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 | |
|---|---|---|---|---|---|---|
2326
Vanguard US Minimum Volatility ETF
VFMV
$432M
| $1.84M | ﹤0.01% |
18,478
+9,185
| +99% | +$904K |
|
2327
XPO
XPO
$23.5B
| $1.84M | ﹤0.01% |
31,218
-5,374
| -15% | -$243K |
|
2328
Nuveen Select Tax-Free Income Portfolio
NXP
$896M
| $1.84M | ﹤0.01% |
127,809
+25,876
| +25% | +$374K |
|
2329
Invesco Next Gen Media and Gaming ETF
GGME
$44.1M
| $1.84M | ﹤0.01% |
53,092
-12,017
| -18% | -$408K |
|
2330
iShares MSCI Europe Small-Cap ETF
IEUS
$180M
| $1.83M | ﹤0.01% |
34,753
+1,723
| +5% | +$92.4K |
|
|
TEI
2331
Templeton Emerging Markets Income Fund
TEI
$314M
| $1.83M | ﹤0.01% |
354,517
+969
| +0.3% | +$4.89K |
|
|
SCHW
2332
PUT
Charles Schwab
SCHW
$183B
| $1.83M | ﹤0.01% |
+32,200
| New | +$1.69M |
|
2333
Upstart Holdings
UPST
$2.63B
| $1.82M | ﹤0.01% |
50,956
+1,248
| +3% | +$28.7K |
|
2334
Infosys
INFY
$48.7B
| $1.82M | ﹤0.01% |
113,408
-10,387
| -8% | -$162K |
|
2335
DT Midstream
DTM
$14.1B
| $1.82M | ﹤0.01% |
36,759
+127
| +0.3% | +$6.08K |
|
2336
Intellia Therapeutics
NTLA
$1.49B
| $1.82M | ﹤0.01% |
44,579
+5,998
| +16% | +$243K |
|
2337
MSC Industrial Direct
MSM
$6.89B
| $1.82M | ﹤0.01% |
19,076
+964
| +5% | +$88.4K |
|
2338
iShares U.S. Carbon Transition Readiness Aware Active ETF
LCTU
$1.21B
| $1.82M | ﹤0.01% |
37,196
+946
| +3% | +$43.7K |
|
2339
LCI Industries
LCII
$2.49B
| $1.81M | ﹤0.01% |
14,345
+1,031
| +8% | +$118K |
|
2340
America Movil
AMX
$76.1B
| $1.81M | ﹤0.01% |
83,587
+2,359
| +3% | +$51.2K |
|
2341
Invesco BulletShares 2032 Municipal Bond ETF
BSMW
$212M
| $1.81M | ﹤0.01% |
+71,067
| New | +$1.81M |
|
2342
Wendy's
WEN
$1.4B
| $1.8M | ﹤0.01% |
82,957
+18,653
| +29% | +$416K |
|
2343
Viasat
VSAT
$10.6B
| $1.8M | ﹤0.01% |
43,596
+914
| +2% | +$35.5K |
|
2344
State Street SPDR Russell 1000 Momentum Focus ETF
ONEO
$29.1M
| $1.8M | ﹤0.01% |
18,327
-263
| -1% | -$24.6K |
|
2345
Texas Roadhouse
TXRH
$13.5B
| $1.8M | ﹤0.01% |
15,994
+298
| +2% | +$32.8K |
|
2346
AngloGold Ashanti
AU
$40.1B
| $1.8M | ﹤0.01% |
85,114
-4,494
| -5% | -$113K |
|
2347
Aptus Defined Risk ETF
DRSK
$1.51B
| $1.79M | ﹤0.01% |
72,159
+21,427
| +42% | +$544K |
|
2348
iShares iBonds Dec 2031 Term Treasury ETF
IBTL
$638M
| $1.79M | ﹤0.01% |
86,842
+18,853
| +28% | +$395K |
|
|
SAVE
2349
DELISTED
Spirit Airlines, Inc.
SAVE
| $1.78M | ﹤0.01% |
103,994
+185
| +0.2% | +$3.03K |
|
2350
iShares ESG MSCI USA Leaders ETF
SUSL
$1.14B
| $1.78M | ﹤0.01% |
22,929
-2,511
| -10% | -$183K |
|
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.