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 | |
|---|---|---|---|---|---|---|
2276
Orion
OEC
$381M
| $1.94M | ﹤0.01% |
91,542
-437
| -0.5% | -$10.5K |
|
|
STK
2277
Columbia Seligman Premium Technology Growth Fund
STK
$867M
| $1.94M | ﹤0.01% |
63,329
+9,682
| +18% | +$273K |
|
2278
Saratoga Investment
SAR
$312M
| $1.94M | ﹤0.01% |
71,819
+6,935
| +11% | +$178K |
|
|
DAY
2279
DELISTED
Dayforce
DAY
| $1.94M | ﹤0.01% |
28,942
+443
| +2% | +$28.5K |
|
2280
Nuveen ESG International Developed Markets Equity ETF
NUDM
$707M
| $1.94M | ﹤0.01% |
66,913
+5,187
| +8% | +$149K |
|
2281
Schwab International Small-Cap Equity ETF
SCHC
$5.39B
| $1.94M | ﹤0.01% |
57,377
+6,738
| +13% | +$228K |
|
2282
JPMorgan BetaBuilders Developed Asia Pacific-ex Japan ETF
BBAX
$6.69B
| $1.94M | ﹤0.01% |
40,481
+3,424
| +9% | +$168K |
|
2283
Aptus Collared Investment Opportunity ETF
ACIO
$2.36B
| $1.93M | ﹤0.01% |
62,146
+38,457
| +162% | +$1.17M |
|
|
FINS
2284
Angel Oak Financial Strategies Income Term Trust
FINS
$418M
| $1.93M | ﹤0.01% |
163,660
-26,714
| -14% | -$320K |
|
2285
Invesco PHLX Semiconductor ETF
SOXQ
$2.28B
| $1.93M | ﹤0.01% |
66,781
-110,724
| -62% | -$2.84M |
|
2286
NVR
NVR
$16.5B
| $1.92M | ﹤0.01% |
303
+116
| +62% | +$675K |
|
2287
Cedar Fair
FUN
$1.77B
| $1.92M | ﹤0.01% |
48,098
-466
| -1% | -$19.9K |
|
2288
Commercial Metals
CMC
$7.6B
| $1.92M | ﹤0.01% |
36,481
-14,761
| -29% | -$689K |
|
2289
Sprott Gold Miners ETF
SGDM
$547M
| $1.92M | ﹤0.01% |
74,238
-5,308
| -7% | -$150K |
|
2290
Fortis
FTS
$29B
| $1.92M | ﹤0.01% |
44,555
+10,954
| +33% | +$477K |
|
2291
Invitation Homes
INVH
$17.7B
| $1.91M | ﹤0.01% |
55,642
-4,352
| -7% | -$145K |
|
2292
iShares iBonds Dec 2030 Term Treasury ETF
IBTK
$947M
| $1.91M | ﹤0.01% |
97,360
+21,480
| +28% | +$430K |
|
2293
BlackRock TCP Capital
TCPC
$273M
| $1.91M | ﹤0.01% |
175,242
+25,097
| +17% | +$263K |
|
2294
Artesian Resources
ARTNA
$355M
| $1.91M | ﹤0.01% |
40,441
-35
| -0.1% | -$1.84K |
|
|
DOC
2295
DELISTED
PHYSICIANS REALTY TRUST
DOC
| $1.9M | ﹤0.01% |
136,032
-17,217
| -11% | -$245K |
|
|
NCV
2296
Virtus Convertible & Income Fund
NCV
$378M
| $1.9M | ﹤0.01% |
136,700
-2,143
| -2% | -$28.6K |
|
2297
Toll Brothers
TOL
$13.6B
| $1.9M | ﹤0.01% |
24,020
+8,272
| +53% | +$555K |
|
|
MCR
2298
DELISTED
MFS Charter Income Trust
MCR
| $1.9M | ﹤0.01% |
300,850
+19,164
| +7% | +$119K |
|
2299
Vista Energy
VIST
$7.84B
| $1.9M | ﹤0.01% |
78,592
+12,566
| +19% | +$273K |
|
2300
Principal Exchange-Traded Funds Principal US Small-Cap ETF
PSC
$2.23B
| $1.89M | ﹤0.01% |
44,669
-1,951
| -4% | -$78K |
|
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.