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 | |
|---|---|---|---|---|---|---|
2451
Star Bulk Carriers
SBLK
$3.21B
| $1.6M | ﹤0.01% |
90,283
+9,346
| +12% | +$180K |
|
2452
First Trust Japan AlphaDEX Fund
FJP
$249M
| $1.59M | ﹤0.01% |
33,204
+28,669
| +632% | +$1.33M |
|
2453
Lightwave Logic
LWLG
$995M
| $1.59M | ﹤0.01% |
228,402
+3,600
| +2% | +$20.9K |
|
2454
ALPS Disruptive Technologies ETF
DTEC
$72.2M
| $1.59M | ﹤0.01% |
40,325
-1,112
| -3% | -$41.5K |
|
2455
iShares S&P India Nifty 50 Index Fund
INDY
$562M
| $1.59M | ﹤0.01% |
35,192
+229
| +0.7% | +$9.81K |
|
|
PML
2456
PIMCO Municipal Income Fund II
PML
$485M
| $1.58M | ﹤0.01% |
175,196
+4,350
| +3% | +$39.5K |
|
2457
Alpha Architect US Quantitative Momentum ETF
QMOM
$422M
| $1.58M | ﹤0.01% |
33,998
+416
| +1% | +$18.5K |
|
2458
VanEck Oil Refiners ETF
CRAK
$213M
| $1.58M | ﹤0.01% |
52,213
+11,891
| +29% | +$364K |
|
2459
Global X DAX Germany ETF
DAX
$230M
| $1.57M | ﹤0.01% |
53,032
+6,071
| +13% | +$181K |
|
2460
Toast
TOST
$18.7B
| $1.57M | ﹤0.01% |
69,551
+11,706
| +20% | +$234K |
|
2461
MidCap Financial Investment
MFIC
$787M
| $1.57M | ﹤0.01% |
124,861
+2,282
| +2% | +$26.6K |
|
2462
PUT
Lockheed Martin
LMT
$134B
| $1.57M | ﹤0.01% |
3,400
| – | – |
|
2463
ALPS O'Shares Global Internet Giants ETF
OGIG
$104M
| $1.56M | ﹤0.01% |
48,828
-15,748
| -24% | -$464K |
|
2464
Zillow
Z
$7.79B
| $1.56M | ﹤0.01% |
31,057
-609
| -2% | -$28K |
|
2465
First Financial Bankshares
FFIN
$5.04B
| $1.56M | ﹤0.01% |
54,732
+9,323
| +21% | +$265K |
|
2466
Natural Resource Partners
NRP
$1.3B
| $1.56M | ﹤0.01% |
+29,494
| New | +$1.48M |
|
2467
BJs Wholesale Club
BJ
$12.5B
| $1.55M | ﹤0.01% |
24,659
+3,992
| +19% | +$276K |
|
2468
Americold
COLD
$4.02B
| $1.55M | ﹤0.01% |
48,096
-11,703
| -20% | -$348K |
|
|
INST
2469
DELISTED
Instructure Holdings, Inc.
INST
| $1.55M | ﹤0.01% |
61,743
+1,062
| +2% | +$26.6K |
|
2470
EastGroup Properties
EGP
$11.2B
| $1.55M | ﹤0.01% |
8,948
+641
| +8% | +$107K |
|
|
BWG
2471
BrandywineGLOBAL Global Income Opportunities Fund
BWG
$130M
| $1.55M | ﹤0.01% |
193,090
-17,776
| -8% | -$140K |
|
2472
Smith & Wesson
SWBI
$651M
| $1.55M | ﹤0.01% |
118,951
+3,396
| +3% | +$41.4K |
|
2473
Rentokil
RTO
$11.8B
| $1.55M | ﹤0.01% |
39,727
+8,475
| +27% | +$332K |
|
|
DHY
2474
Credit Suisse High Yield Credit Fund
DHY
$242M
| $1.55M | ﹤0.01% |
819,767
-698
| -0.1% | -$1.32K |
|
2475
Amplify Travel Tech ETF
AWAY
$26.1M
| $1.55M | ﹤0.01% |
90,918
-16,206
| -15% | -$276K |
|
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.