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 | |
|---|---|---|---|---|---|---|
2151
Planet Fitness
PLNT
$4.42B
| $2.22M | ﹤0.01% |
32,931
+435
| +1% | +$31.2K |
|
|
SUM
2152
DELISTED
Summit Materials, Inc. Class A Common Stock
SUM
| $2.22M | ﹤0.01% |
58,652
+4,477
| +8% | +$139K |
|
2153
Axcelis
ACLS
$4.01B
| $2.22M | ﹤0.01% |
12,109
+2,453
| +25% | +$353K |
|
2154
First Trust Exchange-Traded Fund VI First Trust Bloomberg Shareholder Yield ETF
SHRY
$16M
| $2.22M | ﹤0.01% |
68,461
-3,889
| -5% | -$120K |
|
|
GOOD
2155
Gladstone Commercial Corp
GOOD
$605M
| $2.21M | ﹤0.01% |
178,875
-133,278
| -43% | -$1.6M |
|
2156
Tortoise North American Pipeline ETF
TPYP
$875M
| $2.21M | ﹤0.01% |
89,650
+5,488
| +7% | +$134K |
|
2157
Amplify Alternative Harvest ETF
MJ
$101M
| $2.2M | ﹤0.01% |
61,410
-10,016
| -14% | -$386K |
|
2158
iShares Low Carbon Optimized MSCI ACWI ETF
CRBN
$1.15B
| $2.2M | ﹤0.01% |
14,061
-321
| -2% | -$48.4K |
|
2159
UBS Group
UBS
$173B
| $2.2M | ﹤0.01% |
108,480
+12,292
| +13% | +$247K |
|
|
XFLT
2160
XAI Floating Rate & Alternative Income Trust
XFLT
$286M
| $2.19M | ﹤0.01% |
65,695
-800
| -1% | -$26.1K |
|
2161
iShares GNMA Bond ETF
GNMA
$421M
| $2.19M | ﹤0.01% |
50,035
+5,588
| +13% | +$247K |
|
|
HI
2162
DELISTED
Hillenbrand
HI
| $2.19M | ﹤0.01% |
42,771
+3,322
| +8% | +$160K |
|
2163
Equity Lifestyle Properties
ELS
$12.6B
| $2.19M | ﹤0.01% |
32,737
-100
| -0.3% | -$6.66K |
|
2164
Saia
SAIA
$9.25B
| $2.19M | ﹤0.01% |
6,383
+2,103
| +49% | +$609K |
|
2165
Inspire Corporate Bond ETF
IBD
$481M
| $2.18M | ﹤0.01% |
94,596
+1,439
| +2% | +$33.5K |
|
|
EHI
2166
Western Asset Global High Income Fund
EHI
$175M
| $2.18M | ﹤0.01% |
299,610
-33,174
| -10% | -$233K |
|
2167
Emcor
EME
$35.2B
| $2.18M | ﹤0.01% |
11,818
-337
| -3% | -$56.4K |
|
|
CHGX
2168
DELISTED
AXS Change Finance ESG ETF
CHGX
| $2.18M | ﹤0.01% |
69,712
-12,424
| -15% | -$366K |
|
2169
Perrigo
PRGO
$1.4B
| $2.18M | ﹤0.01% |
64,202
+29,852
| +87% | +$1.04M |
|
2170
Rocket Companies
RKT
$36.5B
| $2.18M | ﹤0.01% |
242,880
+75,886
| +45% | +$660K |
|
|
HQL
2171
abrdn Life Sciences Investors
HQL
$581M
| $2.17M | ﹤0.01% |
160,553
-7,058
| -4% | -$97.4K |
|
2172
Advanced Drainage Systems
WMS
$10.6B
| $2.17M | ﹤0.01% |
19,081
-5,412
| -22% | -$511K |
|
2173
iShares MSCI Global Sustainable Development Goals ETF
SDG
$169M
| $2.17M | ﹤0.01% |
27,418
-4,182
| -13% | -$332K |
|
2174
Tenet Healthcare
THC
$20.5B
| $2.17M | ﹤0.01% |
26,625
+12,593
| +90% | +$897K |
|
2175
Invesco DB Precious Metals Fund
DBP
$237M
| $2.16M | ﹤0.01% |
43,848
+29,517
| +206% | +$1.51M |
|
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.