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 |
iShares iBoxx $ Investment Grade Corporate Bond ETF
LQD
|
+$288M |
| 2 |
iShares 1-5 Year Investment Grade Corporate Bond ETF
IGSB
|
+$216M |
| 3 |
Vanguard Total Bond Market
BND
|
+$203M |
| 4 |
Invesco QQQ Trust
QQQ
|
+$201M |
| 5 |
iShares MSCI EAFE Growth ETF
EFG
|
+$195M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
iShares Core US Aggregate Bond ETF
AGG
|
+$119M |
| 2 |
iShares 5-10 Year Investment Grade Corporate Bond ETF
IGIB
|
+$113M |
| 3 |
iShares Core MSCI EAFE ETF
IEFA
|
+$101M |
| 4 |
iShares Core MSCI Emerging Markets ETF
IEMG
|
+$95M |
| 5 |
iShares MSCI USA Quality Factor ETF
QUAL
|
+$86.8M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 5.5% |
| 2 | Healthcare | 2.67% |
| 3 | Consumer Discretionary | 2.65% |
| 4 | Financials | 2.58% |
| 5 | Communication Services | 2.25% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
251
ServiceNow
NOW
$120B
| $39.7M | 0.07% |
489,460
+62,400
| +15% | +$4.41M |
|
252
WisdomTree US MidCap Dividend Fund
DON
$4.05B
| $38.7M | 0.07% |
1,365,771
-148,227
| -10% | -$4M |
|
253
WisdomTree Yield Enhanced US Aggregate Bond Fund
AGGY
$923M
| $38.3M | 0.07% |
710,904
+231,129
| +48% | +$12.3M |
|
254
Shopify
SHOP
$171B
| $38.1M | 0.07% |
401,730
-14,340
| -3% | -$995K |
|
255
Pacer Trendpilot 100 ETF
PTNQ
$1.17B
| $38M | 0.07% |
889,375
-127,021
| -12% | -$4.94M |
|
256
Kimberly-Clark
KMB
$37.4B
| $37.7M | 0.07% |
266,553
-30,229
| -10% | -$4.17M |
|
257
Thermo Fisher Scientific
TMO
$213B
| $37.6M | 0.07% |
103,879
+3,690
| +4% | +$1.24M |
|
258
Global X NASDAQ-100 Covered Call ETF
QYLD
$7.96B
| $37.4M | 0.07% |
1,782,486
+681,661
| +62% | +$13.8M |
|
259
First Trust Morningstar Dividend Leaders Index Fund
FDL
$7.91B
| $37.2M | 0.06% |
1,468,381
+90,078
| +7% | +$2.24M |
|
260
John Hancock Multifactor Mid Cap ETF
JHMM
$5.91B
| $36.7M | 0.06% |
1,043,789
+6,751
| +0.7% | +$222K |
|
261
Altria Group
MO
$125B
| $36.6M | 0.06% |
931,712
-80,897
| -8% | -$3.16M |
|
262
Invesco S&P 500 High Dividend Low Volatility ETF
SPHD
$3.42B
| $36.1M | 0.06% |
1,095,137
-248,216
| -18% | -$8.07M |
|
263
WisdomTree US LargeCap Dividend Fund
DLN
$6.26B
| $35.7M | 0.06% |
769,664
+357,814
| +87% | +$16.1M |
|
264
Invesco FTSE RAFI US 1000 ETF
PRF
$9.79B
| $34.8M | 0.06% |
1,607,070
-957,355
| -37% | -$19.9M |
|
265
Eli Lilly
LLY
$1.08T
| $34.5M | 0.06% |
210,268
+10,860
| +5% | +$1.67M |
|
266
Vanguard Extended Market ETF
VXF
$30.2B
| $34.5M | 0.06% |
291,504
-798
| -0.3% | -$85.7K |
|
267
Crown Castle
CCI
$33.2B
| $34.4M | 0.06% |
205,256
+20,876
| +11% | +$3.36M |
|
268
Gilead Sciences
GILD
$166B
| $34.3M | 0.06% |
445,698
-114,582
| -20% | -$8.78M |
|
269
iShares S&P 100 ETF
OEF
$19.7B
| $33.8M | 0.06% |
237,527
+26,521
| +13% | +$3.57M |
|
270
Target
TGT
$66.7B
| $33.8M | 0.06% |
281,872
+25,433
| +10% | +$2.9M |
|
271
iShares MSCI Emerging Markets Min Vol Factor ETF
EEMV
$3.38B
| $33.5M | 0.06% |
645,037
-113,751
| -15% | -$5.75M |
|
272
Honeywell
HON
$77.3B
| $33.5M | 0.06% |
245,571
-99,267
| -29% | -$13.1M |
|
273
Vanguard Tax-Exempt Bond Index Fund
VTEB
$45.3B
| $33.3M | 0.06% |
615,535
-66,725
| -10% | -$3.56M |
|
274
WisdomTree US Total Dividend Fund
DTD
$1.65B
| $32.8M | 0.06% |
728,360
+141,836
| +24% | +$6.18M |
|
275
Nike
NKE
$63.8B
| $32.8M | 0.06% |
334,032
+22,680
| +7% | +$2.09M |
|
Similar funds
LPL Financial's Q2 2020 Portfolio in Review
As of Q2 2020, LPL Financial held 3,572 positions worth $57.4B, up 24% from $46.4B the previous quarter. Its ten largest holdings account for 21% of the portfolio.
LPL Financial deployed $3.19B of net new capital in Q2 2020, opening 364 new positions and adding to 1,877 existing holdings. Its largest new stake was FS KKR Capital Corp. II: 1,600,279 shares worth $20.6M.
By sector, the portfolio is most concentrated in Technology at 5.5% of assets, up from 4.6% a quarter earlier, followed by Healthcare and Consumer Discretionary.
On the sell side, the largest reduction was iShares Core US Aggregate Bond ETF, an estimated $119M trimmed.
- LPL Financial's largest Q2 2020 buy was FS KKR Capital Corp. II: 1,600,279 shares worth $20.6M.
- LPL Financial added most to iShares iBoxx $ Investment Grade Corporate Bond ETF in Q2 2020, an estimated $288M increase.
- LPL Financial's biggest Q2 2020 reduction was iShares Core US Aggregate Bond ETF, cutting an estimated $119M.
- LPL Financial fully exited Raytheon Company in Q2 2020, selling an estimated $18.6M.
- LPL Financial's ten largest holdings make up 21% of its $57.4B portfolio in Q2 2020.
- LPL Financial opened 364 new positions and closed 114 in Q2 2020.
- LPL Financial's portfolio value rose 24% quarter-over-quarter to $57.4B.
Based on LPL Financial's 13F filing for Q2 2020, filed 13 Aug 2020.