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 | |
|---|---|---|---|---|---|---|
2076
Terex
TEX
$7.18B
| $2.43M | ﹤0.01% |
40,562
-289
| -0.7% | -$14.3K |
|
2077
Cenovus Energy
CVE
$55.7B
| $2.42M | ﹤0.01% |
142,514
+9,081
| +7% | +$153K |
|
2078
Ubiquiti
UI
$33.7B
| $2.41M | ﹤0.01% |
13,725
+2,522
| +23% | +$509K |
|
2079
Scotiabank
BNS
$107B
| $2.41M | ﹤0.01% |
48,200
-998
| -2% | -$49.5K |
|
2080
Knight Transportation
KNX
$11.3B
| $2.41M | ﹤0.01% |
43,405
+6,782
| +19% | +$379K |
|
2081
Incyte
INCY
$24.2B
| $2.41M | ﹤0.01% |
38,676
-199
| -0.5% | -$13.3K |
|
2082
Cambria Global Momentum ETF
GMOM
$69.8M
| $2.41M | ﹤0.01% |
86,946
-64,156
| -42% | -$1.78M |
|
2083
ALPS Clean Energy ETF
ACES
$109M
| $2.41M | ﹤0.01% |
53,238
-4,584
| -8% | -$200K |
|
2084
BrandywineGLOBAL Dynamic US Large Cap Value ETF
DVAL
$71.8M
| $2.41M | ﹤0.01% |
204,046
-100,889
| -33% | -$1.15M |
|
2085
Innovative Industrial Properties
IIPR
$1.71B
| $2.4M | ﹤0.01% |
32,941
+3,269
| +11% | +$230K |
|
2086
Moelis & Co
MC
$4.97B
| $2.4M | ﹤0.01% |
52,997
+4,330
| +9% | +$173K |
|
|
P
2087
Everpure Inc
P
$25.7B
| $2.4M | ﹤0.01% |
65,249
+9,868
| +18% | +$280K |
|
|
PMT
2088
PennyMac Mortgage Investment
PMT
$822M
| $2.4M | ﹤0.01% |
178,208
+2,182
| +1% | +$26.7K |
|
|
AFGR
2089
First Trust Active Factor Large Cap Growth ETF
AFGR
$93M
| $2.4M | ﹤0.01% |
111,050
+34,284
| +45% | +$679K |
|
2090
Northern Trust
NTRS
$22.4B
| $2.39M | ﹤0.01% |
32,275
+3,390
| +12% | +$260K |
|
2091
WPP
WPP
$4.36B
| $2.39M | ﹤0.01% |
45,741
+6,577
| +17% | +$370K |
|
2092
Invesco S&P International Developed Momentum ETF
IDMO
$4.08B
| $2.39M | ﹤0.01% |
72,213
+12,027
| +20% | +$396K |
|
2093
Xtrackers MSCI EAFE High Dividend Yield Equity ETF
HDEF
$2.34B
| $2.38M | ﹤0.01% |
103,429
+10,034
| +11% | +$236K |
|
2094
DigitalOcean
DOCN
$13.7B
| $2.38M | ﹤0.01% |
59,309
-1,031
| -2% | -$38K |
|
2095
PUT
Lincoln National
LNC
$8.72B
| $2.38M | ﹤0.01% |
+92,400
| New | +$2.03M |
|
2096
iShares Core MSCI Pacific ETF
IPAC
$2.66B
| $2.38M | ﹤0.01% |
41,435
+6,871
| +20% | +$393K |
|
2097
Synchrony
SYF
$24.7B
| $2.38M | ﹤0.01% |
70,138
-7,823
| -10% | -$239K |
|
|
OXLC
2098
Oxford Lane Capital
OXLC
$894M
| $2.38M | ﹤0.01% |
98,245
+1,887
| +2% | +$48.2K |
|
2099
iShares Agency Bond ETF
AGZ
$558M
| $2.37M | ﹤0.01% |
22,182
+24
| +0.1% | +$2.59K |
|
2100
PBF Energy
PBF
$8.57B
| $2.37M | ﹤0.01% |
57,882
-7,079
| -11% | -$269K |
|
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.