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 | |
|---|---|---|---|---|---|---|
2401
Cognex
CGNX
$10.9B
| $1.68M | ﹤0.01% |
30,036
-2,166
| -7% | -$112K |
|
|
OPP
2402
RiverNorth/DoubleLine Strategic Opportunity Fund
OPP
$190M
| $1.68M | ﹤0.01% |
199,057
+7,033
| +4% | +$57.9K |
|
|
HBI
2403
DELISTED
Hanesbrands
HBI
| $1.68M | ﹤0.01% |
369,934
+114,620
| +45% | +$524K |
|
|
FLC
2404
Flaherty & Crumrine Total Return Fund
FLC
$174M
| $1.68M | ﹤0.01% |
116,869
+11,485
| +11% | +$166K |
|
2405
First American
FAF
$7.66B
| $1.68M | ﹤0.01% |
29,428
+1,200
| +4% | +$67.8K |
|
2406
iShares US Oil Equipment & Services ETF
IEZ
$361M
| $1.68M | ﹤0.01% |
83,351
-26,079
| -24% | -$494K |
|
2407
United States Copper Index Fund
CPER
$765M
| $1.67M | ﹤0.01% |
72,045
-118,368
| -62% | -$2.8M |
|
|
BKN
2408
DELISTED
BlackRock Investment Quality Municipal Trust
BKN
| $1.67M | ﹤0.01% |
143,627
-5,341
| -4% | -$61.5K |
|
2409
Viemed Healthcare
VMD
$447M
| $1.67M | ﹤0.01% |
170,690
-3,000
| -2% | -$30.5K |
|
2410
TG Therapeutics
TGTX
$7.96B
| $1.67M | ﹤0.01% |
67,158
+17,010
| +34% | +$439K |
|
2411
Commercial Vehicle Group
CVGI
$154M
| $1.67M | ﹤0.01% |
150,284
+3,200
| +2% | +$29K |
|
2412
Brown-Forman Class A
BF.A
$13.4B
| $1.67M | ﹤0.01% |
24,471
-145
| -0.6% | -$9.44K |
|
|
IGR
2413
CBRE Global Real Estate Income Fund
IGR
$709M
| $1.66M | ﹤0.01% |
317,921
+4,900
| +2% | +$25.8K |
|
2414
AerCap
AER
$23.7B
| $1.66M | ﹤0.01% |
26,106
+894
| +4% | +$51.6K |
|
2415
iShares Currency Hedged MSCI Eurozone ETF
HEZU
$570M
| $1.66M | ﹤0.01% |
50,692
-40
| -0.1% | -$1.28K |
|
2416
MGE Energy Inc
MGEE
$3B
| $1.65M | ﹤0.01% |
20,887
+1,323
| +7% | +$102K |
|
|
AIF
2417
DELISTED
Apollo Tactical Income Fund Inc.
AIF
| $1.65M | ﹤0.01% |
130,031
-537
| -0.4% | -$6.62K |
|
2418
Nuveen Taxable Municipal Income Fund
NBB
$447M
| $1.65M | ﹤0.01% |
105,078
+14,307
| +16% | +$226K |
|
2419
ePlus
PLUS
$2.42B
| $1.64M | ﹤0.01% |
29,206
-1,453
| -5% | -$71.6K |
|
2420
GATX Corp
GATX
$6.35B
| $1.64M | ﹤0.01% |
12,758
-580
| -4% | -$67.9K |
|
2421
STAAR Surgical
STAA
$1.21B
| $1.64M | ﹤0.01% |
31,202
+8,827
| +39% | +$538K |
|
2422
iShares Global Utilities ETF
JXI
$314M
| $1.64M | ﹤0.01% |
27,421
+380
| +1% | +$23.1K |
|
|
OPPJ
2423
WisdomTree Trust WisdomTree Japan Opportunities Fund
OPPJ
$275M
| $1.64M | ﹤0.01% |
+61,356
| New | +$1.55M |
|
2424
Globe Life
GL
$14.2B
| $1.64M | ﹤0.01% |
14,931
+1,390
| +10% | +$149K |
|
2425
Plexus
PLXS
$6.72B
| $1.63M | ﹤0.01% |
16,636
+365
| +2% | +$33.4K |
|
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.