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 | |
|---|---|---|---|---|---|---|
2301
VanEck Uranium + Nuclear Energy ETF
NLR
$3.82B
| $1.89M | ﹤0.01% |
31,854
+8,873
| +39% | +$505K |
|
2302
Cambria Value and Momentum ETF
VAMO
$109M
| $1.89M | ﹤0.01% |
73,347
-50,166
| -41% | -$1.24M |
|
2303
Invesco S&P 500 BuyWrite ETF
PBP
$354M
| $1.89M | ﹤0.01% |
85,232
+2,588
| +3% | +$55.9K |
|
|
CADE
2304
DELISTED
Cadence Bank
CADE
| $1.88M | ﹤0.01% |
95,911
+24,081
| +34% | +$475K |
|
2305
iShares Government/Credit Bond ETF
GBF
$133M
| $1.88M | ﹤0.01% |
18,105
+367
| +2% | +$38.5K |
|
|
GGT
2306
Gabelli Multimedia Trust
GGT
$168M
| $1.88M | ﹤0.01% |
289,944
+5,692
| +2% | +$33.4K |
|
|
NML
2307
Neuberger Energy Infrastructure and Income Fund Inc
NML
$583M
| $1.88M | ﹤0.01% |
272,985
+5,328
| +2% | +$34.6K |
|
2308
Petrobras
PBR
$125B
| $1.88M | ﹤0.01% |
135,699
-110,704
| -45% | -$1.35M |
|
2309
Encompass Health
EHC
$11B
| $1.87M | ﹤0.01% |
27,648
-1,355
| -5% | -$84.9K |
|
2310
PUT
iShares Core S&P 500 ETF
IVV
$878B
| $1.87M | ﹤0.01% |
+4,200
| New | +$1.77M |
|
2311
FT Vest US Equity Deep Buffer ETF January
DJAN
$474M
| $1.87M | ﹤0.01% |
+57,243
| New | +$1.81M |
|
2312
KBR
KBR
$4.62B
| $1.87M | ﹤0.01% |
28,743
+1,219
| +4% | +$72.7K |
|
|
PLYM
2313
DELISTED
Plymouth Industrial REIT
PLYM
| $1.86M | ﹤0.01% |
80,879
-2,433
| -3% | -$52K |
|
2314
American States Water
AWR
$3.36B
| $1.86M | ﹤0.01% |
21,384
-1,090
| -5% | -$97.6K |
|
|
FSCS
2315
First Trust SMID Capital Strength ETF
FSCS
$58M
| $1.86M | ﹤0.01% |
64,655
-1,711
| -3% | -$46.9K |
|
2316
Invesco New York AMT-Free Municipal Bond ETF
PZT
$138M
| $1.86M | ﹤0.01% |
81,678
+18,818
| +30% | +$427K |
|
2317
Barings BDC
BBDC
$864M
| $1.86M | ﹤0.01% |
236,877
-8,317
| -3% | -$63.8K |
|
2318
Northern Oil and Gas
NOG
$2.3B
| $1.85M | ﹤0.01% |
54,040
-3,749
| -6% | -$121K |
|
2319
InfraCap MLP ETF
AMZA
$470M
| $1.85M | ﹤0.01% |
55,919
-6,354
| -10% | -$205K |
|
2320
First Trust Nasdaq Pharmaceuticals ETF
FTXH
$56.4M
| $1.85M | ﹤0.01% |
70,720
+595
| +0.8% | +$15.7K |
|
2321
Newell Brands
NWL
$2.38B
| $1.85M | ﹤0.01% |
212,563
+33,500
| +19% | +$333K |
|
2322
Genmab
GMAB
$17.7B
| $1.85M | ﹤0.01% |
48,574
+1,107
| +2% | +$44.1K |
|
2323
Black Hills Corp
BKH
$5.42B
| $1.85M | ﹤0.01% |
30,635
+2,067
| +7% | +$131K |
|
2324
Korn Ferry
KFY
$4.18B
| $1.85M | ﹤0.01% |
37,255
-1,991
| -5% | -$97.9K |
|
2325
Black Stone Minerals
BSM
$3.18B
| $1.84M | ﹤0.01% |
115,610
+50,187
| +77% | +$803K |
|
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.