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 | |
|---|---|---|---|---|---|---|
2126
AdvisorShares Focused Equity ETF
CWS
$134M
| $2.29M | ﹤0.01% |
42,515
+10,897
| +34% | +$556K |
|
2127
Cboe Global Markets
CBOE
$32.5B
| $2.29M | ﹤0.01% |
16,564
+3,881
| +31% | +$530K |
|
2128
Kimbell Royalty Partners
KRP
$1.48B
| $2.28M | ﹤0.01% |
155,309
+4,048
| +3% | +$62.5K |
|
2129
Forestar Group
FOR
$1.44B
| $2.28M | ﹤0.01% |
101,195
+166
| +0.2% | +$3.19K |
|
2130
Assured Guaranty
AGO
$3.66B
| $2.28M | ﹤0.01% |
40,874
+2,313
| +6% | +$123K |
|
2131
Everest Group
EG
$14.5B
| $2.27M | ﹤0.01% |
6,645
+895
| +16% | +$323K |
|
|
DEA
2132
Easterly Government Properties
DEA
$1.13B
| $2.27M | ﹤0.01% |
62,587
-10,953
| -15% | -$385K |
|
2133
HDFC Bank
HDB
$123B
| $2.27M | ﹤0.01% |
65,074
+14,764
| +29% | +$498K |
|
2134
Global X Social Media ETF
SOCL
$90.4M
| $2.26M | ﹤0.01% |
61,832
-14,547
| -19% | -$520K |
|
2135
iShares ESG Advanced MSCI EAFE ETF
DMXF
$992M
| $2.26M | ﹤0.01% |
37,049
-2,744
| -7% | -$166K |
|
2136
First Trust Exchange-Traded Fund II First Trust Indxx Global Agriculture ETF
FTAG
$14.3M
| $2.26M | ﹤0.01% |
84,139
+5,874
| +8% | +$164K |
|
|
BRSP
2137
BrightSpire Capital
BRSP
$634M
| $2.26M | ﹤0.01% |
335,083
+40,583
| +14% | +$241K |
|
2138
Liberty Media Series C
FWONK
$24.6B
| $2.25M | ﹤0.01% |
30,964
+3,992
| +15% | +$284K |
|
2139
B&G Foods
BGS
$287M
| $2.25M | ﹤0.01% |
161,754
+43,775
| +37% | +$630K |
|
2140
Graphic Packaging
GPK
$3.17B
| $2.25M | ﹤0.01% |
93,470
+16,375
| +21% | +$411K |
|
2141
Main BuyWrite ETF
BUYW
$1.28B
| $2.25M | ﹤0.01% |
166,376
+155,013
| +1,364% | +$2.08M |
|
2142
Blackstone Secured Lending
BXSL
$5.37B
| $2.24M | ﹤0.01% |
81,851
+20,221
| +33% | +$521K |
|
2143
Invesco BulletShares 2028 High Yield Corporate Bond ETF
BSJS
$717M
| $2.24M | ﹤0.01% |
106,559
+68,663
| +181% | +$1.44M |
|
2144
Applied Industrial Technologies
AIT
$12.8B
| $2.24M | ﹤0.01% |
15,446
+1,701
| +12% | +$227K |
|
2145
Goldman Sachs ActiveBeta Europe Equity ETF
GSEU
$124M
| $2.24M | ﹤0.01% |
67,494
+2,480
| +4% | +$83.5K |
|
2146
BlackRock Income Trust
BKT
$330M
| $2.23M | ﹤0.01% |
183,560
+8,169
| +5% | +$102K |
|
2147
US Commodity Index
USCI
$369M
| $2.23M | ﹤0.01% |
41,615
+3,217
| +8% | +$174K |
|
2148
iShares US Small Cap Value Factor ETF
SVAL
$201M
| $2.23M | ﹤0.01% |
83,399
-3,242
| -4% | -$83.3K |
|
2149
ProShares Short 7-10 Year Treasury
TBX
$15.9M
| $2.22M | ﹤0.01% |
+77,466
| New | +$2.18M |
|
2150
WisdomTree Mortgage Plus Bond Fund
MTGP
$69.6M
| $2.22M | ﹤0.01% |
51,197
+5,959
| +13% | +$262K |
|
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.