Gold ETF Shares
AAAU
$2.46B
| $2.59M | ﹤0.01% |
135,930
-5,999
| -4% | -$118K |
|
2032
Pembina Pipeline
PBA
$28.4B
| $2.59M | ﹤0.01% |
82,240
+10,571
| +15% | +$338K |
|
2033
Teleflex
TFX
$6.02B
| $2.59M | ﹤0.01% |
10,683
+1,280
| +14% | +$321K |
|
|
MMT
2034
Aberdeen Multi-Market Income Fund
MMT
$237M
| $2.58M | ﹤0.01% |
572,894
-47,060
| -8% | -$213K |
|
2035
Medpace
MEDP
$16.1B
| $2.58M | ﹤0.01% |
10,736
+438
| +4% | +$91K |
|
2036
iShares MSCI Switzerland ETF
EWL
$2.19B
| $2.58M | ﹤0.01% |
55,760
+12,573
| +29% | +$591K |
|
2037
American Homes 4 Rent
AMH
$12B
| $2.57M | ﹤0.01% |
72,581
-5,073
| -7% | -$172K |
|
|
WCN
2038
Waste Connections
WCN
$42.2B
| $2.57M | ﹤0.01% |
17,994
+816
| +5% | +$114K |
|
2039
e.l.f. Beauty
ELF
$4.89B
| $2.57M | ﹤0.01% |
22,495
+9,714
| +76% | +$935K |
|
|
LEAD
2040
DELISTED
Siren DIVCON Leaders Dividend ETF
LEAD
| $2.57M | ﹤0.01% |
45,502
+3,556
| +8% | +$188K |
|
2041
Sinclair Inc
SBGI
$986M
| $2.56M | ﹤0.01% |
185,384
+141,952
| +327% | +$2.34M |
|
2042
Range Resources
RRC
$9.4B
| $2.56M | ﹤0.01% |
86,928
+5,286
| +6% | +$144K |
|
2043
iShares iBonds Dec 2027 Term Treasury ETF
IBTH
$2.25B
| $2.55M | ﹤0.01% |
115,231
+72,078
| +167% | +$1.62M |
|
2044
First Industrial Realty Trust
FR
$8.74B
| $2.55M | ﹤0.01% |
48,349
+5,744
| +13% | +$300K |
|
2045
Coca-Cola Consolidated
COKE
$12.5B
| $2.54M | ﹤0.01% |
39,990
+2,190
| +6% | +$135K |
|
2046
Nuveen S&P 500 Dynamic Overwrite Fund
SPXX
$332M
| $2.54M | ﹤0.01% |
161,673
+1,851
| +1% | +$28.6K |
|
2047
Griffon
GFF
$3.98B
| $2.53M | ﹤0.01% |
62,780
-828
| -1% | -$27.2K |
|
2048
iShares iBonds Dec 2026 Term Treasury ETF
IBTG
$2.24B
| $2.53M | ﹤0.01% |
111,588
+24,897
| +29% | +$572K |
|
2049
United States Oil Fund
USO
$2.15B
| $2.52M | ﹤0.01% |
39,657
-1,612
| -4% | -$105K |
|
2050
JPMorgan BetaBuilders USD Investment Grade Corporate Bond ETF
BBCB
$45.5M
| $2.52M | ﹤0.01% |
55,769
-3,241
| -5% | -$147K |
|
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.