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 | |
|---|---|---|---|---|---|---|
2051
Repligen
RGEN
$8.01B
| $2.52M | ﹤0.01% |
17,800
+1,879
| +12% | +$301K |
|
2052
H&R Block
HRB
$5.57B
| $2.52M | ﹤0.01% |
79,000
-35,971
| -31% | -$1.16M |
|
2053
Chemed
CHE
$7.09B
| $2.51M | ﹤0.01% |
4,637
+547
| +13% | +$299K |
|
|
ACP
2054
abrdn Income Credit Strategies Fund
ACP
$634M
| $2.51M | ﹤0.01% |
366,416
-21,522
| -6% | -$144K |
|
2055
Invesco Global Water ETF
PIO
$274M
| $2.5M | ﹤0.01% |
69,846
-7,455
| -10% | -$261K |
|
2056
Camden Property Trust
CPT
$11B
| $2.5M | ﹤0.01% |
22,942
+21
| +0.1% | +$2.26K |
|
2057
Gladstone Investment Corp
GAIN
$642M
| $2.49M | ﹤0.01% |
191,223
+4,430
| +2% | +$58.3K |
|
2058
Helen of Troy
HELE
$643M
| $2.49M | ﹤0.01% |
23,042
-745
| -3% | -$71.3K |
|
2059
Invesco Value Municipal Income Trust
IIM
$591M
| $2.49M | ﹤0.01% |
210,533
+9,405
| +5% | +$111K |
|
2060
Capital Group Municipal Income ETF
CGMU
$6.36B
| $2.49M | ﹤0.01% |
+93,949
| New | +$2.5M |
|
|
MFD
2061
DELISTED
Macquarie/First Trust Global Infrastructure/Utilities Dividend & Income Fund
MFD
| $2.48M | ﹤0.01% |
318,285
-9,679
| -3% | -$78.5K |
|
2062
Trimble
TRMB
$13.2B
| $2.48M | ﹤0.01% |
46,812
-4,981
| -10% | -$244K |
|
|
LAC
2063
DELISTED
Lithium Americas Corp. Common Shares
LAC
| $2.48M | ﹤0.01% |
122,527
+6,157
| +5% | +$127K |
|
|
HPI
2064
John Hancock Preferred Income Fund
HPI
$430M
| $2.47M | ﹤0.01% |
162,076
+17,239
| +12% | +$257K |
|
2065
Yeti Holdings
YETI
$3.73B
| $2.47M | ﹤0.01% |
63,551
-4,718
| -7% | -$183K |
|
2066
Sociedad Química y Minera de Chile
SQM
$19.2B
| $2.47M | ﹤0.01% |
33,981
-6,924
| -17% | -$492K |
|
2067
BNY Mellon High Yield Beta ETF
BKHY
$158M
| $2.46M | ﹤0.01% |
53,009
+15,241
| +40% | +$708K |
|
2068
iShares Currency Hedged MSCI Japan ETF
HEWJ
$718M
| $2.46M | ﹤0.01% |
73,116
+51,731
| +242% | +$1.6M |
|
2069
Invesco China Technology ETF
CQQQ
$3.03B
| $2.46M | ﹤0.01% |
61,950
-13,261
| -18% | -$553K |
|
|
ASG
2070
Liberty All-Star Growth Fund
ASG
$328M
| $2.45M | ﹤0.01% |
453,361
+37,805
| +9% | +$195K |
|
2071
iShares Global Financials ETF
IXG
$680M
| $2.45M | ﹤0.01% |
34,238
-2,826
| -8% | -$199K |
|
2072
Natera
NTRA
$38.3B
| $2.44M | ﹤0.01% |
50,167
+233
| +0.5% | +$11.9K |
|
2073
HSBC
HSBC
$366B
| $2.44M | ﹤0.01% |
61,476
-3,301
| -5% | -$123K |
|
2074
Lantheus
LNTH
$6.52B
| $2.43M | ﹤0.01% |
29,007
+4,103
| +16% | +$368K |
|
|
JHG
2075
DELISTED
Janus Henderson
JHG
| $2.43M | ﹤0.01% |
89,092
+1,123
| +1% | +$30K |
|
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.